Baptist Community Services

“3 of the 13 members of the baptist community services (bcs) board of trustees are appointed by the baptist general convention of texas (bgct) and certain decisions made by the bcs board of trustees must be approved by the bgct.”

“3 of the 13 members of the baptist community services (bcs) board of trustees are appointed by the baptist general convention of texas (bgct) and certain decisions made by the bcs board of trustees must be approved by the bgct.”

“The form 990 for this company was prepared by an outside cpa firm, reviewed by management, and reviewed and approved by the audit committee.”

“The policy is reviewed annually at the annual board meeting of the board of trustees, and at each new board member orientation. Board members sign statements that they have received a copy of the policy and have read and understand the policy. This is normally at or shortly after the annual board meeting.”

“The compensation committee of the board of trustees of baptist community services is made up entirely of independent, volunteer board members. The committee has been granted full authority to oversee and determine executive compensation for employees that qualify as "disqualified persons or "key employees" pursuant to applicable law and regulation. This committee retains an outside, independent consultant which specializes in executive compensation matters, as well as outside legal counsel that specializes in exempt organization matters, including executive compensation. The compensation consultant prepares a report with respect to each "disqualified person/key employee" which provides comparability data of compensation ranges and benefits for each position. The data focuses on similarly situated organizations by various data contexts. This report is prepared under the direction of the chairman of the compensation committee and is presented to the committee for its review and use with respect to establishing and approving compensation packages for each position involved. These determinations by the committee are made at a meeting of the committee and appropriate written minutes of the deliberations and actions taken by the committee are contemporaneously prepared at the direction of the committee. This process is utilized each time by the committee when executive compensation matters are involved.”

“The organization's governing documents and conflict of interest policy is available to the public upon request. The organization's financial statements are available to the public through the form 990.”

“The company's primary functions and purposes are elder care services, the development and support of christian ministries and causes, and health care/health promotion services. The company operates a retirement center in amarillo, texas, known as park central, for persons 62 years of age and older which is composed of two 10 -story independent living centers with a combined 245 apartments, a two story independent living apartment building with 60 units, a 66-unit assisted living center, a 120 bed nursing home facility, and a 48-unit memory care facility. In december 2023, the company assumed operations of a three story independent living apartment complex with 114 units and a six story independent living apartment building with 42 units. Further, high plains christian ministries foundation is an affiliated supporting organization of the company which makes grants in conjunction with the baptist general convention of texas for the development of new christian ministries in the state of texas and the southwest region of the united states (through predominately in the panhandle region of the state of texas), and also makes grants for the support of the company and its programs and other existing christian ministries and christian/community programs. During fiscal year 2023, the foundation made grants in the aggregate amount of $13,725,946.”

“On december 1, 2023, bcs assumed the ownership and operations of two independent living buildings. Plemons court and the talmage. These two buildings had previously been owned and operated by first amarillo park central communites, ltd., a related organization. The $(1,811,244) other change in net assets reflects the value of the net assets of both plemons court and the talmage at december 1, 2023.”