Bethany Methodist Corporation

“The form 990 is prepared by our internal accounting staff. A draft of the form 990 is provided to management for their review and comment. The board of directors is then provided with an approved copy of the form 990 before it is filed.”

“Members of the board of directors, corporate officers and key employees are required to avoid all situations that may, in fact or appearance, present as a conflict of interest. The corporate bylaws require that all actual, potential, direct, apparent and indirect conflicts be disclosed in full and in writing. An annual, formal, written disclosure statement is completed by all members of the board, corporate officers and key employees. Board members who believe they may be involved in a conflict of interest related to a particular issue will abstain from voting or taking other official action related to that issue. Corporate officers and key employees who believe they may be involved in a conflict of interest related to a particular issue will recuse themselves from taking any official action related to that issue. The board of directors retains responsibility for establishing any additional guidelines necessary to resolve a conflict of interest. Policies regarding potential conflicts of interest are included in the regularly-scheduled, formal review conducted through the corporate compliance program, which includes a compliance officer, compliance committee and external legal counsel.”

“The compensation of the ceo and cfo of this organization is paid by bethany homes & methodist hospital, a related tax-exempt entity.”

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

“Bethany methodist corporation (bmc) is a 126-year-old, faith-based, not-for-profit organization. It is the sole member of bethany homes and methodist hospital of chicago (bh&mh) and of chestnut square at the glen association (csg). The four divisions of bh&mh are: bethany retirement community and methodist hospital of chicago, both located in chicago, and the bethany terrace and terrace gardens assisted living in morton grove, illinois. Csg is located in glenview, illinois. Through its by-laws and in accordance with all legal requirements, bmc functions as the supporting parent corporation of these divisions. With this structure, bmc fulfills its mission of providing persons in its multiple service areas with quality physical and mental-health care, housing, and ancillary programs that demonstrate commitment to the medical, emotional, social, and spiritual needs of seniors and other vulnerable and/or indigent adults. Specialized programs are delivered in appropriate environments, and services are provided with dignity and respect, regardless of the client's color, creed or gender. Bmc's mission also includes education on health and aging issues, advocacy for its diverse populations, and responsible stewardship of resources in delivery of care and support to clients, civic groups, faith congregations and neighbors in the larger community.”