Global Solidarity Fund

“The organization relies upon internal and external resources having a variety of expertise, including tax, finance, accounting, treasury, legal, human resources, and corporate compliance; for advice, information, and assistance in order to prepare a complete and accurate return. Upon completion, the form 990 is reviewed by the organization's treasurer, who consults with tax advisors as needed. The completed copy of form 990 is provided and reviewed by all board members at the october meeting.”

“Corporation, firm, association, or other entity in which one or more of the directors or officers of the organization are directors or officers or have a financial interest, each interested director or officer of the organization: (i) will disclose to the board of directors or committee, the material facts as to the director's or officer's interest in the contract or transaction or as to any common directorships, offices, or financial interest, and (ii) may participate in the information-gathering stage of the board of directors or committee's discussion but will retire from the room in which the board of directors or committee is meeting and will not participate in the final deliberation or vote on the contract or transaction. The affirmative vote of a majority of the disinterested directors serving on the board or the committee, even though they may be less than a quorum, will be required to authorize the contract or transaction. Interested directors may be counted in determining the presence of a quorum at a meeting of the board of directors or committee that authorizes the contract or transaction. In determining whether to approve the contract or transaction, disinterested directors will take into account the restrictions regarding excess benefit transactions under section 4958 of the internal revenue code of 1986, as amended. The minutes of the meeting of the board of directors or committee thereof will reflect (i) that the conflict of interest was disclosed, (ii) that the interested director, officer or staff member was not present during the final discussion or vote of the board of directors or committee thereof and (iii) that the interested individual abstained from voting. All questions as to whether a conflict of interest exists will be resolved by a vote of the board of directors in which the interested individual may not vote. A conflict of interest disclosure statement will be furnished annually to the board by each director, officer and staff member. The disclosure statements will be reviewed annually by the board of directors or by a committee thereof. In addition, each director, officer and staff member must report promptly to the organization any potential conflict of interest as and when it arises.”

“A comp study was done by Sullivan Cotter in 2020 for the Executive Director and event & office manager salaries to determine net equivalency pay in US Dollars. The comp study affirmed that their salaries were reasonable and well within expected ranges, so no adjustments were made. The Executive Director and event & office manager are independent consultants and responsible for their own payroll taxes, pension and health benefits as outlined for the EU. In order to provide the resources to pay the required taxes and stay within the appropriate net equivalency pay in US Dollars, their salaries were increased to include the additional taxes and fees.”

“Required documents available to the public the organization will provide any documents open to public inspection upon request.”

“($1,148) currency exchange loss”