Resourcing Christian Education International Nfp

“Form 990 is prepared by an independent CPA firm, reviewed in detail by the organization's top management, and then each board member is given a draft of the reviewed Form 990 prior to filing.”

“The Finance Committee reviews and oversees the conflict of interest policy process. All board members and management staff are required to disclose annually any relationships that might result in a conflict of interest. In the event that a director, a director's family member, or staff member has an actual or potential conflict of interest, that person shall promptly disclose in writing the material events or transaction concerning the potential conflict of interest to RCE's board of directors, and remove himself/herself from the decision.”

“The board of directors uses comparable data prepared by ECFA and annually reviews the performance of the Executive Director and approves merit, as well as cost-of-living adjustments, when appropriate. The Executive Director does not participate in these evaluations or discussions regarding his compensation. This decision is documented in the board minutes. Line 15b - The organization does not compensate any other officers or key employees. Therefore, this line was answered no in accordance with the instructions.”

“The governing documents, conflict of interest policy and the financial statements are available upon request.”

“Per the Bylaws, Brett Howard, the Executive Director is an ex officio, nonvoting member of the board of directors entitled to attend all meetings of the board of directors and its committees.”

“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 12/31/2018. 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 $ 450,725 Line 29 - Net assets with donor restrictions $2,319,225 Total net assets $2,769,950”

“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.”