Ridgecrest Foundation

“The sole member of ridgecrest foundation, inc. (foundation) is christian retirement homes, inc. (crh), an iowa non-profit corporation and a related organization. As the sole member, crh elects the foundation's board of directors and has the right to approve certain decisions of the foundation's board of directors.”

“Christian retirement homes, inc. Elects the board of directors for ridgecrest foundation, inc.”

“The following decisions of ridgecrest foundation, inc.'s (foundation) board of directors must be approved by christian retirement homes, inc.'s board of directors prior to ratification: 1) an amendment or restatement of the articles of incorporation or by-laws; 2) plan of merger or consolidation of the foundation with any other entity; 3) approval of the sale, lease, exchange or other disposition of all or substantially all of the assets of the foundation; and 4) dissolution of, or enactment of a plan of dissolution of the foundation.”

“The organization's independent accounting firm will present and review the completed form 990 with the ridgecrest foundation,inc.'s board of directors and answer any questions prior to filing.”

“Any director, principal officer, or member of a committee with governing board delegated powers, who has a direct or indirect financial interest, is an interested person. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the finacial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon by the remaining board or committee members.”

“All compensation is paid by a related organization, christian retirement homes, inc., ein 42-0897875. Christian retirement homes, inc. Uses a formal process for evaluating the compensation of the organization's top management officials, officers, and key employees, which includes approval of salaries by the governing board and/or board committee.”

“The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request and at the discretion of the organization.”

“The purpose of the ridgecrest foundation is to generate resources to support and enrich the quality of life for the present and future residents at ridgecrest village, encourage a culture of caring, and promote the concept of philanthropy in our community.”