South Carolina Baptist Ministries for the Aging Inc.

“There is an Executive Committee of the Board of Trustees composed of at least eight members, including the officers of the corporation and such additional members of the Board as the Board may determine. The committee has all power to act for the full Board of Trustees during the interim periods of the meetings of the Board of Trustees, and all actions and doings of the committee shall be binding on the full Board of Trustees except it may not act inconsistent with a prior act of the Board of Trustees, remove or appoint the President or any other officer, or take any action which has been reserved for the Board.”

“The governing body of South Carolina Baptist Ministries for the Aging is vested in a Board of Trustees, elected by the South Carolina Baptist Convention in the manner and for the terms prescribed in the charter of the institution, in accordance with the action of the Convention. The South Carolina Baptist Convention is an association of cooperating churches which meets annually for two days to conduct Convention business. Each church that contributes to the Cooperative Program and adheres to the Baptist Faith and Message 2000 is allowed to send a delegation of messengers to the annual meeting. Messengers register in advance and credentials are issued (including voting ballots) to qualified messengers. The Messengers elect the trustees of SC Baptist Ministry for the Aging.”

“Form 990 is prepared by an independent CPA Firm and reviewed in detail by the organization's top management. The reviewed 990 will be provided to the governing body after filing with the IRS.”

“The Board annually signs conflict of interest statements. The Director of Administrative Services reviews the signed statements. 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 President/CEO's compensation is determined by the Executive Board annually, using comparability data. This process, review, and approval is contemporaneously substantiated. Form 990, Part VI, Section B, Line 15b: The organization does not compensate any other officers or key employees. Therefore, line 15b was answered "no" in accordance with the instructions.”

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

“Dietary contract labor: Program service expenses 1,327,847. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,327,847. Physical therapy contract labor: Program service expenses 564,562. Management and general expenses 0. Fundraising expenses 0. Total expenses 564,562. Occupational therapy contract labor: Program service expenses 396,096. Management and general expenses 0. Fundraising expenses 0. Total expenses 396,096. Administrative contract labor: Program service expenses 0. Management and general expenses 177,706. Fundraising expenses 0. Total expenses 177,706. Maintenance contract labor: Program service expenses 137,826. Management and general expenses 0. Fundraising expenses 0. Total expenses 137,826. Speech therapy contract labor: Program service expenses 196,683. Management and general expenses 0. Fundraising expenses 0. Total expenses 196,683. Nursing contract labor: Program service expenses 144,666. Management and general expenses 0. Fundraising expenses 0. Total expenses 144,666. Beauty shop contract labor: Program service expenses 45,914. Management and general expenses 0. Fundraising expenses 0. Total expenses 45,914. Nursing consulting: Program service expenses 26,612. Management and general expenses 0. Fundraising expenses 0. Total expenses 26,612. Social services consulting: Program service expenses 6,879. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,879. Pharmacy consulting: Program service expenses 10,006. Management and general expenses 0. Fundraising expenses 0. Total expenses 10,006. Dietary consulting: Program service expenses 7,575. Management and general expenses 0. Fundraising expenses 0. Total expenses 7,575. Social services contract labor: Program service expenses 234. Management and general expenses 0. Fundraising expenses 0. Total expenses 234. Housekeeping contract labor: Program service expenses 2,807. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,807. Payroll processing service: Program service expenses 0. Management and general expenses 4,657. Fundraising expenses 0. Total expenses 4,657.”

“Change in value of split-interest agreement -13,866.”

“This process has not changed since the prior year. The South Carolina Baptist Convention assumes responsibility for oversight of the selection of an independent auditor. The organization has a Budget and Finance committee that assumes responsibility for oversight of the audit of its financial statements.”