Faithhealth Innovations

“The sole member of the organization is wake forest university baptist medical center, a north carolina nonprofit corporation.”

“The board of directors shall be elected by the sole member, wake forest university baptist medical center, pursuant to the amended and restated bylaws.”

“In addition to the sole member electing the directors, any action which the sole member (wake forest university baptist medical center, a tax-exempt irc section 501(c)(3) organization) may take with regard to the corporation may be taken without a meeting if a consent in writing, setting forth the action so taken, is signed by the sole member or ceo of the sole member. Finally, any amendment or repeal of the bylaws must be approved by the sole member prior to or contemporaneously with the adoption by affirmative vote of a majority of the entire board of directors.”

“There are no committees of the governing body, pursuant to the amended and restated bylaws.”

“The organization's board of directors receives a copy of the form 990 with sufficient time to permit review, comment and questions prior to its filing. The organization reviews all comments and answers all questions and concerns raised to ensure that all form 990 information is properly reported and disclosed. If modifications are required following such review, the revised form 990 is redistributed prior to its filing with the irs, along with a summary of the modifications.”

“The organization requires officers, directors and key employees to annually review the conflict of interest policy and determine any potential conflicts of interest. All officers, directors and key employees are required to determine and report potential conflicts annually, and as they arise. Any items disclosed are reviewed and managed in accordance with the organization's policy on conflicts of interest.”

“The filing organization does not pay compensation to directors and officers for their effort devoted to the organization. Certain officers and directors are employed by a related organization, wake forest university baptist medical center and by unrelated but affiliated organizations, charlotte mecklenburg hospital authority (cmha) and wake forest university health sciences, (wfuhs) and the determination of the compensation of such individuals is conducted via the process utilized by the wfubmc board, as follows: the advocate health compensation and benefits committee ("the committee") of the advocate health, inc. Board of directors ("the board") has authority as the board delegates to it, for the review and approval of executive compensation. The committee relies upon an external, independent compensation consultant retained directly by the committee to provide third-party compensation comparability data for evaluating the competitiveness and reasonableness of executive compensation and benefits programs relative to market practices for similarly situated healthcare organizations. In evaluating compensation, the committee follows corporate governance best practice such as adherence to the company's executive compensation philosophy and review processes; processes to ensure committee member and compensation consultant independence; data from healthcare organizations of comparable size, structure, and complexity; and establishment of the rebuttable presumption of reasonableness, per irs guidelines. Minutes of the deliberations of the committee are maintained in the advocate health, inc. Legal department.”

“The organization's articles of incorporation are available to the public on request and are available on the website of the north carolina secretary of state. The organization's bylaws are not published, but provisions from the bylaws are included as necessary in the organization's policies, and are attached to the form 1023 filed for the organization with the irs, which is publicly available. The conflict of interest policy and financial statements are available to the public on request.”

“Consultants & coaches: program service expenses 74,515. Management and general expenses 0. Fundraising expenses 0. Total expenses 74,515.”