Samaritan Bethany Foundation

“The organization has no committees with the authority to act on behalf of the governing body.”

“The finance committee reviews the form 990 and then presents it to the board of directors prior to submission to the internal revenue service.”

“The ceo is aware of the directors, officers and key employees interests and continuously monitors them. Should something come up and a vote is required, that person is asked to state their position and is asked to abstain from voting and/or excused from the room for the vote. The proceedings would be documented in the board meeting minutes.”

“The process used to set the administrator's, ceo's and cfo's annual salary is based on a combination of comparison to comparable organizations through use of our trade organizations annual compensation survey and attainment in the current year of predefined performance objectives set for the administrator, ceo, and cfo personally and the organization. Also, the state of minnesota has in most years determined an amount of pay increase, if any, that can be given to employees and we have also considered this amount in determining top management compensation. This process is normally done prior to the fiscal year start of october 1st each year.”

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

“Samaritan bethany foundation does not have any employees. The salary expenses on page 10 of the form 990 are amounts that are allocated to samaritan bethany foundation from samaritan bethany, inc. For samaritan bethany foundation's portion of the expenses.”

“The organization's board of directors assumes the responsibility for oversight of the audit of its financial statements and selection of an independent accountant. The process has not changed from the prior year.”