Villagereach

“Committee meetings are presented in reports to the board which are captured in board meeting minutes.”

“The form 990 is completed by clark nuber, our independent accountants. It is then reviewed and approved by the treasurer/finance and operations director. The final form 990 is provided to the board 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 president & treasurer review 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 for purposes of recognizing his in-kind contribution of services. (the president volunteers his time.) other officer positions of treasurer and secretary are likewise surveyed annually. Comparability data are reviewed by the board of directors without compensated persons present. The last compensation review for all employees and the president occurred on september 16, 2014.”

“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.”

“In 2001, a single programmatic joint venture was entered into with due diligence by villagereach and another party. With the addition of a third party to the venture in 2009, the terms of the joint venture were refined and set under a partnership agreement signed by all parties. Villagereach does not have a joint venture policy independent from that agreement, as the terms of that agreement suffice.”

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

“Villagereach had a total of 30 employees in malawi and 22 in mozambique in fiscal year 2014 in addition to the united states based employees noted on this line.”

“Foreign currency translation adjustment -1,525.”