Camfed USA Foundation

“The organization has one member, camfed international.”

“Camfed international has the right to appoint the board of camfed usa foundation.”

“The tax return was prepared by the outside accountants. The audit committee has the responsibility for reviewing the organization's form 990 (including all pertinent schedules) before it is filed with the internal revenue service. Once the audit committee has completed its initial review of the form 990, a conference call is scheduled with the executive committee (and the preparer of the form 990 if appropriate) to discuss any questions, comments, and suggested revisions identified by the audit committee. Any revisions to the form 990 are made as soon as feasibly possible to ensure that the form 990 is filed with the internal revenue service on a timely basis. After the form 990 has been reviewed by the audit committee, the audit committee makes a presentation at the next full board of directors meeting to update the full board regarding its review of the form 990. At this meeting with the full board of directors, it is not required for the audit committee to review all of their questions, comments, and suggested revisions; a summary of their more important points is sufficient. The organization will provide the final copy of the 990 to the board prior to filing with the irs.”

“Staff should avoid putting themselves in a position where their personal interests might conflict with their responsibility to camfed. Where such a potential conflict of interest does arise, staff should declare this in writing to their manager. If a member of the staff is unsure whether personal involvement in an issue represents a conflict of interest, he/she should discuss the matter with the line manager. The organization has also developed a conflict of interest policy for the board of directors, which includes annual disclosure and processes for enforcement.”

“The compensation process involved market research by an independent compensation consultant on the salaries and benefits of ceos of similar sized organizations in the same geographical area. This information was provided to the board of camfed usa foundation for approval. The decision and process is documented in the individual's personnel file. The most recent compensation review for the executive director was completed in december 2024.”

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

“Included in the total net assets without restrictions is $21,000,000 of board designated reserves. This fund is designated to protect the foundation's work commitments in the longer-term and to provide stable funding to support meeting current commitments on existing work if needed. During 2023, the board designated $13,700,000 to this reserve, which was utilized in 2024. During 2024, the board designated $21,000,000 to this reserve.”

“Uncollectable pledges -46,000.”