Adventist Today Foundation

“Board members Loren Seibold and Carmen Seibold are married to each other. The wife of board member Bjorn Karlman was paid for news reporting part of the year. Paul Richardson is related through his wife to the man who served as accountant through Sep 2021 and the woman who did office work and kept track of donations for Adventist Today through Sep 2021.”

“New bylaws were voted in Feb 2022.”

“In Sep 2021, we discovered that Adventist Today Foundation funds had been sent elsewhere by Paul Richardson without board consultation or approval. See more details in the explanation for Part IV, #26.”

“The board members all received copies of Form 990 for 2021 shortly before the board meeting of Oct 9, 2022, and the Form submission on Oct 14, 2022. They could ask questions about the Form during the board meeting on Oct 9, 2022, and could email questions before (or after) the meeting.”

“Form 990 has not been posted on the website previously, but Adventist Today is posting the 2021 Form 990 (and the Forms for the previous two years) on its website starting in Oct 2022. Previous Forms 990 have been automatically available on other websites that post the forms for many organizations. If requests are made for our Form 990, we will refer to our website and list other websites that also provide the information. We are also posting our Form 1023 on the website.”

“The figures shown for the various program services include allocations of the "Information technology" and "Miscellaneous" program expenses shown in Part IX. No revenue is attributed to any particular program service, as there are no subscription fees for any of them. Adventist Today relies on donations instead of charging its readers.”

“After Sep 2021, Adventist Today stopped producing AT1 videos. Expense of $42,080 for AT1 had been incurred to that point in 2021.”

“Adventist Today used cash method accounting until Sep 2021, when new management and a new accountant took over and changed to accrual accounting (reposting the Jan to Sep 2021 accounting entries) to better match expenses to when they are incurred and to show actual cash on hand. This resulted in a restatement of the prior year ending net assets, as some payments and cleared checks of 2021 were 2020 expenses but had not been deducted from the 2020 net assets. We show the prior-period correction in Part XI.”