Stonehill Franciscan Services

“The Board of Directors may, by resolution, create an Executive Committee. The Executive Committee consists of the officers of the corporation and the President/CEO of the facility. This committee has and may exercise all powers of the Board of Directors between meetings of the Board of Directors. The committee must report all its rulings to the Board of Directors at the next regular or special meeting of the Board. The Executive Committee does not have the authority of the Board of Directors to amend the Articles of Incorporation, adopt a plan of merger or consolidation, recommend to the Directors the sale, lease, exchange or other disposition of all or substantially all of the property and assets of the corporation, unless in the normal course of business, dissolution of the corporation, or amending the Bylaws.”

“The Sisters of St. Francis of Dubuque, Iowa shall have the right to select not less than thirty percent (30%) nor greater than forty percent (40%) of the members of the board of directors.”

“A copy of the Form 990 is reviewed by the entire Board before it is filed. The President/CEO and CFO review the 990.”

“Stonehill Franciscan Services has conflict of interest policies completed each year by all Board members thus monitoring any potential conflicts. The Board Chairperson reviews the statements and follows up on any potential conflicts. Any actual or potential duality or conflict of interest including but not limited to ownership or control of any entity that contracts with the Stonehill Franciscan Services for any products or services shall be disclosed to the other members of the Board and made a matter of record in the minutes when the subject of such interest becomes a matter of Board action. When a conflict arises, the Board member is not allowed to vote on the issue and may be excused from the meeting.”

“The President/CEO's compensation is determined by the Executive Committee of the Board with salary adjustment recommendations based on an annual performance evaluation and comparability data. The CFO's compensation is determined by the President/CEO with approval by the Board of Directors with salary adjustment recommendations based on an annual performance evaluation and comparability data. The Organization documents and provides substantiation for their compensation process. The process is completed yearly.”

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

“Purchased services: Program service expenses 2,206,828. Management and general expenses 19,943. Fundraising expenses 0. Total expenses 2,226,771. Professional services: Program service expenses 61,054. Management and general expenses 121,864. Fundraising expenses 0. Total expenses 182,918.”