Ashoka

“Ashoka has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. The controller and cfo reviews the form 990 after the draft is prepared. Once approved by the controller and cfo, the cfo forwards the 990 to ceo and president for review. Any comments or updates given to cfo by the ceo and president are passed along to the accounting firm. The accounting firm reviews the comments and makes changes as needed. The updated 990 is given to board secretary who distributes the draft 990 electronically to full board of directors for review before filing with the irs.”

“Ashoka currently has in place a conflict of interest policy that applies to board members, officers, and key employees, which it annually monitors and enforces. The board currently mandates that all members of management and the governing body annually sign a conflict of interest policy and disclose any potential or actual conflicts that may exist. If a potential or actual conflict of interest exists, the interest party shall leave the Board or Board Committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining Board or Board Committee members shall decide if a conflict of interest exists. The minutes of the Board and all Board Committees shall contain: (a) the names of the persons who disclosed or otherwise were found to have a Financial Interest in connection with an actual or possible conflict of interest, the nature of the Financial Interest, any action taken to determine whether a conflict of interest was present, and the Board's or Board Committee's decision as to whether a conflict of interest in fact existed; and (b) the names of the persons who were present for discussions and votes relating to the transaction or arrangement, the content of the discussion, including any alternatives to the proposed transaction or arrangement, and a record of any votes taken in connection with the proceedings.”

“At Ashoka salaries are set by using a salary framework for that country, which is developed by an external consultant that uses market/industry information to determine the salary ranges for each of our levels. This salary framework is applied to all employees' salaries, including the ones of the Leadership Team (including CEO) and senior leaders. Any compensation changes for the CEO have to be approved by the board, and any compensation changes for the two other members of the Leadership Team (President & Latin America Diamond Leader) have to be approved by the CEO. Any compensation changes for senior leaders are to be reviewed and approved by the Leadership Team member who is their Accountability Partner (manager). Once the performance review decisions are finalized, we communicate this to all senior leaders and the Leadership Team in writing (letter format). This process was last undertaken in FY17.”

“Ashoka makes its governing documents, conflict of interest policy, financial statements and Form 990 available for public inspection as required under section 6104 of the Internal Revenue Code. the information is available upon written request at 1700 North Moore Street, Arlington, VA 22209. The Form 990 is also available to the public on www.Guidestar.org and on Ashoka's website.”

“Ashoka is a not-for-profit, publicly supported citizen sector organization incorporated on June 3, 1980 under the laws of the District of Columbia. Ashoka envisions a global community that responds quickly and effectively to social challenges, where everyone has the freedom, confidence and societal support to address any societal problem and make change. This global community spreads innovation and the desire to change, such that everyone finds within themselves the potential to be changemakers. Previously, Ashoka reported the financial activities of its global affiliates as part of its Form 990. These affiliated groups included organizations located in East Asia, Southeast Asia, South Asia, Africa, South America, Mexico/the Caribbean Basin/Central America, Europe, North America, and Middle East/North Africa. These related parties are being shown on Schedule R, Part II and their financial activity is not included in the Form 990.”

“Professional Fees: Program service expenses 674,163. Management and general expenses 0. Fundraising expenses 0. Total expenses 674,163. Purchased Services & training fee: Program service expenses 693,978. Management and general expenses 22,918. Fundraising expenses 10,943. Total expenses 727,839. Consulting Fees: Program service expenses 290,257. Management and general expenses 371,083. Fundraising expenses 215,716. Total expenses 877,056. Temporary Help: Program service expenses 33,990. Management and general expenses 0. Fundraising expenses 0. Total expenses 33,990.”

“Foreign Translation Loss 8,842. Write-off of Bad Debts -95,814. intercompany eliminations -13,385.”

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