Bayada

“J. Mark baiada and p. Mel baiada - family relationship j. Mark baiada and david l. Baiada - family relationship”

“The information to prepare the form 990 is gathered by finance staff and provided to its accounting firm who prepares the return. Senior management then reviews the return prior to filing. The form 990 is also made available to the board of trustees prior to filing.”

“Each director, officer, key employee, and member of a committee with board-delegated powers shall execute and deliver to the corporate secretary an annual questionnaire and disclosure statement detailing the facts relating to any actual or potential financial interest in any proposed contract or other transaction involving bayada. The corporate secretary shall then prepare an annual related party transactions and conflict of interest schedule. This schedule is presented to the finance & audit committee for its review and acknowledgement, with the committee providing guidance as to whether any transaction warrants further action by management. If any director, officer, or key employee of the corporation has a financial interest in any proposed contract or other transaction involving bayada, the director, officer, or key employee must disclose the financial interest to the board or committee authorizing the transaction. The board or committee shall determine whether the financial interest constitutes a conflict of interest. A director, officer, or key employee who has a conflict of interest may answer questions of the board or committee considering the contract or transaction that involves the conflict. However, after answering questions, the director, officer, or key employee shall leave the meeting during the discussion of the merits of the contract or transaction and shall not vote on the contract or other transaction.”

“Bayada did not have any employees during 2024. Compensation paid to officers and key employees of related organization is determined after an analysis of a qualified independent compensation consulting firm to review and opine on the reasonableness of their compensation in view of comparable data. The review and approval of such compensation are appropriately documented in the minutes of the board or people and leadership committee pursuant to code section 4958 and treasury regulations section 53.4958-6.”

“Bayada will make its governing documents, conflicts of interest policy, and financial statements available upon written request.”

“The taxpayer, in its exemption application and its initial form 990, included an election under treasury regulations section 1.441-2 to elect a 52-53 week tax year that ends on the sunday closest to december 31st. This tax year matches the taxpayer's accounting period. Under this election, the taxpayer's tax year is january 1, 2024 through december 29, 2024. The taxpayer is unable to electronically file this return because its tax year does end on the last day of a month. As a result, the taxpayer's financial information is reported based upon its 52-53 week accounting period. But, in order to be able to electronically file this return, the heading reports the tax year as the 2024 calendar year.”