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 96,355. Management and general expenses 0. Fundraising expenses 0. Total expenses 96,355. Printing & publications: program service expenses 62,862. Management and general expenses 10,344. Fundraising expenses 17,444. Total expenses 90,650. Credit card fees: program service expenses 86,816. Management and general expenses 0. Fundraising expenses 0. Total expenses 86,816. Property taxes: program service expenses 71,555. Management and general expenses 0. Fundraising expenses 0. Total expenses 71,555. Adminstrative expenses: program service expenses 0. Management and general expenses 53,178. Fundraising expenses 40. Total expenses 53,218. Telephone: program service expenses 49,591. Management and general expenses 0. Fundraising expenses 0. Total expenses 49,591. Honorariums: program service expenses 43,485. Management and general expenses 0. Fundraising expenses 0. Total expenses 43,485. Registration fees: program service expenses 41,997. Management and general expenses 47. Fundraising expenses 0. Total expenses 42,044. Miscellaneous: program service expenses 19,225. Management and general expenses 5,016. Fundraising expenses 100. Total expenses 24,341. Dues/subscriptions: program service expenses 10,718. Management and general expenses 703. Fundraising expenses 0. Total expenses 11,421. Professional development: program service expenses 9,345. Management and general expenses 0. Fundraising expenses 0. Total expenses 9,345. Postage & delivery: program service expenses 3,408. Management and general expenses 278. Fundraising expenses 0. Total expenses 3,686. Outside labor: program service expenses 1,500. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,500.”

“K-1 ADJUSTMENTS -261.”

“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.”