Nsf International

“Prior to the filing of the 990, a completed copy of the 990 is posted on the board of director's website. All Board Members have access to the 990 and can download and review the document. The audit/finance committee (comprised of members of the board of directors) is responsible for monitoring this process and for confirming that the 990 is posted to the website in a timely manner.”

“Each year, all officers and directors must specifically state, in writing, any potential conflicts of interest that they may have. These documents are kept as part of the permanent board records, and all potential conflicts are reviewed by human resources. In addition, all employees are required to undergo an online training course annually. As part of this training course, all employees are reminded of the conflict of interest policy, and are told to report any conflicts of interest to human resources.”

“Each year during the January board meeting and after the publication of the prior year financial results, the compensation committee (comprised of members of the board of directors) reviews the compensation of all corporate officers and board members and recommends adjustments to compensation, as necessary. The full board of directors reviews the recommendations of the compensation committee and approves adjustments to compensation, if deemed appropriate. This compensation review/recommendation/approval process was last done in January 2013. In addition, compensation studies are performed periodically by an outside firm to assist the compensation committee in the review of officer's compensation. The last study was performed in May 2011; the next one is planned for sometime in mid-2015.”

“Governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

“Intercompany Expense: Program service expenses 7,839,316. Management and general expenses 0. Fundraising expenses 0. Total expenses 7,839,316. Training/Consulting: Program service expenses 978,112. Management and general expenses 1,589. Fundraising expenses 0. Total expenses 979,701. Subcontractor Costs: Program service expenses 5,721,864. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,721,864.”

“Non-Controlling/Minority Interest in Joint Venture 243,863. Changes in Benefit Plan Obligations 3,624,389. Foreign Currency Translation Loss -353,903.”