Connie Maxwell Children'S Ministries

“The Executive Committee consists of the Chairman, Vice-Chairman, the Secretary, and the Chairman of each of the other standing committees. In addition to attending to any necessary business of the Children's Home that may present itself between the meetings of the Board, the Executive Committee may exercise the Board's authority with the exception of distributions; recommend dissolution, merger, or the sale, pledge or transfer of all of the corporation's assets; fill vacancies on the Board or committees; or adopt, amend, or repeal the articles or bylaws.”

“Connie Maxwell Children's Home (Home) is a ministry partner of the South Carolina Baptist Convention (Convention). The Convention elects the Home's trustees.”

“The Convention must approve all changes or amendments to the Home's charter.”

“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 forwarded to the independent board of trustees for review prior to filing with the IRS.”

“The organization monitors conflicts of interest annually by vetting vendors prior to contracting with them. The organization ensures compliance with the policy by avoiding any and all conflict of interest problems. Officers and directors sign a conflict of interest form each year. Top level management and the Finance Committee of the Board of Trustees review the signed documents. If a conflict were to arise, the organization discontinues the vendor's services to avoid the conflict of interest.”

“The executive board of the trustees (chairman, vice chairman, secretary and each of the four committee chairs) is tasked with supervising, evaluating, and determining compensation for the President. This process occurs annually prior to the November trustee meeting. The committee members review compensation for Presidents of similar programs in South Carolina and in nearby states. They also take into account the percentage increase of cost of living adjustments and merit raises given to other Connie Maxwell staff members for that year. They review with the President his activities for the past year and discuss plans and goals for the coming year. If financial conditions allow, a decision is made concerning any changes in compensation at that time. The executive committee reports its findings to the full board at the trustee meeting the next day and then gives a signed directive to the VP for Business as to any changes to be made in the President's compensation. All members involved in the compensation process are independent. The compensation approval is documented in the board minutes. The President approves the compensation of other officers using a similar process as described above. The Board of Trustees sets a range of salaries for the other officers using comparability data. All members involved in the compensation process are independent. This process is documented in the minutes upon approval.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Randy Harling, President, was replaced by James Wright, President, after the end of this tax period, 09/30/2016. Accordingly James Wright is not reported on Form 990, Part VII, during this tax period.”

“Change in value of trusts 9,742. Actuarial gain on annuities 15,029. Increase in cash surrender value of life insurance 2,553. Change in value of beneficial interests in funds held by others 255,296.”

“This process has not changed since the prior year. The organization's board of trustees assume responsibiltiy for oversight of the audit of its financial statements. The organization's independent accountant is selected by the South Carolina Baptist Convention, a related party.”