Cambridge Health Alliance Foundation Inc

“Jill batty, andrew fuqua, assaad sayah, md are, and connie young was, also employees of cambridge public health commission or its other wholly-owned subsidiaries, and therefore have a business relationship.”

“Cambridge public health commission d/b/a cambridge health alliance is the sole corporate member of cambridge health alliance foundation, inc.”

“Cambridge public health commission d/b/a cambridge health alliance has the right to appoint, and does appoint, all members of the cambridge health alliance foundation, inc. Board of directors.”

“As set forth in the bylaws of cambridge health alliance foundation, inc. (the "organization"), certain actions of the organization's board of directors must be approved by cambridge public health commission d/b/a cambridge health alliance ("cha"), the organization's sole corporate member. These actions requiring cha approval include adoption of the organization's budget; any merger, consolidation, joint venture, or affiliation; any capital transaction or incurrence of debt greater than $500,000; amendments to the organization's bylaws or articles of organization; the sale or other disposition of or mortgage or grant of a security interest in all or substantially all of the organization's assets; and dissolution or liquidation of the organization. Cha has authority to approve or deny any such decision made by the organization's board of directors. Items can be recommended to the board of cha or its committees for review and approval.”

“Cambridge health alliance foundation, inc.'s form 990 was prepared with the assistance of its outside tax accountants and paid preparer (ernst & young llp). Cambridge health alliance foundation inc.'s internal management and cambridge public health commission d/b/a cambridge health alliance ("cha") employees reviewed the form 990 and provided comments and changes. Once the return was updated the form 990 was presented for review to each voting member of the cha board of trustees finance committee. Ernst & young llp then finalized the form 990 based on the review and feedback of the cha board of trustees finance committee. Copies of the completed form 990 were distributed in electronic or paper form to members of the cambridge health alliance foundation, inc.'s governing body prior to filing with the irs.”

“The organization has a conflict of interest policy for its directors and one for its officers. The organization regularly and consistently monitors and enforces compliance with these conflict of interest policies by annually surveying its officers and directors. Officers and directors are also given a copy of the applicable conflict of interest policy along with the annual survey and are reminded of their obligation to promptly report any new potential conflicts that arise. The compliance officer reviews the responses. If a conflict of interest is determined to exist, the applicable individual is precluded from participating in deliberation on or decision-making regarding the topic giving rise to the conflict. Each conflict policy contains disciplinary provisions to address violations of the policy.”

“The organization has an active document retention and destruction policy approved by management. This policy has not been approved by the board or a committee of the board as of june 30, 2024.”

“The compensation committee of the board of trustees of the organization's sole member, camrbidge public health commission d/b/a cambridge health alliance ("cha") is the authorized body for reviewing the president's compensation. The president is an employee of a related organization that provides the president's services to the organization. The committee is composed of independent persons. The committee relied upon comparability data obtained by an independent consultant when approving the president's 2023 compensation and documented their decision in the board minutes.”

“The compensation committee of the board of trustees of cambridge public health commission d/b/a cambridge heath alliance ("cha") is the "authorized body" for reviewing compensation of all officers of cha and its subsidiaries, including cambridge health alliance foundation, inc. (the "organization"). The compensation committee also reviews all compensation of clinical department chiefs and those key employees of cha and its subsidiaries (including the organization) who are "disqualified persons" under section 4958 of the internal revenue code. The compensation committee consists of independent members and reviews and recommends compensation based on market data and benchmarks provided by independent consultants.”

“The governing documents, conflict of interest policy, and financial statements are available to the public either by mail or in person at the organization's office, depending on the form of request.”

“The gross receipts from the golf tournament event were recorded as fully restricted funds during the fiscal year.”

“Cambridge health alliance foundation, inc. (the "organization") is a wholly owned subsidiary of the cambridge public health commission d/b/a cambridge health alliance ("cha"), a public health system created by and existing pursuant to a special act of the massachusetts legislature. The organization provides fundraising support for cha and all related organizations in furtherance of cha's mission to improve the health of communities it serves.”

“Cambridge health alliance foundation, inc. Does not have any employees. The form 990 part ix shows salaries expense because it is reimbursed to a related organization.”

“Change in net assets or fund balance included: net change in grant deferred - (845,238) transfer of intercompany balances to fund balance - ($963,755)”