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 organization has a conflict of interest policy in place for all employees and board members, each of whom 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 employemnt. 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 (ec) met to consider the initial annual compensation of the ceo. As part of this process, the ec 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 ec were duly documented and recorded in the meeting minutes. Subsequent changes to ceo compensation are made by the chair. The compensation review for other officers and key employees is conducted by the ceo.”

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

“Subcontracted services: program service expenses 3,124,357. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,124,357. Contracted services: program service expenses 2,650,218. Management and general expenses 184,330. Fundraising expenses 0. Total expenses 2,834,548.”

“Dg has not changed either its oversight or selection process during the tax year.”