Bethany Foundation Incorporated

“The finance committee reviews the form 990 before presenting the 990 to the board of directors for approval to file.”

“The conflict of interest statement is directed not only to directors and officers, but to all employees who can influence the actions of bethany home, inc. This would include all who make purchasing decisions, all persons who might be described as "management personnel, and anyone who has proprietary information concerning bethany home foundation, inc. It is assumed that the directors, officers, and management employees will recognize conflicts of interest with any persons or firms mentioned in the polciy. It is the policy of the board that the existence of any interests described in the policy shall be disclosed before any transaction is consummated. It shall be the continuing responsibility of the board, officers, and management employees to scrutinize their transactions and outside business interests and relationships for potential conflicts and immediately make such disclosures. Disclosure in the organization should be made to the administrator/ceo (if she/he is the one with the conflict, then the board chair), who shall bring the matter to the attention of the board. Disclosure invovling directors should be made to the board chair (if she/he is teh one with the conflict, then the board vice-chair) who shall bring these matters to the board. The board shall determine whether a conflict exists and in the case of an existing conflict, whether the contemplated transaction may be authorized as just, fair, and reasonable to bethany foundation, inc. The decision of the board on these matters will rest in their sole discretion, and their concern must be with the welfare of bethany foundation, inc. And the advancement of its purpose.”

“Bethany foundation, inc. Makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Administration Fee: Program service expenses 8,353. Management and general expenses 0. Fundraising expenses 0. Total expenses 8,353.”

“Equity Transfer to Bethany Home, Inc. for Pastoral Care and Investments -465,637. Equity Transfer from Bethany Home, Inc. for foregiveness of liability owed 12,184.”