American Bible Society

“The form 990 was prepared and reviewed by an independent accounting firm, bdo, in conjunction with the organization's financial department. A copy of the draft form 990 was circulated to the full board of directors for discussion and comment. Each board member was provided ample opportunity to comment on the information contained in the 990 prior to its filing with the internal revenue service.”

“Employees are regularly counseled by the legal staff in conflict of interest awareness and are required to file conflict of interest disclosure statements annually. Conflicts identified are investigated by the internal audit staff for resolution with management and the board audit committee. Any person who has a conflict recuses themselves from deliberation and decisions related to the transaction.”

“Compensation for the president & ceo is determined by independent members of the board of directors, as facilitated by the chairperson of the board. The chairperson relies on a number of different sources to determine compensation, including, but not limited to compensation benchmark surveys and studies, compensation paid to similar officer at similar institutions (i.e. By reviewing the form 990 of other organizations) , including those in major urban centers. Recommendations were based on a comprehensive study leveraging external, independent research by guide star and other 3rd party consulting organizations. The chairperson then recommends the ceo compensation to the full board of directors for its approval. The board of directors' approval is documented in minutes. Compensation for other officers and key employees of the organization is determined using various sources by human resources such as compensation surveys and studies, including information on form 990 of other organizations as well as independent compensation studies. Human resources then obtains approval for the recommended compensation from the officers or key employees' next higher level manager. Final compensation amount is then communicated to the officer or key employee by human resources.”

“Compensation for other officers and key employees of the organization is determined using various sources by human resources such as compensation surveys and studies, including information on form 990 of other organizations as well as independent compensation studies. Human resources then obtains approval for the recommended compensation from the officers or key employees' next higher level manager. Final compensation amount is then communicated to the officer or key employee by human resources.”

“American bible society ("the bible society") makes its form 990 and audited financial statements available on its website, www. Americanbible. Org. The bible society's governing documents and conflict of interest statement are available upon request to the extent required by law and at management's discretion.”

“IT CONSULTING - Total Expense: 1995824, Program Service Expense: 1549467, Management and General Expenses: 177029, Fundraising Expenses: 269328; MARKETING/PROMOTION - Total Expense: 1522753, Program Service Expense: 1182197, Management and General Expenses: 135067, Fundraising Expenses: 205489; GENERAL MANAGEMENT CONS. - Total Expense: 1918193, Program Service Expense: 1489198, Management and General Expenses: 170143, Fundraising Expenses: 258852; MINISTRY PROGRAMING - Total Expense: 2419693, Program Service Expense: 2419693, Management and General Expenses: 0, Fundraising Expenses: 0; GIFT TRANSACTION PROCESS - Total Expense: 776881, Program Service Expense: 603135, Management and General Expenses: 68909, Fundraising Expenses: 104837;”

“CHANGE IN SPLIT INTEREST AGREEMENTS - 2368873; Depreciation in Fair Value of Third Party Trusts - 1837534; Pension activity - 102458; Loss on forgiveness of intercompany loan to Faith and Liberty Discovery Center - -15000000; Total - -10691135;”