The University of Vermont Medical Center

ORGANIZATION'S MISSION

“FORM 990, PART I, LINE 1 & PART III, LINE 1 THE CORPORATION IS ORGANIZED AND SHALL BE AT ALL TIMES OPERATED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986 AND WHICH CARRY OUT THE PURPOSES, PERFORM THE FUNCTIONS, OR OPERATE FOR THE BENEFIT OF THE UNIVERSITY OF VERMONT MEDICAL CENTER INC. GOVERNING BODY AUTHORITY FORM 990, PART VI, SECTION A, LINE 1A THE AUXILIARY'S GOVERNING BODY AND GOVERNING DOCUMENTS DELEGATE BROAD AUTHORITY TO AN EXECUTIVE COMMITTEE CONSISTING OF THE PRESIDENT, VICE PRESIDENT, RECORDING SECRETARY, CORRESPONDING SECRETARY, AND TREASURER OF AUXILIARY, THE IMMEDIATE PAST PRESIDENT FOR A TERM OF ONE YEAR, AND THE CHAIRS OF ALL COMMITTEES. FORM 990, PART VI, LINE 6 the UNIVERSITY OF VERMONT MEDICAL CENTER AUXILIARY (AUXILIARY) IS A MEMBERSHIP ORGANIZATION. MEMBERS ARE RESIDENTS OF THE UNIVERSITY OF VERMONT MEDICAL CENTER SERVICE AREA WHO ARE INTERESTED IN SUPPORTING THE AUXILIARY AND THE WORK THE ORGANIZATION DOES FOR THE HOSPITAL. MEMBERS PAY ANNUAL DUES TO THE ORGANIZATION TO REMAIN IN GOOD STANDING AND ALL MEMBERS IN GOOD STANDING RETAIN VOTING RIGHTS. FORM 990, PART VI, LINE 7a ALL MEMBERS IN GOOD STANDING HAVE THE RIGHT TO VOTE FOR ALL MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, LINE 7b FROM TIME TO TIME VARIOUS POINTS OF ORDER ARE BROUGHT FORWARD TO THE MEMBERS TO VOTE ON. THIS INCLUDES, BUT IS NOT LIMITED TO, ELECTION OF THE BOARD AND THE DETERMINATION OF LARGE GIFTS OR PLEDGES MADE TO THE MEDICAL CENTER. FORM 990, PART VI, LINE 11A the UNIVERSITY OF VERMONT MEDICAL CENTER AUXILIARY'S FORM 990 IS PREPARED BY A PAID PREPARER AND REVIEWED BY the UNIVERSITY OF VERMONT MEDICAL CENTER (THE SUPPORTED ORGANIZATION) FINANCE MANAGEMENT. THE COMPLETED FORM 990 IS PROVIDED TO ALL MEMBERS OF the UNIVERSITY OF VERMONT MEDICAL CENTER AUXILIARY'S BOARD OF DIRECTORS PRIOR TO THE FORM BEING FILED WITH THE IRS. FORM 990, PART VI, LINES 12B & 12C THE ORGANIZATION HAS ADOPTED A CONFLICT OF INTEREST POLICY AS PART OF THE GOVERNING DOCUMENTS OF THE ORGANIZATION. FOR FY 2016, THE MEMBERS OF THE BOARD OF DIRECTORS WERE SENT QUESTIONNAIRES TO COMPLETE REGARDING POTENTIAL OR ACTUAL CONFLICTS. UPON RECEIPT OF THE QUESTIONNAIRES, THE ORGANIZATION REVIEWS THEM FOR ANY POTENTIAL OR ACTUAL CONFLICTS. ANY THAT ARE IDENTIFIED ARE REVIEWED WITH THE CHAIRPERSON OF THE BOARD. THE CHAIRPERSON WOULD THEN DETERMINE ANY RESTRICTIONS IMPOSED ON THE PERSON WITH THE CONFLICT, WHICH COULD INCLUDE PROHIBITING THEM FROM PARTICIPATING IN THE GOVERNING BODY'S DELIBERATIONS AND DECISIONS IN THE TRANSACTION. FORM 990, PART VI, LINE 15 the UNIVERSITY OF VERMONT MEDICAL CENTER AUXILIARY DOES NOT COMPENSATE ITS CEO OR OTHER OFFICERS REPORTED ON FORM 990, PART VII. FORM 990, PART VI, LINE 19 GOVERNANCE DOCUMENTS CONSIST OF THE ORGANIZATION'S ARTICLES OF INCORPORATION AND BYLAWS. THE ARTICLES OF INCORPORATION ARE FILED WITH THE VERMONT SECRETARY OF STATE AND ARE PUBLICLY AVAILABLE THROUGH THAT OFFICE. THE BYLAWS ARE NOT PUBLICLY POSTED, BUT WOULD BE FURNISHED TO ANY MEMBER OF THE PUBLIC WHO REQUESTS A COPY. THE AUXILIARY'S CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST. THE FINANCIAL STATEMENTS ARE NOT PUBLICLY POSTED, BUT WOULD BE FURNISHED TO ANY MEMBER OF THE PUBLIC WHO REQUESTS A COPY. FORM 990, PART IX, LINES 7 & 9 DUE TO THE SIZE AND STRUCTURE OF THE UNIVERSITY OF VERMONT MEDICAL CENTER AUXILIARY, ALL EMPLOYEES ARE LEASED FROM the UNIVERSITY OF VERMONT MEDICAL CENTER, THE SUPPORTED ORGANIZATION. ALL SALARY AND BENEFIT EXPENSES ARE PAID BY the University of Vermont Medical Center AND ARE REIMBURSED BY THE AUXILIARY. THIS REIMBURSEMENT EXPENSE IS REPORTED AS SALARY AND FRINGE BENEFITS IN PART IX, LINES 7 AND 9.”