2026-06-24T09:37:27-05:00 2025-12-31 410746749 CLIFTONLARSONALLEN LLP 150 S WARNER ROAD SUITE 310 KING OF PRUSSIA PA 19406 990 2025-01-01 232688382 THE KENDAL CORPORATION KEND 6103351200 591 COLLABORATION WAY 603 NEWARK DE 19713 AMY C HARRISON CFO 6103351200 2026-06-22 1 CONNIE M LIRA P00481097 2156433900 2026-06-22 2025 2025-03-06 01:10:19Z VASSAR BYRD CEO 591 COLLABORATION WAY 603 NEWARK DE 19713 9954694 0 X WWW.KENDAL.ORG X 1992 PA TO DEVELOP, SUPPORT, AND COORDINATE A SYSTEM OF COMMUNITIES AND SERVICES FOR OLDER PERSONS 15 15 33 16 0 0 0 20186 7194649 7693078 561380 758515 0 0 7756029 8471779 0 25000 0 0 5865152 5606916 3300 0 0 2377965 2730235 8246417 8362151 -490388 109628 19034057 22620042 4682029 6160434 14352028 16459608 TOGETHER TRANSFORMING THE EXPERIENCE OF AGING 0 0 7579583 25000 7693078 TO CREATE A SYSTEM OF ORGANIZATIONS THAT PROVIDE A COORDINATED CONTINUUM OF CARE AND SERVICES FOR OLDER ADULTS, INTEGRATING QUAKER PRINCIPLES IN FOSTERING CONTINUED LEARNING, OUTREACH PROGRAMS AND A CULTURE OF GENEROSITY. 7579583 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 26 0 1 33 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 1 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA NY X AMY C HARRISON CFO 6103351241 591 COLLABORATION WAY SUITE 603 NEWARK DE 19713 ANNETHA HALL CHAIR 5.00 2.00 X X 0 0 0 MARGARET PLANK VICE CHAIR 2.00 0.50 X X 0 0 0 STAN PELLI TREASURER 2.00 0.50 X X 0 0 0 JODI LEESER SECRETARY 1.50 0.30 X X 0 0 0 PAUL COONEY ASSISTANT SECRETARY 2.00 0.30 X X 0 0 0 ANNA MARIE BUTRIE MEMBER 1.50 0.30 X 0 0 0 BROOKE CARROLL MEMBER 1.50 0.30 X 0 0 0 DANIEL CHURCHILL MEMBER 1.50 3.30 X 0 0 0 BARBARA FREEDMAN MEMBER 1.50 5.30 X 0 0 0 DIANE GIBSON MEMBER 1.50 0.30 X 0 0 0 JULIE HOUPT MEMBER 1.50 0.30 X 0 0 0 ROSA LICEA-MAILLOUX MEMBER 1.50 0.45 X 0 0 0 SUSAN MURPHY MEMBER 1.50 0.30 X 0 0 0 ANNE PAGE MEMBER 2.00 0.50 X 0 0 0 HOWARD SMITH MEMBER 1.50 0.30 X 0 0 0 JEFF LAYTON MEMBER - LEFT AUG 2025 1.50 2.30 X 0 0 0 VASSAR BYRD PRESIDENT & CEO 45.00 8.00 X 438836 0 25040 AMY HARRISON CFO 45.00 8.50 X 340589 0 64168 DOUGLAS HELMAN CHIEF OPERATING OFFICER 40.00 0.00 X 292507 0 51465 CRAIG WITZ INTERIM VP DEVELOPMENT & OPERATIONS 40.00 0.00 X 341475 0 11257 KURT A RAHNER CHIEF TECHNOLOGY OFFICER 40.00 0.00 X 278154 0 29499 DOUGLASS M AULT SENIOR DIRECTOR PROJECT INTEGRATION 40.00 0.00 X 248920 0 19987 JENNIFER KARSTEN GOVERNANCE ADVISOR 40.00 0.00 X 223636 0 22990 CRYSTAL D BAKER CONTROLLER 40.00 0.00 X 166870 0 22812 2330987 0 247218 20 0 1 0 UKG INC PO BOX 930953 ATLANTA GA 311930953 PAYROLL PROCESSING 668562 INTELLITEC 750 PRIDES CROSSING SUITE 100 NEWARK DE 19713 SOFTWARE IMPLEMENTATION 572059 PC CONNECTIONS SALES CORP PO BOX 536472 PITTSBURGH PA 152535906 IT SERVICES 411135 CORE BTS INC PO BOX 854419 MINNEAPOLIS MN 554854419 IT SERVICES 245725 JEDEIKIN HOLDINGSINC DBA DAVINCI DIGITA 4906 SE WINWORTHCOURT MILWAUKIE OR 97222 IT CONSULTING 200321 14 20186 20186 AFFILIATION FEE FROM AFFILIATES 561000 6955798 6955798 CONSTRUCTION ADMIN SUPPORT FEE 561000 576439 576439 AFFILIATE VENDOR REBATES 561499 160841 160841 7693078 407869 407869 1833561 1482915 350646 350646 350646 8471779 7693078 0 758515 25000 25000 1212605 1212605 3756582 3756582 147334 147334 182854 182854 307541 307541 149092 41066 108026 60524 60524 27750 27750 526822 488520 38302 62019 61323 696 681311 675331 5980 86659 86659 376127 280448 95679 39207 39207 26389 26389 209212 209212 73347 73347 STAFF RECRUIT/AGENCY 125496 125496 DUES, LICENSES, FEES 94814 94814 UNCOLLECTIBLE 87500 87500 INSURANCE LOSSES 34780 34780 69186 46158 23028 8362151 7579583 782568 0 658111 1122877 407627 465506 425509 465565 46940 24816 4009220 3598446 561585 410774 7274313 12377545 203298 218812 9456674 7534147 19034057 22620042 1508483 1545700 3173546 4614734 4682029 6160434 X 14352028 15021268 1438340 14352028 16459608 19034057 22620042 X 109628 619961 1377991 X 0 1 X 1 0 X X 11 KENDAL AT OBERLIN 341567246 10 0 0 0 KENDAL AT HANOVER 020519490 10 0 0 0 BARCLAY FRIENDS 232088476 10 0 0 0 KENDAL CHARITABLE FUNDS 232626425 7 0 0 0 LEXINGTON RETIREMENT COMMUNITY 541795871 10 0 0 0 KENDAL AT HOME 200548053 10 0 0 0 LATHROP COMMUNITY INC 042996627 10 0 0 0 COLLINGTON LIFE PLAN COMMUNITY INC 522011248 10 0 0 0 KENDAL AT ITHACA 521787487 10 0 0 0 KENDAL ON HUDSON 133971396 10 0 0 0 KENDAL AT SONOMA 814896082 10 0 0 0 11 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 1 0 X 1 1 PART I, LINE 12G, COLUMN IV: FOR ALL SUPPORTED ORGANIZATIONS LISTED ON SCHEDULE A, PART I, LINE 12G, THE KENDAL CORPORATION HAS MAINTAINED HISTORIC AND CONTINUING RELATIONSHIPS AND/OR POLICIES THAT DEFINE THE RELATIONSHIP WITH EACH SUPPORTED ORGANIZATION. PROCEDURES PUT IN PLACE AS PART OF THE REQUIRED AFFILIATION AGREEMENTS ENSURE THE ORGANIZATION MAINTAINS A CLOSE AND CONTINUOUS WORKING RELATIONSHIP WITH EACH SUPPORTED ORGANIZATION WHILE STILL PERMITTING AUTONOMY FOR EACH OF THE SUPPORTED ORGANIZATIONS. DUE TO THE NATURE OF THE AFFILIATIONS THE SPECIFIC SUPPORTED ORGANIZATIONS ARE NOT LISTED BY NAME IN THE KENDAL CORPORATION'S GOVERNING DOCUMENTS, BUT INSTEAD THE GOVERNING DOCUMENTS ESTABLISH THE CHARITABLE CLASS OF WHICH EACH SUPPORTED ORGANIZATION IS REQUIRED TO BELONG. PART IV, SECTION A, LINE 1: THE KENDAL CORPORATION IS PART OF THE KENDAL SYSTEM OF HOUSING AND SERVICES FOR OLDER PEOPLE, CONSISTING OF THE KENDAL CORPORATION, KENDAL NEW YORK, KENDAL AGING, AND THEIR AFFILIATES AND SUBSIDIARIES WHO HAVE A HISTORIC AND CONTINUING RELATIONSHIP WITH ONE ANOTHER. PART IV, SECTION A, LINE 5A: KENDAL CHARITABLE FUNDS EIN: 23-2626425 THE KENDAL CORPORATION AND KENDAL CHARITABLE FUNDS EXECUTED THE DOCUMENT, AGREEMENT AND PLAN OF MERGER IN WHICH KENDAL CHARITABLE FUNDS (THE MERGING CORPORATION) MERGED WITH AND INTO THE KENDAL CORPORATION (THE SURVIVING CORPORATION). THE SEPARATE EXISTENCE OF KENDAL CHARITABLE FUNDS AND THE KENDAL CORPORATION CEASED, AND THE KENDAL CORPORATION CONTINUED AS THE SURVIVING CORPORATION TO CONTINUE ITS CORPORATE EXISTENCE UNDER THE LAWS OF THE COMMONWEALTH OF PENNSYLVANIA. THE MERGER BECAME EFFECTIVE ON JUNE 11, 2025. PART IV, SECTION A, LINE 6: PART OF THE KENDAL CORPORATION'S EXEMPT PURPOSE IS TO FOSTER CONTINUED LEARNING AND OUTREACH PROGRAMS IN THE FIELD OF AGING. AS PART OF ACCOMPLISHING THIS ELEMENT OF THE EXEMPT PURPOSE, THE KENDAL CORPORATION PROVIDED A GRANT TO ACADEMY OF HOPE ADULT PUBLIC CHARTER SCHOOL, A 501(C)(3) PUBLIC CHARITY, THAT IS NOT A SUPPORTING ORGANIZATION OF THE KENDAL CORPORATION'S SUPPORTED ORGANIZATIONS. THIS GRANT PAYMENT IS NOT DIRECTLY TO, BUT IT DOES SUPPORT, THE CHARITABLE CLASS SERVED BY THE KENDAL CORPORATION BY HELPING TO EDUCATE AND TRAIN THOSE THAT WILL GO ON TO SERVE THE CHARITABLE CLASS OF THE SUPPORTED ORGANIZATIONS. PART IV, SECTION D, LINE 2: THE KENDAL CORPORATION HAS MAINTAINED HISTORIC AND CONTINUING RELATIONSHIPS AND/OR POLICIES THAT DEFINE THE RELATIONSHIP WITH EACH SUPPORTED ORGANIZATION. PROCEDURES PUT IN PLACE AS PART OF THE REQUIRED AFFILIATION AGREEMENTS ENSURE THE ORGANIZATION MAINTAINS A CLOSE AND CONTINUOUS WORKING RELATIONSHIP WITH EACH SUPPORTED ORGANIZATION WHILE STILL PERMITTING AUTONOMY FOR EACH OF THE SUPPORTED ORGANIZATIONS. PART IV, SECTION E, LINE 2A: THE KENDAL CORPORATION PROVIDES CONTINUOUS SUPPORT SERVICES TO ALL SUPPORTED ORGANIZATIONS NOTED ON SCHEDULE A, PART I, LINE 12, ALL OF WHICH PROVIDE SERVICES TO THE AGING OR OTHER RELATED ORGANIZATIONS OR RELATED CHARITABLE PURPOSES. THE SUPPORT SERVICES PROVIDED BY THE KENDAL CORPORATION GENERALLY CONSIST OF ADMINISTRATION, INFORMATION TECHNOLOGY, CONSTRUCTION ADMINISTRATIVE SUPPORT, MARKETING, RISK MANAGEMENT, LIQUIDITY SUPPORT, AND EMPLOYEE BENEFIT SERVICES THAT INCLUDE, BUT ARE NOT LIMITED TO, THE SPONSORSHIP OF A NONCONTRIBUTORY DEFINED BENEFIT PENSION PLAN, A 401(A) PLAN, A 403(B) PLAN, AND A SELF-INSURED HEALTH PLAN. ALL DIRECT AND INDIRECT NONMONETARY AND MONETARY SUPPORT FOR THE EXTENT OF THESE SERVICES AS WELL AS THE EXPLORATION AND CONSTRUCTION OF NEW NONPROFIT ORGANIZATIONS WHICH PROVIDE SERVICES FOR THE AGING COMPRISES THE SOLE PURPOSE AND ACTIVITIES CONDUCTED BY THE KENDAL CORPORATION AND IS NOT REASONABLY ALLOCABLE BETWEEN ALL SUPPORTED ORGANIZATIONS. PART IV, SECTION E, LINE 2B: THE ACTIVITIES THAT ARE SUPPORTED ARE REQUIRED ACTIVITIES; IF NOT PERFORMED BY THE ORGANIZATION THEY WILL STILL BE REQUIRED TO BE FULFILLED BY THE SUPPORTED ORGANIZATIONS THEMSELVES. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 357304 198549 158755 3651916 3399897 252019 410774 DUE FROM AFFILIATES 3310662 SELF-INSURED HEALTH PLAN 3979187 ROU ASSET 244298 7534147 SELF-INSURED HEALTH PLAN 3405930 LEASE LIABILITY 193686 DUE TO AFFILIATES 634499 CHARITABLE GIFT ANNUITIES 380619 4614734 X PART X, LINE 2: THE ORGANIZATION IS AN EXEMPT ORGANIZATION AS DEFINED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AND IS EXEMPT FROM FEDERAL INCOME TAXES PURSUANT TO SECTION 501(A) OF THE CODE. THE ORGANIZATION FOLLOWS THE PROVISIONS OF THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE APPLICATION OF THESE PROVISIONS HAS NO IMPACT ON THE CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION'S INCOME TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. THE ORGANIZATION IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. THE ORGANIZATION IS NOT AWARE OF ANY ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME OR EXCISE OR OTHER TAXES. 1 ACADEMY OF HOPE ADULT PUBLIC CHARTER SCHOOL 2315 18TH PLACE NE WASHINGTON DC 20018 521730021 501(C)(3) 25000 0 TRAINING AND EDUCATION OF ADULT LEARNERS FOR ENTRY INTO HEALTHCARE SECTOR 1 0 PART I, LINE 2: WE REQUIRE WRITTEN JUSTIFICATION OF THE EXPENDITURE, AND A DESCRIPTION OF HOW THE GRANT WILL BE USED. FUNDS ARE DISBURSED UPON NOTIFICATION THAT THE PROJECT HAS COMMENCED. THERE ARE WRITTEN REPORTS AND UPDATES THAT ARE DUE THROUGHOUT THE COURSE OF THE GRANT PERIOD. WE ALSO HAVE GRANT RECIPIENTS ATTEND BOARD MEETINGS TO PROVIDE UPDATES REGARDING THE USE OF FUNDS. X X X X 0 0 0 0 0 0 0 1 0 VASSAR BYRD PRESIDENT & CEO 408836 0 30000 0 0 0 13200 0 11840 0 463876 0 0 0 AMY HARRISON CFO 308024 0 0 0 32565 0 20883 0 43285 0 404757 0 0 0 CRAIG WITZ INTERIM VP DEVELOPMENT & OPERATIONS 292692 0 20000 0 28783 0 10046 0 1211 0 352732 0 0 0 DOUGLAS HELMAN CHIEF OPERATING OFFICER 286723 0 0 0 5784 0 13961 0 37504 0 343972 0 0 0 KURT A RAHNER CHIEF TECHNOLOGY OFFICER 245821 0 0 0 32333 0 13606 0 15893 0 307653 0 0 0 DOUGLASS M AULT SENIOR DIRECTOR PROJECT INTEGRATION 243375 0 0 0 5545 0 7491 0 12496 0 268907 0 0 0 JENNIFER KARSTEN GOVERNANCE ADVISOR 221572 0 0 0 2064 0 6765 0 16225 0 246626 0 0 0 CRYSTAL D BAKER CONTROLLER 159608 0 0 0 7262 0 9722 0 13090 0 189682 0 0 0 PART I, LINE 7 REASONABLE NON-FIXED PERFORMANCE AND RETENTION PAYMENTS ARE MADE TO EMPLOYEES AS APPROVED BY THE BOARD VIA THE ANNUAL BUDGET APPROVAL PROCESS. ALL NON-FIXED PAYMENTS ARE REPORTED AS TAXABLE INCOME TO THE EMPLOYEE AND REPORTED IN THEIR W-2 COMPENSATION. ALL EMPLOYEES WHO RECEIVED A NON-FIXED PAYMENT THAT ARE LISTED ON FORM 990, PART VII, SECTION A, LINE 1A ARE ALSO LISTED ON SCHEDULE J, PART II. THE FIGURE REPORTED ON SCHEDULE J, PART II, COLUMN B(II) IS THE NON-FIXED PAYMENT MADE TO EACH EMPLOYEE. FORM 990, PART VI, SECTION A, LINE 4 ON AUGUST 6TH, 2025 THE BYLAWS WERE AMENDED. THE FOLLOWING CHANGES ARE CONSIDERED SIGNIFICANT FOR PURPOSES OF THIS DISCLOSURE: 1. THERE HAS NOT BEEN COMPENSATION PAID TO BOARD MEMBERS AND A PROVISION HAS BEEN INCORPORATED INTO THE BYLAWS TO EXPRESSLY STATE BOARD MEMBERS SHALL NOT RECEIVE COMPENSATION FOR SERVICES, BUT MAY RECEIVE REIMBURSEMENT FOR REASONABLE EXPENSES, SUBJECT TO THE SUBMISSION OF SUBSTANTIATION. 2. A CONFIDENTIALITY EXPECTATION AND SIGNED AGREEMENT IS NOW REQUIRED FOR BOARD SERVICE, PREVIOUSLY THERE WAS NO SUCH REQUIREMENT IN PLACE. 3. A CONFLICT OF INTEREST PROVISION HAS BEEN INCORPORATED INTO THE BYLAWS. THERE HAS ALWAYS BEEN A SEPARATE CONFLICT OF INTEREST POLICY IN PLACE, AND THAT POLICY IS STILL IN PLACE AND REGULARLY ENFORCED, BUT THERE IS NOW A PROVISION DIRECTLY IN THE BYLAWS ADDRESSING REQUIRING THE WRITTEN CONFLICT OF INTEREST POLICY. 4. THE PROVISIONS EXPRESSLY INCLUDING THE CHIEF FINANCIAL OFFICER AND CHIEF OPERATING OFFICER AS OFFICERS OF THE ORGANIZATION HAVE BEEN REMOVED. 5. A PROVISION WAS ADDED THAT PLACES A GENERAL LIMIT ON THE BOARD CHAIR OF SERVING NO MORE THAN FOUR CONSECUTIVE YEARS, NOT INCLUDING ANY PARTIAL 'ACTING CHAIR' YEARS; PREVIOUSLY NO SUCH LIMITATION EXISTED. 6. SPECIFIC REPORTING REQUIREMENTS WERE REMOVED FROM THE TREASURER POSITION. THE CONSISTENT LANGUAGE REQUIRING ALL DUTIES INCIDENTAL TO THE OFFICE BE PERFORMED REMAINS. 7. THE BOARD OF DIRECTORS SHALL CONSIST OF NO FEWER THAN TEN AND NO MORE THAN SIXTEEN MEMBERS, PREVIOUSLY IT WAS NO FEWER THAN FIFTEEN AND NO MORE THAN TWENTY-ONE. 8. THE REQUIRED COMPOSITION OF THE BOARD DEMOGRAPHICS WAS UPDATED TO REQUIRE AT LEAST THREE BOARD MEMBERS HAVE LIVED-EXPERIENCE IN QUAKER PROCESS AND DECISION-MAKING, PREVIOUSLY AT LEAST ONE-THIRD OF THE BOARD MEMBERS WERE REQUIRED TO BE MEMBERS OF THE RELIGIOUS SOCIETY OF FRIENDS. AT LEAST FIFTY PERCENT AND NO MORE THAN SEVENTY PERCENT OF THE BOARD SHALL BE FILLED BY MEMBERS WITH AN AFFILIATE PERSPECTIVE, PREVIOUSLY THE REQUIREMENT WAS NO MORE THAN TWO-THIRDS FROM THOSE WITH AFFILIATE PERSPECTIVE. THE PROVISION REQUIRING AT LEAST TWO BUT NO MORE THAN TWENTY PERCENT OF THE BOARD RECEIVE SERVICES FROM THE KENDAL SYSTEM HAS BEEN REMOVED, AND IS NOW SOLELY COVERED BY THE REQUIREMENTS OF THE BROADER AFFILIATE PERSPECTIVE REQUIREMENTS. THE PROVISIONS DEFINING THE CONSTRAINTS ON THE INDEPENDENT PERSPECTIVE (AKA NON-AFFILIATE PERSPECTIVE) WERE REMOVED TO ELIMINATE REDUNDANCY. 9. THE BOARD TERMS REMAIN AT THREE YEARS, BUT THE PROVISION INDICATING SERVICE SHALL CONTINUE UNTIL A SUCCESSOR IS SELECTED HAS BEEN REMOVED. 10. TERMS ARE NOW REQUIRED TO BEING JANUARY 1 (EXCEPT IN CASES OF FILLING VACANCIES), PREVIOUSLY TERMS BEGAN IN JANUARY BUT NOT SPECIFIC START DATE WAS LISTED. 11. A PROVISION PERMITTING THE BOARD TO APPROVE A LESS THAN ONE YEAR LEAVE OF ABSENCE OF A BOARD MEMBER WAS ADDED, PREVIOUSLY NO SUCH PROVISION EXISTED. 12. THE GOVERNANCE COMMITTEE AND THE FINANCE AND AUDIT COMMITTEE ARE NOW REQUIRED STANDING COMMITTEES OF THE BOARD OF DIRECTORS. THE PROVISIONS LISTING THE SPECIFIC POWERS THE BOARD IS NOT PERMITTED TO DELEGATE TO ANY COMMITTEE HAVE BEEN REMOVED. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND THEN THE CEO, CFO, HR DIRECTOR AND CONTROLLER REVIEW THE FORM 990. UPON COMPLETION OF STAFF REVIEW, THE FORM 990 IS PRESENTED TO THE BOARD FINANCE AND AUDIT COMMITTEE AND THE COMPENSATION AND BENEFITS COMMITTEE FOR THEIR REVIEW. FOLLOWING COMMITTEE REVIEW, THE COMPLETED FORM 990 IS SHARED IN ITS ENTIRETY WITH THE FULL BOARD AT LEAST TWO WEEKS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD, COMMITTEE MEMBERS AND STAFF MEMBERS COMPLETE AN ANNUAL STATEMENT REGARDING EACH PERSON'S CONFORMANCE WITH KENDAL'S CONFLICT OF INTEREST POLICY. A SUMMARY OF THE STATEMENT IS REVIEWED BY THE AUDIT AND COMPLIANCE COMMITTEE AND THE FULL BOARD, WHO THEN MAKE THE DETERMINATION AS TO WHETHER AN ACTUAL CONFLICT EXISTS. IF A CONFLICT AROSE IN BETWEEN COMPLETION OF THE STATEMENTS, THE INDIVIDUAL WOULD INFORM THE BOARD CHAIR OR CEO. THE POLICY STATES: "INDIVIDUALS HAVING CONFLICTS OF INTEREST SHALL DISCLOSE THE CONFLICTS; SHALL ABSTAIN FROM DISCUSSION OF SUCH MATTERS RELATING TO THE CONFLICT AT BOARD, COMMITTEE, OR STAFF MEETINGS; AND SHALL NOT USE THEIR PERSONAL INFLUENCE IN ANY DECISION REGARDING THE MATTERS RELATING TO THE CONFLICT. THE MINUTES OF ANY SUCH MEETING SHALL REFLECT THE DISCLOSURE THAT WAS MADE AND THE ABSTENTION FROM DISCUSSION." FORM 990, PART VI, SECTION B, LINE 15 THE BOARD SETS COMPENSATION AND NONFIXED PAYMENTS TO THE CHIEF EXECUTIVE OFFICER (CEO). THE BOARD COMPARES EXECUTIVE COMPENSATION TO THAT OF LIKE ORGANIZATIONS WITH SIMILAR REVENUE FROM THE COMPENSATION SURVEY OF CHIEF EXECUTIVES OF MULTI-SITE ORGANIZATIONS (CEMO) DONE BY LEADINGAGE ANNUALLY, AND OTHER MARKET SOURCES. THE CEO SETS THE SALARY OF OTHER OFFICERS AND KEY EMPLOYEES USING A SIMILAR PROCESS. SALARY ADJUSTMENTS FOR THE CEO, OTHER OFFICERS AND KEY EMPLOYEES ARE DEVELOPED AS PART OF THE NORMAL BUDGET PROCESS. THE FINANCIAL RESOURCES COMMITTEE OF THE BOARD APPROVES THE BUDGET AND RECOMMENDS APPROVAL TO THE BOARD. ABOUT EVERY FIVE (5) YEARS, KENDAL CONDUCTS A COMPENSATION STUDY FOR STAFF, INCLUDING THE CEO, OTHER OFFICERS, AND KEY EMPLOYEES. THE LAST COMPENSATION MARKET ANALYSIS WAS CONDUCTED IN 2021 AND WAS RELIED UPON FOR THE 2025 COMPENSATION DETERMINATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: NET ASSET TRANSFER FROM KENDAL CHARITABLE FUNDS PURSUANT TO MERGER 1,253,687. CHANGE IN INVESTMENT IN AFFILIATE 124,304. KENDAL OUTREACH LLC 591 COLLABORATION WAY SUITE 603 NEWARK DE 19713 200372308 PROVIDE SERVICES, EDUCATION, AND RESEARCH IN THE FIELD OF AGING PA 0 0 THE KENDAL CORPORATION KENDAL AGING C/O 591 COLLABORATION WAY SUITE 603 NEWARK DE 19713 823361136 PROVIDE SUPPORT SERVICES FOR RETIREMENT COMMUNITIES IN CA STATE CA 501(C)(3) LINE 12B, II THE KENDAL CORPORATION 1 KENDAL CHARITABLE FUNDS 591 COLLABORATION WAY SUITE 603 NEWARK DE 19713 232626425 INVESTMENT/FUNDRAISING IN SUPPORT OF THE KENDAL CORPORATION PA 501(C)(3) LINE 7 THE KENDAL CORPORATION 1 KENDAL NEW YORK 1010 KENDAL WAY SLEEPY HOLLOW NY 10591 061656576 PROVIDE SUPPORT SERVICES FOR TWO RETIREMENT COMMUNITIES IN NY STATE NY 501(C)(3) LINE 12A, I THE KENDAL CORPORATION 1 BARCLAY FRIENDS 700 N FRANKLIN ST WEST CHESTER PA 19380 232088476 OPERATE A CONTINUING CARE RETIREMENT COMMUNITY PA 501(C)(3) LINE 10 N/A 0 COLLINGTON LIFE PLAN COMMUNITY INC 10450 LOTTSFORD RD MITCHELLVILLE MD 20721 521281156 OPERATE A CONTINUING CARE RETIREMENT COMMUNITY MD 501(C)(3) LINE 10 N/A 0 KENDAL AT HANOVER 67 CUMMINGS RD HANOVER NH 037551263 020519490 OPERATE A CONTINUING CARE RETIREMENT COMMUNITY NH 501(C)(3) LINE 10 N/A 0 KENDAL AT HOME 27519 DETROIT RD WESTLAKE OH 44145 200548053 OPERATE CONTINUING CARE WITHOUT WALLS OH 501(C)(3) LINE 10 N/A 0 KENDAL AT ITHACA INC 2230 NORTH TRIPHAMMER RD ITHACA NY 14850 521787487 OPERATE A CONTINUING CARE RETIREMENT COMMUNITY NY 501(C)(3) LINE 10 N/A 0 KENDAL AT OBERLIN 600 KENDAL DR OBERLIN OH 44074 341567246 OPERATE A CONTINUING CARE RETIREMENT COMMUNITY OH 501(C)(3) LINE 10 N/A 0 KENDAL AT SONOMA 300 PAGE ST SAN FRANCISCO CA 94102 814896082 OPERATE A CONTINUING CARE RETIREMENT COMMUNITY CA 501(C)(3) LINE 10 N/A 0 KENDAL ON HUDSON 1010 KENDAL WAY SLEEPY HOLLOW NY 10591 133971396 OPERATE A CONTINUING CARE RETIREMENT COMMUNITY NY 501(C)(3) LINE 10 N/A 0 LEXINGTON RETIREMENT COMMUNITY INC 160 KENDAL DR LEXINGTON VA 24450 541795871 OPERATE A CONTINUING CARE RETIREMENT COMMUNITY VA 501(C)(3) LINE 10 N/A 0 LATHROP COMMUNITY INC 100 BASSETT BROOK DR EASTHAMPTON MA 01027 042996627 OPERATE A 55 & OVER COMMUNITY MA 501(C)(3) LINE 10 N/A 0 KENDAL AT VENTURA 300 PAGE ST SAN FRANCISCO CA 94102 882322210 DEVELOP, OWN, & OPERATE A SENIOR HOUSING FACILITY CA 501(C)(3) LINE 10 N/A 0 LIFE PLAN HUMBOLDT 2037 BLAKE RD MCKINLEYVILLE CA 95519 844757743 DEVELOP, OWN, & OPERATE A SENIOR HOUSING FACILITY CA 501(C)(3) LINE 10 N/A 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 1 KENDAL NEW YORK L 1933176 FMV KENDAL AGING L 997338 FMV