Beacon Health Foundation Inc

“Core form, part v, question 1a & 2a employees are paid by beacon health system, inc. (ein 45-3864076) and expensed to beacon health foundation through contract labor. Beacon health system, inc. Issues all w-2s and 1099s. Core form, part vi, section a, question 6 beacon health system, inc. Is the sole corporate member of beacon health foundation, inc. Core form, part vi, section a, question 7a the corporate member shall appoint the board of directors of the corporation and shall have such powers of advance approval regarding corporate actions as are delineated in the by-laws of the corporation. Core form, part vi, section a, question 7b decisions of the board of directors must be approved by the corporate member. The following matters are specifically reserved to require the approval of the corporate member: - make and approve changes to the governing documents of the corporation. - appoint, upon the recommendation of the nominating and governance committee of the corporate member, or remove, with or without cause, the members of the governing board of the corporation. Removal does not require a recommendation of the corporation organization's governing board. The process of appointment and removal of the board of the hospitals shall be as set forth in the hospitals' respective bylaws. - approve the incurrence of debt of the corporation in accordance with system policies. - approve the sale, transfer or substantial change in use of all or substantially all of the assets of the corporation and divestiture, dissolution, closure, merger, consolidation, change in corporate membership or ownership, or corporate reorganization of the corporation, but as to either hospital only if such action has been approved by supermajority vote of the board of directors of the corporate member. - approve the formation of a subsidiary organization, and the sale, transfer or substantial change in use of all or substantially all of the assets of a subsidiary organization of the corporate member, or the divestiture, dissolution, closure, merger, consolidation or change in corporate membership or ownership of a subsidiary organization. - approve the material transfer or encumbrance of the assets of the corporation in accordance with system policies, provided that the transfer of assets except in connection with system borrowing will require approval by supermajority vote of the board of directors of the corporate member. - approve the annual operating budget, capital plan, strategic plan, and business plan for the corporation. - approve the mission and vision statements for the corporation. - with input from the chief executive officer of the corporate member, approve any material transactions of the corporation which are not otherwise included in the corporate member approved operating or capital budgets of the corporation or as otherwise authorized in the bylaws or operating agreement of the corporation. - resolve any issues between corporation as to participation, or failure to participate in, specific managed care agreements and the terms thereof. - approve any management agreement for the management of all or any substantial part of the corporation's operations. Core form, part vi, section b, line 11b the organization incorporates numerous parties in the production and review of the form 990 and associated schedules. Senior accounting staff and management complete the form 990 and schedules. Some forms and schedules are reviewed by the controller. Subsequent to those steps, the organization engaged ernst & young to review the completed form 990 and appropriate schedules. Prior to filing the return, the cfo, the compensation committee of the organization and the ceo conduct a general overview of the form 990, including applicable compensation schedules. In addition, each board member receives notification of the irs form 990 placement on the organization's board portals which allows for board member review prior to filing the return. Core form, par”

“OTHER CHANGES IN FUND BALANCE: CHANGE IN GRUBE TRUST 121,068 BHF distributions to BHF for internal expenses (i.e. travel, GEM jackets) (26,338) Other Rounding (857) Gift Shop (163,469) Total $(69,596)”