Sil Lead Inc.

“The return is prepared by staff knowledgeable about the 990. Any questions requiring additional expertise are referred to our CPA firm. The final return is reviewed by the executive director, the controller of SIL International, and the board of directors before filing.”

“The board of directors, officers, and select employees respond to a questionnaire each year disclosing any potential conflicts of interest.”

“The executive director (outgoing), associate director (incoming), and secretary receive their compensation from Wycliffe Bible Translators and are seconded to SIL International. Wycliffe Bible Translators sets compensation periodically for its employees based on comparability data related to job position and living conservatively in an assigned location. SIL LEAD pays SIL International a contracted amount for the executive director (outgoing) and associate director's (incoming) full-time services. This amount is reviewed annually by the SIL LEAD Board of Directors. The executive director (incoming), who is also the outgoing associate director, and the treasurer receive compensation from SIL International and are seconded to SIL LEAD. SIL LEAD reimburses SIL International directly for all payroll-related expense. The process for setting the incoming executive director's salary was undertaken by the board in 2021 using comparability data related to similar positions held by other organizations of similar size in the region.”

“Governing documents and conflict of interest policy are made available to the public by request. Financial statements are published on the website, uploaded to Guidestar, and also made available to the public by request.”

“DBAs include LEAD; LEAD ASIA; Language, Education and Development; Literacy, Education and Development.”

“See note for Part IX, Line 7.”

“See note to Part VI, Section B, Line 15.”

“Lines 5-10 include amounts paid for leased employees, thus there is no W-3 traceable to these and they are not listed on Page 1, Line 6.”

“Other fees for services include: 1) program-related costs for literacy and linguistics consultants and professional services totaling $232,756; 2) program development services totaling $31,125; 3) state registration services totaling $5,550; 4) HR services totaling $3,743.”

“The board has established an audit committee which selects the audit firm, oversees the audit process, approves the audited financial statements and management comment letter, and meets with the auditor without management present at least once each year.”

“In FY21, SIL LEAD did not meet the threshold needed to require the audit as set forth in the Single Audit Act. However, to document compliance, an AUP engagement was initiated with our auditors related to our main government grants.”