Indo-Pacific Partnership for Prosperity Inc

“Bylaws were amended by the board of directors in 2024. Changes to the bylaws include and are not limited to the following: - article iii, section 3.18: added board may appoint non-voting observers by unanimous vote. Observers receive board/committee materials unless otherwise determined, and their absence does not affect quorum. - article iv, section 4.06: removed provision granting the ceo the duties of treasurer if no treasurer is elected, and requiring board approval for ceo (or others) to enter into any transaction or series of related transactions exceeding $150,000.”

“The organization has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate: when the form 990 has been prepared, reviewed by management and is ready to be filed with the internal revenue service, it is electronically sent to the board for approval. If any issues arise, they are forwarded to the outside accounting firm and the board reviews after revisions and resolutions. Once the board has approved the return it is filed with the internal revenue service.”

“The organization's conflict of interest policy applies to directors, a member of a committee with board-delegated powers, or a principal officer of the corporation. Annually, all applicable individuals will complete a conflict of interest disclosure statement. In connection with any proposed transaction or arrangement that raises an actual or possible conflict of interest, an interested person must disclose the existence and nature of his or her financial interest and must be given the opportunity to disclose all material facts to the directors and members of committees with board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion among the disinterested members of the board or committee and the interested person, the interested person shall leave the board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. The minutes of the board meetings shall contain the names of the persons who disclosed the conflict, the board members who voted on the transaction, and the decision made surrounding the conflict.”

“The executive director's compensation was determined as part of the 2024 hiring process. In establishing compensation, the board reviewed the candidate's qualifications and compared compensation data from comparable organizations. The final compensation amount was approved by the board chair. The compensation decision documented in the records of the organization.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“The organization contracted with a professional employer organization (peo) for services, including but not limited to, payroll, timekeeping, employee benefits, hr administration and workforce regulatory compliance needs. As the employer of record for tax purposes, forms w-2 and w-3 are issued by the peo and filed under the peo's federal ein. In this co-employment arrangement, the organization is the common law employer and, accordingly, compensation is reported on form 990, part vii, section a and part ix, lines 5-10.”

“Strategic planning and communications: program service expenses 301,878. Management and general expenses 0. Fundraising expenses 0. Total expenses 301,878. Consultant/advisor: program service expenses 42,499. Management and general expenses 2,494. Fundraising expenses 0. Total expenses 44,993.”