Grace Adventures Ministries

“The 990 is reviewed by the organization's president before being filed.”

“The organization continually monitors and creates awareness of the policy among employees and board members.”

“The president of the organization is evaluated by the board in a closed session where they perform industry comparisons and approve his compensation package. All other key employees are subject to an annual review and their compensation packages are approved with the annual budget.”

“The 990 is available upon written request to the business office.”

“The conflict of interest policy and financial statements are made available upon written request to the business office.”

“Activity fees: program service expenses 90,074. Management and general expenses 0. Fundraising expenses 0. Total expenses 90,074. Printing & publications: program service expenses 52,947. Management and general expenses 7,748. Fundraising expenses 24,821. Total expenses 85,516. Credit card fees: program service expenses 70,723. Management and general expenses 0. Fundraising expenses 0. Total expenses 70,723. Development expense: program service expenses 95. Management and general expenses 63,986. Fundraising expenses 229. Total expenses 64,310. Honorariums: program service expenses 44,326. Management and general expenses 0. Fundraising expenses 0. Total expenses 44,326. Registration fees: program service expenses 31,736. Management and general expenses 34. Fundraising expenses 0. Total expenses 31,770. Telephone: program service expenses 26,663. Management and general expenses 0. Fundraising expenses 0. Total expenses 26,663. Dues/subscriptions: program service expenses 7,113. Management and general expenses 213. Fundraising expenses 14,688. Total expenses 22,014. Miscellaneous: program service expenses 10,844. Management and general expenses 9,576. Fundraising expenses 0. Total expenses 20,420. Postage & delivery: program service expenses 4,517. Management and general expenses 93. Fundraising expenses 0. Total expenses 4,610. Outside labor: program service expenses 250. Management and general expenses 0. Fundraising expenses 0. Total expenses 250.”

“K-1 ADJUSTMENTS -132.”

“The organization did not change its oversight or selection process. The organization is a not-for-profit organization and is exempt from federal income taxes under section 501(c)(3) of the internal revenue code and is exempt from state and local taxes. Accordingly, no provision has been made for income taxes in the accompanying financial statements. The organization's federal tax return is subject to audit by the internal revenue services. The tax returns for the current and prior three fiscal years remain open for examination by the irs.”