Friendship Senior Options Nfp

“All board of director members receive an emailed version of the form 990 before it is filed. The finance committee reviews the form 990 before it is filed. Before the return is filed, a presentation is given to the full board.”

“Every year, the board members and management team receive a conflict of interest policy. They have to sign an attachment stating that they received the policy and whether or not they are aware of any conflicts. On those occasions where the issue arises, the conflict, the potential for conflict, or the perception of conflict is fully disclosed to the board prior to discussion on the matter calling for board action. Prior to such discussion, the board has determined whether the presence of or participation by the "conflicted" board member in the discussion will influence the discussion itself or its outcome. The "conflicted" member may or may not be excused from such discussion. In all instances, the "conflicted" board member abstains from any vote on the matter.”

“The annual executive compensation salary survey was conducted in april 2015 at the request of the fso executive committee (whose responsibility is executive compensation) and the fso president/ceo. The organization at the directive of the executive committee contracts with an independent, external compensation consultant to provide the salary survey data and to ensure we are in compliance with all irs rulings on executive compensation. We also maintain a plan document that is reviewed annually and updated as regulations or the plan construct changes. The executive committee has final approval for all salary and benefit adjustments for the executives. A salary survey was conducted on the fso president/ceo (under contract) and all executive positions in april 2015. Salary adjustments were approved by the executive committee and fso board of directors. The executives include: fso president/ceo, chief financial officer, vice-president of planning & marketing, vice-president of operations, vice-president of human resources and executive director at greenfields of geneva. The increases will be administered prior to the end of the 2015 calendar year and will be retroactive to july 2015. The executive incentive bonus payouts were approved by the executive committee in accordance with the executive incentive plan document and will be paid out prior to the end of the 2015 calendar year. Human resources is responsible the oversight and operational aspects of the compensation program for the rest of the organization. This includes contracting with an external compensation organization to conduct wage & salary surveys. Wage and salary surveys were conducted for all positions (exempt and non-exempt) in the fall of 2014 and presented in january 2015 with merit and market adjustments (as warranted) occurring in july 2015.”

“Upon request, the financial statements, governing documents and conflict of interest policy are made available to the general public.”

“Friendship senior options, nfp is the common paymaster for its own employees as well as those of its related organizations noted in schedule r. As such, friendship senior options has filed all appropriate tax returns and issued forms w-2 with respect to wages it has paid as common paymaster. The employee count per form w-3, as submitted by friendship senior options, has been allocated to each related organization and is noted in form 990, part v. Each related organization has reimbursed friendship senior options for its share of wages and tax payments.”