Ipas

“The executive committee shall serve primarily in a consultative role for the president and chief executive officer to address issues and matters which arise between regularly scheduled board meetings. The ceo shall be reviewed and evaluated annually on his/her performance and the corporation's performance by the executive committee. The executive committee shall not be empowered under any circumstances to: a. Authorize distributions; b. Recommend to members or approve dissolution, merger or the sale, pledge, or transfer of all or substantially all of the corporation's assets; c. Elect, appoint, or remove directors or fill vacancies on the board of directors or on any of its committees; d. Adopt, amend, or repeal the articles of incorporation or the bylaws; or e. Transact any other activity which the board of directors has prohibited or is illegal. As the board's first order of business all executive committee actions shall be reviewed and voted upon at the first regular or special board meeting immediately after action is taken by the executive committee.”

“The form 990 was prepared by the outside accountants and reviewed by the audit committee, finance committee, and board chair. The full board receives a copy of the 990 before it is filed with the irs.”

“On a semi-annual basis, each member of the board of directors and senior staff signs a conflict of interest statement, which are kept in the executive office of the president. The executive committee ensures that each member is in compliance with the policy. If any action of a director, officer, key employee or committee member presents a real or perceived conflict of interest, that individual discloses the conflict. If the board determines that the individual has a conflict of interest, the individual is removed from the decision making process.”

“In a restructure undertaken at ipas effective fy21, the executive team elected to forfeit an average of 6% of compensation paid to officers and key employees. Ipas engaged the services of an attorney and independent compensation consultant to review the legality of this action and ensure the recommended forfeitures would not compromise salary benchmarks as recommended by current market data. This action was reviewed and accepted by all board members in june 2020. The chief executive officer's compensation was discussed by the board on october 7, 2020, who subsequently made a motion to restore the chief executive officer's salary all or in part. The chief executive officer declined the restoration of salary in compliance with stated ipas financial objectives.”

“The organizations governing documents, conflict of interest policy, and financial statements are made available to the public upon request.”

“Bangladesh, bolivia, cote d'ivoire, dem. Rep of the congo, ethiopia, indonesia, kenya, malawi, mexico, mozambique, myanmar, nepal, nigeria, pakistan, south africa, zambia”

“Other professional fees: program service expenses 5,260,711. Management and general expenses 1,495,323. Fundraising expenses 10,587. Total expenses 6,766,621.”

“Foreign currency gain 454,935.”

“The process for selecting an independent accountant has not changed from the prior year.”

“During the year ended june 30, 2021, management determined that net assets june 30, 2020 were overstated due to the improper inclusion of an entity in the consolidated statements. Adjustments were made to remove the activity and beginning net assets for ipas development foundation (idf) as of july 1, 2019. The prior period adjustment summarizes the impact on the consolidated financial statements as of and for the year ended june 30, 2020.”