Covenant College Foundation Inc

“The organization does not compensate any officers or key employees. Therefore, these lines were answered no in accordance with the instructions.”

“The Executive Committee is composed of at least three Board Members and a majority of the Members of the committee shall be Members of the Covenant College Board. The Board of Trustees may delegate to the Executive Committee any of the powers and authority of the Board in the management of the business affairs of the Corporation. The Executive Committee transactions shall be reported regularly to the Board of Trustees and are subject to ratification.”

“The President of Covenant College shall be a member of the board and the president and/or members of the board of trustees of Covenant College shall always constitute more than one-half of the total Board members.”

“The organization has an Executive Committee with authority to act on behalf of the governing body. The Executive Committee was not called upon during the tax year and had no minutes. Therefore, this line was answered no in accordance with the instructions.”

“Form 990 is prepared by an independent CPA firm and reviewed in detail by the organization's top management. The reviewed Form 990 is then provided to the board of directors prior to filing with the IRS.”

“All officers, directors, and committee members with Board delegated powers are required to sign a conflict of interest disclosure form annually. The President/Executive Director is responsible for ensuring compliance and that conflicts are monitored, reported, and approved. The Board Chairman reviews the President/Executive Directors disclosure. 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 organization's governing documents, conflict of interest policy, and financial statements are made available upon request by inquiry to the President's office.”

“Other Revenue - Total Revenue: 13875, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 13875;”

“Part IV, Lines 1, 3, 4 and 5 The Foundation has ownership in foreign investments as indicated in Schedule F, Part I. The Foundation analyzed its ownership in foreign organizations, both through partnership investments and directly, and has determined that it does not meet the reporting thresholds for Forms 926, 8621, 8865, and 5471.”