TY 2012 Form 990 Schedule O

efile Public Visual Render ObjectId: 201431719349300518 - Submission: 2014-06-20 TIN: 95-1922279

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.

OMB No. 1545-0047

2012

Open to Public
Inspection

Name of the organization

World Vision Inc

Employer identification number

95-1922279

Identifier	Return Reference	Explanation
	Form 990, Part VI, Section A, line 1	The Organization has an executive committee with authority to act on behalf of the governing body. The committee includes the board chair, vice chair, and standing committee chairs. The committee is chaired by the board chair. It may act on behalf of the board between meetings. In addition to responsibilities and limitations on its authority outlined in the bylaws, the committee may not change the bylaws nor appoint/terminate or accept a resignation from the president. The committee serves the board by overseeing relationships with other organizations (including any subsidiary or supporting corporations), public affairs, and the board's annual evaluation of the president and his compensation.
	Form 990, Part VI, Section B, line 11	The 990 is provided to the Audit Committee of the Board of Directors by internal audit after it is approved by management and reviewed by our external tax firm. The Audit Committee reviews the 990 and raises any issues to management for resolution. Finally, the 990 is e-mailed to the entire Board of Directors for final review and commentary before it is filed electronically with the IRS and posted to World Vision's web site.
	Form 990, Part VI, Section B, line 12c	World Vision has a written Conflict of Interest Policy. Annually all employees complete a disclosure form identifying transactions and relationships which may be a conflict of interest. Management reviews all disclosed conflicts and determines whether any conflict exists. Any conflicts are raised for review to a committee which includes the CFO, Internal Audit and Legal. Whatever action deemed necessary by this committee is taken, sometimes in consultation with the President. Internal Audit provides a summary report to the Board of Directors via the Audit Committee. There is a similar process for the Board of Directors to submit a conflict of interest disclosure form annually. The Board of Directors disclosures are reviewed by management. Any issues are taken to the Board of Directors for resolution, excluding the Board member for whom the conflict exists.
	Form 990, Part VI, Section B, line 15	Annually the Executive Committee, after seeking input from all directors and the SVP of Human Resources will formally evaluate the president based on performance and organizational goals. The Board also determines and documents any compensation adjustments. Annually, the Compensation Committee, a sub-group of the Board of Directors, utilizes several for-profit and non-profit salary surveys to establish and validate the CEO's salary. Once the data is gathered and analyzed by the committee, the recommended compensation package is presented to the full Board for approval. The President's salary was last reviewed and evaluated against market data by the Compensation Committee in 2012. The Board of Directors mandates the compensation philosophy for the entire organization. The process for determining the compensation grade levels for Senior Vice Presidents of World Vision is managed and documented by the Compensation Manager. All Senior Vice President positions are evaluated and matched to market data of both for-profit and nonprofit organizations where similar positions exist. The President approves the specific salary of each Senior Vice President within the appropriate grade level and within WVUS salary administration guidelines based upon recommendation of the Compensation Manager and Compensation Grading Committee. In addition, periodic audits and reviews are conducted utilizing an outside consultant to validate the compensation levels of the Senior Vice Presidents are consistent with our compensation philosophy and current market data. A total compensation review was last completed in January 2012.
	Form 990, Part VI, Section C, line 19	World Vision posts the audited financial statements on its website. If the requestor does not have access to the internet the organization will mail a copy. The governing documents and the conflict of interest policy are available upon request.
Changes in Net Assets or Fund Balances:	Form 990, Part XI, line 9:	Pension Actuarial Gain 8,420,645. Change in Value of Split Interest Agreements -15,829.

Identifier

Return Reference

Explanation

Form 990, Part VI, Section A, line 1

The Organization has an executive committee with authority to act on behalf of the governing body. The committee includes the board chair, vice chair, and standing committee chairs. The committee is chaired by the board chair. It may act on behalf of the board between meetings. In addition to responsibilities and limitations on its authority outlined in the bylaws, the committee may not change the bylaws nor appoint/terminate or accept a resignation from the president. The committee serves the board by overseeing relationships with other organizations (including any subsidiary or supporting corporations), public affairs, and the board's annual evaluation of the president and his compensation.

Form 990, Part VI, Section B, line 11

The 990 is provided to the Audit Committee of the Board of Directors by internal audit after it is approved by management and reviewed by our external tax firm. The Audit Committee reviews the 990 and raises any issues to management for resolution. Finally, the 990 is e-mailed to the entire Board of Directors for final review and commentary before it is filed electronically with the IRS and posted to World Vision's web site.

Form 990, Part VI, Section B, line 12c

World Vision has a written Conflict of Interest Policy. Annually all employees complete a disclosure form identifying transactions and relationships which may be a conflict of interest. Management reviews all disclosed conflicts and determines whether any conflict exists. Any conflicts are raised for review to a committee which includes the CFO, Internal Audit and Legal. Whatever action deemed necessary by this committee is taken, sometimes in consultation with the President. Internal Audit provides a summary report to the Board of Directors via the Audit Committee. There is a similar process for the Board of Directors to submit a conflict of interest disclosure form annually. The Board of Directors disclosures are reviewed by management. Any issues are taken to the Board of Directors for resolution, excluding the Board member for whom the conflict exists.

Form 990, Part VI, Section B, line 15

Annually the Executive Committee, after seeking input from all directors and the SVP of Human Resources will formally evaluate the president based on performance and organizational goals. The Board also determines and documents any compensation adjustments. Annually, the Compensation Committee, a sub-group of the Board of Directors, utilizes several for-profit and non-profit salary surveys to establish and validate the CEO's salary. Once the data is gathered and analyzed by the committee, the recommended compensation package is presented to the full Board for approval. The President's salary was last reviewed and evaluated against market data by the Compensation Committee in 2012. The Board of Directors mandates the compensation philosophy for the entire organization. The process for determining the compensation grade levels for Senior Vice Presidents of World Vision is managed and documented by the Compensation Manager. All Senior Vice President positions are evaluated and matched to market data of both for-profit and nonprofit organizations where similar positions exist. The President approves the specific salary of each Senior Vice President within the appropriate grade level and within WVUS salary administration guidelines based upon recommendation of the Compensation Manager and Compensation Grading Committee. In addition, periodic audits and reviews are conducted utilizing an outside consultant to validate the compensation levels of the Senior Vice Presidents are consistent with our compensation philosophy and current market data. A total compensation review was last completed in January 2012.

Form 990, Part VI, Section C, line 19

World Vision posts the audited financial statements on its website. If the requestor does not have access to the internet the organization will mail a copy. The governing documents and the conflict of interest policy are available upon request.

Changes in Net Assets or Fund Balances:

Form 990, Part XI, line 9:

Pension Actuarial Gain 8,420,645. Change in Value of Split Interest Agreements -15,829.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2012

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