Diakon

“A majority of the members of the governing body (the diakon board of directors) are elected by a majority vote of the bishops of the following synods of the evangelical lutheran church of america: northeastern pennsylvania synod, southeastern pennsylvania synod, delaware-maryland synod, upper susquehanna synod, and lower susquehanna synod. The remaining members of the board are elected by the board from a slate of candidates presented by the board development committee.”

“Diakon has a cpa firm prepare its form 990. The return is completed in draft form and reviewed by management of the organization. The return is then finalized and the board is provided a copy of the form 990 before it is filed.”

“The compliance officer of the organization reviews diakon's conflict of interest statement and certification forms with the board on a regular basis. All board members and all officers and key employees are required to complete a certification form and disclose possible or actual conflicts of interest. The completed forms are reviewed by the compliance officer and by the organization's outside auditor on a regular basis.”

“Diakon's ceo is paid by diakon lutheran social ministries (dlsm). Executive compensation philosophy a compensation committee of independent directors of dlsm's sole member, which includes directors from dlsm (compensation committee), utilizes external consultants to assist with the development, administration, and determination of compensation, welfare, benefit, pension and other plans, which take into account appropriate industry benchmarks and the compensation policies followed by organizations similarly situated to dlsm. The compensation committee has adopted a written "charter," which sets forth the purpose, membership and responsibilities of the committee. In addition, it conducts its activities in compliance with dlsm's "excess benefits transactions" policy, which requires review and approval by independent persons, comparability data and contemporaneous substantiation of the deliberation and decision. Dlsm's executive compensation program consists of a base salary reflecting the value of an executive's capabilities, experience, and success in meeting mission, financial, operational and quality objectives. Information about executive compensation issues and decisions is reported to the full board of directors at regular meetings. Employee benefits dlsm provides all employees, including executives, with a comprehensive benefit plan that includes health insurance, dental insurance, life and disability insurance and a defined contribution retirement plan. The dlsm defined benefit retirement plan accruals were frozen as of 12/31/11.”

“Diakon makes its governing documents (articles of incorporation and bylaws) and conflict of interest policy available upon request. A statement of financial position is published in the organization's annual report, which is mailed to the approximately 120,000 individuals on the organization's publication mailing list. The audited consolidated financial statements and annual report are available on the diakon website at diakon.org as well as available upon request.”

“Diakon medical group, a pennsylvania limited liability company, began operations on january 1, 2017. Diakon medical group provides medical director and physician services to the diakon senior living communities. Diakon medical group is a disregarded entity of diakon for federal tax purposes.”

“Net assets released from restriction - operations - temp restricted -1,183. Contributions and bequests - permanently restricted 21,363. Contributions and bequests - temporarily restricted 241. Investment gains, net of expenses - temporarily restricted 10,555.”

“Diakon has an annual audit of the consolidated financial statements for diakon and controlled affiliates performed by an independent accounting firm. The audit committee of the diakon board of directors assumes responsibility for the oversight of the audit and selection of the independent accounting firm.”

“Diakon also has an annual audit under the single audit act and omb circular a-133 performed by an independent accounting firm for the consolidated group.”