Enactus

“The organization's audited financial statements and 990 tax return are reviewed by the board of director's finance and audit committee. After review and approval by the committee, the documents are reviewed by the entire board, via electronic or hard-copy, for final acceptance and release to the public.”

“Organization's conflict of interest policy is intended as a supplement to any applicable state and federal laws governing conflict of interest applicable to nonprofit and charitable organizations. Each director, principal officer and member of a committee with governing board delegated powers, annually signs a statement regarding policy knowledge and compliance. In addition there is periodic review by management and if needed, outside advisors are utilized. The policy details procedures for determining and addressing a conflict of interest.”

“The compensation for the ceo, corporate officers and key employees is reviewed annually by the human capital committee of the board of directors. The human capital committee reviews proposed compensation changes and analyzes comparable benchmark data to ensure compensation is on target with comparable organizations. After review, the committee presents their recommendations to the board for final approval. Based upon the performance of the organization in fy 2017, minimal salary adjustments were awarded to officers and key employees in 2018.”

“The organization's governing documents and conflict of interest policy are available upon request. The audited financial statements and form 990 are available on the organization's website and on other websites that make such information available by a searchable database.”

“Change in year-over-year revenue: in 2018, enactus received a significant multi-year pledge from a long-time donor to support operations in 2019-2021.”

“Enactus is the largest experiential learning platform dedicated to creating a better world while developing the next generation of leaders with a head for business, a heart for the world. The enactus network of global business, academic and student leaders is unified by our vision to create a better, more sustainable world.”

“At enactus, we believe investing in students who take entrepreneurial action for others creates a better world for us all. Enactus develops college students into leaders who use business innovation to solve community challenges, creating sustainable improvements in the lives of the people their projects serve, and in turn, the lives of the students themselves. As the largest experiential learning platform devoted to entrepreneurial action, enactus has 72,000 student participants on more than 1,790 campuses. In 2019, enactus students actively worked in more than 70 countries creating and implementing more than 2,300 projects that directly impacted more than 2.9 million lives. For more information visit www.enactus.org.”

“4.1 million people have new or improved access to clean water or sanitation 2.7 million people have new or improved access to healthy food 3.5 million tons of glass, paper, plastic, electronic and other waste have been diverted or entirely prevented 3.4 million people have new or improved access to clean energy 19,161 new jobs have been created 3,199 new businesses many with potential to scale - have been founded”

“Release of net assets held on behalf of foreign affiliates -736,064.”

“The organization has an audit committee that assumes responsibility for overseeing the audit and the selection of the independent accountant. The process has not changed from the prior year.”