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        <ExplanationTxt>THE ORGANIZATION DOES NOT RECIEVE DIRECT GOVERNMENTAL ASSISTANCE; HOWEVER, THE SCHOOL RECEIVED GOVERNMENT FUNDS IN THE FORM OF TITLE IV FUNDING FOR THE BENEFIT OF ITS STUDENTS.</ExplanationTxt>
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        <FormAndLineReferenceDesc>FORM 990, PAGE 2, PART III, LINE 4A</FormAndLineReferenceDesc>
        <ExplanationTxt>SHEPHERDS THEOLOGICAL SEMINARY IS AN ACCREDITED GRADUATE SCHOOL PROVIDING QUALITY ACADEMIC AND THEOLOGICAL TRAINING FOR STUDENTS DESIRING TO SERVE IN LEADERSHIP ROLES AT CHURCHES, NON-PROFITS, AND OTHER FAITH-BASED ORGANIZATIONS. DURING THE 2023-2024 ACADEMIC YEAR, STS WAS ENGAGED IN GRADUATE EDUCATION AT THREE SITES. AT ITS CARY, NC CAMPUS, STS PROVIDED A TOTAL OF 62 COURSES RANGING FROM 1 TO 21 STUDENTS ENROLLED. THESE COURSES INCLUDE TRADITIONAL ACADEMIC COURSES ON THEOLOGY, HISTORY, PHILOSOPHY, AND BIBLICAL LANGUAGES, THESES COURSES, PRACTICAL MINISTRY COURSES, INDIVIDUAL INTERSHIPS, AND INDEPENDENT STUDY COURSES. THE WEST INSTITUTE OF STS, A TEACHING SITE LOCATED IN LARAMIE WY, PROVIDED A TOTAL OF 17 CLASSROOM COURSES RANGING FROM 5 TO 23 STUDENTS ENROLLED. ADDITIONALLY, THE STS TEACHING SITE IN BRYAN, TX, PROVIDED A TOTAL OF 2 COURSES WITH 6 STUDENTS ENROLLED IN EACH. IN TOTAL, THE FOLLOWING NUMBERS OF STUDENTS PARTICIPATED IN PROGRAMS AT STS: 132 GRADUATE STUDENTS (DEGREE/CREDIT SEEKING) AND 34 NON-DEGREE-SEEKING/AUDIT STUDENT. STS DELIVERED 2,044 TOTAL CREDIT HOURS OF INSTRUCTION, OF WHICH 298 CREDITS WERE TAUGHT VIA DISTANCE EDUCATION. STS HAD 8 GRADUATES IN MAY, 24 GRADUATES IN AUGUST, AND 1 IN DECEMBER WHO WERE PARTICIPATING IN A VARIETY OF MINISTRIES, INCLUDING THE FOLLOWING: PASTORS, ASSISTANT PASTORS, CHURCH PLANTERS, MISSIONARIES, BIBLICAL COUNSELORS, LAY-COUNSELORS, NON-PROFIT WORKERS, AND LOCAL-CHURCH VOLUNTEERS. SIMILARLY, STS'S ALUMNI SERVE IN ALL AREAS OF LOCAL CHURCH MINISTRY, PARA-CHURCH MINISTRIES, FOREIGN MINISTRIES, AND DOCTORAL PROGRAMS AND ACADEMIC APPOINTMENTS.</ExplanationTxt>
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        <ExplanationTxt>BOARD MEMBERS ARE AWARE OF THE CONFLICT OF INTEREST POLICY. THEY ARE ASKED TO DISCLOSE OF ANY CONFLICTS WHEN THEY ARE KNOWN. ALSO, IF THERE IS AN ISSUE WHERE IT IS KNOWN THAT A BOARD MEMBER HAS A CONFLICT OF INTEREST, THEN THEY ARE ASKED TO EXCLUDE THEMSELVES FROM THE DISCUSSION AND VOTING.</ExplanationTxt>
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        <ExplanationTxt>SAME AS THE PROCESS FOR OFFICERS OR KEY EMPLOYEES. SEE BELOW.</ExplanationTxt>
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        <ExplanationTxt>COMPENSATION IS REVIEWED AND RECOMMENDED BY THE FINANCE COMMITTEE. THE COMMITTEE USES SALARIES OF PEOPLE IN COMPARABLE POSITIONS AND AVAILABLE SURVEYS. THE EXECUTIVE COMMITTEE OF THE BOARD REVIEWS AND APPROVES THE FINANCE COMMITTEE RECOMMENDATIONS. ALL COMPENSATION IS APPROVED IN THE ANNUAL BUDGET.</ExplanationTxt>
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