Waveny Care Center Inc

“The sole member of waveny care center, inc. Is waveny lifecare network, inc.”

“Waveny lifecare network, inc., the sole member of waveny care center, inc. Has the right to elect the board of directors of the corporation.”

“According to article ii, section 2 of the bylaws, the sole member shall have the following rights, powers and privileges: (a) to approve the corporation's annual operating and capital budgets and all fundraising programs proposed to be conducted by the corporation; (b) to approve (i) significant programs and expenditures proposed to be undertaken by the corporation, and (ii) plans that would materially affect the growth and development of the corporation, except where such action is already incorporated in an approved operating or capital budget of the corporation; (c) to approve the purchase, sale, or other disposition of significant capital or operating assets and the incurring of any indebtedness for borrowed money; (d) to approve significant affiliation agreements, including, but not limited to, joint venture, management, merger and joint purchase agreements, between and/or among the corporation and other institutions or entities; (e) to fill vacancies on the board of directors; (f) to approve the adoption, repeal or amendment of the certificate of incorporation or bylaws of the corporation; and (g) to act on any other matters on which action by the sole member is required or permitted by the certificate of incorporation, these bylaws, or by law.”

“The cfo reviews the 990 with the preparer prior to sending to the audit committee (part of the finance committee) for review before filing on behalf of the governing body.”

“On an annual basis, management requires board members and key employees to sign off on the conflict of interest policy. Compliance is monitored by the organization's executive committee. If a conflict of interest arises, the conflicted board member would abstain from voting.”

“Compensation committee of the board reviews reviews annually the compensation of the ceo and cfo. Other comparable organizations 990s are reviewed as well as wage data provided by industry associations. Any compensation adjustments are approved by the board chair and vice chair.”

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

“Transfer to affiliate 22,321.”

“The process has not changed from the prior year.”

“Waveny care center, inc (wcc) pays all employees and issues w-2s. Salary is then allocated to time worked to each individual entity.”