Mosaic

“The executive committee, during the interim between regular or special meetings of the board, shall have authority to do all things necessary for the conduct of the corporate affairs which the board of directors could undertake except as may be prohibited by law, by the bylaws, or by resolution of the board of directors, provided however, that the executive committee shall exercise its authority to act on behalf of the full board only when a decision must be made and there is insufficient time to assemble a meeting of the board.”

“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 will be guided by the consultant's analysis and expertise, approve the compensation of the ceo, and report its actions to the full board. The ceo, working within salary ranges based upon market data gathered by the consultant, sets the compensation of other officers and key employees. Minutes, documentation of the independent consultant's analysis, report 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 603,661. Management and general expenses 472,998. Fundraising expenses 71,900. Total expenses 1,148,559. Day/host services: program service expenses 99,305,059. Management and general expenses 38,521. Fundraising expenses 0. Total expenses 99,343,580. Consulting services: program service expenses 63,052. Management and general expenses 1,343,798. Fundraising expenses 153,083. Total expenses 1,559,933.”

“Postretirement benefit related changes other than net periodic cost -96,099. Other transfer of liabilities -1,290,135.”

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