Set Free Ministries

“1) the organization's purpose was changed to state: the purpose of the corporation shall be to receive and administer a fund or funds of real or personal property, or both and, subject to the restrictions and limitations hereinafter set forth, to use and apply the income therefrom and the principal thereof exclusively for christian charitable, religious, scientific, literary or educational purposes either directly or by contributions (a) to organizations that qualify as exempt organizations under section 501(c)3 of the internal revenue code of 1986, as amended, and its accompanying regulations, (b) or organizations to which deductible contributions may be made under section 170 of the code, and its accompanying regulations, (c) or persons or organizations, both domestic and international, whose purposes and work are consistent with, in support of, and accepted by resolution of the board of directors. 2) the distribution of assets upon dissolution was changed to state: upon the dissolution of the corporation or the winding up of its affairs, the assets of the corporation shall be distributed exclusively to christian charitable, religious, scientific, literary, or educational organizations not inconsistent with the stated purpose of the corporation.”

“The executive director and treasurer review form 990 prior to filing the return. A copy of the return is available for the board to review.”

“Conflict of interest policies are required to be signed by each board member and are periodically reviewed for any changes. The conflict of interest policy covers board of directors, officers, staff members, and employees. The board of directors and/or executive director reviews potential and/or actual conflicts of interest. Any person having a conflict of interest does not participate in any decision making process affecting the vendor/agency transaction.”

“The compensation of all disqualified persons for each year, or the terms of compensation for a multi-year contract are established, reviewed, and approved by the board in advance. The board will collect information regarding amounts paid by comparable organizations for comparable services and consider how the proposed compensation compares to comparison information. This process is recorded in the meeting minutes.”

“The organization's governing documents, conflict of interest policy and financial statements are available upon request.”