Peace Life Care System Nfp

“Peace village is the organization's sole member.”

“Peace village may elect one or more members of peace life care system's governing body.”

“Certain decisions of the peace life care system governing body may be subject to approval by the members of the peace village governing body.”

“The board retains the services of an independent cpa firm to prepare the organization's form 990. Management reviews the completed form 990. A copy of the full 990 is provided to all voting members of the governing body prior to filing. The governing body is provided a reasonable amount of time to review the return and ask questions directly to organization management or the contact at the independent cpa firm prior to filing.”

“The board of directors completes and annually reviews conflict statements each january. Depending on the specifics of the conflict, various actions could be taken with the goal of eliminating the conflict. An interested person may make a presentation at the board or committee meeting, but after such presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement that results in the conflict of interest. The chairperson of the board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the board or committee shall determine whether the corporation can obtain a more advantageous transaction or arrangement with reasonable efforts from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably attainable under circumstances that would not give rise to a conflict of interest, the board or committee shall determine by a majority vote whether the transaction or arrangement is in the organization's best interest and for its own benefit and whether the transaction is fair and reasonable to the organization and shall make its decision as to whether to enter into the transaction or arrangement in conformity with such determination.”

“Compensation review procedures were performed by a related organization, peace village. Peace village used the following methods to establish compensation of the organization's ceo: independent compensation consultant, compensation survey or study and approval by the board.”

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