Beverly Hospital Foundation

“Beverly hospital foundation has had one member, beverly community hospital association (bcha), a california nonprofit public benefit corporation. The organization has 7 voting members in the governing body.”

“The organizations former sole member, bcha, had the power to elect members of beverly hospital foundations board of trustees. The organization has 7 voting members with the power to vote and elect the directors and officers of the governing body.”

“The following are the matters which must be submitted to, and receive the approval of, beverly hospital foundations sole member, bcha: the amendment or restatement of the articles of incorporation, bylaws, and operating procedures; the merger, consolidation, or dissolution of beverly hospital foundation; the adoption and implementation of personnel policies; and any other matter which may be specified by bcha. The governance decisions of the organization are subject to approval by the officers and directors of the governing body.”

“A public accounting firm prepared the form 990 in conjunction with the organizations accounting and finance staff. The draft form 990 is initially reviewed by the foundations board president of development and community relations; corrections or adjustments are made, as necessary. The completed form 990 is then reviewed in its entirety by all members of the governing board before it is filed with the internal revenue service. The organization provided a copy of form 990 to all the members of the governing body. Form 990 was sent to governing board.”

“All members of the board of directors complete a questionnaire annually. Questionnaires are reviewed by the governance committee of the board of directors. The governance committee refers a conflict of interest matter to the audit & compliance committee of bcha when the governance committee deems it appropriate in instances when a member of the governance committee may have a conflict of interest with respect to the matter before the committee. If a conflict is identified, the conflicted individual does not participate in deliberations and decisions impacting the conflicted matter. The organization consistently monitors and follows a screening process of its members and employees to comply with the conflict-of-interest policy.”

“Beverly hospital foundation does not compensate any of its employees; rather, the vice president of development and community relations is a paid employee of beverly community hospital association (bcha) a related organization. The compensation for the vice president of development and community relations is reviewed by the executive compensation committee of the bcha board of directors, which takes into account an annual survey and study completed by an independent compensation consulting firm.”

“The governing documents, conflict of interest policy, and financial statements are made available to the public upon request the organization has a record keeping policy which includes providing the access to the public records of the organization and making them accessible to the members, employees. And any other individual who request access to the documentation.”

“The onegoing chapter 11 bankruptcy proceedings by hospital stopped all activity as of april 2023.”

“Purchased services: program service expenses $31,606. Management and general expenses $154,623. Fundraising expenses 0 total expenses $186,228”

“Beverly hospital foundation fein: 23-7429685, being part of the obligated group with respect to debtor, beverly community hospital, filed a voluntary petition under chapter 11 of the united states bankruptcy code (case no. 2:23-bk-12361 sk). Subsequent to filing, howard ehrenberg was appointed trustee to administer the affairs of the bankruptcy estate. Assets of the estate, the assets of the business. Other expenses include certain administrative costs and similar other items incurred by the trustee. Certain other incurred and unpaid liabilities of the bankruptcy estate incude trustee, legal and accounting expenses which have been accrued. Any remaining expenses and non-deducted fees will be paid at the conclusion of the case, which is anticipated to close during 2024. Due to the bankrupt members insolvency, many accounting records were not adequately maintained and/or were not provided board. This includes records and information necessary to provide a complete and accurate accounting are not available and cannot be reconstructed. Consequently, no assurance can be provided by either the trustee, the board or the tax preparer that the returns being filed accurately reflect all transactions of the debtor and his related tax liability. To the extent that accounting transactions, records and other information were available or could be reconstructed; such information has been included herein and used as the basis for computation of the taxpayers income tax liability. Form 990 tax return fye 12/31/24 on july 24, 2025. All assets and business operations of this taxpayer and its related entities, beverly community hospital association and montebello community health services, inc. Were sold and operations of the hospital were terminated. As such, former employees were not available to provide accounting records and information required to prepare a complete tax return with assurance of all accuracy. Consequently, the attached tax return has been prepared with information available, but no assurance of complete accuray is provided by either the trustee, the board or tax preparer.”