Bethany Methodist Corporation

“The Executive Committee shall include the President of the Corporation, Ex-Officio and such other members as shall be appointed by the Board of Directors. The Executive Committee shall have the authority of the Board of Directors between meetings of the Board of Directors. The minutes of the Executive Committee shall become a part of the official record of the Board of Directors. It shall be the duty of the Executive Committee to see that all rules and regulations adopted by the Board of Directors are faithfully executed by Committees and Administrative Officers of the Corporation. The Executive Committee may recommend policies and new rules and regulations to the Board of Directors for their review and acceptance.”

“The Organization filed Articles of Dissolution on December 29, 2023.”

“The completed Form 990 is reviewed by management and a copy of the Form 990 is provided to the governing body prior to filing the return with the IRS.”

“Members of the Board of Directors, Corporate Officers, and employees are required to avoid all situations that may, in fact or appearance, present as a conflict of interest. Corporate bylaws require that all actual, potential, direct, apparent, and indirect conflicts be disclosed in full and in writing. An annual, formal, and 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 given issue are required to 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 oversight by the organization's Compliance Officer, the Compliance Committee, and External Legal Counsel.”

“The compensation for the President/CEO is determined by a related entity, Bethany North Suburban Group. The Executive Committee of the BNSG Board of Directors, led by the Chair of the Board of Directors reviews and approves annual objectives established by the President/CEO and Leadership Team of BNSG. These objectives are presented to the Board on an annual basis for their approval. The top management official's (the President/CEO) salary was determined after examination of comparability data and ensuring that compensation was granted in compliance with regulatory and ethical standards as well as industry norms. Recommendations for compensation are reviewed on an annual basis and adjusted in accordance with job expectations and successful completion of agreed upon goals and objectives.”

“These documents are available to the general public as provided for under the respective federal regulations.”

“Bethany Methodist Corporation (BMC) is a 130-year-old faith-based, non-profit organization. It is the sole member of Bethany Homes & Methodist Hospital of Chicago (BH&MH) and of Bethany North Suburban Group (BNSG). BNSG is located in Glenview, IL. The two divisions of BH&MH are Bethany Retirement Community (BRC) and Methodist Hospital of Chicago, both located in Chicago, IL. Through its bylaws and in accordance with all legal requirements, BMC functions as the supporting parent corporation of these divisions. Through this structure, BMC fulfills its mission of providing individuals in its service areas with quality physical- and mental-health care, housing, and ancillary programs that demonstrate commitment to the medical, social and spiritual needs of seniors and vulnerable adults of all ages. Specialized programs are delivered in appropriate environments, and services are provided with dignity and respect, regardless of the client's race, color, national origin, religion, sex, sexual orientation, gender identity, ethnicity, socio-economic background, age, handicap, or disability. BMC's mission includes education on health and aging issues, advocacy for its diverse clientele, and responsible stewardship of resources in delivery of care and support for clients, civic groups, faith congregations, and neighbors in the larger community.”

“Bethany Methodist Corporation dissolved during the fiscal year.”