Beverlycare

“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 complete form 990 is then provided and reviewed with the entire governing body prior to filing with the irs.”

“The organization has a conflict of interest policy that applies to interested persons including clinic board members, officers, directors, employees, contracted providers, consultants and those who furnish goods or services to the organization. A conflict of interest is defined as a financial, personal, or professional interest, direct or indirect, in a business entity which has the potential to influence a covered individual's perspective of a business or professional transaction, with the potential to adversely affect or conflict with beverlycare's best interest. Beverlycare interested persons are prohibited from participating in the selection, award, or administration of contracts, including but not limited to, those supported by federal funds, if a real or apparent conflict of interest would be involved. Such a conflict would arise when the beverlycare interested person or that person's close relative, or any individual, group, or organization to which the person associated with beverlycare has allegiance, has a financial or other interest in the firm selected for an award. The prohibition does not apply to situations in which the financial interest is not substantial, for example an ownership interest of less than 5 percent of outstanding securities of public corporations. Whenever the executive director/chief executive officer or any board member has a conflict of interest or a perceived conflict of interest with beverlycare, he or she should notify the full board of such conflict in writing using the annual certification form. When any conflict of interest is relevant to a matter that comes under consideration or requires action by the board, or a board committee, the interested person should call it to the attention of the board chair and should not be present during board or committee discussion or decision on the matter. However, that person will provide the board or applicable committee with any and all relevant information on the particular matter. The minutes of the meeting of the board or its committee should reflect that the conflict of interest was disclosed, that the interested was not present during discussion or decision on the matter and did not vote. Whenever any interested person who is not also a board member of the chief executive officer has a conflict of interest or a perceived conflict of interest with beverlycare, he or she should notify the chief executive officer of such conflict in writing. Whenever the executive director/ceo or any board member has a conflict of interest with beverlycare, beverlycare should notify its respective federal agency of such conflict in writing. Violations of the policy by interested persons excluding board members may, depending on the severity of the violation, be subject to oral admonishment, written reprimand, reassignment, demotion, suspension or separation. Violations by interested persons who are also board members may, depending on the severity of the violation, be subject to oral admonishment or removal from their position. As administered by the executive director/chief executive officer, each board member is asked to complete a certification agreement with the conflict of interest policy and disclose any known conflicts of interest upon his or her election or re-election to the board and annually thereafter. The board as appropriate reviews all board member certifications. As administered by the employee in charge of human resources, all interested persons that are not board members will be required to complete a certification upon his or her employment or engagement with beverlycare and updated at least annually or as deemed necessary.”

“Compensation for the executive director was set at the same compensation received from her previous employer, beverly community hospital association. Beverly community hospital associaon 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's governing documents, conflict of interest policy, and financial statements are made available to the public upon request.”

“Physician fees: program service expenses 776,244. Management and general expenses 77,350. Fundraising expenses 0. Total expenses 853,594. Consultant/mgmt fees: program service expenses 4,663. Management and general expenses 309,101. Fundraising expenses 0. Total expenses 313,764.”

“Taxes & licenses: program service expenses 3,272. Management and general expenses 11,605. Fundraising expenses 0. Total expenses 14,877. Dues & subscriptions: program service expenses 1,732. Management and general expenses 6,138. Fundraising expenses 0. Total expenses 7,870. Training: program service expenses 1,433. Management and general expenses 5,084. Fundraising expenses 0. Total expenses 6,517. Direct expenses: program service expenses 983. Management and general expenses 3,487. Fundraising expenses 0. Total expenses 4,470. Minor equipment: program service expenses 2,327. Management and general expenses 602. Fundraising expenses 0. Total expenses 2,929. Late fees: program service expenses 174. Management and general expenses 612. Fundraising expenses 0. Total expenses 786. Catering: program service expenses 39. Management and general expenses 136. Fundraising expenses 0. Total expenses 175.”