2025-03-07T17:59:09-06:00 2024-09-30 410746749 CLIFTONLARSONALLEN LLP 8390 EAST CRESCENT PARKWAY SUITE 300 GREENWOOD VILLAGE CO 80111 990 2023-10-01 930476873 HOLT INTERNATIONAL FOUNDATION OF CHINA HOLT 5416872202 250 COUNTRY CLUB ROAD EUGENE OR 97401 DANIEL SMITH PRESIDENT & CEO 5416872202 2025-03-03 1 1 SARAH HINTZ P00492291 3037795710 2025-03-03 2023 2025-03-06 01:10:19Z DANIEL SMITH 250 COUNTRY CLUB ROAD EUGENE OR 97401 1377646 0 X WWW.HOLTINTL.ORG X 1956 OR FIND AND SUPPORT PERMANENT, LOVING FAMILIES FOR CHILDREN. 7 6 0 800 0 0 1592726 1377394 0 0 -4051 226 0 0 1588675 1377620 986790 782363 0 0 558603 453743 0 0 0 124884 104870 1670277 1340976 -81602 36644 132629 158570 136201 125498 -3572 33072 X SEE SCHEDULE O. HOLT INTERNATIONAL IS A CHRISTIAN ORGANIZATION COMMITTED TO EXPRESSING GOD'S COMPASSION FOR CHILDREN WHILE ALWAYS UPHOLDING THE HIGHEST ETHICAL STANDARDS. WE: - FIND AND SUPPORT PERMANENT, LOVING FAMILIES FOR CHILDREN WHO ARE ORPHANED, ABANDONED OR AT SERIOUS RISK OF SEPARATION FROM THEIR FAMILY. - PROVIDE SERVICES TO ENSURE THAT CHILDREN WILL GROW AND DEVELOP TO THEIR FULLEST POTENTIAL.- LEAD THE GLOBAL COMMUNITY IN ADVOCATING ON BEHALF OF THE WORLD'S MOST VULNERABLE CHILDREN. 0 0 1340976 782363 0 INTERNATIONAL PROGRAM SERVICES: CONSISTS OF DIRECT EXPENSES INCURRED BY HOLT IN CHINA FOR PERMANCY PLANNING SERVICES FOR CHILDREN, SOCIAL WORK TRAINING FOR INDIGENOUS STAFF, COUNSELING AND ASSISTANCE FOR DISPLACED FAMILIES AND INDIVIDUALS, AND MANAGEMENT ASSISTANCE AND PROGRAM DEVELOPMENT FOR INTERNATIONAL PROGRAMS. OVERALL 22,155 CHILDREN AND FAMILY MEMBERS WERE SERVED; 3,227 CHILDREN IN SPONSORSHIP PROGRAMS, AND 8,276 IN FAMILY STRENGTHENING PROGRAMS; 8 DOMESTIC ADOPTIONS; AND 6 INTERNATIONAL ADOPTIONS. PROGRAM SUPPORT CONSISTS OF SUPPORT TO VARIOUS CHINESE GOVERNMENT-RUN ORPHANAGES AND OTHER PROGRAMS. THIS SUPPORT IS NEGOTIATED AND BASED ON FISCAL POLICIES AND AGREEMENTS FOR SUPPORT OF THE RESPECTIVE PROGRAMS. 1340976 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 CH 0 0 0 0 0 0 0 0 0 0 X 7 6 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 OR X REBECCA OSTERMAN 5416872202 250 COUNTRY CLUB RD EUGENE OR 97401 DANIEL SMITH PRESIDENT AND CEO 1.00 40.00 X X 0 236375 16952 REBECCA OSTERMAN DIRECTOR OF ACCOUNTING 1.00 40.00 X 0 114297 20188 YUE JIAN CHEN DIRECTOR 1.00 40.00 X 0 95031 29197 REBECCA BRANDT CHAIR 1.00 1.00 X X 0 0 0 LINDA VOELSCH VICE-CHAIR 1.00 1.00 X X 0 0 0 CHERYL MEYERS VICE-CHAIR (THROUGH 02/2024) 1.00 1.00 X X 0 0 0 KRISTINE ALTWIES DIRECTOR 1.00 1.00 X 0 0 0 KIM LEE DIRECTOR 1.00 1.00 X 0 0 0 MARY SALVADORE DIRECTOR 1.00 1.00 X 0 0 0 0 445703 66337 0 0 1 0 0 1377394 1377394 252 252 26 -26 -26 -26 1377620 0 0 226 782363 782363 449035 449035 4708 4708 2091 2091 3001 3001 13791 13791 4 4 9026 9026 33939 33939 28509 28509 8181 8181 MISCELLANEOUS EXPENSES 6328 6328 1340976 1340976 0 0 74790 110500 275 7630 7630 0 0 57564 48070 132629 158570 85081 84077 51120 41421 136201 125498 X -3572 33072 -3572 33072 132629 158570 36644 0 X X 0 1 X 1 0 X X 1 HOLT INTERNATIONAL CHILDREN'S SERVICES INC 237257390 10 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7630 7630 0 0 OPERATING RIGHT-OF-USE ASSET, NET 48070 48070 LEASE LIABILITY - OPERATING 41421 41421 X 26356802 24979156 24979156 1377646 -26 -26 1377620 24815862 23474886 23474886 1340976 0 1340976 PART X, LINE 2: HOLT INTERNATIONAL FOUNDATION OF CHINA (THE FOUNDATION), IS A NONPROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL INCOME TAXES. THE FOUNDATION HAS ALSO BEEN CLASSIFIED AS AN ENTITY THAT IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES IN THE CONSOLIDATED FINANCIAL STATEMENTS PURSUANT TO ACCOUNTING STANDARDS CODIFICATION (ASC) 740, INCOME TAXES. THE FOUNDATION GENERALLY EVALUATES ANY UNCERTAIN TAX POSITIONS CONSISTENT WITH THE ACCOUNTING AND DISCLOSURE REQUIREMENTS OF ASC 450, CONTINGENCIES. THE FOUNDATION DID NOT HAVE ANY UNCERTAIN TAX POSITIONS AS OF SEPTEMBER 30, 2024 AND 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: HOLT INTERNATIONAL CHILDREN'S SERVICES REVENUE NOT INCLUDED 26,356,550. ELIMINATING ENTRY TO CONSOLIDATE FINANCIAL STATEMENTS -1,377,394. PART XI, LINE 4B - OTHER ADJUSTMENTS: CURRENCY EXCHANGE LOSS -26. PART XII, LINE 2D - OTHER ADJUSTMENTS: HOLT INTERNATIONAL CHILDREN'S SERVICES EXPENSES NOT INCLUDED 24,852,254. ELIMINATING ENTRY TO CONSOLIDATE FINANCIAL STATEMENTS -1,377,394. CURRENCY EXCHANGE LOSS 26. 1 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 2 20 PROGRAM SERVICES CHILD CARE 558613 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 2 0 GRANTS PAID 782363 4 20 0 0 4 20 1340976 0 1340976 EAST ASIA AND THE PACIFIC CONTRIBUTIONS 17197 WIRE TRANSFER 0 N N/A EAST ASIA AND THE PACIFIC EDUCATIONAL SUPPORT 48671 WIRE TRANSFER 0 N/A N/A EAST ASIA AND THE PACIFIC EDUCATIONAL SUPPORT 47359 WIRE TRANSFER 0 N/A N/A EAST ASIA AND THE PACIFIC MEDICAL 38746 WIRE TRANSFER 0 N/A N/A EAST ASIA AND THE PACIFIC FAMILY STRENGTHENING 36973 WIRE TRANSFER 0 N/A N/A EAST ASIA AND THE PACIFIC EDUCATIONAL SUPPORT 60348 WIRE TRANSFER 0 N/A N/A EAST ASIA AND THE PACIFIC GROUP HOME 31065 WIRE TRANSFER 0 N/A N/A EAST ASIA AND THE PACIFIC EDUCATIONAL SUPPORT 185721 WIRE TRANSFER 0 N/A N/A EAST ASIA AND THE PACIFIC FAMILY STRENGTHENING 6824 WIRE TRANSFER 0 N/A N/A EAST ASIA AND THE PACIFIC FAMILY STRENGTHENING 6699 WIRE TRANSFER 0 N/A N/A EAST ASIA AND THE PACIFIC FAMILY STRENGTHENING 13290 WIRE TRANSFER 0 N/A N/A EAST ASIA AND THE PACIFIC FAMILY STRENGTHENING 54669 WIRE TRANSFER 0 N/A N/A EAST ASIA AND THE PACIFIC GROUP HOME 26297 WIRE TRANSFER 0 N/A N/A EAST ASIA AND THE PACIFIC FAMILY STRENGTHENING 65184 WIRE TRANSFER 0 N/A N/A EAST ASIA AND THE PACIFIC FAMILY STRENGTHENING 135528 WIRE TRANSFER 0 N/A N/A EAST ASIA AND THE PACIFIC FAMILY STRENGTHENING 7792 WIRE TRANSFER 0 N/A N/A 14 2 0 0 0 0 0 0 PART I, LINE 2: BUDGETS PREPARED BY GRANT RECIPIENTS ARE REVIEWED FOR ASSURANCE THAT PROJECTED EXPENSES ARE REASONABLE AND FOCUSED ON ACHIEVING THE GRANT OBJECTIVES AND ORGANIZATION'S MISSION. REGULAR FINANCIAL REPORTS FROM THE GRANT RECIPIENTS ARE REVIEWED FOR ASSURANCE THAT ACTUAL EXPENDITURES ARE IN LINE WITH THE BUDGET AND FOCUSED ON REACHING GRANT OBJECTIVES. IN ADDITION, STAFF PERSONALLY VISIT GRANT SITES AND REVIEW FINANCIAL SYSTEMS. 0 0 0 0 0 0 0 0 0 DANIEL SMITH PRESIDENT AND CEO 0 236375 0 0 0 0 0 16567 0 385 0 253327 0 0 PART I, LINE 3 THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS FOR HOLT INTERNATIONAL CHILDREN SERVICES, THE RELATED ENTITY TO HOLT INTERNATIONAL FOUNDATION OF CHINA, RESEARCHES COMPENSATION LEVELS WITHIN OTHER SIMILAR ORGANIZATIONS PRIOR TO APPROVING THE CURRENT COMPENSATION FOR THE CEO AND OTHER OFFICERS AND KEY EMPLOYEES OF THE ORGANIZATION. THIS WAS CONDUCTED VIA WEBSITE INFORMATION AS WELL AS DIRECT CONTACT WITH THESE OTHER ORGANIZATIONS. THE EXECUTIVE COMMITTEE ACTS ON BEHALF OF THE FULL BOARD. FORM 990, PART VI, SECTION A, LINE 1A THE BOARD MAY ELECT AN EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE WILL HAVE THE POWER TO MAKE DECISIONS BETWEEN BOARD MEETINGS, INCLUDING FINANCIAL AND BUDGETARY DECISIONS. THE EXECUTIVE COMMITTEE MUST COMPLY WITH THE PROVISIONS OF THE BYLAWS CONCERNING THE FULL BOARD AS FAR AS THOSE ARE REASONABLY APPLICABLE TO THE EXECUTIVE COMMITTEE. ALL EXECUTIVE COMMITTEE DECISIONS MUST BE RECORDED IN OFFICIAL MINUTES, WHICH MUST BE SUBMITTED TO THE FULL BOARD. UNLESS THE BOARD OF DIRECTORS DECIDES OTHERWISE, THE EXECUTIVE COMMITTEE WILL CONSIST OF THE PRESIDENT, SECRETARY, AND TREASURER OF THE ORGANIZATION, SO LONG AS THEY ARE SIMULTANEOUSLY MEMBERS OF THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE MUST MAKE REASONABLE EFFORTS TO CONTACT ALL BOARD MEMBERS FIRST, TO DISCUSS THE ISSUES TO BE DEALT WITH AT AN EXECUTIVE COMMITTEE MEETING. FORM 990, PART VI, SECTION A, LINE 7A ACCORDING TO SECTION 5 OF THE BYLAWS - SELECTION OF DIRECTORS. DIRECTORS SHALL BE ELECTED BY THE BOARD OF DIRECTORS OF HOLT INTERNATIONAL CHILDREN'S SERVICES, INC. THE VOTE MUST BE BY A SECRET BALLOT IF ANY BOARD MEMBER SO REQUESTS. ACCORDING TO SECTION SECTION 6 OF THE BYLAWS - FILLING VACANCIES. THE BOARD OF DIRECTORS OF HOLT INTERNATIONAL CHILDREN'S SERVICES, INC. MAY ELECT NEW DIRECTORS TO FILL ANY VACANCIES ON THE BOARD, INCLUDING VACANCIES CREATED BY THE PASSAGE OF A RESOLUTION INCREASING THE TOTAL NUMBER OF BOARD MEMBER POSITIONS. A DIRECTOR ELECTED TO FILL A VACANCY WILL SERVE ONLY UNTIL THE NEXT REGULAR ELECTION OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B ACCORDING TO SECTION 7 OF THE BYLAWS - REMOVAL OF DIRECTORS. A DIRECTOR MAY BE REMOVED WITH OR WITHOUT CAUSE BY THE DIRECTORS OF HOLT INTERNATIONAL CHILDREN'S SERVICES, INC. BY A TWO-THIRDS VOTE OF THE DIRECTORS IN OFFICE. NOTICE OF THE MEETING OF THE BOARD OF HOLT INTERNATIONAL CHILDREN'S SERVICES, INC. MUST BE GIVEN THAT STATES THAT THE REMOVAL OF A DIRECTOR IS TO BE CONSIDERED AT THAT MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY A CERTIFIED PUBLIC ACCOUNTANT WHICH IS INDEPENDENT OF HOLT INTERNATIONAL FOUNDATION OF CHINA BASED ON INFORMATION SUPPLIED BY MANAGEMENT. PRIOR TO FILING, THE ENTIRE FORM 990 IS CIRCULATED TO THE BOARD VIA EMAIL TO ALLOW FOR THEIR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C SENIOR STAFF ARE RESPONSIBLE FOR DISCLOSING POTENTIAL CONFLICTS OF INTEREST PER HOLT'S CONFLICT OF INTEREST POLICY. ANY DISCLOSED CONFLICTS ARE REVIEWED BY THE BOARD OF DIRECTORS TO DETERMINE WHETHER OR NOT A CONFLICT EXISTS, AND WORK WITH MANAGEMENT TO RECOMMEND FUTURE ACTION(S). A CONFLICT OF INTEREST IS ALWAYS PRESENT WHENEVER THE CORPORATION PAYS MONEY OR OTHER COMPENSATION, OR PROVIDES ANY TANGIBLE BENEFITS, TO AN OFFICER OR MEMBER OF THE BOARD OR TO A MEMBER OF A DIRECTOR'S OR OFFICER'S FAMILY. ALL TRANSACTIONS INVOLVING CONFLICTS OF INTEREST MUST BE APPROVED USING THE FOLLOWING PROCEDURES: 1) CONFLICT OF INTEREST TRANSACTIONS MUST BE APPROVED BY THE FULL BOARD OF DIRECTORS; THEY CANNOT BE APPROVED BY STAFF, THE EXECUTIVE DIRECTOR, OR BY A COMMITTEE. 2) DIRECTORS AND OFFICERS WHO HAVE A CONFLICT OF INTEREST IN ANY MATTER MUST A) DECLARE THE EXISTENCE OF ANY DIRECT OR INDIRECT CONFLICT OF INTEREST, B) DISCLOSE THE DETAILS OF THE PROPOSED TRANSACTION ON THE RECORD, C) ABSTAIN FROM VOTING ON THAT MATTER AND D) LEAVE THE ROOM WHERE THE VOTE IS TO TAKE PLACE, UNTIL THE VOTES HAVE BEEN COUNTED. THE MINUTES MUST RECORD THIS TO SHOW THAT IT WAS DONE. 3) THE REST OF THE BOARD MUST ANALYZE THE TRANSACTION AND SUFFICIENT INFORMATION TO ENSURE THAT ALL TRANSACTIONS INVOLVING A CONFLICT OF INTEREST ARE FAIR TO THE CORPORATION AND THAT NO SPECIAL BENEFITS ARE BEING GIVEN TO ANY PERSON. THE INFORMATION RELIED UPON BY THE BOARD, AND ITS SOURCE, MUST BE RECORDED IN THE MINUTES. 4) ALL CONFLICT OF INTEREST TRANSACTIONS MUST BE APPROVED BY THE AFFIRMATIVE VOTE OF A MAJORITY OF ALL OF THE MEMBERS OF THE BOARD OF DIRECTORS WHO DO NOT HAVE A CONFLICT OF INTEREST INVOLVED IN THAT ISSUE, AS LONG AS NO LESS THAN TWO DISINTERESTED DIRECTORS VOTE TO APPROVE THE TRANSACTION. FORM 990, PART VI, SECTION C, LINE 19 HOLT INTERNATIONAL FOUNDATION OF CHINA DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. HOLT INTERNATIONAL CHILDREN'S SERVICES INC 250 COUNTRY CLUB ROAD EUGENE OR 97401 237257390 GRANT-MAKING TO SUPPORT ADOPTION, FOSTER CARE AND EDUCATION OR 501(C)(3) LINE 10 N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0