Bill Glass Ministries

“Two of the board members are not voting members, lou korom and jim marvine.”

“Billy glass (director) is the son of bill glass, the founder of cfl and a current director.”

“Form 990 is distributed to the board of directors by email and comments or disagreements are requested.”

“Officers and directors are required to annually disclose any interests that may be a conflict or may become a conflict. This is addressed in our annual meeting of the board of directors. Any possible conflicts are then referred to the executive committe for investigation and resolution. Anyone with a possible conflict does not enter into any discussion nor vote on any issue in which there may be or may become a conflict.”

“The finance and compensation committees review compensation on an annual basis and report their recomendations to the board of directors. Any changes are voted and passed by the full board.”

“Financial statements are available for review on request and are published internally for the ministry directors and the board. A summary is available on the audit report following the audit of the financials.”

“Of the voting members, bill glass, member number 1, is not independent.”

“Bank fees: program service expenses 2,722. Management and general expenses 11,841. Fundraising expenses 32. Total expenses 14,595.”

“Telephone: program service expenses 38,966. Management and general expenses 2,859. Fundraising expenses 506. Total expenses 42,331. Ministry give aways: program service expenses 38,821. Management and general expenses 0. Fundraising expenses 0. Total expenses 38,821. Equipment rental & maintenance: program service expenses 31,269. Management and general expenses 1,844. Fundraising expenses 640. Total expenses 33,753. Supplies: program service expenses 19,244. Management and general expenses 299. Fundraising expenses 481. Total expenses 20,024. Postage & shipping: program service expenses 7,116. Management and general expenses 5,989. Fundraising expenses 1,746. Total expenses 14,851. Dues and subscriptions: program service expenses 9,485. Management and general expenses 426. Fundraising expenses 32. Total expenses 9,943. Miscellaneous: program service expenses 217. Management and general expenses 0. Fundraising expenses 0. Total expenses 217.”

“The oversight process of the audited financial statements has not changed from the prior year.”