Kansas Elks Training Center for the Handicapped Inc

“A copy of Form 990 is presented to all members of the Board for review.”

“Per KETCH policy (14.1), no agreement, contract or otherwise binding exchange, either verbal or written, shall take place between a Board member(s) of KETCH that shall result in the unfair personal gain or reward to either party. Examples of such conflicts include but not limited to the following: Unfair awarding of construction contracts, discriminatory vendor selection, breaching of EEO/AAP recruitment practices, etc. KETCH bylaws provide conflict of interest rules for board members. Board members must sign a conflict of interest statement of understanding.”

“All compensation decisions for the President/CEO are made by the KETCH Board of Directors, all of whom are required to be independent for the organization and its employees. Compensation decisions upon initial hire are documented in the employment contract between the KETCH Board of Directors and the President/CEO. When the position is vacant, the Vice President of Human Resources assists the selection committee of the KETCH Board of Directors in determining desired range of base pay and benefits by providing them with market comparison data from similar organizations within the geographic area.”

“The governing documents, conflict of interest policy and financial statements are available to the public upon request at 1006 E Waterman Wichita KS 67211 or www.KETCH.org. Additionally, the following information is available online at www.KETCH.org: Notice of Privacy Practices, Accreditation information and the KETCH Annual report.”

“Effective January 1, 2023, the 15-year compliance period for Richmond Place, LLC lapsed and in accordance with the regulatory compliance agreement, the noncontrolling interest owners of Richmond contributed their interest to KETCH effectively eliminating the noncontrolling interest in Richmond. This transaction is reflected in the consolidated financial statements for the year ended June 30, 2023. In connection with this transaction, KETCH recognized an investment loss from the transfer of noncontrolling interest at net book value. As the noncontrolling interest of Richmond is included in the consolidated statement of financial position, this transaction was eliminated in consolidation. The transaction resulted in a decrease in KETCH's undesignated net assets without donor restrictions on the consolidated statement of financial position during the year ending June 30, 2023 and a corresponding increase in the net assets without donor restrictions attributable to noncontrolling interest in affiliates. The transaction is reflected in the change in net assets as part of the decrease in net assets attributable to noncontrolling interest on the consolidates statement of activities and changes in net assets for the year ended June 30, 2023.”