Rose Villa Foundation Inc

“The foundation has an executive committee consisting of the officers of the board. The executive committee has power to act on behalf of the board between meetings of the board. The executive committee also has authority to approve financial assistance requests for rose villa, inc., residents.”

“All executive services are provided by employees of rose villa, inc., a related organization.”

“The foundation's bylaws were amended in october 2024 to (a) increase the maximum number of board members from 15 to 16; (b) remove the requirement that one board member be the ceo of rose villa, inc.; (c) give rose villa, inc., the power to appoint up to two of its executive leaders to serve as ex officio voting members of the foundation's board of directors; and (d) give rose villa, inc., the power to designate one of its appointed board members as the treasurer of the foundation's board of directors.”

“Rose villa, inc., may appoint up to two of its executive leadership staff to serve as ex officio voting members of the foundation's board of directors and may designate one of the two to serve as treasurer. The board of directors of rose villa, inc., may appoint up to two members of its board of directors to serve as ex officio voting members of the foundation's board of directors.”

“Prior to filing, the form 990 was reviewed by the foundation executive director, who is also the vp of philanthropy of rose villa, inc., and by the foundation treasurer, who is also the ceo of rose villa, inc. A public inspection copy of the form 990, which protects the anonymity of donors, was sent to the board for their review and comments, with 3-5 business days allowed for questions and comments. The treasurer was available for discussion and questions that board members raised.”

“Officers, board members and committee members complete an annual conflict of interest disclosure. If a transaction arises that involves a potential conflict of interest, the interested person is required to disclose its existence, after which they leave the meeting while the remaining board/committee members determine whether an actual conflict exists. The conflicted individual may present relevant information and answer questions, but is otherwise excluded from all discussions and votes related to the transaction. The board/committee may evaluate alternatives that do not include a conflict of interest. After exercising due diligence, the board/committee evaluates alternatives and votes on whether to enter the transaction. If the board/committee has reason to believe an individual failed to disclose a conflict, the individual is given the opportunity to explain the alleged failure. If the individual did fail to disclose a conflict, appropriate disciplinary and corrective actions are taken.”

“Rose villa, inc.'s ceo also serves as rose villa foundation's treasurer. All executive compensation is determined by rose villa, inc., a related organization. When hiring, compensation ranges are compared to industry benchmarks for reasonableness. The rose villa, inc., board executive committee annually reviews and approves ceo pay based on performance. Goals and achievements are anually reviewed and used to determine compensation. When hiring, the ceo determines other key salaries with the use of outside wage surveys. Senior management compensation is compared with industry compensation every 3 to 5 years.”

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

“Administrative services: program service expenses 70,175. Management and general expenses 23,392. Fundraising expenses 23,392. Total expenses 116,959.”

“Change in present value of annuities -16,737.”

“The authority and process for selecting the financial statement auditor and for overseeing the financial statement audit did not change during the year.”