Agribusiness Systems International

“Asi does not have any committees.”

“The form 990 was prepared by the outside accountants and submitted to the members of the governing body for their review and comment prior to filing with the irs.”

“Asi expects all its employees to avoid situations or circumstances conflicting with the interests of asi, or engaging in activities given even the appearance of such a conflict. Accordingly asi requires that all relationships and transactions between individual employees as well as those between employees and individuals in other organizations or business concerns be conducted in a manner free of any conflict with the interests of asi. Employees should review with the general counsel or, in his absence, with the president any activities they know, or can reasonably be expected to recognize, involve a conflict, possible conflict or the appearance of a conflict of interest.”

“Asi relies on a related organization, acdi/voca, to determine compensation. Acdi/voca's process is as follows: the board of directors met in executive session to discuss the president and ceo's performance during the june 2014 board meeting. The svp of human resources provides market salary information from three sources, along with the current salary grade and salary increase charts in effect for that year. The president and 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 president and ceo's personnel file. The increase, if applicable, is effective july 1 each year. The deliberation and decision process is contemporaneously substantiated in minutes to these meetings. Annually in december, the human resources committee reviews all officer & key employee compensation. The human resources committee comprises the president and ceo, the coo, and the svp of human resources. For purposes of officer compensation, the coo is excused from discussion. The svp 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 grade and salary increase structure is provided. The president and 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).”

“Other professional fees: program service expenses 1,719,915. Management and general expenses 94,281. Fundraising expenses 0. Total expenses 1,814,196.”

“Change in value of arfc investment 561. Adjustment for project overrun -29,728.”

“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.”