2022-10-10T14:09:28-05:00 2021-12-31 410746749 CLIFTONLARSONALLEN LLP 901 NORTH GLEBE ROAD SUITE 200 ARLINGTON VA 22203 990 2021-01-01 840919612 INTERNATIONAL WOMEN'S FORUM INC INTE 2024126010 1155 15TH STREET NW 1000 WASHINGTON DC 20005 STEPHANIE O'KEEFE CHIEF EXECUTIVE OFFICER 2024126010 2022-10-10 1 STEPHANIE OKEEFE 999009999 J ANDREW SMITH P00635175 5712279500 2022-10-10 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z STEPHANIE O'KEEFE 1155 15TH STREET NW 1000 WASHINGTON DC 20005 13344492 0 X WWW.IWFORUM.ORG X 1982 DC ADVANCING WOMEN'S LEADERSHIP AND CHAMPIONING EQUALITY WORLDWIDE. 23 23 18 300 0 0 821911 1519169 1405990 2041884 66317 2672186 643252 409757 2937470 6642996 0 0 0 0 1391730 1877750 0 0 0 1266425 1754695 2658155 3632445 279315 3010551 5607512 15476406 1324630 2065109 4282882 13411297 X THE MISSION OF THE INTERNATIONAL WOMEN'S FORUM IS TO ADVANCE WOMEN'S LEADERSHIP AND CHAMPIONING 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 777025 1134204 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 7,800 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. 620745 77748 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 RIVAL DAVOS AND THE ASPEN INSTITUTE AND 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. 507595 544555 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. 411241 189744 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 RIVAL DAVOS AND THE ASPEN INSTITUTE AND 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. 360210 11932 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. 181444 83701 LEADERSHIP SHOWCASE: HALL OF FAME AWARDS 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 AWARDEES INCLUDE 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. 31133 0 OTHER PROGRAM SERVICES 984028 285377 2889393 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 20 0 18 1 0 0 0 0 1 1 0 0 0 0 0 X 23 23 0 0 1 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X STEPHANIE O'KEEFE 2024126010 1155 15TH STREET NW 1000 WASHINGTON DC 20005 HELEN RULE PRESIDENT 1.00 X X 0 0 0 CAROLYN CARTER VICE PRESIDENT 1.00 X X 0 0 0 ANA MUNOZ TREASURER/AUDIT & FINANCE COMMITTEE CHAIR 1.00 X X 0 0 0 KIMBERLY COOPER JAQUA DIRECTOR 1.00 X 0 0 0 JULIE GOLDSTEIN DIRECTOR 1.00 X 0 0 0 SUSAN HODKINSON DIRECTOR 1.00 X 0 0 0 NANCY LAUGHTON DIRECTOR 1.00 X 0 0 0 MARIA PATINO DIRECTOR 1.00 X 0 0 0 SANDY STASH DIRECTOR 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 SILVIA DAVILA DIRECTOR 1.00 X 0 0 0 ANNE DOYLE DIRECTOR 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 REEM ABU HASSAN DIRECTOR 1.00 X 0 0 0 REBECCA BARFKNECHT DIRECTOR - LEFT NOV 2021 1.00 X 0 0 0 SHANNON BLOCK DIRECTOR - LEFT NOV 2021 1.00 X 0 0 0 DANA MORRIS DIXON DIRECTOR - LEFT NOV 2021 1.00 X 0 0 0 STEPHANIE O'KEEFE CHIEF EXECUTIVE OFFICER/SE 40.00 X 438655 0 31102 HEATH NASH CHIEF OPERATING OFFICER 40.00 X 300211 0 18843 KATYA WILDGEN VP CREATIVE SERVICES 40.00 X 136155 0 6904 RACHEL YOST DIRECTOR, DEVELOPMENT 40.00 X 127271 0 6655 MARY GUIDO DIRECTOR, GLOBAL MEETINGS & EVENTS 40.00 X 118149 0 6738 1120441 0 70242 5 0 1 0 PAUL JOHNSON 26 MENDELSSONHOHN RD ROOSEVELT PAR JOHANNESBURG GAUTENG SF 2195 CONSULTING 130906 CLIFTONLARSONALLEN LLP 901 NORTH GELEB RD SUITE 200 ARLINGTON VA 22203 ACCOUNTING SERVICES 103037 2 46662 467654 1004853 1519169 MEMBERSHIP DUES 900099 1134204 1134204 FELLOWS TUITION 900099 544555 544555 REGISTRATION 900099 363125 363125 2041884 143941 143941 9221158 6692913 2528245 2528245 2528245 0 46662 1995 -1995 -1995 26540 6588 19952 19952 EVENT CANCELLATION INSURANCE CLAI 900099 391436 391436 364 26 338 391800 6642996 2061862 0 3061965 X 788822 645579 143243 873448 714836 158612 43820 35862 7958 81259 66503 14756 90401 73985 16416 12587 12587 173355 24952 148403 65239 65239 364636 350485 14151 48485 26457 22028 250104 198628 51476 182360 149816 32544 19016 12955 6061 264998 263679 1319 2659 1975 684 82115 71180 10935 18394 15111 3283 TUITION 184020 184020 CREDIT CARD AND BANK FE 26796 19620 7176 BAD DEBT 19279 18540 739 MEALS AND ENTERTAINMENT 5657 1145 4512 34995 14065 20930 3632445 2889393 743052 0 818756 1275946 336819 1673435 5000 15526 61652 34901 113212 286690 733282 290006 258804 443276 3568571 11693906 495824 1600 5607512 15476406 387143 340501 233700 1312184 246237 457550 412424 1324630 2065109 X 4282882 5595401 7815896 4282882 13411297 5607512 15476406 X 3010551 -1315315 7433179 X X 0 1 X 1 0 X 821911 1519169 2341080 1461357 2068424 3529781 2283268 3587593 5870861 20750 95000 115750 0 20750 95000 115750 5755111 55444 143941 199385 55444 143941 199385 608686 391800 1000486 2947398 4123334 7070732 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 27,245. 2021 AMOUNT: $ 364. EVENT CANCELLATION INSURANCE CLAIM - 2020 AMOUNT: $ 581,441. 2021 AMOUNT: $ 391,436. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7109938 92150 895949 -284891 7813146 1.00000 0 0 251067 97530 153537 177733 141072 36661 304482 51404 253078 443276 DEFERRED RENT AND LEASE INCENTIVE 399113 CAPITAL LEASE 13311 412424 X 5438017 -1315315 173580 -1141735 6579752 65239 -1995 63244 6642996 3742781 173580 1995 175575 3567206 65239 65239 3632445 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, 2021 AS IWF HAD NO NET UNRELATED BUSINESS INCOME. IWF EVALUATED ITS UNCERTAINTY IN INCOME TAXES FOR THE YEAR ENDED DECEMBER 31, 2021 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, 2021, 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, 2021, IWF HAD NO ACCRUALS FOR INTEREST AND/OR PENALTIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT EXPENSES FOR FUNDRAISING EVENT -1,995. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT EXPENSES FOR FUNDRAISING EVENT 1,995. IWF SILENT AUCTION 46662 46662 1995 46662 46662 1995 1995 -1995 X X 0 0 0 0 0 0 0 0 0 STEPHANIE O'KEEFE CHIEF EXECUTIVE OFFICER/SE 438111 0 0 0 544 0 17400 0 13702 0 469757 0 0 0 HEATH NASH CHIEF OPERATING OFFICER 300018 0 0 0 193 0 13875 0 4968 0 319054 0 0 0 PART I, LINE 3 DURING 2020 (DUE TO THE PANDEMIC AND UNCERTAINTY) STEPHANIE O'KEEFE AND HEATH NASH HAD A 25% REDUCTION IN SALARY. IN THE BEGINNING OF 2021, THE BOARD APPROVED THE REINSTATEMENT OF SALARIES AND "RETRO" PAY FOR UNPAID SALARY. 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 2021 INCLUDED THE FOLLOWING: 1) INCORPORATED NONPROFIT STATUS LANGUAGE PREVIOUSLY FEATURED WITHIN THE LEADERSHIP FOUNDATION BYLAWS 2) EXPANDED STATEMENT THAT COMMITTEE MEMBERS, ALONG WILL BOARD MEMBERS, WILL NOT BE COMPENSATED OR REIMBURSED FOR EXPENSES. 3) INCORPORATED STANDARD COMMITTEE REQUIREMENTS 4) CLARIFIED THE PRESIDENT'S COUNCIL CHAIR AND PRESIDENT'S APPOINTMENT TO THE EXECUTIVE COMMITTEE ARE ONE-YEAR TERMS 5) NOTED IF THE PRESIDENT IS UNABLE TO SERVE AND THE VICE-PRESIDENT STEPS INTO THE ROLE, THIS AMENDMENT LIMITS THE AMOUNT OF TIME THIS NEW PRESIDENT COULD SERVE TO NO MORE THAN 3 YEARS AND 6 MONTHS. 6) ADDED DISSOLUTION STATEMENT IN ALIGNMENT WITH THE ARTICLES OF INCORPORATION 7) MODIFIED PROVISION REGARDING REMOVAL OF A DIRECTOR FOR CAUSE TO REDUCE REQUIREMENT FOR INPERSON ATTENDANCE AT REGULAR BOARD MEETINGS FROM 2 TO 1 AND CLARIFY THAT REMOVAL UNDER THIS PROVISION MAY OCCUR ONLY AFTER TAKING RELEVANT FACTORS INTO CONSIDERATION. 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 IX, LINE 11G CONSULTING FEES: PROGRAM SERVICE EXPENSES 337,996. MANAGEMENT AND GENERAL EXPENSES 3,511. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 341,507. PAYROLL PROCESSING FEES: PROGRAM SERVICE EXPENSES 11,117. MANAGEMENT AND GENERAL EXPENSES 2,415. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 13,532. INTERNS AND TEMP WORKERS: PROGRAM SERVICE EXPENSES 1,372. MANAGEMENT AND GENERAL EXPENSES 8,225. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,597. FORM 990, PART XI, LINE 9: MERGER WITH THE LEADERSHIP FOUNDATION ON 1/1/2021 7,433,179. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. MERGER WITH FORMER RELATED ORGANIZATION ON JANUARY 1, 2021, IWF MERGED WITH THE LEADERSHIP FOUNDATION (THE FOUNDATION). THE FOUNDATION'S FLAGSHIP INITIATIVE, THE FELLOWS PROGRAM, HAS CONTINUED UNDER IWF'S GUIDANCE AND, TO DATE, HAS ELEVATED MORE THAN 600 INTERNATIONAL FELLOWS SOCIETY'S RISING STARS TO ACCELERATE THE POTENTIAL OF THE NEXT GENERATION, AND TO LEAD THE WORLD TOMORROW. IWF ALSO PROVIDES LEADERSHIP TRAINING PROGRAMS FOR WOMEN AT EVERY STAGE OF PROFESSIONAL DEVELOPMENT THROUGH ITS IWF INTENSIVE AND VIRTUAL PROGRAMS. THE LEADERSHIP FOUNDATION 1155 15TH STREET NW SUITE 1000 WASHINGTON DC 20005 521681028 LEADERSHIP DEVELOPMENT DC 501(C)(3) LINE 12A, I N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 THE LEADERSHIP FOUNDATION S 8607233 BOOK VALUE