Seva Foundation

“Wavy gravy and jahanara romney are husband and wife who both serve on the board.”

“An electronic version of the form 990 is distributed to all board members prior to filing. The treasurer is responsible for a thorough review.”

“Every board member, officer, committee chair, committee member and senior manager of the organization shall sign a conflict of interest statement that will be kept on file with the organization records. If any board member, officer, committee chair, committee member or senior manager of the organization has any direct or indirect interest in, or relationship to, any individual or organization which proposes to enter into a transaction with the organization, such person shall provide prompt written notice of such interest or relationship to the board of directors of the organization, and shall refrain from participating in any discussion or voting on that particular transaction and shall not otherwise attempt to exert any influence on the organization to affect the outcome of the decision making process.”

“The ceo/ed and the board have responsibility to ensure that salaries are fair and reasonable. Using appropriate market comparisons (local, regional, or national) for comparable positions in comparable organizations, seva will target salaries in the range from the 50th to the 75th percentile depending on performance and experience. All salaries must be approved by the ceo/ed or the coo. In specific cases, the ceo/ed or coo may approve salaries beyond the 75th percentile. Reasons may include specific advanced credentials, key position for strategic or growth reasoning, or inability to recruit at reported market level. Salaries in excess of the 75th percentile need to be reviewed with the executive committee. Salaries in excess of the 90th percentile need written rationale and prior approval of the executive committee. The salary of the ceo/ed is set by the executive committee using the same principles. Each year, the ceo/ed will review the salaries of the five (5) highest paid staff with the executive committee and the full board. Each employee's salary is determined at the time of hire. Adjustments are made at the discretion of the employee's supervisor in collaboration with the executive director. Cost of living adjustments (colas) if approved by the board in the annual budget will be implemented in july. New staff who are hired between march and june 30th of that year are not eligible for cola or merit increases until july of the following year.”

“Upon written request, the organization provides copies of financial statements and filed tax returns. The organization relies on guidestar to publish its tax return on the internet.”

“As in the previous year, a subcommittee of seva board members act as the audit committee to select and oversee an independent cpa firm to conduct the financial audit.”