Ligonier Academy of Biblical

“James Campisi, Dr. W. Robert Godfrey, Dr. Steven Lawson, Christopher Larson, James Moore, and Diane Berry have a business relationship as officers/directors/employees of a related tax-exempt organization.”

“The Academy's sole member is Ligonier Ministries, Inc.”

“Directors are appointed by the Academy's sole member, Ligonier Ministries, Inc.”

“The Academy's sole member must approve the following decisions before they become effective: (1) amendment or repeal of the Articles of Incorporation or Bylaws; (2) merger of the Academy; (3) sale, pledge, or transfer of all or substantially all of the Academy's assets; or (4) dissolution of the Academy. In addition, the Academy's sole member is reserved the right to remove any director from the Board.”

“The Academy's top management official and top financial official each review the Form 990 prior to its filing with the IRS. A copy of the final Form 990 is also provided to the voting members of the Academy's governing body prior to its filing with the IRS.”

“The Academy's conflict of interest policy is distributed to each member of the Academy's governing body, its officers, and its key employees on an annual basis. Each such individual provides an annual disclosure statement indicating that they have received, read, understood and agreed to comply with the policy, and certifying that: (1) they have no relationships or interests that present a conflict of interest, (2) they have one or more conflicts of interest that have been fully disclosed as required by the policy and have been properly administered in conformity with the policy, or (3) they have previously undisclosed conflicts of interest and disclosing the details of such conflicts. Any disclosure statements with previously undisclosed conflicts of interest are forwarded to appropriate Academy officials to take appropriate actions as required by the policy.”

“The Academy's compensation setting policy requires that an independent committee of the Board of Directors determine the compensation package of all officers and directors of the Academy. The independent committee of the Board of Directors considers, in setting such compensation, a compensation study by special legal counsel with expertise in the area of reasonable compensation for nonprofit executives, utilizing data regarding compensation paid to persons serving in similar capacities in comparable organizations as well as national compensation data such as that published by The Church Network, the Christian Management Association, and Guidestar. These compensation studies are performed periodically, with the most recent study performed during the 2018 tax year.”

“The Academy makes its financial statements and its Form 990 available to the public through the Organization's website. Financial statements, Form 990, and governing documents are available by mail upon request.”

“An audit of the Academy's financial statements is conducted annually by an independent certified public accounting firm, which has resulted in the issuance of an unqualified opinion. In addition, the Academy is a fully accredited member of the Evangelical Council for Financial Accountability (ECFA) and, as such, subscribes to ECFA's Seven Standards of Responsible Stewardship addressing: (1) operation in conformity with the Academy's evangelical Christian doctrinal statement, (2) oversight by a Board of Directors, the majority of which are independent (as that term is defined by ECFA standards), (3) submission of complete, accurate, audited financial statements, (4) proper management and financial controls over the use of the Academy's resources, (5) public availability of the Academy's current financial statements upon written request, (6) avoidance of conflicts of interest, and (7) responsible, truthful fund-raising practices.”

“The Academy's Board of Directors, or a committee thereof, assumes responsibility for the oversight of the audit of its financial statements and the selection of an independent accountant.”