Odd Fellows Home of California

“Prs management & consulting, llc (formerly retirement services, llc) is the management company.”

“The composition of the members of the board of directors of the corporation is determined in the bylaws. Four directors, who are members of the order and four directors, who may or may not be members of the order, but are from the professional sector (legal, accounting, medical, financial) are elected by grand lodge. Three directors, who are members of the order, are elected by the rebekah assembly. In addition, the grand secretary and the grand treasurer of the grand lodge are ex-officio members of the board with voting rights.”

“Form 990 is reviewed by the management company's corporate controller, followed by a review of the board of directors prior to being filed with the irs.”

“The odd fellows board issues the conflict of interest policy to all board members and key employees on an annual basis. The conflict of interest policy covers all board members and key employees. If there is a question whether a conflict of interest exists, the member with the conflict would present the relevant facts to the board. The member would then be excused from the meeting and the remaining board members would have discussion and determine what due diligence should be performed prior to approval of the transaction.”

“The process used to determine the salary of the executive director includes a salary survey which is conducted on at least a bi-annual basis by the vp of human resources for prs. The vp of human resources, the ceo and the coo review the salary survey results and submit a recommendation to the board of directors regarding the salary and bonus structure. The board of directors will then make a final determination of the approved salary structure.”

“Governing documents, conflict of interest policy, and financial statements are available upon request. Requests for governing documents and conflict of interest policy should be made through a staff member at the community, such as the business office manager or administrative assistant. Requests for the financial statements should be made through the board of directors.”

“Note that wayne panchesson and cathy schumacher are employees of prs management, inc. (formerly retirement services, inc.) and perform services on behalf of the organization pursuant to a management services agreement between organzation and prs management & consulting, llc. Under the mnagement services agreement their compensation is reimbursed by organization. Their compensation is reported in part vii section a in order to highligh amounts paid by organization, nothwithstanding that they are employeed by prs management, inc.”

“Adoption of asu 2012-01 for refundable advance fees -10,227,784.”