Km Foundation

“A majority of trustees are appointed by the supported organization (national christian charitable foundation, inc. Or "nccf"). Certain nccf trustees are not considered independent since they receive compensation from nccf for services provided to nccf.”

“A majority of the trustees of the trust's board (the "nccf trustees") shall be designated by national christian charitable foundation, inc. The nccf trustees shall each be a person who is not a "disqualified person" as that term is described in section 4946 of the internal revenue code. A minority of trustees shall be designated by the donor group, in accordance with the organization's trust agreement.”

“The organization's tax return is compiled and reconciled with financial records from the consolidated audit of national christian charitable foundation, inc., which were subject to limited audit procedures. Once form 990 is prepared, the return is reviewed by nccf. The form 990 is then sent to all trustees prior to filing with the irs.”

“The organization requires officers, trustees, and key employees to complete an annual conflict of interest statement acknowledging receipt and review of the policy and adequately disclosing the nature of any potential conflicts. If a conflict of interest is present, after the interested party provides all pertinent details regarding the potential conflict, the subject trustee is recused from any further discussion, deliberation or voting on the matter. The governing body or a relevant committee will then review the potential conflict and determine an appropriate course of action in accordance with the coi policy.”

“There are no officers, trustees, or key employees compensated by the filing organization at this time.”

“The trust makes its form 990 available upon request.”

“The trust does not make its governing documents, policies, or financial statements available to the public.”

“Ubi passthrough income -5,304. Partnership distributions 3,800.”