Camp Eagle

“Significant Changes to Articles of Incorporation 1) In Article 2, purposes are changed from organized for religious, educational and charitable purposes within the meaning of Section 501(c)(3)" to organized exclusively for Christian religious purposes within the meaning of section 501(c)(3)." Additionally, the organization added ten specific purporses and objectives to the Articles. 2) Article 4 defines that upon dissolution, assets shall be distributed to one or more 501(c)(3) Christian youth ministry organizations determined by the board of directors. Former Article 9 stated that it would go to another 501(c)(3). 3) Article 11 allows for indemnification of directors and officers - a provision not in the articles prior. 4) Article 13, which was added, requires 2/3 vote by board of directors to amend articles. Significant Changes to Bylaws: 1) Section 1.1 defines the corporation as a Christian Community and that all activities of the organization are an expression of the community's beliefs. Before it just said, " This non-profit corporation is organized exclusively for religious, charitable and educational purposes within the meaning of Section 50l(c)(3). 2) Section 1.2 defines Christian Beliefs (not included in prior bylaws) 3) Section 1.3 adds a requirement of a 90% vote of Board of Directors to amend or modify Statement of Christian Beliefs 4) Section 2.1 requires 90% approval of directors present at a meeting where there is a quorum to incur any new indebtedness. 5) Section 2.2(a) adds a requirement that directors be 18 years of age or older and affirm agreement with the Statement of Christian beliefs. 6) Section 2.4 specifies 1 annual meeting and other regular meetings by board resolution whereas prior bylaws required annual meeting and at least 3 other regular meetings. 7) Section 2.5 allows for special meetings to be called by chair or any 2 members whereas previous bylaws allowed for chair or 1/3 of members to call. 8)Section 4.3 (b) limits liability of directors based on decisions relying on information, reports, opinions, or statements prepared by officers, employees, legal counsel or other advisors of the corporation. 9)Section 4.3 (c) establishes liability for directors voting or assenting to distributions in violation of the NM Corporation Act or the articles or bylaws or for not performing duties in compliance with general standards of conduct set forth in the Act.”

“The Form 990 is prepared by an independent CPA firm. It is reviewed in detail by the Executive Director. A copy of the Form 990 was provided to the organization's Board of Directors for review prior to being filed with the Internal Revenue Service.”

“The Executive Director and Board of Directors monitor all significant activities for conflict of interest and ensure compliance with policy if situations are identified. Officers and Board members sign annual conflict of interest statements which are reviewed by the Board. Should any potential conflicts of interest be disclosed, the Board member or officer would be asked to refrain from participation in any deliberation or decision with regard to matters affected by the relationship.”

“Compensation of the Executive Director is determined by the Board of Directors based on their knowledge of comparable positions and the Camp's economic resources. Deliberation is documented in the board minutes and the Director's employee file. Other officer compensation is determined by the Executive Director based on comparable positions within and without the organization, the Camp's resources, and past performance. Documentation of deliberations, evaluations, and compensation level is maintained in the employee file.”

“All governing documents, the Camp's conflict of interest policy, and most recent audited financial statements are available to the public upon request.”

“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 09/30/2019. The 2018 Form 990 and its associated schedules were not 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 $11,274,861 Line 29 - Net assets with donor restrictions 4,866,478 ----------- Total net assets $16,141,339”

“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.”