Hospice of Central Iowa Foundation

“The board of trustees may establish one or more committees of the board and appoint members of the board to serve on them. Each committee shall have the powers and duties delegated to it by the board of trustees. Each shall have a separate charter established by the board of trustees specifying the scope of the committee's authority. The current board of trustees committees consist of governance, finance, audit, communications, and development.”

“The foundation entered into a management and support services agreement with visiting nurse services of iowa (vns) on july 1, 2019. On behalf of the foundation, vns shall arrange for, coordinate, supervise, administer, conduct, and manage all orginary activities and services required for the day-to-day management, administration and support of the foundation's business. In connection with management services, vnh iss authorized to handle funds of the foundation on its behalf. All management services shall be provided by vns acting as an agent of the foundation and at the expense of the foundation. Vns shall be soley responsible for teh employment of all personnel providing the management services, including hiring, training, supervision, promotion, and discharging, and for the costs and expenses associated with such personnel. Management services provided by vns will be performed with the same degree of care exercised in performing such services on its own behalf, but no less than reasonable care and in compliance with all applicable legal and regulatory requirements.”

“The foundation's sole member is visiting nurse services of iowa, dba everystep, an iowa nonprofit corporation.”

“The foundation's trustees are apointed by visiting nurse services of iowa, dba everystep; any trustee of the foundation may be removed either for or without cause by everystep.”

“None of the foundation's assets or any other rights thereto, whether real, personal, or intangible, shall be sold, conveyed, assigned, transferred, mortgaged, encumbered, exchanged, alienated, or leased without the prior approval of visiting nurse services of iowa. The foundation's sole corporate member, the foundation shall not be a party to any merger, acquisition, consolidation, joint venture, reorganization, restructuting or similar event, nor shall it become a member, partner, shareholder, trustee or other fudiciary or any other organization or entity, without the prior approval of visiting nurse services of iowa. The foundation's sole corporate member, no amendment, alteration or repeal of any the provisions of the foundation's bylaws shall be adopted without the prior approval of visiting nurse services of iowa, the foundation's sole corporate member.”

“Form 990 is provided to the organization's president, cfo and audit committee for initial review. After their review and edits, the organization's tax advisors present a final draft of the form 990 to the board of trustees for final review and approval. Once approved by the board of trustees, the form 990 is filed with the irs.”

“The organization has an electronic, automated system that has been built for policy management. Within the system, each policy is scheduled to be reviewed once a year, every two years, or every three years. This frequency typically depends on regulatory requirements. We utilize our leaders and subject matter experts to review the content of the policies and update accordingly. If there are any regulatory changes that come through, we will either update an existing policy, or create a new policy. All new policies, and policy changes are reflected monthly in our electronic platform, so all staff are made aware of changes. High priority policies, such as fraud, waste, and abuse, are acknowledged by staff annually in our learning management system.”

“A compensation analysis was completed by newport retirement services to determine reasonableness of key employee compensation. Results are shared with the board, who approves ceo compensation. The process described here was last completed in 2024.”

“The most current audited financial statements are made available to the public on the organization's website.”

“Net asset transfer -6,091,338.”