Results for Development Institute Inc.

“The federal form 990 is reviewed by the audit committee with the tax preparer and then forwarded to the full board of directors for final review prior to filing with the internal revenue service.”

“The board of directors approved a conflict of interest policy at their october 28, 2009 meeting. The board members review the conflict of interest policy annually. To ensure the results for development institute operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews shall be conducted. The periodic reviews shall, at a minimum, include the following subjects: whether compensation arrangements and benefits are reasonable, based on competent survey information, and the result of arm's length bargaining, and whether partnerships, joint ventures, and arrangements with management organizations conform to r4d's written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further charitable purposes and do not result in inurement, impermissible private benefit or in an excess benefit transaction. If the governing board or committee determines the member has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action.”

“The board of directors reviews and approves the president's compensation on an annual basis. The board of directors commissioned a report from an independent consultant in 2018 to ensure the appropriateness of the compensation levels of the managing directors and the president. In 2018, the r4d management undertook a review of an independently produced compensation survey of other nonprofit organizations of similar size and scope to r4d to ensure the appropriateness of the compensation levels of its staff. Annually r4d management reviews the salary of its staff and compensation of r4d managing directors and all staff salaries are approved by the president. In november 2019, the board reviewed the president's employment contract and renewed this contract for an additional year to be reviewed annually henceforth. The results of the annual review shall be an input to the determination of executive's compensation.”

“R4d makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Consultants: program service expenses 4,112,921. Management and general expenses 320,289. Fundraising expenses 2,690. Total expenses 4,435,900.”

“Prior year net asset variance -1,351.”