Immanuel

“The board of directors may establish an executive committee which consists of two or more directors and may exercise the authority of the board of directors to the extent provided in the resolution. The executive committee has the power to transact all regular business of the corporation during the interim between meetings of the board of directors, provided that any action which it takes does not conflict with the policies and express wishes of the board. The executive committee presents the minutes of its meetings and reports at the next succeeding meeting of the board of directors.”

“The synod council of the nebraska synod of the evangelical lutheran church in america (elca) elects one-third of the directors of immanuel and must confirm the other two-thirds of elected directors before they take office. Additionally, the bishop of the nebraska synod of the elca is a voting ex officio member of the board.”

“The synod council of the nebraska synod of the evangelical church in america must approve any amendment to the articles or bylaws of immanuel. Therefore, any changes to the governing documents that impact the governance of the organization must be approved by the synod council of the nebraska synod.”

“The board of directors are provided a copy of the form 990 prior to filing with the irs. The form 990 is reviewed by the cfo and controller.”

“The board of directors must annually review and complete the conflict of interest policy and disclose all conflicts. The governance committee decides what actions will be taken concerning any conflicts. A board member is prohibited from voting on any business matters related to any conflict the governance committee has identified with respect to that board member.”

“Compensation for the president and ceo is reviewed and approved by the board of directors on an annual basis. The organization uses market-based compensation studies, reviews job descriptions and interviews outside human resource consultants for comparability data. The review and approval is documented in the personnel file. Compensation for other officers and key employees of immanuel is completed by the president and ceo on an annual basis. The organization uses market-based compensation studies, reviews job descriptions and interviews outside human resource consultants for comparability data. The review and approval is documented in the personnel files.”

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

“The amounts paid to independent contractors by immanuel and related organizations are reported by immanuel in part vii, section b, but are allocated to each respective organization for purposes of reporting on part ix, line 11. The allocation is based on the amount of services provided to each organization.”

“Immanuel is the sole member of immanuel retirement communities, immanuel home and community resources, immanuel long term care, immanuel community vision foundation, and irc ii, inc. Immanuel issues the form w-2 for all the employees, including the officers, of each of these organizations. Because immanuel is reimbursed for the salaries and benefits of these employees and officers by each of the organizations, the expenses for the reimbursed salaries and benefits are reflected on each of the organizations' form 990 in part ix, statement of functional expenses, lines 5-7, and not on immanuel's form 990, part ix, lines 5-7.”

“Immanuel is the sole corporate member of immanuel retirement communities (irc), immanuel home and community resources (ihcr) and subsidiaries, immanuel long term care (iltc), immanuel community vision foundation (icvf), and irc ii, inc.; all not-for-profit organizations. Immanuel provides management services, including executive, accounting, information technology, compliance and human resources, to all of these organizations. For the year ended june 30, 2023, the following organizations reported functional expenses as follows: immanuel retirement communities: - program service: $43,927,985 - management & general: $4,320,602 immanuel home & community resources: - program service: $2,241,713 - management & general: $1,698,886 pace iowa (subsidiary) - program service: $41,036,321 - management & general: $4,731,863 pace nebraska (subsidiary) - program service: $22,013,060 - management & general: $2,348,964 immanuel long term care: - program service: $24,912,593 - management & general: $3,270,903 immanuel community vision foundation: - program service: $2,885,236 - managment & general: $527,259 irc ii, inc.: - program service: $16,763,891 - managment & general: $3,934,440”

“The board of directors assumes the responsibility for oversight of the audit of immanuel's financial statements and selection of an independent accountant. This process did not change from prior years.”