Villagereach

“Michael free and william poole had a business relationship.”

“The form 990 is completed by clark nuber, our independent accountants. It is then reviewed and approved by the director, finance & 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 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. 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 all employees occurred in september 2017. The last compensation review for officers occurred in september 2017.”

“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.”

“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 joint venture agreement signed by all parties. Villagereach does not have a joint venture policy independent from that agreement, as the terms of that agreement suffice.”

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

“Villagereach had a total of 62 employees in malawi, 20 in mozambique, 4 in the republic of congo, 3 in tanzania and one in south africa, nigera and cote d'ivoire in fiscal year 2016 (in addition to the united states based employees noted on this line).”

“Translators/interpreters: program service expenses 19,967. Management and general expenses 0. Fundraising expenses 27. Total expenses 19,994. Professional fees: program service expenses 1,229,420. Management and general expenses 7,244. Fundraising expenses 16,250. Total expenses 1,252,914. Contract labor: program service expenses 35,553. Management and general expenses 0. Fundraising expenses 0. Total expenses 35,553.”

“Foreign currency translation adjustment -2,965. Recovery of expense previously recorded as allowance for doubtful accounts 15,660.”