Thurston Corporation

“Bassett healthcare network follows the same policies as the mary imogene bassett medical hospital (d/b/a bassett medical center).”

“Bassett healthcare network follows the same policies as the mary imogene bassett medical hospital (d/b/a bassett medical center).”

“JANE CLARK & KEVIN MOORE - Business relationship”

“Organization's process to review form 990 the 990s are provided to the board before filing. If there are any questions or concerns, they can raise it with the board, ceo and/or cfo.”

“Enforcement of conflicts policy bassett healthcare network does not have an internal conflict of interests policy per se, but the organization does follow the policy of the mary imogene bassett hospital (dba bassett medical center). Bassett medical center's response to part vi, line 12a is as follows: the organization's conflict of interest policy applies to the board of trustees, including any committees of the board, individual members of the board (ceo, coo, cfo), vice presidents, and all directors serving as directors team members. Upon the commencement of an individual serving in the roles previously defined, and thereafter annually by january 1, a conflict of interest questionnaire which is prescribed by the audit committee of the board of trustees must be completed. All completed questionnaires are reviewed by the compliance officer of the organization. Any potential conflict of interest will be discussed with the individual and/or with legal counsel. The compliance officer will take action to eliminate the potential conflict of interest, if deemed appropriate. After investigation if it is deemed that the individual has failed to comply with such policies and directives, appropriate corrective action will be taken. The audit committee of the board of trustees may determine whether the corrective action is satisfactory and, if not, shall require action.”

“Bassett healthcare network has a formal process that is used to determine the base compensation of the president on an annual basis. This process includes a compensation committee of the board of trustees, compensation survey or study, and approval by the board of trustees or the compensation committee. Bhn pays non-fixed earnings based on the success in meeting performance criteria that are prospectively agreed upon as goals for the ceo.”

“Bassett healthcare network has a formal process that is used to determine the base compensation of other officers on an annual basis. This process includes a compensation committee of the board of trustees, compensation survey or study, and approval by the board of trustees or the compensation committee. Bhn pays non-fixed earnings based on the success in meeting performance criteria that are prospectively agreed upon as goals for the other officers.”

“Governing documents disclosure explanation bassett healthcare network makes its governing documents and financial statements available to the public upon written request. Parties desiring to obtain copies of such must present themselves at the administration offices of bassett healthcare network or by sending a self-addressed stamped envelope and payment for the copying of requested material to the bassett healthcare network administrative offices. The cost of copying shall be equal to the costs imposed by the irs for copying of public documents.”

“Mission statement: improving the health of our patients and the well-being of our communities. Vision: through advanced integrated clinical services, education, and research, we aspire to be a model of excellence for health, creating remarkable patient experiences and better living. Bassett healthcare network is the parent organization to the mary imogene bassett hospital (d/b/a bassett medical center), a.o. Fox memorial hospital, the o'connor hospital, bassett hospital of schoharie county (d/b/a cobleskill regional hospital), little falls hospital, valley health services, inc., valley residential services, friends of bassett, inc. And templeton foundation pursuant to section 509. Through reserve powers given to the organization in the bylaws of the supported organizations, the organization has the power to appoint the directors, trustees, and presidents of the supported organizations.”

“Mission statement: improving the health of our patients and the well-being of our communities. Vision: through advanced integrated clinical services, education, and research, we aspire to be a model of excellence for health, creating remarkable patient experiences and better living. Bassett healthcare network is the parent organization to the mary imogene bassett hospital (d/b/a bassett medical center), a.o. Fox memorial hospital, the o'connor hospital, bassett hospital of schoharie county (d/b/a cobleskill regional hospital), little falls hospital, valley health services, inc., valley residential services, friends of bassett, inc. And templeton foundation pursuant to section 509. Through reserve powers given to the organization in the bylaws of the supported organizations, the organization has the power to appoint the directors, trustees, and presidents of the supported organizations.”

“Beginning in 2023, bassett healthcare network began to allocate network management expenses to its affiliate organizations which report these expenses on their respective form 990s. The expenses allocated to affiliates include salaries and wages of network employees. The network is issuing forms w-2 to these employees. Due to this change, the expenses reported on the network's part ix statement of functional expenses are less than in prior years and are also less than the amount reported as w-2 compensation paid by the network.”

“OTHER EXPENSE - Total Expense: 1281281, Program Service Expense: 1281281, Management and General Expenses: , Fundraising Expenses: ;”