| FORM 990, PART V, LINE 2 - COMPENSATION: |
THE ORGANIZATION DOES NOT ISSUE FORMS W-2 SINCE ALL EMPLOYEES ARE NON-US CITIZENS WHO LIVE AND WORK OUTSIDE THE UNITED STATES. |
| Form 990, Part VI, Section A, line 6 |
PER THE BYLAWS, THE INTERNATIONAL VALUATION STANDARDS COUNCIL IS ORGANIZED ON A NON-STOCK MEMBERSHIP BASIS. |
| Form 990, Part VI, Section A, line 7a |
PER THE BY-LAWS, EACH MEMBER IN GOOD STANDING IS ENTITLED TO PARTICIPATE IN THE INTERNATIONAL VALUATION STANDARDS COUNCIL FUNCTIONS THROUGH ITS DESIGNATED REPRESENTATIVES. THIS PRIVILEDGE INCLUDES VOTING, ELIGIBILITY FOR ELECTION TO OFFICE, AND ATTENDANCE AT MEETINGS. |
| Form 990, Part VI, Section A, line 7b |
EACH MEMBER SHALL BE ENTITLED TO REPRESENTATION IN THE INTERNATIONAL VALUATION STANDARDS COUNCIL THROUGH ONE OR MORE DESIGNATED PERSONS (REPRESENTATIVES). AT THE ANNUAL GENERAL MEETING, EACH MEMBER ORGANIZATION SHALL HAVE ONE VOTE, IRRESPECTIVE OF THE SIZE OF THE ORGANIZATION WHICH IS REPRESENTED. |
| Form 990, Part VI, Section B, line 11 |
THE CEO EMAILS A COPY OF THE FINAL DRAFT 990 TO THE BOARD CHAIR PRIOR TO ITS FILING. THE BOARD CHAIR REVIEWS THE FORM 990 WITH THE CEO PRIOR TO PRESENTATION TO THE BOARD OF TRUSTEES. |
| Form 990, Part VI, Section B, line 12c |
Each Person shall disclose to the Board and Chairman any conflict of interest such person or a related party has regarding any transaction to be considered by the organization. |
| Form 990, Part VI, Section B, line 15 |
THE COMPENSATION PROVIDED TO THE EXECTIVE DIRECTOR, TECHNICAL DIRECTOR, and THE BOARD CHAIR ARE DETERMINED BY THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES AND APPROVED BY THE BOARD OF TRUSTEES. THE BOARD CHAIR DOES NOT PARTICIPATE DURING THE VOTE FOR HIS compensation. THE AMOUNT OF THE BOARD CHAIR'S compensation WAS DETERMINED BASED ON THE SIGNIFICANT EXPERIENCE AND REPUTATION IN INTERNATIONAL MATTERS OF THE BOARD CHAIR AS WELL AS THE TIME DEVOTED TO THE PERFORMANCE OF HIS ACTIVITIES. THE AMOUNT OF COMPENSATION FOR THE EXECUTIVE DIRECTOR AND TECHNICAL DIRECTOR WAS DETERMINED BASED ON THE GENERAL COMPENSATION KNOWLEDGE OF THE BOARD, ALL OF WHOM ARE SOPHISTICATED BUSINESS PERSONS KNOWLEDGEABLE IN COMPENSATION ISSUES, AS WELL AS THE LEVEL OF DIFFICULTY IN FINDING SOMEONE WHO HAS AS MUCH KNOWLEDGE IN THE OPERATION OF AN INTERNATIONAL STANDARDS SETTING ORGANIZATION. |
| Form 990, Part VI, Section C, line 19 |
THE ORGANIZATION'S 990 IS MADE AVAILABLE TO THE PUBLIC VIA THE WEBSITE WWW.GUIDESTAR.ORG. ADDITIONALLY, THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| Form 990, Part XI, line 9: |
FOREIGN CURRENCY TRANSLATION ADJUSTMENTS 3,677. |
| FORM 990, PART XII, LINE 2B - AUDITED FINANCIAL STATEMENTS: |
THE ORGANIZATION OBTAINED SEPARATE, INDEPENDENT AUDITED FINANCIAL STATEMENTS PREPARED UNDER THE INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS) BASIS OF ACCOUNTING AS OPPOSED TO THE GAAP BASIS OF ACCOUNTING. THE FINANCIAL STATEMENTS HAVE BEEN PREPARED IN BRITISH STERLING. FORM 990 HAS BEEN TRANSLATED TO US DOLLARS USING PREVAILING EXCHANGE RATES FOR THE PERIOD. |
Attach to Form 990 or 990-EZ.