El Porvenir

“The form 990 is prepared by the accounting firm that performs the organization's audit, and a draft is reviewed by the organization's accounting staff and executive director, and then reviewed by the finance committee. The return is then presented to the full board, before the return is filed with the irs.”

“El porvenir discusses the policy annually at the retreat and has every board member sign a new conflicts of interest disclosure form. Each director annually completes a disclosure form identifying any relationship, position or circumstances in which she or he is involved that he or she believes could contribute to a conflict of interest. Prior to board action on a contract or transaction, a director having a conflict of interest and who is in attendance at the meeting must disclose all facts material to the conflict of interest. The disclosure must be reflected in the minutes of the meeting. A director who plans not to attend a meeting at which he or she has reason to believe that the board will act on a matter in which the person has a conflict of interest must disclose to the board chair all facts material to the conflict of interest. The chair must report the disclosure at the meeting and the disclosure must be reflected in the minutes of the meeting. A person who has a conflict of interest must not participate in or be permitted to hear the board's discussion of the matter except to disclose material facts and to respond to questions. The director must not attempt to exert his or her personal influence with respect to the matter, either at or outside the meeting. Further, the director must not be counted in determining the presence of a quorum for purposes of the vote. The director having a conflict of interest may not vote on the contract or transaction and must not be present in the meeting room when the vote is taken. The director's ineligibility to vote must be reflected in the minutes of the meeting. If it is not clear that a conflict of interest exists, the director with the potential conflict must disclose the circumstances to the chair, who must determine whether full board discussion is warranted or whether there exists a conflict of interest that is subject to this policy.”

“A compensation survey provided by an independent source is used by the members of the governing body to determine the compensation of the executive director. A salary survey for the employees of nicaragua occurred in 2014 and for the employees of the united states in 2019.”

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

“Foreign exchange loss -9,738.”