Bancroft Rehabilitation Services

“Form 990, part vi, lines 7a & 7b the members of the board of trustees are appointed to such position by the board of trustees of bancroft neurohealth, a related organization. The board of trustees of bancroft neurohealth must approve each of the following actions taken by the corporation in order for such action to be effective: any amendment of the corporation's certificate of incorporation and/or by-laws; any sale, lease, exchange, encumbrance or other transfer of all or any substantial portion of the corporation's assets, which is not made in the ordinary course of business; any merger of the corporation into another entity, any merger of another entity into the corporation, or any consolidation of the corporation with another entity; any adoption of a plan of liquidation or any other steps in liquidation or dissolution; and any transaction or other event in which the corporation becomes affiliated with another entity; any appointment or reappointment to the board of the corporation; the budget of the corporation and any material deviation from such operational budget, business plans or annual goals; any capital expenditures or series of capital expenditures in excess of $25,000 per fiscal year not included in the capital budget.”

“Form 990, part vi, line 11b management presents and reviews a draft of the form 990 with the audit committee for its approval prior to filing. This generally takes place at the april audit committee meeting. Prior to finalizing, a copy of form 990, as ultimately filed with the internal revenue service, is provided to the organization's governing body via email.”

“Interest policy form 990, part vi, line 12c compliance with the conflict of interest policy is monitored and enforced regularly and consistently. On an annual basis, each board member is asked to complete a disclosure questionnaire, which is then reviewed by the vice president of finance and the finance committee for the existence of potential conflicts. All potential conflicts are referred to the full board, which makes a determination as to whether the applicable member should recuse himself or herself from deliberations and decisions on the matter at hand. If the board determines that a conflict may exist, and the conflicted individual does not voluntarily recuse himself or herself, the conflicted individual is prohibited from participating in any of the board's deliberations and decisions related to the matter.”

“Form 990, part vi, lines 15a & 15b the organization does not generally compensate top management officials, officers, or key employees. These individuals are compensated by bancroft neurohealth, a related organization.”

“Form 990, part vi, line 19 the organization makes its governing documents, conflicts of interest policy and financial statements available to the public upon request.”

“Form 990, part ix, line 11g independent contractors are issued 1099s by bancroft neurohealth, a related organization. Bancroft neurohealth is then reimbursed for these expenses by bancroft rehabilitation services.”

“Form 990, part iv, line 24 pursuant to a master loan agreement, bancroft neurohealth has issued tax-exempt bonds. The obligated group under the master loan agreement includes bancroft rehabilitation services. Accordingly, all of the bonds that were issued in the name of bancroft neurohealth are reported on schedule k of its form 990.”

“Description:contracted services total fees:701784”

“Description:other total fees:105149”

“Description:temporary staffing total fees:30250”

“Description:consultants total fees:7600”