The Academy Services Corporation

“The arizona senior academy (asa) is the sole member of academy services corporation. The asa board has the power to appoint and remove directors of asc.”

“As the single member of the academy services corporation (asc), the arizona senior academy (asa) has the power to appoint and remove directors of the asc board. The appointment process is as follows: asc receives recommendations of possible board members, reviews these recommendations, then nominates qualified candidates for consideration by the asa board of directors. The asa board may accept or reject nominees, or may propose alternative candidates.”

“Officers of the corporation, with the assistance of a certified public accountant, do the initial draft of the 990. It is then reviewed by the finance and investment committee, and when accepted, is distributed to the entire board of directors for review. The form is submitted to the service following review by members of the board of directors.”

“Given the corporations limited scope of work, the fact that none of the officers are paid, that its board members serve without compensation, and that its expense accounts are rigorously monitored, detecting conflict of interest is readily determined. Where board members or officers are directly involved with corporate expenditures in excess of $100.00, strict and continuous compliance with the conflict of interest policy is required. Corporate officers and board members complete a conflict of interest inquiry form once a year.”

“No corporate officers or management receive financial compensation. No employee earns in excess of $100,000 per year.”

“The salaries of professional personnnel (director of operations, staff nurse, business office manager) are reviewed every other year and compared to community norms.”

“The organization files its irs form 990 with schedules in a binder in the corporate office that is available for review upon request from a member of the public. The form is also posted on the academy services corporation website, academyservicescorp.org.”

“Governing documents, operating policies, financial reports, and irs filings are kept in the corporate office and made available upon request (all personal identifications are redacted from copies made available to the public.)”

“Part iii line 1provide services and support to the elderly members of the arizona senior academy and nearby frail residents, including but not limited to (1) senior healthcare programs, (2) assisted living and memory care, (3) activities that sustain cognitive and motor capabilities, and (4) facilities management.”