Grounds for Grace Inc

“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.”

“R. Tom chapman and lee gray chapman have a family relationship. R. Tom chapman and susan collins have a business relationship.”

“A majority of the directors of the organization's board of directors (the "nccf directors") shall be designated by national christian charitable foundation, inc., grounds for grace, inc.'s supported organization. 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 grounds for grace, inc.'s grantor, in accordance with the organization's bylaws.”

“While no governance decisions are reserved to or subject to approval by any persons other than the organization's governing body, nccf, grounds for grace, inc.'s supported organization, does have approval authority over grounds for grace, inc.'s investment and grant-making activities.”

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

“Grounds for grace, inc. Adopted a conflict of interest policy ("coi policy") that follows the coi policy of its supported organization, national christian charitable foundation, inc. ("nccf"). The policy requires officers, directors, and key employees of grounds for grace, inc. 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 director is recused from any further discussion, deliberation or voting on the matter. Grounds for grace, inc.'s governing body or a relevant committee will then review the potential conflict and determine an appropriate course of action in accordance with the coi policy.”

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

“Grounds for grace, inc. Makes its form 990 available upon request.”

“Grounds for grace, inc. Does not make its governing documents, policies, or financial statements available to the public.”

“Dana e. Ring is compensated by ncf, the supported organization of the corporation. Please see ncf form 990 for reportable compensation information.”

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

“Member distributions 615,006. Rounding -1.”