Standard 3: Frequency and Attendance of Board Meetings - An organization shall have a minimum of three evenly spaced meetings per year of the full governing body with a majority in attendance, with face-to-face participation. A conference call of the full board can substitute for one of the three meetings of the governing body. For all meetings, alternative modes of participation are acceptable for those with physical disabilities.
WBT does not meet this Standard because:
- The board of directors held two meetings in the past fiscal year.
Standard 4: Compensated Board Members - Not more than one or 10% (whichever is greater) directly or indirectly compensated person(s) serving as voting member(s) of the board. Compensated members shall not serve as the board's chair or treasurer.
WBT does not meet this Standard because:
- Five (5) members out of the 15 member board of directors (33%) are compensated as paid staff.
In response to this finding, the charity stated that:
"As a missionary membership organization, Wycliffe's by-laws allow a minority of members on the board of directors. While missionaries are compensated by Wycliffe, no missionary member is compensated for their service on the board of directors. Sixty percent of the board consists of non-compensated directors from outside the organization."
Standard 12: Detailed Functional Breakdown of Expenses - Include in the financial statements a breakdown of expenses (e.g., salaries, travel, postage, etc.) that shows what portion of these expenses was allocated to program, fund raising, and administrative activities. If the charity has more than one major program category, the schedule should provide a breakdown for each category.
WBT does not meet this Standard because, in the organization's financial statements, the detailed functional breakdown of expenses:
- Was not included. A detailed functional breakdown shows expenses by natural classification (e.g., salaries, travel, postage, etc.) and indicates what portion of these expenses was allocated to program, fund raising, and administrative activities).