Santa Clara Methodist Retirement Foundation Inc.

“The finance committee is tasked by the board of directors with the responsibiility for reviewing the irs form 990 in detail and for making a reccomendation to the full board for approval of the form 990. A copy of the form 990 is available to all board memebers at the board meeting for review, prior to accepting the finance committee's recommendation. The form 990 is filed upon action by the board of directors approving the finance committee's recommendation.”

“Each board member, officer, committee member, and foundation member is required to immediately disclose the existence and circumstances of potential conflict of interest transaction in writing. The person involved must refrain from attempting to influence others and must physically excuse himself/herself from any discussions about the transaction. Futhermore, each board member, officer, committee member, and foundation member is required to acknowledge, not less than annually, that he or she has read and is in compliance with the conflict of interest policy. This form is available for public consideration.”

“The board administration and personnel committee reviews and recommends to the board, the executive compensation, based on performance, seniority, importance of position to the organization, and comparability data within industry standards. The executive is not present for or included in these discussions.”

“Governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

“Outside services: program service expenses 633,054. Management and general expenses 70,340. Fundraising expenses 0. Total expenses 703,394. Lpl fees: program service expenses 285,685. Management and general expenses 31,743. Fundraising expenses 0. Total expenses 317,428.”

“The organization did not change its oversight process or selection process during the tax year.”