Simpson Meadows

“The sole corporate member of the corporation shall be simpson senior services.”

“The member shall have reserved powers to appoint and remove all members of the board of directors at any time.”

“The member shall have reserved powers to appoint and remove all members of the board of directors at any time, to approve any amendment to the articles of incorporation or by-laws, to approve the annual budgets, to approve any sale, lease, or transfer of assets, to approve indebtedness greater than $50,000, and to approve any merger, consolidation, or dissolution of the corporation.”

“The form 990 is reviewed by the cfo. Once approved, the form 990 is sent to the president/ceo for review and approval. The president/ceo will then forward a copy of the form 990 to the board of directors for their review and approval prior to filing with the irs.”

“All officers and members of the board are subject to the conflict of interest policy. All significant new contracts are subject to board approval. Ongoing contracts are reviewed for any known potential conflict of interest. Conflicts of interest are reviewed at the board level. Any individual with a conflict of interest must abstain from board discussions and decisions where any conflict would be present. On an annual basis all directors and officers sign off on a conflict of interest statement affirming that they have received, understand, and comply with the conflict of interest policy. They must also disclose any potential conflicts with simpson related to financial interests, transactions, or relationships (business or family affiliates).”

“A sub-committee of the board of directors of simpson senior services (sss), a related organization, which is appointed by the board chair of sss has the specific duty of annually evaluating the performance of the president/ceo of the organization, including determining her annual compensation. A competent salary survey is used to benchmark compensation for the position utilizing leading age pa, leading age national, and ceo salary surveys and other studies. In addition, the guide star website is utilized to research the salary of similar positions at similar sized organizations in the local market area. The cfo and the executive directors' salaries of each community are determined by the president/ceo of sss on an annual basis. The president/ceo reviews the annual performance of these individuals relative to their position descriptions. The operating budgets, including salary increases, of each community are presented to the board for their approval on an annual basis.”

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

“Consultants: program service expenses 584,470. Management and general expenses 449,530. Fundraising expenses 0. Total expenses 1,034,000. Medical director: program service expenses 7,200. Management and general expenses 0. Fundraising expenses 0. Total expenses 7,200. Payroll service expense: program service expenses 0. Management and general expenses 43,377. Fundraising expenses 0. Total expenses 43,377. Nursing agency: program service expenses 484,908. Management and general expenses 0. Fundraising expenses 0. Total expenses 484,908.”

“The process has not changed from the prior year.”