Living Faith Ministries Inc

“Michael d. Smith and lisa smith are husband and wife.”

“Copies of form 990 were provided to the board for their review. Individual members reviewed the return individually. There was no meeting at which the returns were discussed together.”

“Officers, directors and key employees are questioned each year verbally as to potential conflicts of interest. Officers are in constant observance of any potential conflicts and any conflicts that are discovered are brought to the board of directors annual meeting,discussed and resolved. Any conflict discovered in the interim is brought to the attention of the board by the president by phone. Appropriate actions are taken once the board discusses the situation.”

“The board of directors makes all decisions regarding salaries. Paid officers and directors who are on the board of directors do not participate in any discussion regarding salaries and are not present at the meetings and do not vote concerning salaries.”

“Required information is provided at the offices of the company upon written request and appointment during regular business hours monday through friday.”

“Taxes and license: program service expenses 0. Management and general expenses 50,034. Fundraising expenses 0. Total expenses 50,034. Repair and maintenance: program service expenses 0. Management and general expenses 42,520. Fundraising expenses 0. Total expenses 42,520. Production expenses: program service expenses 40,581. Management and general expenses 0. Fundraising expenses 0. Total expenses 40,581. Equipment expense: program service expenses 26,949. Management and general expenses 0. Fundraising expenses 0. Total expenses 26,949. Telephone: program service expenses 1,788. Management and general expenses 8,050. Fundraising expenses 8,050. Total expenses 17,888. Newsletter expense: program service expenses 15,030. Management and general expenses 0. Fundraising expenses 0. Total expenses 15,030. Cooking shows / meals: program service expenses 8,429. Management and general expenses 0. Fundraising expenses 2,809. Total expenses 11,238. Lodging & travel: program service expenses 0. Management and general expenses 11,031. Fundraising expenses 0. Total expenses 11,031. Rent: program service expenses 0. Management and general expenses 9,240. Fundraising expenses 0. Total expenses 9,240. Bad debt: program service expenses 7,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 7,000. Automobile expense: program service expenses 0. Management and general expenses 4,199. Fundraising expenses 0. Total expenses 4,199. Credit card processing fees: program service expenses 0. Management and general expenses 4,112. Fundraising expenses 0. Total expenses 4,112. Virginia income taxes: program service expenses 0. Management and general expenses 2,977. Fundraising expenses 0. Total expenses 2,977. Dues & subscriptions: program service expenses 0. Management and general expenses 1,494. Fundraising expenses 0. Total expenses 1,494. Book expense: program service expenses 0. Management and general expenses 0. Fundraising expenses 987. Total expenses 987. Foreign tax paid: program service expenses 0. Management and general expenses 913. Fundraising expenses 0. Total expenses 913. Kentucky income taxes: program service expenses 0. Management and general expenses 175. Fundraising expenses 0. Total expenses 175. Bank charges: program service expenses 0. Management and general expenses 20. Fundraising expenses 0. Total expenses 20.”