Bright Hope International

“Members shall consist of member churches.”

“Form 990 is prepared by an independent tax preparer and reviewed in detail by the organization's top management. It is reviewed in detail by the cfo and sr. Accountant. A draft copy is then provided to each board member prior to filing with the irs.”

“Board members and officers annually sign conflict of interest statements. The treasurer monitors all transactions to ensure conflicts of interest are avoided or properly handled if necessary and the cfo reviews the treasurer's conflict of interest statement. 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 president's compensation is determined annually by the independent members of the board of directors who review comparability data gathered by the human resources manager. An independent review has shown that compensation data is at, or somewhat below, market. The deliberation and decision is documented in the board minutes. Form 990, part vi, section b, line 15b: the compensation for the vp of programs is determined and approved by the organization's compensation committee, comprised of the president, cfo and human resources manager. Comparability data is used and the approval is documented as part of the approval of the overall budget.”

“The organization's governing documents, conflict of interest policy, audited financial statements, and form 990 are made readily available to any requestor in their choice of electronic or paper copies. The organization's website has some of these documents available for immediate download.”

“By letter dated february 17, 2022, the internal revenue service determined that bright hope international is an association of churches because it is a public charity described in sections 509(a)(1) and 170(b)(1)(a)(i) of the internal revenue code (the "code"). As such, bright hope international is not required to file form 990. Notwithstanding bright hope's form 990 filing exemption, bright hope has elected voluntarily to file form 990 out of a desire to foster transparency and accountability. Bright hope's voluntary decision to file form 990 should in no way be interpreted as being inconsistent with its status as an association of churches or be deemed a waiver of any of the rights of privileges that accompany its recognized status as an association of churches, bright hope continues to operate in all ways as an association of churches described in sections 509(a)(1) and 170(b)(1)(a)(i) of the code.”