2025-10-10T09:52:03-05:00 2024-12-31 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2024-01-01 331112770 CLASP CLAS 2027505600 1401 K STREET NW 1100 WASHINGTON DC 20005 CHRISTINE EGAN CHIEF EXECUTIVE OFFICER 2027505600 2025-10-10 1 1 RICHARD J LOCASTRO CPA P00288314 3019519090 2024 2025-03-06 01:10:19Z FRED SHERMAN 1401 K STREET NW 1100 WASHINGTON DC 20005 28948146 0 X WWW.CLASP.NGO X 2005 DC SEE PART III, LINE 1. 12 12 38 12 0 0 25078238 27255347 304824 609216 385769 577971 487160 505612 26255991 28948146 2665481 4294264 0 0 6559796 7003940 0 0 184649 15710914 15481305 24936191 26779509 1319800 2168637 20990341 23594117 16428198 16916881 4562143 6677236 X CLASP IMPROVES THE ENERGY AND ENVIRONMENTAL PERFORMANCE OF THE APPLIANCES AND EQUIPMENT WE USE EVERY DAY, ACCELERATING OUR TRANSITION TO A MORE SUSTAINABLE WORLD. 0 0 14100150 4294264 360071 CLEAN ENERGY ACCESS: CLASP SUPPORTS PROGRESS ON SUSTAINABLE DEVELOPMENT GOAL (SDG) 7 - AFFORDABLE, RELIABLE, SUSTAINABLE AND MODERN ENERGY FOR ALL. CLASP HELPS BUILD HEALTHY MARKETS FOR OFF-GRID SOLAR APPLIANCES AND EQUIPMENT BY DRIVING INNOVATION AND SALES IN EARLY-STAGE PRODUCT MARKETS; SURFACING DATA AND RESEARCH ON PRODUCT PERFORMANCE, MARKET TRENDS, AND CONSUMER PREFERENCES; ESTABLISHING TECHNICAL FOUNDATIONS FOR CONSUMER PROTECTION; BUILDING FINANCING MECHANISMS; AND ALIGNING SECTOR STAKEHOLDERS ACROSS THE VALUE-CHAIN. CLASP'S ENERGY ACCESS PROGRAMS INCLUDE THE EFFICIENCY FOR ACCESS COALITION, THE GLOBAL LEAP AWARDS, AND VERASOL QUALITY ASSURANCE, AMONG OTHER INITIATIVES. 7856850 CLIMATE: CLASP FOCUSES ON EVIDENCE-BASED PATHWAYS TO MITIGATE THE CLIMATE CRISIS AND PROMOTE UPTAKE OF SUPER-EFFICIENT TECHNOLOGIES. ENERGY-EFFICIENT APPLIANCES ARE ONE OF THE MOST COST-EFFECTIVE METHODS FOR MITIGATING CLIMATE CHANGE. THEY SAVE MONEY FOR GOVERNMENTS AND CONSUMERS, REDUCE PEAK ENERGY DEMAND, AND BOLSTER ECONOMIC AND ENERGY SECURITY. CLASP PARTNERS WITH GOVERNMENTS, INDUSTRY AND OTHER EXPERTS TO CATALYZE MARKETS FOR ENERGY EFFICIENT TECHNOLOGIES. OUR EXPERTISE INCLUDES:- TECHNOLOGY AND MARKET ASSESSMENTS- ENERGY EFFICIENCY AND PERFORMANCE POLICY ADVICE - CONSUMER PRODUCT LABELING- MARKET TRANSFORMATION PILOTS AND POLICY COMPLIANCE AND ENFORCEMENT 1077408 RESEARCH: CLASP'S RESEARCH TEAM SPANS CLIMATE AND CLEAN ENERGY ACCESS AND WORKS TO IDENTIFY THE MOST IMPACTFUL AND INNOVATIVE OPPORTUNITIES TO IMPROVE CLIMATE MITIGATION, ADAPTATION, EQUITY, AND ENVIRONMENTAL JUSTICE AND PROTECTION. CLASP'S RESEARCH BRIDGES THE GAP BETWEEN ANALYSIS AND ACTION - DEVELOPING THOUGHT LEADERSHIP, MARKET MONITORING, CONSUMER RESEARCH, AND MANAGING TOOLS LIKE MESPY, WORLD'S BEST MEPS, AND THE CLASP POLICY RESOURCE CENTER. 927235 COMMUNICATION: CLASP COMMUNICATIONS ARE IMPACT-FOCUSED, DATA-BACKED AND REINFORCE THE MESSAGE THAT IMPROVING APPLIANCE EFFICIENCY IS A PROVEN, COST-EFFECTIVE SOLUTION TO SLASH CLIMATE EMISSIONS AND IMPROVE LIVES. OUR CHANNELS, CAMPAIGNS, AND EVENTS PROMOTE CASE STUDIES, SOUND POLICY RECOMMENDATIONS, INNOVATIVE TOOLS, AND GROUNDBREAKING RESEARCH TO ADVANCE APPLIANCE EFFICIENCY PLANS THAT DRIVE MEANINGFUL RESULTS. THE COMMUNICATIONS TEAM RAISES AWARENESS AND SUPPORTS ALL CLASP WORKSTREAMS. 249145 249145 THE ENERGY ACCESS INSTITUTIONS FACILITY ("EAIF OR "THE FACILITY") IS A JOINT DONOR INITIATIVE THAT PROVIDES NON-EARMARKED, FLEXIBLE FUNDING TO MARKET INSTITUTIONS (MI'S) THAT STRENGTHEN MARKET HEALTH AND ACCELERATE GROWTH IN THE DISTRIBUTED RENEWABLE ENERGY (DRE) SECTOR, ENHANCING LONG-TERM SUSTAINABILITY AND REDUCING FUNDRAISING BURDENS. CLASP WAS DESIGNATED AS THE EAIF MANAGER. 2024 MARKED CLASP'S FIRST FULL YEAR IN THIS ROLE. DURING THE REPORTING PERIOD, CLASP DISTRIBUTED MORE THAN SEK 30.3 MILLION IN SUB-GRANTS TO MI'S INCLUDING TO THE VERASOL QUALITY ASSURANCE PROGRAM, A JOINT PROGRAM OF CLASP AND THE SCHATZ ENERGY RESEARCH CENTER AT CALIFORNIA STATE POLYTECHNIC UNIVERSITY. SPECIFICALLY, VERASOL RECEIVED AN ALLOCATION OF USD$ 483,540.77 FROM THE EAIF GRANT, WHICH INCLUDES $249,145 FOR FY 2024 AND $234,395 FOR FY 2025. THIS FUNDING SUPPORTS VERASOL'S INDEPENDENT QUALITY ASSURANCE FRAMEWORK FOR OFF-GRID SOLAR PRODUCTS, SUCH AS HOUSEHOLD APPLIANCES AND AGRICULTURAL EQUIPMENT. KEY ACTIVITIES INCLUDE THE TESTING, EVALUATION, AND CERTIFICATION OF SOLAR PRODUCTS, DEVELOPMENT OF TEST METHODS AND STANDARDS, AND TECHNICAL AND ANALYTICAL SUPPORT TO GOVERNMENTS, E.G. THE PROVISION OF DATA. 1176380 249145 24210788 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 1 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 29 0 1 38 1 0 1 IN KE ID 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X FRED SHERMAN COOCFO 2027505600 1401 K STREET NW 1100 WASHINGTON DC 20005 STEPHEN WIEL CHAIR 2.00 X X 0 0 0 JOYITA MUKHERJEE VICE CHAIR 2.00 X X 0 0 0 JOHN MOLLET SECRETARY 1.00 X X 0 0 0 SUJEESH KRISHNAN TREASURER 1.00 X X 0 0 0 ANIBAL DE ALMEIDA BOARD MEMBER 0.50 X 0 0 0 DEMBA DIOP BOARD MEMBER 0.50 X 0 0 0 HILARY MCMAHON BOARD MEMBER 0.50 X 0 0 0 MERRILL SHUGOLL BOARD MEMBER 0.50 X 0 0 0 MARIE-VINCENTE PASDELOUP BOARD MEMBER 0.50 X 0 0 0 MIRKA DELLA CAVA BOARD MEMBER 0.50 X 0 0 0 ROSE MUTISO BOARD MEMBER 0.50 X 0 0 0 ASTRID VERMEER BOARD MEMBER 0.50 X 0 0 0 CHRISTINE EGAN CHIEF EXECUTIVE OFFICER 40.00 X 388158 0 33314 FRED SHERMAN CHIEF OPERATING OFFICER 40.00 X 264179 0 27723 CORINNE SCHNEIDER CHIEF COMM. & DVLPT. OFFICER 40.00 X 250102 0 26378 JENNIFER SMITH CHIEF OF PROGRAMS 40.00 X 176838 0 14650 WENDY WEN DIRECTOR OF FINANCE 40.00 X 190315 0 22831 NATE HARRIS DIRECTOR OF HUMAN RESOURCES 40.00 X 168871 0 26091 ANA MARIA CARRENO SR. DIRECTOR OF CLIMATE 40.00 X 161665 0 24605 ARI REEVES SENIOR DIR. OF RESEARCH 40.00 X 147201 0 28270 ANDREA TESTA SENIOR MANAGER, LEGAL & CONTRACTS 40.00 X 126909 0 14571 1874238 0 218433 15 0 1 0 ENERGY SAVING TRUST 30 NORTH COLONNADE LONDON UK E14 5GP TECHNICAL IMPLEMENTER 2297719 CAL POLY HUMBOLDT SPONSORED PROG FDN 1 HARPST STREET STE 285 ARCATA CA 95521 TECHNICAL IMPLEMENTER 2015000 CHINA NTL INST OF STDZN 4 ZHICHUM ST HAIDIAN DIST BEIJING CH 100091 TECHNICAL IMPLEMENTER 510000 NITHIO HOLDINGS INC 655 15TH ST NW WASHINGTON DC 20005 TECHNICAL IMPLEMENTER 451113 AMERICAN COUNCIL FOR AN ENERGY EFFICIENT 529 14TH ST NW 600 WASHINGTON DC 20045 TECHNICAL IMPLEMENTER 290381 19 3513481 23741866 27255347 CONTRACTS 900099 360071 360071 FACILITY PROGRAM REVENUE 900099 249145 249145 609216 577971 577971 PROJECT ADMIN FEE 900099 484618 484618 CURRENCY GAIN 900099 11446 11446 MISCELLANEOUS 900099 9548 9548 505612 28948146 609216 0 1083583 X 660100 660100 3634164 3634164 1181342 642878 483283 55181 4473129 3965642 434662 72825 597140 509384 76326 11430 436862 366847 61260 8755 315467 258692 49785 6990 206975 1554 205421 48630 10488 38142 6520 6520 11278519 11101197 177322 303100 166456 128108 8536 288302 259914 25675 2713 451112 377626 73486 1134170 920126 196008 18036 387202 310970 76232 139250 68898 70352 81548 81548 ADMINISTRATIVE FEE 484618 484618 SIDA MI FACILITY PROG. 249145 249145 FURNITURE & EQUIPMENT 245198 93680 151518 BUS. LICENSES & TAXES 91380 90264 968 148 85636 38145 47456 35 26779509 24210788 2384072 184649 2102941 1166486 16067169 16410086 1139854 814333 583854 864551 1130674 705985 284703 424689 3074066 811820 839906 20990341 23594117 2985605 3973761 13442593 12943120 16428198 16916881 X 3171804 4703632 1390339 1973604 4562143 6677236 20990341 23594117 2168637 -53544 0 X 0 1 X 1 0 X 13984317 16122342 20075344 25078238 27255347 102515588 13984317 16122342 20075344 25078238 27255347 102515588 33142247 69373341 2316 1189 42103 385769 577907 1009284 19417 51452 196449 487160 505612 1260090 104784962 2974248 0.66210 0.74710 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 26779509 26779509 1000000 250000 0 0 975687 1000000 1000000 1000000 3975687 5963531 9600 112400 122000 243922 250000 250000 250000 993922 1490883 100000 100000 810087 518171 291916 320587 187814 132773 424689 OPERATING LEASE LIABILITY 837990 REFUNDABLE ADVANCES 12105130 12943120 28888082 -53544 -53544 28941626 6520 6520 28948146 26772989 0 26772989 6520 6520 26779509 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES TECHNICAL ANALYSIS, POLICY RECOMMENDATIONS 1768 EAST ASIA AND THE PACIFIC 1 50 PROGRAM SERVICES TECHNICAL ANALYSIS, POLICY RECOMMENDATIONS 1843933 EUROPE 0 53 PROGRAM SERVICES TECHNICAL ANALYSIS, POLICY RECOMMENDATIONS 4198365 EUROPE 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION 2001876 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES TECHNICAL ANALYSIS, POLICY RECOMMENDATIONS 2429 NORTH AMERICA 0 3 PROGRAM SERVICES TECHNICAL ANALYSIS, POLICY RECOMMENDATIONS 245008 SOUTH AMERICA 0 9 PROGRAM SERVICES TECHNICAL ANALYSIS, POLICY RECOMMENDATIONS 181670 SOUTH ASIA 1 63 PROGRAM SERVICES TECHNICAL ANALYSIS, POLICY RECOMMENDATIONS 1934574 SUB-SAHARAN AFRICA 1 112 PROGRAM SERVICES TECHNICAL ANALYSIS, POLICY RECOMMENDATIONS 2368068 SOUTH ASIA 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION 141000 RUSSIA AND THE NEWLY INDEPENDENT STATES 0 0 PROGRAM SERVICES TECHNICAL ANALYSIS, POLICY RECOMMENDATIONS 1330 SUB-SAHARAN AFRICA 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION 1491288 2 178 1 112 3 290 10409623 4001686 14411309 EUROPE RESULT BASED FINANCIAL SUPPORT AND SUBGRANT FOR THE GEAPP PUA FINANCING FACILITY PROJECT 9527 WIRE 0 EUROPE SUBGRANT FOR THE SIDA MI FACILITY PROGRAM 414300 WIRE 0 EUROPE RESULT BASED FINANCIAL SUPPORT AND SUBGRANT FOR THE GEAPP PUA FINANCING FACILITY PROJECT 78049 WIRE 0 EUROPE SUBGRANT FOR THE IKEA LEIA 2 PROJECT 1500000 WIRE 0 SOUTH ASIA RESULT BASED FINANCIAL SUPPORT AND SUBGRANT FOR THE GEAPP PUA FINANCING FACILITY PROJECT 141000 WIRE 0 SUB-SAHARAN AFRICA RESULT BASED FINANCIAL SUPPORT AND SUBGRANT FOR THE GEAPP PUA FINANCING FACILITY PROJECT 29000 WIRE 0 SUB-SAHARAN AFRICA RESULT BASED FINANCIAL SUPPORT AND SUBGRANT FOR THE GEAPP PUA FINANCING FACILITY PROJECT 132067 WIRE 0 SUB-SAHARAN AFRICA RESULT BASED FINANCIAL SUPPORT AND SUBGRANT FOR THE GEAPP PUA FINANCING FACILITY PROJECT 76220 WIRE 0 SUB-SAHARAN AFRICA RESULT BASED FINANCIAL SUPPORT AND SUBGRANT FOR THE GEAPP PUA FINANCING FACILITY PROJECT 75170 WIRE 0 SUB-SAHARAN AFRICA RESULT BASED FINANCIAL SUPPORT FOR THE GEAPP PUA FINANCING FACILITY PROJECT 35177 WIRE 0 SUB-SAHARAN AFRICA RESULT BASED FINANCIAL SUPPORT AND SUBGRANT FOR THE GEAPP PUA FINANCING FACILITY PROJECT 13350 WIRE 0 SUB-SAHARAN AFRICA RESULT BASED FINANCIAL SUPPORT AND SUBGRANT FOR THE GEAPP PUA FINANCING FACILITY PROJECT 18848 WIRE 0 SUB-SAHARAN AFRICA RESULT BASED FINANCIAL SUPPORT AND SUBGRANT FOR THE GEAPP PUA FINANCING FACILITY PROJECT 7940 WIRE 0 SUB-SAHARAN AFRICA RESULT BASED FINANCIAL SUPPORT AND SUBGRANT FOR THE GEAPP PUA FINANCING FACILITY PROJECT 16236 WIRE 0 SUB-SAHARAN AFRICA RESULT BASED FINANCIAL SUPPORT AND SUBGRANT FOR THE GEAPP PUA FINANCING FACILITY PROJECT 105462 WIRE 0 SUB-SAHARAN AFRICA RESULT BASED FINANCIAL SUPPORT AND SUBGRANT FOR THE GEAPP PUA FINANCING FACILITY PROJECT 14938 WIRE 0 SUB-SAHARAN AFRICA RESULT BASED FINANCIAL SUPPORT FOR THE GEAPP PUA FINANCING FACILITY PROJECT 14014 WIRE 0 SUB-SAHARAN AFRICA SUBGRANT FOR THE SIDA MI FACILITY PROGRAM 100000 WIRE 0 SUB-SAHARAN AFRICA RESULT BASED FINANCIAL SUPPORT AND SUBGRANT FOR THE GEAPP PUA FINANCING FACILITY PROJECT 79943 WIRE 0 SUB-SAHARAN AFRICA RESULT BASED FINANCIAL SUPPORT AND SUBGRANT FOR THE GEAPP PUA FINANCING FACILITY PROJECT 14980 WIRE 0 SUB-SAHARAN AFRICA SUBGRANT FOR THE SIDA MI FACILITY PROGRAM 50000 WIRE 0 SUB-SAHARAN AFRICA RESULT BASED FINANCIAL SUPPORT AND SUBGRANT FOR THE GEAPP PUA FINANCING FACILITY PROJECT 42480 WIRE 0 SUB-SAHARAN AFRICA SUBGRANT FOR THE SIDA MI FACILITY PROGRAM 100000 WIRE 0 SUB-SAHARAN AFRICA RESULT BASED FINANCIAL SUPPORT AND SUBGRANT FOR THE GEAPP PUA FINANCING FACILITY PROJECT 63440 WIRE 0 SUB-SAHARAN AFRICA RESULT BASED FINANCIAL SUPPORT AND SUBGRANT FOR THE GEAPP PUA FINANCING FACILITY PROJECT 272867 WIRE 0 SUB-SAHARAN AFRICA RESULT BASED FINANCIAL SUPPORT AND SUBGRANT FOR THE GEAPP PUA FINANCING FACILITY PROJECT 36807 WIRE 0 SUB-SAHARAN AFRICA RESULT BASED FINANCIAL SUPPORT AND SUBGRANT FOR THE GEAPP PUA FINANCING FACILITY PROJECT 31669 WIRE 0 SUB-SAHARAN AFRICA RESULT BASED FINANCIAL SUPPORT AND SUBGRANT FOR THE GEAPP PUA FINANCING FACILITY PROJECT 87939 WIRE 0 SUB-SAHARAN AFRICA RESULT BASED FINANCIAL SUPPORT FOR THE GEAPP PUA FINANCING FACILITY PROJECT 20256 WIRE 0 SUB-SAHARAN AFRICA RESULT BASED FINANCIAL SUPPORT AND SUBGRANT FOR THE GEAPP PUA FINANCING FACILITY PROJECT 35813 WIRE 0 5 25 1 0 0 0 0 0 PART I, LINE 2: THE SUBGRANT MANAGEMENT STARTS FROM THE SELECTION OF SUBGRANTEE AND THE MONITORING OF GRANT PERFORMANCE AND EXPENDITURE ARE THROUGH THE ENTIRE PROJECT LIFE TIME. - RFPS ARE SENT TO PREQUALIFIED COMPANIES - A REVIEW PANEL REVIEWS APPLICATIONS AND SELECT QUALIFIED SUBGRANTEES - FULL CONTRACT PROCESSING IS FOLLOWED BY CLASP'S CONTRACT PROCEDURES - PMS HAVE GRANT REVIEW MEETINGS WITH SUBGRANTEE TO MONITOR THE PROGRESS OF THE PROJECT - SITE VISIT MAY OCCUR WHEN THE TRAVEL CONDITIONS PERMIT - SUBGRANTEE IS REQUIRED TO SUBMIT PROJECT PROGRESS REPORT BASED ON THE CONTRACT AND SOW, - INVOICE IS REQUIRED AFTER THE SATISFACTION OF PM'S REVIEW OF THE PROJECT PROGRESS REPORT. PM, CONTROLLER AND COO REVIEW THE INVOICE TO RELEASE PAYMENTS, FOLLOWED BY ACCOUNTING PROCEDURES. 1 AFRICA MINIGRID DEVELOPERS ASSOCIATION INC 8 THE GREEN DOVER DE 19901 832355725 501(C)(3) 217800 0 GRANT FOR THE SIDA MI FACILITY PROGRAM UNITED NATIONS FOUNDATION INC 1750 PENNSYLVANIA AVE NW FRNT 3 WASHINGTON DC 20006 582368165 501(C)(3) 442300 0 GRANT FOR THE SIDA MI FACILITY PROGRAM 2 0 PART I, LINE 2: THE SUBGRANT MANAGEMENT STARTS FROM THE SELECTION OF SUBGRANTEE AND THE MONITORING OF GRANT PERFORMANCE AND EXPENDITURE ARE THROUGH THE ENTIRE PROJECT LIFE TIME. - RFPS ARE SENT TO PREQUALIFIED COMPANIES - A REVIEW PANEL REVIEWS APPLICATIONS AND SELECT QUALIFIED SUBGRANTEES - FULL CONTRACT PROCESSING IS FOLLOWED BY CLASP'S CONTRACT PROCEDURES - PMS HAVE GRANT REVIEW MEETINGS WITH SUBGRANTEE TO MONITOR THE PROGRESS OF THE PROJECT - SITE VISIT MAY OCCUR WHEN THE TRAVEL CONDITIONS PERMIT - SUBGRANTEE IS REQUIRED TO SUBMIT PROJECT PROGRESS REPORT BASED ON THE CONTRACT AND SOW, - INVOICE IS REQUIRED AFTER THE SATISFACTION OF PM'S REVIEW OF THE PROJECT PROGRESS REPORT. PM, CONTROLLER AND COO REVIEW THE INVOICE TO RELEASE PAYMENTS, FOLLOWED BY ACCOUNTING PROCEDURES. X X X X X 0 0 0 0 0 0 0 1 0 CHRISTINE EGAN CHIEF EXECUTIVE OFFICER 338158 0 50000 0 0 0 24150 0 9164 0 421472 0 0 0 FRED SHERMAN CHIEF OPERATING OFFICER 258960 0 5219 0 0 0 18630 0 9093 0 291902 0 0 0 CORINNE SCHNEIDER CHIEF COMM. & DVLPT. OFFICER 250102 0 0 0 0 0 17402 0 8976 0 276480 0 0 0 WENDY WEN DIRECTOR OF FINANCE 190315 0 0 0 0 0 13306 0 9525 0 213146 0 0 0 NATE HARRIS DIRECTOR OF HUMAN RESOURCES 168871 0 0 0 0 0 12863 0 13228 0 194962 0 0 0 JENNIFER SMITH CHIEF OF PROGRAMS 176838 0 0 0 0 0 12705 0 1945 0 191488 0 0 0 ANA MARIA CARRENO SR. DIRECTOR OF CLIMATE 161665 0 0 0 0 0 11535 0 13070 0 186270 0 0 0 ARI REEVES SENIOR DIR. OF RESEARCH 147201 0 0 0 0 0 11031 0 17239 0 175471 0 0 0 PART I, LINE 7 PROJECT-BASED BONUS COMPENSATION IS REPORTED IN PART II, COLUMN (B)(II). FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY THE OUTSIDE ACCOUNTANTS AND REVIEWED IN DETAIL BY THE CEO, THE COO, THE DIRECTOR OF FINANCE, AND THE TREASURER. A FINAL COPY OF THE FORM 990 WAS REVIEWED BY THE FULL BOARD PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS AND DIRECTORS ARE REQUIRED TO ANNUALLY SIGN A CONFLICT OF INTEREST POLICY. IF A CONFLICT ARISES, IT IS DISCUSSED AMONG THE EXECUTIVE COMMITTEE MEMBERS AND THEN TAKEN TO THE FULL BOARD FOR CONSIDERATION. THE INTERESTED PERSON IS RECUSED FROM ALL DISCUSSIONS AND VOTING ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE HUMAN RESOURCES (HR) COMMITTEE OF THE BOARD OF DIRECTORS CONDUCTS A PERFORMANCE EVALUATION OF THE CEO AND AN ANALYSIS OF BENCHMARKING COMPENSATION SURVEYS FROM ORGANIZATIONS REPRESENTATIVE OF THE NONPROFIT INDUSTRY. AFTER REVIEWING THE MATERIALS, THE HR COMMITTEE RECOMMENDS THE SALARY INCREASE TO THE EXECUTIVE COMMITTEE OF THE BOARD AND THEN TO THE FULL BOARD. THE FULL BOARD VOTES TO APPROVE THE SALARY. THE DELIBERATION AND DECISION OF THIS PROCESS IS CONDUCTED IN AN EXECUTIVE SESSION AND SUBSTANTIATED BY BOARD APPROVAL OF THE HR COMMITTEE RECOMMENDATION. THE CHAIR OF THE HR COMMITTEE REPORTS THE SALARY INCREASE TO THE CHIEF OPERATING OFFICER. THE LAST REVIEW TOOK PLACE IN DECEMBER 2024. THE COMPENSATION STRUCTURE FOR CLASP'S COMPENSATION IS DETERMINED USING INDEPENDENT MARKET DATA TO ENSURE FAIRNESS AND COMPETITIVENESS. SALARY BANDS FOR EACH COUNTRY ARE ESTABLISHED AND UPDATED WITH BENCHMARKING DATA OBTAINED FROM INDEPENDENT ORGANIZATIONS THAT SPECIALIZE IN COMPENSATION. THESE BANDS REFLECT LOCAL MARKET CONDITIONS AND COMPARABLE POSITIONS IN THE NONPROFIT SECTOR. THIS PROCESS ALLOWS CLASP TO ALIGN COMPENSATION WITH REGIONAL STANDARDS WHILE MAINTAINING CONSISTENCY ACROSS OFFICES, SUPPORTING EQUITY, AND ENSURING COMPLIANCE WITH ORGANIZATIONAL POLICIES. FORM 990, 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. THE AUDITED FINANCIAL STATEMENTS ARE ALSO AVAILABLE ON THEIR WEBSITE. FORM 990, PART IX, LINE 11G CLASP TEAM CONTRACTORS: PROGRAM SERVICE EXPENSES 527,389. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 527,389. TECHNICAL IMPLEMENTERS: PROGRAM SERVICE EXPENSES 9,557,544. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,557,544. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 878,691. MANAGEMENT AND GENERAL EXPENSES 177,322. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,056,013. TEST LABS: PROGRAM SERVICE EXPENSES 137,573. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 137,573.