Geneva Foundation of Presbyterian Homes

“The executive committee of the board of directors of presbyterian homes (dba presbyterian living) shall serve as the executive committee of the board of the foundation. The executive committee shall have and exercise the authority of the board in emergencies when convening the full board is not practicable and shall report its actions to the board at the earliest opportunity. The president/ceo shall be a non-voting attendee at all meetings of the committee.”

“The organization has an agreement with presbyterian homes (dba presbyterian living) manager, llc who employs the management team and manages all operating entities of presbyterian living, including geneva foundation and provides a number of services on a centralized basis under the terms of a separate management services agreement. Pursuant to the management services agreement, the fee is determined on an annual basis by agreement between ph manager, llc and the organization. Total management fees paid for the year ended march 31, 2025, were $202,368, 6.25% of the organization's budgeted revenues.”

“Presbyterian living is the sole corporate member of geneva foundation.”

“Presbyterian living, in its capacity as the sole corporate member of geneva foundation, has the authority to approve actions of the board of directors of geneva foundation.”

“Presbyterian living, in its capacity as the sole corporate member of geneva foundation, has the authority to approve actions of the board of directors of geneva foundation.”

“The form 990 of geneva foundation of presbyterian living is prepared by an independent accounting firm, and was then presented to the audit committee, which acts as a representative of the board of directors for review and approval. This is accomplished prior to the filing of the form 990. The audit committee forwards its recommendation for acceptance of the form 990 to the board of directors. Copies of the form 990 are also forwarded to the entire board for their review and comment period. The board then acts on the recommendation of the audit committee prior to the 990 being filed with the irs.”

“An extensive conflicts of interest policy was adopted in april 2001 and most recently revised in 2019. The policy defines covered fiduciaries as persons to whom this policy applies, and includes all directors, officers, identified key employees and agents of presbyterian living. An annual disclosure form is provided to all identified covered fiduciaries for completion and return. Presbyterian living also asks all covered fiduciaries to provide disclosure whenever conflicts or dualities of interest arise or are suspected. In addition, all committee chairs remind directors at all meetings of the board or board committees to disclose actual or potential conflicts or dualities as one of their ongoing duties under the policy. Covered fiduciaries are required to disclose any facts or circumstances that might give rise to potential conflicts or dualities. The president/ceo or his/her designee reviews the annual disclosure statements submitted by covered fiduciaries and determine specifically any actual or potential conflicts or dualities of interest. The president/ceo/designee shall advise the appropriate board or board committee chair and the affected covered fiduciary(is) on those matters for which certain covered fiduciaries should not vote.”

“The compensation committee of presbyterian living is responsible for all compensation and benefit matters for senior management and key employees. Presbyterian living annually participates in an industry specific executive compensation survey. The results of this survey is reviewed by management and shared with the committee as necessary. In addition, the committee regularly engages an external compensation consulting firm to assist in its review of the level of compensation, incentives and benefits for senior executives and key employees every three years. The compensation consultants accumulate and present to the compensation committee market information for each senior executive position, summarize individual executive compensation, incentive and benefits packages and benchmark that information to the industry data they have accumulated. Annually, the organization's staff and/or the board of directors prepares performance reviews for all senior managers and key employees and makes a recommendation to the compensation committee regarding compensation, incentives and benefits adjustments. The compensation committee considers the performance recommendation, comparisons of total compensation by executive to market compensation percentile for industry executives with similar job titles and/or skill sets, and organizational needs in terms of meeting the challenges of the unique business of providing senior care services. The compensation committee makes a recommendation regarding compensation and benefits changes for senior management which is approved annually by the full board of directors within the budget process. The compensation committee proceedings are contemporaneously documented and minutes are maintained and on file at the corporate office.”

“The governing documents and financial statements are available upon request to the public. Contact for the information is the chief financial officer, mark havrilka at presbyterian living, 8707 skokie boulevard, suite 400, skokie, il 60077. The financial statements are available through the illinois attorney general's office.”

“The ceo assigns 80 percent of his time to related organizations, presbyterian homes (dba presbyterian living) and westminster place, and 20 percent of his time to the filing organization, geneva foundation. The cfo, director of finance and vp of human resources assign 5 percent of their time to geneva foundation. The senior director of development assigns 100 percent of her time to geneva foundation. Compensation reported for the senior director of development, lisa schiro, has been paid by a related organization and common paymaster, presbyterian homes ein# 47-1545753. Since all services performed by this individual were for geneva foundation, the compensation has been reported in column d as if paid by the organization. Presbyterian homes has complied with payroll filing requirements.”

“The financial statements for presbyterian living and affiliate (geneva foundation) are audited by an independent auditor. Additionally, geneva foundation obtains an audit on a separate basis, including only the activities of geneva foundation.”