Adventist Today Foundation

“Loren Seibold and Carmen Seibold are married to each other, are both board members, and are both contractors for Adventist Today. Loren is editor of the journal and the online articles, and Carmen oversees the interactive website.”

“A rough draft of the filled-out 2022 Form 990 was circulated to the board members via email on November 14, 2023, in the first part of November to review for at least two days before we filed it with the IRS.”

“The rates for payment of each independent contractor were voted by the board as part of the budgeting process.”

“We had not made the governing documents or financial statements generally available, although we would have provided them to those who ask. The officers are currently discussing how to put the documents on the website, but they are available and will be provided to those who ask for them.”

“The amount showing for board member Bjorn Karlman on page 6 was not sent to him on a 1099 because he is neither a resident nor a citizen of the United States.”

“We discovered that Schedule B was a repeat of the 2021 Schedule B. We updated the 2022 Schedule B with the correct names and amounts, and corrected the Schedule A calculation of Line 7b on Page 3.”

“Writers for print journal and online, $49,458 Designing, printing, and sending journal $25,451 Internet expense 20,182”

“The previous director of Adventist Today wrongfully and secretly transferred cash from Adventist Today to another organization he was connected with. When we finally discovered what he had done, he refused to return the money, so we recorded the funds as a receivable. When he realized that he faced legal problems with the transfers, he offered a noncash asset as payment. The 24,379 figure represents money taken plus legal expense involved in transferring the noncash asset to Adventist Today.”