Meritus Healthcare Foundation Inc

“The sole member is mmc, the parent. Mmc has the right to elect the members of the governing body and approve significant decisions of the governing body.”

“Candidates for the mhf board are selected by the governance committee and presented to the mmc board by the chairman of the governance committee. Final election occurs through the mmc board.”

“Along with the election of governing members to the board, the mmc board (parent) also needs to review and approve the following before becoming effective and before the action is implemented: 1. Any merger, consolidation or dissolution of the corporation. 2. Annual business plan. 3. Annual budget. 4. Contractual obligations that meet any one of the following criteria: a. Fall outside the scope of the corporation's annual business plan. B. Require approval by external health and/or financial regulatory agency. C. Having the potential of adversely impacting the operation of any subsidiary of the member. 5. Any joint venture between the corporation and another person or entity that meets any one of the following criteria: a. Extends beyond the scope of the annual business plan of the corporation. B. Requires external approval by external health and/or financial regulatory agency. C. Has the potential of adversely impacting the operation of any subsidiary of the member. 6. Sales or transfers of all or substantially all of the assets of the corporation or sales or transfers of assets that meet with any one of the following criteria: a. Fall outside the scope of the corporation's annual business plan. B. Require approval by external health and/or financial regulatory agency. C. Has the potential of adversely impacting the operations of any subsidiary of the member. 7. Formation of a subsidiary. 8. Adoption and amendment of the mission and vision statements.”

“The form 990 was prepared by the finance department and reviewed by an independent accounting firm. A copy of the form 990 was provided to the finance committee of the parent board. Acting under the authority of the parent board, the committee reviewed the form 990 prior to the submission for the form 990 to the internal revenue service. In addition, the form 990 was provided to all members of the board prior to filing with the irs.”

“An annual disclosure of interest is required for all officers, directors or trustees, and key employees. These disclosures are then reviewed against the accounts payable system to determine the amount of transactions with the organization. All disclosures and transactions are reviewed by the audit & business integrity committee. After this review, a copy of the disclosures, by board or committee, listing the type of involvement/transactions the entity has with the named disclosure, if any, are provided to the chair of the board or committee. Any director with a determined conflict is prohibited from participating in the board's discussions and decisions with regards to that transaction.”

“The organization does not have any paid employees. All compensation to officers and directors reported on part vii of the form 990 was paid pursuant to the policies and procedures of a related organization, meritus medical center, inc.”

“Governing documents, conflict of interest policy, and financial statements are available upon request. In addition, the annual audited financial statements are made public through the state of maryland charitable registration division.”

“The hours of the president, secretary, and treasurer were spent attending board and committee meetings. Compensation provided to these persons was for services provided in their capacity as officers/employees of mmc and affiliates, not in their capacity as directors.”

“Meritus healthcare foundation (mhf), a recognized 501(c)(3) nonprofit organization, exists for the purpose of supporting the mission of mmc, which is to improve the health status of our region by providing comprehensive health services to patients and families. Mhf works to secure donations from individuals, businesses, and other organizations who wish to invest in quality patient care services and health, wellness, and outreach programs in our community. Donations received by mhf provide the resources needed to ensure that all individuals, regardless of financial circumstances, have access to medical care, education, and other patient care programs. In summary, reflective of its community healthcare mission, mhf provides awards for the following: cancer care: donor support provides patient assistance, spiritual care programming, equipment and technology for the cancer patients who turned to us for help and healing. Endowments: endowed funds support the hospital's medical programs, educational offerings, staff training, and community outreach programs. Patient assistance: this fund was established by the meritus health family of employees to provide support for uninsured or underinsured patients who are unable to afford the necessities of their recovery, including patient personal medical equipment, transportation, and medication beyond the financial assistance offered by mmc as charity care. Impact funding: through the generosity of donors, mhf is able to enrich new ideas and initiatives within the health system. Equipment and technology: donor contributions have provided funding for the purchase of transport devices for our emergency department and communication equipment to help better treat our incoming patients, as well as equipment at the ready to transport and provide life-saving plasma and blood. Education: educating our physicians, nurses, and staff is an investment in the very heart of our work. Pediatrics: the foundation helps mmc provide care to its youngest patients when they are sick or injured.”

“The filing organization has entered "0" in part v, line 1a and 2a because the organization's 1099 and w-2 returns are filed by and under the name and ein or meritus medical center, inc., a related organization, under a shared services agreement.”

“Discount on pledges receivable -74,517.”

“Mhf is audited as part of the consolidated audit of meritus health, inc. (mhi). Mhi received consolidated audited financial statements prepared in accordance with gaap from an independent accounting firm.”