Context Global Development

“The Form 990 is provided to the Chair of the Board of Directors for review before being sent to the remaining board members before filing.”

“To ensure CBD operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax exempt status, periodic reviews are conducted. The periodic reviews include the following subjects: (1) whether compensation arrangements and benefits are reasonable, based on competent survey information, and the results of arm's length bargaining, and (2) whether partnerships, joint ventures, and arrangements with management organizations conform to CBD's policies, are properly recorded, reflect reasonable investment or payments for goods and services, further charitable purposes, and do not result in inurement, impermissible private benefit or in an excess benefit transaction. When conducting the periodic reviews, CBD may, but need not, use outside advisors. If outside experts are used, their use shall not relieve the Board of Directors of its responsibility for ensuring periodic reviews are conducted.”

“The Organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request at the address listed on Page 1.”

“Beginning in 2016, the Organization began teaming with development organizations and government agencies to maximize the value of agricultural resources in developing countries to accelerate innovations leading to meaningful and lasting change to improve the lives of smallholder farmers and society in general.”

“The Organization is tax-exempt under Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the Code) and is not a private foundation within the meaning of Section 509(a) of the Code. The Organization has analyzed its tax positions taken for filings with the Internal Revenue Service. It believes that its tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on its financial condition, results of operation or cash flows. The Organization may be subject to audit by the Internal Revenue Service; however, there are currently no audits for any tax periods in progress.”

“Contract Services : Program service expenses 2,346,898. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,346,898.”