World Help

“The Executive Committee is composed of the Chairman and five Board Members. The Committee has the authority to act on behalf of the Board between meetings in any urgent or emergency situation (except the Executive Committee does not have the authority to alter or amend the Bylaws, to remove or appoint members of the Board, to elect or remove officers or the Executive Director, to fill vacancies on a committee, to authorize distributions, or to adopt an annual budget) and reports any action taken to the Board at the next scheduled Board meeting.”

“Vernon Brewer, Noel Yeatts, Chad Mather and Mark Hogsed - Family relationship Lester E. Taylor and Kristen Chambers - Family relationship”

“The Form 990 is prepared by an independent CPA firm. The Treasurer reviews the 990 in detail and then the 990 is provided to the Board prior to filing with the IRS.”

“All board members and officers have agreed to the conflict of interest policy. The COO and Treasurer review any and all potential conflicts. Should any potential conflicts of interest be noted, the board member or officer would be asked to refrain from participation in any decision with regard to matters affected by the relationship.”

“The independent members of the Executive Committee of the Board of Directors reviews the salaries of all officers of the organization. Salaries are compared with those of other comparable organizations. The compensation approval process is documented and completed annually.”

“The organization makes its governing documents available for inspection at the office address. The financial statements and conflict of interest policy are available upon request.”

“Compensation reported in Part VII, column D and Schedule J, Part II, column B is the amount reported on the individual's W-2, box 1 or 5 (whichever amount is greater) per the IRS instructions. In the case of minister's compensation when box 5 of the W-2 is not applicable, box 1 compensation is used. Employee deferrals to qualified retirement plans are normally captured in box 5, not box 1 of Form W-2. For reporting purposes we have included the minister's retirement plan deferrals in Part VII, column F and Schedule J, Part II, column C.”

“In accordance with the principles of FASB ASU 2016-14 (ASC 958), the organization has implemented required changes to its audited financial statements for the period ended 3/31/19. To date, Form 990 and its associated schedules have not been updated to reflect changes made by this standard. Thus, we have reported the revised net asset categories from the audited financial statements as follows on Form 990, Part X, Lines 27-29: Line 27 - Net assets without donor restrictions $(1,539,118) Line 29 - Net assets with donor restrictions $2,641,851 Total net assets $1,102,733”

“The organization's Board assumes responsibility for oversight of the audit of its financial statements and selection of its independent accountant. This process has not changed since the prior year.”