Palmer Memorial Foundation

“The Executive Committee consists of the board President, President-Elect, Secretary, and the two Members-at-Large. The Executive Committee has power to transact all regular business of the Foundation during the period between the meetings of the Governing Board subject to any prior limitation imposed by the Governing Board and with the understanding that all matters of major importance will be referred to the Governing Board. The Executive Committee submits to the Governing Board at its last meeting before the end of the fiscal year, a budget showing the expected receipts, income and expense for the ensuing year. The Executive Committee examines the monthly financial reports. Minutes of the Executive Committee meetings are submitted to the Board, and its actions are subject to approval or disapproval at the next regular meeting.”

“Cheryl Meyer, Foundation Director, Lynn Lauer, Board Member, and Jamie Hoey, Foundation Coordinator have a business relationship. Cheryl Meyer, Foundation Director, Lynn Lauer, Board Member, and Ashlyn Heins, Foundation Coordinator have a business relationship.”

“Membership in this organization includes those citizens of Northeast Iowa, eighteen (18) years of age or older, who have purchased a twenty-five dollar ($25.00) voting membership or who have contributed a minimum of twenty-five dollars ($25.00) as a donation to this organization. Membership may also include an organization, group or family contributing a minimum of twenty-five dollars ($25.00) as a donation or memorial to this organization.”

“The Board Members receive a copy of the Form 990 before it is filed. The CEO and CFO of Palmer Lutheran Health Center and the Foundation Director review the Form 990.”

“Board members and officers are required to annually disclose in writing all interests which could result in conflict. The President of the Board reviews the statements. If a possible conflict arises the situation is brought to the Board's attention. Any Board member having a conflict of interest is not allowed to vote on such matter.”

“The Organization's governing documents, conflict of interest policy, and financial statements are not available to the public. Financial information is provided in the public disclosure copy of the 990.”