Lutheran Social Services of New England Inc

“The executive committee shall be comprised of nine persons, including the officers of the board of directors, the president of the corporation, and four other members of the board of directors to be appointed by the chair with the approval of the board of directors. The executive committee shall be empowered to act on behalf of the entire board of directors on matters that require attention at times when a regular or special meeting cannot be called. However, the executive committee shall not have the power to change the location of the corporation, amend the by-laws, elect officers or directors to fill vacancies, remove officers or directors, or authorize a merger”

“The form 990 is prepared by a national independent accounting firm from information provided by management. Financial management will review the form 990 when it is completed. Ascentria care alliance, inc.'s (aca) audit committee provides secondary review and approval prior to submission to the irs. The complete form 990 is posted to the board intranet for review by the aca finance committee as well as all board members prior to filing with the irs.”

“Any director, officer, employee, committee member, or volunteer of aca or its subsidiaries, whether because of his/her employment, business interests, investments, or otherwise, who has interests that do or may, directly or indirectly, compete with or be in conflict with the interests of aca shall promptly disclose all material facts of such conflict of interest in writing to the chairperson of the board of directors and/or to the president of aca. Such person shall also announce the same at any meeting or discussion in which he/she is a participant and at which such conflict arises and shall refrain from acting thereon. After disclosure of a financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. An interested person may make a presentation at the governing board or committee meeting, but after the presentation he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. The chairperson of the governing board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the governing board or committee shall determine whether aca can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the governing board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in aca's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination it shall make its decision as to whether to enter into the transaction or arrangement.”

“The executive committee will obtain research to make a recommendation for the compensation of the ceo. A review of comparability data may include the following: compensation studies by independent sources, written job offers for positions at similar organization, documented phone calls about similar ceo positions, and information obtained from the irs form 990 filing of similar organization. The executive committee will document its decisions in the minutes of the meeting. The documentation of the ceo's compensation includes: a discussion of the ceo's responsibilities; annual performance review, description of the compensation, benefits, and approval date; list of committee members present during the discussion; actions taken with respect to the decision of the compensation; and a record of the result of the compensation vote. Compensation of the organization's officers or key employees include a similar process however, amounts are approved by the ceo. A review of comparability data may include the following: compensation studies by independent sources, written job offers for positions at similar organization, documented phone calls about similar positions, and information obtained from the irs form 990 filing of similar organization. The documentation of the officers and key employees compensation includes: a discussion of responsibilities; annual performance review, description of the compensation, benefits, and approval date; actions taken with respect to the decision of the compensation.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Other professional fees: program service expenses 0. Management and general expenses 5,913. Fundraising expenses 0. Total expenses 5,913. Payroll processing: program service expenses 0. Management and general expenses 319,700. Fundraising expenses 0. Total expenses 319,700. Consultants: program service expenses 0. Management and general expenses 964,410. Fundraising expenses 69,110. Total expenses 1,033,520. Purchased services: program service expenses 0. Management and general expenses 88,037. Fundraising expenses 46,139. Total expenses 134,176. Temporary help: program service expenses 0. Management and general expenses 193,538. Fundraising expenses 0. Total expenses 193,538. Benefit processing: program service expenses 0. Management and general expenses 5,607. Fundraising expenses 0. Total expenses 5,607. Service contracts: program service expenses 0. Management and general expenses 1,725. Fundraising expenses 0. Total expenses 1,725.”

“Transfer of equity to related organizations -9,998,645. Transfer of equity 15,700,174.”