The Beacon Institute Inc

“The sole voting member of the beacon institute is mid-atlantic lifespan, inc., a related tax-exempt organization.”

“Mid-atlantic lifespan, inc. Has the right to elect the board of directors of the beacon institute and to approve board of director nominees.”

“A vote of mid-atlantic lifespan at a meeting shall decide any question brought before the meeting. Upon the written consent of mid-atlantic lifespan, the bylaws may be amended or repealed, or new bylaws may be made and adopted by the directors.”

“The organization's director of finance and president review the return prepared by the audit firm prior to review by the finance committee. Once the review process has been completed, the return is presented to the board prior to filing. Form 990 is filed with the irs subsequent to board approval.”

“The organization has a conflict of interest questionnaire that each board member and senior management staff sign annually. Board members are required to disclose potential conflicts related to outside interests, outside activities, indebtedness, representation, personal benefit, inside information, gifts and gratuities, and any other conflicts which they have knowledge. The organization's president or her designee reviews the signed conflict of interest questionnaires and investigates any disclosed conflicts and the results of the investigation are communicated to the board. Any individual having a conflict is not allowed to vote, use personal influence or be present during board discussions of the matter.”

“The president is paid by mid-atlantic lifespan (a related tax-exempt entity). The executive committee reviews the goals and achievements of the president annually. They review compensation of comparable positions throughout the country and recommend a salary and benefit package annually that ensures no more than fair market value is paid for services rendered. The board approves the final package. The executive committee and the board are comprised of independent members and decisions concerning compensation are reflected in the committee and board minutes. The executive committee and board of directors would follow a similar set of procedures should the need to hire other key employees arise.”

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

“Process has not changed from prior year”