1889 - Chs Foundation Inc

“1889 foundation, inc. Is the sole member of 1889 - chs foundation, inc.”

“The sole member of 1889 -chs foundation, inc., 1889 foundation, inc., has the power to approve or disapprove the election of or removal of members of the governing body.”

“All decisions of the governing body of 1889 - chs foundation, inc. Are subject to approval by its sole member, 1889 foundation, inc. The following powers shall be reserved exclusively to the sole member: (a) to approve or disapprove any amendments to the subsidiary corporation's articles of incorporation and bylaws before they become effective; (b) the power to direct the amendment of the subsidiary corporation's bylaws and/or articles of incorporation, provided such action is approved by at least two-thirds (2/3) of the sitting directors of the corporation after at least fifteen (15) days prior written notice to the member, setting forth the time, date and place of the meeting, that such action will be considered at the next meeting of the corporation's board. (c) to approve or disapprove the election or removal of members of the board of directors of the corporation and the board of directors of any subsidiary; (d) to approve or disapprove all operating and capital budgets; (e) to approve or disapprove the adoption of or the amendment of any subsidiary corporation's mission statement; (f) to approve or disapprove debt of the subsidiary corporation not already in an approved budget; (g) to approve the purchase, sale, lease, or mortgage of real property by the subsidiary corporation; (h) to approve the distribution, disbursement, loan, or donation of funds or assets of the subsidiary corporation; (i) to approve or disapprove the subsidiary corporation's strategic planning process and plan, as well as amendments thereto, including but not limited to the subsidiary corporation's programming decisions; (j) to approve or disapprove any merger, consolidation, division, liquidation, dissolution or winding up, or sale of all or substantially all the assets of the subsidiary corporation; and (k) to approve gifts and grants over $25,000 per year.”

“1889 - chs foundation, inc. Has a cpa firm prepare its form 990. The return is completed in draft form and reviewed by manangement of the organization. The form 990 is then provided to the board of directors for review before it is filed.”

“1889 - chs foundation, inc. Annually requires its board members, officers and key employees to fill out a conflict of interest form. During board meetings, if an interested party has a conflict, he or she recuses themselves from voting.”

“1889 - chs foundation, inc.'s board of directors annually reviews and approves the compensation of their organization's top management.”

“1889 - chs foundation, inc. Makes its form 990 and form 1023 available to the public upon request.”

“At this time, 1889 - chs foundation, inc. Does not make its governing documents, conflicts of interest policy and financial statements available to the general public.”

“Transfers to affiliates -3,600,000. Change in additional pension liability 479,866.”

“The organization has a finance committee that is responsible for overseeing the audit of the financial statements and selection of an independent accountant. This process has not changed from prior year.”