Betty Bivins Childers Foundation

“Julie bivins mark bivins director vice chair sister/brother in-law”

“The 990 is made available to the full board of directors particularly to the executive committee and the finance/audit committee members. We make it available in our offices for perusal at the board members' convenience. We will also present the 990 at our next regularly scheduled board and committee meetings.”

“We have a conflict of interest policy in our bylaws, which we adopted at our board of directors meeting june 30, 2010. Our current procedures mirror our whistleblower procedures, which we conduct on an annual and on- going basis to ensure 100% compliance.”

“The organization contracts with an hr consulting firm, on a scheduled basis, to conduct comprehensive salary & benefits surveys for executive & key staff positions within our entire organization. Appropriate positions and benefits are surveyed against both local and state organizations of similar makeup & function. We use these results to adjust salaries & benefits to existing norms, and also to give consideration to salary caps on some positions. All positions are within the salary and benefits norm for our area & state.”

“The organization contracts with an hr consulting firm, on a scheduled basis, to conduct comprehensive salary & benefits surveys for executive & key staff positions within our entire organization. Appropriate positions and benefits are surveyed against both local and state organizations of similar makeup & function. We use these results to adjust salaries & benefits to existing norms, and also to give consideration to salary caps on some positions. All positions are within the salary and benefits norm for our area & state.”

“All of our governing documents, conflict of interest and whistleblower policies, financial statements, 990's, etc... Are available to the general public, upon request, through our corporate office at 2311 west 16th avenue, amarillo, texas, 79102.”

“On april 25, 2024, the long-lived assets held for sale and other assets included in property and equipment were sold to an unrelated third party for approximately 5,212,000 in cash proceeds. A loss of approximately 772,000 was recognized on those disposals for book purposes and a loss of 12,494,622 for tax purposes, the difference of which is due to an impairment loss of 11,722,144 recognized for book purposes in past years.”

“To build, establish and maintain in the city of amarillo, texas, or in the vicinity thereof, either in potter or randall counties, a home or homes for worthy, aged and needy persons, and to operate such homes, expand, build or rebuild any such homes and to do each and everything whatsoever necessary, requisite or incident thereto. Preference shall be given in admission to said homes to those who have lived and practiced the christian religion. The purposes stated in this subsection shall be deemed the primary purpose of the corporation and the maintenance and operation of said homes shall at all times have preference in the use of income and/or corpus of property belonging to the corporation or held in trust for it.”

“As of september 30, 2024, the foundation is no longer an operating foundation as termination was approvd by its board of directors, with no remaining assets and for which this 2023 form 990 is the final return to be filed for the foundation.”

“Transfers to mary e bivins foundation -5,211,667 final xtr to mary e bivins foundation -35,454 total -5,247,121”