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.”

“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.”

“Effective march 15, 2021 and may 1, 2021, the foundation ceased operations of ejbcc and bp, respectively. During 2021, management classified the ejbcc facility as held for sale and performed an impairment evaluation to recognize the estimated fair value of the facilities held for sale. Management expects to sell the facility in early 2022 and, thus, used the market approach for determining the amount of impairment. Management expects to sell the combined facilities of ejbcc and the betty bivins childers foundation (a related organization) to an unrelated 3rd party for approximately 5,000,000, less expected selling costs of 250,000. The expected proceeds are allocated based on the net book value relative to the total. Based on this method, 19% of net proceeds are expected to be allocated to ejbcc or 880,630. The resulting recognized impairment was 3,059,325, of which 100% was allocated to property and equipment in the statement of activities.”

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

“Effective march 15, 2021 and may 1, 2021, the foundation ceased operations of ejbcc and bp, respectively.”

“Bmnh consulting 0 6,228 0 ecc purchased services 88,125 0 0 purchased services 208,782 375,584 0 total 296,907 381,812 0”

“Transfer from mary e bivins foundation 3,259,945 in-kind revenue from cenikor foundation 1,093,804 total 4,353,749”