Over 60-Cei Inc

“The organization has two members (as defined by the bylaws): lifelong medical care and centers for elders' independence, both california nonprofit corporations. The form 990 instructions further define a "member" as any person (including a corporation or other legal entity) with the power to elect members of the governing body; accordingly, resources for community development, a california nonprofit corporation, is also considered a member.”

“The directors of over 60-cei inc. Shall, at all times, be limited to individuals who are officers, directors, or employees of lifelong medical care, centers for elders' independence, or resources for community development (or have the approval of at least one of the board of directors of lifelong medical care, centers for elders' independence, or resources for community development). Lifelong medical care has the power to elect five (5) of the maximum thirteen (13) directors holding office at any one time; centers for elders' independence has the power to elect five (5) of the maximum thirteen (13) directors holding office at any one time; and resources for community development has the power to elect three (3) of the maximum thirteen (13) directors holding office at any one time. During the 6/30/2024 tax year, lifelong medical care and centers for elders' independence each elected three (3) of the nine (9) directors.”

“The form 990 is prepared by an independent tax accountant in conjunction with the accounting and finance department of lifelong medical care (who is the fiscal agent for the organization) and reviewed by management of lifelong medical care; adjustments are made, as necessary. A complete copy of the form 990 is made available to all members of the governing body prior to filing with the internal revenue service.”

“The organization is covered by the conflict of interest policy of lifelong medical care, which covers all members of the board of directors. Under the policy, each member of the board of directors is required to annually sign a conflict of interest disclosure form disclosing any conflicts. Upon written disclosure of a conflict, the conflict will be reviewed by independent persons; during this time, the person with the conflict of interest is excluded from the discussion, selection, approval, award or administration of such transaction. In making a determination of whether to proceed with a proposed transaction, the board or designated body thereof may investigate alternative competitive bids or conduct a comparable valuation to determine that the transaction is in the best interest of the organization.”

“The organization does not have any compensated employees; accordingly, form 990, part vi, section b, lines 15a and 15b have been answered "no".”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”