Unfoldingword

“The organization has no committees with authority to act on behalf of the governing body. Therefore, this line was answered no in accordance with the instructions.”

“Form 990 is prepared by an independent CPA firm and reviewed in detail by the organization's top management. The reviewed Form 990 is then provided to the board of directors prior to filing with the IRS.”

“The organization requires board members and officers to complete conflict of interest statements on an annual basis. This process, as well as monitoring of the policy at large, is overseen by the Chairman of the Board and the CEO / President. If a potential conflict of interest is determined to exist, interested parties are required to recuse themselves from the deliberations and following board vote.”

“Comparability data was used from several regional and national sources to help determine compensation. The CEO's compensation is determined by the board. The compensation approval process was also documented in the board minutes.”

“Comparability data was used from GuideStar and other sources to help determine compensation for the CFO and the COO. The decision for compensation is made by the CEO. The compensation approval process was also documented in personnel files and discussed and reviewed with each employee.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Other Income - Total Revenue: 13036, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 13036;”

“(Expenses $ 552,874 including grants of $) Catalyzation In December we held the second annual Global Church-Centric Bible Translation Forum with 75 participants representing 17 organizations. The 2023 Global CCBT Forum served as a catalyst for meaningful connections, strategic planning, and personal reflections, leaving participants inspired and motivated for ongoing collaboration in their mission to bring the Word of God to every language and people group. In addition, there are now at least 21 Western organizations releasing open licensed biblical resources. We now have over 430 openly licensed biblical resources published in our catalog. *Global CCBT Forum *880 hours of training trainers *Now 21 Western Christian Organizations releasing open licensed biblical resources *Open licensed resources published in our catalog: 405>432”

“(Expenses $ 342,927 including grants of $) New Initiatives Work across Latin America, South Asia, and Equatorial SubSahara yielded exciting progress in several projects. Out of this portfolio we launched 3 new Whole Bible Whole Nation programs: Colombia, Benin, and Togo. We began work with a large-scale church planting network in South Asia, helping them to create effective training pathways for their people that still need Scripture. We are also providing resources for 2 different sign language translation teams in South and Southeast Asia. *Latin America Macronet has expanded from Venezuela to Colombia, Ecuador, and Brazil.”

“For the period 1/1/23 through 12/31/23, the organization employed a Certified Professional Employer Organization (CPEO) to provide services regarding the administration of payroll, benefits, and other human resource services. The amounts of compensation, benefits, and payroll taxes paid to the CPEO are included at Form 990, Part IX, Lines 5-10. These services did not involve significant managerial decision making. The total amounts of 2023 compensation for officers, directors, trustees, key employees, and/or highest compensated employees are shown at Form 990, Part VII, Section A in order to comply with the Form 990 instructions for that part.”

“Outside Contractors - Total Expense: 6408983, Program Service Expense: 5834739, Management and General Expenses: 194932, Fundraising Expenses: 379312; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ;”