Aldersgate Life Plan Services Inc

“The executive committee is comprised of the officers of the board of directors and has the authority to act as delegated by board action.”

“During 2024, aldersgate united methodist retiremint community (aldersgate), a related exempt organization amended its bylaws to reflect a reorganization with aldersgate life plan services (alps). As a result of this change, alps will no longer be the parent entity to aldersgate, no aldersgate decision will require alps approval, and aldersgate will elect the 3-5 directors of alps. The primary purpose for alps will be to remain the sole member of the development area 1 llcs for the ground lease project outside the obligated group.”

“The form 990 was reviewed by management of the organization before being filed.”

“All members of the board of directors are covered and sign the conflict of interest policy. Items that represent major expenditures are subject to a bid process where the lowest cost provider of the desired service is generally selected.”

“All employee (including the top management and key employees) compensation is compared periodically to wage data that are developed independently through a local employers' association. The wages are reviewed to confirm they are competitive in the local market. The compensation of the ceo is approved by the board of directors. The process described here was last completed in 2023.”

“Alps was the parent company and has no business activity of its own”

“The organization makes its governing documents, conflict of interest policy, and financial statements available upon request.”

“Alps organization ceased february 2024.”

“Payroll processing: program service expenses 807. Management and general expenses 0. Fundraising expenses 0. Total expenses 807. Other outside services: program service expenses 4,300. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,300.”

“Prior year audit adjustment 53,908.”