Nebraska Pediatric Practice Inc

“There are two members of the corporation: (a) the board of regents of the university of nebraska, a public body corporate, acting on behalf of the university of nebraska medical center, college of medicine (the academic member), and (b) children's hospital and medical center, a nebraska nonprofit corporation (the hospital member). The members retain the following powers, notwithstanding anything in these bylaws to the contrary: a. In accordance with the bylaws, each member shall have the power to appoint certain directors of the corporation under article iii, section 2, and remove certain directors of the corporation under article ii, section 11. B. In accordance with the bylaws, the members shall have the power to approve the appointment and removal of the person designated by the board of directors as the corporation's executive director. C. The members shall have the power to approve or refuse to approve any amendment to the corporation's article of incorporation or the bylaws, or any action required to be submitted to and approved by voting members of a nonprofit corporation under the nebraska nonprofit corporation act. D. The following actions of the corporation are subject to approval by the members: (i) adoption and adjustment of the corporations annual budget, capital expenditures budget, mission statement, operating plan, and long-range plan; (ii) incurrence of assumption of debt (other than trade payables); (iii) adoption of compensation plans; (iv) assessments against members; (v) reorganization and transfer of assets outside of the ordinary course of business; (vi) establishment of a subsidiary or participation as a shareholder, partner, or member of any other entity; (vii) any distribution of capital or net earnings of the corporation; (viii) dissolution of the corporation; and (ix) admission of new members. The affirmative approval of both members is necessary for any action of the members.”

“See narrative above for form 990, part vi, section a, line 6.”

“See narrative above for form 990, part vi, section a, line 6.”

“The form 990 will be distributed via boardvantage to the nebraska pediatric practice board members for review prior to filing with the irs. However, since all compensation information will be redacted from the copy sent to the board, the taxpayer is answering the question on part vi, line 11a "no".”

“Nebraska pediatric practice has a conflict of interest policy which exists to identify and ethically resolve conflicts of interest which may exist on the part of directors, officers, and members of committees as required by standards promulgated by the joint commission, the internal revenue code and treasury regulations governing tax-exempt organizations, requirements placed upon providers by medicare and medicaid program regulations, and state law. An officer, director, or committee member will be deemed to have a potential conflict of interest in a contract or transaction if he or she, or a family member, is a party (or one of the parties) contracting or dealing with nebraska pediatric practice, or if he or she, or a family member, is a director, officer, or general partner in, or has a financial interest in, the entity contracting or dealing with nebraska pediatric practice. Any potential conflict of interest should be disclosed to the board of directors and made a matter of record whenever it arises, or whenever it involves a matter of board action. Any officer, director, or committee member having a possible conflict of interest in any matter should not vote or use his or her personal influence on the matter. Transactions involving persons with conflicts must be approved in advance by a majority of disinterested directors. Disinterested directors are those directors having no direct or indirect interest in the issue or transaction. In order to approve an arrangement or transaction involving conflicts of interest, the board must first find, by majority vote of disinterested directors, at a meeting at which a quorum is present, that the arrangement is in nebraska pediatric practice's best interest, is fair and reasonable to nebraska pediatric practice and that, after reasonable investigation, the disinterested directors have determined that a more advantageous transaction or arrangement cannot be obtained with reasonable efforts under the circumstances. All officers, directors and committee members are required to review the conflict of interest policy and complete a conflict of interest questionaire upon initially joining the boards of directors and annually thereafter. The corporation's board of directors shall serve as the conflict review committee, unless it chooses to appoint a committee composed of the directors of the board to assume this responsibility. When questionaires or interim disclosures of any member of the conflict review committee are being reviewed, the member being reviewed shall be excused from the committee's deliberation and action.”

“Each year, an independent company conducts a market analysis of compensation, to substantiate the compensation of the president of the corporation as well as the physicians. This information is presented to the compensation committee of the hospital member's board of directors. The independent company issues an annual reasonableness opinion letter regarding the approrpriateness of executive and physician pay levels. The hospital member's board of directors receives a report from the committee.”

“Governing documents, conflict of interest policy, and financial statements are not available to the public.”

“Staff support: program service expenses 29,959,629. Management and general expenses 0. Fundraising expenses 0. Total expenses 29,959,629. Contract providers: program service expenses 9,326,238. Management and general expenses 0. Fundraising expenses 0. Total expenses 9,326,238. Billing fees: program service expenses 5,603,806. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,603,806. Recruitment: program service expenses 151,645. Management and general expenses 40,256. Fundraising expenses 0. Total expenses 191,901. Consulting: program service expenses 37,288. Management and general expenses 321,051. Fundraising expenses 0. Total expenses 358,339. Collection: program service expenses 0. Management and general expenses 505,903. Fundraising expenses 0. Total expenses 505,903. Other: program service expenses 271,901. Management and general expenses 72,782. Fundraising expenses 0. Total expenses 344,683.”

“Support from hospital member 79,205,822.”

“Support from hospital member for cash flow - reason for no fund balance at end of year: $79,205,823.”