Peter Becker Community

“The board of directors shall have five (5) standing committees: (1) governance, (2) finance and investment, (3) mission support, (4) human resources, and (5) compliance. The chair may appoint such special committees and task forces from time to time as he/she deems necessary. The board of directors shall establish the purpose of each board committee in a written document to be reviewed by the board on an annual basis. The number of board committee members shall be determined by the board chair, except that the board may appoint additional members of any board committee at any time. The board chair, with the approval of the board, shall appoint the chair of each board committee for a one year term of off,rce beginning january 1. The board committee chair will select the members of the board committee who will also serve a one year term. At least two members of the board committee (including the chair) shall be members of the board of directors. Other members of the board committee may be residents of peter becker community or other members of the greater community who are committed to the mission and values of peter becker community. Board members may be asked to serve as members of operational advisory committees which are not official board committees.”

“The form 990 is prepared by an outside accountant and is then reviewed by the ceo and cfo before being sent to the board for final approval.”

“An annual statement is completed by board members and is reviewed by the president. The conflict of interest policy is discussed at the first board meeting of the year and more frequently if issues arise. The ceo is responsible for ensuring that this process takes place each year. The procredures as per the conflict of interest policy are as follows. Actual or potential conflicts of interest must be disclosed to appropriate management personnel, human resouces and/or the compliance officer or designee. Team members must then seek guidance and appoval from appropriate management personnel before pursing any business or personal activity that may constitute a conflict of interest.”

“Compensation is reviewed by the full board and complete performance appraisals are done with the president. The performance appraisal process is led by the board chair. The review was completed in october 2024 with a compensation effective date of july 1, 2024. The process described here was last completed in 2024.”

“Residents are provided disclosure statements that these forms are available upon request.”

“The organization makes its governing documents, conflicts of interest policy, and financial statements available upon request, and are provided to the pennslyvania department of insurance and residents with disclosure statements.”

“Other fees: program service expenses 1,674,623. Management and general expenses 587,635. Fundraising expenses 12,811. Total expenses 2,275,069.”

“Change in fair value of interest rate swap 332,486.”