2015-08-07T10:45:36-05:00 2014-12-31 990 2014-01-01 410692230 BGEA MN BGEA 7044012432 1 BILLY GRAHAM PARKWAY CHARLOTTE NC 28201 STEVE DOBBINS CFO 7044012432 2015-08-07 2015-08-07 2014 2016-04-25 22:37:26Z FRANKLIN GRAHAM 1 BILLY GRAHAM PARKWAY CHARLOTTE NC 28201 88764581 false X WWW.BILLYGRAHAM.ORG X 1950 MN FORM 990 - ORGANIZATION'S MISSION OR MOST SIGNIFICANT ACTIVITIES PART I, LINE 1, AND PART III, LINE 1 BGEA, MN IS A NON-PROFIT SUBSIDIARY OF THE BILLY GRAHAM EVANGELISTIC ASSOCIATION AND EXISTS TO SUPPORT ITS MISSION. THE BILLY GRAHAM EVANGELISTIC ASSOCIATION EXISTS TO SUPPORT AND EXTEND THE EVANGELISTIC CALLING AND MINISTRIES OF BILLY GRAHAM AND FRANKLIN GRAHAM BY PROCLAIMING THE GOSPEL OF THE LORD JESUS CHRIST TO ALL WE CAN BY EVERY EFFECTIVE MEANS AVAILABLE TO US AND BY EQUIPPING OTHERS TO DO THE SAME. BGEA PROCLAIMS THE GOSPEL MESSAGE: "GOD SO LOVED THE WORLD THAT HE GAVE HIS ONE AND ONLY SON, THAT WHOEVER BELIEVES IN HIM SHALL NOT PERISH BUT HAVE ETERNAL LIFE." (JOHN 3:16) IN MARK 16:15, JESUS SAID "GO INTO ALL THE WORLD AND PREACH THE GOOD NEWS TO ALL CREATION." WE PROCLAIM THE GOSPEL OF JESUS CHRIST GLOBALLY THROUGH A VARIETY OF COMMUNICATION TOOLS AND OUTREACH EVENTS, INCLUDING FESTIVALS AND CELEBRATIONS, TV AND RADIO PROGRAMS, PRINT PUBLICATIONS, THE INTERNET, AND NEW CREATIVE X 14 10 0 10 0 88969535 1306818 7489139 0 3189693 2628808 6859953 0 106508320 3935626 926425 281393 0 38444700 0 0 0 59442979 149200 98814104 430593 7694216 3505033 205418553 87708956 77216369 69740236 128202184 17968720 X FORM 990 - ORGANIZATION'S MISSION OR MOST SIGNIFICANT ACTIVITIES PART I, LINE 1, AND PART III, LINE 1 BGEA, MN IS A NON-PROFIT SUBSIDIARY OF THE BILLY GRAHAM EVANGELISTIC ASSOCIATION AND EXISTS TO SUPPORT ITS MISSION. THE BILLY GRAHAM EVANGELISTIC ASSOCIATION EXISTS TO SUPPORT AND EXTEND THE EVANGELISTIC CALLING AND MINISTRIES OF BILLY GRAHAM AND FRANKLIN GRAHAM BY PROCLAIMING THE GOSPEL OF THE LORD JESUS CHRIST TO ALL WE CAN BY EVERY EFFECTIVE MEANS AVAILABLE TO US AND BY EQUIPPING OTHERS TO DO THE SAME. BGEA PROCLAIMS THE GOSPEL MESSAGE: "GOD SO LOVED THE WORLD THAT HE GAVE HIS ONE AND ONLY SON, THAT WHOEVER BELIEVES IN HIM SHALL NOT PERISH BUT HAVE ETERNAL LIFE." (JOHN 3:16) IN MARK 16:15, JESUS SAID "GO INTO ALL THE WORLD AND PREACH THE GOOD NEWS TO ALL CREATION." WE PROCLAIM THE GOSPEL OF JESUS CHRIST GLOBALLY THROUGH A VARIETY OF COMMUNICATION TOOLS AND OUTREACH EVENTS, INCLUDING FESTIVALS AND CELEBRATIONS, TV AND RADIO PROGRAMS, PRINT PUBLICATIONS, THE INTERNET, AND NEW CREATIVE false true 281393 281393 THE PURPOSE OF BGEA, MN IS TO PROVIDE AN ONGOING SOURCE OF FUNDING TO SUPPORT THE MISSION OF THE BILLY GRAHAM EVANGELISTIC ASSOCIATION THROUGH DEFERRED GIVING INSTRUMENTS. 281393 true false false false false false false false false false false false false true true true false true false false false false false false false false false true false true false false false false false false false false true false false true false true false false false true 0 0 0 false false false false false false false false false false X 14 10 true false false false false false false true true false false true true true true true true true true false AK CO HI IL MD MN ND TN UT VA WV WI X STEVE DOBBINS 7044012253 1 BILLY GRAHAM PARKWAY 1 BILLY GRAHAM PARKWAY CHARLOTTE NC 28201 X WM FRANKLIN GRAHAM III DIR/PRES./PR 0.25 41.00 X X 0 205999 52678 BILLY GRAHAM DIR./CHAIR. 0.25 40.50 X X 0 158976 83958 DAVID P BRUCE DIR./ASST. B 0.25 40.75 X 0 135164 83381 WM FRANKLIN GRAHAM IV DIR/1STVICEC 0.25 40.50 X X 0 98698 78870 JOSEPH M STOWELL III DIR./PROF. S 0.25 1.75 X 0 6000 0 MELVIN F GRAHAM DIR./CHAIR E 0.25 3.00 X X 0 0 0 WILLIAM B PAULS DIR./TREASUR 0.25 2.75 X X 0 0 0 GEORGE E BATTLE JR DIRECTOR 0.25 1.50 X 0 0 0 J FRANK HARRISON III DIRECTOR 0.25 1.50 X 0 0 0 GREG LAURIE DIRECTOR 0.25 1.50 X 0 0 0 ANNE GRAHAM LOTZ DIRECTOR 0.25 1.50 X 0 0 0 DENTON LOTZ DIRECTOR PAR 0.25 1.50 X 0 0 0 HON STEPHEN E MERRILL DIRECTOR 0.25 1.50 X 0 0 0 CHARLES O MORGAN JR DIRECTOR 0.25 1.75 X 0 0 0 PAUL T SABER DIRECTOR 0.25 1.75 X 0 0 0 STEVE DOBBINS CFO 0.25 40.75 X 0 173632 40755 DANIEL C ALLEN SECRETARY/VP 0.25 40.75 X 0 172015 42197 CLIFFORD B BARROWS VICE CHAIRMA 0.25 40.50 X 0 105156 94181 GRAEME M KEITH ASST. TREASU 0.25 1.00 X 0 0 0 JOEL B AARSVOLD VP CORP PTYR 40.00 X 0 337159 4081 1392799 480101 true true false LOOMIS SAYLES & CO LP ONE FINANCIAL CENTER BOSTON MA 02111 INVESTMENT MGR 102508 1 221599 1085219 583002 1306818 1623253 1623253 85834510 84828955 1005555 1005555 1005555 3935626 2628808 281393 281393 149200 149200 430593 281393 149200 0 155038 33312231 466902 1023264 894694 791254 63369839 644870 500000 63642 104696819 87208956 205418553 87708956 5608046 963404 70644919 69740236 77216369 69740236 X 107034687 13518398 16876700 4248427 4290797 201895 128202184 17968720 205418553 87708956 3505033 -845770 -112892727 X false true X true false X 78340079 79514697 85404093 88969535 1306818 333535222 78340079 79514697 85404093 88969535 1306818 333535222 333535222 4133682 4336251 4917827 7181371 1623253 22192384 91235 132524 66096 67424 357279 356084885 33671088 0.93670 0.94210 X PART II, LINE 10 MISCELLANEOUS INCOME 357,279 DEFERRED GIVING PROGRAM 87208956 FUTURE MINISTRIES FUND BENEFICIAL INTEREST REMAINDER TRUST GAS AND OIL LEASES 87208956 GIFT ANNUITY PAYABLE 42299509 REVOCABLE TRUST AGREEMENTS 16705543 DEFERRED GIVING FUNDS DUE TO OTHERS 10735184 69740236 X SCHEDULE D, PAGE 3, PART X AS REQUIRED BY U.S. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES PERTAINING TO UNCERTAIN TAX POSITIONS, BGEA, MN RECORDS A LIABILITY FOR ANY TAX POSITIONS TAKEN THAT IS BENEFICIAL TO BGEA, MN, INCLUDING ANY RELATED INTEREST AND PENALITES, WHEN IT IS MORE LIKELY THAN NOT THE POSITION TAKEN BY MANAGEMENT WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. MANAGEMENT BELIEVES THERE ARE NO SUCH POSITIONS AS OF DECEMBER 31, 2014 AND 2013, AND ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. BGEA, MN IS GENERALLY NO LONGER SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR YEARS BEFORE 2011. true BILLY GRAHAM EVANGELISTIC ASSOC 1 BILLY GRAHAM PARKWAY CHARLOTTE NC 28201 452588350 501C3 281393 EVANGELISTIC MINISTR 1 SCHEDULE I, PAGE 1, PART I, LINE 2 THE METHOD USED FOR MONITORING GRANT ACTIVITIES IN THE UNITED STATES VARIES BASED ON SEVERAL FACTORS INCLUDING THE SIZE OF THE GRANT, WHETHER THE GRANT WAS A GENERAL OPERATING GRANT OR FOR A SPECIFIC PROJECT, AND THE ORGANIZATION RECEIVING THE FUNDING. SPECIFIC STEPS COULD INCLUDE: REVIEW OF FINANCIAL INFORMATION, REVIEW OF PROGRAM RESULTS AND ACTIVITIES, DISCUSSIONS WITH KEY MINISTRY PERSONNEL, AND SITE VISITS OR REVIEW OF SAMPLE PROJECT MATERIALS (I.E. BIBLES OR OTHER EVANGELISTIC MATERIALS PRODUCED). true false false false false false false false false WM FRANKLIN GRAHAM III DIR/PRES./PRES./CEO 105999 100000 44835 7843 258677 BILLY GRAHAM DIR./CHAIR. EMERITUS 82190 76786 13305 70653 242934 DAVID P BRUCE DIR./ASST. B. GRAHAM 134890 274 34450 48931 218545 WM FRANKLIN GRAHAM IV DIR/1STVICECHAIR/VP 98698 18745 60125 177568 STEVE DOBBINS CFO 173632 10954 29801 214387 DANIEL C ALLEN SECRETARY/VP CORP. 171741 274 10847 31350 214212 CLIFFORD B BARROWS VICE CHAIRMAN/MUSIC 94379 10777 23251 70930 199337 JOEL B AARSVOLD VP CORP PTYR 39484 297675 2396 1685 341240 SCHEDULE J, PAGE 1, PART I, LINE 3 FOR THE COMPENSATION PAID BY THE RELATED ORGANIZATION, BILLY GRAHAM EVANGELISTIC ASSOCIATION, THE BOARD OF THE ASSOCIATION HAS APPOINTED A COMPENSATION COMMITTEE WHO REVIEWS THE COMPENSATION OF ITS OFFICERS AND KEY EMPLOYEES,AND BASES THE COMPENSATION ON COMPARABILITY DATA AS DESCRIBED IN THE FORM 990 FOR BILLY GRAHAM EVANGELISTIC ASSOCIATION. SCHEDULE J, PAGE 1, PART I, LINE 4 JOEL B. AARSVOLD 297,675 0 0 SCHEDULE J, PART III PART II THE COMPENSATION REPORTED IN PART II OF SCHEDULE J IS THE TOTAL COMPENSATION FOR EACH EMPLOYEE PAID BY THE BILLY GRAHAM EVANGELISTIC ASSOCIATION. THIS COMPENSATION IS BEING REPORTED HERE BY BGEA, MN, AS REQUIRED, BUT IT IS NOT DUPLICATED BY BGEA, MN, WHICH HAS NO EMPLOYEES AND NO PAYROLL. PART II, COLUMN B(III) THE OTHER REPORTABLE COMPENSATION FOR WM. FRANKLIN GRAHAM, III INCLUDES A 100,000 SPECIAL CATCH UP RETIREMENT PAYMENT. THE OTHER REPORTABLE COMPENSATION FOR BILLY GRAHAM INCLUDES SUPPORT COSTS OF 73,209 PAID BY THE BILLY GRAHAM EVANGELISTIC ASSOCIATION, A RELATED ORGANIZATION, FOR DR. BILLY GRAHAM THAT ARE REQUIRED FOR HIM TO CONTINUE TO SERVE AND PERFORM HIS DUTIES AND RESPONSIBILITES FOR THE BILLY GRAHAM EVANGELISTIC ASSOCIATION. X 15 583002 FAIR MARKET VALUE false true true SCHEDULE M, PAGE 1, PART I, LINE 32B REALTORS ARE USED TO SELL REAL ESTATE AND SECURITY BROKERS ARE USED TO PROCESS AND SELL SECURITIES. NET ASSETS 2014-01-01 111844850 BOOK VALUE 452588350 BILLY GRAHAM EVANGELISTIC ASSOC 1 BILLY GRAHAM PKWY CHARLOTTE NC 28201 501(C)3 true true false false SCHEDULE N TRANSFERS OF NET ASSETS PURSUANT TO A REORGANIZATION IN WHICH THE ORGANIZATION IS A SUCCESSOR ENTITY. EFFECTIVE JANUARY 1, 2014, THE ORGANIZATION TRANSFERRED THE SUBSTANCE OF ITS MINISTRY OPERATIONS AND MOST OF ITS ASSETS, WITH CERTAIN EXCEPTIONS RELATING TO PLANNED GIVING ARRANGEMENTS SUCH AS CHARITABLE GIFT ANNUITIES AND DONOR-ESTABLISHED TRUSTS, TO BILLY GRAHAM EVANGELISTIC ASSOCIATION, A NORTH CAROLINA NONPROFIT CORPORATION (FED TAX ID 45-2588350). ALSO, THE ORGANIZATION'S NAME WAS CHANGED TO BGEA, MN AND IT NOW EXISTS AS A NON- PROFIT SUBSIDIARY OF THE BILLY GRAHAM EVANGELISTIC ASSOCIATION. FORM 990 - ORGANIZATION'S MISSION FORM 990 - ORGANIZATION'S MISSION OR MOST SIGNIFICANT ACTIVITIES PART I, LINE 1, AND PART III, LINE 1 BGEA, MN IS A NON-PROFIT SUBSIDIARY OF THE BILLY GRAHAM EVANGELISTIC ASSOCIATION AND EXISTS TO SUPPORT ITS MISSION. THE BILLY GRAHAM EVANGELISTIC ASSOCIATION EXISTS TO SUPPORT AND EXTEND THE EVANGELISTIC CALLING AND MINISTRIES OF BILLY GRAHAM AND FRANKLIN GRAHAM BY PROCLAIMING THE GOSPEL OF THE LORD JESUS CHRIST TO ALL WE CAN BY EVERY EFFECTIVE MEANS AVAILABLE TO US AND BY EQUIPPING OTHERS TO DO THE SAME. BGEA PROCLAIMS THE GOSPEL MESSAGE: "GOD SO LOVED THE WORLD THAT HE GAVE HIS ONE AND ONLY SON, THAT WHOEVER BELIEVES IN HIM SHALL NOT PERISH BUT HAVE ETERNAL LIFE." (JOHN 3:16) IN MARK 16:15, JESUS SAID "GO INTO ALL THE WORLD AND PREACH THE GOOD NEWS TO ALL CREATION." WE PROCLAIM THE GOSPEL OF JESUS CHRIST GLOBALLY THROUGH A VARIETY OF COMMUNICATION TOOLS AND OUTREACH EVENTS, INCLUDING FESTIVALS AND CELEBRATIONS, TV AND RADIO PROGRAMS, PRINT PUBLICATIONS, THE INTERNET, AND NEW CREATIVE MEDIA. SINCE 1950, BGEA HAS TAKEN THE GOSPEL OF JESUS CHRIST TO THE ENDS OF THE EARTH. WE BELIEVE THAT THE PROBLEMS FACING OUR WORLD TODAY - ECONOMICALLY, POLITICALLY, AND RACIALLY - ARE THE DIRECT RESULT OF HUMAN SIN. THE BIBLE, WHICH WE BELIEVE IS THE ONLY INSPIRED WORD OF GOD, STATES THAT "ALL HAVE SINNED AND FALL SHORT OF THE GLORY OF GOD." (ROMANS 3:23) SIN SEPARATES US FROM GOD: "THE WAGES OF SIN IS DEATH" (ROMANS 6:23), AND AS A RESULT, THE WHOLE EARTH AND EVERYTHING IN IT ARE UNDER GOD'S CURSE. THERE IS GOOD NEWS, AND WE PROCLAIM IT TO ANYONE AND EVERYONE WHO WILL HEAR. GOD SENT HIS SON, JESUS CHRIST, FROM HEAVEN TO EARTH TO TAKE OUR SINS UPON HIMSELF. HE PAID THE PENALTY FOR OUR SINS BY DYING IN OUR PLACE ON THE CROSS, AND THEN HE ROSE AGAIN TO LIFE. JESUS OPENED THE WAY FOR US TO KNOW GOD. WE BELIEVE THAT JESUS IS THE ONLY WAY TO GOD, AND HE SAID HIMSELF, "I AM THE WAY AND THE TRUTH AND THE LIFE. NO ONE COMES TO THE FATHER EXCEPT THROUGH ME." (JOHN 14:6) NO OTHER LIFESTYLE, RELIGION, OR PHILOSOPHY CAN BRING YOU TO GOD. EVERY OUTREACH OF BGEA PROCLAIMS THIS PROFOUND TRUTH AND INVITES MEN, WOMEN, AND CHILDREN ACROSS THE GLOBE TO TURN FROM THEIR SIN AND FIND FORGIVENESS AND ETERNAL LIFE IN JESUS CHRIST. IF YOU DO NOT HAVE PEACE WITH GOD, YOU CAN FIND IT RIGHT NOW. SIMPLY PRAY THIS PRAYER AND RECEIVE JESUS CHRIST AS YOUR LORD AND SAVIOR: "DEAR LORD JESUS, I KNOW THAT I AM A SINNER, AND I ASK FOR YOUR FORGIVENESS. I BELIEVE YOU DIED FOR MY SINS AND ROSE FROM THE DEAD. I TURN FROM MY SINS AND INVITE YOU TO COME INTO MY HEART AND LIFE. I WANT TO TRUST AND FOLLOW YOU AS MY LORD AND SAVIOR. IN YOUR NAME, AMEN." IF YOU PRAYED THIS PRAYER - OR WOULD LIKE TO SPEAK WITH SOMEONE ABOUT SPIRITUAL QUESTIONS - PLEASE CALL US AT 1-877-247 -2426. WE HAVE SOME MATERIALS WE WOULD LIKE TO SEND TO HELP YOU ON YOUR JOURNEY OF FAITH. FORM 990, PAGE 1, PART I, LINE 6 THE VOLUNTEERS LISTED FOR THE BGEA,MN ARE THE BOARD OF DIRECTORS WHO ARE NONEMPLOYEES. FORM 990, PAGE 2, PART III, LINE 3 EFFECTIVE JANUARY 1, 2014, THE ORGANIZATION TRANSFERRED THE SUBSTANCE OF ITS MINISTRY OPERATIONS AND MOST OF ITS ASSETS, WITH CERTAIN EXCEPTIONS RELATING TO PLANNED GIVING ARRANGEMENTS SUCH AS CHARITABLE GIFT ANNUITIES AND DONOR-ESTABLISHED TRUSTS, TO BILLY GRAHAM EVANGELISTIC ASSOCIATION, A NORTH CAROLINA NONPROFIT CORPORATION (FED TAX ID 45-2588350). ALSO, THE ORGANIZATION'S NAME WAS CHANGED BGEA, MN AND IT NOW EXISTS AS NON-PROFIT SUBSIDIARY OF THE BILLY GRAHAM EVANGELISTIC ASSOCIATION. FORM 990, PAGE 6, PART VI, LINE 1A BGEA, MN PURSUANT TO ITS BYLAWS HAS APPOINTED AN EXECUTIVE COMMITTEE, CURRENTLY WITH TEN MEMBERS. THE COMMITTEE CHAIRMAN IS AN INDEPENDENT BOARD MEMBER. THE EXECUTIVE COMMITTEE HOLDS PERIODIC MEETINGS BETWEEN THE BOARD OF DIRECTORS MEETINGS TO ACT ON BEHALF OF THE BOARD OF DIRECTORS, EXCEPT FOR MATTERS PRECLUDED BY THE BYLAWS. THE FULL BOARD OF DIRECTORS RATIFIES ANY ACTIONS TAKEN BY THE EXECUTIVE COMMITTEE. FORM 990, PAGE 6, PART VI, LINE 2 BILLY GRAHAM WM. FRANKLIN GRAHAM, III CHAIR EMERIT CHAIR/PRES FAMILY RELATIONSHIP BILLY GRAHAM WM. FRANKLIN GRAHAM, IV CHAIR EMERIT DIR/1STVICEC FAMILY RELATIONSHIP BILLY GRAHAM ANNE GRAHAM LOTZ CHAIR EMERIT DIRECTOR FAMILY RELATIONSHIP WM. FRANKLIN GRAHAM, III WM. FRANKLIN GRAHAM, IV CHAIR/PRES DIR/1STVICEC FAMILY RELATIONSHIP WM. FRANKLIN GRAHAM, III ANNE GRAHAM LOTZ CHAIR/PRES DIRECTOR FAMILY RELATIONSHIP FORM 990, PAGE 6, PART VI, LINE 11B BGEA, MN'S RETURN IS PREPARED AND REVIEWED BY MEMBERS OF THE STAFF INCLUDING THE LEGAL DEPARTMENT, INTERNAL AUDIT, CFO, VP OF CORPORATE AFFAIRS, CERTAIN VICE PRESIDENTS, AND THE CEO. THE RETURN IS THEN REVIEWED BY THE INDEPENDENT AUDIT FIRM OF CHERRY BEKAERT LLP. THE RETURN IS NEXT REVIEWED BY THE AUDIT COMMITTEE AND PROVIDED AND RECEIPT CONFIRMED TO THE FULL BOARD OF DIRECTORS BEFORE IT IS FILED WITH THE IRS. FORM 990, PAGE 6, PART VI, LINE 12C BGEA,MN'S CONFLICT OF INTEREST POLICY COVERS ALL "RESPONSIBLE PERSONS", WHICH INCLUDES ANY BOARD MEMBER, OFFICER, DIVISIONAL VICE PRESIDENTS OR MEMBER OF MANAGEMENT STAFF WHO HAVE A MATERIAL FINANCIAL INTEREST IN THE TRANSACTION. DISCLOSURE STATEMENTS ARE SUBMITTED BY THESE INDIVIDUALS ON AN ANNUAL BASIS, AS WELL AS THROUGHOUT THE YEAR AS A SITUATION MAY ARISE. A SUMMARY OF POTENTIAL CONFLICTS DISCLOSED BY BOARD MEMBERS, OFFICERS AND DIVISIONAL VICE PRESIDENTS IS REPORTED TO THE BOARD AUDIT COMMITTEE FOR REVIEW. RESTRICTIONS IMPOSED ON PERSONS INVOLVED IN TRANSACTIONS WITH A POTENTIAL CONFLICT INCLUDE PROHIBITING THEM FROM PARTICIPATING IN THE BOARD OF DIRECTORS OR COMMITTEE DELIBERATIONS AND APPROVAL OF THE TRANSACTION. THROUGHOUT THE YEAR, INTERNAL AUDIT AND LEGAL STAFF MONITOR THE ADDITION OF NEW BOARD MEMBERS AND THE HIRING OF NEW EMPLOYEES WHOSE POSITION MAY ALLOW THEM TO HAVE A MATERIAL FINANCIAL INTEREST IN A TRANSACTION. DISCLOSURE STATEMENTS ARE REQUESTED AND RECEIVED FROM THESE INDIVIDUALS. POTENTIAL CONFLICTS, IF ANY, ARE REPORTED TO THE BOARD AUDIT COMMITTEE. THE PROCESS FOR REVIEW OF TRANSACTIONS WITH POTENTIAL CONFLICTS VARIES BASED ON THE INDIVIDUAL WITH THE CONFLICT. IF A PERSON IS A STAFF MEMBER AND IS NOT A DISQUALIFIED PERSON, ANY PROPOSED TRANSACTION THAT MAY BE A CONFLICT OF INTEREST MUST BE REVIEWED AND APPROVED BY THE CEO OR HIS DESIGNEE. ALL MATERIAL TERMS AND CONDITIONS OF THE TRANSACTION SHALL BE DESCRIBED IN WRITING AND PROVIDED TO THE CEO PRIOR TO ENTERING INTO THE TRANSACTION. THE CEO WILL REVIEW THE TRANSACTION TO DETERMINE IF IT IS FAIR AND IN THE BEST INTEREST OF BGEA, MN. IF THE PERSON WITH THE POTENTIAL CONFLICT OF INTEREST IS A DISQUALIFIED PERSON, THE RESPONSIBLE PERSON WILL PROVIDE ALL MATERIAL TERMS AND CONDITIONS TO THE CEO IN WRITING. THE CEO WILL FORWARD SUCH INFORMATION TO THE COMPENSATION COMMITTEE CHAIRMAN FOR REVIEW AND DECISION BY THE COMPENSATION COMMITTEE PRIOR TO CONSUMMATION OF THE TRANSACTION. THE TRANSACTION SHALL ONLY BE PERMITTED IF THE COMPENSATION COMMITTEE DETERMINES THAT: THE CONFLICTING INTEREST IS FULLY DISCLOSED; THE RESPONSIBLE PERSON WITH THE CONFLICT IS EXCLUDED FROM THE DISCUSSION AND APPROVAL OF SUCH TRANSACTION BY THE COMPENSATION COMMITTEE; AND THE TRANSACTION IS FAIR AND IN THE BEST INTEREST OF BGEA, MN BY THE USE OF A COMPARABLE VALUATION OR COMPETITIVE BID. THE COMPENSATION COMMITTEE CHAIRMAN WILL PRESENT THE MATERIAL FACTS OF THE TRANSACTION TO THE FULL BOARD OF DIRECTORS FOR RATIFICATION. IF THE CEO OR HIS FAMILY IS THE ONE WITH THE POTENTIAL CONFLICT OF INTEREST, THEN THE INITIAL DISCLOSURE SHALL BE MADE DIRECTLY TO THE COMPENSATION COMMITTEE CHAIRMAN BY THE VICE PRESIDENT OF CORPORATE AFFAIRS. USING THE SAME CRITERIA LISTED ABOVE, THE COMPENSATION COMMITTEE WILL REVIEW AND DECIDE IF THE TRANSACTION IS FAIR AND IN THE BEST INTERESTS OF BGEA, MN. THE COMPENSATION COMMITTEE CHAIRMAN WILL PRESENT THE MATERIAL FACTS OF THE TRANSACTION TO THE FULL BOARD OF DIRECTORS FOR RATIFICATION. IF THE CONFLICT INVOLVES A GRANT, PAYMENT OR BENEFIT TO ANOTHER 501(C)(3) ORGANIZATION WITHIN THE EXEMPT PURPOSES OF BGEA, MN, THE MATERIAL TERMS OF SUCH TRANSACTIONS WILL BE SUBMITTED TO THE FINANCE COMMITTEE FOR REVIEW AT SUCH COMMITTEE'S PERIODIC MEETINGS AND ANNUALLY SUBMITTED TO THE BOARD OF DIRECTORS FOR REVIEW AND RATIFICATION. FORM 990, PAGE 6, PART VI, LINE 15A ALTHOUGH BGEA, MN DOES NOT HAVE ANY EMPLOYEES, IN THE EVENT THAT IT HIRES ANY EMPLOYEES, THE PROCESS FOR DETERMINING COMPENSATION WILL INCLUDE A REVIEW AND APPROVAL BY INDEPENDENT PERSONS, COMPARABILITY DATA, AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. AS FOR THE COMPENSATION PAID BY THE RELATED ORGANIZATION BILLY GRAHAM EVANGELISTIC ASSOCIATION, THE BOARD OF THE ASSOCIATION HAS APPOINTED A COMPENSATION COMMITTEE WHO REVIEWS THE COMPENSATION OF ITS OFFICERS AND KEY EMPLOYEES, AND BASES THE COMPENSATION ON COMPARABILITY DATA AS DESCRIBED IN THE FORM 990 FOR BILLY GRAHAM EVANGELISTIC ASSOCIATION. FORM 990, PAGE 6, PART VI, LINE 15B SEE THE RESPONSE FOR LINE 15A. FORM 990, PAGE 6, PART VI, LINE 19 BGEA, MN'S ARTICLES OF INCORPORATION, CONFLICT OF INTEREST POLICY, AND THE AUDITED ANNUAL REPORT ARE PROVIDED UPON REQUEST AND AVAILABLE FOR INSPECTION AT OUR OFFICE IN CHARLOTTE, NC. THE AUDITED ANNUAL REPORT IS ALSO POSTED ON OUR WEBSITE. FORM 990, PART VII THE OTHER COMPENSATION REPORTED IN COLUMN F INCLUDES MINISTERS HOUSING ALLOWANCE WHICH IS NON-TAXABLE FOR THE FOLLOWING PERSONS : BILLY GRAHAM, DAVID P. BRUCE, WM. FRANKLIN GRAHAM, IV, CLIFFORD B. BARROWS. THE REPORTABLE COMPENSATION FOR BILLY GRAHAM INCLUDES SUPPORT COSTS OF 73,209 FOR DR. GRAHAM THAT ARE REQUIRED FOR HIM TO CONTINUE TO SERVE AND PERFORM HIS DUTIES AND RESPONSIBILITIES FOR THE BILLY GRAHAM EVANGELISTIC ASSOCIATION, AS APPROVED BY THE BOARD OF DIRECTORS. THE REPORTABLE COMPENSATION FOR JOSEPH M. STOWELL, III IS A PAYMENT FOR SPEAKING AT THE COVE. FORM 990, PART XI, LINE 9 CHANGE IN VALUE OF ANNUITIES AND TRUSTS 1,047,877 TRANSFER TO BILLY GRAHAM EVANG ASSOC 111,844,850 BILLY GRAHAM EVANGELISTC ASSOCIATIO 1 BILLY GRAHAM PARKWAY CHARLOTTE NC 28201 452588350 EVANGELISM NC 501C3 7 N/A false BLUE RIDGE BROADCASTING CORP PO BOX 159 BLACK MOUNTAIN NC 28711 560750258 RADIO NC 501C3 9 BGEA false GRAHAM FUND FOR EVANGELISM 1 BILLY GRAHAM PARKWAY CHARLOTTE NC 28201 363194680 EVANGELISM IL 501C3 11A BGEA false COVE ENDOWMENT TRUST FUND 1 BILLY GRAHAM PARKWAY CHARLOTTE NC 28201 411794875 EVANGELISM NC 501C3 11A BGEA false BILLY GRAHAM LIBRARY ENDOW FUND 1 BILLY GRAHAM PARKWAY CHARLOTTE NC 28201 806198602 EVANGELISM NC 501C3 11A BGEA false ORGANIZACAO REBG BRASIL AV ADOLFO PINHEIRO 2360 SAO PAULO BR EVANGELISM BR BGEA false BGEA PTE LTD 133 CECIL STREET SINGAPORE SN EVANGELISM SN BGEA C CORP -8300 3642 1.00000 false STANDARD CHARITABLE REMAINDER UNITRUST 1 CHARLOTTE NC 28266 TRUST MN BGEA MN TRUST false CHARITABLE REMAINDER UNITRUST WITH MAKE-UP PROVISION 13 CHARLOTTE NC 28266 TRUST MN BGEA MN TRUST false POOLED INCOME FUND (1) PO BOX 668129 CHARLOTTE NC 28266 TRUST MN BGEA MN TRUST false ANNUITY TRUST PO BOX 668129 CHARLOTTE NC 28266 TRUST MN BGEA MN TRUST false ILLUSION PROPERTIES S A ILLUSION PROPERTIES S A 200 E FROM THE COSTA RICAN CHAMBER OF COMMERCE SAN JOSE COSTA RICA CS FOR SALE CS BGEA BGEA C CORP -4710 9984351 1.00000 false false true false false false false false false false false false false false false false false false true false BILLY GRAHAM EVANGELISTIC ASSOC B 281393 CASH BILLY GRAHAM EVANGELISTIC ASSOC R 514099 CASH BILLY GRAHAM LIBRARY ENDOW FUND R 51750 CASH BILLY GRAHAM EVANGELISTIC ASSOC R 111844850 NET ASSETS