Eskaton Lodge Granite Bay

“Eskaton properties, inc. Performs the organization's management duties through common officers and key employees.”

“The organization has one corporate member. As a subsidiary corporation to the corporate member, all of the assets of the organization would be received by the corporate member upon dissolution.”

“The organization's sole corporate member has the power to appoint all directors other than the president of the corporation.”

“The sole member retains approval rights in regard to any potential changes that would materially and adversely affect the voting or transfer membership of the sole member as well as any changes to the number of directors and creating proxy rights.”

“Data to prepare the 990 is gathered by the director of budget and financial analysis. The return is prepared by a professional accounting firm and reviewed by the director of budget and financial analysis, as well as the cfo. The final 990 is signed by the cfo.”

“Officers and directors are required to annually disclose their potential conflicts of interest. The ceo and board chair meet to review any conflicts that are disclosed by board members to determine if the conflicts rise to the level that would require abstention from discussion and voting. Directors abstain from voting and do not participate in discussion of board actions related to potential conflicts of interest.”

“The board of directors uses a third party professional consultant to gather data from a wide range of comparable organizations every two years. A compensation committee made up of the board of directors reviews the third party professional consultant's report and submits the proposed compensation to the full board for approval at its annual february meeting. The compensation amount is recorded in the original minutes of the compensation committee and the board. The board reviews and approves the compensation for the ceo annually. For other highly compensated employees, compensation is determined by the ceo based on annual data from surveys of comparable organizations.”

“The eskaton lodge granite bay governing documents and conflict of interest policy are not routinely available to the public. The eskaton lodge granite bay financial statements are available to the public upon request.”