Community Compassion Magnolia

“Administrative duties are delegated to a management company, somerset senior living.”

“The organizations parent entity, community compassion centers of arkansas, is the sole member of the organization.”

“Community Compassion Centers of Arkansas - the member has the right to appoint one member to the Board of Directors, which shall be the member representative.”

“The member shall have the rights, privileges and powers including, but not limited to:(a) All power and discretion with respect to the employment and discharge of senior management and officers of the Corporation;(b) The power to establish and amend, from time to time, the admission policy of the Corporation;(c) The power to dissolve the Corporation;(d) Approval rights prior to any borrowing or indebtedness of the Corporation or the execution and delivery of any contract or other instrument binding the corporation, in either case with a value in excess of $15,000;(e) Approval rights regarding any amendment to the Articles of Incorporation or Bylaws of the Corporation.”

“The board members receive a copy of the form 990 to review prior to filing with the irs.”

“Each director, principal officer and member of a committee with director delegated powers shall annually sign a statement which affirms such person:(a)has received a copy of the conflict of interest policy; (b)has read and understands the policy; (c)has agreed to comply with the policy; and (d) understands the organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.to ensure the organization operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews shall be conducted.”

“Community compassion centers of arkansas sets compensation, and the organization's independent directors accept or ratify the subject employment.”

“Community compassion centers of arkansas sets compensation, and the organization's independent directors accept or ratify the subject employment.”

“The organizations governing documents, conflict of interest policy and annual financial statements are available for public inspection upon request.”

“The organization ceased operations effective January 1, 2020; However, the organization has not TERMINATED OR DISSOLVED THE ORGANIZATION as of the end of the tax year.”