Aventur Inc

“The board of directors is authorized by the organization's bylaws to establish an executive committee and other committees as needed. If an executive committee is created, it consists exclusively of board members, with at least three directors serving on the committee. This committee may exercise the powers of the board between meetings, except for certain matters that, by law or by specific reservation in the bylaws, remain solely within the board's authority. These exceptions include filling vacancies on the board or its committees, adopting, amending, or repealing the articles of incorporation or bylaws, approving transactions outside the ordinary course of business, and setting compensation for directors. The board retains the right to further limit the committee's authority by resolution, and all such committees serve at the pleasure of the board, which may remove them at any time, with or without cause. Any vacancies on the committee may only be filled by the board itself. Committees act only during the intervals between board meetings and are always subject to the board's control and direction. Actions taken by the committee require the approval of a majority of its authorized members. No non-board members are permitted to serve on these committees, and the scope of their authority is strictly limited to what the board delegates. Third parties are entitled to rely on the committee's actions, provided those actions are within the authority granted by the board.”

“Prior to filing, the form 990 was reviewed by the cfo and uploaded to a secure board portal for review by the board of directors at the next available board meeting subsequent to filing, the 990 is presented and discussed.”

“Aventur, inc. Has a written conflict of interest policy covering directors, officers, committee members with board-delegated powers, and other persons with substantial influence. Covered individuals must disclose actual or potential conflicts and all material facts to the board or relevant committee. After disclosure, the interested person leaves the meeting while qualified, non-conflicted members determine if a conflict exists. If a conflict is found, the board or committee considers alternatives and determines whether the transaction is fair, reasonable, and in the organization's best interest. Interested persons are prohibited from participating in deliberations or voting on the transaction. All proceedings, disclosures, and decisions are documented in meeting minutes.”

“The organization engages a third-party compensation consultant with specialized experience and knowledge in the senior living and health care industries to review executive compensation. The consultant utilizes multiple objective data sources, including industry compensation studies and forms 990 from comparable organizations, and prepares a comprehensive compensation report for review by the board of trustees. Ceo, cfo and coo compensation is reviewed annually by the independent compensation consultant and presented to the board of trustees. The board of trustees will approve compensation adjustments for the ceo and the ceo will approve compensation adjustments for the cfo and coo. The review process and supporting documentation are maintained in the organization's records. Compensation for other officers and key employees is reviewed annually by the ceo in collaboration with the compensation consultant and cfo. This review is informed by multiple data sources, including independent compensation studies and market benchmarks, and supporting documentation are maintained in the organization's records. The process described above last took place in 2024.”

“The organization's conflict of interest policy, financial statements and governing documents are made available to the public upon request.”

“Consulting: program service expenses 0. Management and general expenses 73,224. Fundraising expenses 0. Total expenses 73,224.”

“Transfer from cactus sky 198,826.”

“The process for oversight and selection of an independent accountant has not changed from the prior year.”