Stonecroft Ministries Inc

“No committee has authority to act on behalf of the governing body.”

“Form 990 was prepared by an independent cpa firm and reviewed in detail by the organization's top management. The reviewed form 990 was then provided to every member of the board of directors prior to filing with the irs.”

“Stonecroft ministries, inc (stonecroft) requires all interested persons, defined as any director, principal officer, or member of a committee of stonecroft with governing board delegated powers, to annually attest 1) they have received a copy of the coi policy; 2) they have read and understand the policy; 3) they have agreed to comply with the policy; and 4) they understand stonecroft is a charitable organization and in order to maintain its tax-exempt status, it must engage in activities which accomplish its exempt purpose. If a transaction is disclosed, the interested person may make a presentation to the governing board or committee members. The transactions are subsequently reviewed by the applicable governing board or committee members to determine if a conflict exists, and the individual involved in such transaction is excused from such review. If necessary, the chairperson of the governing board or committee may appoint a disinterested person or committee to further review or investigate an alternative transaction or arrangement.”

“Stonecroft ministries, inc's (stonecroft) board of directors (board) is responsible for the annual review of compensation for all officers of stonecroft. The board reviews comparability data from a compensation consultant, axcet, to determine reasonable compensation. This information, along with the board's assessment of each officer's performance, is used to determine compensation adjustments. This process is documented in the board's meeting minutes and last took place september 2024.”

“Stonecroft ministries, inc. (stonecroft) makes its conflict of interest policy and financial statements available to the public upon request to our office for the same period of disclosure set forth in section 6104(d). Stonecroft does not make its governing documents available to the public.”

“The oversight of the financial statement audit and the selection of the independent accountant has not changed from the prior year.”