Floresta USA Incorporated

“"The preparation of our Form 990 is a collaborative effort within the Finance department. The team assembles the 990 Form by utilizing audited financial statements from the fiscal year under consideration. The initial draft is composed by the Finance and Accounting Manager, followed by a comprehensive review process involving the Director of Finance and the Global Finance and Accounting Analyst. The final draft undergoes scrutiny by the VP of Finance & Admin before being forwarded to the Board Treasurer. Upon receipt, the Board Treasurer meticulously reviews and approves the 990 draft, seeking final approval. The document then proceeds to the CEO or VP of Finance for their signature. Once signed and finalized, it is distributed to all board members for their reference and awareness of the financial disclosures and reports."”

“If the organization engages in any conflicts of interest, the transaction or relation must first be disclosed to and approved by the board (excluding the participation and vote of the member involved in the related party transaction, if applicable). It is the job of the governing board and executive management to be aware of all conflicts of interests and reveal them to the governing board. If the conflict is in relation to anyone in the governing board, the member of the party is asked to leave during the applicable discussion and voting portion of the meeting. Additionally, on an annual basis, every board member is required to read and sign acknowledgement of the Organization's Conflict of Interest Policy, which includes a space for each board member to bring up any noticed conflicts of interest that may have not been addressed. Each member's signed agreement is then filed in the Organization's records.”

“"Annually, the Executive Committee, along with the VP of Finance & Administration, conducts a comprehensive review of the CEO's performance, comparing compensation with industry standards. Using at least four external sources, they assess performance, provide feedback, set goals, and negotiate salary adjustments. Performance check-ins occur three times a year. For Officers, Key employees and all other employees, reviews follow a similar process, considering market rates based on position, tenure, budget size, and location using live peer data and traditional surveys. Personnel issues are addressed collaboratively throughout the year, with decisions made collectively by involved parties, HR, the CEO, and relevant committees."”

“Governing documents and Conflict of Interest Policy are available to the public upon request. Financial Statements are available on the financial page of our website, in addition to available on watchdog sites such as Guidestar, Charity Navigator, etc.”