Ablelight Foundation Inc

“AbleLight Inc elects the AbleLight Foundation directors.”

“As provided in the bylaws, during the relevant tax year changes to the bylaws could not be made without the concurrent approval of the Board of Directors of AbleLight Inc.”

“The form 990 was prepared by staff of the parent corporation and reviewed and approved by its 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 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 chief legal officer, the chief financial officer, the chief operating officer, the chief human resources officer, the chief advancement officer 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-numbered 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-numbered 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 reports 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 website (http://ablelight.org) and to the public upon request.”

“The stated purpose of ablelight foundation inc. Per article viii, section 1 of its articles of incorporation is "to solicit, hold, manage, invest and expend endowment funds and other gifts, grants and bequests, whether consisting of real or personal property, and whether subject to directions or conditions imposed by donors, exclusively for the maintenance and benefit of ablelight inc. Of watertown, wisconsin and such of its charitable, religious or educational programs or activities as the board of directors of this corporation from time to time deem to be suitable and appropriate." the ablelight foundation is proud to have been able to support ablelight in accomplishing the following goals in the year ending august 31, 2024: ablelight provides services for people with intellectual and developmental disabilities. These services are intended to meet the needs of the whole person and promote their ability to live as independently as possible. Guided by christian love and drawing from over 120 years of experience, ablelight strives to address the social challenges faced by individuals with developmental disabilities. Ablelight programs aim to empower and support this community, using a wholistic approach to overcome the barriers of social challenges and promote independence. Through these programs, ablelight aspires to create lasting positive change, championing a world where everyone, regardless of ability, can thrive and contribute meaningfully to their communities. Ablelight provides safe and loving homes, including group homes, with care provided by direct support professionals. Ablelight also provides shared living services, which match a family with a person who has a developmental disability. With ablelight's guidance, the provider supports their daily living needs by residing together. Supported living is another option offered by ablelight, designed to help individuals with developmental disabilities live more independently while ensuring they receive the necessary support to maintain their sense of security and well-being. Other services offered by ablelight include employment services that help individuals with disabilities develop the skills needed to secure and maintain meaningful employment. These services take many forms. Ablelight operates day programs where people with developmental disabilities can engage with the community, develop meaningful skills and build friendships. For families struggling with a loved one's behavioral challenges, ablelight offers therapists through its behavioral supports program to provide expertise and solutions. Ablelight also provides devotional resources for people of faith and offers disability awareness materials. Ablelight relies on an active corps of volunteers to extend its reach. Ablelight operates thrift shops that employ people with disabilities, setting an example for other employers. The stores, staffed by employees (a significant portion of whom have developmental disabilities) and volunteers, provide affordable shopping options to families and to community members who want to give back.”

“Actuarial Change in Split Interest Agreements- Unrestricted $993,203 * Transfer of Assets to AbleLight Inc -$10,698,263. Total $-9,705,059”