Bethany First Steps

“The board of directors may, by resolution or resolutions passed by a majority of the whole board, appoint an executive committee and one or more other committees, each committee to consist of one or more directors of the corporation, which committees shall, to the extent permitted by law, have and may exercise such powers of the board of directors in the management of the business and affairs of the corporation as shall be delegated to them.”

“During the year, bethany first steps amended its articles of incorporation to designate bethany lutheran church as the sole member of the organization.”

“The corporation's sole member is bethany lutheran church of elkhorn, nebraska.”

“Bethany lutheran church, the sole member, has the power to elect the board of directors.”

“Bethany lutheran church, the sole member, must approve certain governance decisions of the organization. These governance decisions include: 1) any merger involving the corporation. 2) the sale, lease, exchange or other disposition of all or substantially all of the assets of the corporation. 3) the dissolution of the corporation. 4) any amendment or repeal of the bylaws.”

“The board of directors shall have the opportunity to review the irs form 990 each year before it is filed. Upon completion of the final draft of the form 990, a copy of the report will be sent via email to all board members prior to filing.”

“Each director, principal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person has received a copy of the conflict of interest policy, has read and understands the policy, has agreed to comply with the policy, and understands the organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. To ensure the organization operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews shall be conducted. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing body delegated powers considering the proposed transaction. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon.”

“Compensation for the director of the daycare facility will be set based on information about compensation paid by similarly situated taxable or tax-exempt organizations which offer daycare services in the region. The salaries for the director will be set by the board of directors.”

“Bethany first steps makes its governing documents, conflict of interest policy, and financials statements available upon request.”