2019-11-08T10:41:03-06:00 2018-12-31 363990892 Capin Crouse LLP 3050 Saturn Street Suite 104 Brea CA 92821 990 2018-01-01 930713827 Luis Palau Association LUIS 5036141500 PO Box 50 Portland OR 97207 Scott Kraske Chief Financial Officer 5036141500 2019-11-08 1 Ashley Peabody P01385870 7145770988 139.146.132.42 2019-11-08 11:40:55 ES P AB612868BE4BD6EC5EDB2DC7033DD9252FA50016 47A8B5D258E36FD6639F0612DC2CB1C95DD203CE 2018 2020-03-31 21:24:44Z Kevin Palau PO Box 50 Portland OR 97207 17332497 0 X www.palau.org X 1978 OR Proclaiming the Good News, Uniting the Church, and Impacting Cities Worldwide. 15 13 91 23500 0 0 12317637 13556418 115911 123045 10161 -40905 -645165 -575667 11798544 13062891 371370 430981 0 0 5594142 6294417 0 0 1376286 4303656 6238425 10269168 12963823 1529376 99068 7361253 7388658 1433626 1363209 5927627 6025449 X Proclaiming the Good News, Uniting the Church, and Impacting Cities Worldwide. 0 0 4096645 WEST MICHIGAN // SEPTEMBER 2018CityFest West Michigan united more than 30,000 people along the river in downtown Grand Rapids, for a 2-day outdoor music festival. Through the campaign more than 1,830 people made public decisions to follow Jesus Christ. We heard story after story of lives changed. A man, exhausted from a life of drug and alcohol abuse, made a decision for Jesus along with his oldest children who are 12 and 9-years-old. The next day, he was eagerly the first one at church and is currently being mentored by local believers. Two women, who invited some pastors into their home after what they heard at the Women's Luncheon, saw revival in their family and worshipped together for hours. A young man intending to get drunk heard the commotion at the park and arrived just in time to hear Andrew's testimony and made a decision for Jesus. A woman who received Jesus in prayer with the team said she felt like "a new person," finally free of suicidal thoughts and finally embracing self-forgiveness. A 9-year-old who ran up to the stage after Luis shared the Gospel at the Latin Festival was confident in his ability to choose faith assuring the team, "I know the decision I'm making. I want Jesus. And that's just a couple of the hundreds of stories of lives changed from this campaign. This is what it's all about. And it never gets old! In addition to the festival, this campaign included several initiatives in outlying communities. Outreaches included ministry at prisons, a luncheon for women, Latina events, and a gathering for business and civic leaders. And over months leading up to the festival week, we saw the Lord unite the Church through a university outreach, the RE:NEW Gathering, service projects to the community, and so much more. EUGENE, OREGON // JULY 2018The Lord worked in awesome ways in Lane County through CityFest at PK Park in Eugene, Oregon. The final event was a fun-filled day of music, action sports, activities for kids, and multiple opportunities for individuals to hear a powerful message of the hope found in Jesus Christ. With Andrew Palau as the lead evangelist, the Good News was shared with every sector of society throughout the 18 months of the campaign. We praise God for how we saw Him take the Church in the region to a deeper level of unity. The campaign led many people to Christ, challenged hundreds of believers in their walk with God, and trained hundreds of individuals in personal evangelism. "People in Eugene finally saw Eugene churches in a different light," local pastor Craig Curtis said. CityFest outreaches included a breakfast for first responders, a dinner for women, an outreach at a youth correctional facility, a skate outreach, and the festival on Saturday. Each event saw many people make a personal decision for Jesus Christ. Additionally, we saw the Lord unite the Church through a university outreach, the RE:NEW Gathering, One Hope projects, and so much more. The team continues to serve in Lane County and hopes the unity established through CityFest will continue to deepen and spread, encouraging more citywide outreach efforts and ongoing service initiatives throughout Lane County. 2932666 35445 BOGOTA COLOMBIA // AUGUST 2018More than five decades after Luis Palau's first major campaign in the heart of Colombia's capital city of Bogota, the Palau Association returned to deliver the same message of hope to a new generation. Hundreds of thousands of people flooded the parks and squares to hear about abundant life in Jesus Christ, and over 18,500 individuals publicly placed their trust in Jesus. The 3-day festival was a fitting capstone to the historic campaign that united 852 churches and reached more than 200,000 people in person through multiple events in the city. In the weeks leading up to the massive festival, the Palau team and local leaders coordinated multiple outreaches, including gatherings for women, business and civic leaders, children, and prisoners. Each festival day featured top Christian musicians, testimonies from actors and international business leaders, and a clear message of hope and faith in Jesus Christ from Andrew Palau. "It was such a privilege to be standing in the same square where my father started so many years ago, Andrew Palau said. "To be sharing the same Good News Gospel, in the same city, among the same wonderful people--it was a dream come true. I was born in Colombia, when my parents were missionaries there. I have a deep passion for the people of Colombia. I love this nation. And I pray all of Colombia would come to know Jesus as their Lord and Savior." The goal of the campaign, just like all Palau festivals, was to shake the nation with the Gospel and help launch the Church into a powerful new season of evangelism and outreach. As part of this vision, the Palau team gathered hundreds of younger evangelists from several nations throughout Latin America for a time of in-depth training, encouraging, equipping, and inspiring. The festival helped foster unity within the Church, made evident through the two pastors' gatherings held in the lead-up to the festival, which included more than 12,500 leaders from throughout Bogot and the surrounding areaMEXICO CITY, MEXICO // MARCH 2018God moved in a mighty way in Mexico City this year as Andrew Palau and the team joined with hundreds of local churches to share the Good News of Jesus through the Marcha de Gloria Festival. After more than a year of preparation, planning, and prayer, the festival culminated in the largest and most well-known plaza in the center of Mexico City . . . El Zocalo. Tens of thousands of people came to the festival and participated in the preceding parade. During the weekend, Andrew also spoke at a conference for pastors, evangelists, and church leaders, inspiring and encouraging them in their calling. In total, more than 3,000 people documented a confession of faith in Jesus Christ because of the festival in Mexico City.SAO PAULO, BRAZIL // MAY 2018For more than 26 years, God has used the evangelical church in Brazil in a powerful way through the March for Jesus Festival. Each year, hundreds of thousands of individuals gather together in the city to worship the Lord and proclaim His Good News. This year, Andrew Palau was invited to be the special guest evangelist. He addressed the massive crowd on the final night of the festival and shared the life-saving message of Jesus. Hundreds of thousands of individuals participated in the event, making it one of the largest gatherings of its kind in the region. Organized by the local evangelical community and supported by hundreds of local congregations, the event built on the foundation of 25 years of similar marches and rallies. This gathering in Sao Paulo grabbed the attention of the entire continent and brought the Gospel to millions through the live event and surrounding media. Focusing his message on John 10:10--"The thief comes only to steal and kill and destroy; I have come that they may have life, and have it to the full"--Palau ended his message with a clear call to faith and repentance. The sea of hands that raised in affirmation of his call was evidence of the impact of the Word. Andrew went on to implore those who had publicly confessed Jesus Christ to dig into Scripture, get their roots deep into a local church, and pursue God daily. Also during the Palau Association's time in Brazil, the team gathered with local pastors, church leaders, and evangelists, encouraging them in the Word, focusing on enduring unity, and inspiring them to keep evangelism a top priority.JOSE C. PAZ // NOVEMBER 2018God accomplished great things through the most recent campaign in Jose C. Paz, Argentina. We're rejoicing over God using this festival to share the Good News with more than 50,000 people in person and through media efforts. The festival proved to be a truly blessed Gospel moment for the Church and the nation of Argentina. "It was a joy to return to Dad's home country-- where his story began, where God first called him to sharing the Gospel on the streets of his hometown, Andrew Palau said. "Back then, Dad faced consistent opposition when he first started preaching, but there's been a dramatic change in receptivity in recent years. Dad says he never imagined Argentina would be so receptive. But it's true! Years of prayer are bearing fruit and we saw a great harvest in Jose C. Paz. It was a privilege to share this message of hope with a new generation . . . to tell those hurting of the true, abundant life that only Jesus can provide. Organized by the local evangelical community and supported by 140 local church congregations, the festival built on decades of committed ministry in Latin America from the Palau Association. A highlight of this festival was a beautiful service project earlier in the week in partnership with Samaritan's Feet. Focusing on the children of the community, the Palau team hosted a gathering on the Thursday before the festival where disadvantaged and underprivileged children could get their feet washed and receive a new pair of shoes. As the volunteers washed the children's feet, they shared the Gospel with them and invited them into a relationship with Jesus Christ. As a result of that outreach alone, 76 children accepted Christ. We're expectant of how God will continue to work through the unity, partnership, and excitement initiated by this campaign. Because of our work together, we were able to lift up Jesus Christ in Jose C. Paz and lay the groundwork for years to come. 1702056 2765 MEDIASince its inception, the Luis Palau Association has taken the message of the Gospel to the airwaves through evangelistic radio and television programs. Today, our impact in the world through media has expanded to include continent-wide radio and television broadcasts, best-selling books, a massive Internet presence, multiple social media channels, digital evangelism strategies, and online training courses for pastors and evangelists throughout Latin America. And that's just the beginning. In 2018, we also participated in a bold new film project. A Christian production company began production of a feature-length film on Luis Palau's life and ministry. The dramatic retelling of Luis' early life and ministry was finished in December and Palau: The Movie is scheduled to release in hundreds of theaters in North and South America in April. Luis also began work on a powerful new book in 2018, Palau: A Life On Fire, which is scheduled to release in June. Tracing his faith journey from humble beginnings on the streets of Buenos Aires, Argentina, to sharing the Good News on global stages, Luis shares a rare glimpse into the details and individuals God used to shape him in his spiritual journey.INSTITUTO BIBLICO LUIS PALAUThe Luis Palau Association has spent the past 6 years developing and launching a powerful online training curriculum designed specifically for Spanish-speaking pastors and church leaders. Working with several strategic partners, this online Bible Institute has grown to become a valuable training resource for leaders throughout the Spanish-speaking world. This Bible Institute now offers more than 112 training hours that maximize five decades of ministry experience from more than 25 top Christian leaders, all free of charge. Future goals include expanding training modules to better equip and encourage evangelists, and expanding online curriculum to include training for women in leadership.PALAU LINKCENTER2018 also saw the completion of the new Palau LinkCenter, a co-working space for like-minded nonprofits to share space and resources in spreading the Good News and having greater Kingdom impact. It all started in 2016 when the Palau team asked itself, "What would Godly stewardship of our building look like?" We knew we could do more with the space and resources God had given us. The LinkCenter is already serving 20 ministries with additional space for others. Project goals for the future include blessing smaller and newer ministries with the many resources and networks that Palau has gained over the years, and to encourage and collaborate with like-minded ministries for greater reach for the Gospel. 647074 120280 CITY GOSPEL MOVEMENTSBuilding on the success we have experienced through this initiative over the past several years, we plan to focus our attention between now and 2020 on expanding our partnerships with leaders across North America to celebrate and accelerate sustained City Gospel Movements in hundreds of cities. Goals include inspiring more city movements by sharing success stories and lessons learned, promoting the best evangelism ideas and resources for city transformation, and developing a successful City Gospel Movements Marketplace strategy to better connect marketplace leaders who can actively engage in citywide evangelistic strategies. 639128 430981 23458 NEXT GENERATION ALLIANCEThe Palau Association's Next Generation Alliance (NGA) was formed to identify, affirm, equip, and mobilize an international fellowship of evangelists. In 2018, this fellowship grew to 750 members. Under the motto "One Message, Many Expressions," NGA members use many means and methods to proclaim the Good News of Jesus Christ--including festivals, neighborhood outreaches, action sports, music, creative arts, multimedia and the Internet. As we look toward the future, NGA will continue to focus on providing practical training and resources on critical ministry concerns through the NGA website, conference workshops, five annual webinars, MIF (Mission Increase Foundation) training and resources, and four new strategic partnerships with other evangelism training groups.SUNBURY, ENGLAND // JUNE 2018While the United Kingdom seems to be at an all-time low in Christian population and regular church attendance, a number of unified, area-wide evangelistic campaigns this year gave a different picture of the state of the Church in the British Isles. One of these events, Joy@Kempton Park with Andrew Palau in Sunbury, England, engaged the entire community in the effort, regardless of religious background. The event--first dreamt up by local pastor Rowena Cross--involving nearly half a dozen ministries, more than 15 local churches, and hundreds of Christians. The festival was focused on sharing the Good News in an area where so many people had yet to learn about Jesus. The event saw more than 2,000 people converge on the Kempton Park Racecourse to enjoy the family fun, music, and a message of Good News from Andrew Palau. Along with the evangelistic outreach, a practical service project dubbed "Love Sunbury" helped take the message to the community as well. Included in the effort were neighborhood clean-up projects, home revitalization projects, and a massive "feeding of the 5,000." "Only God could have done this," Cross said. "At every opportunity God provided us with what we needed--sometimes before we even knew we needed it. We had no money, no budget, nothing. It's about going beyond what we're capable of doing as humans." This appears to be the beginning of a new season of ministry and outreach for the United Kingdom. While in England the Palau team met with dozens of leaders in a handful of cities. From Birmingham to Wolverhampton, Bristol to SW London, each group had the same desire--to see the Church come together to proclaim the Good News on a massive scale in their community4 CITIES TOUR // OCTOBER 2018The Palau team traveled throughout the U.K. in The 4 Cities Tour to unite with pastors and leaders who are passionate about pointing their communities to Jesus, and interested in beginning preparations for future evangelistic festivals. Additionally, Andrew shared the Good News with many who had never heard the Gospel. Four cities and 8 evangelistic events, helped launch an evangelistic movement in the region. The team traveled to Edinburgh, London, Bristol, and Birmingham, encouraging and uniting hundreds of faith leaders, speaking to local media and in churches, and building relationships with local business and civic leaders. Highlights of the trip included joining with more than 120 key national leaders in London as part of the U.K.-wide initiative for evangelists called Advance 2020 to hear the vision and strategy of the movement; a powerful night of worship and prayer with hundreds of people; and the beginning planning meeting between Wendy Palau and Lady Susie Sainsbury for a women's outreach in May 2019.The visit also began the discussion with leaders in the area about hosting a region-wide evangelistic festival in 2020. Additionally, Andrew joined with musicians Martin Smith and Daughters of Davis for a powerful night of worship and a message of hope. The 4 Cities Tour was a perfect opportunity for believers to invite their friends who needed to hear the Good News. "It was inspiring to see a historic Anglican building have so much vibrancy and enthusiasm," UK Director Dave Plowman said. "Around 200 people attended and many made decisions for Jesus. 1286202 430981 143738 10017569 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 0 1 0 0 1 1 1 0 0 1 0 0 1 0 1 0 0 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 1 86 0 1 91 1 0 0 0 0 0 1 1 0 0 0 1 0 0 0 X 15 13 1 0 0 0 0 0 0 1 1 0 0 1 1 0 1 1 1 1 1 0 AK AZ FL LA MD MN NH OR PA TN VA WV WI X David Jones 5036141500 PO Box 50 Portland OR 97207 X Dr Luis Palau Evangelist/Director 45.00 X X 185079 0 90027 Kevin Palau President/Director 45.00 X X 157643 0 105200 Scott Cahill Chairman/Director 1.00 X X 0 0 0 Simon Berry Secretary/Director 1.00 X X 0 0 0 Howard Dahl Director 1.00 X 0 0 0 Vicki Foster Director 1.00 X 0 0 0 Scott Hanson Director 1.00 X 0 0 0 Mita Jash Director 1.00 X 0 0 0 Ross M Lindsay III Director 1.00 X 0 0 0 Richard Luebke Director 1.00 X 0 0 0 Mark R Neaman Director 1.00 X 0 0 0 Rafael Pedace Director 1.00 X 0 0 0 David R Reisenbigler Director 1.00 X 0 0 0 John Southard Director 1.00 X 0 0 0 Gail A Stockamp Director 1.00 X 0 0 0 John Ogle Vice President 45.00 X 214819 0 47082 David Jones Vice President/Treasurer 45.00 X 81631 0 61097 Scott Kraske Chief Financial Officer 45.00 X 111025 0 34125 Keith Palau Dir. of Donor Relations 45.00 X 123816 0 37667 Justin Fordice Director of Communications 45.00 X 108775 0 33958 Andrew Palau Dir. of Festivals 45.00 X 146193 0 111925 Doug Steward Exec. Producer 45.00 X 110028 0 27988 Jorge Scopazzo Producer 45.00 X 108589 0 30415 1347598 0 579484 11 0 1 0 0 1551612 12004806 1220057 13556418 Event Fees 900099 120280 120280 Honorariums 900099 2765 2765 123045 28305 28305 1191 1191 46818 39506 7312 7312 7312 3476235 1950 3527795 19600 -51560 -17650 -69210 -69210 31800 1551612 681573 -649773 -649773 9590 1132 8458 8458 57145 50445 6700 57145 13062891 181948 0 -675475 84960 84960 346021 346021 1103159 785599 151572 165988 510530 346042 54252 110236 3566276 2689322 427108 449846 191924 125047 23104 43773 695558 513402 83467 98689 226970 153846 27236 45888 12777 12777 48766 48766 709028 537579 121817 49632 562476 562476 482485 185921 163213 133351 160940 80361 69313 11266 346277 284756 38855 22666 1442880 966633 274472 201775 16733 13554 2008 1171 235615 186576 30972 18067 127566 103328 15308 8930 Festival production 1669996 1669996 Printing 214402 173666 25728 15008 Radio and Television 208484 208484 12963823 10017569 1569968 1376286 X 2751944 2081115 5580 6772 193171 242375 5434722 3680393 1595591 1754329 1813443 2385346 936368 857791 65156 60930 7361253 7388658 497258 505418 936368 857791 1433626 1363209 X 4657253 5447320 1270374 578129 5927627 6025449 7361253 7388658 99068 -1246 0 X X 0 1 X 1 0 X 11026712 12426015 10433053 12317637 13556418 59759835 11026712 12426015 10433053 12317637 13556418 59759835 1546869 58212966 130656 30907 44351 50969 76314 333197 5107 57190 38608 48180 88945 238030 60331062 582285 0.96490 0.96950 X Schedule A, Part II, Line 10, Explanation of Other Income: Fundraising event fees - 2014 Amount: $ 5,107. 2015 Amount: $ 57,190. 2017 Amount: $ 5,000. 2018 Amount: $ 31,800. Other income - 2016 Amount: $ 38,608. 2017 Amount: $ 43,180. 2018 Amount: $ 57,145. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 378000 378000 3753844 2491211 1262633 1302878 1189182 113696 1754329 Cash surrender value of life insurance 611012 F Annuity contracts with insurance companies 246779 F 857791 Deferred compensation 857791 857791 32260501 -1246 18477777 18476531 13783970 -721079 -721079 13062891 32162679 18477777 721079 19198856 12963823 0 12963823 Part XI, Line 4b - Other Adjustments: Fundraising event expenses -681,573. Rent expenses -39,506. Part XII, Line 2d - Other Adjustments: Fundraising event expenses 681,573. Rent expenses 39,506. 1 South America 0 4 Program Service Evangelistic outreach 1219486 South America 0 0 Grants to Recipients Located in Region 4436 Central America and the Caribbean 0 0 Grants to Recipients Located in Region 6400 East Asia and the Pacific 0 0 Program Service Evangelistic outreach 9808 East Asia and the Pacific 0 0 Grants to Recipients Located in Region 5000 Sub-Saharan Africa 0 2 Program Service Evangelistic outreach 444001 Sub-Saharan Africa 0 0 Grants to recipients located in region 13568 Europe (Including Iceland & Greenland) 1 4 Program Service Evangelistic outreach 193279 Europe (Including Iceland & Greenland) 0 0 Grants to Recipients Located in Region 64955 South Asia 0 0 Grants to Recipients Located in Region 246270 Russia and Neighboring States 0 0 Grants to Recipients Located in Region 392 Middle East and North africa 0 0 Grants to Recipients Located in Region 5000 1 10 0 0 1 10 1895978 316617 2212595 South Asia Used to fund purchases of food, clothing, education, and evangelism for orphans. 241269 Wire transfer Central America & Caribbean Christian evangelism 6400 Check 2 0 0 0 0 0 0 0 Part I, Line 2: Follow-up visits and phone calls are made to monitor program progress and accomplishments. The organization has also done occasional field audits, receives regular ministry reports, and in some cases, has board representation. Part I, line 3: Foreign expenditures were accounted for based on the accrual method of accounting using expense reports, receipts, and other appropriate documentation. Palm Beach Donor Retreat 792838 792838 266678 4000 49333 Phoenix Donor Retreat 426832 426832 151233 20000 44901 2 363742 331942 31800 120270 6450 18708 1583412 1551612 31800 538181 30450 112942 681573 -649773 1 Multnomah University 8435 NE Gilsan Street Portland OR 97220 930398802 501(c)(3) 10000 Christian evangelism NYC Leadership Center PO Box 9157 Long Island City NY 11103 208991671 501(c)(3) 10000 Christian training The Lausanne Movement 10524 Moss Park Road Suite 201 358 Orlando FL 32832 330901290 501(c)(3) 10000 Christian evangelism 3 0 Part I, Line 2: Follow-up visits and phone calls are made to monitor program progress and accomplishments. The organization has also done occasional field audits, receives regular ministry reports, and in some cases, has board representation. X X X 1 1 X X X 0 0 0 0 0 0 0 1 0 Dr Luis Palau Evangelist/Director 150352 0 20000 0 14727 0 29731 0 67878 0 282688 0 0 0 Kevin Palau President/Director 133141 0 22000 0 2502 0 22721 0 84455 0 264819 0 0 0 John Ogle Vice President 193525 0 20000 0 1294 0 19553 0 29505 0 263877 0 0 0 Keith Palau Dir. of Donor Relations 119816 0 4000 0 0 0 10088 0 28400 0 162304 0 0 0 Andrew Palau Dir. of Festivals 125779 0 20000 0 414 0 23286 0 90615 0 260094 0 0 0 Part I, Line 1a First class airfare is allowed for the President, and not considered taxable compensation due to a bona fide business purpose. The board has reviewed this determination and approved. Pursuant to Internal Revenue Code Section 107, ministerial housing allowances are provided for qualifying ministerial employees. The following persons received ministerial housing allowances during 2018, none of which was included taxable compensation: -Dr. Luis Palau -Kevin Palau -David Jones -Andrew Palau LPA pays for travel for Andrew Palau's daughter when Andrew and his wife, Wendy, are both speaking at LPA events. This companion travel goes through the LPA pre-approval process and is reviewed by a board member. The benefit is included in taxable compensation. Part I, Line 7 In 2018, the LPA board approved non-fixed payments classified as bonuses for the following individuals: Dr. Luis Palau Kevin Palau John Ogle David Jones Scott Kraske Andrew Palau Family member of Dr. Luis Palau, Evangelist and Kevin Palau, President 263803 Employment 0 Keith Palau Family member of Dr. Luis Palau, Evangelist and Kevin Palau, President 162304 Employment 0 Katie Bredemeier Family member of David Jones, Vice President/Treasurer 22198 Employment 0 Matilde Palau Family member of Dr. Luis Palau, Evangelist 13871 Employment 0 Dr Luis Palau Family member of Kevin Palau, President 282689 Employment 0 Kevin Palau Family member of Dr. Luis Palau, Evangelist 264819 Employment 0 Laney Palau Family member of Kevin Palau, President 48354 Employment 0 Schedule L, Part IV: Explanation for including Dr. Luis Palau and Kevin Palau in Schedule L, Part IV and Form 990, Part VII, Section A:The instructions to Schedule L (Form 990), Part IV state that compensation reported in Form 990, Part VII, Section A does not have to be reported in Schedule L, Part IV, "...unless the compensation was to a family member of another person reported in Form 990, Part VII, Section A." X 229000 FMV X 1 10600 FMV X 25 964909 Stock Market Value X Ornaments 1 15548 FMV 0 0 1 0 Part I, Column (b): The number of contributions represent the number of contributions received, not the number of items donated. Form 990, Part VI, Section A, line 1 The organization has an Executive Committee that is comprised of the Founder, President, board Chairman, board Vice-Chairman and board Secretary. This committee shall study and recommend policies relating to all programs and services of LPA. It shall have the authority to act for the board on all matters except for dissolving the corporation, hiring or firing the Chief Executive, entering into major contracts outside the scope of the board-approved budget, making significant changes to the board-approved budget, adopting or eliminating major programs, buying or selling property, amending the bylaws, changing any policies that the board determines may be changed only by the board, so long as the Executive Committee determines that it would be imprudent to wait for the next board meeting to take such as action. With respect to any action taken on behalf of the board, (1) the Executive Committee is required to report the action to the board within 10 days, and (2) the board must approve the action at the next board meeting. Form 990, Part VI, Section A, line 2 Luis Palau has a family relationship with Kevin Palau, Keith Palau, and Andrew Palau. Form 990, Part VI, Section B, line 11b The Form 990 is prepared by an independent CPA firm. It is also reviewed by LPA management in detail and then a copy is provided to the board before it is filed with the Internal Revenue Service. Form 990, Part VI, Section B, line 12c All transactions are monitored by top management and reviewed for conflicts of interest. All contracts entered into are reviewed and approved by an officer of the organization. Should any conflicts of interest be identified, the board member or officer with the interest would be asked to refrain from participation in any deliberation or decision with regard to matters affected by the relationship. Form 990, Part VI, Section B, line 15 Salaries for officers are set by the independent compensation committee of the board of directors. On an annual basis, the compensation committee reviews comparability data, determines the salary increases for officers and communicates the decision to ministry management. The process and decisions are documented in the board minutes. Form 990, Part VI, Section C, line 19 The governing documents, conflict of interest policy, and financial statements are available upon request. Form 990, Part VII and Schedule J, Part II Compensation reported in Part VII, column D and Schedule J, Part II, column B is the amount reported on the individual's W-2, box 1 or 5 (whichever amount is greater) per the IRS instructions. In the case of minister's compensation when box 5 of the W-2 is not applicable, box 1 compensation is used. Employee deferrals to qualified retirement plans are normally captured in box 5, not box 1 of Form W-2. For reporting purposes we have included the minister's retirement plan deferrals in Part VII, column F and Schedule J, Part II, column C. Form 990, Part X, Lines 27 - 29 In accordance with the principles of FASB ASU 2016-14 (ASC 958), the organization has implemented required changes to its audited financial statements for the period ended 12/31/2018. To date, Form 990 and its associated schedules have not been updated to reflect changes made by this standard. Thus, we have reported the revised net asset categories from the audited financial statements as follows on Form 990, Part X, Lines 27-29: Line 27 - Net assets without donor restrictions $5,447,320 Line 29 - Net assets with donor restrictions 578,129 --------- Total net assets $6,025,449 Form 990, Part XII, Line 2c: The organization has a committee that assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This process has not changed since the prior year. Livin It LLC PO Box 50 Portland OR 97207 Extreme sports evangelism OR 0 0 N/A