Copley Woodlands Inc

“Copley health systems, inc., is the sole member of the corporation. The number of directors of the corporation shall include four board members selected by copley health systems, inc., and two residents of copley woodlands, which the residents shall select. Said directors shall serve unless and until removed by the entity which selected them. The regular term of office for each resident board member shall be two years. The directors shall have the general management of and control over all properties and affairs of the corporation and shall have and may exercise all the powers of the corporation except such as are expressly conferred upon or reserved to the members by law or by the articles of incorporation or bylaws.”

“The form 990 is prepared by an independent accounting firm based on the reviewed financial statements and information provided by the accounting department of the organization. Prior to filing, a tentative draft of the 990 is reviewed by the chsi board of directors. A complete copy of the form is made available to all members of the governing body through the finance office. A member of the chsi is also a member of the woodlands' board.”

“To ensure that the corporation operates in a manner consistent with its charitable purposes and that it does not engage in activities that could jeopardize its status as an organization exempt from federal income tax, periodic reviews of compliance with this policy and its disclosure requirements will be performed by the board of directors. All concerns relating to the effectiveness of this policy shall be considered by the board when brought to the attention of its president or managing agent. Additionally, the board shall annually review the statements and surveys completed by interested persons and shall maintain a list of individuals who may be considered disqualified persons under irs regulations. The managing agent shall review arrangements and agreements with vendors and other such transactions to make sure that they are reasonable, are a result of arms-length bargaining and do not result in inurnment or impermissible private benefit. The managing agent shall report the results of its reviews annually to the board. The managing agent of the corporation shall review any potential conflict of interest which involves an interested person who is not a director or officer of the corporation. The managing agent shall report the results of its reviews annually to the board of directors. In conducting the periodic reviews, the corporation may, but need not, use outside advisors. If outside experts are used, their use shall not relieve the board of its responsibility for ensuring that periodic reviews are conducted.”

“The governing documents are made available upon request. The conflict of interest policy and matrix are available upon request. The financial statements are summarized in an annual report that is available to the public. The hospital also submits both their budget and actual financial information to the state of vermont's department of financial regulation.”

“Copley hospital, inc files all w-2s on behalf of copley woodlands. The amount reported on line 2a reflects the number of employees that work for copley woodlands.”

“PURCHASED SERVICES - Total Expense: 167685, Program Service Expense: 112264, Management and General Expenses: 55421, Fundraising Expenses: ;”