Bethany Methodist Corporation

“The Executive Committee shall include the officers of the Corporation and the Chief Executive Officer. The Executive Committee shall have the authority of the Board of Directors between meetings of the Board of Directors. The minutes of the Executive Committee shall become a part of the official record of the Board of Directors. It shall be the duty of the Executive Committee to see that all rules and regulations adopted by the Board of Directors are faithfully executed by committees and administrative officers of the Corporation. The Executive Committee may recommend policies and new rules and regulations to the Board of Directors for their review and acceptance. The Executive Committee shall recommend to the Board of Directors the salary and benefits of the Chief Executive Officer, provided however, the Chief Executive Officer shall not participate in any such deliberations or vote. The Executive Committee, in consultation with the Chief Executive Officer, shall recommend to the Board of Directors the reimbursement for expenses, if any, to be provided to the officers of the Corporation.”

“Pursuant to the organization's restructuring during the tax year, the Bylaws were amended to eliminate the powers reserved to the sole member, Bethany Methodist Corporation 36-3478324, and establish the organization as a stand-alone entity without a member. The sole member dissolved on December 29, 2023. Upon dissolution, the organization filed Amended Articles of Incorporation and changed its name to Bethany Methodist Corporation during the tax year.”

“The completed Form 990 is reviewed by management and a copy of the Form 990 is provided to the governing body prior to filing the return with the IRS.”

“Members of the Board of Directors, Corporate Officers and employees are required to avoid all situations that may, in fact or appearance, present as a conflict of interest. Corporate bylaws require that all actual, potential, direct, apparent, and indirect conflicts be disclosed in full and in writing. An annual, formal, and written disclosure statement is completed by all members of the board, corporate officers, and key employees. Board members who believe they may be involved in a conflict of interest related to a given issue are required to abstain from voting or taking other official action related to that issue. Corporate officers and key employees who believe they may be involved in a conflict of interest related to a particular issue will recuse themselves from taking any official action related to that issue. The Board of Directors retains responsibility for establishing any additional guidelines necessary to resolve a conflict of interest. Policies regarding potential conflicts of interest are included in the regularly-scheduled, formal review conducted by the Executive Committee and Leadership Team.”

“The Executive Committee of the Board of Directors, led by the Chair of the Board of Directors reviews and approves annual objectives established by the Chief Executive Officer and Leadership Team. These objectives are presented to the Board on an annual basis for their approval. The Chief Executive Officer's salary was determined after examination of comparability data and ensuring that compensation was granted in compliance with regulatory and ethical standards as well as industry norms. Recommendations for compensation are reviewed on an annual basis and adjusted in accordance with job expectations and successful completion of agreed upon goals and objectives. Led by the Chief Executive Officer, key employees establish annual line-of-site goals and objectives aligned with the goals and objectives approved on an annual basis for the Chief Executive Officer by the Board of Directors. The Human Resources Department is responsible for examining comparability data and ensuring that compensation is granted in compliance with regulatory and ethical standards as well as industry norms. Salary ranges are established and approved by the Board of Directors through the budget process. Recommendations for compensation are reviewed on an annual basis and adjusted in accordance with job expectations and successful completion of agreed upon goals and objectives.”

“These documents are available to the general public upon request for the period of time in accordance with internal revenue code section 6104(d).”