Atlantic Coast Asc Gp 1 Inc.

“The organization is a wholly owned subsidiary of atlantic coast asc holding company, inc., a 501(c)(3) public charity supporting and benefiting the south broward hospital district.”

“The initial board shall consist of four directors elected by the member, atlantic coast asc holding company, inc. 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 in ensuring the organization serves its charitable purpose.”

“Management and the chairman of the board 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 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).”

“The organization is a wholly-owned subsidiary of atlantic coast asc holding company, inc., which is a wholly-owned subsidiary of florida community health network corp.(fchn). Certain expenses of fchn have been allocated to the organization based upon a cost methodology which considers the organization's defined mission, use of resources, and relative benefits received during the period.”

“Intercompany balances and transactions have been -289,345. Recharacterized to capital contributions in accordance with board approval. Book/tax difference - k-1 asfsf, lllp 256,467.”

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