Vilcap Inc.

“The form 990 is prepared by an independent tax accountant in conjunction with the organization's outsourced accounting function. A draft form 990 is then reviewed by the head of finance, ceo, coo, and the board treasurer; adjustments are made, as necessary. A complete copy of the form 990 is provided to all members of the governing body prior to filing with the internal revenue service.”

“The organization has a written conflict of interest policy, which covers all directors, officers, and key employees ("responsible persons"). Under the policy, responsible persons are required to annually complete a disclosure form identifying any relationships, positions, or circumstances in which the responsible person is involved that he or she believes could contribute to a conflict of interest arising. Should an actual or potential conflict of interest be identified, the responsible person shall disclose all facts material to the conflict of interest to the board and/or committee tasked with review of the proposed transaction or arrangement (in the event the conflicted individual is a board member) or to the chair (in the event the conflicted individual is not a board member). The responsible person who has a conflict of interest is not allowed to participate in or be permitted to hear the board's or committee's discussion of the matter, except to disclose material facts and to respond to questions; in addition, the conflicted responsible person shall not vote on the contract or transaction and not be present in the meeting room when the vote is taken.”

“Compensation for the ceo is determined on an annual basis by the board of directors which utilizes publicly available compensation data for similarly situated employees at comparable organizations in determining the appropriateness of the compensation package; the process is substantiated within the board meeting minutes. Compensation for other officers and key employees is determined by the ceo, who utilizes publicly available compensation data for similarly situated employees at comparable organizations in determining the appropriateness of the compensation package.”

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

“Outside services: program service expenses 1,131,167. Management and general expenses 47,412. Fundraising expenses 25,015. Total expenses 1,203,594. Professional fees: program service expenses 214,232. Management and general expenses 6,352. Fundraising expenses 3,933. Total expenses 224,517.”