World Bicycle Relief Nfp

“Form 990, Part VI, Line 1a The Board of Directors shall have power to appoint committees for the purpose of conducting certain aspects of the corporate business not otherwise delegated. Committees may not act on behalf of the Corporation unless such authority is specifically delegated to the committee, and if such corporate authority is so delegated, it shall be valid only as to a single issue and not in general terms. The Board of Directors may from time to time appoint advisory boards or special councils for specific purposes that do not require corporate action. The composition of such advisory groups may include persons with professional skills or special experience necessary to advise and inform the Board of Directors. Such advisory groups shall not have the authority to commit the corporation to any legal contracts or agreements whether or not related to the business of the corporation. The Board of Directors shall not lend Apparent authority to such, advisory groups and all related corporate resolutions shall expressly limit the groups authority In this respect.”

“Form 990, Part VI, Line 2 Board member Stanley Day and president Frederick K.W. day have a family relationship. Michael Herr, Brian Benzer, Stanley Day, and Frederick K.W. Day have a business relationship.”

“Form 990, Part VI, Line 11b The President, Executive Director, and Treasurer reviewed a draft of the Form 990 that was prepared by a third party tax preparer based upon information WBR provided the preparer. Subsequent to their review, Management and the full voting board received a copy of the draft return electronically. The board provided any questions or comments to the Executive Director and the Form 990 was revised, as necessary. The full voting board of directors received a copy of the Form 990 prior to filing with the IRS.”

“Form 990, Part VI, Line 12c The responsibility for disclosing any known or reasonably foreseen actual or potential conflicts of interest shall be upon the interested party whose interests are or may appear to be in conflict. All interested parties are required to file with the WBR a disclosure statement with WBR prior to such individual commencing his or her service with WBR and thereafter shall file with WBR an updated disclosure statement as may be required from time to time by the Board of Directors or its Committee designee, and in no event less often than annually. The minutes shall reflect that the conflict of interest was disclosed and the interested person was not present during any discussion of the matter and did not vote on the matter in person or by proxy. When any such conflict of interest is relevant to a matter requiring action by the Board of Directors or any committee of the Board, the interested person shall disclose such conflict to the Board of Directors or such committee; and shall not vote on the matter. Further, the interested person having a conflict shall retire from the room in which the Board or the committee is meeting and shall not participate in any deliberation or decision regarding the matter under consideration. When there is a doubt as to whether a conflict of interest exists, the matter shall be resolved by a vote of the Board of Directors or the committee, as the case may be, excluding the interested person concerning whom the doubt has arisen. The Board of Directors, from time to time, shall report on its implementation of these guidelines and the status of any policy developments regarding compensation and conflicts of interest. Further, the Board of Directors shall report after having been alerted to specific instances when these guidelines have not been followed or any other issue regarding compensation or conflict of interest is determined to exist.”

“Form 990, Part VI, Line 15b Compensation is established for the Executive Director by the President after a thorough salary/market review. This salary/market review process was completed during the hiring process carried out in mid 2013. Each year the board evaluates the Executive Director's performance through an assessment process. The board uses this data to determine compensation. The senior staff has a comprehensive performance evaluation and compensation review done at the end of each calendar year. Salary is benchmarked every year vis-a-vis other similar organizations using Form 990 data. Documentation of the compensation review is contemporaneously documented in the Human Resources files.”

“Form 990, Part VI, Section C, Line 18 WBR'S Form 990 is available on the organization's website and available upon request. The organization's form 1023 is available upon request.”

“Form 990, Part VI, Line 19 The following documents are posted on the organization's website and available upon request: Articles of Incorporation, Bylaws, Conflict of Interest Policy, and Audited Financial Statements.”

“Form 990, Part VII Frederick K.W. Day is an officer of SRAM, LLC and World Bicycle Relief. Sram, LLC is an unrelated third party, which contributes Frederick K.W. Day's world bicycle belief's compensation as an officer to world bicycle relief. Sram, llc includes this amount in Fredrick K.W. Day's W-2, and has treated this as an in-kind contribution for services Fredrick K.W. Day renders to world bicycle relief as an officer.”

“Form 990, Part XI, Line 9 Foreign Exchange Loss............................................($13,751) Total............................................................($13,751)”

“Form 990, Part XII, Line 2c The financial statements are shared with the board and key internal staff. An audit Committee was formed to review audit activities.”

“Form 990, Page 1, Box B World Bicycle Relief, NFP, is filing an amended Form 990 for the year ended December 31, 2013, due to the fact that the organization had reported an incorrect number of independent board members on the originally filed Form 990. The Amended 2013 Form 990, Part VI, Line 1b, correctly states 5 independent voting members.”