Lecom at Presque Isle Inc.

“Millcreek health system, the filing organization's parent corporation, is the sole member of the filing organization.”

“Lecom at presque isle, inc.'s board is elected by millcreek health system, inc.”

“Millcreek health system is the parent corporation of lecom at presque isle. In accordance with millcreek health system's by laws, its board of trustees has the right to approve any and all transactions that change, or have the effect of changing, the ownership and/or control of the corporation.”

“Millcreek health system, inc. Has the following reserved powers: (1) the right to alter, amend or repeal the articles of incorporation of lecom at presque isle; (2) the right to approve any and all transactions that change, or have the effect of changing, the ownership and/or control of lecom at presque isle. Such a transaction shall include, but not be limited to, any proposed attempt to merge, acquire or combine lecom at presque isle with any other facility, system, affiliate, entity or person, whether such transaction is by contract, sale of all or substantially all of its assets or by operation of law; (3) the right to appoint or remove board members of lecom at presque isle; and (4) the right to approve the budget and all proposed capital expenditures of lecom at presque isle.”

“Lecom at presque isle has a cpa firm prepare its form 990. The return is completed in draft form and reviewed by management of the organization. The return is then finalized and the board is provided a copy of the form 990 to review before it is filed.”

“Each member of the board of trustees is required to complete a conflict of interest form on an annual basis. Any potential conflicts of interest are addressed by an appointed committee whose members are independent with regard to the matter under review. If a potential conflict of interest arises, it is reviewed and documented by the appointed committee, and then the appointed committee reports the results of its review to the board of trustees.”

“The salaries of the organization's top management official and certain members of its board of trustees are determined by the employing organization's budget/finance committee, which also functions as a compensation committee. The budget/finance committee reviewed a study performed by an independent compensation consultant. On an annual basis, the committee reviews various form 990 filings by comparative organizations in order to make executive pay comparisons.”

“Lecom at presque isle makes its form 990 and form 1023 available to the public upon request.”

“At this time, lecom at presque isle does not make its governing documents, conflict of interest policy or financial statements available to the public.”

“Transfer from related entity 1,500,000.”