Mission Health System Foundation Inc

“Anc healthcare (fka mission health system), a 501(c)(3) is the parent company of mission health system foundation, inc. It is the sole member of mission health system foundation, inc.”

“Anc healthcare (fka mission health system), the sole member (member) of mission health system foundation, inc has reserved powers relating to the governing body of mission health system foundation as follows: all nominations to the board of trustees shall be approved by the member. All vacancies occurring among the trustees may be filled for the unexpired portion of the vacating trustee's term by vote of the remaining trustees then serving, subject to the approval of the member. Trustees may be removed from office by the board of directors of the member, with or without cause.”

“Anc healthcare (fka mission health system) as sole member of the organization has reserve powers as follows: the financial statements of the organization are included in the audited financial statements of each fiscal year by a certified public accountant or accountants selected by the member. Each amendment or repeal of the organization's bylaws or the articles of incorporation of the organization or adoption of new bylaws shall be made subject to the approval of the member.”

“The form 990 is prepared by an independent accounting firm. A final copy of the form 990 is provided to the board of directors prior to filing with the irs.”

“The organization's conflict of interest expectation is stated at the beginning of each board meeting. Education about the responsibilities of a board member including conflicts of interest is provided during orientation for new board members. Board meetings begin with a comment summarizing the conflict of interest expectation, the duty to disclose conflicts, and the duty to recuse if a conflict is present. If a conflict of interest is identified, the interested person does not participate in any decision relating to the issue. A conflict of interest is a particular relationship or arrangement that would reasonably be expected to exert an influence on the individual's judgment and preclude the individual from being an independent director or being independent with respect to the issue under consideration. In addition to board members, the organization's conflict of interest expectation applies to the organization's officers and directors, as well as immediate family members of such interested persons and entities in which interested persons have a material financial interest. The organization expects that all interested persons disclose any and all conflicts of interest in accordance with the irs guidelines for tax-exempt entities as well as any other applicable state or federal law. Internal and external auditors or outside counsel will periodically review and advise to determine whether the organization is in compliance with the expectation and applicable law.”

“Certain governing documents are available to the public through the north carolina secretary of state website. Conflict of interest policy and by-laws are available upon request.”

“Grant accrual adjustment and write offs -80,341. Annuity dibursements -12,740.”