Lake Hospital Foundation Inc

“Lake hospital system, inc. Is the sole member of lake hospital foundation, inc.”

“Lake hospital system, inc. Has the power to elect or appoint one or more members of the governing body.”

“While the board of trustees is granted certain powers with respect to operations, as the member, lake hospital system, inc. Retains approval rights with respect to certain corporate actions such as (i) finances and financing, (ii) investments, (iii) legal matters, (iv) material asset sales and transfers, and (v) strategic planning.”

“The form 990 is prepared by an independent third-party public accounting firm. Management reviews the 990 before the complete copy is made available to the foundation board before filing.”

“The system has adopted six conflict of interest policies that set forth guidelines related to transactions with disqualified persons (as defined in applicable federal regulation). These policies apply to all employees, employed physicians and other licensed practitioners (excluding physician trainees), directors, officers, and related parties to uh and its wholly-owned subsidiaries. Uh regularly and consistently monitors and enforces compliance with the conflict of interest policies. Designated individuals, (e.g., uh management, directors, employed physicians, and advanced practice professionals), are required to complete an annual disclosure and provide information regarding any interests that may be potential conflicts pursuant to the conflict of interest policies. They are required to provide any changes or new disclosures should they occur. All disclosures and subsequent updates to disclosures are reviewed by the uh compliance and ethics department. Board-level and key personnel conflicts are reviewed and approved, if appropriate, by the audit and compliance committee of the uh board and/or the uh board. If a conflict exists with a director, certain restrictions may be imposed, such as excusing the director from the room during discussion and/or voting with regard to a proposed transaction. Education regarding conflicts of interest is included in the annual compliance training that includes all directors, employees, physicians and licensed practitioners.”

“The governing documents, financial statements and conflict of interest policy for lake hospital foundation, inc. Are available upon request.”

“Loss on uncollectible pledges -69,737.”