Bsf International LLC

“The executive committee of the organization includes the chairman, vice chair, treasurer and secretary and has all the powers and authority of the board of directors except (a) power to modify or amend the articles of incorporation or the bylaws and (b) power to act contrary to the specific instructions or specific limitations on the authority of the executive committee promulgated by the board of directors.”

“The sole member of bsf international llc is bible study fellowship, a supported organization of bsf international llc. Bible study fellowship is a california not-for-profit, and an organization described in section 501(c)(3) of the internal revenue code.”

“The organization's sole member, bible study fellowship, is entitled to elect the board of directors of bsf international llc. As reported on schedule a, part i, bsf international llc is a type 1 supporting organization of bible study fellowship.”

“Per the organization's governing documents, all powers of the organization and business affairs shall be managed under the direction of the organization's sole member, bible study fellowship.”

“Form 990 is prepared by an independent tax preparer and is reviewed in detail by the director of finance and cfo for accuracy. The return is then provided to the board of directors for their review prior to being filed with the irs.”

“The organization requires the board of directors and officers to complete a conflict of interest disclosure statement annually. The board as a whole is responsible for oversight of the policy, and monitoring for any potential conflicts. Should any potential conflicts of interest be disclosed, the board member or officer would be asked to refrain from participation in any deliberation or decision with regard to matters affected by the relationship.”

“Bsf international llc does not compensate any of its officers, directors or key employees. Therefore, lines 15a and 15b were answered no in accordance with the instructions. Some of the officers are compensated, however, by bible study fellowship (bsf), a related organization. The compensation committee of the bsf board of directors determines compensation for the executive director, top executives, and key employees. Comparability data provided by the hr manager is used in the process and the decisions are subject to board approval and are documented in the board minutes. Compensation packages are reviewed on an annual basis for appropriateness.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available upon request.”

“Amounts listed in columns (e) and (f) represent compensation paid by bible study fellowship. Bsf international, llc, did not compensate any trustees, directors, officers, or key employees directly.”

“Staff are compensated by a related organization, bible study fellowship (bsf). Bsf files all required payroll information returns as required by the irs. As such, due to common paymaster rules as instructed by the irs, the number of employees reported represent the number of employees who work for the filing organization but are compensated by a related organization.”

“Translation fees: program service expenses 241,050. Management and general expenses 873. Fundraising expenses 0. Total expenses 241,923.”

“Foreign currency g/l -6,254.”