Mcdowell Healthcare Foundation Inc

“The mcdowell hospital, inc. A north carolina nonprofit corporation, is the sole member of the corporation.”

“The directors shall be elected by the sole member, the mcdowell hospital, inc. (member). The board of directors may nominate persons to be elected as directors by the member. The member may choose to elect or not elect any persons who are nominated in such manner.”

“As stated on line 7a part vi, section a, the mcdowell hospital, inc. Is the sole member of the foundation and may add or remove board members.”

“The organization provides data to the sr. Treasury analyst of treasury services for mission health system, inc. The 990 is prepared by staff and reviewed by management. After this review, revisions for clarifications or corrections are made and the full copy of the 990 is provided to the board prior to filing the 990.”

“All voting board members sign the conflict of interest policy annually and note any conflicts that are present at each board meeting. All voting board members are responsibile for making conflicts of interest known and potentially interested parties are excused from discussions and votes.”

“A related organization draws wage comparison data from outside executive compensation consultants to ensure compensation levels are at fair market value the human resources and compensation committee of the related organization(committee) reviews this data and recommends to the board of the related organization any revisions to the overall philosophy and policy to guide the determination of compensation and benefit packages for executives which includes the ceo, the cfo, and president as well as all other executives, which would include all key employees. The committee keeps and distributes minutes of all its meetings to its members. Items of a sensitive nature are referenced in the minutes with detailed, supporting documentation retained on file. The committee also discloses any potential conflicts of interest situations to the committee chairman that may affect their independent directors' status as soon as they arise, and maintains complete documentation of all matters discussed by the committee. The committee obtains education and training to exercise all responsibilities effectively and keeps abreast of significant developments in executive compensation practices and regulations, and ensures that all aspects of mission health system and hospital executive compensation adhere to all relevant regulatory requirements, and reviews the committee charter annually revising as appropriate and conducts an annual evaluation of the committee's performance.”

“The organization's form 990 is available upon request.”

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

“Other fees: program service expenses 327. Management and general expenses 58. Fundraising expenses 0. Total expenses 385. Department of philanthropy allocation: program service expenses 0. Management and general expenses 0. Fundraising expenses 119,722. Total expenses 119,722.”

“Transfer from the mcdowell hospital, inc. 138,757.”