Norwegian Lutheran Bethesda Home Association

“Norwood management company provides strategic direction and critical management services including executive, administrative, and financial functions to norwegian lutheran bethesda home association.”

“The cfo reviewed the 990 and shares with the finance committee of the board of directors and it is distributed to all board members.”

“On an annual basis the policy is reviewed and all board members and key employees complete an updated conflict of interest disclosure. Any disclosures are reviewed by the executive committee of the board of directors. At each board meeting and committee meeting, the agenda is reviewed by all board members and staff. Any conflict of interest is disclosed and those with a conflict are not involved in any decision making regarding items of conflict.”

“The organization participates in a wage and benefit survey conducted by our state association (leading age illinois), this data is used to determine the compensation for management and key officials. The goal is to be within 10% of the mid point of compensation for our geographic area. 990s of other organizations within our industry are also reviewed for compensation data. The executive committee of the board of directors approves the ceo's salary. Other management and key official salaries are included in the budget which is approved by the board of directors and reviewed in detail by the ceo.”

“Summary financial information is included in the organization's annual report. Audited financial statements are provided to any party who makes a request. The governing documents and conflict of interest policy are available upon request and distributed to any party who makes an inquiry. Tax returns are available on guidestar and provided to anyone who makes a request.”

“Other professional fees: program service expenses 102,353. Management and general expenses 0. Fundraising expenses 0. Total expenses 102,353.”

“The process has not changed from prior years.”