Z Ministries Inc

“The Organization's top management official and top financial official each review the Form 990 prior to its filing with the IRS. A copy of the final Form 990 is also provided to the voting members of the Organization's governing body prior to its filing with the IRS.”

“The Organization's conflict of interest policy is distributed to each member of the Organization's governing body, its officers, and its key employees on an annual basis. Each such individual provides an annual disclosure statement indicating that they have received, read, understood and agreed to comply with the policy, and certifying that: (1) they have no relationships or interests that present a conflict of interest, (2) they have one or more conflicts of interest that have been fully disclosed as required by the policy and have been properly administered in conformity with the policy, or (3) they have previously undisclosed conflicts of interest and disclosing the details of such conflicts. Any disclosure statement with previously undisclosed conflicts of interest are forwarded to appropriate Organization officials to take appropriate actions as required by the policy.”

“An independent compensation committee established by the Board of Directors and consisting of individuals who do not have a conflict of interest (as defined in Treas. Reg. 53.4958-6) with respect to the compensation arrangement being considered annually reviews and approves the compensation level of the Organization's President. The deliberations and decisions of the committee are contemporaneously substantiated, and the committee utilizes comparability data in its deliberations (with updated data generally obtained every two to three years). The Organization's President reviews and approves the compensation level of all other disqualified persons, including the Organization's officers, directors and key employees, with whom the President does not have a conflict of interest (as defined in Treas. Reg. 53.4958-6). The deliberations and decisions of the President are contemporaneously substantiated, and the President utilizes comparability data in his deliberations (with updated data generally obtained every two to three years). In the event that the President has a conflict of interest with respect to any disqualified person for whom compensation is being set, the independent compensation committee established by the Board of Directors annually reviews and approves the compensation levels of such individuals using the same procedures outlined above.”

“The Organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“The Organization's Board of Directors, or a committee thereof, assumes responsibility for the oversight of the audit of its financial statements and the selection of an independent accountant. This process has not changed from the prior year.”