Church Planting Network Inc

“Dave Ferguson and Jon Ferguson, Family relationship - Brothers”

“Church Planting Network, Inc. hires an independent CPA firm to prepare the 990. The form 990 is provided to the Managing Director and Treasurer of the Organization and made available for review by each member of the Board of Directors prior to filing.”

“All officers and members of the Board of Directors must disclose the existence of any actual or possible conflict of interest. If, and when, an actual or possible conflict of interest is disclosed, the remaining members of the Board of Directors shall decide if a conflict of interest exists and take necessary action to mitigate the conflict of interest. If the Board of Directors has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. If, after hearing the member's response, and after making further investigation as warranted by the circumstances, the Board of Directors determines the member has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action.”

“The compensation of all top management officials is reviewed by the Board of Directors to ensure that the amounts being compensated are reasonable and consistent with the amounts paid by similar organizations. In particular, the Board of Directors shall review and approve compensation as part of the annual budgeting process. The compensation of all Officers or Key Employees is reviewed by the Board or a committee with governing board delegated powers to ensure that the amounts being compensated to such Officers and Key Employees are reasonable and consistent with the amounts paid by similar organizations in similar geographic locations. In particular, annually, the Board will review and approve any increase in compensation received by an Officer or Key Employee from the prior year.”

“Governing documents are made available to the public for review upon request.”

“Dave Ferguson is compensated as Conference Creative Overseer and Conference Speaker. These duties are performed independent of his responsbilities as Board President. Todd Wilson was hired by the Board of Directors as the top management official and is responsible for the day to day activities of Exponential. He acts under the authority of the Board of Directors. Jon Ferguson, Dave Ferguson, and Brett Andrews are compensated as speakers at the Exponential Conferences. These duties are performed independent of their responsiblities as Board Members.”

“Line 4a - First Accomplishment - Regional Events: In 2019 Exponential ran six regional events. The regional conferences bring the main stage experience from the national conference to a local setting. The 1.5 day regional conferences minimize travel expense and are more affordable to teams. The sponsorship and registration revenue covers the cost of presenting the conferences. The financial model that we use for our regional events differs from our national events. The host church runs the event much like their Sunday services. Exponential pays for the speaker honorariums and some additional expenses that the church might not otherwise incur with one of their own special events. This allows Exponential to share the message of church multiplication even further than our national events. Line 4c - Third Accomplishment - Digital Access Pass that includes all main stage sessions from our national conference and most regional conferences. In addition to many other digital kits for church multiplication leaders.”

“Contract Labor: Program service expenses 272,321. Management and general expenses 9,839. Fundraising expenses 0. Total expenses 282,160.”