Lee Bivins Foundation

“The 990 is made available to the full board of directors, particularly to the executive committee & the 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. The current procedures mirror our whistleblower procedures, which we conduct on an annual and on-going basis to insure 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, 990s, etcare available to the general public, upon request, through our corporate office at 2311 west 16th avenue, amarillo, texas, 79102.”

“In connection with its transition, the existing bmnh facility was leased to amarillo recovery from alcohol and drugs, inc. (arad), an unrelated 3rd party, effective february 2017. Due to the terms of the lease (100 per year for 10 years) not reflecting a market rate, the foundation has recognized an in-kind contribution based on the present value of the difference between the estimated fair value of the lease and the contract amount. The in-kind contribution to arad recognized at the effective date of the lease was 10,939,039, which was recorded in the statement of activities. The in-kind contribution was estimated based on a monthly fair value lease amount of 94,969 over 10 years, discounted at 4.18%. During the year ended september 30, 2017, 729,269 of rent revenue from arad was recognized under the agreement, which left a balance of 10,209,770 in remaining in-kind contribution payable to arad at september 30, 2017.”

“To build, establish and maintain in the city of amarillo, texas, or in the vicinity thereof, either in potter or randall counties, a home or homes for worthy, aged and needy persons, and to operate such homes, expand, build or rebuild any such homes and to do each and everything 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 subsection 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.”

“Volunteers primarily participate in resident assistance programs such as reading to individuals or groups, being companions, and assisting with all resident activities.”

“During november 2015, the foundation's board elected to begin ceasing operations at the bivins memorial nursing home facility and to transition the location of its therapy and long-term care services provided by bmnh to another facility (childers place) previously operated by its sister organization, the betty bivins childers foundation, under the new name of bivins pointe, beginning january 2017. The foundation decided to make this transition primarily because of continued operating losses resulting from insufficient third-party payor reimbursement and increased competition. As of january 9, 2017, the transition process was complete.”

“Transfer from mary e. Bivins foundation 3,860,983 in-kind revenue from amarillo recovery from alcohol & drug 729,169 in kind rent contribution - arad -10,939,039 total -6,348,887”