Shepherds Foundation Inc

“The organization does not compensate any other officers or key employees. Therefore, this line was answered no in accordance with the instructions.”

“Shepherds Ministries, Inc. is the sole member of Shepherds Foundation, Inc.”

“Shepherds Ministries, Inc. elects the members of the Board of Directors of Shepherds Foundation, Inc.”

“The Form 990 is prepared and reviewed by an independent CPA firm, reviewed in detail and approved by certain members of the organization's board and management, and a final copy of the reviewed return is presented to the full board before filing with the IRS.”

“Board members and officers are required to disclose potential conflicts on an annual basis. The Board Chairman and Board Secretary monitor the process. Should any potential conflicts of interest be disclosed, the board member or officer would be asked to refrain from participation in any deliberation or decision with regard to matters affected by the relationship.”

“The independent members of the Board of Directors review and approve the compensation for the President of the organization. The Board of Directors uses comparability data in their analysis. Their decision is documented in the board minutes.”

“The organization's governing documents, conflict of interest policy, and financial statements are made available to the public upon request.”

“Staff are compensated by a related organization, Shepherds Ministries, Inc. Shepherds Ministries, Inc. files all required payroll information returns as required by the IRS. As such, due to common paymaster rules as instructed by the IRS, the number of employees reported represent the number of employees who work for the filing organization but are compensated by a related organization. Shepherds Foundation, Inc. reimburses Shepherds Ministries, Inc for the employees' compensation and the reimbursements are reported on Form 990, Part IX, Lines 5 - 10.”

“As a supporting organization, the exempt purpose of the organization is to raise funds and support the ministry of Shepherds Ministries, Inc. (SM). Therefore, fundraising expenses equal to $704,514 have been reported in Column (a), Program service expenses, on the functional expense statement as it is the "program" of the organization to raise funds for SM. The Management and general expenses equal to $67,560 have been reported in Column (b) on the functional expense statement as these are determined to be the "administrative" expenses of the organization.”

“Net loss on beneficial interest in trust - 40885;”