Broadmead Inc.

“The executive committee shall consist of those officers of the corporation who are trustees and three other trustees recommended by the committee on trustees and approved by the board. The chair of the board is the chair of the executive committee. The executive committee is authorized by the board to conduct routine time-sensitive business between scheduled meetings of the board. The executive committee is also authorized by the board to address issues of an emergency nature between scheduled meetings of the board. The executive committee shall report all actions taken at the next scheduled meeting of the board. All members of the board shall be given notice of the committee's meetings at the same time and manner in which notice is given to the committee members and shall be entitled to attend meetings of the executive committee.”

“The sole member of the corporation is friends care, inc., a maryland nonstock corporation (the "member").”

“All trustees shall be appointed and the class of each trustee shall be determined by the member, provided, however, that at all times at least a majority of the trustees must be members of the religious society of friends.”

“Action by the member: any action required or permitted to be taken at a meeting of the membership may be approved by the member at such meeting or without a meeting if a unanimous written consent which sets forth the actions is: (i) signed by the member; and (ii) filed with the minutes of the proceedings of the membership.”

“The form 990 is prepared by an independent accounting firm. The form 990 was reviewed initially by the treasurer/cfo and the entire board for accuracy and completeness. After review, comments were provided to the independent preparer to make adjustments. Once adjustments were made, a finalized copy was provided to the entire board prior to filing with the internal revenue service.”

“As part of broadmead's quaker religious tenets, the organization does not use checklists or require signatures on certain documents. There is a verbal and written acknowledgement of both independence and conflict of interest issues annually, which is reported to the committee of trustees. Trustees are required to report conflicts of interest or independence issues that arise during the year to the committee of trustees. The committee of trustees then determines whether a potential conflict is an actual conflict. When a conflict of interest is determined to exist, the interested party is not permitted to participate in deciding on the matter. This is addressed in the organizations bylaws and the board's conflict of interest policy.”

“The process used to determine the ceo's compensation is to use an independent consultant to periodically review compensation for similar executives. This information is provided to the executive evaluation and compensation committee, which consists of board members, and they determine whether the ceo's compensation is appropriate and recommend any change for the next fiscal year to the board of trustees. The executive evaluation and compensation committee presents their compensation recommendation to the full board through executive session. The deliberation and final decision by the board of trustees are timely and documented in the committee minutes. The ceo's compensaton was last reviewed in 2022.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Quarterly financial results are publicly posted in conjunction with 2018 bond requirements.”