Ingleside Presbyterian Retirement

“At times, the board will delegate authority to the executive committee, usually if the board is unable to meet as a whole. The executive committee is comprised of the chair, vice chair, chair emeritus, president/ceo, secretary and treasurer. All are members of the governing body.”

“Westminster ingleside king farm presbyterian retirement communities, inc. (45-3825159) is the sole member of the filing organization.”

“The board of the parent, westminster ingleside king farm presbyterian retirement communities, inc. (45-3825159), holds the power to elect, appoint, and remove members of the organization's board of directors. The residents of the community may elect one resident representative to the board of directors.”

“Westminster ingleside king farm presbyterian retirement communities, inc. The parent organization, has the power to act on behalf of the organization as well as the power to define the mission, policies, and retaining, evaluating, and setting compensation for the president/ceo. The authority for setting the compensation for the president/ceo rests with the executive committee of the parent organization's board. It also has the right to delegate any of its powers to the officers of the corporation.”

“The initial review is performed by the president, chief financial officer, and controller. Once the management team approves the draft, all board members receive a copy of the return for review. Board members may discuss corrections, revisions, and questions with management. Subsequent to board review the return is filed with the irs.”

“The written conflict of interest policy states that directors, officers, and all employees annually, or at any time that a situation arises, declare conflicts of interest. Not only actual conflicts but transactions from which a conflict may appear to exist are to be disclosed to the board chair or the foundation director. The board chairman, director, and president/ceo of the organization monitor conflict disclosures. Any director or officer for which a conflict may be involved is expected to remain removed from any discussions or decision-making related to the conflict. Business and family relationships are specifically mentioned in the conflict of interest statement as part of the due diligence the organization follows to ensure conflicts are handled in an ethical manner.”

“Copies of the organizations' governing documents, financial statements, and conflict of interest policy are kept in the libraries at each community. They are also available upon request.”

“Contract services: program service expenses 4,806,321. Management and general expenses 1,224,510. Fundraising expenses 0. Total expenses 6,030,831. Consultants: program service expenses 33,947. Management and general expenses 0. Fundraising expenses 0. Total expenses 33,947. Maintenance services: program service expenses 123,122. Management and general expenses 0. Fundraising expenses 0. Total expenses 123,122.”

“Change in net assets of foundation 2,447,233. Increase in value of beneficial interest in perpetual trusts 67,647. Distribution of perpetual trust -15,137. Gain on charitable gift annuity 894,326.”