Amsterdam Continuing Care Health System

“Amsterdam continuing care health system, inc. 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 management and is ready to be filed with the internal revenue service, a copy of the form 990 is provided to and reviewed by the audit committee. Any issues are reviewed and corrected. The cfo then makes the full 990 available to all board members prior to filing. Once the board has approved the return it is filed with the internal revenue service.”

“Directors, officers, and key persons must complete an annual disclosure and affirmation form in accordance with the conflict of interest policy. An interested director means any amsterdam director who has an interest as a principal, partner, director, officer, employee, agent, or stockholder (other than a stockholder of a publicly traded corporation whose stock is widely held) of any entity with which amsterdam has or contemplates transacting business. An interested director must disclose the relationship or interest in the transaction to the board of directors. Disclosure shall be made to the chairman of the board as soon as the interested director becomes aware of the potential for a conflict in connection with the transaction, who then shall inform the board. If the chairman is involved in the transaction, the chairman shall advise the secretary, who shall arrange for board disclosure. No interested director shall participate in the discussion, deliberations and voting regarding a transaction. The affirmative vote of the majority of all the directors shall be required before entering into the transaction (excluded in such counts is the interested director). No transaction shall be invalidated or affected in any way if this policy is followed. All officers and persons are required to disclose any potential conflicts of interest on an annual basis or sooner if a potential conflict or actual conflict should arise. Potential conflicts or actual conflicts are reviewed by the compliance officer. Executive employees are also required to disclose any potential conflicts of interest on an annual basis or sooner if a potential conflict or actual conflict should arise.”

“The organization makes its form 990 and form 1023 available for public inspection as required under section 6104 of the internal revenue code. The return is also posted on guidestar.org and other similar types of websites. In addition, the conflict of interest policy, articles of incorporation and by-laws are also available upon written request or by calling the organization directly.”