Lighthouse Guild International Inc

“The organization does not have any employees. Compensation is paid by lgi services, llc (ein #46-4232802), a disregarded entity of the jewish guild for the blind d/b/a jewish guild healthcare, a related 501(c)(3) organization. As a common paymaster, a portion of compensation has been allocated to the lighthouse guild international and other affiliates and reported as compensation of the reporting organization in part vii of form 990, column (d) and (f). The lighthouse guild international, inc. Compensation committee meets annually to review and approve all officers and key employees salaries. The ceo and coo signed five-year employment contracts effective april 1, 2020. An independent consulting firm was hired to perform a compensation study and survey for all lgi officers and key employees. The deliberation and decision were contemporaneously documented.”

“There are ten (10) members of the corporation (collectively, the "members"). Membership in the corporation is not transferable. Each member shall be committed to the furtherance of the purposes of the corporation and shall abide by the by-laws and all rules and policies of the corporation.”

“From and after january 1, 2022, if any member becomes incapacitated, dies, resigns or is removed by the other members, a successor shall be appointed by a majority vote of the total number of members, regardless of whether the vacancy related to a member who was previously a lighthouse appointee or guild appointee.”

“Any by-laws may be adopted, amended, modified, restated or repealed only by the member.”

“The form 990 is prepared by outside tax experts and reviewed by the finance department and the cfo before distributing to the full board for review and approval prior to filing with the irs.”

“THE ORGANIZATION'S CONFLICT OF INTEREST POLICY APPLIES TO ALL OFFICERS, DIRECTORS AND EMPLOYEES OF THE ORGANIZATION. A DISCLOSURE QUESTIONNAIRE CONCERNING FINANCIAL INTERESTS AND ANY OTHER POTENTIAL CONFLICTS OF INTEREST AND RELATED ISSUES IS COMPLETED BY EACH DIRECTOR, OFFICER AND EMPLOYEE ON AN ANNUAL BASIS. NOTWITHSTANDING SUBMISSION OF THE APPLICABLE QUESTIONNAIRE, EACH DIRECTOR, OFFICER OR EMPLOYEE HAS A CONTINUING DUTY TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST PROMPTLY UPON COMING INTO POSSESSION OF ANY INFORMATION CONCERNING A POTENTIAL CONFLICT OF INTEREST OR ANY CHANGES IN THE INFORMATION REQUESTED IN THE QUESTIONNAIRE. ANY POTENTIAL CONFLICT OF INTEREST SHALL BE DISCLOSED TO THE AUDIT COMMITTEE OF THE BOARD, OR, WHEN THE MATTER IS THEN UNDER CONSIDERATION BY THE BOARD OR THE EXECUTIVE COMMITTEE, TO THE BOARD OR EXECUTIVE COMMITTEE, RESPECTIVELY. NEITHER THE AUDIT OR EXECUTIVE COMMITTEE, NOR THE BOARD SHALL GENERALLY APPROVE ANY TRANSACTION GIVING RISE TO A POTENTIAL CONFLICT OF INTEREST. HOWEVER, IN EXCEPTIONAL CIRCUMSTANCES, THE AUDIT COMMITTEE, THE EXECUTIVE COMMITTEE OR THE BOARD MAY DETERMINE THAT BASED ON A CONSIDERATION OF PRICE, QUALITY, EXPERTISE AND OTHER RELEVANT FACTORS, THERE IS NO TRANSACTION THAT IS AVAILABLE OR FEASIBLE AS AN ALTERNATIVE TO THE PROPOSED TRANSACTION AND SUCH TRANSACTION IS FAIR AND REASONABLE AND IN THE ORGANIZATION'S BEST INTEREST. UNDER SUCH CIRCUMSTANCES, THE AUDIT COMMITTEE, THE EXECUTIVE COMMITTEE, OR BOARD MAY APPROVE SUCH TRANSACTION (SUBJECT, IN THE CASE OF THE AUDIT COMMITTEE, TO THE APPROVAL OF THE EXECUTIVE COMMITTEE OR THE BOARD). SUCH CONSIDERATION AND ACTION SHALL BE CONTEMPORANEOUSLY RECORDED AND SHALL BE REFLECTED IN THE APPROPRIATE MEETING MINUTES. A DIRECTOR, OFFICER, OR EMPLOYEE WITH A POTENTIAL CONFLICT OF INTEREST SHALL NOT BE COUNTED IN DETERMINING THE QUORUM FOR, SEEK TO INFLUENCE, PARTICIPATE IN, OR BE PRESENT DURING ANY DELIBERATIONS OR VOTE OF THE AUDIT COMMITTEE, EXECUTIVE COMMITTEE OR THE BOARD REGARDING THE TRANSACTION OR POTENTIAL TRANSACTION GIVING RISE TO THE POTENTIAL CONFLICT OF INTEREST. NEITHER THE AUDIT COMMITTEE, EXECUTIVE COMMITTEE NOR THE BOARD SHALL APPROVE ANY TRANSACTION GIVING RISE TO A POTENTIAL CONFLICT OF INTEREST BY LESS THAN A MAJORITY VOTE Of COMMITTEE (OR BOARD) MEMBERS PRESENT AT THE MEETING. THE DISCLOSURE OF A POTENTIAL CONFLICT OF INTEREST AND THE RESOLUTION OF SUCH POTENTIAL CONFLICT OF INTEREST SHALL BE RECORDED IN THE MINUTES OF THE MEETING OF THE AUDIT COMMITTEE, OR THE EXECUTIVE COMMITTEE OR BOARD AT WHICH THE MATTER WAS PRESENTED OR DISCUSSED.”

“Upon request, the organization will make available only those documents required to be disclosed under the public inspection laws.”

“The 2024 consolidating schedule of operations and change in net assets by program included in the consolidated audited financial statements for lighthouse guild international, inc. And affiliates includes a line item for intercompany program support. This line item on the consolidated audited financial statements is used to report the distribution of investment earnings from the parent company, lighthouse guild international (lgi), to support the programs of certain affiliated organizations. The total amount distributed by lgi during 2024 was $15,145,000, broken out as follows: - the jewish guild for the blind: $2,259,000 - jgb rehabilitation corporation: $8,379,000 - jgb mental health & mental retardation services, inc.: $2,614,000 - lighthouse international: $1,893,000”

“The majority of lighthouse guild international, inc.'s services are provided with and through affiliates each of which files their own form 990. Lighthouse guild international, inc. Handles the management, marketing and fundraising for all of these affiliate corporations including the jewish guild for the blind d/b/a jewish guild healthcare, lighthouse international, guildnet, inc., jgb rehabilitation corporation, and jgb mental health and mental retardation services, inc.”

“The organization does not have any employees. Compensation is paid by lgi services, llc (ein #46-4232802), a disregarded entity of the jewish guild for the blind d/b/a jewish guild healthcare, a related 501(c)(3) organization. As a common paymaster, a portion of compensation has been allocated to the reporting organization and reported on lines 7-10 of part ix for compensation expenses.”

“RESERVE ON BALANCE DUE FROM AFFILIATES - 10503526; Total - 10503526;”