| FORM 990, PART VI, SECTION A, LINE 8B |
GAIN DOES NOT HAVE ANY COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION B, LINE 11B |
TO PREPARE THE FORM 990, THE MANAGER FOR U.S. FINANCE & ADMINISTRATION COLLATED THE INFORMATION FROM FINANCE, HUMAN RESOURCES AND LEGAL. THE FORM WAS PREPARED BY THE OUTSIDE ACCOUNTANTS AND WAS REVIEWED BY THE HEAD OF FINANCE AND THE CHIEF FINANCIAL OFFICER. ANY ISSUES DEEMED SIGNIFICANT AS NOTED BY THE CFO WERE BROUGHT TO THE ATTENTION OF THE CHIEF EXECUTIVE OFFICER AND THE GOVERNING BODY. A FINAL COPY OF THE FORM 990 WAS PROVIDED TO THE FULL BOARD BEFORE IT WAS FILED WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C |
GAIN HAS A CONFLICT OF INTEREST POLICY FOR BOARD MEMBERS. A QUESTIONNAIRE IS COMPLETED AT THE BEGINNING OF EACH MEMBER'S TERM AND AT EACH RENEWAL. MEMBERS ARE REQUESTED TO UPDATE SUCH QUESTIONNAIRE PRIOR TO EACH BOARD MEETING OR AT ANY OTHER TIME. ANY DISCLOSED CONFLICT IS REPORTED BACK BY THE EXECUTIVE DIRECTOR TO THE FULL BOARD AND, IF CONSIDERED A CONFLICT, THE BOARD MEMBER RECUSES HIMSELF/HERSELF FROM THE RELEVANT DISCUSSION/DECISION MATTER. GAIN GRANT AGREEMEENTS ALSO INCLUDE A CONFLICT OF INTEREST PROVISION FOR RECIPIENTS TO ABIDE BY. THE CONFLICT OF INTEREST POLICY IS ALSO ADDRESSED IN GAIN'S EMPLOYEE HANDBOOK IN THE FRAUD AND CORRUPTION PREVENTION POLICY, WHICH APPLIES TO ALL STAFF. |
| FORM 990, PART VI, SECTION B, LINE 15A |
COMPENSATION AND BENEFIT PAYMENTS TO DIRECTORS AND EMPLOYEE COMPENSATION FOR THE CHIEF EXECUTIVE OFFICER ARE DECIDED BY THE GOVERNING BOARD. THE BOARD USED SALARY REPORTS FROM OUTSIDE COMPENSATION CONSULTANTS. THE REVIEW WAS DOCUMENTED AT AN IN-CAMERA SESSION WITH THE CEO. FOR TOP MANAGEMENT OFFICIALS, THE COMPENSATION COMMITTEE USES BENCHMARKING TO DECIDE THE PAY WHICH IS THEN APPROVED BY THE CEO. THE LAST SALARY REVIEW TOOK PLACE IN OCTOBER 2017. |
| FORM 990, PART VI, SECTION C, LINE 19 |
STATUTES AND BYLAWS AND AUDITED FINANCIAL STATEMENTS ARE PUBLICLY AVAILABLE ON THE WEBSITE. THE CONFLICT OF INTEREST POLICY IS NOT AVAILABLE. |
| FORM 990, PART IX, LINE 11G |
ADMINISTRATIVE SUPPORT: PROGRAM SERVICE EXPENSES 1,935,152. MANAGEMENT AND GENERAL EXPENSES 24,351. FUNDRAISING EXPENSES 8,781. TOTAL EXPENSES 1,968,284. LAB ASSESSMENTS: PROGRAM SERVICE EXPENSES 916,651. MANAGEMENT AND GENERAL EXPENSES 11,535. FUNDRAISING EXPENSES 4,160. TOTAL EXPENSES 932,346. PROGRAM MANAGEMENT: PROGRAM SERVICE EXPENSES 2,342,552. MANAGEMENT AND GENERAL EXPENSES 29,478. FUNDRAISING EXPENSES 10,630. TOTAL EXPENSES 2,382,660. RESEARCH/PUBLICATIONS: PROGRAM SERVICE EXPENSES 2,240,702. MANAGEMENT AND GENERAL EXPENSES 28,196. FUNDRAISING EXPENSES 10,168. TOTAL EXPENSES 2,279,066. TECHNICAL ASSISTANCE: PROGRAM SERVICE EXPENSES 2,749,952. MANAGEMENT AND GENERAL EXPENSES 34,605. FUNDRAISING EXPENSES 12,479. TOTAL EXPENSES 2,797,036. |
| FORM 990, PART XI, LINE 8: |
LAST YEAR, GAIN CHANGED ITS ACCOUNTING POLICIES FOR THE RECOGNITION OF PREMIX INCOME AND EXPENDITURE. FROM 2018/19 PREMIX INCOME IS RECOGNIZED AT THE POINT OF SALE AND EXPENDITURE IS RECOGNISED ON AN ACCRUALS BASIS, WHEREAS PREVIOUSLY THE TRANSACTIONS WERE HELD WITHIN THE BALANCE SHEET. FURTHER ANALYSIS REVEALED THAT THERE WAS AN UNREALISED CREDIT BALANCE OF US$ 0.5 MILLION LINKED TO CONSIGNMENT STOCKS THAT WAS NOT CORRECTLY ADJUSTED IN JANUARY 2016, WHEN RESPONSIBILITY FOR MANAGING THE PREMIX PROCUREMENT ACTIVITIES WAS INSOURCED. TO CORRECT THIS ERROR AND ADJUST THE BALANCE SHEET TO THE CORRECT VALUES, IT WAS NECESSARY TO RELEASE THE CREDIT BALANCE TO UNRESTRICTED FUNDS. THIS HAS BEEN TREATED AS A RESTATEMENT OF THE PRIOR YEAR'S ACCOUNTS BECAUSE IT RELATED TO THE ACCOUNTING YEAR 2016/17. |
Attach to Form 990 or 990-EZ.