International Development Enterprises

“The executive committee consists of a minimum of five and a maximum of seven directors of the board including the chairperson and vice-chairperson of the board and such other board members as selected by the board. The committee has the power to act for the board between board meetings. All decisions of the executive committee are reported to the board at its next meeting.”

“The form 990 is prepared by an independent cpa firm with information provided by management. The form is then reviewed by the chief executive officer, vice president of finance and the finance committee of the board of directors before being approved by the full board and being filed.”

“Each director, principal officer, or member of a committee with powers delegated by the board of directors who has a direct or indirect financial interest are considered an interested person and must disclose any actual or possible conflict of interest. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, the interested person shall leave the board of directors meeting while the determination of a conflict of interest is discussed and voted upon by the remaining members. The remaining members of the board of directors determine if a conflict of interest exists. If a conflict of interest exists, the interested person may make a presentation to the board of directors, but after the presentation must leave the meeting. The remaining members will discuss and vote on the transaction or arrangement involving the conflict of interest. This policy is enforced at each board meeting with proceedings documented in the meeting minutes.”

“Ide's board of directors sets the salary of ide's chief executive and also sets performance objectives for each fiscal year. Performance against these metrics determines, in part, annual salary increase and bonus for the ceo. In 2023, ide's governance committee of the board of directors reviewed executive compensation from birches salary survey to benchmark ide's executive compensation against other organizations as well as against ide's hr policy framework. Compensation for other high-level personnel and key employees is reviewed at least annually by members of management. A combination of performance, market rates from the birches survey, professional experience, and salary history were used by management to set these salaries. Management endeavors to ensure the competitiveness and appropriateness of salaries and benefits in line with ide's hr policy framework. Every effort is made to ensure the process is thorough and transparent in accordance with irs guidelines and ide's policies and procedures. All decisions are documented in personnel files. This process was last completed in 2023.”

“The organization's governing documents and financial statements are available to the public upon request and on the organizations website.”

“Ide is a global development organization that spans offices in 12 countries, encompassing two social enterprises, employing over 1,200 people directly, and indirectly enabling many more through our market-based approaches in agriculture; water, sanitation, and hygiene (wash); and finance. Ide creates income and livelihood opportunities for poor, rural households in africa, asia, and latin america. We are driven to end poverty, but we don't do simple handouts of supplies or cash. Instead, we believe that everyone has the ability to increase their livelihoods and build long-term resilience of their own accord. They may just need training or connections to suppliers and customers. That's where we come in and what we mean when we say we are "powering entrepreneurs to end poverty." our bottom line is measurably improving the lives of our clients: rural farmers, families, and small businesses that are among the world's poorest. Ide strives for a global average of $10 in annual income or livelihood savings for our clients for every dollar we deploy across our global portfolio. Under this commitment, we report our social return on investment (sroi) over a three-year rolling average. In the period 2021-2023, we achieved a global average of $15.0 for every dollar invested by ide. This impact is rooted in reality, and the data is readily available to our stakeholders. This is our method of ensuring that the investments by our donors, the rural entrepreneurs that we are working with, the customers they are serving, and our staff are having a measurable and direct impact. Ide's efforts to date have helped nearly 41.1 million people escape poverty since our inception 41 years ago, and we are committed to growing our reach and impact as quickly as possible. That's why ide is launching a new 10-year impact strategy. Under the strategy being announced in september 2024, we will set ambitious goals to power women entrepreneurs in particular, as well as fostering prosperity among millions of low-income people.”

“Foreign currency translation adjustment -120,403. Gain on investment in subsidiaries -212,372.”