Akvo Foundation USA

“The 990 was prepared by outside accountants and reviewed by senior management. Board members received and approved the 990 before it was filed with the irs.”

“The organization adopted a conflict of interest policy in 2015. The policy requires officers, board members and employees to scrutinize their transactions and outside business interests and relationships for potential conflicts and to immediately make disclosures of such transactions to the board. If a conflict is identified by an employee, it shall be disclosed to the chief executive officer, or if she or he is the one with the conflict, then to the board chair, who shall then bring the matter to the attention of the board or a duly constituted committee thereof. Board members with potential conflicts should notify the board chair, or vice-chair, who would bring the matter to the attention of the board or a duly constituted committee thereof. The board or duly constituted committee shall determine whether a conflict exists, and whether the contemplated transaction may be authorized as just, fair and reasonable to the organization. The decision of the board or duly constituted committee will rest in their sole discretion and their concern must be the welfare of the organization and the advancement of its purpose.”

“The process for determining the compensation for the executive director included a board approval and review. Comparable data was used and the process was documented in the board minutes. The last compensation review took place in july 2015.”

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

“Local contractors: program service expenses 11,343. Management and general expenses 0. Fundraising expenses 0. Total expenses 11,343. Subcontract-dash-cisco: program service expenses 75,050. Management and general expenses 0. Fundraising expenses 0. Total expenses 75,050. Charity water monitoring: program service expenses 10,538. Management and general expenses 0. Fundraising expenses 0. Total expenses 10,538. Charity water monitoring-kenya: program service expenses 4,621. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,621. Helvetas/guatemala: program service expenses 2,908. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,908. Idb/senasba: program service expenses 12,995. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,995.”