Blue Valley Lutheran Homes Society Inc

“Bvlh contracts with a public accounting firm for the preparation of the form 990. The director of accounting will review the form 990 prior to filing. A copy of the completed return will be provided to the board of directors before filing, and the board will review the form 990 at the next regularly scheduled board meeting.”

“1. Duty to disclose 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 the committees with governing board delegated powers considering the proposed transaction or arrangement, 2. Determining whether a conflict of interest exists after disclosure of the financial interest and all material facts and after the discussion with the interested person - the director or committee member shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. 3, procedures for addressing the conflict of interest: a, an interested person may make a presentation at the governing board or committee meeting, but after the presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. B, the chairperson of the governing board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. C, after exercising due diligence, the governing board or committee shall determine whether the organization can obtain, with reasonable efforts, a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. D, if a more advantageous transaction is not reasonably possible under circumstances not producing a conflict of interest, the governing board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the organization's best interes'r, for its own behalf, and whether i'r is fair and reasonable. In conformity with the above determination, it shall make its decision as to whether to enter into the transaction or arrangement. 4. Violations of the conflicts of interest policy: a. If the governing board or committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it shall inform the members of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. B. If, after hearing the member's response and after making further investigation as warranted by the circumstances, if the governing board or commit'l'ee determines the member has failed to disclose an actual or possible conflict of interest, it shall take the appropriate disciplinary and corrective action.”

“All bvlh board members shall serve without compensation. The president/ceo of bvlh shall be responsible for establishing wages, salaries, benefits and raises for all employees, subject to board approval. The executive committee at ltc midwest, llc shall annually determine the salary, benefits and severance package for the president/ceo of bvlh. The president's compensation must meet the fair market value test, and comparability test for similar positions in not-for-profit organizations. The president's compensation shall be evaluated annually.”

“Bvlh does not make its governing documents, conflict of interest policy or financial statements available to the public.”

“Repairs & maintenance: program service expenses 61,367. Management and general expenses 8,621. Fundraising expenses 0. Total expenses 69,988. Dues & subscriptions: program service expenses 428. Management and general expenses 33,712. Fundraising expenses 0. Total expenses 34,140. Consulting services - erc: program service expenses 0. Management and general expenses 27,447. Fundraising expenses 0. Total expenses 27,447. Telephone: program service expenses 0. Management and general expenses 25,180. Fundraising expenses 0. Total expenses 25,180. Fundraising: program service expenses 0. Management and general expenses 0. Fundraising expenses 16,286. Total expenses 16,286. Pharmacy: program service expenses 5,762. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,762. Vehicle: program service expenses 1,413. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,413.”

“There were no changes from the prior year.”

“The audited financial statements were not completed at the time of the 990 preparation. The financial statements will be completed early june 2025.”