Pathfinder International

“George kahrl family relationship benjamin r. Karhl family relationship julia g. Karhl family relationship walter j. Gamble, md family relationship susan m. George family relationship alfred w. Tate family relationship ralph s. Tate family relationship”

“The completed form 990 is reviewed by the controller, cfo and ceo. Prior to filing, the report is submitted to the entire board of directors for review. The board of directors is given 10 days to review and comment on the form 990. Any changes are incorporated in the final form 990 which is filed with the irs.”

“Yes, pathfinder international does monitor and enforce compliance with its conflict of interest policy. Pathfinder international is committed to the highest levels of integrity. According to the board approved conflict of interest policy, all directors, officers and employees are expected to conduct their relationships with each other, pathfinder international, outside organizations, contractors, vendors and grantees with objectivity and honesty. Pathfinder international directors, officers and employees are obligated to avoid and disclose ethical, legal, financial or other conflicts of interest involving pathfinder, and remove themselves from a decision-making authority with respect to any conflict situation that involves pathfinder. All individuals are required to disclose any interest or activity that influences or appears to influence the ability of the individual to exercise objectivity or impairs the individual's ability to perform his or her responsibilities in the best interest of pathfinder international. Upon commencement of employment, or, in the case of directors, upon election to the board of directors, and annually thereafter, all individuals are required to complete and sign a conflict of interest statement of disclosure. The disclosure affirms that the individual: - has received a copy of pathfinder international's conflict of interest policy; - has read and understands the policy; - has agreed to comply with the policy: and - understands that pathfinder international is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.”

“The organization's compensation practice is intended to be fair, reasonable and competitive. It is designed to recruit, retain, and motivate qualified individuals who can lead the organization to achieve its objectives and fulfill its mission. The pathfinder international board of trustees delegates to the compensation committee of the board the responsibility for overseeing executive compensation, with the primary objective of insuring that pathfinder's executive compensation is reasonable as compared to other executives in similar organizations. In alignment with the irs guidelines, pathfinder's compensation committee: 1)is an independent, authorized body, without conflict of interest, that gives compensation guidance to both the ceo for his/her direct reports and other executives and to the executive committee regarding compensation for the ceo. 2)annually utilizes the services of an independent, external consultant who provides comparable compensation data on executive at other organizations, including both for-profit and non-profit sectors. 3)routinely documents the information and discussions leading up to their recommendations, in the form of detailed minutes taken during committee meetings. The compensation committee of pathfinder international has two primary responsibilities: 1)insuring that pathfinder's executive compensation is reasonable as compared to the compensation of other executives in similar organizations. 2)establishing a process by which executive performance evaluations are performed, with the goal of insuring that executive performance evaluations happen on a timely basis and are thoroughly done, including - but not limited to - such considerations as the over-all performance of organization, the performance against pre-established personal objectives, 360 degree performance evaluation feedback and direct interaction. 3)an annual update on the status of the 457 retirement plans for all eligible employees, as presented by the hr executive. Executive compensation process the compensation committee meets several times each year during which the following activities take place: - a comprehensive review, provided by the hr executive, on the value of all elements of the compensation packages for each executive, including base salary, health benefits, applicable retirement programs and other related items. - a detailed review of the analysis from the external compensation consultant, which is summarized and shared with the ceo and the executive committee. - the creation of recommendations regarding reasonable compensation for the ceo and all other executives, which are then shared with the executive committee and the ceo, respectively. - an annual review of the compensation and evaluation processes, with adjustments implemented as necessary.”

“The form 990 is available on our own website, upon request, and also available through guidestar and the massachusetts attorney general's website. The policies are posted on pathfinder's extranet. The financial statements are available upon request.”

“Number of voting members of the governing body: pathfinder's executive committee: there shall be an executive committee of the board of directors which shall have no more than ten (10) members nor fewer than four (4) members (all of whom should be directors and which shall include the chairperson of the board of directors, who shall also serve as chairperson of the executive committee; the treasurer; and the secretary) and shall have such powers and duties as are hereinafter set forth. The members of the executive committee shall be elected by the board of directors at the annual meeting for a one (1) year term. The executive committee shall meet at the call of the chairperson of the board or any two members of the executive committee. A majority of the members of the executive committee constitutes a quorum. The executive committee may exercise all the functions of the board of directors in the routine management of affairs of the organization during the intervals between the meetings of the board. All actions of the executive committee shall be reported to the board of directors at the next directors' meeting which follows the executive committee action. Below are the executive committee members during fiscal year 2014 (all are members of the governing body) ms. Cynthia fields ms. Jane l. Havemeyer mr. Benjamin r. Kahrl mr. Edward m. Kaplan, esq. Ms. Elisabeth l. Lyon mr. James m. Schwartz mr. Ralph s. Tate dr. Manuel urbina dr. Henry w. Foster, jr (emeritus) ms. Kathryn h. Lansing (emeritus)”

“Average hours per week of board of directors: each board member is on at least one committee. Committee participation at a minimum entails one (1) call per quarter that lasts an average of two (2) hours. Preparation and follow up time averages an additional two (2) hours. This adds up to an annual total of 16 hours. Board members attended three (3) board meetings during the year.”

“Gain on split-interest agreements 186,429.”

“Reclassification of inventories - held for others: certain reclassifications have been made to the prior year financial statements in order to conform with current year presentation. Inventory held for others has been reclassified totaling $8,614,484 for year ended june 30, 2013. The inventory held for others is an agency transaction and is disclosed in note 8 in the notes to consolidated financial statements.”