Physicians' Home Inc

“Physicians' home has two (2) classes of membership, contributing members and administrative members. Contributors of $20 or more to physicians' home are contributing members of the corporation for that fiscal year. Those elected by the members to be directors, trustees, or officers of the corporation are administrative members.”

“Each contributory member may attend the annual meeting of the organization, and vote for the governing body. Members of the governing body are considered administrative members. Each contributing member and administrativer member of the corporation is entitled to one vote, in person or by proxy, at all meetings of members.”

“The organization has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. When the form 990 has been prepared, reviewed by appropriate officers and the internal accountant and is ready to be filed with the internal revenue service, a paper copy of the form 990 is provided to the board members of the organization for any comments. Any comments are then grouped, summarized and provided to the outside accountants. Each issue is documented and addressed until the return is finalized and approved for filing.”

“The physicians' home conflict of interest policy covers all members of the board of directors, trustees, officers, accountant(s), auditor(s), investment manager(s), and office staff. These persons receive a statement of conflict of interest policy (which also covers confidentiality and whistleblower activities). The conflict of interest statement requires that persons covered under the statement will disclose to the executive committee any such situation. If and when a potential conflict of interest is disclosed and validated by the executive committee, the person is expected to recuse himself/herself from the related activities.”

“One officer receives compensation for acting as manager/coo, the president. This compensation was approved by the board of directors. No review of comparable data was considered necessary since the level of compensation was deemed nominal.”

“Governing documents, conflict of interest policy statement, and financial statements are available to the public, upon request.”

“Board member participation is documented in our minutes, and as can be seen by the minutes for the annual meeting and executive committee meetings, good representation is present to provide discussion and advice in regard to the activities of the organization. Of the twenty-one directors and trustees there were three who were unable to participate to any extent during the year. In one case, her term was completed in november 2013. Another one of the three is older in age and has served the organization well over the years; he remains as a trustee in part as a courtesy toward his previous service. The third individual was unable to participate due to other commitments, however, in prior years he was an active participant. Directors will be periodically informed that participation by all to some extent is necessary.”

“Board member mary dodd receives no compensation in her capacity as board member and officer. She does receive compensation as an independent contractor in her capacity as a social service consultant to physicians' home, inc.”

“Change in value of charitable remainder trust 24,445.”