Proveg International Incorporated

“The organization distributes the form 990 to members of the board of directors prior to filing with the internal revenue service for review to ensure all questions are answered correctly and all members are updated on the annual results of operations as reported to the internal revenue service.”

“If the board of directors has reasonable cause to believe an interested person has failed to disclose actual or possible conflicts of interest as required, it shall inform the interested person an opportunity to explain the alleged failure to disclose. If, after hearing the interested person's response and after making further investigation as warranted by the circumstances, the board of directors determines the interested person has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action. Each director, principal officer and member of a committee with board-delegated powers shall annually sign a statement which affirms such person: (a) has received a copy of the conflict of interest policy; (b) has read and understands the policy; (c) has agreed to comply with the policy; and (d) understands the corporation is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.”

“The executive director's compensation is decided by the board of directors and is based on comparable pay for other executive directors of organizations of comparable size. The decisions regarding the executive director's salary are documented in writing at the time of decision. Other officers and key employee compensation is decided by the board of directors and is based on comparable pay for other officers and key employees of organizations of comparable size. The decisions regarding compensation is documented in writing at the time of decision. The process was last conducted in november 2024.”

“The organization provides financial statements to the public upon request.”

“Proveg international undertook the following new programs based on funding, needs, and donor requests: the incubator programmatic investments, kickstarting for good, uk school plates, innovation challenge, vegan thesis, veggie challenge, and de leckeres fr alle.”

“The animal and vegan advocacy (ava) summit and the food4climate pavilion were discontinued in 2024.”

“Consulting services: program service expenses 940,792. Management and general expenses 145,267. Fundraising expenses 7,098. Total expenses 1,093,157. Employee recruiting: program service expenses 31,215. Management and general expenses 33,381. Fundraising expenses 0. Total expenses 64,596. Hr support: program service expenses 45,140. Management and general expenses 10,667. Fundraising expenses 0. Total expenses 55,807. Administrative support: program service expenses 0. Management and general expenses 150. Fundraising expenses 5,600. Total expenses 5,750. Employee training: program service expenses 1,900. Management and general expenses 2,035. Fundraising expenses 87. Total expenses 4,022. Translators: program service expenses 3,030. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,030. Designers: program service expenses 94. Management and general expenses 0. Fundraising expenses 0. Total expenses 94.”

“Impairment loss on programmatic investments -1,524,845.”

“The process has not changed from the prior year.”