Aurelia Osborn Fox Memorial Hospital

“Bassett healthcare network is the sole member of a.o. Fox memorial hospital.”

“Bassett healthcare network is the parent and sole member to each of the following related parties: friends of bassett, aurelia osborn fox memorial hospital, bassett hospital of schoharie county, little falls hospital, o'conner hospital, templeton foundation, valley health services, and the mary imogene bassett hospital. As parent and sole member, bassett heathcare network has the right to appont and remove members of the governing boards, including, but not limited to, approval of operating and capital budgets, certain capital expenditures, indebtedness not contained in the approved budgets, substantive changes in clinical programs, mergers, consolidations, liquidations and dissolutions involving its subsidiaries and certificate of need applications.”

“See see disclosure for part vi, section a, line 7a.”

“Aurelia osborn fox memorial hospital presents the draft 990 to the finance/executive committee of the board of directors prior to filing. Any questions are raised and once approved, the 990 can be filed. A complete copy of the organization's final form 990, including all required schedules, as ultimately filed with the irs, is available to each member of the board before its filing with the irs.”

“Potential conflicts of interest are reviewed by hospital administration and if necessary are referred to the board executive committee to be handled appropriately.”

“The board executive committee determines compensation for the ceo based on the, "survey of the industries c0mpensation data" supplied by hanys. The ceo takes recommendations to the board executive committee based on hanys compensation survey.”

“The organization makes its governing documentation, conflicts of interest policies, and financial statements available upon request. Some information is also available through the department of health. The doh requires the information for public availability.”

“Agency: program service expenses 6,033,837. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,033,837. Service contracts: program service expenses 5,285,109. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,285,109. Consulting: program service expenses 4,647,976. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,647,976. Network shared svcs: program service expenses 6,248,820. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,248,820.”

“Change in post retirement valuation 1,281,705. Transfer of net assets 1,026,410.”

“The consolidated audit report is reviewed at a network level, by the bassett healthcare network audit committee.”