The Schaeffer Center for Christian Study

Form 990-EZ, Part V, Line 34

“Article IV, Section 1 of the Articles of Incorporation was amended to say "The affairs of the Corporation shall be managed by a board of directors consisting of a membership set forth in the bylaws." Article IV, Section 2 of the bylaws was deleted and the following substituted in its place: "Number, Composition and Term. The Board of Directors elections and terms shall be determined by these Bylaws. The Board of Directors shall consist of no less than 1 and no greater than 18 persons. Each board member shall serve a term of three (3) years and at most two (2) consecutive terms. If the Executive Director is serving on the Board, the term of the Executive Director may be continuous beyond two consecutive terms so long as he or she continues to serve as Executive Director. A former board member may be reelected after a period of one year (1) year or by approval of seventy-five-percent (75%) of board members present." Article IV, Section 4 of the bylaws was deleted and the following substituted in its place: "A majority of the Board of Directors shall constitute a quorum for the transaction of any business, but in no case shall a quorum consist of less than three Directors."”