Camden-Clark Foundation Inc.

“Camden-Clark Health Services, Inc. As of March 1, 2011, affiliated with West Virginia United Health System, a non-profit, tax-exempt corporation, is the sole member of the organization, Camden-Clark Foundation CCF.”

“Camden-Clark Health Services, Inc., CCHS the organizations sole member, nominates all board members of the organization. CCF board members are elected by West Virginia United Health System, Inc. WVUHS from the CCHS nominations.”

“Camden-Clark Health Services, Inc., the organizations, sole member, has the right to vote at any meeting of the organization.”

“The Form 990 for CCF is prepared by the WVUHS Tax Accounting department utilizing financial information provided by the CCMH accounting department. The CCMH Accounting Director and CCHS VP of Finance then review the Form 990. Once the review is complete, management of Camden Clark Health Services, Inc., will provide a copy of Form 990 to each member of the board of directors prior to filing, and will review Form 990 with the board at a time that is convenient.”

“To identify and monitor any conflicts, a signed conflict of interest statement is required from board members of the organization and key individuals that are in a position to make or influence decisions. If an actual or possible conflict of interest is observed or disclosed, the organization invokes the procedures set out in the policy/bylaws for addressing the conflict of interest. For key individuals employees, a specific conflict of interest standard in the organizations code of ethics and business conduct also exists. No such issues were identified in 2019.”

“The executive directors compensation is determined using an independent compensation consultant, as well as a compensation survey or study. It is supported by a written employment contract which is then reviewed and approved by a compensation committee and the WVUHS board of directors. The foundation has no other employees.”

“The organizations governing documents, conflict of interest policy, and financial statements are made available upon request.”

“Changes in Net Assets consists of Transfers to Camden-Clark Memorial Hospital of 82,000, Net Asset Transfers related to Pink Mammography 19,406, Scholarships paid out of Net Assets 3,000, Golf tournament contributions and expenses recorded as net assets of 12,567, related organization capitalization of 145,742, special events expense recorded as an offset to revenue on Form 990 of 53,916, contribution revenue posted to equity accounts of 228,979, change in net assets posted to other revenue of 156, and Expenses posted to Net Assets and later reclassified after year end of 1,950.”