Bsf Global Impact Corp

“The sole member of bsf global impact corp. Is bible study fellowship, a supported organization of bsf global impact corp. Bible study fellowship is a california not-for-profit, and an organization described in section 501(c)(3) of the internal revenue code.”

“The organization's sole member, bible study fellowship, is entitled to elect the board of directors of bsf global impact corp. As reported on schedule a, part i, bsf global impact corp. Is a type 1 supporting organization of bible study fellowship.”

“The bylaws provide that the organization's annual operating budget must be approved by the sole member.”

“The organization does not have any committees with authority to act on behalf of the governing body. Therefore, this line was answered no in accordance with the instructions.”

“Form 990 is prepared by an independent tax preparer and is reviewed in detail by the director of finance and cfo for accuracy. The return is then provided to the board of directors for their review prior to being filed with the irs.”

“The organization requires the board of directors and officers to complete a conflict of interest disclosure statement annually. The board as a whole is responsible for oversight of the policy, and monitoring for any potential conflicts. 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.”

“Bsf global impact corp. Does not compensate any of its officers, directors or key employees. Therefore, lines 15a and 15b were answered no in accordance with the instructions. Some of the officers are compensated, however, by bible study fellowship (bsf), a related organization. The compensation committee of the bsf board of directors determines compensation for the executive director, top executives, and key employees. Comparability data provided by the hr manager is used in the process and the decisions are subject to board approval and are documented in the board minutes. Compensation packages are reviewed on an annual basis for appropriateness.”

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

“Amounts listed in columns (e) and (f) represent compensation paid by bible study fellowship. Bsf global impact corp. Did not compensate any trustees, directors, officers, or key employees directly.”