Acdi Voca

“1.acdi/voca updated the designation of officers to also include the chief program officer, chief technical officer and chief integration officer. Further; the chief operating officer is no longer a position. 2.the salaries or other compensation of the officers that are not the president & ceo and who are not directors shall be approved annually by an executive compensation committee under the direction of the president & chief executive officer.”

“The return was prepared by the outside accountants and reviewed by senior management. A copy of the form 990 is circulated to all members of the board of directors for review and comment. This process is completed prior to acdi/voca filing its 990 with the irs.”

“Acdi/voca expects, via its conflict of interest policy, that all employees avoid situations or circumstances conflicting with the interests of acdi/voca, or engaging in activities given the appearance of such conflict. Accordingly, acdi/voca requires that all relationships and transactions be conducted in a manner free of any real or perceived conflicts with the interests of acdi/voca, including, but not limited to any transactions between individual employees as well as those between employees and individuals in other organizations or business concerns. Employees should review with the ethics committee or their supervisors, any activities they know, or can reasonably be expected to recognize, involve a conflict, possible conflict or the appearance of a conflict of interest. Employees participate in annual conflicts of interest training and are encouraged to report conflicts of interest and other ethics violations via acdi/voca's online reporting system, accessible by employees globally. Compliance with the policy is consistently monitored and confirmed annually. The ethics committee reviews submissions to determine the appropriate action. Annually, each board member is required to sign a "conflict of interest disclosure statement" certifying, inter alia, that neither they nor any member of their family is involved in a transaction or relationship with an entity or individual that presents, or may present, a conflict between their obligations to acdi/voca as its fiduciary and their personal, business or other interests. If involved in any such transaction or relationship, a board member must fully disclose such information on the form or in an attached written statement. The certification process is administered by the office of the president and ceo and is self-certifying by board members. Any conflicts disclosed to the office of the president and ceo are referred to the full board for review and appropriate action.”

“The board of directors met in executive session to discuss the president and ceo's performance during the february 2022 board meeting. The svp of human resources provides market salary information from four sources, along with the current salary grouping and salary increase charts in effect for that year. The ceo submits his list of performance measures for the current year, his accomplishments, and priorities for the next year. The board then recommends a salary action. The chairman of the board sends a memo to the svp of human resources to include in the ceo's personnel file. In 2022, the board reaffirmed the ceo's salary at it's current level. The board did not approve a salary increase for the ceo but did approve a bonus payment of 20k. The board of directors believes that the ceo's performance was outstanding. The increase, if applicable, is effective january 1 each year. The deliberation and decision process is contemporaneously substantiated in minutes to these meetings. Annually in january, the compensation committee reviews all officer & key employee compensation. The compensation committee comprises the president and ceo, the svp of human resources and the cfo. For purposes of officer compensation, the president and ceo and/or cfo is excused from discussion when necessary. The senior vp of hr provides market information, each officer or key employee provides a review of current objectives, accomplishments for the year, and priorities for the next year. A review of the salary grouping and salary increase structure is provided. The ceo makes the final determination. A copy of the review and salary adjustment, if any, is placed in each officer or key employee's employment folder. Any increases are effective as of january 1 of any given year.”

“Financial statements, conflict of interest policy and governing documents are available upon request for the same period of disclosure as set forth in section 6104(d).”

“Currency translation loss -1,202,096. Change in net assets without donor restrictions 1,956,290. Other losses -551,544.”

“The process for overseeing the audit of the financial statements and selection of an independent accountant that audited the financial statements has been consistent with prior years.”