Davis Health System Foundation Inc.

“Davis Health System, Inc. is the sole member of the Foundation. The Foundation's articles of incorporation and by-laws grant to Davis Health System, Inc. all rights granted to members of nonstock, nonprofit corporations by the laws of the State of West Virginia.”

“All directors are elected by Davis Health System, Inc., the sole member of the Foundation.”

“Davis Health System, Inc., the sole member of the organization, has the sole authority to amend, alter, restate, or repeal the Articles of Incorporation and by-laws; to elect, appoint, or remove any director; to adopt a plan of merger or consolidation with another organization; to authorize the sale, lease, exchange, or mortgage of substantially all of the property or assets of the organization; and to authorize the voluntary dissolution of the organization, revoke proceedings there for, and adopt a plan for the distribution of the assets of the organization upon dissolution.”

“Form 990 will be distributed to all board members. It will be presented and discussed at a Board meeting or Finance Committee meeting, whichever occurs first after completion of the 990. If the Finance Committee meeting is the first to occur, all Board members will be encouraged to attend the Finance Committee meeting where the Form 990 will be discussed.”

“The organization adheres to the conflict of interest policy of Davis Health System, Inc. That policy requires that each director, officer and committee member with board designated powers shall annually sign a statement which affirms the person has received a copy of the policy and reads and understands the policy. Board members complete the statement in August of each year. The statements are then reviewed by the Executive Committee. Additionally, senior staff is required to annually prepare a conflict of interest statement.”

“The Foundation utilizes Davis Medical Center's market salary study to evaluate and adjust the compensation of the director, officers, and key employees.”

“The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

“Administration fees: Program service expenses 45,873. Management and general expenses 5,990. Fundraising expenses 0. Total expenses 51,863.”

“Equity transfer from related party 88,423. Equity transfer to related party -650,000.”