Shepherds Foundation Inc.

“The Executive Committee includes all officers of the corporation who are directors of the corporation, the chairperson of each of the standing committees, except the Board Development Committee, and additional members of the Board known as Members at Large elected annually at the time of election of officers. The Executive Committee conducts the business of the Corporation between regular Board of Directors' meetings within the general policies set by the Board of Directors.”

“Shepherds Baptist Ministries is the sole member of Shepherds Foundation.”

“Shepherds Baptist Ministries elects the members of Shepherds Foundation's board of directors.”

“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 return as filed with the IRS 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 Foundation does not compensate any officers or key employees. Therefore, Lines 15a and 15b have been answered "no" in accordance with the instructions.”

“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 Baptist Ministries. Shepherds Baptist Ministries 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.”

“As a supporting organization, the exempt purpose of the organization is to raise funds and support the ministry of Shepherds Baptist Ministries (SBM). Therefore, fundraising expenses equal to $474,528 have been reported in Column (b), Program service expenses on the functional expense statement as it is the "program" of the organization to raise funds for SBM.”

“Change in value of beneficial interests 40,737.”

“The organization's Finance Commmittee assumes responsibility for oversight of the audit of its financial statements and selection of its independent accountant. This process has not changed since the prior year.”