The Brethren Home Foundation

“The executive committee consists of the chair, vice chair, secretary, treasurer, assistant secretary-treasurer, and the president. All members of the committee are members of the governing body. The executive committee shall have power to deal with emergency matters during the interim between regular meetings of the board of directors; it shall evaluate the operations of the corporation, serve as counselor to the president, review annually the relationship of the president to the board, and shall review the annual report of the corporation to be given to the members at their organizational meeting of the "corporation" in advance of the time of such annual meeting.”

“The bylaws were amended during the fiscal year to change the compostion of the board of directors from 13 directors to 16 directors as follows: the affairs of this corporation shall be managed by a board of directors of not more than sixteen (16) directors. Included in this number shall be the president of the corporation who shall serve as a director, ex officio, with vote. Excluding the president of the corporation, the balance of the directors shall be elected by the directors then in office. A minimum of sixty percent (60%) of the directors shall be members of a church in the southern district of pennsylvania church of the brethren.”

“The members of the congregations of the southern pa district church of the brethren are members of the brethren home foundation.”

“The members of the congregations of the southern pa district church of the brethren are members of the brethren home foundation. Congregational delegates cast their individual votes at the annual corporation meeting and elect the majority of the members of the board of directors.”

“The members of the southern pa district church of the brethren, through their elected congregational delegates, need to approve any liquidation, dissolution or sale of all or substantially all of the assets of the brethren home foundation. The members also approve amendments, alterations, or restatements of the articles of incorporation and approve any merger or consolidation of the corporation.”

“The form 990 is reviewed by the director of finance and vice president of finance before it is shared with the president/ceo. The final version of the form 990 will then be distributed to each board member for review and comment prior to filing with the irs.”

“The organization has a board conflict of interest policy which requires annual disclosure and certification by board members of compliance with the policy. In addition, all employees receive annual corporate compliance training which includes the conflict of interest policy and are required to certify they are in compliance with the corporate compliance plan. The compliance plan covers employees, vendors, contractors, volunteers, directors, and officers. Any potential conflict of interest issues which may arise are reviewed by the corporate compliance liaison or compliance office, and appropriate safeguards are put in place. The process is monitored by the corporate compliance liaison or compliance office.”

“Compensation of officers is paid by the brethren home community, a related organization. The salary for the ceo is reviewed and approved annually by the board of directors' executive committee with comparisons made to an annual salary survey of similar non-profit organizations in pennsylvania to ensure that salaries are in line with the fair market value for the industry. The decision is documented in the executive committee minutes. A similar process is used for other key employees with the review being done by the vice president of human resources in consultation with the ceo and vice president of finance. Each year the human resources department conducts a salary survey among similar non-profit organizations in pennsylvania. This survey, as well as other research of similar positions in the local area, is used to set annual salary and wage increases for all positions.”

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

“Change in value of split interest agreement -163,824. Change in net assets of affiliate 1,349,955. Change in fair value of irrevocable trusts -32,710.”

“Audit oversight: the program and finance committee of the brethren home foundation board functions in the role of the audit committee for the consolidated entities. This committee receives the proposal(s) for audit services annually and takes action to approve engaging the audit firm. The vice president of finance gives regular updates to the committee as the audit progresses. The completed audit report and related reporting items are presented by the auditors to the full board of directors. In addition, the auditors meet in private with the board (with staff members not present) to address any questions the board has in regards to the audit. The process has not changed from prior years.”