Dkt International Inc

“Form 990 review process the president, cfo, and members of the audit/finance committee review the federal form 990 against the audited financial statements to ensure accuracy and agreement between the two documents. The president and/or cfo pose questions to the tax preparer for clarification after the review by the finance/audit committee if necessary. The full board of directors reviews federal form 990 before it is filed with the internal revenue service.”

“Conflict of interest policy board members are required to complete the form initially and then review and revise periodically as relevant changes may be indicated by board members. A decision is made to determine whether the member must abstain in voting on any matters where the conflict may be an issue. Any employee, who believes he or she may have a conflict of interest with dkt, shall notify hr in writing. If said employee is the president, he shall notify the board of directors in writing. Hr and president shall analyze such possible conflict and if a conflict is found to exist, the proposed transaction shall not proceed without a careful analysis of alternatives not presenting a conflict.”

“Process of determining compensation the board of directors has in the past obtained comparability statistics from organizations of similar size and which have employees with similar levels of responsibility. They consider factors including prior experience, sector knowledge, seniority, and special skills needed for the particular position. Dkt has a compensation committee comprised of two (2) independent directors who determine the level of compensation of the ceo. There were no changes in the salary structure of the ceo during the year beyond a salary increase.”

“Availability of organizational documents financial statements, conflict of interest policy and governing documents are available upon request for the same period of disclosure as set forth in irc section 6104(d).”

“Dkt international, inc. Is a nonprofit corporation founded in 1984 in the united states for the purpose of designing and implementing family planning projects in developing countries. Dkt international, inc. And its affiliates (collectively referred to as dkt) direct social marketing programs mainly in developing countries but have also expanded to sell products in developed countries. Dkt is one of the world's largest providers of family planning, hiv/aids prevention and safe abortion products and services. All activities of dkt are funded primarily from product sales and from grants and contributions. Dkt is an international charity that is headquartered in district of columbia, but operates through its legal subsidiaries in countries around the world. These legal subsidiaries conduct the programmatic function of dkt, including the distribution of contraception products. Dkt international, the u.s. Headquarters is the primary funding agency of all the subsidiaries, and reporting just the operations of dkt international inc. Does not give the reader or the irs a full picture of the activities of the organization. Dkt has chosen to report the complete activities of dkt, including the operations of its many legal subsidiary corporations in order to enhance transparency to the reader. If reported on an unconsolidated basis, the u.s. Headquarters would report revenue of $56.6 million, comprised mostly from contributions with expenses of $50.7 million. Considering the activities only of the u.s. Entity of dkt, the public support percentage continues to be above the required minimum of 33 1/3% as required by irc 509(a)(2).”

“Number of individuals employed in calendar year the total number of u.s. Citizens receiving forms w-2 is 24 and the total employees worldwide that are not u.s. Citizens not receiving forms w-2 are 3,070. Therefore, the total employees for the organization worldwide is 3,094.”

“Foreign currency translation gain (loss) -14,743,881. Reversal of prior year provisions for bad debt 610,521.”

“Although the organization files as an exempt organization under section 509(a)(2), the organization has verified it would meet the public support test under section 170(b)(1)(a)(vi) and has therefore completed schedule b using special rule reporting.”