32Nd St. Legacy Fund

“The board of genesis church, the member and supported organization, has the right to approve the board.”

“Genesis church reserves the right and authority to approve these corporate actions. These corporate actions may only be undertaken with written approval or ratification of (1) the board of directors of genesis church of (2) if terminating event has occurred with respect to genesis church, then the approval of ratification of the successor supported organization, as the case may be: amendments to the articles of incorporation or bylaws, election/approval of trustees, as set forth in the bylaws, incurrence of indebtedness by the corporation (other than the trade debt incurred in the ordinary course of corporation operations), adoption of a plan of merger or consolidation, sale, lease, exchange, mortgage, pledge or other disposition of all, or substantially al, the assets of the corporation, and dissolution of the corporation.”

“The form 990 will be reviewed by the organization's treasurer before filing the form and the board in its entirety will review the form 990 before filing or shortly thereafter.”

“Each director annually signs a statement which affirms they have received a copy of the conflict of interest policy, has read and understands the policy, has agreed to comply with the policy; and understands the organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax exempt purposes.”

“At this time the organization does not have compensation for anyone, however if in the future this changes, the organization's process for determining compensation will includes a review and approval by independent persons, comparability data, and recording of the discussion and the decision.”

“The organization will make their application for recognition of exemption and annual information returns available upon request without charge except for a nominal fee for reproduction and actual postage costs. Annual information returns will be available for three years after filing.”

“If the governing documents and conflict of interest policy of the organization are subject to federal or state public disclosure rules, these documents will be made publicly available as applicable law may require. Otherwise, the governing documents and conflict of interest policy will be provided to the public at the discretion of management.”