Inspiritus Inc.

“The organization holds a written agreement with lsa management, inc. For the purpose of providing certain management duties. Lsa management, inc. Provides the organization strategic financial advisement services, including annual budget development, monthly budget variance analysis, financial reporting, and strategic financial plan maintenance. Kirby nickerson, chief financial officer of inspiritus, inc., is compensated by lsa management, inc. For his work on said financial duties provided to inspiritus, inc. And other similar unrelated organizations.”

“The organization amended and restated its bylaws in october of 2023. Several issues were updated and modernized. Additionally governance and finance committees were established.”

“The organization has two members: the southeastern synod of the evangelical lutheran church in america and the florida-georgia district of the lutheran church-missouri synod.”

“Members have the right to elect directors pursuant to the articles of incorporation and the bylaws.”

“Members have the right to vote regarding (i) any changes to the articles of incorporation or the bylaws, (ii) selling or transferring substantially all the corporation's assets, and (iii) dissolution. Such votes may take place at the corporation's regular annual meeting, at a special membership meeting or via written ballot pursuant to the corporation's bylaws.”

“A copy of the form 990 was provided to all members of the board of directors for review and comment before filing.”

“The nature of inspiritus' business requires that all employees safeguard the integrity of inspiritus. Accordingly, employees should avoid situations presenting actual or potential conflicts of interest. A conflict of interest is broadly defined to include any situation in which employees are engaged in two or more incompatible activities. A conflict of interest includes involvement in outside interests that may conflict with employees' duties at inspiritus or adversely affect job performance. Conflicts of interest can result from a variety of circumstances, including the use of employees' association with inspiritus for private advantage; dealings with clients or suppliers; outside business activities and acceptance of gifts or preferntial treatment. Since the apperance of conflicts of interest can be as detrimental to inspiritus as a conflict itself, agency policy also applies to apparent conflict of interest such as the use of a relative to perform services for inspiritus without management's prior approval. When a conflict of interest exists or is suspected, employees have a responsibility to disclose information that otherwirse might be considered private or personal, such as information concerning financial transactions or a spouse or relative's employment, to ensure compliance with inspiritus' rules, guidelines, standards, and policies. Employees engaging in activities that are considered to be a conflict of interest or give the apperance of a conflict of interest may be subject to disciplinary action up to and including dismissal. Conflict of interest may be subject to disciplinary action up to and including dismissal.”

“The performance of the ceo is reviewed annually by the executive committee of the board of directors. This committee, composed of indepdent board members, arrives at an annual compensation adjustment after completion of the annual review, and following a review of an annual survery of the compensation of ceos in similar positions published by the lutheran serivces in america. The decision is documented in meeting minutes and communicated to the full board.”

“Inspiritus' audit report, annual report, and form 990 are available to the public upon written request.”

“Other professional fees: program service expenses 731,354. Management and general expenses 135,152. Fundraising expenses 34,676. Total expenses 901,182. Payroll processing fees: program service expenses 69,790. Management and general expenses 19,259. Fundraising expenses 3,337. Total expenses 92,386. Contracted services: program service expenses 4,641,629. Management and general expenses 3,431. Fundraising expenses 127,403. Total expenses 4,772,463.”

“There have been no changes in the oversight or selection process.”