Ocean City Tabernacle Association Inc

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

“The Executive Committee is comprised of Board Chair, Vice Chair, Treasurer, and Secretary. The President serves as a non-voting member. The committee has the authority on behalf of the governing body ("Board of Trustees") to review and, where necessary, resolve matters which arise between meetings of the Board of Trustees.”

“Mary Anne Kull, Trustee (part year), and Robert Hunter, Treasurer (part year) - Business relationship”

“Form 990 is prepared by an independent CPA firm and reviewed in detail by the organization's top management. The reviewed Form 990, excluding the contributors' names and addresses on Schedule B, is then provided to the Board of Trustees prior to filing with the IRS.”

“The organization requires all officers and board members to annually complete and sign a conflict of interest questionnaire. The Board Chair and the President are responsible for reviewing the signed statements and ensuring that interested persons are in compliance with the conflict of interest policy. 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 Compensation Committee, which is comprised of independent members of the Board of Trustees, recommends the President & CEO's compensation to the entire Board. The Committee uses comparability data. Upon approval by the Board, the President & CEO's written contract is updated. The process is documented in Board minutes.”

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

“Misc revenue - Total Revenue: 646, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 646;”

“Honoraria - Total Expense: 178660, Program Service Expense: 176160, Management and General Expenses: , Fundraising Expenses: 2500; Professional fees - Total Expense: 56410, Program Service Expense: 49210, Management and General Expenses: 3200, Fundraising Expenses: 4000; Licensing expenses - Total Expense: 4632, Program Service Expense: 2027, Management and General Expenses: 2605, Fundraising Expenses: ;”

“Change in value of life insurance - 648;”

“Jay P. Reimer, president & CEO, was replaced by Edward P. Kaiserian, Interim president & CEO, after the end of this tax period, 12/31/2023. Accordingly, Edward P. Kaiserian is not reported on Form 990, Part VII, during this tax period.”