Samministries Social Enterprises

“On november 18, 2014, samministries (as ffac's sole member) approved to repeal the existing bylaws and adopt new bylaws. The changes include: samministries is the sole member of ffac and elects the board members. Directors are elected at the annual meeting of the sole member. Each director must be a member of the executive committee of san antonio metropolitan ministry, inc. The officers of the corporation shall be a chairperson, a vice chairperson, a secretary and a president and ceo.”

“Samministries is the sole member of ffac and elects the board members. Directors are elected at the annual meeting of the sole member. Each director must be a member of the executive committee of san antonio metropolitan ministry, inc.”

“As the sole member of ffac, samministries may approve any decision of the board.”

“There are no committees on the ffac board. Each director, however, must be a member of the executive committee of the samministries board.”

“Our outside auditors present the annual audit and the form 990 at the first finance committee meeting upon completion. The chair of the finance committee then reports the audit and 990 to the full board. There are times when the auditors attend the board meeting to present both. Copies of the audit and 990 are available to all board members at the board meeting covering the forms.”

“Board members are required to fill out a questionnaire when they come on the board regarding any conflict of interest. The purpose is for full disclosure of any conflicts of interest. They are also given a copy of the conflict of interest policy, which states that throughout the year, board members are required to report at each board meeting any conflict of interest that may have arisen since the prior board meeting.”

“Samministries, a related organization, participates annually in a wage survey for san antonio for non-profit for comparisons for comparable positions. This process of pay increases includes the review and approval by our governing body. The board uses the data of comparable compensation for similarly qualified persons in functionally comparable positions at similarly situated organizations and there is documentation and recordkeeping of this information and decisions made by the committee. The last compensation reivew was completed august 2015.”

“The governing documents, conflict of interest policy, financial statements, and form 990 are available upon request.”

“Net assets transferred from san antonio metropolitan ministries 268,788.”

“The procedure has not changed from prior year. The board of directors has direct responsibility for engaging the independent auditors and provides oversight of the audit process.”