Episcopal Retirement Services

“As provided in section 1702.14 of the ohio revised code, the members of episcopal retirement services (ers) shall consist of the individuals serving from time to time as members of the board of directors of ers who shall have all the rights and privileges of members set out in the ohio nonprofit corporation law. A director shall cease to be a member when he/she ceases to be a director.”

“The bishop of the episcopal diocese of kentucky has the power to appoint one board member. All other board members are elected by the board of directors.”

“All decisions of the governing body are subject to approval by the members, which make up the board of directors.”

“The form 990 is prepared by an independent accountant and reviewed and approved by the episcopal retirement services (ers) cfo. The 990 is then shared with the ers finance committee and the episcopal retirement services board prior to submission.”

“Episcopal retirement services (ers) has a written conflict of interest policy. On an annual basis, all directors, officers, and key employees of the organization are required to complete a conflict of interest statement. The ceo's executive secretary is responsible to ensure all individuals respond to this annual request. In addition, every ers staff member is required to complete a conflict of interest statement as part of their annual performance evaluation.”

“Episcopal retirement services makes its financial statements available to the public through the use of the episcopal retirement services website.”

“The episcopal retirement services governing documents and conflict of interest policy are available upon request for the same period of time as set forth in the internal revenue code section 6104(d).”

“Health services: program service expenses 8,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 8,000. Consulting: program service expenses 831,611. Management and general expenses 0. Fundraising expenses 0. Total expenses 831,611. Management fee: program service expenses 765,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 765,000. Management fee: program service expenses 400,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 400,000.”

“Partnership income from k-1s not included in financial statements -27,071. Other changes in net assets -378,513. Transfer from unrestricted ersf -79,919.”