Middle Tennessee Christian School

“Line 2 explanation - TRUSTEES JOE MAYES AND BILL PEARCY ARE FATHER-IN-LAW AND SON-IN-LAW.”

“Line 9 explanation - MINUTES OF COMMITTEE MEETINGS ARE NOT KEPT SEPARATELY BY THE BOARD OF TRUSTEES. THE RECOMMENDATIONS FROM THE VARIOUS COMMITTEES ARE REFLECTED IN THE MINUTES KEPT FOR THE FULL BOARD MEETINGS WHEN THE RECOMMENDATIONS ARE BROUGHT BEFORE THE FULL BOARD. WITH THE EXCEPTION OF THE ENDOWMENT COMMITTEE, NO INDIVIDUAL COMMITTEE HAS THE AUTHORITY TO ACT WITHOUT APPROVAL FROM THE FULL BOARD OF TRUSTEES. THE ENDOWMENT COMMITTEE MEETS WITH THE INVESTMENT ADVISORS PERIODICALLY, BUT THEY DO REPORT ALL MATTERS DISCUSSED WITH THE ADVISORS TO THE FULL BOARD. MINUTES OF EACH OF THE FULL BOARD OF TRUSTEES MEETING ARE WRITTEN AND MAINTAINED AT THE ORGANIZATION'S MAIN CAMPUS.”

“Line 11a explanation - A DRAFT OF FORM 990 WAS PROVIDED TO THE BOARD OF TRUSTEES DURING ONE OF THEIR REGULARLY SCHEDULED MEETINGS. THEY ALL REVIEWED IT AND WHEN ALL QUESTIONS WERE RESOLVED, THEY APPROVED THE RETURN. THEIR APPROVAL WAS DOCUMENTED IN THE MINUTES FOR THAT MEETING.”

“The organization requires officers, directors, trustees, and key employees to annually disclose any possible conflicts of interest. Financial transactions are monitored by management for compliance continually throughout the year.”

“The organization makes its governing documents, conflict of interest policy, tax returns and audit reports available to the public upon request. Their form 990 is also available on public web sites such as www.guidestar.com.”

“Food: Program service expenses 183,167. Management and general expenses 0. Fundraising expenses 0. Total expenses 183,167. Interest: Program service expenses 137,533. Management and general expenses 15,528. Fundraising expenses 0. Total expenses 153,061. Maintenance of Equipment: Program service expenses 78,555. Management and general expenses 34,913. Fundraising expenses 11,222. Total expenses 124,690. School Development: Program service expenses 0. Management and general expenses 0. Fundraising expenses 120,777. Total expenses 120,777. Small Equipment: Program service expenses 95,784. Management and general expenses 14,161. Fundraising expenses 0. Total expenses 109,945. Insurance: Program service expenses 17,551. Management and general expenses 65,983. Fundraising expenses 1,063. Total expenses 84,597. Bank Fees: Program service expenses 0. Management and general expenses 76,730. Fundraising expenses 0. Total expenses 76,730. Other Misc Expenses: Program service expenses 0. Management and general expenses 35,256. Fundraising expenses 0. Total expenses 35,256. Banquets: Program service expenses 0. Management and general expenses 19,947. Fundraising expenses 0. Total expenses 19,947. Telephone: Program service expenses 8,754. Management and general expenses 2,918. Fundraising expenses 2,918. Total expenses 14,590. Postage: Program service expenses 3,614. Management and general expenses 9,715. Fundraising expenses 931. Total expenses 14,260. Conferences: Program service expenses 12,058. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,058. Travel: Program service expenses 2,821. Management and general expenses 5,514. Fundraising expenses 0. Total expenses 8,335.”