Eunhye Korean Presbyterian Church

“The board of directors reviews form 990 2024”

“CONFLICT OF INTEREST IN THE PRESBYTERIAN CHURCH IN AMERICAI. BACKGROUNDThe Presbyterian Church in America continues to minister and to grow in an ethically complex society. Faithful stewardship in the leadership of the church demands high levels of trust in every relationship, and avoidance even of the appearance of wrongdoing. By direction of the General Assembly and through the office of the Committee on Administration, an ad hoc committee of five people was appointed to review the need for the establishment of formal standards for the guidance of all the churchs committees, boards, and management personnel. II. DEFINITIONS AND ABBREVIATIONSPresbyterian Church in America (PCA). Includes the General Assembly and all formal adjuncts to the General Assembly, its committees (both permanent and temporary) and boards of agencies, the management personnel of those entities, and the presbyteries of the church and their related committees. Included for counsel but not for jurisdiction are the particular churches of the denomination.Management Personnel. For the purposes of this document, the term Management Personnel shall include all members and officers of committees III. REASONS FOR A POLICYThe Presbyterian Church in America, both as a corporation and as an ecclesiastical body initiated and sustained by God, has a mandate to conduct all its affairs decently and in order and in a manner which is above reproach in the sight of both God and man.Such accountability includes a commitment to avoid all conflicts of interest. Such a duty is underscored by Standard 6 of the Evangelical Council for Financial Accountability, (of which the PCA is a member organization), which says simply: Every member organization shall conduct its activities with the highest standards of financial integrity. The PCA as a nonprofit tax-exempt ministry depends on charitable contributions from its members and the Christian public. The maintenance of that tax-exempt status is important for the churchs continued financial stability. The Internal Revenue Service and state corporate and tax officials view the operations of the church and its parts as in the nature of a public trust that is subject to scrutiny by and accountability to both governmental authorities and members of the public.IV. PERSONS CONCERNEDConflict of interest policies of the PCA concern all Management Personnel and their families, as well as any employees who may influence the actions or obligate the PCA. V. AREAS IN WHICH CONFLICTS MAY ARISEConflicts of interest may arise in a broad area of relationships. Included as examples, but not intended as an exhaustive list:1) Persons or entities supplying goods and services to the PCA.2) Persons or entities from whom the PCA leases property and equipment.3) Persons or entities with whom the PCA deals in connection with the gift, purchase, or sale of real estate, securities, or other properties.4) Persons or entities paying honoraria or royalties for products or services delivered by the PCA or its agents or employees.5) Other ministries or nonprofit organizations.6) Donors and others supporting the PCA.7) Agencies, organizations, or associations which affect the operations of the PCA.8) Family members of PCA Management Personnel VI. NATURE OF CONFLICTING INTERESTConflict of interest exists when any interest, direct or indirect, on the part of any of the parties listed in the preceding section could reasonably be expected to exert influence of any kind on or affect the judgment of Management Personnel of the PCA.Examples of such conflict of interest include:1) Owning stock, holding debt, holding office, or other proprietary interests in any third party dealing with the PCA.2) Receiving direct or indirect remuneration or benefits for services to the PCA.3) Using the PCAs personnel, equipment, supplies, or good will for other thanformally approved activities, programs, and purposes.4) Receiving personal gifts or loans from third parties dealing with the”

“The organization makes its governing documents, conflicts of interest policy, and financial statements available to the public upon request.”