Primary Care Development Corporation

“The form 990 is prepared by an outside accounting firm. The 990 is then reviewed by the finance committee. Upon approval of the finance committee, the 990 is presented to the board of directors. The return is circulated to the board of directors in advance of the meeting. Once the board has approved the return it is filed with the internal revenue service.”

“Each year board members review pcdc's written policy and attest that they have read and will abide by the policy by signing an annual affirmation of policy on interested directors. When a director of pcdc has an interest in a pcdc matter, that director discloses their interest to the board prior to any discussion or vote regarding the matter; and the interested director absents him or herself from the discussion and/or votes concerning the matter. Conflicts are reported in the board minutes. A list of board matters is compiled annually for board members to review and reaffirm their disclosure(s) during the year. Similarly, all employees of pcdc annually review pcdc's confidentiality and conflict of interest policies and sign a statement acknowledging they have received, read and will abide by the policies. Any conflict of interests are required to be immediately disclosed to the chief executive officer. Employees also annually reaffirm in writing any conflict(s), and disclosure(s) thereof, during the prior year.”

“Compensation comparable data is compiled, either internally or by an independent consultant, on the chief executive officer (ceo), chief financial officer (cfo) and key employees and is reviewed by the governance committee (gc). The comparable compensation data is based on market analysis and comparison of 990s from other organizations with similar missions, programs, balance sheets, and budgets. Recommendation of ceo's and cfo's compensation is made by the gc to the board for its discussion and approval. The gc proposes compensation and determines the reasonableness of compensation in a process that includes performance appraisals and the review of comparative compensation data. The board makes the final decision in an executive session with no staff present. Key employee compensation is determined by the ceo annually based primarily on performance appraisals and comparable compensation data and is reviewed by the gc.”

“The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The return is available on guidestar.org and other similar types of websites. In addition, the financial statements, articles of incorporation, form 990, conflict of interest policy, and by-laws are also available upon written request.”

“The organization has a committee that is responsible for the oversight of the audit of its financial statements and selection of an independent accountant. The process has not changed from the prior year.”