Broadlawns Medical Center Foundation

“Bmcf delegated management support functions to bmc, its sole corporate member.”

“Broadlawns medical center is the voting member. All interested persons shall be deemed to be members of broadlawns medical center foundation, without other rights, vote, dues or term of membership.”

“Broadlawns medical center is the voting member. Per the by-laws, the ceo of bmc becomes the president of the bmcf, by position. The voting member shall nominate a majority of the board of directors.”

“The voting member shall have the power to adopt and implement resolutions for the review and approval of certain activities and reports of bmcf. The specific activities and reports to be reviewed and/or approved, and the manner and scope of such review, shall be set out in such resolutions.”

“The form 990 is prepared by outside accountants with the assistance of corporate accounting. The tax return is then reviewed by the chief financial officer and the executive director. A copy of the form 990 is then provided to each member of the board of directors at a board meeting. Highlights are presented to board members, and the review is documented in meeting minutes. All questions are addressed prior to filing the form 990.”

“All members of the bmcf board sign a conflict of interest statement. This statement is taken into consideration with regard to all business conducted by bmcf.”

“Form 990, part vi, section b, lines 15a & 15b bmcf is an affiliate of bmc. Bmc has a process for reviewing and approving compensation and benefits for physicians and administrative leadership.”

“Broadlawns medical foundation does not post their articles of incorporation, conflict of interest statements or current 990 tax return on their website. All items are available upon request.”

“Bmcf received $29,698 in in-kind services provided by volunteers. The value was determined by independent sector value of $22.55 per hour for the fiscal reporting year.”