Adelbrook Inc

“The corporation shall have one class of membership. The sole member of this corporation is covenant initiatives for care, inc., an illinois not-for-profit corporation.”

“Pursuant to section 3.1 of the bylaws, the following actions require approval of the member: (a) appointment and removal of directors, (b) appointment and removal of the chair and the president; (c) strategic plan, mission statement, and major changes of policy of the corporation; (d) major borrowing; (e) disposition, buying, leasing, selling, or encumbering of real property belonging to the corporation that is used in its ministry; (f) mergers or dissolution of the corporation and the plan for distribution of assets; (g) creation of new affiliates and subsidiaries; (h) amendments to the articles of incorporation and bylaws of the corporation; (i) determination of the fiscal year end of the corporation; (j) designation of auditors; and (k) determiniation and direction of legal representation of the corporation.”

“The sole member needs to approve the appointment and removal of directors.”

“Form 990 is prepared by an outside accounting firm with documentation provided by management. A comprehensive review of the draft return is performed by management. Once the form is complete, a copy is provided to the board of directors for review prior to filing.”

“Board of directors are required to disclose potential conflicts. Any conflicts are reviewed by the president and individuals involved would recuse themselves from discusion of the matter.”

“The ceo's compensation is determined by the board committee. Other compensation adjustments are across the board cost of living increases if determined for the year.”

“Documents are available upon request.”

“The transitional academy helps young adults learn life skillls and vocational skills to support independence and future succeess. Through meaningful work experiences, including at the agency's business, the bark-ery (a natural food bakery for dogs), and community engagement, students build a foundation for life-long learning and employment. Adelbrook's educational programs support both students who live in adelbrook's residential programs and those who reside with their families in communities throughout ct. Referrals are made through local school districts. The learning centers are approved as private special education programs by the state of ct dept. Of education. Our programs help young people develop skills, meet their individual goals, and move towards greater independence within a culture of compassion, commitment, collaboration, and trust. Our expert staff help support students in a safe, supportive, therapeutic, learning environment.”

“Pension plan termination settlement adjustment -952,736. Pension liability changes other than net periodic benefit cost 173,018.”

“The process has not changed from prior year.”