The Reach Healthcare Foundation

“The 990 is reviewed by the officers and accounting personnel. Any questions are addressed and corrections made if necessary. The 990 is then reviewed and approved by both the finance committee and the full board prior to filing the 990. The 990 review is documented in publicly available meeting minutes.”

“Conflict of interest disclosures are annually completed by the board of directors, officers, and staff. The president and executive committee review and monitor the annual disclosure forms and bring to the attention of the board or appropriate committee the disclosed personal or private interests. The board or committee shall then take appropriate disciplinary or corrective action which may include policy counseling, voting exclusion, or committee exclusion.”

“In 2020, the board conducted a comprehensive, commissioned salary review prepared by an outside compensation consultant. The executive committee makes a compensation recommendation to the board based on the commissioned review and other more current survey information available. The periodic independent assessment includes analysis of other organizations comparable in terms of such criteria as mission, assets, entrepreneurial mindset, budget, staff size, regional focus, and midwest location. The additional information provided to the executive committee every year includes: salary and benefit compensation studies, telephone calls, and irs form 990 filings. The board documents how it reaches its decision, including market data, advice, and opinions on which the decision is based. Meeting minutes are maintained providing a detailed record of the actions taken and the deliberations leading to the approved action. The minutes also document the members of the board present during the discussion and the results of the vote. The executive compensation review and approval processes and the board and chief executive relationship are documented in separate formal board policies.”

“In 2024, the board conducted a comprehensive, commissioned compensation review for all staff, including the cfo and vp of programs. The ceo makes a compensation recommendation to the board based on this commissioned review and other current related information that may be available. This includes relevant market information, including information for organizations comparable in terms of such criteria as mission, assets, entrepreneurial mindset, budget, staff size, regional focus, and midwest location. The information and salary recommendations are presented to the executive committee for review and input. Meeting minutes are maintained providing a detailed record of the actions taken.”

“Governing documents, conflict of interest policy, and financial statements are available to the public on our website at www.reachhealth.org. Also included on the website are policies regarding diversity and inclusion, records retention, investment objectives, whistleblower practice, and public access.”

“(Expenses $ 242,225 including grants of $ 117,718)(Revenue $ 0) DISCRETIONARY GRANTS AND MISCELLANEOUS GRANTS. DISCRETIONARY GRANTS SUPPORT SHORT TERM PROJECTS AND NEEDS (E.G., CONFERENCE AND CONVENING COSTS). IN 2024, 41 DISCRETIONARY AND OTHER GRANTS WERE AWARDED.”

“REVERSAL OF GRANT FUNDS - 75000; Total - 75000;”