Olathe Health Charitable Foundation

“The governing documents were amended to change the mission statement of the organization.”

“Olathe health charitable foundation has two classes of voting members. The class a member is olathe medical center, inc. And the class b members are miami county medical center, inc. And olathe health physicians, inc. The members are related 501(c)(3) organizations.”

“Class a and class b members elect the board of directors of olathe health charitable foundation.”

“Olathe medical center, the class a member, is the sole voting member for all actions other than the election of directors.”

“An independent accounting firm prepares and reviews the 990. The 990 is then reviewed by the organization's management personnel. Any questions and concerns management has are addressed and any corrections or clarifications are made.”

“The purpose of the organizations conflict of interest policy is to protect the organizations 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 directors 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 directors 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 director 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 directors then in office, without counting the vote of the interested director. A. That the proposed transaction is in the organizations 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.”

“Compensation for the officers of the olathe health charitable foundation is reviewed and approved by the personell and compensation committee of olathe health system, inc(ohsi), a related 501(c)(3) organization and the direct controlling entity of all of the members of olathe health charitable foundation. Olathe health system inc.s personell and compensation committee is comprised of independent members of the olathe health system, inc. Board. The personell and compensation committee determines compensation for the officers of olathe health charitable foundation using a variety of methods such as third party salary surveysand independent consultants to determine the fair market value of the current compensation, salary ranges and benefits.”

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

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

“Net asset transfer from affiliates $ 924,336”