Colony Care Senior Living Inc

“The organization pays mason wright foundation, inc. For management services. Management services included, but were not limited to, supervising personnel, planning and executing budgets and financial operations, and supervising exempt operations. In 2024, $306,611 was paid for management services.”

“The mason wright foundation, the supporting organization, is the sole member.”

“The members shall have the right to vote for the election of directors, the mason wright foundation appoint the directors of the board.”

“All decisions are subject to approval by the mason wright foundation.”

“The form 990 is prepared by an independent accounting firm and then the board delegates the finance committee with responsibility for the review of the form 990. A complete copy of the form 990 is provided to the board prior to filing with the irs.”

“Annually, officers shall disclose family and/or business relationships with other officers. Annually, trustees shall disclose family and business interests that could arise to a conflict of interest. A report of such disclosure(s) shall be made to the full board of trustees, and said report shall be appended to the minutes of the meeting at which the report is made. No conflict of interest exists when, after full disclosure of the potential conflict, the board or management undertakes an action that provides fair and reasonable exchange of goods and services. If a potential or actual conflict were to arise the individual(s) involved would abstain from any discussion or vote relating to the matter.”

“Alan popp, president & ceo, and william hawkins, chief financial officer, perform management duties, but their salary and benefits are paid out of a related organization, mason wright foundation, inc., and a portion of their salary and benefits is reimbursed by the filing organization through the management fee. The related party compensation review process includes, but is not limited to the use of the following: (1) independent compensation consultant, (2) compensation survey or study and (3) approval by the board. The deliberation and final decision are timely documented. The process described here was last completed in 2024.”

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

“The number of employees listed as being on form w-3 is the total employee count for the filing organization. This includes the executive director that is included in the related organization's form w-3 as the common paymaster and whose salary is reimbursed by the filing organization through the management fee.”