Sozo Supporting Organization Fund

“A majority of directors are appointed by the supported organization (national christian charitable foundation, inc. Or "nccf"). Certain nccf directors are not considered independent since they receive compensation from nccf for services provided to nccf.”

“David dillon and michele dillon have a family relationship.”

“A majority of the directors of the organization's board (the "nccf directors") shall be designated by national christian charitable foundation, inc. ("nccf"). The nccf directors shall each be a person who is not a "disqualified person" as that term is described in section 4946 of the internal revenue code. A minority of directors shall be designated by the donor group, in accordance with the organization's bylaws.”

“The organization's tax return is compiled and reconciled with financial records from the consolidated audit of national christian charitable foundation, inc., which were subject to limited audit procedures. Once form 990 is prepared, the return is reviewed by nccf. The form 990 is then sent to all directors prior to filing with the irs.”

“The organization requires officers, directors, and key employees to complete an annual conflict of interest statement acknowledging receipt and review of the policy and adequately disclosing the nature of any potential conflicts. If a conflict of interest is present, after the interested party provides all pertinent details regarding the potential conflict, the subject officer, director, or key employee is recused from any further discussion, deliberation or voting on the matter. The governing body or a relevant committee will then review the potential conflict and determine an appropriate course of action in accordance with the conflict of interest policy.”

“There are no officers, directors, or key employees compensated by the filing organization at this time.”

“The organization makes its form 990 available upon request.”

“The organization does not make its governing documents, policies, or financial statements available to the public.”

“The organization has done a thorough analysis to determine if it has any reportable unrelated business income ("ubi"). We have concluded that the organization has no ubi and therefore, has no 990-t filing requirement for this tax year.”

“The organization's net assets were reduced by 70.43% during 2024 due to an increase in "grants made in the ordinary course of the organization's exempt activities". Per page 73 of the form 990 instructions, grants are not considered significant dispositions of net assets for purposes of schedule n, part ii. The organization sold 100% of an investment in a lp and then granted 100% of the sale proceeds to its supported organization, national christian charitable foundation, inc., a 501(c)(3) charity. Sozo also granted 100% of another investment, a note receivable, to a 501(c)(3) charity. Both grants were made in the ordinary course of the organization's exempt activities to accomplish the organization's exempt purpose.”

“Ubti member or partnership distributions 181,693.”