St David'S Community Health Foundation

“Pursuant to its bylaws, initiative's sole corporate member is the st. David's foundation community fund.”

“Pursuant to its bylaws, the power to appoint and/or remove all positions on the board of directors is reserved to initiative's sole corporate member, st. David's foundation community fund.”

“Pursuant to initiatives' bylaws, certain powers and responsibilities are reserved to the sole corporate member, st. David's foundation community fund. The limited actions, each of which may be taken only with prior written approval of the sole corporate member, are as follows: 1. Amendment or restatement of initiative's articles of incorporation or bylaws; 2. Merger, consolidation, or dissolution of initiatives or establishment of any subsidiary; 3. Sale, lease, exchange, pledge, or mortgage of all or substantially all of initiatives' assets; 4. Sale, conveyance, lease, exchange, pledge, or mortgage of any real property in which initiatives has an interest; 5. Sale, conveyance, lease, exchange, pledge or mortgage of any personal property in which initiatives has an interest with a fair market value exceeding $100,000; 6. Acquisition or purchase of any real or personal property for consideration with a fair market value exceeding $100,000, unless such acquisition was previously budgeted; 7. Execution and delivery of any contract which requires the expenditure of more than $100,000 unless such expenditure was previously budgeted; 8. Adoption of the annual budget; 9. Establishment of or amendment to articles of incorporation or bylaws of any legal entity in which initiatives is a partner, participant, joint venturer, controlling shareholder, or sole member, and subsidiary thereof; 10. Guarantee of any debt not of initiatives, and; 11. Selection of the independent accountant for the annual audit.”

“Initiatives' form 990 is prepared by a nationally recognized tax firm in conjunction with the st. David's foundation finance staff. The st. David's foundation's tax, audit & compliance committee performs a comprehensive review of the draft form 990 prior to it being finalized and approved. A copy of the form 990 is then presented to the st. David's foundation board of trustees and the initiatives' board of directors for their review and comment, after which time the form 990 is electronically filed with the internal revenue service.”

“Initiatives annually verifies compliance with the conflicts of interest policy. The officers and directors are required to annually disclose any activities or relationships that could give rise to conflicts of interest. For each disclosure, a determination is made whether the potential conflict requires either recusal from participation in related discussions or decisions, or resignation or removal from the initiatives or its board of directors.”

“To establish the compensation of initiatives' top management officials, other officers, and key employees, a related organization which is initiatives' sole corporate member (st. David's foundation community fund) used the benchmark report of an independent consultant. The latest compensation report was completed in 2022 without participation of the officer, director, or other top management official under consideration. This process was undertaken to determine the compensation of the president, cara abazari.”

“Initiatives' governing documents, conflicts of interest policy, and financial statements are available to the public upon request.”