Stonecroft Ministries Inc.

“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.”

“The conflict of interest policy is reviewed annually with all employees, officers, and directors. Also, a questionnaire is completed annually by each employee and director; the human resource department reviews the completed questionnaires to ensure the policy is followed. 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 board of directors approves the CEO's compensation annually. The board reviews data on CEO compensation from similarly situated organizations and CEO performance in order to determine reasonableness of compensation. Further, the board approval of the CEO's compensation is documented in the minutes. The human resource department determines reasonableness of other officer and employee compensation by performing an annual comparability study. The HR recommends compensation to the CEO, who then approves the recommended compensation. This approval is approved in the board minutes via budget approval process.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Stonecroft Ministries, Inc. does not file any W-2's as all employees are outsourced from a professional employment organization. Stonecroft reimburses the professional employment organization for the employees' compensation and the reimbursements are reported on 990 Part VII, Section A and Part IX, Lines 5 - 10.”

“The organization's Audit Committee assumes responsibility for oversight of the audit of its financial statements and selection of its independent accountant. This process has not changed since the prior year.”