Bethesda Lutheran Communities Inc

“Effective december 7, 2020, the corporation amended both its articles of incorporation and its bylaws to terminate the corporation's membership structure as described in explanatory content responding to part vi, section a, line 6. Those amendments made the board of directors the sole governing body of the corporation with the power to elect all of its members, with no decisions reserved to or subject to the approval of any other persons or body.”

“Before december 7, 2020, the articles of incorporation of ablelight inc. Formerly known as bethesda lutheran communities, inc. (the "corporation"), provided for both individual and congregational memberships. Any individual who is a comunicant member of a congregation affiliated with the lutheran church- missouri synod, the wisconsin evangelical lutheran synod, or the evangelical lutheran synod may become a member of the corporation upon application and payment of membership dues as fixed in the bylaws. Any individual member of the corporation as described above who shall not be more than six (6) months in arrears in dues and shall have attained the age of eighteen (18) shall be elegible to vote; and any voting member who shall have attained the age of twenty-five (25) shall be elegible to be elected as a director of the corporation. Any congregation affiliated with the lutheran church - missouri synod, the wisconsin evangelical lutheran synod, or the evangelical lutheran synod may hold an ablelight inc. Congregational membership in the corporation upon application and payment of congregational membership dues as fixed in the bylaws; a member congregation may be represented at the corporation meeting by one (1) elected representative. Any congregation which is not more than six (6) months in arrears in dues shall be entitled to have its representative vote. Effective, december 7, 2020, the corporation ended its corporate membership structure. Thereafter, the board of directors has operated as the sole governing body of the corporation with the power to elect all of its members, with no decisions reserved to or subject to the approval of any other persons.”

“See narrative for form 990, part vi, section a, line 6.”

“Before december 7, 2020, ablelight inc., formerly known as bethesda lutheran communities, inc., ("corporation") members had the following political rights: members have the right to vote in director elections; any substantive amendments to bethesda's articles of incorporation must be approved by its membership, wis. Stat. Section 181.1002 & .1003; bethesda members may compel a special meeting of the membership, if requested by 25 members; every director is required to be a member in good standing; and bethesda members may amend the bylaws at a regular annual or special membership meeting. Effective, december 7, 2020, the corporation ended its corporate membership structure. Thereafter, the board of directors has operated as the sole governing body of the corporation with the power to elect all of its members, with no decisions reserved to or subject to the approval of any other persons or body.”

“The form 990 was prepared by staff and reviewed and approved by the chief financial officer. The form 990 was then presented to the board of directors for review.”

“Annually each november, every director is required to assess the potential ablelight inc 39-0806446 for any conflicts of interest and sign a form that discloses whether the ableight inc director has any potential conflicts of interest. The organization's compliance and risk management team audits whether every director has submitted a signed conflicts of interest disclosure form and ensures that this is done annually for every director.”

“The board of directors executive committee serves as a compensation committee with the duty to review and make findings as to the reasonableness of (i) the compensation paid and benefits provided to the president and chief executive officer, and (ii) the recommendations of the president and chief executive officer for the compensation ranges and benefit levels for the executive vice president, the cfo, the coo and all other persons whom it determines to be in a position to exercise substantial influence over the affairs of the corporation within the meaning of section 4958 of the internal revenue code ("disqualified persons"). In doing so it (1) identifies all disqualified persons; (2) periodically (at least in every odd-number year) reviews and determines the reasonableness of the compensation and benefit levels of the president and chief executive officer; (3) periodically (at least in every odd-number year) reviews and determines the reasonableness of the recommendations of the president and chief executive officer for the compensation ranges and benefit levels of other disqualified persons; (4) considers all incentives, perquisites, deferred compensation and anything of value when considering the reasonableness of compensation or benefit levels; (5) obtains from sources outside the corporation objective, market comparable compensation and benefit level data; (6) documents its considerations and determinations in written reports; and (7) at least annually report its activities and ablelight inc. 39-0806446 findings to the board of directors.”

“The corporation's governing documents including conflicts of interest policy, 990 tax returns and current audited financial statements are available on the organization's public web site (http://ablelight.org) and to the public upon request.”

“Ablelight is a nonprofit, christian organization that provides industry-leading supports and services to people with intellectual and developmental disabilities across the u.s. Ablelight focuses its efforts on five specific areas: safe and loving homes, financial security, innovation and technology, faith and community connection, and independence and well-being. Together, these services meet the needs of the whole person. Ablelight believes the world shines brighter when people with disabilities achieve their full potential.”

“Change in net assets of foundation, hud companies and corner (unrestricted) 24,993,530. Change in net assets of foundation (restricted) 567. Actuarial change in split interest agreements (unrestricted) -82,869. Restricted investment income -2,751. Adjustment to unfunded pension liability 27,220,256. Transfer of assets from foundation -6,513,791.”