TY 2020 Form 990 Schedule O

Instrumentl eFile RenderObject ID: 202201309349302770 - Rendered 2024-04-27 TIN: 52-1273585

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
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Attach to Form 990 or 990-EZ.
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Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2020

Open to Public
Inspection

Name of the organization

GLOBAL IMPACT

Employer identification number

52-1273585

Return Reference	Explanation
Part VI, Section B, Line 11B	THE ORGANIZATION'S FORM 990 UNDERGOES A NUMBER OF INTERNAL AND EXTERNAL REVIEWS BEFORE IT IS FILED WITH THE IRS. THE RETURN IS PREPARED BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM AND IS REVIEWED BY THE ORGANIZATION'S CHIEF BUSINESS AND FINANCIAL SERVICES OFFICER AND PRESIDENT/CHIEF EXECUTIVE OFFICER. THE FORM 990 IS THEN REVIEWED BY THE AUDIT COMMITTEE AND IS SUBSEQUENTLY PRESENTED TO THE BOARD. INDIVIDUALLY, BOARD MEMBERS ARE PROVIDED AN ELECTRONIC VERSION OF THE FORM, SO THAT EACH CAN REVIEW AND RAISE QUESTIONS BEFORE THE FORM IS FILED.
PART V, SECTION B, LINE 12C	ANNUALLY, A CONFLICT OF INTEREST FORM IS EXECUTED AND SIGNED BY ALL MEMBERS OF THE BOARD AND STAFF. WHEN ANY EXPRESSION OF CONFLICT OF INTEREST SEEMS EVEN REMOTELY POSSIBLE, THE PERSON(S) POTENTIALLY INVOLVED REMOVES HIMSELF/HERSELF (THEMSELVES) FROM ANY PROCESS LEADING TO RECOMMENDATIONS OR DECISION-MAKING RELATING TO MATTERS IN WHICH A CONFLICT MAY EXIST.
PART VI, SECTION B, LINE 15	THE BOARD'S EXECUTIVE COMMITTEE SERVES AS THE COMPENSATION COMMITTEE AND MAKES THE DECISION ON EXECUTIVE COMPENSATION. THE COMMITTEE OVERSEES MANAGEMENT TO CONDUCT AND PROVIDE COMPENSATION REVIEWS AND PRESENTS COMPARABLE SALARIES FOR EACH POSITION. THE MOST RECENT REVIEW TOOK PLACE IN AUGUST 2019.
PART VI SECTION C, LINE 19	THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.ADDITIONALLY, THE FINANCIAL STATEMENTS ARE POSTED ON ITS WEBSITE.
Form 990, Part VII, Section B	RELATED PARTY COMPENSATION FOR KAREN ROBINSON (FROM GENEVA GLOBAL, INC.) HAS BEEN REPORTED ON PART VII FOR THE CALENDAR YEAR ENDED DECEMBER 31, 2020.
FORM 990 PART XI LINE 9	The Organization restated its July 1, 2020 net assets to correct an error made in the prior year resulting from transactions that were not properly accounted for in accordance with U.S. GAAP during the year ended June 30, 2020. The net adjustment to the opening balance of net assets was $5,539,925.

Return Reference

Explanation

Part VI, Section B, Line 11B

THE ORGANIZATION'S FORM 990 UNDERGOES A NUMBER OF INTERNAL AND EXTERNAL REVIEWS BEFORE IT IS FILED WITH THE IRS. THE RETURN IS PREPARED BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM AND IS REVIEWED BY THE ORGANIZATION'S CHIEF BUSINESS AND FINANCIAL SERVICES OFFICER AND PRESIDENT/CHIEF EXECUTIVE OFFICER. THE FORM 990 IS THEN REVIEWED BY THE AUDIT COMMITTEE AND IS SUBSEQUENTLY PRESENTED TO THE BOARD. INDIVIDUALLY, BOARD MEMBERS ARE PROVIDED AN ELECTRONIC VERSION OF THE FORM, SO THAT EACH CAN REVIEW AND RAISE QUESTIONS BEFORE THE FORM IS FILED.

PART V, SECTION B, LINE 12C

ANNUALLY, A CONFLICT OF INTEREST FORM IS EXECUTED AND SIGNED BY ALL MEMBERS OF THE BOARD AND STAFF. WHEN ANY EXPRESSION OF CONFLICT OF INTEREST SEEMS EVEN REMOTELY POSSIBLE, THE PERSON(S) POTENTIALLY INVOLVED REMOVES HIMSELF/HERSELF (THEMSELVES) FROM ANY PROCESS LEADING TO RECOMMENDATIONS OR DECISION-MAKING RELATING TO MATTERS IN WHICH A CONFLICT MAY EXIST.

PART VI, SECTION B, LINE 15

THE BOARD'S EXECUTIVE COMMITTEE SERVES AS THE COMPENSATION COMMITTEE AND MAKES THE DECISION ON EXECUTIVE COMPENSATION. THE COMMITTEE OVERSEES MANAGEMENT TO CONDUCT AND PROVIDE COMPENSATION REVIEWS AND PRESENTS COMPARABLE SALARIES FOR EACH POSITION. THE MOST RECENT REVIEW TOOK PLACE IN AUGUST 2019.

PART VI SECTION C, LINE 19

THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.ADDITIONALLY, THE FINANCIAL STATEMENTS ARE POSTED ON ITS WEBSITE.

Form 990, Part VII, Section B

RELATED PARTY COMPENSATION FOR KAREN ROBINSON (FROM GENEVA GLOBAL, INC.) HAS BEEN REPORTED ON PART VII FOR THE CALENDAR YEAR ENDED DECEMBER 31, 2020.

FORM 990 PART XI LINE 9

The Organization restated its July 1, 2020 net assets to correct an error made in the prior year resulting from transactions that were not properly accounted for in accordance with U.S. GAAP during the year ended June 30, 2020. The net adjustment to the opening balance of net assets was $5,539,925.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2020

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