Fayetteville Area Health Education Foundation Inc

“The executive committee is composed of the chairman, the other officers of the corporation, including the president/ceo (non-voting) and duke's ahec director. The executive committee reviews the form 990 annually and has the authority of the board of trustees between its regular quarterly meetings. All actions taken by the executive committee are reported at the next meeting of the board of trustees.”

“Once completed, the form 990 is presented to the executive committee, the president/ceo, and the vice president of administration & finance via conference call by the auditor. The form 990 is uploaded to the board of trustees website for their review prior to the november board meeting. The executive committee recommends the action to accept the report as presented, barring any changes/corrections, and the full board votes to accept the report. Once approved, the form 990 is filed on time.”

“The conflict-of-interest policy is reviewed and declaration is renewed annually and kept on file. In the event of a conflict occurring during the year, a board member must disclose any conflict of potential conflict of interest as soon as he or she recognizes it. If a board member or the ceo has reasonable cause to believe that a member has failed to disclose actual or possible conflicts of interest, he/she shall notify the board chair. The board chair shall then act in accordance with the policy in investigating the concern.”

“An executive salary range will be established based on similar positions across the nc ahec system with consideration given to job title, duties, experience, education, organization size by revenue and employees, challenges facing the organization requiring exceptional skills or attributes and impact of organizational well being. Annually, the executive committee or full board of trustees will meet independently of the chief executive to discuss performance relative to the job description and annual goals. Once a consensus is reached regarding performance, a similar discussion is held concerning compensation relative to the annual benchmarks and established objectives. The compensations decision is approved by the full board of trustees. Documentation that the deliberation and decision took place will be noted in the board of trustees minutes. The board chair will meet with the chief executive to discuss strengths, weaknesses and goals for the upcoming year. For other officers and key employees, compensation is based on market data of comparable positions at other nc ahec programs and mgma (medical group management association) salary surveys. The data are compiled by the vice president of human resources and reviewed with the president/ceo for determination of compensation with consideration of experience, education, duties, responsibilities, and specific challenges facing the organization in those work areas. The process described here was last completed in 2023.”

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

“Contractual payments: program service expenses 4,624,387. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,624,387. Professional services: program service expenses 280,955. Management and general expenses 0. Fundraising expenses 0. Total expenses 280,955. Purchased services: program service expenses 147,075. Management and general expenses 9,198. Fundraising expenses 0. Total expenses 156,273.”

“The process for oversight and selection of an independent accountant has not changed from the prior year.”