Benjamin Rose Institute on Aging

“Page 6, part vi, section c, #19 the organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Page 6, part vi, section b, #12c the organization distributes conflict of interest statements that the board members and officers sign and return on an annual basis. In addition, all staff are required to sign the organization's corporate compliance statement annually as part of its corporate compliance program.”

“Page 6, part vi, section b, #11b the form 990 will be forwarded to all board members at the board meeting preceeding the filing date. At that time, a review of the form 990 will commence and any recommended changes will be made prior to filing with the irs.”

“PAGE 6, PART VI, SECTION B, #15A & 15B The HUMAN RESOURCES department provides the board chair with salary INFORMATION from similar organizations. The chair then reviews this INFORMATION with the board's executive committee when implementing annual salary and benefit increases for the president and CEO. The president and CEO reviews the organization wide data, which includes officers and key employees. ALL PROCESSES ARE DOCUMENTED AT THE TIME THE DECISIONS ARE MADE.”

“PAGE 12, PART XI, #9 Other changes in net assets or fund balances: BENEFICIAL INTEREST IN CHARITABLE PERPETUAL TRUSTS $(22,036,063) Transfer of net assets to related affiliates 3,561,462 --------------- $(18,474,601)”

“SCHEDULE D, PART IX, #1 The Organization has been named as sole or partial beneficiary in certain perpetual trusts. The fair value of that beneficial interest has been measured and recorded as an asset on the books of Benjamin Rose. This fair value is adjusted each quarter based on the assets reported in the trusts. Distributions from the trusts to Benjamin Rose are recorded as income when received. Due to the size of these trusts and related distributions, the value of annual distributions received are also reported on Schedule B, the Schedule of Contributors and totaled $5,449,113 in 2022.”

“Form 990, Page 2, Line 3 Effective January 1, 2022, Eldercare Services Institute, LLC and Rose Centers for Aging Well, LLC, both single member LLCs, elected to be treated as Corporations. In addition, the entities elected and received exemptions from income taxes on related income pursuant to Section 501(a) of the Code. In prior years, they were reported on the same form as Benjamin Rose Institute. Going forward, they will file separate Form 990s.”

“Description:it purchased services total fees:319328”

“Description:grant purchased services total fees:12858”

“Description:other professional fees total fees:898373”