Living on the Edge with Chip Ingram

“The Executive Committee of the board consists of the President, Board Chairman and Treasurer. Per the Bylaws of the organization, the Executive Committee may act on behalf of and with the authority of the board except with respect: (1) filling vacancies of the board or other committees, (2) adopting, amending or repealing bylaws, (3) amending or repealing any resolution of the board of directors which by its express terms is not so amendable or repealable; or (4) appointing other committees of the board.”

“Chip Ingram and Theresa Ingram - Family relationship”

“The organization updated its Articles to change its name and legal domicile.”

“Form 990 is prepared by an independent CPA firm and reviewed in detail by the organization's top management. The reviewed Form 990 is then provided to the board of directors prior to filing with the IRS.”

“LOTE requires all officers and board members to annually complete and sign a conflict of interest questionnaire. The Board Chair is responsible for reviewing the signed statements and ensuring that interested persons are in compliance with the conflict of interest policy. 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.”

“Annually the independent members of the Executive Committee determine the compensation for the organization's CEO, President/COO and EVP of Global Ministries using comparability data and performance evaluations. In 2023, the organization performed a compensation study with a CPA firm. The process and determination of compensation is documented in the meeting minutes.”

“See narrative for Form 990, Part VI, Line 15a.”

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

“Other Revenue - Total Revenue: 19888, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 19888;”

“Compensation reported in Part VII, column D and Schedule J, Part II, column B is the amount reported on the individual's W-2, box 1 or 5 (whichever amount is greater) per the IRS instructions. In the case of minister's compensation when box 5 of the W-2 is not applicable, box 1 compensation is used. Employee deferrals to qualified retirement plans are normally captured in box 5, not box 1 of Form W-2. For reporting purposes we have included the minister's retirement plan deferrals in Part VII, column F and Schedule J, Part II, column C.”

“Training & Recruiting - Total Expense: 661226, Program Service Expense: 661226, Management and General Expenses: , Fundraising Expenses: ; Social Media & Copywriting - Total Expense: 142890, Program Service Expense: 142890, Management and General Expenses: , Fundraising Expenses: ; Consulting - Total Expense: 410524, Program Service Expense: 410524, Management and General Expenses: , Fundraising Expenses: ; Other Contractors - Total Expense: 107600, Program Service Expense: 107600, Management and General Expenses: , Fundraising Expenses: ; Other Professional Fees - Total Expense: 49114, Program Service Expense: 27463, Management and General Expenses: 21651, Fundraising Expenses: ;”