Shepherds Baptist Ministries Inc

“The Executive Committee consists of all officers of the corporation who are directors of the corporation, the chairperson of each of the standing committees, except the Board Development Committee, and additional members of the Board known as Members at Large elected annually at the time of election of officers. The Executive Committee conducts the business of the corporation between regular Board of Directors' meetings within the general policies set by the Board of Directors.”

“The Form 990 is prepared and reviewed by an independent CPA firm, reviewed in detail and approved by certain members of the organization's board and management, and a final copy of the reviewed return is presented to the full board before filing with the IRS.”

“Board members and officers are required to disclose potential conflicts on an annual basis. The Board Chairman and Board Secretary monitor the process. 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.”

“The independent members of the Board of Directors review and approve the compensation for the President of the organization. The Board of Directors uses comparability data in their analysis. Their decision is documented in the board minutes. Form 990, Part VI, Section B, Line 15b: The independent members of the Board of Directors review and approve the compensation for the other officers of the organization. Their decision is documented in the board minutes. The organization is in the process of implementing comparability data into the compensation determination process for the other officers. This question will be answered "yes" on the 6/30/2023 tax return.”

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

“Change in value of annuities -127,302. Change in value of trusts -49,327.”