2014-05-15T08:41:24-05:00 2013-12-31 135381590 BDO USA LLP 7101 WISCONSIN AVE SUITE 800 BETHESDA MD 208144827 990 2013-01-01 521231983 AGA KHAN FOUNDATION USA AGAK 2022932537 1825 K STREET NW NO 901 WASHINGTON DC 20006 NOORDIN MOLOO CHIEF FINANCIAL OFFICER 2022932537 2014-05-15 1 JOYCE M UNDERWOOD P00022361 3016544900 2013 2015-11-30 17:44:51Z NOORDIN MOLOO 1825 K STREET NW NO 901 WASHINGTON DC 20006 37984814 0 X WWW.AKDN.ORG AND PARTNERSHIPSINACTION.ORG X 1981 DC THE AGA KHAN FOUNDATION U.S.A. IS A PUBLIC, NON-DENOMINATIONAL, PHILANTHROPIC ORGANIZATION ESTABLISHED BY HIS HIGHNESS THE AGA KHAN. IT SEEKS TO PROMOTE SOCIAL DEVELOPMENT, PRIMARILY IN LOW INCOME COUNTRIES OF ASIA & AFRICA BY FUNDING PROGRAMS IN HEALTH, EDUCATION, RURAL DEVELOPMENT, CIVIL SOCIETY STRENGTHENING, AND THE ENVIRONMENT. 10 10 50 2000 0 0 38785378 38267393 0 0 91469 84932 -1461985 -1299842 37414862 37052483 34154296 27671214 0 0 2634699 2723878 0 0 117327 3179800 3215890 39968795 33610982 -2553933 3441501 153943057 159676377 1862847 3809755 152080210 155866622 X THE AGA KHAN FOUNDATION U.S.A. IS A PUBLIC, NON-DENOMINATIONAL, PHILANTHROPIC ORGANIZATION ESTABLISHED BY HIS HIGHNESS THE AGA KHAN. IT SEEKS TO PROMOTE SOCIAL DEVELOPMENT, PRIMARILY IN LOW INCOME COUNTRIES OF ASIA & AFRICA BY FUNDING PROGRAMS IN HEALTH, EDUCATION, RURAL DEVELOPMENT, CIVIL SOCIETY STRENGTHENING, AND THE ENVIRONMENT. 0 0 3242345 3242345 EDUCATION FOR MARGINALIZED CHILDREN IN KENYA (EMACK). OBJECTIVES: TO ENSURE EQUITABLE ACCESS TO QUALITY BASIC EDUCATION FOR MARGINALIZED CHILDREN IN THE COAST AND NORTH EASTERN PROVINCESS OF KENYA. EMACK EMPLOYS A STRATEGY THAT STRENGTHENS THE ENTIRE SCHOOL COMMUNITY TO CREATE A PRIMARY SCHOOL LEARNING ENVIRONMENT IN WHICH PARENTS SUPPORT, CHILDREN ENJOY, AND TEACHERS FACILITATE QUALITY EDUCATION. IN THE NORTH EASTERN PROVINCE IN PARTICULAR, EMACK INDENTIFIES AND ADDRESSESS THE UNIQUE EDUCATIONAL NEEDS OF CHILDREN FROM PASTORALIST COMMUNITIES. 2675000 2675000 GOLDEN JUBILEE PROJECTS. OBJECTIVES: TO MAKE IT POSSIBLE FOR POOR PEOPLE TO ACT IN WAYS THAT WILL LEAD TO LONG-TERM IMPROVEMENTS IN THEIR INCOME AND HEALTH, IN THE ENVIRONMENT, AND IN THE EDUCATION OF THEIR CHILDREN; TO PROVIDE COMMUNITIES WITH A GREATER RANGE OF CHOICES AND THE UNDERSTANDING NECESSARY TO TAKE INFORMED ACTION; TO ENABLE BENEFICIARIES TO GAIN THE CONFIDENCE AND COMPETENCE TO PARTICIPATE IN THE DESIGN, IMPLEMENTATION, AND CONTINUING OPERATION OF ACTIVIITES THAT AFFECT THE QUALITY OF THEIR LIVES; (SEE SCHEDULE O FOR CONTINUATION.) 2590220 2590220 HEAD START EGYPT. OBJECTIVES: HEAD START EGYPT CREATES EMPLOYMENT OPPORTUNITIES FOR YOUTH BY PROMOTING YOUTH ENTREPRENEURSHIP THROUGH IMPROVED ACCESS TO FINANCE AND TO VOCATIONAL TRAINING. IT ALSO PROVIDES SHORT-TERM JOB OPPORTUNITIES FOR YOUTH THROUGH THE VARIOUS PROJECTS IMPLEMENTED BY THE LOCAL COMMUNITY ORGANIZATIONS TO FOSTER COMMUNITY DEVELOPMENT FOR SUSTAINED ECONOMIC GROWTH. 20938575 19163649 IN 2013, AKF U.S.A. ACTIVE GRANTS SUPPORTED INTERVENTIONS IN AFGHANISTAN, KENYA, MALI, MOZAMBIQUE, PAKISTAN, EGYPT, TANZANIA, AND TAJIKISTAN. THE DIVERSE PROGRAM PORTFOLIO INCORPORATES MULTI-SECTOR PROGRAMS SUCH AS THE MALI, TAJIKISTAN, AND AFGANISTAN AREA DEVELOPMENT PROGRAMS, AS WELL AS THE SECTOR SPECIFIC INTERVENTIONS IN EDUCATION (EMACK), HEALTH (CCSP), RURAL DEVELOPMENT AND CIVIL SOCIETY (MIAD). IN ADDITION, AKF U.S.A. ACTIVELY SUPPORTS COMPLIMENTARY AND INNOVATIVE PROGRAMMING, FOR EXAMPLE, MULTI INPUT AREA DEVELOPMENT IN AFGANISTAN, EARLY CHILDHOOD EDUCATION IN EAST AFRICA, AND HUMAN RESOURCE DEVELOPMENT THROUGH THE INTERN AND SCHOLARSHIP PROGRAMS. ACTIVE AKF U.S.A. GRANTS DIRECTLY BENEFITED OVER 250,000 PEOPLE IN 2013. 20938575 19163649 29446140 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 1 1 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 15 0 1 50 1 0 0 0 0 0 1 1 0 0 0 0 X 10 10 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X NOORDIN MOLOO CFO - AGA KHAN FOUND 2022932537 1825 K STREET NW NO 901 WASHINGTON DC 20006 HIS HIGHNESS SHAH KARIM AL-HUSSEINI AGA KHAN, CHAIRMAN 1.00 X 0 0 0 PRINCE AMYN AGA KHAN DIRECTOR 1.00 X 0 0 0 MAITRE ANDRE ARDOIN DIRECTOR 1.00 X 0 0 0 GUILLAME DE SPOELBERCH DIRECTOR 1.00 X 0 0 0 MOHAMED ASHRAF RAMJI SECRETARY/TREASURER 5.00 X X 0 0 0 AZIZ VALLIANI CHAIRMAN NATIONAL COMMITTEE 5.00 X 0 0 0 JEHAN VELJI MEMBER, NATIONAL COMMITTEE 1.00 X 0 0 0 SULTANA MANGALJI MEMBER, NATIONAL COMMITTEE 1.00 X 0 0 0 ZAMILA KARIMI MEMBER, NATIONAL COMMITTEE 1.00 X 0 0 0 ALNOOR SHIVJI MEMBER, NATIONAL COMMITTEE 1.00 X 0 0 0 MIRZA JAHANI CHIEF EXECUTIVE OFFICER 40.00 X 253025 0 41317 NOORDIN MOLOO CHIEF FINANCIAL OFFICER 40.00 X 152913 0 18818 FREDERICK KELLETT DIRECTOR OF PROGRAMS 40.00 X 140157 0 11680 KARIM JUMA ASSOC. DIR-DONOR SERVICES 40.00 X 122656 0 16698 668751 0 88513 5 0 1 0 0 7715814 3225348 14538129 12788102 2704708 38267393 88516 88516 80174 83758 -3584 -3584 -3584 276898 7715814 848573 -571675 -571675 PREMIUMS NET CSV-ANNUI 900099 -728167 -728167 -728167 37052483 0 0 -1214910 970745 970745 116200 116200 26584269 26584269 466073 466073 1835200 58472 1776728 70986 70986 189890 5296 184594 161729 4460 157269 70953 66253 4700 5871 5871 100713 47205 53508 98456 38960 59496 231577 224555 7022 54949 49129 5820 317231 303791 13440 311599 63594 216456 31549 38978 38978 1322195 1273715 48480 6459 6459 DOUBTFUL PLEDGE EXPENSE 534808 534808 TAXES AND LICENSES 122101 122101 COST ALLOCATION 0 255931 -255931 33610982 29446140 4047515 117327 1000 1000 48274769 49961961 15649781 17478462 3234 23478 12500 91150188 16076520 74792935 75073668 13545340 15177523 1663498 1960285 153943057 159676377 424213 419576 1137949 2498634 191270 841332 109415 50213 1862847 3809755 X 136837837 139296388 15242373 16570234 152080210 155866622 153943057 159676377 3441501 344911 0 X X 0 1 X 1 1 1 X 28750432 28083631 31523694 38785378 38031331 165174466 28750432 28083631 31523694 38785378 38031331 165174466 17165322 148009144 177511 199722 -515995 103039 88516 52793 20251 8848 28962 315607 276898 650566 165877825 0.89230 0.88410 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING EVENT INCOME RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 60673676 60673676 30142078 15787201 14354877 255583 221376 34207 41023 30115 10908 37828 37828 0 75073668 CSV OF LIFE INSURANCE POLICIES 12325857 F EQUITY INVESTMENTS 2851666 F 15177523 DEFERRED RENT 50213 50213 X 38245967 344911 344911 37901056 -848573 -848573 37052483 34459555 848573 848573 33610982 0 33610982 PART X, LINE 2: THE FOUNDATION HAS ADOPTED ASC 740-10 (FASB INTERPRETATION NO. 48 (FIN 48)), ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. UNDER ASC 740-10, THE FOUNDATION MUST RECOGNIZE THE TAX BENEFIT ASSOCIATED WITH TAX POSITIONS TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE-LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED. THE FOUNDATION DOES NOT BELIEVE THERE ARE ANY UNRECOGNIZED TAX BENEFITS THAT WILL NEED TO BE RECORDED. FOR THE YEARS ENDED DECEMBER 31, 2013 AND 2012, RESPECTIVELY, THERE WERE NO INTEREST OR PENALTIES RECORDED OR INCLUDED IN THE STATEMENTS OF ACTIVITIES. THE FOUNDATION IS STILL OPEN TO EXAMINATION BY TAXING AUTHORITIES FROM 2010 FORWARD. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -848,573. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 848,573. 1 SUB-SAHARAN AFRICA 0 0 GRANT RURAL DEVELOPMENT 1671421 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANT EDUCATION 463338 RUSSIA & THE NEWLY INDEPENDENT STATES 0 0 GRANT EDUCATION 349010 SOUTH ASIA 0 0 GRANT CIVIT SOCIETY 1975583 SOUTH ASIA 0 0 GRANT DIASTER RESPONSE 968980 SOUTH ASIA 0 0 GRANT MICRO FINANCE 75636 SOUTH ASIA 0 0 GRANT MULTI INPUT 831582 SOUTH ASIA 0 0 GRANT RURAL DEVELOPMENT 1075169 SUB-SAHARAN AFRICA 0 0 GRANT EDUCATION 3524285 SUB-SAHARAN AFRICA 0 0 GRANT MICRO FINANCE 130080 MIDDLE EAST AND NORTH AFRICA 0 0 GRANT EDUCATION 223261 MIDDLE EAST AND NORTH AFRICA 0 0 GRANT MICRO FINANCE 278045 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANT INSTITUTIONAL SUPPORT 2675000 RUSSIA & THE NEWLY INDEPENDENT STATES 0 0 GRANT CIVIT SOCIETY 739840 SUB-SAHARAN AFRICA 0 0 GRANT EDUCATION 154669 SUB-SAHARAN AFRICA 0 0 GRANT RURAL DEVELOPMENT 1923631 SUB-SAHARAN AFRICA 0 0 GRANT EDUCATION 57658 SUB-SAHARAN AFRICA 0 0 GRANT RURAL DEVELOPMENT 875882 SOUTH ASIA 0 0 GRANT HEALTH 405776 RUSSIA & THE NEWLY INDEPENDENT STATES 0 0 GRANT CIVIT SOCIETY 103938 RUSSIA & THE NEWLY INDEPENDENT STATES 0 0 GRANT EDUCATION 519880 RUSSIA & THE NEWLY INDEPENDENT STATES 0 0 GRANT RURAL DEVELOPMENT 697404 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANT EDUCATION 490429 SOUTH ASIA 0 0 GRANT RURAL DEVELOPMENT 500000 SUB-SAHARAN AFRICA 0 0 GRANT EDUCATION 505480 SOUTH ASIA 0 0 GRANT HEALTH 379898 MIDDLE EAST AND NORTH AFRICA 0 0 GRANT MICRO FINANCE 2284788 SOUTH ASIA 0 0 GRANT DIASTER RESPONSE 2500000 RUSSIA & THE NEWLY INDEPENDENT STATES 0 0 GRANT EDUCATION 64392 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANT EDUCATION 139213 SOUTH ASIA INVESTMENT 2851666 0 0 0 0 0 0 7410719 22025215 29435934 SUB-SAHARAN AFRICA RURAL DEVELOPMENT 1671421 WIRE TRANSFER EUROPE (INCLUDING ICELAND & GREENLAND) EDUCATION 463338 WIRE TRANSFER RUSSIA & THE NEWLY INDEPENDENT STATES EDUCATION 349010 WIRE TRANSFER SOUTH ASIA CIVIT SOCIETY 1975583 WIRE TRANSFER SOUTH ASIA DIASTER RESPONSE 968980 WIRE TRANSFER SOUTH ASIA MICRO FINANCE 75636 WIRE TRANSFER SOUTH ASIA MULTI INPUT 831582 WIRE TRANSFER SOUTH ASIA RURAL DEVELOPMENT 1075169 WIRE TRANSFER SUB-SAHARAN AFRICA EDUCATION 3524285 WIRE TRANSFER SUB-SAHARAN AFRICA MICRO FINANCE 130080 WIRE TRANSFER MIDDLE EAST AND NORTH AFRICA EDUCATION 223261 WIRE TRANSFER MIDDLE EAST AND NORTH AFRICA MICRO FINANCE 278045 WIRE TRANSFER EUROPE (INCLUDING ICELAND & GREENLAND) INSTITUTIONAL SUPPORT 2675000 WIRE TRANSFER RUSSIA & THE NEWLY INDEPENDENT STATES CIVIT SOCIETY 739840 WIRE TRANSFER SUB-SAHARAN AFRICA EDUCATION 154669 WIRE TRANSFER SUB-SAHARAN AFRICA RURAL DEVELOPMENT 1923631 WIRE TRANSFER SUB-SAHARAN AFRICA EDUCATION 57658 WIRE TRANSFER SUB-SAHARAN AFRICA RURAL DEVELOPMENT 875882 WIRE TRANSFER SOUTH ASIA HEALTH 405776 WIRE TRANSFER RUSSIA & THE NEWLY INDEPENDENT STATES CIVIT SOCIETY 103938 WIRE TRANSFER RUSSIA & THE NEWLY INDEPENDENT STATES EDUCATION 519880 WIRE TRANSFER RUSSIA & THE NEWLY INDEPENDENT STATES RURAL DEVELOPMENT 697404 WIRE TRANSFER EUROPE (INCLUDING ICELAND & GREENLAND) EDUCATION 490429 WIRE TRANSFER SOUTH ASIA RURAL DEVELOPMENT 500000 WIRE TRANSFER SUB-SAHARAN AFRICA EDUCATION 505480 WIRE TRANSFER SOUTH ASIA HEALTH 379898 WIRE TRANSFER MIDDLE EAST AND NORTH AFRICA MICRO FINANCE 2284788 WIRE TRANSFER SOUTH ASIA DIASTER RESPONSE 2500000 WIRE TRANSFER RUSSIA & THE NEWLY INDEPENDENT STATES EDUCATION 64392 WIRE TRANSFER EUROPE (INCLUDING ICELAND & GREENLAND) EDUCATION 139213 WIRE TRANSFER 20 0 0 0 1 0 0 0 PART I, LINE 2: AKF U.S.A. HAS THE FOLLOWING PROCEDURES IN PLACE FOR MONITORING THE USE OF GRANT FUNDS OUTSIDE THE UNITED STATES: - GRANT AGREEMENTS AND MEMORANDUMS OF UNDERSTANDING ARE SIGNED WITH ALL IMPLEMENTING PARTNERS IN THE FIELD OUTLINING THEIR OBLIGATIONS AND RESPONSIBILITIES VIS-A-VIS USE OF GRANTED U.S. GOVERNMENT AND/OR PRIVATE FOUNDATION FUNDS; - IMPLEMENTING PARTNERS SUBMIT AT A MINIMUM, QUARTERLY FINANCIAL AND NARRATIVE REPORTS. THESE REPORTS ARE ANALYZED AT THE AKF U.S.A. OFFICE FOR INTERNAL DESCREPANCIES AND FOR ANY DISALLOWABLE SPENDING OR ACTIVITES; - RESPONSIBLE OFFICERS FROM AKF U.S.A. VISIT IMPLEMENTING PARTNERS IN THE FIELD TO ENGAGE ON GRANT COMPLIANCE. THE FREQUENCY OR TIMING OF THESE VISITS IS DETERMINED BY THE NATURE OF A PARTICULAR GRANT AND THE INTERNAL MONITORING CAPACITIES OF A PARTICULAR IMPLEMENTING PARTNER. PART I, LINE 3: METHOD USED TO ACCOUNT FOR EXPENDITURES IS ACCRUAL BASIS. PARTNERSHIP WALK 6701362 6701362 513233 PARTNERSHIP GOLF 1291350 1014452 276898 276898 58442 7992712 7715814 276898 276898 571675 848573 -571675 1 HH PRINCE AGA KHAN SHIA IMAMI ISMAILI COUNCIL FOR USA 1700 FIRST COLONY SUGAR LAND TX 77479 061204397 572977 HEALTH & QUALITY OF LIFE MANAGEMENT SYSTEM INT'L (MSI) 600 WATER STREET SW WASHINGTON DC 20024 521215041 93068 RESEARCH ASSISTANCE SYNERGOS 51 MADISON AVE NEW YORK NY 10010 133392006 501(C)(3) 129651 CIVIL SOCIETY 1 2 AKF USA INTERNSHIP PROGRAM 10 116200 PART I, LINE 2: AKF U.S.A. HAS IN PLACE THE FOLLOWING PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS IN THE UNITED STATES: - GRANT AGREEMENTS ARE SIGNED WITH ALL IMPLEMENTING PARTNERS IN THE FIELD OUTLINING THEIR RESPONSIBILITIES AND OBLIGATIONS. - IMPLEMENTING PARTNERS SUBMIT, AT A MINIMUM QUARTERLY FINANCIAL AND NARRATIVE REPORTS. THESE REPORTS ARE ANALYZED AT THE AKF U.S.A. OFFICE FOR INTERNAL DESCREPANCIES AND FOR ANY DISALLOWABLE SPENDING OR ACTIVITIES. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 MIRZA JAHANI CHIEF EXECUTIVE OFFICER 228365 0 0 0 24660 0 18441 0 22876 0 294342 0 0 0 NOORDIN MOLOO CHIEF FINANCIAL OFFICER 152913 0 0 0 0 0 13002 0 5816 0 171731 0 0 0 FREDERICK KELLETT DIRECTOR OF PROGRAMS 140157 0 0 0 0 0 3580 0 8100 0 151837 0 0 0 PART I, LINE 1A THE CEO RECEIVES MONTHLY HOUSING AND PARKING ALLOWANCES (WITH PAYROLL) AND ALSO GETS REIMBURSEMENT FOR AN EXECUTIVE CLUB MEMBERSHIP. X 12 83758 FAIR MARKET VALUE X 2 2620950 FAIR MARKET VALUE 0 1 1 PART I, LINE 32B: IN ACCORDANCE WITH THE USDA GRANT AGREEMENT, THE ORGANIZATION USED THE SERVICES OF ACDI/VOCA TO MONETIZE THE DONATED FOOD INVENTORY IN ORDER TO GENERATE CASH PROCEEDS (MONETIZATION PROCEEDS) TO FINANCE PROGRAM COSTS. FORM 990, PART III, LINE 4B GOLDEN JUBILEE PROJECTS-PROGRAM SERVICE ACCOMPLISHMENTS (CONTINUED): TO PUT INSTITUTIONAL, MANAGEMENT, AND FINANCIAL STRUCTURES IN PLACE TO ENSURE THAT PROGRAMME ACTIVITIES ARE SUSTAINABLE WITHOUT THE FOUNDATION'S ASSISTANCE WITHIN A REASONABLE TIME-FRAME; BUILDING SELF-RELIANCE AND FORGING NEW ATTITUDES, SKILLS, AND ORGANIZATIONAL ABILITIES TAKES TIME. THE FOUNDATION HAS THE OPTION OF MAKING LONG-TERM COMMITMENTS TO A PARTICULAR REGION OR PROBLEM. ACCOMPLISHMENTS OF THE GOLDEN JUBILEE PROJECTS: THE FUNDS HAVE BEEN RECEIVED BY THE AGA KHAN FOUNDATION GENEVA AND ARE BEING POOLED AS PART OF THE RESERVES FROM OTHER COUNTRIES. THESE FUNDS ARE FOR THE GOLDEN JUBILEE CHARITABLE PROJECTS OF THE AGA KHAN DEVELOPMENT NETWORK. FORM 990, PART VI, SECTION A, LINE 2 HIS HIGHNESS SHAH KRIM AL-HUSSEINI AGA KHAN AND PRINCE AMYN AGA KHAN ARE BROTHERS. FORM 990, PART VI, SECTION B, LINE 11 PRIOR TO FILING THE IRS FORM 990 AN ELECTRONIC COPY IS SENT TO BOARD REPRESENTATIVES AND AUDIT/NATIONAL COMMITTEE OF AKF USA FOR REVIEW AND APPROVALS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD AND MANAGEMENT HAVE THE RESPONSIBILITY OF ADMINISTERING THE AFFAIRS OF AKF U.S.A. HONESTLY AND PRUDENTLY, AND OF EXERCISING THEIR BEST CARE, SKILL AND JUDGEMENT OF THE SOLE BENEFIT OF AKF U.S.A. THOSE PERSONS SHALL EXERCISE THE UPMOST GOOD FAITH IN ALL TRANSACTIONS INVOLVED IN THEIR DUTIES, AND THEY SHALL NOT USE THEIR POSITIONS WITH AKF U.S.A. OR KNOWLEDGE GAINED THERE FOR THEIR PERSONAL BENEFIT. THIS STATEMENT IS DIRECTED NOT ONLY TO DIRECTORS AND OFFICERS, BUT TO ALL EMPLOYEES WHO CAN INFLUENCE THE ACTION OF AKF U.S.A. TRANSACTIONS BETWEEN THE AKF U.S.A. AND VENDORS ARE REGULARLY REVIEWED BY THE CEO AND CFO TO VERIFY THAT NO CONFLICT OF INTEREST HAS TAKEN PLACE INVOLVING ANY OF THE ABOVE MENTIONED PERSONS AND AKF U.S.A. VENDORS. IF A CONFLICT OF INTEREST SHOULD ARISE, THE NATIONAL COMMITTEE WILL DETERMINE WHETHER THE TRANSACTION IS IN THE BEST INTEREST OF AKF U.S.A. THE NATIONAL COMMITTEE SHALL HAVE THE SOLE DISCRETION TO TAKE ACTION AND ADMINISTER THE APPROPRIATE RESOLUTION SHOULD THE TRANSACTIONS BE DEEMED NOT IN THE BEST INTEREST OF AKF U.S.A. FORM 990, PART VI, SECTION B, LINE 15 15A - THE COMPENSATION OF THE CEO IS DETERMINED BY THE HUMAN RESOURCES COMMITTEE OF THE BOARD OF THE AGA KHAN FOUNDATION. THE HUMAN RESOURCES COMMITTEE REVIEWS THE REQUEST FOR INCREASE AS PART OF THE ANNUAL BUDGET SUBMITTED FOR DELIBERATION TO THE BOARD OF THE AGA KHAN FOUNDATION. THE AKF U.S.A. CEO'S COMPENSATION IS COMPARED TO THE COMPENSATION OF THE FELLOW CEO'S EMPLOYED THROUGHOUT THE AGA KHAN DEVELOPMENT NETWORK AND IS APPROVED SUBSEQUENTLY BY THE AKF BOARD. THE APPROVAL IS COMMUNICATED TO THE CFO THROUGH THE CHAIRMAN OF THE NATIONAL COMMITTEE, WHO THEN INITIATES PAYMENT OF THE COMPENSATION. THERE IS NO COMPENSATION TO THE BOARD MEMBERS OF AKF U.S.A. 15B - KEY EMPLOYEE'S SALARY IS DETERMINED BY THE CEO AND IS SUBMITTED TO THE AKF BOARD AS PART OF THE ANNUAL BUDGET OF AKF USA. THE LEVEL OF COMPENSATION IS DETERMINED BY THE CEO FROM THE SALARY SURVEYS OF THE WASHINGTON D.C. AREA FOR SIMILAR POSITIONS AND MARKET PRESSURES. THE AKF BOARD APPROVES THE LEVEL OF COMPENSATION FOR EACH EMPLOYEE, INCLUDING KEY EMPLOYEES. THE APPROVAL IS COMMUNICATED TO THE CEO WHO NOTIFIES THE CFO TO INITIATE PAYMENT OF THE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE POSTED ON OWN WEBSITE AND ARE AVAILABLE TO THE PUBLIC. FORM 990, PART XII, LINE 2C THERE HAVE BEEN NO CHANGES DURING THE YEAR IN THE PROCESS FOR OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS. AGA KHAN FOUNDATION GENEVA 1-3 AVENUE DE LA PAIX GENEVA SZ 1211 SEE PART VII SZ SEE PART VII SEE PART VII N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 AGA KHAN FOUNDATION GENEVA C 3225348 WIRE TRANSFER AMOUNT SCHEDULE R, PART II PRIMARY ACTIVITY - AKF GENEVA SEEKS SUSTAINABLE SOLUTIONS TO LONG TERM PROBLEMS OF POVERTY, HUNGER, ILLITERACY, AND ILL-HEALTH WITH SPECIAL EMPHASIS ON THE NEEDS OF RURAL COMMUNITIES IN MOUNTAINOUS COASTAL AND OTHER RESOURCE-POOR AREAS. PROGRAM PRIORITIES ARE EDUCATION, HEALTH, RURAL DEVELOPMENT, CIVIL SOCIETY, WITH PARTICULAR EMPHASIS ON GENDER, THE ENVIRONMENT, THE PLURALISM AND HUMAN RESOURCE DEVELOPMENT. EXEMPT CODE SECTION: AKF GENEVA IS TAX EXEMPTED UNDER SWISS LAW FOR CHARITABLE ORGANIZATIONS. THERE IS NO SPECIFIC CODE. PUBLIC CHARITY STATUS: AKF GENEVA IS A PRIVATE FOUNDATION RECOGNIZED AS A NON-PROFIT CHARITABLE ORGANIZATION UNDER THE CONTROL OF THE SWISS FOUNDATION AUTHORITY.