Mosaic

“The evangelical lutheran church in america appoints three members of the board of directors.”

“Mosaic board of directors may make any amendments to the articles of incorporation without other approval with the exception of sections 8 and 10. Amendments to sections 8 and 10 of the articles of incorporation require prior written consent of the evangelical lutheran church in america. Section 8 of the articles of incorporation specifies where assets would be transferred upon the liquidation of mosaic, and section 10 covers mosaic's affiliation with the evangelical lutheran church in america.”

“Form 990 is prepared by the organization's outside accounting firm. The chief financial officer, the organization's outside accounting firm, and the chief executive officer review the return. The finance and audit committee and the board of directors are provided a copy of the return prior to filing form 990.”

“On an annual basis, each board director completes a conflict of interest form and submits it to the chairperson of the board integrity committee. Any financial conflicts of interest are reported to the chief financial officer for reporting on the form 990. Within 90 days of their hire date, all staff complete a conflict of interest form. Staff are notified annually they must complete a new conflict of interest form if there have been any changes since they last submitted the form. All reported conflicts of interest are reviewed by human resources, operations and compliance departments. Any conflicts of interest of the chief executive officer are reported to the board of directors. Conflicts of interest of senior staff are reviewed by the senior vice president for human resources and vice president of compliance and reported to the chief executive officer and chief financial officer for reporting on the form 990. Any new conflicts of interest that arise during the year are required to be reported at that time.”

“The board of directors established an executive committee. The executive committee is responsible for contracting with an independent consultant which shall: document comparable compensation levels paid to executives with similar positions and responsibilities within the market applicable to executive recruitment, help the committee apply mosaic's compensation philosophy to the market survey data to identify supportable compensation levels and compensation ranges, and verify in advance that resulting compensation ranges are reasonable compensation. The compensation consultant will also advise and opine on benefit design, benefit options, and reasonableness of benefit amounts as elements of compensation. The executive committee will be guided by the consultant's analysis and expertise and approve the compensation of the ceo, approve the compensation ranges for other officers and key employees, and report its actions to the full board. The ceo, working within salary ranges approved by the executive committee, sets the compensation of other officers and key employees. Minutes, documentation of independent consultant comparability data and recommendations are maintained as part of the record of the executive committee.”

“Individuals may request mosaic's governing documents, conflict of interest policy, and financial statements through an email request form available on mosaic's public website (www.mosaicinfo.org).”

“Other fees: program service expenses 272,185. Management and general expenses 1,334,531. Fundraising expenses 52,249. Total expenses 1,658,965. Day/host services: program service expenses 64,055,425. Management and general expenses 12,007. Fundraising expenses 0. Total expenses 64,067,432. Consulting services: program service expenses 83,775. Management and general expenses 382,691. Fundraising expenses 149,651. Total expenses 616,117.”

“Postretirement benefit related changes other than net periodic cost 70,934. Other transfer of liabilities -464,328. Equity transfer to mosaic senior services, inc. -458,786.”

“The finance and audit commitee oversees the audit & selection of the independent accountant. This process has not changed from the prior year.”