Capitol Lakes Foundation Inc.

“The board of directors has an executive committee that consists of all the officers of the board and has the power to act only on those matters of routine business of the foundation for action between regular meetings of the board. The executive committee reports its actions to the board at the next regular meeting of the board.”

“Capitol lakes foundation, inc. Delegates management to capitol lakes, inc.”

“Capitol lakes foundation, inc. Has two classes of members. The sole class a member is capitol lakes, inc. The class b members consist of all residents of the continuing care retirement community operated by capitol lakes, inc. Who have paid all amounts due under their residence and care agreement and are not in default thereunder.”

“The class a member, capitol lakes, inc., elects the administrative representative to the foundation's board of directors and has the right to approve and remove all foundation directors. The class b members elect the resident representative to the foundation's board of directors.”

“Capitol lakes, inc.'s approval is required before the foundation may take any of the following actions: (a) taking corrective actions in the event the board of directors embarks upon actions that contradict the mission of the foundation or potentially are in violation of federal, state, or local law; (b) approving and removing foundation directors; (c) appointing outside auditors; (d) approving policies and procedures for the foundation; and (e) approving any amendments or alterations to, or repeal of, the bylaws or articles of incorporation of the foundation.”

“The form 990 was reviewed by the director of finance, cfo and board of directors.”

“The conflict of interest policy and questionnaire are sent to all board members and key employees annually. There are two policies related to conflicts of interest: 1) board of directors; 2)key employees, which identify the purpose, definitions, and procedures. If a conflict is self-identified by a board member or key employee in the questionnaire and/or meeting, procedures are followed and documented according to the policy.”

“All requests go through corporate counsel.”