Ohio Guidestone

“Edward white and fred white have a familial relationship.”

“The staff of guidestone provides all information required to prepare the form 990 and the actual return is prepared by our accountants. Once prepared, the form is reviewed by the agency's chief financial officer prior to filing with the internal revenue service.”

“The agency has a conflict of interest policy that was approved by the board of directors. New board members are given a copy of the policy and notify the president and ceo immediately if any new conflicts arise. Existing conflicts of interest are reviewed on an annual basis by the president and vice president of finance and administration. Board members do not vote on issues which relate to existing conflicts.”

“The president and ceo is annually evaluated by the board of directors who appoint the chairs of the board, finance committee and human resource committee to conduct the formal evaluation. Once the evaluation is completed and approved by the board of directors, based on the recommendation of the appointed board members, the president and ceo is given a new one year employment contract, additional compensation as well as goals related to the operations and future sustainability of the organization. The annual level of compensation determined by the board of directors is directly related to the success of organizational goals and objectives and organizational growth. Yearly salary surveys of other president and ceo's in the social service industry are utilized to ensure a competitive balance is attained and continued.”

“The organization does not make its governing documents or conflict of interest policy available to the public; however, the organization does include its annual report, which contains the financial statements, on its website.”

“On january 16, 2015, ohioguidestone organized ohioguidestone pharmacy llc (pharmacy), an ohio limited liability company, of which ohioguidestone is the sole member. In a prior year, ohioguidestone entered into an agreement with an unrelated third party and outsourced the management of the pharmacy operations. On july 1, 2015, the pharmacy purchased certain assets from the third party. The purpose of the pharmacy is to administer pharmacy operations to serve the beneficiaries of ohioguidestone's services. Management of ohioguidestone considers the operations of the pharmacy to be major and central activities.”

“Pension related changes other than net period pension cost 435,370. Change in value of charitable gift annuity obligations -62,821. Change in value of rate swap liability 160,253. Change in beneficial interest in perpetual trusts -22,477.”