Grace & Truth Inc

“The normal procedure for making policy decisions and other significant decisions is to have the primary staff, including officer (board members) gather together for prayer and discussion. Proposals are then sent to board members and appropriate consultants who were unable to be present for the discussion in order to receive their advice. The primary staff then gathers again for prayer and to make the final decision. If practical, such decisions are made during the annual corporate meeting. Those involved in decision making have a history of working together and dealing with issues and policies in a harmoneous way.”

“Because of their involvement in the financial matters and records of the corporation, former and current board presidents sam hadley, paul van ryn and paul alberts, have reviewed this form 990 before it was signed and mailed to the irs. Sam and paul reviewed the form 990 together. The financial information was reviewed for accuracy and the questions were reviewed to see that they were correctly answered.”

“The corporation does not have a written conflict of interest policy because all of the staff are required to sign a statement of faith that they fully believe the biblical principles set forth in the statement of faith and they agree to live godly lives consistent with the teachings and commands of the bible. Should an employee be involved in wrong doing or display actions or behaviors inconsistent with the teachings of the bible, board members would deal with that behavior and those actions as god clearly instructs in the bible. We believe these comments set forth our policies relative to questions 12 and 13.”

“The employees of grace & truth inc are very committed to the ministry of grace & truth and they believe that they ahve been called by god to be employed at grace & truth. This being the case, they are willing to work for less compensation than they could earn working for other employers. They view themselves as serving god in their job rather than serving man so the wage scale is not a big issue as long as they are paid more than the required minimum wage and they receive enough to provide for their needs in a frugel lifestyle.”

“Regarding governing documents, conflict of interest policy and financial statements made available to the public. As stated previously, the corporation does not have a specific written conflict of interest policy. Grace & truth inc has its statement of faith posted on its website along with other information about the ministry of grace & truth. A quarterly report is prepared shortly after each calendar quarter. This report contains comments about the ministry, the people involved in the ministry and comments from people whose lives have been touched by the ministry. The report also contains financial information showing cash funds available at the beginning and end of the quarter. In addition, the report summarizes the literature which was published, printed and mailed out during the quarter. This report is available in paper form and over 3,000 copies are mailed ot the magazine subscribers, donors and other interest individuals and church groups. The report is available on request in paper form or by pdf. Also, during the year other news letters and prayer request bulletins are mailed to several thousand supporters of grace & truth to keep them informed of the blessings and needs of the ministry.”

“Increase in inventory 18,479 decrease in inventory 0 total 18,479”