Intervarsity Christian Fellowship- USA

“Katherine Alsdorf, Board Member, and John Alsdorf, Board Member, have a family relationship.”

“Form 990 is prepared and reviewed by an independent accounting firm and reviewed in detail by the Treasurer. The board then delegates review and approval of the 990 to the chairs of the Finance and Audit committees who must review and approve prior to filing. A copy of the 990 is sent to the board before it is filed.”

“Board members and officers complete a questionnaire disclosing any potential conflicts of interest on an annual basis. The board chair reviews the completed questionnaires and monitors compliance with the policy. Also, new board members disclose potential conflicts before joining the board. Should any potential conflicts of interest be disclosed, the board member or officer would be asked to refrain from participation in any deliberation or decision with regard to matters affected by the relationship.”

“The salary of the President is decided during the June Board meeting, taking into consideration a recommendation developed by the Presidential Appraisal Task Force which is composed of independent Board members. Any salary change is to be effective the following fiscal year. The Vice Chair shall notify the Secretary of the Corporation of any changes in the compensation of the President. The Vice Chair shall also provide a sealed record of the compensation comparable data reviewed and the basis for the compensation decision to the Secretary of the Corporation, to be opened only upon request of a subsequent Presidential Appraisal Task Force or upon order of the Board or the Internal Revenue Service. The recommendation prepared for the Board's consideration by the Presidential Appraisal Task Force will take into account the following factors: - The most recently completed performance appraisal. - The Board's obligation to consider all of the constituencies of the Corporations and the prudent stewardship of resources. - A review of the salary levels of chief executives in similar organizations in the Christian non-profit sector. - Any IRS rulings that are germane to InterVarsity's mission and purpose and/or type of organization. - A comparison of the President's salary relative to that of the InterVarsity Vice Presidents. - The opportunity to affirm the President's leadership and accomplishments in the setting of her/his compensation. - The value of the total compensation package. The approval is documented in the board minutes. The salaries of those reporting to the president (other officers) are determined by a job factor process for pay levels/internal relationships The President reviews these salaries with the Board Chair and Vice Chair.”

“The past 3 years of the organization's audited financial statements are available upon request and on the organization's website. The organization's conflict of interest policy and governing documents are available upon request.”

“The organization's Audit Committee assumes responsibility for oversight of the audit of its financial statements and selection of its independent accountant. This process has not changed since the prior year.”