Emerson Health Care Foundation Inc

“Board members denise haartz, gloria clough and anna winter rasmussen serve together on the board of directors of the louisa may alcott orchard house of concord.”

“Emerson health system, inc acting through its board of directors, is the member for emerson health care foundation.”

“The number and composition of the board of directors is fixed annually by the member, emerson health system.”

“The number and composition of the board of directors is fixed annually by the member, emerson health system.”

“The completed form 990 was presented to the board of directors during a regularly scheduled meeting and was open for review, discussion, questions and comments prior to filing.”

“The board of dierctors requires that all board members and senior managers complete and sign the conflict of interest questionnaire annually. The executive director reviews these questionnaires and summarizes any issues that could create a conflict of interest. This summary is reviewed by the governance committee of the board of directors and is presented to the entire board annually so that all board members are aware of potential conflicts of interest and have information they can rely on if they feel an individual may have divided loyalties on a decision coming before the board of directors. The board chair is responsible for evaluating any conflict of interest and determining the treatment of the situation according to board policy.”

“The ceo and chief philanthropy officer of emerson health care foundation are employed by emerson hospital. Emerson hospital's board of directors holds the sole responsibility for establishing the compensation of the ceo. The compensation committee, a subcommittee of the board of directors comprised of at least three independent board members, is responsible for the review and recommendation of the ceo's compensation. This analysis includes an annual independent review of comparable institutions. The sr vp & chief operating officer, acting as staff support for the committee, maintains written records on compensation and the committee's actions. Meeting minutes document the committee's decision-making process, the types of comparable data that was used to determine the fair market value for an executive's services and the nature of any decisions made so as to establish a rebuttable presumption of reasonableness for compensation for a disqualified individual. The compensation committee also reviews and approves the ceo's recommendation of compensation for key employees including officers and vice presidents. This analysis includes and independent review of comparable institutions. The sr vp & chief operating officer, acting as staff support for the committee, maintains written records on compensation and the committee's actions. Meeting minutes document the committee's decision-making process, the types of comparable data that was used to determine the fair market value for an executive's services and the nature of any decisions made so as to establish a rebuttable presumption of reasonableness for compensation for a disqualified individual.”

“The form 990 is available on the massachusetts attorney general's website. Forms 1023 and 990 are also available upon request to the foundation.”

“Emerson health care foundation's by-laws are available on the massachusetts secretary of state's website. Conflict of interest policy and financial statements are available upon request.”

“All personnel are employees of emerson hospital, inc and w-2s are issued by emerson hospital. The expense for employees doing the work of emerson health care foundation is allocated to emerson health care foundation via intercompany accounts. The amounts on lines 5, 7, and 9 represent the expense allocated by emerson hospital.”

“Transfer to affiliates 675,831. Net assets released for operations -346,431.”