Cuso International

“Cuso international is a member organization and all voting directors are members.”

“Officers and at large members of the board may elect members of the governing body.”

“Member approval is required to amend the articles of incorporation and bylaws of the organization.”

“The form 990 is reviewed by the organization's management prior to filing with the irs.”

“When a new board member joins the organization, and annually thereafter, each board member signs a board questionnaire containing a conflict of interest statement. The board reviews and discusses the information to determine if a potential conflict exists. If a majority of the board members concur that a conflict of interest does exist, the board member involved is recused from any further discussion or voting involving that issue.”

“The governing body approves the compensation for the ceo. Compensation is based on market standards of comparable positions in the industry. Salary revisions or changes are based on performance and achievements during the year. The last salary review was coincident with the board meeting in june 2016. Other employees' salaries are determined by the provisions of a collective agreement for bargaining unit employees, and by using comparable market standards and performance for non-bargaining unit staff. The current collective agreement covers the period 1 july 2016 to 30 june 2018. A new collective agreement will be negotiated in 2018.”

“The governing documents, conflict of interest policy and financial statements are made available upon request.”

“The number of volunteers is based on the number of active volunteer placements during the year.”

“Cuso international is a foreign entity, legally domiciled in canada.”

“The reporting organization is a foreign entity operating outside the united states and therefore does not have a requirement to file form w-3 or form 1096 to report employee or independent contractor compensation. Cuso international employed 165 individuals during the year.”

“Foreign currency translation -70,754. Change in foreign exchange estimating methodology -364,928.”

“Cuso international is a foreign organization. The following exchange rates were used to convert the stated information from the functional currency to the us dollar. Ending balance sheet amounts were converted to the us dollar using the daily exchange rate as of 03/30/2017. The rate used is 0.751408 us dollar for every canadian dollar. Beginning balance sheet amounts were converted to the us dollar using the daily exchange rate as of 03/30/2016. The rate is 0.770440 us dollar for every canadian dollar. The average yearly rate is used to convert income statement us dollars. The average rate is 0.761804.”