Global Clearinghouse for Development Finance Inc.

“Global clearinghouse for development finance has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. After the 990 has been prepared it is reviewed by management. Upon mamnagement's approval the 990 is electronically sent to the board members of the organization for any comments. Any comments are then grouped, summarized and provided to the outside accountants. Each issue is documented and addressed until the return is finalized and approved for electronic filing by the tax preparer.”

“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 and the executive commitee of the board 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 conducted a compensation study in 2013 to review the appropriateness of the compensation of the executive director and key employees. At the 2013 annual meeting of the board, the independent board members of the organization 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 compensation ceiling of the executive director was compared to the detailed survey data, and deemed to be below market rates and therefore increased. The independent board members documented the process and the basis for the compensation decision in the minutes of the 2013 annual meeting of the board of directors. A comparative study was also done for the following positions: independent contractors and program analysts. The compensation ceiling for both positions was found to be below market rates and was raised accordingly. The independent board members documented the process and the basis for the compensation meeting in the minutes of the 2013 annual meeting of the board of directors. The independent board members determines compensation at its annual meeting or at a special meeting, as the need arises, and documents the process in the board minutes.”

“SEE 15 A”

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

“The global clearinghouse for development finance ("globaldf") conducts activities to improve the social and economic stability and growth of developing countries through: (i) promoting the sharing of information, knowledge and resources among governments, international organizations, non-profits and the private sector for the benefit of developing countries; and (ii) providing training and advisory services and developing and deploying communication technologies to support these objectives.”

“Projects in latin america that are critical to economic development.”

“Financial advisors 5,100 0 0 dir of research & operations 3,735 0 0 computer programmer 16,000 425 0”