2024-01-29T18:00:50-05:00 2022-12-31 464342729 SHELTON MEAD & SHELTON PLLC 800 E BORDER ST ARLINGTON TX 76010 990 2022-01-01 412207554 MIDAS TOUCH MINISTRIES CORPORATION MIDA 8177033093 2829 TRAILHOUSE DRIVE DALLAS TX 75237 KAREN C FRAZIER PRESIDENT DIRECTOR 8177033093 2024-01-26 true KAREN FRAZIER XXX-XX-XXXX false MIKEL R SHELTON CPA P00369360 8174615551 2024-01-26 2022 2023-04-26 12:10:37Z X KAREN C FRAZIER 60 SARASUE LN WICHITA FALLS TX 76302 0 false X MIDASTOUCHMINISTRIES.ORG X 2006 TX MIDAS TOUCH MINISTRIES' MISSION IS TO ENDOW MEN, WOMEN, AND CHILDREN DESTITUTE OF LIFE OR SPIRIT WITH THE ENRICHMENT TOOLS NECESSARY TO LIVE A SPIRIT-FILLED, HEALTHY AND VICTORIOUS LIFE. 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ONE OFFICER WAS LEFT OFF INITIAL FILING. FORM 990 - ORGANIZATION'S MISSION MIDAS TOUCH MINISTRIES' MISSION IS TO ENDOW MEN, WOMEN, AND CHILDREN DESTITUTE OF LIFE OR SPIRIT WITH THE ENRICHMENT TOOLS NECESSARY TO LIVE A SPIRIT-FILLED, HEALTHY AND VICTORIOUS LIFE. WE ARE ORGANIZED FOR CHARITABLE, RELIGIOUS, EDUCATIONAL, AND SCIENTIFIC PURPOSES TO STIMULATE INTEREST AND SUPPORT IN LIFE SKILLS AND EDUCATION. FORM 990, PAGE 6, PART VI, LINE 2 KAREN C FRAZIER IRENE S SIMS PRESIDENT TREASURER DAUGHTER / MOTHER KAREN C FRAZIER PEARLE ROBINSON PRESIDENT SECRETARY NIECE / AUNT IRENE S SIMS PEARLE ROBINSON TREASURER SECRETARY SISTERS FORM 990, PAGE 6, PART VI, LINE 9 KAREN C FRAZIER 60 SARASUE LN WICHITA FALLS, TX 76302 FORM 990, PAGE 6, PART VI, LINE 11B NO REVIEW WAS OR WILL BE CONDUCTED. FORM 990, PAGE 6, PART VI, LINE 12C 12A. GOVERNING BOARD RECOGNIZES THAT KAREN C. FRAZIER, DIRECTOR/PRESIDENT FAMILY RELATIONSHIP AS DESCRIBED IN PART VI, SECTION A, LINE 2, WHICH COULD BE VIEWED AS CONFLICT OF INTEREST. TO REMEDY THIS MATTER THE GOVERNING BOARD RESOLVED TO ADOPT AND IMPLEMENT A CONFLICT OF INTERST POLICY WHICH WAS SUBMITTED WITH SUPPLEMENTAL INFORMATION LETTER REPLY TO G. HOLLAND, IRS EXEMPT ORGANIZATION SPECIALIST, DATED OCTOBER 11, 2007, DETERMINATION ON FORM 1023, APPLICATION FOR RECOGNITION OF EXEMPTION UNDER SECTION 501(C)3 OF THE INTERNAL REVENUE CODE. 12C. THE MANAGEMENT OF THE CORPORATION IS VESTED IN ITS DIRECTORS AND SUCH COMMITTEES THAT THE DIRECTORS MAY ESTABLISH. THE DIRECTORS OF THE CORPORATION SHALL MEET ANNUALLY FOR THE PURPOSE OF ELECTING PRESIDENT, VICE PRESIDENT, TREASURER, AND SECRETARY WHO SHALL ALSO SERVE AS THE DIRECTORS OF THE CORPORATION. NOTICE SHALL BE GIVEN TO THE MEMBERSHIP OF SUCH MEETING AS DETERMINED BY THE BY-LAWS OF THE CORPORATION. EACH DIRECTOR SHALL HAVE ONE VOTE. THE ABOVE STATED OFFICERS SHALL BE ELECTED BY THE MAJORITY VOTE OF THE DIRECTORS IN GOOD STANDING, PRESENT AND ATTENDING SUCH ANNUAL MEETING. A DIRECTOR SHALL NOT BE LIABLE TO THE CORPORATION FOR MONETARY DAMAGES FOR AN ACT OR MOISSION IN THE DIRECTOR'S CAPACITY AS DIRECTOR EXCEPT AS OTHERWISE PROVIDED BY A TEXAS STATUTE. (MIDAS TOUCH MINISTRIES ARTICLES OF INCORPORATION, SECTION VI, PAGE 2) MANAGEMENT OF THE CORPORATION EXPLANATION WAS SUBMITTED WITH SUPPLEMENTAL INFORMATION LETTER REPLY TO G. HOLLAND, IRS, EXEMPT ORGANIZATION SPECIALIST, DATED OCTOBER 11, 2007, DETERMINATION ON FORM 1023, APPLICATION FOR RECOGNITION OF EXEMPTION UNDER SECTION 501(C)3 OF THE INTERNAL REVENUE CODE. 14. THE CORPORATION SHALL KEEP CORRECT AND COMPLETE BOOKS AND RECORDS OF ACCOUNTS FOR AT LEAST THREE YEARS AFTER THE END OF EACH FISCAL YEAR AND SHALL MAKE THEM AVAIALBLE TO THE MEMBERS OF THE CORPORATION FOR INSPECTION AND COPYING UPON REQUEST. (MIDAS TOUCH MINISTRIES ARTICLES OF INCORPORATION, SECTION XV, PAGE 4) DOCUMENT RETENTION AND DESTRUCTION POLICY EXPLANATIONS WERE SUBMITTED WITH SUPPLEMENTAL INFORMATION LETTER REPLY TO G. HOLLAND, IRS, EXEMPT ORGANIZATION SPECIALIST, DATED OCTOBER 11, 2007, DETERMINATION ON FORM 1023, APPLICATION FOR RECOGNITION OF EXEMPTION UNDER SECTION 501(C)3 OF THE INTERNAL REVENUE CODE. FORM 990, PAGE 6, PART VI, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC