Water Foundation

“The audit committee reviewed and approved the water foundation's annual tax returns before submission to the irs. Any significant findings have been discussed with the full board. The full board received a copy of the completed form 990 before filing.”

“1. Annual distribution of the policy and disclosures is furnished annually to all incumbent and incoming directors and officers. Each director and officer shall annually sign a statement that affirms that he or she has received a copy of the policy; has read and understands the policy; and has agreed to comply with this policy. Each year each director and officer shall file a statement with the board of directors that lists: (1) any outside employment or consulting work that could constitute a conflict; and (2) any board membership or affiliation with other organizations that could constitute a conflict. Each director and officer must also list his or her investments in any corporation, partnership, trust or fund in which he or she, together with members of his or her family, has directly or indirectly a greater than 35% ownership interest, regardless of whether such investments could constitute a conflict. 2. Disclosure of all conflicts and potential conflict including all material facts concerning any situation that might be viewed as a conflict shall be disclosed to the board of directors by the director or officer concerned. 3. Procedures necessary to approve any conflict. No director of officer may be present for a vote by the board of directors on any decision or action by water foundation for which the board of directors has determined that the director of office has a financial or non-financial conflict of interest. 4. Additional procedures necessary to approve a conflict involving a material financial interest. The board of directors shall not approve any transaction to which the water foundation would be a party and in which the board of directors has determined that a director or officer of wf has a conflict of interest involving a material financial interest unless and until the board of directors has specifically and in good faith determined after reasonable investigation that: (a) the board is aware of all material facts concerning the transaction and the director or officer's interest in the transaction; (b) wf is entering into the transaction for its own benefit; (c) the transaction is fair and reasonable as to wf and (d) wf could not have obtained a more advantageous arrangement with reasonable effort under the circumstances.”

“The salary or other compensation of the ceo [and chief financial officer] of the corporation and the manner and time of the payment thereof shall be fixed and determined by the board of directors. The board of directors shall review the compensation packages, including all benefits, of the ceo [and chief financial officer] of the corporation, and shall approve such compensation only after determining that the compensation is just and reasonable. This review and approval shall occur when each such officer is hired, when the term of employment of such officer is renewed or extended, and when the compensation of such office is modified, unless the modification applies to substantially all of the employees of this corporation. Directors, officers, and members of committees shall not be entitled to compensation for their services as such, although the board of directors may authorize, by resolution, the advance or reimbursement to a director of reasonable and actual expenses incurred as a director, such as for attending meetings of the board and board committees.”

“Any audited financial statements obtained by this corporation shall be made available for inspection by the attorney general and the general public within nine months after the close of the fiscal year to which the statements relate, and shall remain available for three years (1) by making them available at this corporation's principal, regional, and district offices during regular business hours and (2) either by mailing a copy to any person who so requests in person or in writing or by posting them on this corporation's website.”

“Professional services and contract fees: program service expenses 3,179,750. Management and general expenses 169,136. Fundraising expenses 33,827. Total expenses 3,382,713.”