Clasp

“The form 990 was prepared by the outside accountants and reviewed in detail by the ceo, the coo, the director of finance, and the treasurer. A final copy of the form 990 was reviewed by the full board prior to filing with the irs.”

“Officers and directors are required to annually sign a conflict of interest policy. If a conflict arises, it is discussed among the executive committee members and then taken to the full board for consideration. The interested person is recused from all discussions and voting on the matter.”

“The human resources (hr) committee of the board of directors conducts a performance evaluation of the ceo and an analysis of benchmarking compensation surveys from organizations representative of the nonprofit industry. After reviewing the materials, the hr committee recommends the salary increase to the executive committee of the board and then to the full board. The full board votes to approve the salary. The deliberation and decision of this process is conducted in an executive session and substantiated by board approval of the hr committee recommendation. The chair of the hr committee reports the salary increase to the chief operating officer. The last review took place in december 2024. The compensation structure for clasp's compensation is determined using independent market data to ensure fairness and competitiveness. Salary bands for each country are established and updated with benchmarking data obtained from independent organizations that specialize in compensation. These bands reflect local market conditions and comparable positions in the nonprofit sector. This process allows clasp to align compensation with regional standards while maintaining consistency across offices, supporting equity, and ensuring compliance with organizational policies.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. The audited financial statements are also available on their website.”

“Clasp team contractors: program service expenses 527,389. Management and general expenses 0. Fundraising expenses 0. Total expenses 527,389. Technical implementers: program service expenses 9,557,544. Management and general expenses 0. Fundraising expenses 0. Total expenses 9,557,544. Other professional fees: program service expenses 878,691. Management and general expenses 177,322. Fundraising expenses 0. Total expenses 1,056,013. Test labs: program service expenses 137,573. Management and general expenses 0. Fundraising expenses 0. Total expenses 137,573.”