Believers Stewardship Services Inc

“The Executive Committee shall consist of at least three (3) Directors of the Corporation, two of which shall be the Chairman of the Board, as specified in Article 4, section 15, and the President, as specified in Article 6, section 4, respectively, who shall serve as members of the Executive Committee with the right to vote, and one of which shall be appointed by the Board and shall serve at the pleasure of the Board. Subject to the limitations set forth in Section 2 of this Article 5, the Executive Committee shall have and exercise the full authority of the Board of Directors between meetings of the Board. Per Section 2 of Article 5, the Executive Committee may not: (1)adopt a plan for the distribution of the assets of the Corporation, or for dissolution: (2) fill vacancies on the Board or on any committees; (3) elect, appoint or remove any office or Director or member of any committee, or fix the compensation of any member of a committee; (4) adopt, amend or repeal the bylaws of the Articles of Incorporation of the Corporation; (5) adopt a plan of merger or adopt a plan of consolidation with another Corporation, or authorize the sale, lease, exchange or mortgage of all or substantially all of the property or assets of the Corporation; or (6) amend, alter, repeal or take action inconsistent with any resolution or action of the Board when the resolution or action of the Board provides by its terms that it shall not be amended, altered or repealed by action of a committee.”

“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.”

“The conflict of interest policy is reviewed at the Annual Meeting. Directors document and sign any potential conflicts of interest. 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.”

“Line 15a - The Board of Directors established the Executive Compensation Committee, composed of the Chairman, Treasurer, and Risk Officer who review the President's salary and benefits on an annual basis and provide a recommendation for the Board. The Committee reviews comparability data on a periodic basis and documents its deliberations in annual meeting minutes. Line 15b - The President, in consultation with the Comptroller, reviews periodic comparability data and sets the salary for all other employees. The Directors approve the salaries upon approval of the budget.”

“The governing documents, conflict of interest policy and financial statements are available upon request.”

“Believers Stewardship Services, Inc. does not file any W-2s as all employees are outsourced from a professional employment organization. Believers Stewardship Services, Inc. reimburses the professional employment organization for the employees' compensation and the reimbursements are reported on 990 Part VII, Section A and 990 Part IX, Lines 5-10.”

“Change in value of split-interest agreements -4,351.”