Episcopal Relief and Development

“Review process of form 990 the form 990 was prepared by a nationally renowned accounting firm in conjunction with the organization's financial department. Initially, the form 990 is reviewed by the chief operating officer, then provided to the audit and risk committee of the board for review and comment. Thereafter, a copy of the draft form 990 is circulated electronically to the full board of trustees for discussion and comment. Each board member is provided ample opportunity to comment on the information contained in the 990 prior to its filing with the internal revenue service.”

“Conflict of interest policy upon hire, all employees are required to review and complete a "conflict of interest" declaration. Board and staff conflict of interest disclosures are monitored by the office of the president and human resources. The organization requires all new board members to complete a disclosure upon commencement of their service. These disclosures are required to be updated and reviewed annually.”

“Determination and review of compensation all salaries at episcopal relief & development are based on market-based salary surveys carried out by an independent human resource consultant, in consultation with the department of human resources of episcopal relief & development. Salary and compensation reviews were performed in 2021 and 2022. Accordingly, all salaries, including that of the president & ceo, are benchmarked against the salaries of like positions at similar sized relief and development organizations. All salaries are reviewed on an annual basis. The organization commissioned its most recent executive compensation study in calendar year 2022 to ensure that the wages it pays are comparable with peer institutions within its geographical market.”

“Availability of documents to the public all of episcopal relief & development's audited financial statements, irs form 990s, and annual summaries are available on the organizational website. Financial information is also available through other websites, such as guide star. Governance documents and organizational policies are available from our headquarters upon request.”

“To help sustain itself during the economic disruption wrought by the pandemic, the organization sought economic assistance from the government. The paycheck protection program established by the cares act provides small businesses with funds to pay up to 24 weeks of certain necessary expenditures, including payroll costs, rent, and utilities. Episcopal relief and development received a paycheck protection program forgivable loan of $1,207,245 and reported this loan on its balance sheet. On may 23, 2021, the organization received full forgiveness of the loan as it met all of the criteria required by the small business administration to obtain forgiveness. This is reflected as a government grant on the organization's form 990, part viii, line 1e for the year ended december 31, 2021.”

“Episcopal relief & development was established by a resolution of the general convention of the episcopal church in 1940 in order to meet the needs of european refugees fleeing world war ii. Today, the organization facilitates healthier, more fulfilling lives in communities struggling with hunger, poverty, disaster and disease worldwide. Working closely with anglican and ecumenical partners, episcopal relief & development serves the needs of more than 3 million people each year. Through its sustainable development and disaster relief and recovery efforts, the organization implements programs in the following areas: women, children and climate resilience. Mission and mandate: https://www.episcopalrelief.org/who-we-are/mission-and-mandate what we do: https://www.episcopalrelief.org/what-we-do financials https://www.episcopalrelief.org/who-we-are/financials/”

“Postretirement related activities other than service cost 1,085,810. Change in beneficial interest in outside trusts held by others 56,702.”