Southeast Missouri Behavioral Health Inc

“Burrell-preferred, inc., a related organization, hired gallagher to do a compensation review for executives in october 2023 and may 2024. The missouri behavioral health council (mbhc)sponsored a custom compensation and benefits survey performed by cbiz in 2024. The ceo compensation was approved by both the finance committee and the board.”

“The member shall have those reserved rights and powers described below: (a) to appoint the directors and to remove a director from the corporation's board of directors, with or without cause, whenever such action may be deemed by the member to be in the best interests of the corporation. (b) to approve any and all amendments to the corporation's articles of incorporation and bylaws of the corporation prior to such amendments being approved by the corporation's board of directors. (c) to consult with and assist the corporation with the development of the corporation's annual budget, financial management policies and procedures, health care and quality policies and procedures and other operational policies of the corporation. Approval of the member is required for the following actions: (a) addition, substitution or admission of any new members, or the withdrawal or removal of any member, of or to the corporation. (b) the hiring or dismissal/discharge of the chief executive officer of the corporation. (c) final approval of the corporation's annual budget. (d) the incurrence by the corporation of any indebtedness in excess of $100,000, or pledging all, or substantially all, of the corporation's assets for any purpose. (e) the formation or dissolution of any subsidiaries of the corporation. (f) any act requiring the approval of the corporation's member under state or federal law. (g) any changes in the corporation's purposes, mission, or philosophy, or the corporation entering into any new line of business. (h) any act of the corporation requiring the member's guaranty or otherwise creating an obligation, directly or indirectly, of the member. (i) the approval or adoption of: (i) any plan of merger; (ii) any sale, lease, exchange or other disposition of all, or substantially all, of the corporation's property or assets; (iii) the cessation of operations of the corporation; (iv) the corporation entering into any management, administrative services, or similar agreement with any person or entity that provides for such person's or entity's management, direction, or control, whether directly or indirectly, over all, or substantially all, of the corporation's assets or operations; or (v) dissolution of the corporation. (j) the corporation becoming a member of a nonprofit corporation or acquiring stock, membership or any other equity interest in any for-profit entity. (k) the use by the corporation, or any third-party, of the member's name, mark, or logo, including, but not limited to, in social media or electronic, broadcast, online, or print media. (l) any alteration, modification, or cessation of corporation's status as an exempt entity under section 501(c)(3) of the internal revenue code, as well as any act that would impact the member's status as an exempt entity under section 501(c)(3) of the internal revenue code.”

“C.J. Davis and Adam Andreassen - Business relationship, MICHAEL SCHWEND AND ANDREW SCHWEND - Family relationship”

“The organization revised its bylaws during fiscal year 2024 to align with the changes following its acquisition by burrell-preferred, inc.”

“The sole member of the corporation is burrell-preferred, inc., a missouri nonprofit corporation doing business as brightli (the "member"). The member is exempt from federal income tax under section 501(c)(3) of the internal revenue code.”

“The form 990 is prepared by an independent accounting firm based on the audited financial statements and information provided by the accounting department of the organization. Prior to filing, a tentative draft of the 990 is reviewed by the system director of finance, the vice president of finance, the executive vice president of finance, the chief financial officer, and the president/ceo before being provided to the board of directors. The 990 is emailed to the board of directors for review before filing.”

“The board of directors shall promulgate and enforce effective conflict of interest policies in accordance with section 355.416 of the revised statutes of missouri, or any successor section, which shall require prompt disclosure of any actual or potential conflict of interest on the part of any director and any employee of the corporation. Such policies shall require each director and all management employees to disclose fully and frankly to the board any and all actual or potential conflict or duality of interest or responsibility and financial interests whether individual, personal, or business, which may exist or appear as to the corporation or any matter or business which may come before the board of directors or a committee thereof at any time prior to action thereon. After disclosure of such interests and all material facts, and after any discussion with the interested person, the board of directors, absent the interested person, shall determine whether a conflict of interest exists. Ordinarily the interested person will leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the conflict of interest.”

“The organization's governing documents, conflict of interest policy, and financial statements are made available upon request. Additionally, financials are made available at each board meeting.”

“The contract with the federal bureau of prisons for federal residential re-entry center ended may 2023.”

“Fair Market Value Adjustments During Acquisition - 2309797;”