Beverlycare

“The organization amended its bylaws during the june 30, 2019 fiscal year. The significant change stemming from those amendments include increasing the minimum number of those serving on the board of directors from five (5) members to nine (9) members.”

“A draft form 990 is prepared by an independent accounting firm, which is then reviewed by the executive director; adjustments are made, as necessary. The completed form 990 is then distributed to all members of the board of directors prior to filing with the internal revenue service.”

“Annually, each director and officer signs a statement affirming such person: (i) has received a copy of the conflicts of interest policy; (ii) has read and understands the policy; and (iii) has agreed to comply with the policy. In the circumstance that an interested person is connected to a possible conflict of interest, said person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of the committees with governing board delegated powers considering the proposed transaction or agreement. After disclosure of the financial interest and all material facts, and after discussion with the interested person, he/she shall leave the meeting until the governing board or committee decides if a conflict of interest exists, and if so, decides a verdict.”

“Compensation for the executive director was set at the same compensation received from her previous employer, beverly community hospital association. Beverly community hospital association utilized comparability data to determine the executive director's compensation in her then existing position (which is similar to her current role); however, no review or approval of the executive director's compensation by independent persons has been completed yet in relation to her duties at beverlycare. The organization does not compensate any additional officers or key employees (by definition of the form 990 instructions). Accordingly, form 990, part vi, section b, line 15b has been answered "no".”

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

“The organization does not issue its own form 1099s or form w-2s. Independent contractors of the organization are compensated by (and receive a form 1099 from) beverly community hospital association, an unrelated organization (by definition of the form 990 instructions) who acts as a payroll reporting agent for the organization. Additionally, employees of the organization are compensated by (and receive a form w-2 from) mmc international, an unrelated organization who also acts as a payroll reporting agent for the organization. The amounts reported on form 990, part v, lines 1a and 2a represent beverlycare's share from these payroll reporting agents.”

“Physician fees: program service expenses 269,259. Management and general expenses 0. Fundraising expenses 0. Total expenses 269,259. Consultants: program service expenses 0. Management and general expenses 80,316. Fundraising expenses 0. Total expenses 80,316. Purchased services: program service expenses 105,647. Management and general expenses 7,984. Fundraising expenses 0. Total expenses 113,631.”

“Transfer of medical practices from beverly community hospital association 269,267.”