National Patient Advocate Foundation

“The finance committee of the board of directors receives a draft copy of the form 990 then subsequently reviews it for accuracy and compliance. Once it is approved by the finance committee, all members of the executive board of directors receive the final copy of the form 990 for review and approval and is so noted in the board meeting minutes.”

“Under the direction of the governance committee, members of the npaf board of directors are required to review and sign the conflict of interest policy upon establishing membership on the board and again annually. This includes completing an updated conflict of interest disclosure questionnaire in which each member must disclose any/all known conflicts of interest at that time. If any conflicts of interest are noted more information will be gathered by the governance committee and a determination on the existence of a material conflict will be issued. The governance committee of the board of directors is charged with enforcement of this policy.”

“The compensation and benefits committee shall consist of at least three directors appointed by the committee chair and subject to an affirmative majority vote with the necessary quorum of duly elected directors present. Members of the compensation and benefit committee must be independent and complete a signed attestation to that effect. The committee will be chaired by the president. Experts in compensation and benefits not currently directors may serve as voting committee members. The compensation and benefits committee is responsible for the annual performance review of the chief executive officer. The compensation committee is also responsible for evaluating and determining the total compensation of the chief executive officer in addition to reviewing the compensation levels for all officers and key employees. This review shall be conducted annually. The compensation committee shall base its evaluation and recommendations in part on a bi-annual benchmarking study conducted by a reliable third party that utilizes national comparability data on salary and benefits of organizations similar in mission, size, and revenue. The compensation and benefits committee is also responsible for ensuring contemporaneous documentation and recordkeeping of its actions and decisions and must submit a written memorandum to the foundation's talent management department affirming the committee's determination of reasonableness of compensation for all the officers and key employees. Finally, the compensation and benefits committee is responsible for reviewing the benefits offered all employees of the corporation and making recommendations about their suitability to the board of directors.”

“National patient advocate foundation makes their governing documents, conflict of interest policy, and financial statements available upon request.”

“Effective 7/1/22, national patient advocate foundation is a 501(c)(3) organization. An irs determination letter dated 4/18/23, noted the organization was to be exempt from federal income tax under internal revenue code 501(c)(3). Further, the organization was determined to be a public charity under irc section 509(a)(3). Previously, the organization was exempt from federal income tax under internal revenue code 501(c)(4).”

“The finance committee reviews and approves the draft of the audited financial statements for accuracy and compliance. The board of directors receives the final copy of the audited financial statements when it is complete and approved by the finance committee, so noted in the minutes and approved by the board. When selecting a new audit firm, national patient advocate foundation identifies three recommended regional firms and requests proposals from them. The information is reviewed and the final selection is approved by the finance committee.”