Global Clearinghouse for Development Finance Inc.

“The organization did not have any committees in place in 2020.”

“The organization has its form 990 prepared by an outside accounting firm. It is then reviewed by the executive director and a complete copy is provided to all members of the organization's governing body for their review prior to filing.”

“The conflict of interest policy is applicable to all employees, board members, and officers. The conflicts are monitored by the executive director of the organization. If any potential or actual conflicts were to arise, the executive director would review the conflict and the board member, employee or officer may not vote on the issue on which they have a conflict. The resolution is determined on a case by case basis. Annually employees, board members and officers must complete a conflict of interest disclosure statement. In addition, periodic reviews are conducted throughout the year.”

“Globaldf examined the compensation paid to other executive directors at other nonprofit organizations providing similar services, nonprofits with an international focus, compensation surveys compiled by independent firms, and compensation at other small nonprofits in the geographic area. The independent board members determines compensation at its annual meeting or at a special meeting, as the need arises. This process last occurred in 2020 and was documented in the board minutes.”

“The organization's 990 is available upon request and is posted on guidestar.org and other similar websites. In addition, the conflict of interest policy, articles of incorporation and bylaws are also available upon written request or by contacting the organization directly.”

“Payroll service fees: program service expenses 0. Management and general expenses 924. Fundraising expenses 0. Total expenses 924. Contract services: program service expenses 77,476. Management and general expenses 0. Fundraising expenses 0. Total expenses 77,476.”