Masonic Homes of California

“The grand master of the grand lodge of california appoints two members of the executive committee of the grand lodge to serve as trustees of masonic homes of california (the ex officio trustees), with all the rights and responsibilities appurtenant thereto. The remaining trustees of masonic homes of california, with the exception of resident trustee, shall be designated by the grand lodge of free and accepted masons of california from time to time. The masonic homes board appoints the resident trustee.”

“No amendment to the bylaws shall be valid or become effective without the written consent of the grand master of the free and accepted masons of california.”

“The accounting manager prepares the form 990 supporting schedules/data, then the controller reviews the schedule/data and submits it to the tax consultant for the preparation of form 990. The tax consultant submits the completed 990 to the controller and cfo for review and approval. The cfo and tax consultant present the form 990 to the president and the audit committee for final approval. The form is then posted to an internal website accessible to all voting members of the board. Once approved, the cfo signs form 990 and files with the irs.”

“Annually, each member of the board executes and signs a conflict of interest disclosure statement. In this statement, the board member discloses known, existing, potential and possible conflicts of interest. If no such interests or activities exist, the party writes the word "none" in the space provided. In addition, these statements are updated when an interested party subsequently becomes a matter of board action. The interested party discloses the circumstances to the chairman of the board of trustees. In the event the interested party in question is the chairman of the board, the potential conflict is disclosed to the full board. The conflict of interest disclosure statement for board is submitted to the chairman of the board for review. The plans for mitigation of any conflict relating to board members are presented by the chairman of the board. Following their review, all conflict of interest disclosure statements are kept on file with the grand secretary.”

“Benchmarking is completed on all positions by an independent third party compensation consultant. Review is done by the independent volunteer leadership board of trustess and approved by grand lodge executive committee headed by the grand master. Salary benchmarking is conducted by an independent third party compensation consultant utilizing numerous published salary surveys for each position based on title and job description.”

“The audited financial statements, governing/organizing documents, and conflict of interest policy are available to the public at the corporate office.”

“Change in value of split-interest agreements 1,494,415.”