Olathe Health Charitable Foundation

“Frank h devocelle, tierney l grasser and dennis c meyer have a business relationship with each other. They serve as officers or directors for olathe health development corporation or olathe medical center doctor's building condominium owners association, which are related for profit companies.”

“Olathe medical center, inc., a not-for-profit, 501(c)(3) organization, is the sole member of olathe medical center charitable foundation.”

“Olathe medical center, inc. Being the sole member of olathe medical center charitable foundation has the right to elect all the board of trustees.”

“Olathe medical center, inc. Is the sole member, and has the rights to approve olathe medical center charitable foundation's bylaws and articles of incorporation and also approve olathe medical center charitable foundation's board members.”

“The tax return form 990 is reviewed by the Audit and compliance Committee of the Olathe Medical Center, Inc. (Olathe Medical Center Charitable Foundation's sole member) board on behalf of all of its affiliates prior to filing the return with the Internal Revenue Service. The Audit & Compliance Committee is comprised of independent Board members of Olathe Medical Center, Inc. The final form 990 with all required schedules is then provided to THE AUDIT AND COMPLIANCE COMMITTEE for review prior to filing the form 990.”

“The purpose of the Organization's Conflict of Interest Policy is to protect the organization's interest when it is contemplating a decision or entering into a transaction or arrangement that might benefit the private interest of any person in a position of authority over the organization, or might result in a possible excess benefit transaction. Corporate officers and members of the Board of Trustees review the Conflict of Interest Policy and complete a Disclosure of Information Form annually. A summary of the annual disclosures of information is provided to the full Board for review at least one time per year. The conflict of interest policy calls for any interested person to disclose the existence of a financial relationship or competitive interest in connection with any pending transaction or arrangement. The individual is given the opportunity to disclose all material facts to the Trustees considering the proposed transaction or arrangement that gave rise to the disclosure. When a transaction involves an interested party, the following procedures are followed: 1. The interested party leaves the meeting after providing any material facts or discussion regarding the matter that gives rise to the interest unless requested to stay by the remaining board or committee members. 2. If appropriate, the Board may appoint a non-interested person or committee to investigate alternatives to the proposed transaction; 3. The interested trustee may not vote in the matter that gives rise to the interest. 4. In order to approve the transaction, the Board must first find, by a majority vote of the trustees then in office, without counting the vote of the interested trustee, a. That the proposed transaction is in the Organization's best interests and for its own benefit, and b. That, after reasonable investigation, the Board has determined that the Organization cannot obtain a more advantageous transaction with reasonable efforts under the circumstances.”

“The compensation committee of the Olathe Medical Center, Inc. board, which is comprised of independent members of the board of Olathe Medical Center, Inc., reviews and approves the CEO and other officers and key employees of the corporation's compensation in accordance with their compensation policy. The compensation committee reviews third party salary surveys and also utilizes written contracts for the CEO to determine the fair market value of the current compensation salary ranges and benefits. Compensation for such officers is approved by the committee and information of their findings is available to all board members at their request.”

“The organization's governing documents, conflict of interest policy and financial statements are not available to the public.”

“The olathe medical center charitable foundation is a 501(c)(3) not-for-profit organization established to secure contributions in support of olathe medical center, inc. The olathe medical center charitable foundation is committed to enhance programs that promote, encourage and assist the improvement and expansion of quality health care at olathe medical center, inc. And throughout its service area to provide a strong foundation for support of quality health care. The olathe medical center charitable foundation significantly supports the clinical services of olathe medical center, inc., while collaborating with its leadership, staff and physicians to create local community opportunities to support health care programs and services and it's related non-for-profit subsidiaries.”

“Net assets released from restrictions (6,300) transfer from affiliate 198,891 change in temp restricted net assets 2,956,915 --------- total $ 3,149,506”