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DONATION FAQ

Q. Does TMB have tax exempt status?

A. Yes, as a division of the AEAI (American Evangelistic Association Inc.) we are under their tax exempt umbrella. Donations given to The Marriage Bed are tax deductible on US tax returns. Our 501(c)(3) status is registered with GuideStar.

Q. You say you are a no debt ministry?

A. Startup costs of the ministry not covered by donations were paid by a no interest, open ended, loan from the Byerly's personal finances. That loan has been repaid and we only grow as the funds allow.

Q. Who supports you?

A. Currently our donations come entirely from individuals

Q. Is there anyone checking up on the finances of TMB?

A. In addition to the oversight of the Board of Directors, the AEAI receives quarterly and year end reports on our finances.

Q. Do you take credit card donations?

A. We now take credit cards through PayPal, and the Amazon Honor System. This allows us to receive credit card payments without the high overhead of a merchant account.

Q. Do you use any third party fund raising organizations?

A. No.

Q. Do Paul and Lori receive any money from the ministry?

A. Paul and Lori raise their own support, separate from the general budget.

Q. Do Paul and Lori really put that much time into the ministry?

A. We spend many hours each week working on the web sites and e-lists, and answering private mail generated by the web site visitors. Much more could be done if there were time. As funds allow for support we will reduce our outside work and devote more time to The Marriage Bed.

Q. Does TMB have any employees or use contract labor?

A. All web mastering, secretarial, and other work is done by Paul and Lori. We have used a CPA and a legal service to oversee the incorporation and make sure the financial books were set up correctly. We would like to hire out web design and maintenance, as this would free us to do research and write articles.

Last Updated on Monday, 24 May 2010 15:08  

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