Adventist Today Foundation

“Loren and Carmen Seibold, both board members, are married to each other. Details of financial transactions with them are shown in Part VII.”

“On August 4, Mark Gutman told the board that in late August he would be emailing Form 990 for them to review before he submits it. On August 20, the form was emailed to the board members. They made some minor suggestions for adjustments.”

“The policies are reviewed and discussed annually. There is open and regular communication with key people.”

“Compensation is voted by the full board. Advice is sought through current market rates and advice from our professionals on the board.”

“The Form 990 is on the website. We do not directly show the governing documents, conflict of interest policy, financial statements, or Form 1023 on the website. If readers look through Form 990 to Page 6, #19, they will see that such documents are available on request. This explanation (on Schedule O) also mentions the availability. We will work to make more of the documents directly available (as Form 990 is now) without request.”

“After we amended Form 2022 (Schedule B had been a mistaken repeat from the 2021 filing), we needed to correct Schedule A on Form 2023. We also corrected the spelling of one donor's name on Schedule B.”

“Program expense: Payments to writers, editors, monitors of articles, columns 72,159; Adventist Today Sabbath Seminar (ATSS) videos and hosts 4,080; Design, edit, print, mail journal 35,001; Internet expense for ATSS and online articles and comments 10,537; Miscellaneous 1,078. Fundraising expense was 22,437 for printing envelopes and letters, and mailing fundraising materials and receipts.”

“In 2022, we reduced donations by the GiveSmart commissions and yearly charge, reasoning that donations were added just to cover the commission. In 2023, we showed both total commission and total GiveSmart charge, but we are not restating the 2022 figures because the netting was 5,915, less than 2 percent of revenues or expenses, and would not change any ratios significantly.”