Network for Empowerment & Progressive Initiatives-Nepi Nepi

“Two former board members Chris Blattman and Jeannie Annan are married.”

“The Board of the Organization discovered credible evidence of a diversion of the Organizations charitable assets during the 2024 Fiscal Year. The Board learned in FY2025 that the CEO Chairman Director of the Organization the Officer diverted an amount of charitable funds that is estimated to be between $300,000 and $600,000 from 2023 to 2025 of which $$168,931 excess benefit transaction occurred in 2024. The pertinent circumstances of the diversion of assets include: a unauthorized transfers of Organization funds from the Organizations bank account to a bank account held by the Officer; b the unauthorized diversion of grant monies designated for the Organization to an unknown bank account that is believed to be affiliated with the Officer; and c the unauthorized solicitation and diversion to the same unknown bank account of a loan made to the Organization without the Boards knowledge or authorization enabled by forging the signature of the President of the Board. The Board has taken the following corrective actions upon learning of these diversions: i It appointed a Financial Consultant and a Board Task Force and ordered audits of i.a. the Officers use of the Organizations bank account and i.b. activities that the Officer claimed some of the diverted funds had been spent on. ii It promptly implemented new financial controls removed the Officers authority over Organization bank accounts and other payment processes and demanded that the Officer resign. Following this demand the Officer resigned without any severance pay or other kind of consideration and the Officer is no longer associated with the Organization in any way. iii It reported the Officers diversion of assets to Charities Bureau of the Office of the NY State Attorney General. iv It reported through counsel the Officers diversion of assets to law enforcement. v The Board through counsel is fully cooperating with law enforcement in its ongoing investigation of the diversion. vi The Board filed a fraud report with the Office of Inspector General of the United States Agency for International Development USAID relating to the diversion of USAID grant funds in FY2025. vii The Board resolved to move to discontinue the Organizations operations and dissolve the Organization. viiiThe Board notified the Organizations funders of the diversion.”

“Form 990 is reviewed and approved by a board-appointed committee before submission.”