Brethren Village

“Management prepares/gathers information needed for tax consultant to prepare tax returns. Management participates in the review process prior to presenting to the Finance Committee of Brethren Village for review and approval. Returns are then made available to all board members prior to filing with the IRS.”

“All of the organization's expenditures are subject to appropriate approvals through the organization's purchasing policy. Additionally, transactions with any companies affiliated with board members are monitored and analyzed by the accounting department and reported in our annual disclosure statement, if applicable. Brethren village has a conflict of interest policy which is directed not only to directors and officers, but to all team members who can influence the actions of brethren village. Disclosure of conflicts should be made to the president (or if she or he is the one with the conflict, then to the board chair), who shall bring the matter to the attention of the board or duly constituted committee thereof. Disclosure involving directors should be made to the board chair (or if she or he is the one with the conflict, then to the board vice-chair), who shall bring the matter to the board or a duly constituted committee thereof. Any board of director member having a duality of interest or possible conflict of interest on any matter should not vote or use personal influence on the matter, and should not be counted in determining the quorum for the meeting. The minutes of the meeting should reflect that a disclosure was made, the abstention from voting, and the quorum situation. Each member of the board, corporate officers, and members of the board committees shall annually sign a statement which affirms such person (a) has received a copy of the conflict of interest policy, (b) has read and understands the policy, (c) has agreed to comply with the policy, and (d) understands that brethren village is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. The executive assistant is responsible for ensuring that everyone completes a statement annually.”

“the Executive Committee of Brethren Village Board establishes compensation for the President. The committee relies on external data including an executive wage survey, specific for the senior living industry, as well as other comparable wage indicators (Economic Outlook, etc.). Compensation for Vice Presidents and other positions (key employees) within the organization are established using internally developed data (compensation ranges) and external survey data from state associations and other similar groups by the President. Salaries are reviewed annually. Minutes of the committee meetings are recorded and filed. Salary adjustments are forwarded to the HR department by the president with the proper documentation/authorization.”

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

“CONSULTING: Program service expenses 5,005. Management and general expenses 37,131. Fundraising expenses 0. Total expenses 42,136. CONTRACTED SERVICES: Program service expenses 3,207,765. Management and general expenses 310,232. Fundraising expenses 0. Total expenses 3,517,997. PENSION ADMINISTRATION FEES: Program service expenses 0. Management and general expenses 136,133. Fundraising expenses 0. Total expenses 136,133. LABORATORY: Program service expenses 25,450. Management and general expenses 0. Fundraising expenses 0. Total expenses 25,450. AGENCY FEES: Program service expenses 1,734,974. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,734,974. DISPOSAL FEES: Program service expenses 86,988. Management and general expenses 0. Fundraising expenses 0. Total expenses 86,988.”

“CHANGE IN VALUE OF SPLIT-INTEREST ADJUSTMENT 115,228. Pension Liability Adjustment 1,053,912. VALUATION GAIN ON BENEFICIAL INTEREST IN PERPETUAL TRUSTS 56,261.”

“The board of directors assumes responsibility for the oversight of the review of its financial statements and selection of an independent accountant. This process has not changed from the previous year.”