Bethesda Lutheran Communities Inc

“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.”

“Each november, every director is required to assess the potential 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 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 supports and services to adults with intellectual and developmental disabilities across the u.s. Ablelight focuses its efforts on three specific areas: safe and loving homes, 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.”

“Fees for services other: program service expenses 14,859,899. Management and general expenses 290,746. Fundraising expenses 373,436. Total expenses 15,524,081.”

“Change in net assets of foundation, hud companies and ablelight cornerstone -6,769,537. Change in net assets of foundation (restricted) 737,599. Actuarial change in split interest agreements (unrestricted) -33,405. Restricted investment income termination of pension plan transfer of assets to foundation 14,469,200. Debt forgiveness 7,737,304.”