Laboratory Services Cooperative

“All employees are leased from planned parenthood of the great northwest, but are monitored, managed, and controlled by laboratory services cooperative. The employees report directly to the organization's president and ceo, who report to the board of directors. All positions are approved by the board during the budget process or during board meetings. Since all employee costs are allocated to the affiliate members, the expense must be approved by the members. Budget and financial operations are reviewed by the finance committee and approved by the board of directors. Daily supervision and oversight are performed by leased employees, but significant or major activities and transactions are reviewed and approved by the board. Due to the nature of cooperative, board members must be involved in order to successfully manage the relationship and process flow between their respective affiliate and cooperative. There were two directors compensated by the management company. The first was christine charbonneau, who received $354,907 in reportable compensation and $22,561 in estimated amount of other compensation. The second was rebecca poedy, who received $238,619 in reportable compensation and $15,655 in estimated amount of other compensation.”

“The members are exempt health care entities that use the services of the organization.”

“The organization has one class of membership - active members. Each member has one vote and may vote for amendments to articles of incorporation, election of board, and other matters determined by board or members.”

“Each member is entitled to one vote in the selection of the board of directors or in any other proposals submitted by the board of directors to the cooperative membership. Specific powers of board of directors include providing leadership to management; establishing financial targets and measure and approving annual plans and budgets; selecting president and prescribing duties; and formulating slate of directors to present to the members for election to the board of directors.”

“Form 990 is prepared with the assistance of an external tax accountant, distributed and reviewed by the board before filing with the irs.”

“The president shall disclose to the board of directors all conflicts of interest reported to him or her under this policy. The board of directors will evaluate the disclosures to determine whether they involve actual conflicts of interest and may attempt to develop alternatives to remove the conflict from the situation. Each covered person shall sign a statement acknowledging that he or she has received a copy of this policy, has read and understands it, and agrees to comply with it. If the board of directors has reasonable cause to believe that a covered person has failed to comply with this policy, the board may counsel the covered person regarding such failure and, if the issue is not resolved to the board's satisfaction, may consider additional corrective action as appropriate.”

“The organization is implementing an executive compensation policy during 2015.”

“Documents are available upon request following approval for release pursuant to business purpose.”

“The organization implemented a whistleblower policy during 2015.”

“Consultant and temp labor: program service expenses 192,559. Management and general expenses 48,140. Fundraising expenses 0. Total expenses 240,699.”

“Current year distributions to members per irc sec. 501(e) -2,496,734. Reimbursement -63,000.”

“The organization was included in a consolidated audited financial statement, however, this question is answered as no because the audited financial statements were not audited on the same tax year as the period for the organization's form 990. The audit was conducted for the period 1/1/2013 thru 12/31/2013 rather than the organization's tax year of 7/1/2013 thru 6/30/2014.”