Iha Hospital Assistance Foundation Inc

“Iha hospital assistance foundation (the foundation) has one class of membership comprised of corporate members. The members of the board of directors of the indiana hospital association, inc. (iha) comprise the foundation's members. The member's membership terminates when the person ceases to be a director on iha's board of directors; the membership is transferred to his or her successor on iha's board of directors. The president of iha is considered a corporate member of the foundation.”

“The foundation's corporate members have the right to appoint or remove directors of the foundation.”

“The foundation's corporate members have the right to amend articles or bylaws of the foundation.”

“The organization did not have separate meeting minutes for the iha hospital assistance foundation. The members of the board of directors of the indiana hospital association, inc. (iha) comprise the foundation's members and the officers of the foundation are the executive committee members of the indiana hospital association, the foundation's parent. During the year the activities of the foundation were reported and documented in the minutes of iha's minutes.”

“There were no committees with authority to act on behalf of the governing body.”

“The process of reviewing the form 990 includes a review by the financial officer of indiana hospital association, a related organization, prior to filing the return. The form is available to the board members upon request.”

“The written conflict of interest policy is regularly and consistently monitored and compliance enforced by the board of directors. The scope of the policy includes interested person which include: any director, principal officer, or member of a committee with board-delegated powers who has a direct or indirect financial interest. The policy is in place to protect the interest of the foundation when it is contemplating entering into a transaction or arrangement that might benefit the private interest of an officer or director of the foundation or might result in a possible excess benefit transaction. Additionally, the policy is intended to supplement but not replace any applicable state and federal laws governing conflict of interest applicable to nonprofit and charitable organizatoins. The covered persons are to disclose the existence of any actual or possible financial interest and be given the opportunity to disclose all material facts to the directors or committee members considering the proposed transaction or arrangement. The covered persons are to recues from participating in any deliberation or decisions on such transactions. Each interested person signs an annual statement affirming compliance with the policy.”

“All compensation is paid by a related organization, indiana hospital association.”

“The governing documents, conflict of interest policy, and financial statements are available upon written request.”