Kiwanis International Foundation Inc.

“Process to review form 990: the organization engages an outside accounting firm to prepare its form 990. Once the form 990 is prepared by the accounting firm and reviewed by management (executive director, coo, cfo and controller), the final form is provided to the entire board of directors via email prior to filing.”

“Monitoring and enforcement of compliance with c.o.i. Policy: each board member is required to read the conflict of interest policy and disclose conflicts of interest on a form signed by them. These conflicts are then closely monitored by the board and the coo. If conflicts arise, the board members must disclose the conflict, and abstain from discussion and voting on the items in which they have conflicts.”

“Process to review president, officer, and key employee compensation: a salary band for the positions is created that reflects compensation based upon level of duties, responsibilities, experiential requirements, and specific training or skills along with a comparison to equivalent positions taking into account the demographics of the location of the position. The board of trustees determines the compensation based on how the individual meets the criteria of the position and on the level of performance of the duties and results achieved. All positions have a corresponding salary band determined similarly to the executive director band. The executive director determines the salary of all of the officers or key employees based on similar criteria established by the kiwanis international human resources department. The most recent compensation review data was obtained from outside sources per the human resources department in may 2019 with the results delivered to kcf in january 2020.”

“Availability of governing documents, coi policy and financial statements: governing documents, conflict of interest policy, and financial statements are available upon request in published form. In addition, the financial statements are available on the organization's website.”

“Number of employees reported on form w-3: the employees of kiwanis international foundation are paid through a common paymaster. Form 990, part vi, section a, line 4 changes to the organizational documents: the articles were amended in august 2020 to state from time to time, the board may appoint an additional at-large trustee to address the needs or desires related to philanthropic skills, abilities, resources or representation, provided that not more than two such trustees shall serve on the board at any given time.”

“Other changes in net assets or fund balance: currency exchange and bad debts-uncollectible pledge $(5,739,921) changes in annuities payable $ (6,326) total $(5,746,247)”