Mother of Mercy Foundation

“The sole member of the foundation is mother of mercy (mom).”

“The sole member, mom, has the power to appoint directors to the board.”

“The sole member, mom, has the power to amend the articles of incorporation or to adopt, amend, or repeal the bylaws of the foundation. They also have the power to approve the foundation's annual operating and capital budgets and any debts to be incurred.”

“The completed form 990 is presented to the resource committee of the board of directors prior to submission to the internal revenue service.”

“The organization has a conflict of interest policy that is applied when the organization is in the process of entering into a transaction or contract. Annually a conflict of interest statement is filled out by the board members, it is reviewed when these transactions occur. In connection with any actual or possible conflicts of interest, an interested person shall have a duty to disclose the existence of his or her financial interest and all related material facts to the directors and members of committees with board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all related material facts, and after any discussion with the interested person, he or she shall leave the board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board, officer or committee members shall decide if a conflict exists. After interest is determined, the interested person has the opportunity to make a short presentation at the board meeting. The board will appoint a disinterested person or group to explore alternatives to avoid any conflict. If there is no option for avoiding conflict, the board shall determine by majority vote if the transaction should be entered into. The interested person shall be removed from the voting process. The organization also has a policy for employees. The conflict of interest policy is initially monitored by the director of licensures and training during an employee's orientation. The compliance officer then annually monitors the policy during the annual benefits staff meeting. If a conflict of interest arises, it is investigated by the compliance officer, and if deemed a conflict, the employee must cease/divest of that conflict or be terminated.”

“The organization has the financial statements and governing documents available to review upon request. Our reception desk can provide copies of the documents upon request.”