Mather Lifeways

“Form 990, Part VI, Line 6 Mather Foundation is the sole member of the organization and in this capacity elects and removes the organization's directors and approves major actions of the organization.”

“Form 990, Part VI, Line 7a Mather Foundation is the sole member of the organization and in this capacity elects and removes the organization's directors whether periodically, or as vacancies arise, or otherwise.”

“Form 990, Part VI, Line 7b Mather Foundation is the sole member of the organization and in this capacity elects and removes the organization's directors and has the right to approve or ratify decisions of the organization's governing body.”

“Form 990, Part VI, Line 11b The Form 990, including schedules, was distributed to the members of the Audit Committee of the Board of Directors. The committee met with management and reviewed the Form 990. Subsequently, the Form 990 was distributed to each director. All comments and questions were directed to the organization's Chief Financial Officer.”

“Form 990, Part VI, Line 12c Annually all board members, officers and senior staff must disclose any interests that could give rise to conflicts. Any actual, potential, or apparent conflicts are referred to the CEO and President, the Board Chair and Chair of the Governance Committee, who take appropriate action, including discussing with the full Board, when necessary.”

“Form 990, Part VI, Line 15a Mather LifeWays follows procedures to establish the "rebuttable" presumption of reasonableness described in the Income Tax Regulations in determining executive compensation. Compensation is reviewed annually by the Board's Compensation Committee, which consists of independent directors who obtain and rely on appropriate data as to comparability. Objective evidence of reasonableness and comparability is obtained from information provided by an independent, third party compensation consultant. Determination of executive compensation involves benchmarking with comparative market compensation data to ensure that compensation is fair, equitable, and within the standards of compensation utilized within the industry. Compensation decisions include contemporaneous substantiation of the deliberation and decision, with decisions reviewed with the full board.”

“Form 990, Part VI, Line 19 The organization's articles of incorporation, bylaws, conflict of interest policy, and audited financial statements are available upon request.”

“Form 990, Part X Form 990, Part X is completed per the audited financial statement presentation. As such, the following capital lease amounts are not included on Form 990, Part X or Schedule D, Parts IX and X. Assets Lease Receivable $384,002,166 Liabilities Unearned Revenue 385,330,327 Intercompany payable - The Mather 5,095,476 Net Assets Current Year Net Income (3,217,742) Accumulated Prior Year Net Income (3,205,895)”

“Form 990, Part XI, Line 9 FASB 158 Pension Funding $ (523,931) Changes in Future Service Obligation 2,573,715 Changes in Split interest agreements (26,210) Book/Tax Difference: Capital Lease 3,217,742 Other Differences (323) ----------- Total 5,240,993”