The Village at Providence Point Inc

“National lutheran, inc. (ein 47-2584315), the parent entity, provides financial and management functions for the organization.”

“National lutheran, inc. Is the sole member of the filing organization.”

“National lutheran, inc., the sole member of the village at providence point, inc., has the right to vote and elect members of the filing organization's board of trustees. The member also reserves the right to remove any trustee with or without cause.”

“Approval of the following matters is reserved exclusively to the membership. The membershipmay initiate and implement any proposal with respect to any of the following and, if any proposal with respect to any of the following is otherwise initiated, it shall not become effective unless approved by the membership. A. Approval of the role and/or mission statement, if any; b. Approval of operating and capital budgets; c. Approval of amendments to the articles of incorporation or bylaws; d. Approval of all expenditures, contracts or the incurrence of debt in excess of $100,000.00 that have not been included in an approved operating or capital budget; e. Approval of and recommendations for the formation of legal entities, the sale, transfer or substantial change in use of all or substantially all of the assets, divestitures, dissolutions, closures, mergers, consolidations, or changes in corporate membership; f. Liquidation, dissolution, winding up or abandonment of the corporation; g. Approval of strategic plans; h. Selection of the corporation's executive director; i. Selection of the auditor for the corporation; j. Approval of all decisions regarding the management of the corporation's investment portfolio.”

“The finance department staff of the parent, national lutheran, inc. Performs an initial review of the form 990. Upon approval, the form 990 is made available to each board member for review and approval at a board meeting prior to transmission of the return to the irs. National lutheran, inc.'s board will receive a copy of the return prior to the irs filing as well.”

“Board members and key employees sign a conflict of interest statement each year. If a conflict is identified, it is 1) identified and discussed with the board and 2) reviewed and documented by management. If an actual or potential conflict is identified, the board member, officer, or employee will recuse him or herself from any conversations, decisions, or other activities and discussions involving the conflict. Family and business relationships are expressly mentioned in the conflict of interest policy as potential sources of conflicts with interested persons.”

“The organization's ceo is paid by national lutheran, inc. (nli). Nli's board determines the compensation for the ceo through the combined use of several methods. The nli executive committee serves as a compensation committee which oversees the process. The ceo, executive director, and vice president of talent & culture use salary surveys to determine the compensation for other officers and key employees to assure they are within the local market range. The services the individual provides to the organization and the tenure of the officer are also factors considered in salary determinations. Once the executive committee gives its approval, its decisions are noted at the board level.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request and at no cost.”