The Nebraska Masonic Home Foundation

“The form 990 will be provided by the controller to the board of directors, executive director of the home, and administrator. If there are no questions or concerns the board will approve the form 990. All questions or concerns will be addressed prior to the approval of the form 990.”

“Per the conflict of interest policy, periodic reviews are done by the executive committee of the board of trustees to ensure that the foundation operates in a manner consistent with its charitable purposes and that it does not engage in activities that could jeopardize its status as an organization exempt from federal income tax. These periodic reviews shall, at a minimum, address whether transactions and arrangements into which the foundation enters are reasonable and the result of arms-length bargaining, conform to written policies, are properly recorded, reflect reasonable payments for goods and services, further the foundation's charitable purposes and do not result in a conflict of interest.”

“The foundation executive director's salary is determined by board of directors for the nebraska masonic home. An annual cost of living increase is provided if the board approves. The foundation administrative assistant's starting pay is based on pay scales that have been built for each hourly position. After a particular amount of time, the employee will move up the pay scale. Cost of living increases are also provided to hourly employees if approved by the board.”

“Made available upon request”

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

“The board of trustees assumes responsibility for oversight of the audit of its financial statements and the selection of an independent auditor. This process did not change from the prior year.”