Nebraska Methodist College of Nursing and Allied Health

“Nebraska methodist hospital, a nebraska not-for-profit corporation is the sole member of the nebraska methodist college of nursing. The member has the right to approve all amendments to the articles of incorporation and bylaws of the corporation, to approve any dissolution, consolidation or merger of the corporation and other rights and powers specified in the articles of incorporation or bylaws.”

“The nebraska methodist hospital has the power to elect and remove directors of the college and the power to approve and remove the person designated as the college president.”

“Nebraska methodist hospital, a nebraska not-for-profit corporation has the right to approve all amendments to the articles of incorporation and bylaws of the nebraska methodist college of nursing and to approve any dissolution, consolidation or merger of the corporation. The college annual budget, capital expenditures budget, and long-range planning documents shall be submitted to the member for approval.”

“The nebraska methodist college of nursing is an affiliate of the nebraska methodist health system. The policies and practices of nebraska methodist health system apply to all its affiliates. Prior to filing the form 990, a copy of the form 990 is made available to the board of directors for review through a secure internet portal. The board of directors is given an opportunity to ask questions or request more information. Information for the form 990 is gathered from appropriate, responsible parties throughout the organization including the organization's finance, human resource and compliance departments. The return is subjected to a detailed tie-out and review by the nebraska methodist health system controller. It is reviewed by external tax advisors and has the final review by the chief financial officer for nebraska methodist health system and the organization's chief executive officer.”

“An annual questionnaire is sent to all officers, directors and key employees pursuant to the methodist health system conflicts of interest policy which requires the disclosure of relationships, not just financial, that could give rise to conflicts with the organization. A board committee meets annually to review all potential conflicts identified through the surveys. Should a decision come to the board with an identified conflict, the officer, director, or key employee is not permitted to vote or use personal influence on the matter and is not counted in determining quorum for a meeting at which the matter is discussed. A potential conflict of interest, once identified, must be evaluated on a case by case basis. In order to approve the transaction which involves a direct conflict of interest, the board must first find, by majority vote of directors not involved in the conflict, at a meeting at which a quorum is present, that the arrangement or transaction is in the best interest of nebraska methodist college of nursing and/or the methodist health system affiliates, is fair and reasonable, and after investigation, the directors have determined that a more advantageous transaction or arrangement cannot be obtained with reasonable effort under the circumstances.”

“Methodist health system retains an independent consultant to review all officer compensation for each affiliate. Under this process, market data on compensation is gathered and analyzed, and compensation ranges are set. The information is then provided to the compensation committee of the board of the nebraska methodist health system inc., a nebraska non-profit corporation. All officer compensation is reviewed, evaluated and approved by this committee.”

“The form 1023 was filed prior to 7/15/87 and need not be made publicly available. A copy of the irs determination letter will be provided on request.”

“The organization does not make these documents separately available to the public. However, the articles of incorporation are available through the nebraska secretary of state's website. The conflict of interest policy is distributed to all members of the board of directors and employees. Financial information is available to the public through the irs form 990. The organization also contributes information regarding community benefits it provides as part of the methodist health system's annual community benefit report. The report is available to the public on the website, www.methodistcommunitybenefit.com.”

“The payroll system for nebraska methodist college is being handled by a common agent, nebraska methodist health system, inc. All w-2 forms are issued under the tax identification number of nebraska methodist health system. All required federal employment tax returns were filed by nebraska methodist health system.”

“Transfers from affiliates 6,230,720. Beneficial interest 1,926,412.”