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 SCBMA 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 SCBMA.”

“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 provided to the board of directors prior to filing with the IRS.”

“The Board members, officers, and key employees annually sign 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.”

“Question 15a - The President/CEO's compensation is determined by the independent Executive Board annually, using comparability data. This process, review, and approval is contemporaneously substantiated. Question 15b - Key Employee compensation is determined by the President/CEO/Treasurer annually, using comparability data. This process, review, and approval is contemporaneously substantiated.”

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

“Medical Services: Program service expenses 1,861,377. Management and general expenses 1,222. Fundraising expenses 11,877. Total expenses 1,874,476. Cleaning Services: Program service expenses 51,584. Management and general expenses 34. Fundraising expenses 329. Total expenses 51,947. Food Services: Program service expenses 175,639. Management and general expenses 115. Fundraising expenses 1,121. Total expenses 176,875. Other Contract Labor: Program service expenses 1,163,481. Management and general expenses 764. Fundraising expenses 7,424. Total expenses 1,171,669.”

“Change in Value of Beneficial Interest in Trusts -688,451.”