Life Enriching Communities

“The finance committee reviews forms 990 and 990-t prior to filing. Discussions concerning forms 990 and 990-t, questions and answers are documented contemporaneously in the minutes of the finance committee meeting. Additionally, copies of forms 990 and 990-t were made available to the board of trustees prior to filing.”

“Officers and trustees are required to report any conflicts or potential conflicts of interest at least once a year. A questionnaire is completed, signed and dated by the person completing the questionnaire. The results are compiled into a single document and reviewed by senior management and are distributed to the persons approving accounts payable and signing checks. Conflicts of interest are monitored by senior management to ensure that those with conflicts do not vote on matters where they have a conflict of interest. As part of the onboarding process of new officers and trustees, any potential conflicts of interest are identified. Any other conflicts that arise during the year are communicated verbally and if any are identified, this information is shared.”

“Line 15a: total cash compensation, inclusive of base pay, variable compensation, retirement contributions and benefits for applicable positions is compared to data contained in the leading age-cemo senior living compensation survey (a national industry organization). Compensation bands for each applicable position were also established based on the survey data. The executive committee of life enriching communities board reviews and approves various elements of executive compensation based on and as required by the organization's executive compensation policy and the executive incentive plan. Specifically, the ceo's compensation is reviewed and approved by the executive committee of life enriching communities' board. Line 15b: compensation for other executive team members are determined by the ceo with recommendations reviewed by the executive committee of life enriching communities' board. These approvals were contemporaneously documented in the committee meeting minutes and approved by the board. This process was last undertaken in 2024.”

“Life enriching communities makes its governing documents, conflict of interest policy and financial statements available upon written request. The organization's condensed financial statements are published in its annual report on its website. The annual report is distributed to friends, family members, business partners and contributors.”

“Equity transfer to/from affiliate -2,500,000.”