Dream Centers of Michigan

“The Executive Committee consists of the President, Secretary and Treasurer (as long as they are directors) and any other directors appointed by the board. The Executive Committee, subject to those limitations as may be required by law or imposed by resolution of the board of directors, may exercise all powers and authority of the board of directors in the management of the business and affairs of the corporation between meetings of the board of directors, except that the Executive Committee will not have the power or authority to approve the corporation's annual budget or to: 1) Amend the Articles of Incorporation 2) Adopt an agreement of merger or conversion 3) Recommend to the members the sale, lease, or exchange of all or substantially all of the corporation's property and assets 4) Amend the bylaws of the corporation 5) Fill vacancies on the board 6) Fix compensation of the directors for serving on the board or on a committee”

“The organization does not compensate any other officers or key employees. Therefore, this line was answered no in accordance with the instructions.”

“The sole member of the Corporation shall be Woodside Bible Church of Troy.”

“The term of office of any director will commence upon his or her election or appointment by the affirmative vote of a majority of the Member.”

“Any director may be removed, either with or without cause, by the affirmative vote of the member. Any vacancy may be filled by the affirmative vote of the member. The bylaws may be amended or repealed by the affirmative vote of two-thirds of the directors provided that consent of the member shall be required for any amendments to Article I, Members.”

“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.”

“The organization requires all officers and board members to annually complete and sign a conflict of interest questionnaire. The Executive Director is responsible for reviewing the signed statements and ensuring that interested persons are in compliance with the conflict of interest policy. The Treasurer reviews the Executive Director's signed conflict of interest statement. 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.”

“The Executive Director's compensation is determined by the independent members of the board in conjunction with the Executive Team of Woodside Bible Church of Troy, the sole member. Comparability data is used in determining compensation and this process is documented.”

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

“Misc. Income - Total Revenue: 674, Related or Exempt Function Revenue: 674, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;”

“(Expenses $ 5,196 including grants of $) Economic Empowerment Program: Dream Centers of Michigan advanced its Economic Empowerment pillar by offering financial coaching, job readiness training, and access to employment support to residents navigating poverty. Programming included one on one and workshops on credit building, budgeting, and employment preparation. Partnerships were strengthened with local businesses to explore pathways toward workforce integration and long-term economic sustainability. Efforts were also made to assess social enterprise opportunities aligned with Dream Centers' mission and neighborhood revitalization goals.”

“Staff are compensated by a related organization, Woodside Bible Church of Troy. Woodside Bible Church of Troy files all required payroll information returns as required by the IRS. As such, due to common paymaster rules as instructed by the IRS, the number of employees reported represent the number of employees who work for the filing organization. Dream Centers of Michigan reimburses the related organization for the employees' compensation and the reimbursements are reported on 990 Part VII, Section A and 990 Part IX, Lines 5-10.”