Micronutrient Forum

“Pursuant to the Executive Committee charter of the Organization, the Board of Directors has granted Broad authority to the Executive Committee for the management of the corporation, including operational advice to the President/Executive Director, authorization of operational management action as it determines is required for the corporation to fulfill its mission and obligations, authorization to expend funds not previously approved in an operational budget and authorization to fulfill the mission and obligations of the corporation. No action which, under law or the provisions of the bylaws requires the approval of the members or of a majority of all of the members of the corporation have been granted to the Executive Committee. The Executive Committee is comprised of the Board Chair, Vice Chair, and all Committee Chairs.”

“The Form 990 is prepared and reviewed by an independent accounting firm. The Organization's management team and audit committee review the return. The final copy of the form 990 is distributed to each board member before the return is filed.”

“The policy applies to all Directors, Officers, employees, advisors, and agents of the corporation. Specific rules and disclosure requirements are provided for members of the Board of Directors ("director"), Officers of the Corporation ("officer") and Key Employees (as designated by the Board or Executive Director of the corporation) ("key employee") as well as certain relatives of these persons. In connection with any actual or possible conflict of interest, Directors, Officers, employees and agents must immediately disclose to the board, committee or board designee the existence and nature of his or her financial interest or any disclosable relationships. If a person is uncertain if his or her interest constitutes a financial interest or a disclosable relationship under this policy, he or she shall disclose to the board, committee or board designee such possible financial interest or disclosable relationship. All newly appointed or elected board members or Officers shall disclose all known conflicts of interest and disclosable relationships upon assumption of their duties and should a conflict of interest or disclosable relationship develop, must immediately disclose to the board, committee or board designee such actual or possible conflict of interest or disclosable relationship. After a person has disclosed the existence of a financial interest or a possible financial interest to the Board of Directors, committee or board designee, the board designee in conjunction with the committee chair determines if an actual conflict of interest exists due to a financial interest in the proposed transaction or arrangement that he or she could benefit from. If a conflict is determined, the disclosing member or Officer shall recuse themself from any involvement in the discussion, consideration, deliberation or approval or performance of any arrangement or transaction that gives rise to the conflict.”

“The compensation sub-committee, comprised of two or more voting members of the micronutrient forum's Board of Directors, assists and advises the Board in the determination of the adequacy and reasonableness of the total compensation paid to principal officers of micronutrient forum. The compensation sub-committee follows a charter documenting responsibilities for receiving advisement and counsel from professionals with expertise in compensation arrangements, recommending for approval by the full Board of Directors proposed employment agreements and proposed terminations as well as establishing and conducting an annual performance review process for the Executive Director and Chief Financial Officer. The process and decisions are documented in the sub-committee minutes.”

“The Organization makes the required information available upon request.”

“As reported on Form W-3, There were 7 U.S. employees in calendar year 2024. The Forum also has 6 international (non-U.S. citizen) employees who are not part of Form W-3 reporting, for a total of 13 employees during calendar year 2024.”

“There were no Global Conference programs held in 2024.”

“Consultants and Subscontractors: Program service expenses 827,233. Management and general expenses 23,900. Fundraising expenses 0. Total expenses 851,133. Payroll Processing Fees: Program service expenses 40,376. Management and general expenses 4,655. Fundraising expenses 0. Total expenses 45,031.”