Greene County General Hospital Foundation Inc.

“Significant changes to its governing documents: changes were made to the governing documents to reflect the current operating procedures of the foundation: articles of incorporation: the list of current members for the foundation's board of directors was removed as this is not a requirement by law, and would create the need to update this document every time a new director was elected. The sole corporate member (hospital) was made clear. All references to shares and pensions were removed as the foundation does not issue either of these. Bylaws: there was a change in section 7: all checks, bills of exchange, etc., shall be signed by the ceo, cfo, or controller of the corporate member (hospital). Any outlays over $5,000 requires approval from the board of directors. All references to shares were removed as the foundation does not issue these.”

“Power to elect or appoint one or more members of the governing body: the greene county general hospital board of trustees appoints all but one member of the board members of the foundation.”

“Governance decisions of the organization: greene county general hospital has the right to approve amendments to the articles of incorporation.”

“Documentation of meetings held: the organization does not have any committees with authority to act on behalf of the governing body.”

“Process to review the form 990: the 990 will be provided to the board for review and to solicit their input. The 990 will not be filed until all feedback is received and the appropriate changes, if any, are made. The form 990 is also reviewed by an independent accounting firm prior to filing.”

“Process for monitoring compliance with conflict of interest policy: the board members sign an annual conflict of interest statement disclosing any conflict of interests. These statemetns are reviewed by the corporate compliance officer, the president of the board, and the foundation coordinator. Individuals with a conflict of interest are to recuse themselves from the decision making process regarding the conflict of interest.”

“Governing documents, conflict of int. Policy, and financial statements: the organization makes its governing documents, policies, and financial statements available to the public upon request.”

“Number of employees reported on form w-3: kyle cross is the only employee of the greene county general hospital foundation. He is paid through the greene county general hospital payroll and the foundation reimburses the hosptial for this expense.”

“Other changes in net assets or fund balances: loss in subsidiary*: $ 14,023 *loss reported only for tax and is not included in equity.”