Potomac Home Support Inc

“The members of potomac home support, inc. Are lucy webb hayes national training school for deaconesses & missionaries (aka.sibley memorial hospital) with 50% membership interest and suburban hospital, inc. With 50% membership interest”

“Lucy webb hayes national training school for deaconesses & missionaries (aka.sibley memorial hospital) and suburban hospital, inc. The irc 501c(3) tax exempt members of potomac home support, inc elect the board of trustees”

“The governing body of potomac home support, inc. Is empowered by its by-laws to make certain decisions all other decisions are subject to approval of the members lucy webb hayes national training school for deaconesses & missionaries (aka.sibley memorial hospital) and suburban hospital, inc.”

“A copy of the form 990 is provided electronically to the organization's governing body before it is filed. The form 990 is provided to the organization's trustees and appropriate officers, who are given the opportunity to ask questions and provide feedback before the form 990 is filed.”

“The conflict of interest policy is a part of the annual disclosure statement process. All officers, directors, trustees, and key employees are required to report any conflicts of interest and to comply with the conflict of interest policy. Conflicts of interest are determined at a health system level and include the organization and all of its affiliates. The organization legal department is responsible for reviewing all actual or potential conflicts of interests and for determining appropriate action to eliminate or manage the conflict of interest. If a conflict arises, the affected member must (1) refrain from any attempts to either directly or indirectly influence the decision-making process in which there exists a potential for conflicts of interest; (2) refrain from participating in any discussions leading to the approval or disapproval of the transaction creating the conflict, except to disclose material facts relating to the conflict; and (3) abstain from voting on the transaction creating the conflict or transmitting any other opinion, including not being present in the room when the vote is taken, unless the vote is by secret ballot. Furthermore, the organization's intermediate sanctions transaction review committee reviews and determines whether a proposed transaction between a trustee, officer, key employee, or disqualified person and the organization would create an excess benefit to such trustee, officer, key employee or a disqualified person, or whether such proposed transaction qualifies for a rebuttable presumption against excess benefit.”

“The compensation committee of the board of johns hopkins medicine, on behalf of the organization, reviews the performance and approves the compensation of the officers and key personnel of the organization. In reviewing and approving compensation, the committee relies on appropriate market data for comparable jobs in organizations, and ensures that such data indicates the compensation ordinarily provided by similarly situated organizations, under like circumstances. Deliberations and decisions of the committee regarding the compensation arrangements are documented in the form of minutes of committee meetings, and copies of all comparability data and reports retained.”

“The organization's governing documents and financial statements are available for public inspection upon request.”

“Pursuant to the coronavirus aid, relief, and economic security (cares) act, potomac home support, inc. Recognized $89.30 of funding from the employee retention credit (erc) administered by the internal revenue service, a bureau of the u.s. Treasury department during fy24. This amount has been recognized as grant revenue on part i, line 8 of the organization's form 990.”

“Distributions to members change in net asset -15,000.”