Walking the Text

“Line 1a: There are 6 members of the governing body although the three directors Brad Gray (Executive Director/President), Marcus Naugler (Creative Director), and Brad Nelson (Content Director) do not have voting rights. President Brad Gray will cast a vote in the case of a tie. We also added another Board Member (this will be 7) at the end of 2023 but she did not start officially until Jan 2024.”

“Line 2: The Executive Director/Officer Brad Gray and Board Member Director Gary Gray are related in that Brad is Gary's son.”

“Line 4: The governing bylaws were updated to reflect new members of the body in addition to clarify better our governing structure.”

“Line 9: Gary Gray 2701 Pfister Hwy Adrian MI 49221, Richard Lyons 6712 Bryant Ave Holland MI 49423, Nathan Young PO Box 550 Douglas MI 49406, Marcus Naugler 846 Rands Way Columbia TN 38401, Bradley Nelson 1300 Legend Dr Greensboro GA 30642”

“Line 11ab: Form 990 was completed initially by Finance Manager Shallon Gray and then reviewed by Capin Crouse during audit compilation.”

“Line 12 a-c: Written Conflict of Interest Policy is adhered to according to Section 25 of the WTT Employee Handbook and also the Board Conflict of Interest Policy. Any person with a complaint should address the Board Chair Nathan Young. In the case of a Board Member complaint, that member will leave a meeting after presenting the conflict in order for the board to vote.”

“Line 15 ab: The Board uses comparability data, COLA statistics, etc. to determine salaries for Director level employees. Executive Director Brad Gray does not have voting rights in this determination. All information used to determine salaries is recorded in minutes.”

“Line 19: All documents and policies are available to all board members, directors, officers, and the public upon request. Any changes or updates to policies are approved by the Board and then final updated policies are distributed to each member. Some information is available online on our website www.walkingthetext.com but additional information is available upon request. Public information can be accessed by searching Federal and State non-profit charitable organization search websites.”

“Line 1b: Column F line 1b/d reflects the amount given to Directors for HRA reimbursement benefits.”

“Line 1: Evolve Studios is the production company we are working with to develop the television docuseries The Sacred Thread. We will continue to work with them in order to produce the remainder of Season 1 in 2024/25. We have plans to produce up to 7 seasons and a film version and thus will require significant funds payable to them to produce the show. Funds paid to them are capitalized as intangilbe assets.”

“Line 1f: Of these total contributions, $348,317 was specifically earmarked for the upcoming video series we are producing beginning 2021. These funds will cover the program, management, and production costs for a portion of Season 1 of The Sacred Thread. This year $207,990 of those funds were capitalized at intangible assets.In addition, $50,337 of total contributions were specifically earmarked (and released) for scholarships for study trips.”

“An adjustment to the books of $7251 was made in order to correct understated book balance and match the bank balance.”

“Line 2: $69,651 was given to a total of 13 individuals for assistance on study trips to Israel. We received $50,337 of funding specifically designated for scholarships this year.”

“Line 9: $11800 paid towards HRA for employee Brad Gray, $9684 paid towards HRA for employee Marcus Naugler and $11800 paid towards HRA for employee Brad Nelson for a total of HRA Benefits of $33,284. Naugler had the option but did not use his full HRA benefit of $11,800 in 2023.”

“Line 11b: $12431 for general legal services and cost of updating current and creating new policies.”

“Line 11g: $5542 website development expenses, $31,750 paid to contractors for help with events, writing, content development, etc.”

“Line 13: $2981 office supplies and shipping”

“Line 17: $9761 travel, $525 reimbursable travel expenses, $1304 meals/entertainment for a total of $11590”

“Line 24e: $1986 for costs related to production, development, management, and legal fees for new filming project; $1209 for studio and set design, $2349 for miscellaneous equipment expense, misc. gifts given $797, utilities $2136 for a total of $8477”

“Line 14: Reclassified $207,990 to Evolve Studios as intangible assets for payments for television series project The Sacred Thread”

“Line 8: Capin Crouse adjustment $4716 to make exact match of net assets”

“Line 1: In house finances are done on cash basis however the audit was done using accrual.”

“Line 2bc: This year we conducted an audit with Capin Crouse. Our Finance Manager Shallon Gray, along with the Board, oversaw the audit. This is the second year we have conducted an audit compilation. The final audit is provided with form 990.”