Financial Issues Stewardship Ministries

“Board members Yvonne Celia and Daniel Celia have a family relationship.”

“The Organization amended its bylaws to establish a Pastoral Advisory Council, which assists and supports the community of churches that share the Organization's statement of faith and provide the Organization's Board with spiritual, doctrinal, and theological advice when requested. Additionally, the Organization clarified in its Bylaws that the Organization's fiscal year end is September 30th.”

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

“The Organization has a conflict of interest policy. The 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, 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 statements with previously undisclosed conflicts of interest are forwarded to appropriate Organization officials to take appropriate actions as required by the policy.”

“The Organization has adopted an executive compensation setting policy applicable to its key leaders, including the Organization's CEO, officers and other top leadership personnel. Under the policy, an independent committee of the Board of Directors annually reviews and approves the compensation levels of all individuals subject to the policy. The deliberations and decisions of the committee are documented in the minutes of the committee meeting. In its deliberations, the committee utilizes appropriate information regarding compensation amounts paid for comparable positions in comparable organizations. These procedures are followed to ensure that compensation arrangements for the Organization's key leaders are reasonable and appropriate.”

“The Organization provides, upon request, copies of its articles of incorporation, bylaws, conflict of interest policy and its financial statements.”

“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.”