International Literacy and Development

“Form 990 is prepared by an independent accountant and reviewed by the organization's top management and board of directors prior to filing.”

“All board directors, principal officers, and/or committee members are required to sign a conflict of interest disclosure form on a periodic basis. The board monitors these forms and any disclosures made; upon disclosure of a conflict the board allows the individual to provide all information related to the conflict of interest in question, and then dismisses the individual as they discuss the facts and make a determination of whether or not a conflict of interest exists. If it is found that a conflict does exist the interested party is excused from all discussions and voting related to it. In addition the board will do due diligence in appointing a individual, with no conflict of interest, to look into and present to the board any reasonable/comparable alternative. All of this is documented and kept on file in the board minutes.”

“In determining the COO's compensation, the independent Board uses comparability data from multiple sources including extensive knowledge on the board of similar organizations' practices. They also use two industry recognized compensation surveys. The independent board approves the COO's compensation and all staff compensation as part of the budgeting process. The process used and decisions reached are documented in the board minutes. The organization does not have any other compensated officers and therefore line 15b is answered no in accordance with the instructions.”

“The organization's governing documents, conflict of interest policy, and financial statements are available upon request.”

“In order to help the farmers invest in their agricultural activities, ILAD is providing financial services such as savings and micro- loans through the Rural Agricultural Development Program. The program also offers financial education and helps each client with business plans and assessment of their use of the loan. In 2015, the program had 71 new subscribers and now provides over 240 people access to savings services and 120 farmers received loans to invest in agricultural activities. The typical 4-month loan of $150 can provide an income of $350. A typical 14-month $150 loan can provide $550 in income for these farmers. Also in 2015, ILAD team members have provided literacy classes for 60 people, primarily women, in their own language. Through a collaboration with parents and rural public schools in Togo, ILAD provided 250 school kits with basic school supplies to elementary students. Other ILAD team members among 3 other people groups are involved in language and culture research within their local contexts and will be identifiying needs for development in these new projects.”

“The organization has a committee that assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This process has not changed from the prior year.”