Mary E Bivins Foundation

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

“We have a conflict of interest policy in our bylaws which is more detailed than the irs required/suggested policy examples. We present and execute this policy annually for full disclosure/compliance. Our current procedures mirror our whistleblower procedures, which we conduct on an annual & 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 & 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, tx 79102.”

“The mary e. Bivins foundation, a texas non-profit corporation, was formed in 1949. The purposes / mission for which the corporation was formed are: (a) to operate for the benefit of nursing homes established for worthy, aged, and needy persons. (b) to operate for the benefit of nursing homes established for worthy, aged, and needy persons suffering from alzheimers disease. (c) to operate for the benefit of worthy religious undertakings, including the education of ministers to preach the christian religion. (d) to operate for the benefit of worthy charitable organizations or undertakings which serve worthy, aged, or needy persons. (e) to be organized and operated in a manner to support or benefit one or more specified publicly supported organizations pursuant to section 1.509(a)-4(d) of the treasury regulations. (f) to be organized and operated in a manner to exclusively support religious, charitable, or educational purposes pursuant to section 501(c)(3) of the internal revenue code. (g) to build, establish and maintain in the city of amarillo, texas, or in the vicinity thereof, either in potter or randall counties, homes for worthy, aged, and needy persons, and to operate such homes, expand, build or rebuild any such homes, and to do each and every thing 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 sub-section 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.”

“Recoveries of prior year grants 56,150 transfers from betty bivins childers foundation 1,006,678 investment exp net against revenue on financial statements -200,774 invest exp net against revenue on financial statements 200,774”