Indian Bible College

“Any potential conflict of interest on the part of any ibc administration, faculty or staff member and/or their families shall be disclosed by such member in writing to the president at least annually and made a matter of record. Any potential conflict of interest on the part of any board member and/or their families shall be disclosed by such member in writing to the board executive committee annually and made a matter of record. The officers of the board of directors are responsible for having all board members and the president declare any potential or actual conflicts of interest whenever they arise. Within one month they will review each potential or actual conflict disclosed and decide whether any conflict requires a plan to avoid or manage conflicts of interest. This management plan will be drafted within one additional month by any one of the officers of the board since potential conflicts may arise for any of the officers. It should assess the extent of the potential or actual conflict and may include any number of actions including having the board member recuse himself in certain dealings, make appropriate financial arrangements, and avoid certain activities. This management plan must be agreed to by the disclosing board member and the officers of the board of directors. This management plan will be enforced by the officers of the board of directors together with the president to ensure that the plan is monitored for compliance and that the conflict of interest is effectively managed. Refusal to disclose potential conflicts or agree to the management plan may be grounds for dismissal from the board of directors. The president will review and determine an appropriate action plan for all other potential and actual conflicts of interests pertaining to faculty and staff.”

“Compensation process for top official for top management officials, the board reviews and makes final approval for all salary requests.”

“Organizations process to review form 990 the finance committee members are provided with a copy of the 990 to review. The bookkeeper and office administrator also review the 990 form for accuracy and address any issues or questions with the finance committee. With approval from the finance committee members, the bookkeeper and office administrator will submit the form 990 for filing.”

“Compensation process for officers the board reviews approves all compensation amounts and related agreements for all officers, the bookkeeper and office administrator.”

“Governing documents disclosure explanation governing documents, the conflict of interest policy, and financial are made available to the public upon request.”

“Every ibc staff and board member has the right and responsibility to report suspected misconduct, dishonesty, and fraud on the part of any other ibc staff or board to the president. All ibc staff and board members who exercise the right and responsibility of reporting suspected illegal activities are legally protected from punishment including firing, demotion, suspension, withholding of salary and eligible benefits, harassment, failure to consider staff members for possible promotion, or any other kind of discrimination.”

“Donated services consisted of donated instructional services of 36,000 and other donated services of 3,200.”

“There is a book to tax difference of 582 in depreciation and a difference of 9,634 for release of previously restricted net assets.”

“Book to Tax difference”