Gospel Inc

“The board of directors, by resolution adopted by a majority of the full board of directors, may designate from among its members an executive committee and one or more other committees each of which, to the extent provided in such resolution, shall have and may exercise all the authority of the board of directors. Except that no committee shall have the authority to: (a) all vacancies on the board of directors or any committee thereof; and (b) amend the by laws.”

“The form 990 is reviewed by the finance committee. The form 990 is then made available to all board members before filing.”

“Employees, board members and other volunteers of gospel inc. (gi) are to exercise particular care to conduct their affairs as to avoid conflicts or the appearance of conflicts between their own interests (including family members and other related parties) and the interests of gi. "conflict of interest" pertains to any situation in which an individual or a related party benefits or stands to benefit at the expense or potential expense of gi, or where the situation of an individual or related party and gi present a potential conflict of interest. The policy regarding conflict of interest may also apply in circumstances when the closeness of relationship with the one who would benefit may suggest the perception of undue influence. The conflict may be any activity, financial interest or relationship with another person or organization that would (a) impair or appear to impair an individual's independent judgment in the discharge of his/her duties, (b) conflict with the best interests of gi or (c) result in a personal profit or advantage to these individuals at the expense of gi. In connection with any actual or possible conflicts of interest, the affected party must disclose the existence and nature and all material facts to gi management considering the proposed transaction or arrangement and the benefit, if any, to the affected or related party. After disclosure of all material facts, and after discussion with the affected party, the affected party shall not participate in a committee or management discussion while the determination of a conflict of interest is evaluated. The affected party's supervisor or the board of directors shall decide if a conflict exists. After determining the need for the transaction/arrangement, the board should determine if there are alternatives to the proposed transaction or arrangement. If there is a genuine need, but an alternative source is not available, the board should then determine if the transaction is in the best interest of gi, and is fair and reasonable. A decision may be made to enter into the transaction as originally presented, in conforming to the board's determination. All employees, board members and other volunteers of gi shall annually sign a statement which affirms that such person has received a copy of the conflict of interest policy, has read and understands the policy, and agrees to comply with the policy. Periodic reviews to assure no financial transactions have violated this policy will take place by a finance committee member during the monthly review of financial transactions. Any discrepancies will be addressed with the board at their next scheduled meeting, unless it is determined that more timely notification is required.”

“Market analysis: the board members conduct a market analysis to gather comparability data. This includes reviewing compensation levels for similar positions at comparable organizations. Sources for this data may include salary surveys, compensation studies, and publicly available form 990 filings from similar nonprofit organizations. Factors considered: the board members meet to consider factors such as the organization's size, geographic location, budget, and the scope of responsibilities of the executive director and key employees. Meeting to discuss data: the board members meet to review the gathered comparability data and discuss the appropriate compensation levels for the executive director and key employees. During this meeting, they: - compare the data to current compensation levels. - consider the performance and qualifications of the individuals. - evaluate the financial condition of the organization. Documenting deliberations: detailed minutes of the meeting are recorded, including: - the data reviewed. - the rationale for the compensation decisions. - any conflicts of interest disclosed and how they were managed. - the final decisions made regarding compensation. The process described here was last completed in 2024.”

“The governing documents, conflict of interest policy, and financial statements are available to the public. Anyone may call or send written notice to the office and request a copy.”