Ten Thousand Villages

“Mennonite central committee u.s. A pennsylvania nonprofit corporation which is a 501(c)(3) organization affiliated with anabaptist churches in the united states, appoints representatives to the board which shall at all times be one (1) less than a majority of the then current number of directors of the organization.”

“The form 990 is reviewed by key financial personnel, and ceo prior to filing. The complete 990 is also made available for review to all members of the board prior to filing.”

“Each interested person shall annually sign a statement which affirms such person: a. Has received a copy of the conflict of interest policy, b. Has read and understands the conflict of interest policy, c. Has agreed to comply with the conflict of interest policy, and d. Understands the organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. In addition, on such statement, each interested persons shall disclose or update his or her interests that could give rise to a conflict of interest, such as a list of family members, substantial business or investment holdings, and other transactions or affiliations with businesses and other organizations and those of family members. To ensure the organization operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax- exempt status, regular and consistent reviews (at least annually) shall be conducted. The reviews shall, at a minimum, include the following subjects: a. Whether compensation arrangements and benefits are reasonable, based on competent survey information, and the result of arm's-length bargaining. B. Whether partnerships, joint ventures, and arrangements with management organizations conform to the organization's written policies, are properly recorded, reflect reasonable investments or payments for goods and services, further charitable purposes and do not result in inurement, impermissible private benefit or in an excess benefit transaction. C. Whether the governing board and all committees with board delegated powers are properly implementing this conflict of interest policy. D. Whether any improvements should be made to this conflict of interest policy.”

“Ten thousand villages uses a compensation structure for all employees based on job content from job description text and job analysis performed by a three-member internal compensation committee. The structure is loosely based on the hay method for job evaluation. Each job position is assessed based on three broad factors: position facts gleaned from the job description, market research, and relative comparisons to a variety of organizational benchmark positions for which data is easily available. Individuals in a position are assigned a specific salary point within a pay range that corresponds to the job position's level on the overall organizational pay scale. (outside consultants assisted with the development of the system)”

“Ten thousand villages uses a compensation structure for all employees based on job content from job description text and job analysis performed by a three-member internal compensation committee. The structure is loosely based on the hay method of job evaluation. Each job position is assessed based on three broad factors: position facts gleaned from the job description, market research, and relative comparisons to a variety of organizational benchmark positions for which data is easily available. Individuals in a position are assigned a specific salary point within a pay range that corresponds to the job position's level on the overall organizational pay scale. (outside consultants assisted with the development of the system)”

“Massachusetts, michigan, minnesota, mississippi, nevada, new hampshire, new jersey, new mexico, new york, north carolina, north dakota, ohio, oregon, rhode island, south carolina, tennessee, utah, virginia, washington, west virginia, wisconsin”

“Ten thousand villages provides the information upon request. The information is electronically stored and when the information is requested a link is provided to gain access to the information.”

“During the year, ten thousand villages discontinued use of its retail locations and will no longer be providing a physical presence. All sales are made via ecommerce and wholesale transactions.”

“Bad debt expense -25,000 during the fiscal year, the organization wrote off previously recognized grant monies of 25,000 where money was initially expected to be received, but was not.”