International Baccalaureate Organization

“Form 990, part iii, line 4d the ibo received $2,539,320 of income from the sale of publications, $272,533 of legislation income, and an additional $1,388,105 of miscellaneous income, all of which was related to the organization's exempt function. Process used to review the form 990 form 990, part vi, question 11b the form 990 is prepared by the organization's independent tax accountant, ernst & young llp. The 990 is then reviewed and signed off by international baccalaureate organization's (ibo's) management. Policies and procedures are in the process of being implemented to circulate the ibo's form 990 to the ibo board prior to filing it with the irs.”

“Form 990, part vi, question 12c ib governance department includes the conflicts of interest policy in the package of each new board member, presents it during the induction session, asks for a signed copy of the register when he or she joins the board and regularly updates the registers. Also, the chair discusses any potential conflicts at the beginning of each board meeting, according to the items on the agenda of that meeting.”

“Form 990, part vi, questions 15a and 15b the human resources (hr) committee (which is a committee of the board) deliberates on and decides the director general's salary in the first instance and review it annually. These decisions are documented the hr committee uses benchmarking data, independent views from consultants are obtained and an external expert sits on the hr committee. Then, the director general, with delegated authority by and in collaboration with the hr committee, decides the salaries of the other officers and key employees. These decisions are also documented. Avail of gov docs, conflict of interest policy, & fin stmts to gen public form 990, part vi, question 19 ibo will make an 18-month financial report available to the general public by mailing it to all ib world schools and to all ib donors, and by including on the ib website. The conflict of interest policy is also available on the ib website. However, the governing documents are available to the public only upon request.”

“Form 990, Part VII, Section A Certain individuals are not U.S. residents or U.S. employees; therefore, the compensation information for these individuals is provided using the best information available from the W-2 equivalent. OTHER CHANGES IN NET ASSETS FORM 990, PART XI, LINE 9 OPENING BALANCE ADJUSTMENT TO IBO ARGENTINA RESERVES - ($132,115)”