Project Lazarus

“Form 990, part vi, section a, line 6: there shall be but one class of membership, and the membership of this corporation shall consist of the archbishop or administrator of the archdiocese of new orleans, who shall, ex officio, serve as a member of this corporation.”

“Form 990, part vi, section a, line 7a: the member shall have the right to name and remove at any time, at his sole option, up to two additional members. In the event that a member resigns or dies or ceases to be a member for any reason, then he shall be replaced at the option of the archbishop or administrator of the archdiocese of new orleans.”

“Form 990, part vi, section a, line 7b: a majority of the membership shall constitute a quorum and all elections or any other questions coming before any such meeting shall be decided by a majority vote of the members present.”

“Form 990, part vi, section b, line 11: copies of the completed form 990 will be distributed to the entire governing body for review and approval during a regular meeting of the board. Once approved by the board of directors, the cpa will process the filing of the form 990 using e-file or paper return procedures.”

“Form 990, part vi, section b, line 12c: each trustee, principal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person: (1) has received a copy of the conflict of interest policy, (2) has read and understands the policy, (3) has agreed to comply with the policy, and (4) understands the organization is charitable and in order to maintain its federal tax exemption, it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.”

“Form 990, part vi, section b, line 15a: in reviewing and approving the compensation of any covered individuals, project lazarus board of directors, or a delegated committee of the board (referred to as the "compensation committee" below), will utilize the following process: 1)impartial decision makers: the compensation arrangement must be approved in advance (before any payment is made) by the executive committee of project lazarus composed entirely of individuals who do not have a conflict of interest with respect to the compensation arrangement (example: neither the executive whose compensation is being determined nor any of his/her family members may be present during the discussion/debate or participate in the vote); 2) comparibility data: when the executive committee is considering compensation to covered individuals, it must rely on comparable data that demonstrate the fair market value of the compensation in request. For example, when crafting compensation packages, the executive committee must secure data that documents compensation levels for similarly qualified individuals in like positions at like organizations. This data may include the following: expert compensation studies by independent firms; written job offers for positions at similar organizations; documented telephone calls about similar positions at both non-profit and for-profit organizations; and information obtained from the irs form 990 filings of similar organizations; 3) concurrent documentation: the executive committee must document how it reached decisions, including the data on which it relied. To qualify as concurrent documentation, written or electronic records of the compensation committee (such as meeting minutes) must note the terms of the compensation and the date it was approved; the members of the executive committee who were present during the review of the compensation that was approved and those who voted on it; the comparability data obtained and relied upon and how the data were obtained; and any actions taken with respect to consideration of the compensation by anyone who is otherwise a member of the executive committee but who had a conflict of interest with respect to the decision on the compensation.”

“Form 990, part vi, section c, line 19: the organization makes its governing documents, conflict of interest policies and financial statements available to the public upon request.”

“No changes to process in current year”