Manchester Bidwell Development Trust

“Committees appointed by the board of trustees, consisting of at least two trustees, shall have and exercise such authority of the board of trustees in the management of the business affairs of the organization as the board may specify from time to time. Any action taken by any committee shall be subject to alteration or revocation by the board of trustees.”

“Business relationship: william e. Strickland, jr., kevin jenkins, and mara bruce”

“The corporation has one member with full voting rights, which is manchester bidwell corporation (the "member"), a pennsylvania nonprofit corporation and a public charity exempt from taxation under section 501(c)(3) of the code. The privileges of the member may be exercised only by the board of directors of the member or such representative(s) of the member as may be designated for such purpose by the member in writing to the president or secretary of the corporation.”

“Under the terms of an endowment agreement, upmc health system has the right to appoint three board members. The organization's bylaws provide that its member, manchester bidwell corporation, has reserved powers to appoint the majority of the board members, however, said endowment agreement provides that three board members must also serve on the board of manchester development trust supported organizations, bidwell training center and manchester craftsmen's guild.”

“Manchester bidwell corporation, sole member, has the following authority: - the authority to appoint and remove a majority of the trustees and to approve the election of the remaining trustees and officers of the corporation; - the authority to approve policies and long-range strategic and financial planning of the corporation adopted by the board of the corporation; - the authority to amend the articles of incorporation and bylaws of the corporation; - the authority to approve budgets of the corporation adopted by the board of the corporation; - the authority to approve asset transfers by the corporation in furtherance of the purposes of the corporation; and - the authority to ensure that the corporation operates in accordance with its purposes.”

“The form 990 is reviewed in detail by the chief financial officer, senior director of finance, and the audit committee of manchester bidwell corporation. The audit committee is responsible for the approval of the form 990. The form 990 is provided to the board of directors prior to filing with the internal revenue service.”

“The conflict of interest form is regularly updated by the board of directors. Any relationship changes are reviewed for conflicts and adequately resolved.”

“Manchester bidwell development trust does not compensate the founder, ceo, or cfo who are reported in part vii. Compensation is awarded by mbc pursuant to a process that satisfies the requirements of the intermediate sanction's regulations. The methods used by mbc may include a review conducted by an independent person to ensure pay practices are reasonable within the range of typical market practices, and a survey including comparable data. This process is documented by mbc. The salary changes in fiscal year 2024 for the ceo and cfo were approved by an independent committee of the board.”

“All forms are available upon request.”

“In the fy24 tax year, an update was made to expense accounting fees in the year that the services are provided. In prior years, accounting fees had been accrued in the year to which the fees related. The change is consistent with gaap treatment. In fy23 the accounting fees had been over-accrued and required an adjustment in the current year. As a result, in fy24, accounting fees are reported lower than actual.”

“The process has not changed from prior year.”