Wolf River Area Healthcare Foundation Inc

“Wolf river area healthcare foundaton, inc.'s sole member of the single class of voting members is thedacare medical center - new london, inc.”

“The election and removal of directors is subject to ratification by thedacare medical center - new london, inc. Before the actions take effect.”

“The following actions are subject to ratification of thedacare medical center - new london, inc. Before the actions can take effect: 1. Amendment of the bylaws of this corporation 2. Merger, consolidation or dissolution of this corporation 3. The creating of any subsidiaries or affiliates of this corporation 4. Adoption of the annual budget and expenditures which exceed 110% of ratified budget 5. Selection of the executive director 6. Capital expenditures over $25,000 7. Selection of investments over 40% of retained earnings 8. Borrowings over $25,000”

“A draft of the form 990 is provided to the organization's designated committee of the board of directors for review and discussion at a board meeting. The final version of the form 990 is e-mailed to the entire board before the return is filed.”

“The organization monitors and enforces compliance with the conflict of interest policy through surveys, which are reviewed by the compliance officer and committee. All employees and board members are covered under the conflict of interest policy. The corporate compliance committee reviews the potential conflict and the cfo/board of trustees review all conflicts. After disclosure of the conflict, the employee shall not participate in the decision whether to engage in the transaction in which the employee has an interest.”

“The compensation process for top officials of the organization is managed by their employer for payroll purposes, thedacare, inc., a related organization. Management of thedacare, inc. Determines a fair and reasonable compensation for these individuals based on market and comparability data provided by human resources. No other officers of the organization receive any compensation.”

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

“Net asset transfer to thedacare family of foundations, inc. -639,593.”

“Oversight of audit: this process has not changed from the prior year.”