Nli USA Inc

“Nli usa, inc. Has its form 990 prepared by an outside accounting firm and is reviewed by the audit committee. A complete copy is provided to all members of the organization's board of directors for their review and comment prior to filing. Any comments are addressed and resolved prior to filing.”

“The conflict of interest policy of nli usa, inc. Is applicable to all directors, officers, key persons, and others who have the ability to exercise substantial influence over the organization. The organization enforces the conflict of interest policy by monitoring known relationships, questionnaires, and noting changes in disclosed information. Any conflict is reviewed by the board before a decision is made as to whether to approve the transaction. If a potential conflict arises, the interested person discloses all material facts to the board of directors, in a written statement or orally at a meeting of the board. The disclosure is documented in the minutes of the meeting. The interested person is recused from participating in any board or committee deliberation or vote related to the transaction or arrangement. Each director, officer, and key person annually signs and submits a written statement disclosing the existence of any potential or actual conflicts of interest, and discloses the nature of any existing controlling interest, financial interest, ownership interest, and/or significant relationship. Signed disclosure statements are provided to the organization's secretary who provides them to the chair of the audit committee.”

“The chief executive officer's compensation was determined using comparability data and approval by the board. The process last occurred in 2024 during the budget approval process.”

“The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. In addition, the financial statements, conflict of interest policy, articles of incorporation and by-laws are also available upon written request.”

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

“The organization contracted with a professional employer organization (peo) for services, including but not limited to, payroll, timekeeping, employee benefits, hr administration and workforce regulatory compliance needs. As the employer of record for tax purposes, forms w-2 and w-3 are issued by the peo and filed under the peo's federal ein. In this co-employment arrangement, the organization is the common law employer and, accordingly, compensation is reported on form 990, part vii, section a and part ix, lines 5-10.”