Adventist Development and Relief Agency International

“The 990 is reviewed internally by the controller and the cfo. The finance committee, which is a subcommittee of the adra board , reviews the form 990 prior to filing, per the terms of reference approved by the board. A copy will be provided to all board members before filing. Only the finance committee will be tasked with review and approval.”

“Conflict of interest statements are required to be filled annually by all employees and board members, and any new conflicts must be disclosed on a continuing basis. The statements are reviewed and dealt with on an individual basis to bring resolution to items disclosed. Adherence is reviewed by the general conference auditing service as a part of the annual policy compliance audit.”

“Adra adopts the compensation recommendation of the greater washington remuneration committee, which is comprised of members from multiple institutions, and independent persons. This recommendation relates to the compensation factors of the established wage scale and is applicable for all exempt positions. There is no separate process or compensation package for officers or directors. Adherence to compensation policy is reviewed by the general conference auditing service in an annual policy compliance audit.”

“Adra does not make available to the public its governing documents and conflict of interest policy. Financial statements are provided on the adra website.”

“In connection with its ongoing relationship with usaid and the regulatory provision for its negotiated indirect cost rate agreement (nicra), adra has been involved in a process to finalize provisional rates, settle any resulting adjustments as needed and close those grants affected. Adra has finalized rates through 2019 and has been given new provisional rates for the years 2020 and onward until amended. Adra is currently reviewing the closing process for the years finalized, and is analyzing the subsequent years in which only preliminary rates exist. A nicra provision for a total of $10,100,000 was recorded for 2019 and 2020 as an estimated liability for nicra pending finalized rates. While additional expense may result after final adjustments, adra does not believe the net amount will be material based on the current analysis.”

“Change in value of split interest agreements 253,614. Refund of prior years' grants 140,213.”

“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.”