Villagereach

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

“The executive committee and nominating 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 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 officers occurred in october 2018.”

“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. This joint venture was sold during fiscal year 2018.”

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

“Villagereach had a total of 72 employees in malawi, 32 in mozambique, 8 in the republic of congo, 3 in tanzania, 4 in south africa, one in nigeria and one in cote d'ivoire in fiscal year 2018 (in addition to the united states based employees noted on this line).”

“Translators/interpreters: program service expenses 17,358. Management and general expenses 5,326. Fundraising expenses 0. Total expenses 22,684. Professional fees: program service expenses 1,306,315. Management and general expenses 173,661. Fundraising expenses 7,063. Total expenses 1,487,039. Contract labor: program service expenses 65,778. Management and general expenses 21,795. Fundraising expenses 0. Total expenses 87,573.”

“Foreign currency translation adjustment -12,443.”