Harnett Health System

“The executive committee shall be composed of the chairperson, the vice chairperson, the secretary and the treasuer. The executive committee shall have and may exercise the authority of the board in the management of the organization to the extent permitted by law during the intervals between meetings of the board. All actions taken by the executive committee shall be reported to the board.”

“Harnett health system, a north carolina nonprofit corporation, is the sole member of harnett health system foundation.”

“One member of the board of directors is appointed by harnett health system. The remaining members of the board are elected by the board subject to the approval of harnett health system.”

“The following actions require approval of harnett health system, the sole member: (a) amendment of the articles of incorporation; (b) the conversion, merger, consolidation, or sale of substantially all of the organization's assets; (c) the organization's dissolution; (d) adoption of an annual operating or capital budget; (e) normal operating expenditures, individually or in the aggregate, that exceed the budgeted cost by more than $10,000; (f) capital expenditures, individually or in the aggregate, that exceed the budgeted cost by more than $10,000; (g) taking action not contemplated by an approved budget (including officer compensation); (h) incurring indebtedness for money borrowed (other than trade accounts payable incurred in the ordinary course of business); (i) pledging or granting a security interest in any of the organization's assets (other than statutory liens arising by operation of law); (j) guaranteeing the obligations of a third party; (k) the acquisition, purchase, sale, encumberance or other disposition of real property; (l) loans to a third-party fund for money borrowed; (m) investing in the equity securities of a third party; (n) entering into a joint venture; (o) creating any new affiliate or subsidiary; and (p) entering into a transaction with a director or officer, or an affiliate thereof, other than on terms comparable to those which would be associated with a similar contract with an unrelated third party.”

“Printed copies are made available to the board of trustees at the administrative office prior to filing.”

“The conflict-of-interest policy is reviewed annually by the leadership of the board of trustees (throughout the year if needed) and administered to all voting board members”

“Photocopies of the recent filings of the form 990 are available upon request at the organization's administrative office. In addition, recent filings of the form 990 are available online at www.guidestar.org.”

“Photocopies of the organization's governing documents, conflict of interest policy and financial statements are available upon request at the organization's administrative office.”

“Other professional services: program service expenses 3,662. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,662.”

“The process for oversight and selection of an independent accountant has not changed from the prior year.”