Faith and Liberty Discovery Center LLC

“American Bible Society is the filing organization's sole member.”

“The Board of Managers shall consist of three or more managers. The Board of Directors of the Member shall have the sole right to appoint individuals to the Board of Managers. At least two-thirds of the Board of Managers will be members of the ABS senior leadership team; i.e. the staff members who provide executive oversight over ABS.”

“Subject to the authority of the Member, the Board of Managers shall manage the LLC's business and affairs, and may exercise all of the rights, powers, and authorities of the Corporation under the Act, and do all such lawful acts and things that are not prohibited by statute, the articles of organization, or by the operating agreement.”

“There are currently no existing committees within the governing body of the organization.”

“The Form 990 is reviewed by the Board of Managers prior to filing.”

“Employees are regularly counseled by the Member's legal counsel staff in conflict of interest awareness and are required t file conflict of interest disclosure statements annually. Conflicts identified are investigated by the Member's internal audit and legal staff for resolution with management and the Board of Managers.”

“All compensation to Trustees/Directors reported on Part VII and Schedule J of the organization's 990 was determined and paid by a related organization, American Bible Society (The Society). The Society determines the executive compensation paid to its executives and the organization has adopted the procedures for it's executives in the following manner prescribed in the regulations. Compensation for the President & CEO is determined by the Board of Directors, as facilitated by the Chairperson of the Board. The Chairperson relies on a number of different sources to determine compensation, including, but not limited to compensation benchmark surveys and studies, compensation paid to similar officers at similar institutions (i.e. by reviewing the Form 990 of other organizations), including those in major urban centers. Recommendations were based on a comprehensive study leveraging external, independent research by GuideStar and other 3rd party consulting organizations. The Chairperson then recommends the CEO compensation to the full Board of Directors for its approval. The Board of Directors' approval is documented in meeting minutes. Compensation for other officers and key employees of the organization is determined using various sources by Human Resources such as compensation survey sand studies, including information on Form 990 of other organizations as well as independent compensation studies. Human Resources then obtains approval for the recommended compensation from officers or key employees' next higher level manager. Final compensation amounts are then communicated to the officer or key employee by Human Resources.”

“The organization makes its Form 990 available on the website www.americanbible.org. The organization's governing documents and conflict of interest statement are available upon request, to the extent required by law and at Management's discretion.”

“Other Professional Services - Total Expense: 508059, Program Service Expense: 508059, Management and General Expenses: , Fundraising Expenses: ;”

“GAIN ON FORGIVENESS OF INTERCOMPANY LOAN FROM AMERICAN BIBLE SOCIETY - 15000000; Total - 15000000;”

“The Society established the Faith and Liberty Discovery Center (FLDC), a museum for the purposes of exploring the relationship between faith and liberty in the United States of America, from its founding to today, by illuminating the influence of the Bible on individuals in key historical and personal moments. The FLDC was established as a limited liability company on June 11, 2018 under the Limited Liability Company Act of the State of Delaware. On April 1, 2024, the Society made a strategic decision to close the FLDC's public-facing operations due to its financial performance. This decision impacted the museum operations, which have been a key part of the Society's activities. The Society is continuing the mission of FLDC through its Faith and Liberty Initiative (FLI) and integrating these themes into its wider programming as a key strategy to promote confidence in the Bible. FLI projects leverage and extend the intellectual property and the scholarly and organizational relationships from the FLDC. Products in development include: 1) an online Faith and Liberty Bible app and a commemorative America 250 print edition; 2) a Faith and Liberty high school course suitable for distribution to public and faith-based schools and students; and 3) a Faith and Liberty Speakers Bureau in partnership with a broader coalition starting with the America 250 commemorations. Extensive third-party market testing in 2025 sustains the Society's confidence in this content and strategy for enhancing the mission and attracting ongoing support. The current level of resource support is commensurate with the development and marketing of emerging Faith and Liberty tools and products.”