Appalachian Bible College Inc

“The Executive Committee of the Board of Directors shall consist of the Chairman, Vice-Chairman, Secretary, and the Chairman of the Properties Committee, the Personnel and Academic Committee, the Student Services Committee, the Finance Committee, the Audit Committee and any other standing committees the Board may choose to create. The Executive Committee acts in lieu of the Board of Directors, is vested with full Board authority, and is responsible to the Board for confirmation of decisions made between plenary sessions of the Board. Five members of the Executive Committee shall constitute a quorum.”

“Dr. Daniel Anderson, President and Michael Rowe, CFO/Treasurer, Acting VP for Business have a family relationship.”

“Appalachian Bible College is the operational agency of Appalachian Bible Fellowship and shares the same board members with the Fellowship.”

“Appalachian Bible Fellowship (ABF) and Appalachian Bible College (ABC) are affiliated through a common board of directors. The board of directors is responsible for determining institutional policies and objectives, appointment and retention of faculty and administrative officers and personnel, oversight and approval of curriculum and for determining the budget along with other matters of ABC, an operational agency of ABF.”

“Form 990 is prepared by an independent CPA firm and reviewed in detail by appropriate officers and management and is sent to the Board Finance & Audit Committees for their review before it is filed. A copy is also sent to all voting Board Members before it is filed with the IRS.”

“Board members, administrative officers and management personnel are required to complete a disclosure and compliance statement annually. Compliance is monitored and ultimately determined by the President and Board of Directors. 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 Personnel Academic Committee of the board reviews and determines the President's compensation. Comparability data is used and this process is documented in the minutes. 15b - The Personnel Academic Committee of the board reviews the compensation of other officers to ensure it is appropriate and comparable to their positions. All recommendations are voted on by the entire board and documented in the minutes.”

“The governing documents, conflict of interest policy and financial statements 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.”

“Change in cash surrender value of life insurance 5,657. Change in value of annuities 2,235.”