Project Suma Inc

“The executive committee and directors are responsible for developing strategic plans, annual operational plans, and budgets that align with the organization's mission, values, and long term goals. The proposed plans, including annual budget and strategic initiatives, are presented to both the US and Bolivia Board of Directors for review and approval. The US board reviews and approves US-specific operations, ensuring compliance with US laws and organization priorities. The Bolivia board reviews and approves Bolivia-specific operations, ensuring alignment with local laws, cultural context, and organizational priorities. Both boards collaborate on overarching strategic decisions that impact the organization.”

“Officers review the return for accuracy prior to filing.”

“The organization maintains oversight by encouraging transparency and providing a safe avenue for reporting concerns, ensuring that directors fulfill their duties without conflict. Directors are required to avoid any real or potential conflicts that could interfere, or appear to interfere, with their ability to make sound business decisions on behalf of Project Suma. Board members and directors must inform the organization if there is a possibility of conflict of interest, allowing the organization to establish safeguards to manage or eliminate conflicts. All inquiries are kept confidential to the maximum extent possible. The policy prohibits board members from using their position for personal gain or disclosing confidential information. It also address situations where outside roles might interfere with a director's commitment to Project Suma. Violations of the policy may result in disciplinary action, up to and including removal from the board.”

“No individual may participate in any board, committee discussion, or vote concerning their own compensation, that of a relative, or anyone who could influence their financial interest. The board or authorized committee must approve compensation before it is paid, relying on appropriate data such as compensation paid by comparable organizations for similar positions, the projected budget, anticipated living expenses, the individuals skills and qualifications, and expressed organizational needs. Those who receive compensation may provide relevant information, but do not vote on these matters. The board contemporaneously documents all aspects of the compensation decision, including the terms, voting members present, the comparability data used and its source, any determinations made when compensation differs from comparable ranges, and disclosures of conflicts of interest during the process. This ensures transparent, well-documented, and impartial compensations decisions consistent with the organization's governance policies.”

“No individual may participate in any board, committee discussion, or vote concerning their own compensation, that of a relative, or anyone who could influence their financial interest. The board or authorized committee must approve compensation before payment, relying on appropriate data such as compensation paid by comparable organizations for similar roles, regional service availability, and independent compensation surveys. Individual receiving compensation may provide relevant information, but do not vote on these matters. The board contemporaneously documents all aspects of the compensation decision, including the terms, voting members present, the comparability data used and its source, any determinations made when compensation differs from comparable ranges, and disclosures of conflicts of interest during the process. This ensures transparent, well-documented, and impartial compensations decisions consistent with the organization's governance policies.”

“Upon Request”