Global Outreach International Inc

“The form 990 is prepared by an independent accounting firm based on information provided by the organization and in consultation with the organization's staff. The form 990 is reviewed by the internal affairs committee members and governance committee members for approval. If changes are required, management will then forward these changes to the accounting firm and a final version will be distributed to board members prior to submission to the irs.”

“The organization has a conflict of interest policy applicable to directors, officers, and members of committees with board-delegated powers or any other individual in a position to exercise substantial influence over the affairs of the corporation who has a direct or indirect financial interest. In connection with any actual or possible conflicts of interest, an interested person must disclose the existence of his or her financial interest and is given the opportunity to disclose any material facts to the directors and members of committees with board-delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she leaves the board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members decide if a conflict of interest exists and how to proceed regarding the matter. Each director, officer and member of a committee with board-delegated powers must complete a conflict of interest disclosure statement on an annual basis.”

“Line 15a: the ceo's salary was set based on a salary study facilitated by the organization's human resources director. Resources for this study included the society for human resource management, the evangelical council for financial accountability, payscale.com, and salary information from several local organizations. Though this process, salary comparisons were made to organizations with similar operating budgets and number of employees. Annual changes in the ceo salary are suggested and approved by the board of directors. Line 15b: the compensation of home office employees, including the vice president of finance, is determined with reference to historical compensation trends and market demand. The salary of the vice president of finance was approved by the ceo and the board of directors as part of the annual budget approval process. The annual process last occured in 2024.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“The organization has a 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.”