Foss Home & Villiage

“The organization has an executive committee consisting of the officers of the board. It has general management over the facilities of foss, subject to instructions of the board, and has the power to transact all regular business between regular board meetings subject to any limitations placed on it by the board. It formulates policies for the organization's internal management subject to approval by the board.”

“Futura age is the sole member of foss home & village.”

“Futura age, has the right to approve the nomination, election and removal of all members of the board of directors.”

“Futura age, has the following rights as the sole member: a. Approval of the annual capital and operating budgets; b. Selection, employment and termination of the chief executive officer; c. Approval of any sale, lease, exchange or other disposition of all or substantially all of the organization's assets outside of the normal course of business, or any acquisition of, or merger or consolidation; d. Approval of any amendment or modification to the articles of incorporation or bylaws; e. Approval of the organization's proposed voluntary dissolution, liquidation or winding-up; f. Approval of the declaration of any event of bankruptcy, insolvency or other application for judicial relief from creditors; g. Approval of any action that might jeopardize the organization's tax-exempt status; and h. Approval of the creation of and organizational documents (and amendments thereto) for any subsidiary or affiliated entity, joint venture, affiliation or similar arrangement.”

“Prior to filing, a draft of the form 990 was reviewed by the president/ceo of futura age, then submitted to all members of the board of directors for their approval.”

“Annually, the conflict of interest policy is distributed at the board meeting, and members are required to complete and sign the form for proper disclosure. Members are directed to notify the board during the year if a conflict of interest develops.”

“The president/ceo's compensation is determined by the board of directors of futura age, a related organization.”

“The organization's governing documents, conflict of interest policy and financial statements are available upon request.”

“On january 1, 2025, the organization's assets and operations were sold and the entity became dormant. The facility was rebranded by the new owner as "the broadview center", continuing its services to its residents and the community.”