Atlantic Coast Asc Holding Company Inc

“The Organization is a wholly owned subsidiary of Florida Community Health Network Corp., a 501(c)(3) public charity supporting and benefiting the South Broward Hospital District.”

“The initial board shall consist of five directors elected by the member, Florida Community Health Network Corp., who shall each serve for a term of one year. Following the initial one year term, all directors shall be elected by the directors then in office for a term of one year, subject to the reserve powers of the sole member, Florida Community Health Network Corp., in ensuring the organization serves its charitable purpose.”

“The sole member, Florida Community Health Network, Corp., has authority to ensure the organization operates and serves its charitable purpose, and its assets and income are used to serve the community benefits of Memorial Foundation, Inc. and the South Broward Hospital District.”

“The governing body did not hold any meetings nor undertake any written actions during the year.”

“Neither the governing body nor any committees with authority to act on behalf of the governing body held any meetings nor undertook any written actions during the year.”

“Management and the chairman of the FCHN board will review and comment on the Form 990 before it is filed with the IRS.”

“The organization's board shall regularly and consistently monitor and enforce compliance with its conflict-of-interest policy by reviewing annual statements and taking such other actions as are necessary for effective oversight.”

“The organization makes its governing documents, conflict of interest policy, and consolidated financial statements available to public upon request. The financial statements are available for the same period of disclosure as set forth by IRC Section 6104(d).”

“Net Intercompany Changes in Net Assets 4,567.”

“There has been no change from the prior year.”