The Lambi Fund of Haiti

“A full review of the form 990 is conducted by the board of directors, the executive director and the finance manager before it is filed with the irs. The form 990 is distributed both electronically and in paper form to the full board of directors by the executive director for review, prior to board approval.”

“The organizations conflict of interest policy is applicable to the board of directors and all highly compensated employees of the organization. Any director or senior employee who has a direct or indirect financial and/ or personal interest, and has the ability to influence a transaction or business arrangement, must disclose their potential conflict of interest, and all material facts, to the board of directors. After disclosure of the potential conflict of interest and after discussion with the interested party, the individual will leave the board meeting while determination of a potential conflict of interest is discussed. The board chair can, if appropriate, appoint a disinterested party or committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the board of directors will determine if the organization can obtain a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict. If a more advantageous alternative is not possible, the board, by majority vote, will determine if the transaction or arrangement is in the best interest of the organization. The minutes of the board meeting and of all related commitees with board designated powers will contain the names of persons disclosing an actual or possible conflict of interest, the nature of the interest, any action taken to determine if a conflict of interest exists, and the board decision as to whether a conflict existed. Additionally, the names of all present for discussions and voting relating to the transaction or arrangement, the content of the discussion and record of the votes within the proceedings are also documented in the board minutes. If the board of directors has reason to believe that a director or employee has failed to disclose an actual or potential conflict of interest, the individual will be informed, and given an opportunity to explain the failure to disclose. If it is determined by the board of directors that the person has failed to disclose an actual or possible conflict of interest, appropriate disciplinary and corrective action will be taken. Each member of the board of directors, member of a board committee, and senior employee of the organization will annually sign a statement that confirms that the individual has received a copy of the conflict of interest policy, they have read and understood the policy, and that they agree to comply with the policy. The disclosure forms are retained within the organizations book and records.”

“The process used by the lambi fund of haiti for documenting compensation of the executive director is:1. The lambi fund of haiti staff compiles a survey on compensation paid by similarly situated organizations for comparable positions and provides the data to the executive commitee of lambi fund of haiti. The organization uses the charity navigator website to obtain comparable executive compensation data.2. The executive committee reviews the comparability data. 3. The executive committee compares the proposed salaries for the employees with the comparable data and determines the reasonableness of the proposed compensation package. If the committee determines the reasonable compensation is higher or lower than the range of comparable data obtained, they articulate the basis for the determination.4. The executive committee takes the item to the board for approval.documentation includes: a. List of disqualified employees with their respective compensation package reviewd by the executive committee. B. The names of members present during the discussion on the issue and who voted on it. C. Comparability data relied upon by the executive committee and how the data was obtained. D. Basis for the determination of reasonableness this process was last undertaken in 2016. After 2016, the executive directors salary decreased due to financial constraints. The salary was determined to be reasonable.”

“The form 990 is available for public inspection as required under section 6104 of the internal revenue service code as it is posted in guidestar.org and other similar websites. In addition, form 990 and 1023, as well as the financial statements, conflict of interest policy, articles of incorporation, and by-laws are available upon written request of the organization at 1050 connecticut avenue nw, suite 500, washington, d.c. 20036, or by calling the organization at 202-772-2372.”

“Executive director, josette m. Perard, is a salaried employee of the organization at the haiti location. Ms. Perard resides in haiti and received her compensation at that location, which does not require w-2 or 1099-nec reporting.”

“Form 990, part i, summary, line 1 - organizations mission or most significant activitiesthe lambi fund of haitis mission is to work with local organizations in haiti to support efforts to change the living conditions of rural communities in a context of democracy, social justice and sustainable development. The lambi fund of haiti sets its priority focus on rural farming. They are as follows: sustainable development, animal husbandry, environment, alternative economy, and training/ capacity building/ advocacy. The lambi fund supports the specific project development and in addition provides training and eduction specific to each project to build organizational capacity and skill sets needed for longevity and sustainability. -form 990, part iii, line 4a first accomplishmentsustainable development and animal husbandryin 2024, lambi fund of haiti aided 3 organizations in its goat and sheep breeding endeavor. This project seeks to aid in improving the farmers quality of life and promotes self-sufficiency. The peasant organizations who received aid from lambi fund of haiti used funds to purchase sheep and goats. During the year, the peasant organizations received training and education to ensure proper care and treatment of the animals. Training are provided in both formal and informal settings to increase the likelihood of success. Members, also, have access to a veterinary techician to guide and instruct as needed. In addition, the members utlized funds to purchase medical supplies for preventing and treating the most common diseases, typically, experienced amongst the goats and sheep. As a result, the members experienced very minimal loss of their livestock. Hence, their livestock successfully multipled which allows the members to expand and add new members. -form 990, part iii, line 4b - second accomplishmentalternative economyin 2024, lambi fund of haiti supported womens autonomy in creating economic opportunities. The members of the organizations were given a credit to aide in the start-up of their small economic venture. The beneficiaries purchased all kinds of goods and products such as shoes, clothing, household goods, hygiene products, and other basic necessities to resell. Prior to the start of the funded projects, there were about 50 members who attended training on the topics of credit portfolio management and how to manage their trade. The members learned necessary and fundamental tools that aimed in promoting their success. In southern haiti and the area of latibonite, 5 organizations were given funding to launch their endeavors. Lambi fund of haiti monitored the organizations and offered consultation services as needed.lambi fund of haiti has not imposed its reimbursement terms on the oranizations in orders to minimize any financial constraints. -form 990, part iii, line 4c third accomplishmentemergency/disaster reliefthe needs after a disaster is consistently present. Haiti often experiences natural disasters that makes its pre-existing issues more challenging. Haiti is located in a region where it is prone to tropical storms, hurricanes, and earthquakes. Therefore, natural disasters are both unavoidable and inevitable.due to the lack of funding, lambi fund of haiti assisted 1 organization to rebuild their farms/ gardens. The funds were used to buy seedlings, tools, and other farming essentials. Recovery time varies and, oftentimes, gradual. The countrys overall lack of resources and political unrest contributes to the gradual recovery process timeframe. As a result, those affected are rarely fully restored but the aid helps farmers/members of these peasant organizations return to its operation. -form 990, part iii, line 4d fourth accomplishmentenvironmentfunding has continued to decline in 2024. Consequently, lambi fund of haiti did not have much resource at its disposal to support the great need of combatting degradation and deforestation. Nonetheless, lambi fund of haiti continued to monitor the peasant organiza”

“The executive director and the board of directors are responsible for the selection of the outside accountant and for the oversight of the review and compilation of the financial statements. The process has not changed in the past year.”