Cmh Foundation

“Robert voet, lucy papes, and nick wolfe are board members of community memorial healthcare, inc. And curtis hawkinson is employed by community memorial healthcare, inc.”

“The sole member of the foundation is community memorial healthcare, inc.”

“Community memorial healthcare, inc. Has the power to appoint a majority of the board of trustees at all times.”

“Subject to the powers and authority reserved to COMMUNITY MEMORIAL HEALTHCARE(CMH) In the Articles of Incorporation and the Bylaws of Foundation, all powers of the Foundation shall be exercised by and under the authority of the Foundation Board of Trustees, and the property, business and affairs of the Foundation shall be managed under the Boards direction. Notwithstanding anything to the contrary herein, however, the Foundation Board of Trustees may not, without the prior approval of CMH: (a) Adopt any long-term capital or operational budget; (b) Adopt any changes in any annual or long-term capital budget or operational expense budget exceeding Two Hundred Fifty Thousand Dollars ($250,000) in any single transaction or Five Hundred Thousand Dollars ($500,000) in any one (1) Foundation fiscal year; (c) Approve or implement amendments to its mission statement or to strategic plans; (d) Amend the Bylaws or Articles of Incorporation of the Foundation; (e) Approve the transfer, sale or disposition of capital assets in any one (1) Foundation fiscal year in excess of Five Hundred Thousand Dollars ($500,000); (f) Organize or acquire, or authorize the organization or acquisition of any corporation, association, partnership, trust, shared service arrangement, joint venture or other entity, directly or indirectly, where the capital expenditure or the operating expenses by the Foundation in connection with such organization or acquisition in any one (1) Foundation fiscal year exceeds Five Hundred Thousand Dollars ($500,000); (g) Approve any indebtedness involving a mortgage or lien of any kind or nature on assets of the Foundation where the borrowing or indebtedness in any one (1) Foundation fiscal year exceeds Five Hundred Thousand Dollars ($500,000); or (h) Take any other actions which may be inconsistent with CMHs goals and objectives.”

“The cfo of community memorial healthcare, inc. Gathers information to prepare the form 990 tax return. This information is then given to an independent accounting firm who prepares and reviews the form 990. The independent accounting firm then provides the cfo a draft of the form 990 for comments and approval. Once the cfo and the cpa firm approve the form 990, a copy of the form 990 is given to the governing board members along with a response time for questions and comments. All issues are resolved, a final copy of the form 990 is sent to the entire board, and the 990 is filed.”

“Board of directors, officers, and committee members will complete a disclosure statement at the beginning of each cmh foundation fiscal year and provide such statement to the cmh compliance officer. The disclosure statement shall include any investment in, or any managerial, consulting, or employment relationship with, any outside entity that provides or seeks to provide goods or services to cmh, competes with, or includes cmh as a joint venture or equity investor. The interested director should abstain from discussion and voting on the matter by temporarily leaving the board meeting while the disinterested directors discuss and vote. The disclosure and abstention shall be recorded in the minutes of the board meeting.”

“The compensation committee of community memorial healthcare, inc. Consists of four members of the board and meets at least semi-annually or more or less frequently as necessary. The compensation committee exists to design, implement, and evaluate compensation for the ceo. The compensation committee completes evaluates and compares personnel wages to industry benchmarks, and performs the ceo and board evaluations. The compensation committee approved the initial contract for the ceo and the ceo is subject to the same percentage annual increase as other personnel. The deliberations and decisions regarding compensation arrangements are documented in board minutes.”

“The organization's 1099's and w-2's are filed on its behalf by community memorial healthcare, inc.(48-0630224), a related 501(c)(3) organization.”

“Asset transfer to cmh for previous loan payoff $(14,737,138) transfer of net pp&e from cmh $ 10,806,694 asset transfer to affiliate $ 5,817 ------------- ( 3,924,627)”