Villagereach

“The executive committee, strategy committee and fundraising committee do not keep minutes but do report to the full board on their actions and recommendations. The finance committee does have authority to act on behalf of the board but keeps monthly minutes.”

“The form 990 is completed by clark nuber, our independent accountants. It is then reviewed and approved by the vp, global operations. The final form 990 is provided to the board prior to submission and submitted to clark nuber for final compilation and submission to the irs.”

“All key personnel and members of the governing body are sent a conflict of interest policy each year, which they fill out and return. The treasurer reviews the signed statements to determine where conflict exists. Moreover, the president and treasurer actively monitor all transactions and will present any that may involve a conflict of interest to the board of directors for necessary action or follow up. If a conflict should arise, the board member recuses themselves of any discussion or vote on the matter.”

“The board of directors annually reviews salary data of similar organizations to determine the appropriate compensation level of the president. Other officer positions of vice president, treasurer, and secretary are likewise surveyed annually. Comparability data is reviewed by the board of directors without compensated persons present. The last compensation review for officers occurred in october 2022.”

“Villagereach posts its articles of incorporation, bylaws, and determination letter on its website, along with the three most recent form 990 returns and audited financial statements. These documents are also available upon request along with the conflict of interest policy.”

“Seventeen board members served as volunteers during the course of the year.”

“The consolidated financial statements and form 990 tax return include the accounts of villagereach and its controlled subsidiary, villagereach rdc absl, an organization registered as a nongovernmental organization in democratic republic of congo and treated as a foreign disregarded entity for tax purposes. This entity has been reported on schedule r, part i.”

“Villagereach had a total of 36 employees in malawi, 54 in mozambique, 29 in the democratic republic of the congo, 3 in tanzania, 4 in south africa, 1 in nigeria, 3 in liberia, 3 in cote d'ivoire, 1 in belgium, 3 in kenya, 1 in zimbabwe, and 1 in spain in fiscal year ended september 30, 2022 (in addition to the united states based employees noted on this line).”

“Professional fees: program service expenses 1,852,645. Management and general expenses 100,017. Fundraising expenses 4,870. Total expenses 1,957,532. Translators/interpreters: program service expenses 9,957. Management and general expenses 5,148. Fundraising expenses 0. Total expenses 15,105. Contract labor: program service expenses 519,718. Management and general expenses 290,081. Fundraising expenses 0. Total expenses 809,799.”

“Foreign currency translation adjustment -226,192.”