Gap Ministries

“Form 990 is prepared by an independent cpa. The president, executive director and cfo review the return. Upon their approval, a copy is provided to the entire board before filing.”

“Compensation for the president and executive director is approved by the board of directors after reviewing compensation for comparable nonprofits based on size and market. This is approved annually as a part of the budget process. Compensation for staff is approved by the president or executive director as part of the annual budget process. Once approved, human resources reviews the compensation and finalizes it.”

“Gap has available upon request all documents at its administrative office.”

“Conflicts of interest, if any, are reviewed and discussed with the board for appropriate consideration if and as necessary.”

“Greg and pam ayers are married. Jim and julie pielemeier are married. Jason ayers is the son of greg and pam ayers.”

“During 2021, gap ministries board form a common controlled 501c3 gap community services gcs. In conjunction with this matter, the board through a resolution approved donating existing non-financial assets and related liabilities, specifically program equipment net of accumulated depreciation net book value in the amount of 177,792 to gcs on july 1, 2024.”

“The accompanying 990 tax return has been prepared from the separate records maintained by gap ministries, a related party organization of miracle center mc and gap community services gcs through a common board of directors. In the normal course of program services, gap ministries incurs significant general and administrative expenses, including officer and key employee salaries, advertising, accounting, other services, and other fundraising costs that benefit mc and gcs. Pursuant to an informal arrangement, gap ministries has historically paid for and absorbed all of these administrative costs on behalf of mc and gcs and has not charged mc and gcs for these expenses. Therefore, no related revenues from mc and gcs are recorded in gap ministries statement of revenues. Management believes that the omission of these allocated expenses does not impact the fairness of the 990 tax return for their intended purpose. However, the 990 tax return is not necessarily indicative of the conditions that would have existed, or the results of program services that would have occurred, if gap ministries had operated as an unaffiliated entity on a stand-alone basis.”