Water for People

“The executive committee acts between meetings of the full board of directors to carry out the business of the corporation with full powers of the board except the power to change or amend the organization's bylaws. The executive committee consists of the chair, vice-chair, treasurer and secretary.”

“The form 990 was prepared by outside accountants and first reviewed by water for people management staff, then forwarded for review and approval by the audit committee and lastly the executive committee. The form 990 was provided to the full board for review prior to filing with the irs.”

“The code of conduct applies to all employees, contractors, consultants, interns, volunteers, board members of water for people (wfp), and anyone acting as a representative of wfp. The code includes the organization's policy on conflict of interest. The policy provides guidance on ensuring that outside interests and activities do not conflict with obligations to wfp. Wfp employees are prohibited from abusing their positions of power as a wfp representative. Wfp permits the employment of qualified relatives of employees so long as such employment does not, in the opinion of wfp, create actual or perceived conflicts of interest. Hiring of relatives requires a disclosure to the organization. A conflict of interest may arise if a representative of wfp or a family member holds a financial interest in a privately owned enterprise with which wfp does business or competes. The code also covers a responsible person accepting gifts, entertainment or other favors from any individual or entity doing or wanting to do business with wfp. Each new employee receives a copy of the policy and acknowledges in writing that he or she has done so. The policy includes clear guidance on the obligation to report and ways of reporting violations. Each board member annually completes a conflict of interest disclosure form. The policy is reviewed annually by each member of the board of directors. Board members must disclose information relative to a conflict of interest before any board or committee action on a contract or transaction, and such disclosure is reflected in the meeting minutes. A person who has a conflict of interest that will be voted on at a meeting may not vote on the issue. In the event it is not entirely clear that a conflict of interest exists, the individual with the potential conflict discloses in writing, the circumstance to the board chair or ceo, who determines whether there in fact exists a conflict of interest that is subject to this policy.”

“The salary of the ceo was reviewed by the executive committee. Salary data was sourced from an external salary survey company. Increases were determined based on market information and performance consistent with the process for the employee population. The process was documented in the minutes of the board. This review was last conducted in october 2020 for ceo, eleanor allen. The salaries of other officers, key employees and top management of the organization are reviewed annually by the ceo. Salary data was sourced from an external salary survey company. Increases were determined based on market information and performance consistent with the process for the employee population. This review was last conducted in october 2020.”

“The organization's governing documents, conflict of interest policy and financial statements are made available to the public upon request. The financial statements are also available on the organization's website.”

“On may 5, 2020, wfp received loan proceeds in the amount of $776,192 under the paycheck protection program. The promissory note calls for monthly principal and interest payments amortized over the term of the promissory note with a deferral of payments for the first six months. Under the coronavirus aid, relief, and economic security act (cares act), the promissory note may be forgiven by the small business administration in whole or in part. Wfp intends to use the proceeds for purposes consistent with the paycheck protection program and believes that its use of the loan proceeds will meet the conditions for forgiveness of the loan. Wfp intends to apply for forgiveness after completing the 24 week period. If forgiveness is granted, wfp will record revenue from debt extinguishments during the period that forgiveness was approved.”

“De-obligated awards and funds returned to donors -76,596.”