Fos Feminista Fund

“International planned parenthood federation western hemisphere region ("ippfwhr") (dba fos feminista) is the supported organization of fos feminista fund and its board of directors has the powers to appoint three directors to the organization's board and to remove its appointed directors. Further, ippfwhr (dba fos feminista) must provide written consent for any change affecting designation, term, powers or duties of the director(s) it appoints.”

“Fos feminista fund does not have any paid directors, officers or employees. The ceo and cfo are paid by a related organization, international planned parenthood federation western hemisphere region, inc. (dba fos feminista). Fos feminista established the following procedure to determine officers' compensation. In proposing and determining a competitive and equitable salary for the ceo, a review of the compensation paid to ceo's at leading organizations with similar budget and size was considered. Survey data from the prm non-profit executive compensation survey reflecting organizations in nyc with operating budgets of $15m-$29.9m was considered a good reference point for fs feminista. This data was shared with our board chairperson and vice chairperson for review and consideration. The board chair and the board agreed with the compensation data provided by the independent consultant. Thus, our ceo salary increase reflects this recommendation. The deliberation and decision of ceo's compensation was contemporaneously documented in a memo between the board chair, vice-chair, and ceo. This work was conducted in 2024. For other key personnel and all teams at the organization, in 2021-2022 we hired an independent compensation expert to review our jobs and develop our current salary bands (which includes all positions at the organization) based on reliable data from international ngos operating with the same budget and comparable in size. The compensation was approved by the board and contemporaneously documented in the minutes.”

“International planned parenthood federation western hemisphere region, dba fos feminista ("fos feminista"), is the sole member of fos feminista fund. Fos feminista is a not-for-profit corporation and operated exclusively as a public charity within the meaning of section 501(c)(3) of the code.”

“The organization has no board committees; the board carries out all governance duties.”

“The organization's form 990 is initially prepared by an independent accounting firm based on information provided by the staff of ippfwhr (dba fos feminsta), a related section 501(c)(3) organization (the fund has no employees). The ippfwhr (dba fos feminista) staff review and approve the draft return. The final return is then provided to the board prior to filing with the internal revenue service.”

“The organization has a conflict of interest policy in place. Directors and officers are required to disclose the existence of a financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. The governing board or committee then reviews the outside affiliations to determine if there are any potential conflicts of interest or violations of the conflict of interest policy. If so, appropriate action is taken to resolve any such conflicts or violations, including causing a director to recuse himself or herself from discussion and voting on the issue, engaging in a different transaction of arrangement that would not create a conflict of interest, or taking appropriate disciplinary and corrective action.”

“Upon request, the organization will make available only those documents required to be disclosed under the public inspection laws.”