Baptist Memorials Ministries

“Buckner retirement services, inc is the parent company and allocates a percentage of shared management services to its related organizations. The filing organization paid $120,000 during 2024.”

“Buckner retirement services, inc. Is the sole member of bmm.”

“Buckner retirement services, inc. Elects the directors of bmm.”

“Certain decisions of bmm are subject to approval of its sole member, buckner retirement services, inc. As stated in the bylaws, section 2.8, including: - the making of contracts of the corporation involving any of its directors or officers; - the making of loans by the corporation to any of its officers or employees; - the borrowing or lending of money or other assets by the corporation, or the creation of actual or contingent indebtedness of the corporation through a guaranty of another's debt or similar action, in excess of certain amounts and/or other criteria established or approved from time to time by the sole member; - the corporation's creation of, acquisition of ownership interests in, or affiliation with, any other organization; - the making or acceptance by the corporation of any commitment to send funds of the corporation in excess of specific minimum amounts and/or other criteria established or approved from time to time by the sole member; - the alteration, amendment or repeal of the bylaws or the adoption of new bylaws; - the amendment or repeal of the corporation's certificate of formation; - the merger, consolidation, reorganization, or dissolution of the corporation; - the sale, lease, exchange or other disposition of all or substantially all of the assets of the corporation.”

“The form 990 is sent to the buckner international finance committee and the full board for review prior to filing the form.”

“Directors and officers are required to submit a statement of disclosure upon appointment to the board and thereafter annually. The purpose of this statement is to provide a mechanism for the disclosure of any actual or potential conflicts(s) of interest. Any actual or potential conflicts that arise between annual statement submissions are required to be communicated as soon as possible in writing to the general counsel. The conflict of interest policy (coi) is explained at the time of issuance for signature. The coi defines disqualified persons and potential conflicts. Any conflicts that arise are reviewed by the board outside of the presence of the individual(s) involved.”

“Compensation decisions for the executive job(s) are based on relevant compensation survey data, evidenced jobholder performance and available resources. The senior vice president of buckner retirement services, inc. Is responsible for setting the compensation for the executive director. A formal evaluation of the job performance is prepared and maintained in the executive director's personnel file in human resources.”

“Governing documents, conflict of interest policy and financial statements are available for review by request. They may be reviewed at the regional office in san angelo or the corporate office in dallas or may be sent by mail.”

“Average hours and reportable compensation officer compensation paid by a related organization reflects compensation paid by its parent company, buckner international (bi). This compensation does not reflect payment for services as officers of the filing organization. Average hours per week are an estimate of the hours spent in the capacity of officer for the filing organization and related organizations. Bi administrative expense, including compensation and benefits, is allocated to related organizations based on a percentage calculation. Administrative expense allocated to the filing organization is reported on part ix.”