Powerpoint Ministries

“Deb Graham, Director, and Jason Graham, officer, have a family relationship.”

“The Organization's top management official and top financial official each review the Form 990 prior to its filing with the IRS. A copy of the final form 990 is also provided to the voting members of the Organization's governing body prior to its filing with the IRS.”

“The conflict of interest policy is distributed annually to each member of the governing body, the officers, and key employees. Each such individual provides an annual disclosure statement indicating that they have received, read, understood and agree to comply with the policy. The governing body regularly monitors compliance with the policy and takes action as needed.”

“The compensation committee meets annually to determine and set compensation levels. The deliberations and decisions of the committee are documented in the minutes of the committee meeting. In its deliberations and decisions, the committee utilizes appropriate information regarding compensation amounts paid for comparable positions in comparable organizations. These procedures are followed to ensure that the compensation for the Organization's key leaders are reasonable and appropriate.”

“Copies of the organization's governing documents, financial statements, and Form 990 are available upon request.”

“An audit of the Organization's financial statements is conducted annually by an independent certified public accounting firm, which has resulted in the issuance of an unqualified opinion. In addition, the Organization is a fully accredited member of the Evangelical Council for Financial Accountability (ECFA) and, as such, subscribes to ECFA's Seven Standards of Responsible Stewardship addressing: (1) operation in conformity with the Organization's evangelical Christian doctrinal statement, (2) oversight by a Board of Directors, the majority of which are independent, (3) submission of complete, accurate, audited financial statements, (4) proper management and financial controls over the use of the Organization's resources, (5) public availability of the Organization's current financial statements upon written request, (6)avoidance of conflicts of interest, and (7) responsible, truthful fund-raising practices.”

“The other compensation of $45,000 reported for Scott Seal is a ministerial housing allowance under IRC Section 107.”

“The Organization's Board of Directors, or a committee thereof, assumes reponsibility for the oversight of the audit of its financial statements and the selection of an independent accountant. This process has not changed from the prior year.”

“The prior period adjustment is to record the accrual of expenses incurred in the fiscal year ending June 30, 2013 totaling $241,331 and other small adjustments in the amount of $15,635.”