700 Prospect Corporation

“The individuals holding the following positions at the united church of christ shall constitute the board of trustees: (i) the general minister and president of the united church of christ; (ii) each executive minister of each of the covenated ministries of the united church of christ; (iii) the secretary of the united church of christ board; and (iv) the treasurer of the united church of christ board or his or her designee all others shall be appointed by the trustees listed above.”

“The form 990 is initially reviewed by the cfo and accounting specialist. A copy is then provided to the board members for final review before filing with the irs.”

“1. All covered persons (trustees and key employees) must submit an annual statement of disclosure detailing any facts or circumstances that might constitute a conflict of interest. All covered persons must submit an amended statement of disclosure within 30 days of a change or addition to the information provided in the annual statement of disclosure, or prior to any deliberation or vote on a matter involving the potential conflict of interest, whichever occurs first. 2. The secretary and the treasurer of 700 prospect corporation will together review each statement of disclosure for any set of facts or circumstances that may indicate an actual or potential conflict of interest. The secretary and the treasurer may request the assistance of the office of general counsel to identify such conflicts. 3. The secretary and the treasurer review actual conflicts. 4. Depending upon the conflict, the following measures might be taken: a. Waive the conflict of interest as unlikely to affect the covered person's ability to act in the best interests of the organization; b. Determine that the covered person should be recused from all information, deliberation, and decision-making related to the particular transaction or relationship that gives rise to the conflict of interest. This course of action should apply when the transaction or relationship presents a conflict of interest that is limited to a particular activity; or c. Determine that the covered person must resign from his or her service to the 700 prospect corporation board of trustees. This course of action should apply when the conflict of interest is so pervasive that the covered person would likely seldom, if ever, be able to act solely in the best interests of 700 prospect corporation”

“The governing documents, conflict of interest policy, and financial statements are made available to the public upon request for the same period of disclosure as set forth by irc section 6104(d).”

“Miscellaneous outside services: program service expenses 113,586. Management and general expenses 0. Fundraising expenses 0. Total expenses 113,586. Cleaning services: program service expenses 88,615. Management and general expenses 0. Fundraising expenses 0. Total expenses 88,615.”