Humboldt Park Health Foundation

“The organization has one member, humboldt park health.”

“Election of trustees is subject to approval by the member.”

“The board of trustees may take the following actions only subject to approval of the member: -any voluntary dissolution, merger, consolidation, sale or transfer of all or a portion of the foundation's assets or the establishment of any subsidiary or affiliate corporation of the foundation. -any amendment to the articles of incorporation or the bylaws of the foundation. -the sale, purchase, lease or other conveyance of any real property. -the borrowing of any sum of money, or the granting of any lien or mortgage on any portion of the foundation's real property or other assets or revenue streams. -the guaranty of any debt. -any gift, grant, transfer or like transaction (other than to the members) or any unbudgeted expenditure in excess of five thousand and 00/100 dollars ($5,000.00). -approval of the executive director's compensation. -approval of the certified public accounting firm appointed to conduct the foundation's audit.”

“The board retains the services of an independent cpa firm to prepare the organization's form 990. Members of the fiscal services department, the chief financial officer and the chief executive officer review the completed form 990. Prior to filing, the chief financial officer signs the form. The chief financial officer informs members of the governing body that a copy of the signed form is made available to them upon request.”

“All trustees, officers, and key employees are subject to the conflict of interest policy of humboldt park health. In addition, all independent contractors who provide services and/or materials to the corporation in exchange for $20,000 or more in payment during any fiscal year shall be subject to these provisions. All persons subject hereto shall be hereinafter referred to as "covered persons." the chief executive officer of the corporation is responsible for publicizing the provisions of this article to the persons affected thereby. No person shall become a trustee, or officer of the corporation without first acknowledging in writing to the corporation that he or she has reviewed, fully understands and is in compliance with the provisions of the conflict of interest policy. All covered persons shall promptly disclose to the board of trustees of the corporation all substantive potential conflicts of interest which such person discovers or which is brought to his or her attention. Such disclosure shall include submission to the board of a written statement of the facts surrounding the conflict of interest and an opportunity to make a brief oral statement to the board with respect to the matter in question. An annual disclosure statement shall be circulated to all covered persons to assist them in considering such disclosures. In addition, the policy is monitored periodically throughout the year for any conflicts of interest. Prompt disclosure notices of conflict shall be filed with the president of the corporation or any other person designated by him from time to time to receive such notifications. All disclosure notices received hereunder shall be noted for record in the minutes of a meeting of the board of trustees. The presence of the trustee who is directly or indirectly a party to the transaction in question or a trustee who is otherwise not disinterested may be counted in determining whether a quorum is present for the purpose of the meeting, but shall not be present or have a vote when the board of trustees or a committee of the board discusses and takes action on the transaction.”

“The position of the executive director of the foundation was evaluated against readily available salary data including data obtained from the metropolitan chicago health care (mchc), integrated care and publicly available data.”

“Humboldt park health makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Compensation reported for the executive director is paid by a related organization and common paymaster, humboldt park health, ein 36-1564290. Since all services performed by the executive director were for humboldt park health foundation, the compensation has been reported in column d as if paid by the filing organization. Humboldt park health has complied with payroll filing requirements.”