Bustleton Mental Health Institute Inc

“Vladimir platonov (president) is married to elena platonova (treasurer).”

“The draft of the annual return of organization exempt from income tax (form 990) is available at the board of directors meeting for their review and comments prior to filing. The director of finance reports to board members on 2020 fiscal results with explanations (surplus or deficit) as well as projections for next fiscal year. Then, form 990 is signed by a designated officer for submission and publishing.”

“The corporation has a conflict of interest policy within its by-laws. All directors of the board and all employees of the corporation are covered under this policy.employees have an obligation to conduct business within guidelines that prohibit actual or potential conflicts of interest. If an employee can influence vendor choice, he/she is required to disclose that relationship to the management and refrain from participating in any such decision. This also applies to the hiring of relatives. Before considering employment of a relative, an employee must first secure the written approval of a member of management. Individuals involved in significant relationships with employees may be hired only if they will not be reporting to, or will not be in the line of supervision with, the employee with whom they are involved. A contract between the corporation and one or more of its directors shall not be void or voidable solely for such reason, if: 1) the material facts as to relationship or interest and as to the contract are disclosed or are known to the board, and the board, in good faith, authorizes the contract by the affirmative votes of a majority of disinterested directors; and 2) the contract is considered fair to the corporation as of the time that it is authorized by the board.”

“The compensation of the ceo was compared to similar entities utilizing forms 990 on www.guidestar.org.”

“Per the by-laws of the corporation, compensation for corporate executive staff and key employees (ceo, cfo, managers) is to be approved by the board of directors before any new hiring commitment. Compensation includes gross salary, corporate benefits, bonuses, and any deferred compensation due. Executive staff compensation is to be reviewed and approved by the board at its annual meetings. Executive staff compensation must not exceed the current maximum multiple (the maximum ratio of executive staff compensation to the compensation of the lowest-paid employee) established by the board. The current maximum multiple is 7. This cap may only be adjusted with the concurrence of the management and corporate stakeholder group, and the formal approval of the board. The approval of the compensation of the executive staff is documented in the minutes of the board meetings.”

“The corporation governing documents, conflict of interest policy, and financial statements are available to the public upon request during regular business hours.”