Living Independence for the Elderly

“The organization has two members, mercy life center corporation (mlcc) and lutheran senior life, both exempt organizations under section 501(c)(3). Each member of the corporation is entitled to one vote on each matter before the members. The corporation is organized on a nonstock basis. Membership in the corporation is nontransferable and nonassignable, except to an affiliate of one of the existing members. No part of the earnings or assets of the corporation shall inure to the benefit of any private individual. In the event of dissolution corporate assets will be distributed equally to both members provided they are still exempt organizations under section 501(c)(3).”

“The draft form 990 is reviewed by the ceo, senior director of finance, and senior director of operations. Once reviewed by internal staff, the form 990 is emailed to each board member for review and comment prior to submission to irs.”

“All board members and employees are required to sign a statement annually, disclosing any potential conflicts of interest.”

“The compensation program is based on market analysis and years of experience matrix. Annual performance reviews are conducted, and merit raises are given as determined by the evaluation. Market reviews of individual positions are conducted as needed. The same process is followed for all staff at the organization. Ceo compensation requires board of director approval.”

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

“Consulting: program service expenses 45,000. Management and general expenses 86,842. Fundraising expenses 0. Total expenses 131,842. Temporary staff: program service expenses 358,167. Management and general expenses 0. Fundraising expenses 0. Total expenses 358,167. Medical professional fees: program service expenses 3,683,782. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,683,782. In home service: program service expenses 1,239,713. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,239,713. Purchased services: program service expenses 201,806. Management and general expenses 435,184. Fundraising expenses 0. Total expenses 636,990.”

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