Development Gateway Inc.

“The form 990 was prepared by the outside accountants. The director of finance then reviewed the completed 990 in order to ensure accuracy and consistency with the audited financial statements. The form was then reviewed by the ceo. The entire board reviewed the form 990 prior to filing with the irs.”

“The organization has a conflict of interest policy in place for all employees and board members, each of whom who sign a compliance statement on a yearly basis. If a perceived or potential conflict of interest is reported with respect to an employee (by the employee, colleague or outside party) to any member of the management team, the organization conducts a confidential investigation to determine the best course of action, which in some cases may include disciplinary action, up to and including termination of employment. If the board or committee has reasonable cause to believe that a member has failed to disclose actual or possible conflicts of interest, it informs the member of the basis for such belief and affords the member an opportunity to explain the alleged failure to disclose. If, after hearing the response of the member and making such further investigation as warranted in the circumstances, the board or committee determines that the member has, in fact, failed to disclose an actual or possible conflict of interest, it takes appropriate disciplinary and corrective action.”

“Dg's executive committee (e.c.) met to consider the initial annual compensation of the ceo. As part of this process, the e.c. Developed and reviewed data showing the compensation paid to ceos of like organizations. Each of the organizations surveyed was exempt from federal income taxation under section 501(c)(3) and had similar annual budgets in terms of total expenses. Eight of the nine organizations were involved in international activities and a majority were located in the d.c. Area. The decisions of the e.c. Were duly documented and recorded in the meeting minutes. Subsequent changes to ceo compensation were made by the chair. The compensation review for other officers and key employees was conducted by the ceo. The last compensation review took place in july 2017.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“During the year, the organization entered into an agreement for the sale of the rights, title and interests of dgmarket.”

“Dg market program consulting: program service expenses 107,643. Management and general expenses 0. Fundraising expenses 0. Total expenses 107,643. Amp program consulting: program service expenses 374,319. Management and general expenses 0. Fundraising expenses 0. Total expenses 374,319. Grant funded program consulting: program service expenses 2,450. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,450. Aiddata program consulting: program service expenses 249,104. Management and general expenses 0. Fundraising expenses 0. Total expenses 249,104. Dg client research project consulting: program service expenses 1,050,500. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,050,500. Zunia program consulting: program service expenses 5,866. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,866. Other contract services: program service expenses 0. Management and general expenses 171,366. Fundraising expenses 69,146. Total expenses 240,512. Staff recruiter: program service expenses 152. Management and general expenses 3,773. Fundraising expenses 0. Total expenses 3,925.”

“Prior period adjustment 580,182.”

“During the year ended june 30, 2017, certain award agreements previously treated as contracts were determined to be assitance transactions. Accordingly, the temporarily restricted net assets balance as of the beginning of the fiscal year were restated and increased by $557,850. In addition, there was a change of accounting treatment and unrestrcited net assets were restated and cummulatively increased by $21,649.”