Virginia Gildersleeve International Fund

“Women first has its form 990 prepared by an outside accounting firm. When the form 990 has been prepared, reviewed by executive director and audit committee and is ready to be filed with the internal revenue service, it is electronically sent to the board members of the organization for any comments. Any comments are then grouped, summarized and provided to the outside accountants. Each issue is documented and addressed until the return is finalized and approved for filing.”

“Women first presents its conflict of interest policy each year at its annual meeting to all board and committee members. All board and committee members are required to sign and return women first's conflict of interest policy each year that runs april through april. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governance board delegated power considering the proposed transaction or arrangement. Members of the board must also recuse themselves from voting if/when a conflict is present. After disclosure of the financial interest and all material facts, and after any discussion with the interest person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. The policy is applicable to board officers, director, and employees. At the start of each calendar year, the staff reviews the requirement and collects the signatures on the forms. When a conflict is declared, the interactions and decision making of each party is monitored. If applicable, parties would recuse themselves from related decisions.”

“Women first used the following process for determining the compensation for the executive director: the executive committee is charged with the responsibility to prepare executive director compensation recommendations for discussion and approval by the full board. To prepare recommendations for executive director compensation, the executive committee reviewed the executive director's self-performance report and asked all board members to complete questionnaires. Staff and women first principal contractors also completed short questionnaires. Finally, the board consulted the 2019 nonprofit salaries and staffing trends report for greater new york city area nonprofits from pnp staffing group. Using this information, the executive committee met to review the materials and provided specific recommendations on the executive director's 2020 compensation for the board's consideration. During the executive session of the october 2019 board meeting, the full board discussed the written recommendations of the executive committee and voted on the 2020 compensation for the executive director.”

“The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. It is posted on new york state attorney general, guidestar.org and other similar types of websites. In addition, the financial statements, conflict of interest policy, articles of incorporation, form 990, form 1023, and by-laws are available upon written request at 125 park avenue, 25th floor, new york, ny 10017 or by calling the organization directly at 212-213-0622.”

“Women first provides flexible funding over a six-year partnership to local grassroots organizations that improve the lives of women, girls and trans people by changing their economic futures. Our grants and partnerships sustainably change the lives of women, girls, trans people, and their communities.”

“Women first, inc. Has a committee that assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This process has not changed from the previous year.”