Bethany Lutheran Foundation

“Healthcare of iowa took over management duties in fiscal year 2023.”

“The sole member of bethany lutheran foundation is bethany lutheran home, council bluffs, iowa, a 501 (c)(3) organization.”

“Bethany lutheran home has the power to elect or appoint the board of directors of the foundation.”

“Bethany lutheran home has the ability to create one or more classes of non-voting members, the right to appoint or remove directors, to approve any amendment of the articles or by-laws of the foundation, and to approve any dissolution, consolidation, or merger of the foundation, and to approve the incorporation of affiliated corporations of the foundation.”

“The organization does not have committees with broad authority to act on behalf of the governing body.”

“The form 990 is prepared by an independent public accounting firm with information provided by management. The foundation board members will each receive a copy of the 990 and vote to approve prior to its submittal.”

“The code of conduct policy covers the board of directors. The board of directors determine if a conflict exists among board members. The board would review actual conflicts among the board members. An interested person may make a factual presentation at the board or committee meeting, but after such presentation, he or she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement that results in the conflict of interest. An interested person shall not actively participate in the discussion of, or vote on, the transaction or arrangement that results in the conflict of interest, either formally at a board or committee meeting or informally through contact with individual board or committee members. The minutes of the board and all committees with board-delegated powers shall contain: a. The names of the persons who disclosed or otherwise were found to have a financial interest in connection with an actual or possible conflict of interest, the nature of the financial interest, any action taken to determine whether a conflict of interest was present, and the board's or committee's decision as to whether a conflict of interest in fact existed, and b. The names of the persons who were present for discussions and votes relating to the transaction or arrangement, the names of the persons who recused themselves from such discussion and votes, the content of the discussion, including any alternatives to the proposed transaction or arrangement, and a record of any votes taken in connection therewith. The organization also has a conflict of interest policy that it reviews with new employees prior to their employment start date.”

“The governing documents and financial statements are available to the public upon request.”