Shalom Tower Two Inc.

“Members of the corporation are st james lutheran, st paul lutheran, trinity lutheran, our saviors lutheran all in mason city ia; bethlehem lutheran manly ia;st peter lutheran rockwell ia; st luke lutheran nora springs ia; st paul lutheran thornton, ia; zion-st john lutheran sheffield ia; zion lutheran clear lake, ia; elk creek lutheran kensett ia; bethany lutheran kensett ia; and faith lutheran miller ia. Other lutheran congregations within 50 miles of mason city iowa may become members by following procedures described in the organization's articles of incorporation.”

“The members of the corporati0n have two voting delegates, one of whom is the pastor or his/her designate and also has one additional voting delegate for each 400 confirmed members or major fraction thereof over the first 200 confirmed members. Each voting delegate has one vote on any matter to be voted upon at any meeting of the membership.”

“The actions of the board of directors are subject to approval by the members of the corporation because members are allowed to vote on all matters at all meetings.”

“Board members reviewed and approved a draft of form 990 before it was filed.”

“The conflict of interest policy is monitored by requiring a written statement annually from each board of director and key employee concerning potential conflicts. A questionnaire related to conflicts is completed by each board member. Board members are excluded from voting on motions when conflicts arise.”

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

“Project management fees: program service expenses 25,317. Management and general expenses 36,929. Fundraising expenses 0. Total expenses 62,246.”

“The finance committee reviews the audited financial statements with the independent auditor annually.”