2023-05-15T14:08:03-05:00 2022-12-31 111986323 MARCUM LLP 1 RESEARCH COURT SUITE 400 ROCKVILLE MD 20850 990 2022-01-01 840919612 INTERNATIONAL WOMEN'S FORUM INC INTE 2024126010 1155 15TH STREET NW 1000 WASHINGTON DC 20005 STEPHANIE O'KEEFE CEO 2024126010 2023-05-15 1 STEPHANIE OKEEFE 999009999 0 KIMBERLY H MAXWELL P00097044 3016913600 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z STEPHANIE O'KEEFE 1155 15TH STREET NW 1000 WASHINGTON DC 20005 9704473 0 X WWW.IWFORUM.ORG X 1982 DC ADVANCING WOMEN'S LEADERSHIP AND CHAMPIONING EQUALITY WORLDWIDE. 22 22 16 300 0 0 1519169 1866880 2041884 3998173 2672186 118409 409757 80889 6642996 6064351 0 0 0 0 1877750 2125372 0 0 128093 1754695 4645248 3632445 6770620 3010551 -706269 15476406 13599472 2065109 2646008 13411297 10953464 X THE MISSION OF THE INTERNATIONAL WOMEN'S FORUM IS TO ADVANCE WOMEN'S LEADERSHIP AND CHAMPION EQUALITY WORLDWIDE. IWF TAKES DIRECT ACTION TO ACHIEVE OUR MISSION THROUGH THREE KEY INITIATIVE STREAMS THAT FOSTER ALLIANCES, PROMOTE MENTORSHIP, AND SUPPORT CONTINUAL LEARNING AT THE HIGHEST LEVEL: LEADERSHIP CONFERENCES, LEADERSHIP DEVELOPMENT AND LEADERSHIP SHOWCASES. 0 0 3130142 1501925 CONFERENCES:WORLD LEADERSHIP CONFERENCE: IWF CONFERENCES AMPLIFY TOPICS OF CRITICAL CONCERN TO GLOBAL LEADERS THROUGH A WOMAN'S LENS. OUR CUTTING-EDGE CONTENT AND WORLD-CLASS SPEAKERS INFORM, EDUCATE AND INSPIRE OUR MEMBERS TO LEAD CHANGE IN THE WORLD. IWF HOSTS TWO GLOBAL CONFERENCES EACH YEAR. THE WORLD LEADERSHIP CONFERENCE IS HELD IN NORTH AMERICA.CORNERSTONE CONFERENCE: IWF CONFERENCES AMPLIFY TOPICS OF CRITICAL CONCERN TO GLOBAL LEADERS THROUGH A WOMAN'S LENS. OUR CUTTING-EDGE CONTENT AND WORLD-CLASS SPEAKERS INFORM, EDUCATE AND INSPIRE OUR MEMBERS TO LEAD CHANGE IN THE WORLD. IWF HOSTS TWO GLOBAL CONFERENCES EACH YEAR. THE CORNERSTONE CONFERENCE IS HELD AT AN INTERNATIONAL LOCATION.HALL OF FAME AWARDS AND GALA:IWF INTERNATIONAL HALL OF FAME HONORS WOMEN WHO ARE TRULY TRANSFORMATIVE FIGURES TACKLING THE MOST URGENT ISSUES FACING THE WORLD. RECENT HALL OF FAME HONOREES INCLUDE MARY BARRA, CHAIRMAN AND CEO OF GENERAL MOTORS; FATMA SAMOURA, SECRETARY GENERAL OF FIFA; AND DR. DONNA STRICKLAND, 2018 NOBEL LAUREATE IN PHYSICS. PAST AWARDEESINCLUDE ELLEN JOHNSON SIRLEAF, MARY ROBINSON, ISABEL ALLENDE, GINNI ROMETTY AND BILLIE JEAN KING.AS A PART OF THE HALL OF FAME AWARDS, IWF'S WOMEN WHO MAKE A DIFFERENCE SALUTES MEMBERS NOMINATED BY THEIR OWN FORUMS FOR THE TREMENDOUS ACCOMPLISHMENTS AND CONTRIBUTIONS THEY HAVE MADE TO THEIR COMMUNITIES AND THE WORLD. 1508663 1272771 FELLOWS PROGRAM: THE IWF LEADERSHIP FELLOWS PROGRAM, LAUNCHED IN 1994, PROVIDES HIGH POTENTIAL WOMEN WITH NETWORKING OPPORTUNITIES THROUGH IWF CONFERENCES, ASSIGNS MENTORS FROM OUR ROSTER OF OUTSTANDING MEMBERS AND INCLUDES CUSTOMIZED INTERNATIONAL LEADERSHIP TRAINING SESSIONS AT BOTH HARVARD AND INSEAD. ANNUAL CLASSES OF UP TO 40 FELLOWS ARE SPONSORED BY COMPANIES, LOCAL FORUMS OR INDIVIDUALS AND SELECTED BY AN INTERNATIONAL REVIEW COMMITTEE OF IWF MEMBERS. THE IWF LEADERSHIP FELLOWS PROGRAM HAS ELEVATED AND ENABLED OVER 650 OUTSTANDING WOMEN SINCE INCEPTION TO MAXIMIZE CONTRIBUTIONS TO THEIR COMPANIES, COMMUNITIES AND THE WORLD. 1159055 1160738 MEMBERSHIP: THE INTERNATIONAL WOMEN'S FORUM (IWF) IS A NETWORK OF THE MOST ACCOMPLISHED WOMEN IN THE WORLD. WE CONNECT WOMEN LEADERS ACROSS EVERY PROFESSIONAL SECTOR IN SUPPORT OF EACH OTHER AND THE COMMON MISSION OF ADVANCING WOMEN'S LEADERSHIP AND CHAMPIONING EQUALITY WORLDWIDE. ESTABLISHED IN 1974, TODAY IWF IS COMPRISED OF OVER 7,900 PREEMINENT WOMEN LEADERS IN 33 COUNTRIES. IWF IS THE ONLY ORGANIZATION OF THIS SCALE THAT BUILDS SIGNIFICANT RELATIONSHIPS BETWEEN C-LEVEL WOMEN ACROSS COUNTRIES AND CAREERS. IWF MEMBERS ARE COMMITTED TO INSPIRING AND EMPOWERING THE NEXT GENERATION OF WOMEN LEADERS. WORLDWIDE RESEARCH CONSISTENTLY CONFIRMS THREE KEY BARRIERS THAT RESTRICT THE POTENTIAL OF WOMEN LEADERS: LIMITED ACCESS TO BUSINESS NETWORKS, LACK OF MENTORS AND INADEQUATE LEADERSHIP TRAINING. IWF'S DEVELOPMENT EXPERIENCES, INCLUDING OUR LEADERSHIP FELLOWS PROGRAM AND IWF VIRTUAL LEADERSHIP INTENSIVES, DIRECTLY TACKLE THESE BARRIERS TO HELP TOMORROW'S MOST TALENTED WOMEN REALIZE THEIR FULL POTENTIAL.OUR MEMBERS ARE NOBEL LAUREATES, OLYMPIC ATHLETES, CEOS, HEADS OF STATE, ACADEMICS, ARTISTS, ASTRONAUTS, LAWYERS, FINANCIERS, SCIENTISTS, ENTREPRENEURS, AND MORE. OUR MEMBERS BUILD, CREATE AND TRANSFORM OUR BUSINESS, OUR SOCIETY AND OUR WORLD. 281215 143628 INTENSIVES AND VIRTUAL PROGRAMMING:IWF PRODUCES VIRTUAL THOUGHT LEADERSHIP PROGRAMMING THROUGHOUT THE YEAR DRAWING ON OUR MEMBER'S DIVERSE EXPERTISE. IWF INTENSIVES ANSWER CORPORATE NEEDS FOR CUSTOMIZED AND COMPACT LEADERSHIP TRAINING DEDICATED TO THEIR MOST VALUABLE WOMEN EXECUTIVES. THESE TAILORED PROGRAMS FEATURE IWF MEMBERS WHO SHARE KNOWLEDGE FROM THEIR OUTSTANDING CAREERS ON THE ENDURING LEADERSHIP CHALLENGES SUCH HAS HOW TO EVOLVE FROM STAR PERFORMER TO STAR BOSS, HOW TO MANAGE TEAMS, HOW TO MANAGE CHANGE, HOW TO MANAGE FAILURE AND HOW TO SELF-ASSESS. IWF WORKS WITH CORPORATE HR TO DETERMINE THE RIGHT STRUCTURE THAT ALWAYS INCLUDES SMALL GROUP CONVERSATIONS WITH IWF LEADERS TO ACHIEVE PERSONAL IMPACT. 281215 143628 6079075 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 29 0 1 16 1 0 0 0 0 1 1 0 0 0 0 0 0 0 X 22 22 0 0 1 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 AL AR CA FL GA HI IL KS KY MD MA MI MN MS NM NY NC OR PA SC TN UT VA WI X STEPHANIE O'KEEFE 2024126010 1155 15TH STREET NW 1000 WASHINGTON DC 20005 CAROLYN CARTER PRESIDENT 2.00 X X 0 0 0 SILVIA DAVILA VICE PRESIDENT 1.00 X X 0 0 0 JULIE GOLDSTEIN TREASURER 2.00 X X 0 0 0 REEM ABU HASSAN DIRECTOR 1.00 X 0 0 0 KIMBERLY COOPER JAQUA DIRECTOR 1.00 X 0 0 0 SUSAN HODKINSON DIRECTOR 1.00 X 0 0 0 NANCY LAUGHTON DIRECTOR (UNTIL 10/31/2022) 1.00 X 0 0 0 ANA MUNOZ DIRECTOR 1.00 X 0 0 0 MARIA PATINO DIRECTOR (UNTIL 10/31/2022) 1.00 X 0 0 0 SANDY STASH DIRECTOR (UNTIL 10/31/2022) 1.00 X 0 0 0 ADRIANE BROWN DIRECTOR 1.00 X 0 0 0 HOLLY CANNON DIRECTOR 1.00 X 0 0 0 KAREN CAPLAN DIRECTOR 1.00 X 0 0 0 KATHLEEN CARROLL DIRECTOR 1.00 X 0 0 0 ANNE DOYLE DIRECTOR (UNTIL 10/31/2022) 1.00 X 0 0 0 ROSEL MOXEY DIRECTOR 1.00 X 0 0 0 ELISABETH OURLIAC DIRECTOR 1.00 X 0 0 0 RUVENI KELLEHER DIRECTOR 1.00 X 0 0 0 ALISON TAUNTON-RIGBY DIRECTOR 1.00 X 0 0 0 ROBERTA LAJOUS DIRECTOR 1.00 X 0 0 0 BRENDA POPE DIRECTOR 1.00 X 0 0 0 FRANCOISE LYON DIRECTOR 1.00 X 0 0 0 DOLORES FERNANDEZ ALONSO DIRECTOR 1.00 X 0 0 0 VIANNA MAINO DIRECTOR 1.00 X 0 0 0 DRINA RENDIC DIRECTOR 1.00 X 0 0 0 PERI WIDENER DIRECTOR 1.00 X 0 0 0 HELEN RULE EX OFFICIO 1.00 X 0 0 0 STEPHANIE O'KEEFE CHIEF EXECUTIVE OFFICER 40.00 X 420600 0 37201 HEATH NASH CHIEF OPERATING OFFICER 40.00 X 280840 0 25667 LYNNE MANRIQUE VP, LEADERSHIP AND EDUCATIONAL PROGRAM 40.00 X 170000 0 10200 RACHEL YOST DIRECTOR OF DEVELOPMENT 40.00 X 142900 0 13327 KATYA WILDGEN VP, CREATIVE SERVICES AND PRODUCTION 40.00 X 143000 0 12727 MARY GUIDO DIRECTOR OF GLOBAL MEETINGS AND EVENTS 40.00 X 132500 0 6875 SABRINA WALLACH VP, FINANCE AND OPERATIONS 40.00 X 122500 0 23047 1412340 0 129044 7 0 1 0 PAUL JOHNSON 26 MENDELSSOHN ROAD ROOSEVELT PARK GAUTENG SF CONSULTANT FOR CONFERENCE AND MEETING EV 116416 1 1866880 42500 1866880 REGISTRATION 900099 1564664 1564664 FELLOWS TUITION 900099 1272771 1272771 MEMBERSHIP DUES 900099 1160738 1160738 3998173 154001 154001 3598555 3634147 -35592 -35592 -35592 13597 5975 7622 7622 REBATE INCOME 900099 69639 69639 OTHER INCOME 900099 3628 3628 73267 6064351 4079062 0 118409 764308 626761 99099 38448 1107909 908528 143649 55732 58583 48040 7596 2947 62181 50991 8062 3128 132391 108566 17165 6660 10748 10748 93936 93936 40703 40703 562390 554841 5503 2046 42055 25298 14876 1881 233361 196450 33397 3514 189859 143727 37430 8702 371872 369815 290 1767 2113397 2112947 432 18 1417 570 813 34 102151 90085 10100 1966 48073 37130 10862 81 TUITION 701613 701613 OTHER EXPENSES 66103 44892 20508 703 CREDIT CARD AND BANK FE 52095 46039 5772 284 MEALS AND ENTERTAINMENT 15475 12782 2511 182 6770620 6079075 563452 128093 1275946 288082 1673435 1014134 5000 406727 61652 41392 34901 30106 286690 334772 825887 348620 443276 477267 11693906 9898005 1600 1108987 15476406 13599472 340501 96264 1312184 1080843 412424 1468901 2065109 2646008 X 5595401 3950061 7815896 7003403 13411297 10953464 15476406 13599472 -706269 -1751564 0 X X 0 1 X 1 0 X 821911 1519169 1866880 4207960 1461357 2068424 4011770 7541551 2283268 3587593 5878650 11749511 20750 95000 267350 383100 0 20750 95000 267350 383100 11366411 55444 143941 154001 353386 55444 143941 154001 353386 608686 391800 73267 1073753 2947398 4123334 6105918 13176650 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 27,245. 2021 AMOUNT: $ 364. 2022 AMOUNT: $ 3,628. EVENT CANCELLATION INSURANCE CLAIM - 2020 AMOUNT: $ 581,441. 2021 AMOUNT: $ 391,436. REBATE INCOME - 2022 AMOUNT: $ 69,639. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7813146 55800 -1032031 240239 6596676 7109938 92150 895949 284891 7813146 0.83490 0.16510 0 0 251067 117878 133189 142107 121906 20201 432713 108836 323877 477267 OPERATING LEASE RIGHT-OF-USE ASSETS 1060086 FINANCE LEASE RIGHT-OF-USE ASSETS 48901 1108987 OPERATING LEASE LIABILITIES 1419655 FINANCE LEASE LIABILITIES 49246 1468901 X 4422084 -1751564 150000 -1601564 6023648 40703 40703 6064351 6879917 150000 150000 6729917 40703 40703 6770620 PART V, LINE 4: IWF'S ENDOWMENT WAS ESTABLISHED TO SUPPORT OUR LEADERSHIP DEVELOPMENT PROGRAMS. PART X, LINE 2: IWF WAS EXEMPT FROM THE PAYMENT OF TAXES ON INCOME OTHER THAN UNRELATED BUSINESS INCOME (UBI) UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. NO PROVISION FOR INCOME TAXES WAS REQUIRED FOR THE YEAR ENDED DECEMBER 31, 2022 AS IWF HAD NO NET UNRELATED BUSINESS INCOME. IWF EVALUATED ITS UNCERTAINTY IN INCOME TAXES FOR THE YEAR ENDED DECEMBER 31, 2022 AND DETERMINED THAT THERE ARE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR THAT MAY HAVE AN EFFECT ON ITS TAX-EXEMPT STATUS. AS OF DECEMBER 31, 2022, THE STATUTE OF LIMITATIONS REMAINED OPEN WITH THE U.S. FEDERAL JURISDICTION AND/OR THE VARIOUS STATES AND LOCAL JURISDICTIONS IN WHICH IWF FILES TAX RETURNS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS PENDING OR IN PROGRESS. IT IS IWF'S POLICY TO RECOGNIZE INTEREST AND PENALTIES RELATED TO UNCERTAINTY IN INCOME TAXES, IF ANY, IN INTEREST OR INCOME TAX EXPENSE. AS OF DECEMBER 31, 2022, IWF HAD NO ACCRUALS FOR INTEREST AND/OR PENALTIES. SOUTH AMERICA 0 0 PROGRAM SERVICES CORNERSTONE CONFERENCE 378136 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES EDUCATIONAL AND LEADERSHIP PROGRAM - INSEAD 201715 0 0 0 0 0 0 579851 0 579851 0 0 0 0 0 0 PART III ACCOUNTING METHOD: X X 0 0 0 0 0 0 0 0 0 STEPHANIE O'KEEFE CHIEF EXECUTIVE OFFICER 360000 0 60600 0 0 0 18300 0 18901 0 457801 0 0 0 HEATH NASH CHIEF OPERATING OFFICER 245840 0 35000 0 0 0 14750 0 10917 0 306507 0 0 0 LYNNE MANRIQUE VP, LEADERSHIP AND EDUCATIONAL PROGR 170000 0 0 0 0 0 10200 0 0 0 180200 0 0 0 RACHEL YOST DIRECTOR OF DEVELOPMENT 130000 0 12900 0 0 0 7800 0 5527 0 156227 0 0 0 KATYA WILDGEN VP, CREATIVE SERVICES AND PRODUCTION 130000 0 13000 0 0 0 7200 0 5527 0 155727 0 0 0 X COST OF HOTEL ROOMS AND AIRFARE 3 22391 FMV X CATERING COSTS 1 18800 FMV X SHIPPING COSTS 1 1309 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE EXERCISES THE POWERS AND DUTIES OF THE BOARD BETWEEN BOARD MEETINGS AND WHILE THE BOARD IS NOT IN SESSION ON MATERIAL MATTERS THAT MAY ARISE IN THE INTERIM. THE EXECUTIVE COMMITTEE IMPLEMENTS THE POLICY DECISIONS OF THE BOARD AND HAS THE AUTHORITY TO EXERCISE ALL POWERS AND AUTHORITY OF THE BOARD, INCLUDING WITHOUT LIMITATION, THE POWERS AND AUTHORITY ENUMERATED IN THE BYLAWS OF THE ORGANIZATION. THE EXECUTIVE COMMITTEE IS A COMMITTEE COMPRISED OF THE OFFICERS OF THE CORPORATION, THE CHAIR OF THE PRESIDENTS' COUNCIL AND ONE (1) ADDITIONAL MEMBER TO BE APPOINTED BY THE PRESIDENT. FORM 990, PART VI, SECTION A, LINE 4 MAJOR CHANGES MADE TO THE ORGANIZATION'S BYLAWS IN 2022 INCLUDED THE FOLLOWING: 1) REDUCED NUMBER OF DIRECTORS FROM 23 TO 21 EFFECTIVE YEAR 2024. 2) EMPHASIZED THAT THE BOARD MEMBER SELECTION IS BASED ON DOCUMENTED EVALUATIVE CRITERIA. 3) ADDED A LANGUAGE THAT A DIRECTOR MAY BE REMOVED FOR FAILURE TO FULFILL HER ANNUAL FINANCIAL COMMITMENT. 4) SPECIFIED THAT AT LEAST TWO BOARD MEMBERS MUST SERVE ON ALL COMMITTEES, EXCEPT FOR THE NOMINATING COMMITTEE. REDUCED THE NUMBER OF STANDING COMMITTEES, CONSOLIDATE AND SHIFT SOME RESPONSIBILITIES TO ADHOC COMMITTEES AND THE PRESIDENT'S COUNCIL REPOSITIONED LANGUAGE ON APPOINTMENT OF COMMITTEE AND SUBCOMMITTEE CHAIRS AND MEMBERS. CLARIFIED ON WHICH COMMITTEES THE PRESIDENT SERVES. 5) IMPROVED READABILITY, CLARITY TIMELINESS ON REPORTING OF ACTIONS TAKEN, AFFIRM EXISTING PRACTICE ON EXECUTIVE COMMITTEE'S ROLE IN CEO'S ANNUAL REVIEW AND COMPENSATION APPROVAL. 6) ELIMINATED DUPLICATIVE LANGUAGE AND CLARIFIED THAT THE CHAIR OF THE AUDIT AND FINANCE COMMITTEE IS A NONVOTING MEMBER OF THE ENDOWMENT SUBCOMMITTEE. 7) FOLDED THE FELLOWS RECRUITMENT COMMITTEE RESPONSIBILITIES INTO THE EDUCATIONAL PROGRAMS COMMITTEE OR AN AD HOC SUBCOMMITEE; REMOVED THE COMMUNICATIONS COMMITTEE AS STANDING COMMITTEE; ALLOWED FOR NON-BOARD MEMBERS TO SERVE ON THE PARTNERSHIP COMMITTEE AND ADDED THE ROLE OF COMMITTEE CHAIR; MADE THE FORUM SUSTAINABILITY COMMITTEE AN AD HOC COMMITTEE; CONSOLIDATED THE ROLE OF BEST PRACTICE SHARING WITHIN THE PRESIDENTS' COUNCIL AND FOCUS THE FORUM SUSTAINABILITY COMMITTEE SPECIFICALLY ON MONITORING FORUM HEALTH AND ASSISTING STRUGGLING FORUMS; AND COMBINED THE FORUM DEVELOPMENT AND MEMBER-AT-LARGE COMMITTEES. 6) CLARIFIED THAT THE PRESIDENTS' COUNCIL MEETING ALIGNED WITH THE WORLD LEADERSHIP CONFERENCE IS THE ANNUAL MEETING OF IWF. FORM 990, PART VI, SECTION A, LINE 6 MEMBER FORUMS SHALL BE THOSE ORGANIZATIONS AT THE LOCAL AND NATIONAL LEVEL AROUND THE WORLD THAT APPLY FOR MEMBERSHIP, PAY DUES ON A SCHEDULE APPROVED BY THE BOARD, AND MEET ANY OTHER REQUIREMENTS AND CRITERIA APPROVED BY THE BOARD. THE INDIVIDUALS WHO COMPRISE EACH MEMBER FORUM WILL BE KNOWN WITHIN THE CORPORATION AS ASSOCIATES OR MEMBER FORUM ASSOCIATES. MEMBER FORUM ASSOCIATES SHALL NOT BE CONSIDERED MEMBERS OF THE CORPORATION OR EXERCISE VOTING RIGHTS WITHIN THE CORPORATION. MEMBERSHIP SHALL BE FOR ONE YEAR AT A TIME, WITH DUES PAYABLE ANNUALLY. ONLY ORGANIZATIONS, AND NOT INDIVIDUALS, CAN BE MEMBER FORUMS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERSHIP (THE FORUM PRESIDENTS AS WE ARE A CONFEDERATION OF AFFILIATED FORUMS) DIRECTLY ELECTS 6 DIRECTORS TO THE BOARD. THE MEMBERSHIP, REPRESENTED BY FORUM PRESIDENTS ALSO ELECTS 3 MEMBERS OF A 10 MEMBER NOMINATING COMMITTEE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS COMPLETED BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE A DRAFT OF THE RETURN IS AVAILABLE, A COMPLETED COPY OF FORM 990 IS FURNISHED TO AND REVIEWED BY THE CHIEF EXECUTIVE OFFICER AND THE TREASURER. FORM 990, PART VI, SECTION B, LINE 12C WHENEVER A DIRECTOR, OFFICER, OR COMMITTEE MEMBER BECOMES AWARE OF A POTENTIAL CONFLICT OF INTEREST, WHETHER FINANCIAL OR OTHERWISE, S/HE SHALL MAKE THE SITUATION KNOWN TO THE BOARD OR COMMITTEE (AS THE CASE MIGHT BE) AND PROVIDE ALL FACTS MATERIAL TO UNDERSTANDING THE NATURE AND SCOPE OF THE CONFLICT, INCLUDING WHETHER THE INTERESTED PERSON BELIEVES HIS OR HER ABILITY TO MAKE AN INDEPENDENT DECISION BASED SOLELY ON THE BEST INTEREST OF THE IWF HAS BEEN COMPROMISED. IF THE INTERESTED PERSON INVOLVED DOES NOT MAKE THIS DISCLOSURE, ANOTHER DIRECTOR OR COMMITTEE MEMBER WITH KNOWLEDGE OF THE POTENTIAL CONFLICT SHOULD DRAW IT TO THE BODY'S ATTENTION. THE INTERESTED PERSON WITH THE POTENTIAL CONFLICT MUST RETIRE FROM THE MEETING AND NOT PARTICIPATE IN FINAL DISCUSSION AND VOTING ON THE EXISTENCE OF THE CONFLICT. IF A CONFLICT IS FOUND TO EXIST, THE INTERESTED PERSON MAY BE INVITED TO PROVIDE ANY RELEVANT INFORMATION THAT COULD BE OF USE TO THE BOARD IN MAKING ITS DECISION, BUT SHALL AGAIN RETIRE AND NOT PARTICIPATE IN THE FINAL DISCUSSION AND VOTING REGARDING THE TRANSACTION. THE BOARD OR COMMITTEE'S DECISION SHALL BE BASED ON CONSIDERATION OF WHETHER THE TRANSACTION; A. IS IN THE IWF'S BEST INTEREST AND FOR ITS OWN BENEFIT; B. IS FAIR AND REASONABLE TO THE IWF; AND C. IS THE MOST ADVANTAGEOUS TRANSACTION OR ARRANGEMENT THE IWF CAN OBTAIN WITH REASONABLE EFFORTS UNDER THE CIRCUMSTANCES. PROCEDURE: STAFF WHENEVER A STAFF MEMBER BECOMES AWARE OF A POTENTIAL CONFLICT OF INTEREST IN AN AREA WHERE S/HE EXERCISES ANY DISCRETION IN CARRYING OUT HER/HIS DUTIES FOR THE IWF, S/HE SHALL PROMPTLY DISCLOSE THE POTENTIAL CONFLICT TO AN IMMEDIATE SUPERVISOR. THE SUPERVISOR SHALL GATHER PERTINENT INFORMATION AND REPORT THE POTENTIAL CONFLICT TO THE CHIEF OPERATING OFFICER, TOGETHER WITH A RECOMMENDATION FOR ACTION. THE CHIEF OPERATING OFFICER SHALL DETERMINE WHETHER A CONFLICT EXISTS THAT REQUIRES RECUSAL OF THE INTERESTED PERSON. WHEN A CONFLICT IS FOUND TO EXIST, THE INTERESTED PERSON SHALL PROVIDE THE SUPERVISOR WITH ALL INFORMATION S/HE HAS RELEVANT TO ANY DECISION TO BE MADE IN WHICH S/HE HAS AN INTEREST, AND THE FINAL DECISION SHALL BE MADE BY THE CHIEF EXECUTIVE OFFICER BASED ON A RECOMMENDATION FROM THE SUPERVISOR. IF THE CHIEF EXECUTIVE OFFICER HAS A POTENTIAL CONFLICT, S/HE SHALL DISCLOSE IT TO THE BOARD PRESIDENT OR HIS OR HER DESIGNEE WHO SHALL DETERMINE THE EXISTENCE OF A CONFLICT. AT HIS OR HER DISCRETION, THE PRESIDENT MAY REFER THE MATTER TO A COMMITTEE OF THE BOARD OR THE FULL BOARD. ANNUAL DISTRIBUTION, ACKNOWLEDGMENT, AND DISCLOSURE THIS CONFLICT OF INTEREST POLICY SHALL BE DISTRIBUTED ANNUALLY TO ALL DIRECTORS, OFFICERS, MEMBERS OF BOARD COMMITTEES, AND STAFF. ALL COVERED INDIVIDUALS SHALL SIGN AN ANNUAL ACKNOWLEDGMENT THAT THEY HAVE RECEIVED A COPY OF THIS POLICY, UNDERSTAND IT, AND AGREE TO ABIDE BY ITS TERMS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE CEO AND MANAGEMENT TEAM ARE MEASURED AGAINST COMPENSATION IN NONPROFIT ORGANIZATIONS STUDIES WHOSE METRICS INCLUDE THE SIZE OF STAFF, BUDGET, INTERNATIONAL REACH AND AGAINST COST FACTORS FOR THE WASHINGTON, DC METROPOLITAN AREA. FOR THE CEO, COMPENSATION IS THEN REVIEWED AND SET BY THE IWF EXECUTIVE COMMITTEE; AND THEN INCLUDED IN THE BUDGET REVIEWED BY THE FINANCE COMMITTEE AND IWF BOARD. ADDITIONALLY, THE CEO UNDERGOES A REVIEW EVERY YEAR BY THE PRESIDENT, MEASURING THE CEO'S PERFORMANCE AGAINST THE STRATEGIC PLAN. THIS WAS MOST RECENTLY COMPLETED IN 2021. FORM 990, PART VI, SECTION C, LINE 19 THE INTERNATIONAL WOMENS FORUM MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.