Atrium Health Foundation

“New members of the foundation board of directors are nominated by the existing board and then, if approved, are elected by the board of commissioners of the charlotte-mecklenburg hospital authority (dba atrium health).”

“New members of the foundation board of directors are nominated by the existing board and then, if approved, are elected by the board of commissioners of the charlotte-mecklenburg hospital authority (dba atrium health). The foundation's bylaws provide the following reserved powers and specific rights of the charlotte-mecklenburg hospital authority: in addition to any other powers and rights reserved to the charlotte-mecklenburg hospital authority by the corporation's articles of incorporation, by these bylaws or by law, the following fundamental actions of the corporation require the action, consent or prior written approval of the charlotte-mecklenburg hospital authority: (a) amendment or repeal of the corporation's bylaws or articles of incorporation; (b) transfer or sale of all or substantially all of the corporation's assets; and (c) merger or dissolution of the corporation. The reserved powers and specific rights of the charlotte-mecklenburg hospital authority shall be taken by the authority ceo or by such other persons as may from time to time be duly authorized by the authority ceo to take such actions. Action by the charlotte-mecklenburg hospital authority may be taken in any lawful manner and shall be communicated to the corporation by any usual means of communication, including but not limited to electronic means of communication.”

“A copy of form 990 is provided to all members of the foundation board of directors for review prior to filing with the irs. The form 990 is prepared by the foundation's financial services director with the assistance and review by the senior vice president/chief financial officer and then prior to distribution to the board is reviewed in detail by an independent cpa firm.”

“The foundation circulates a conflict of interest questionnaire to all board members annually. Responses are fully reviewed by foundation officers and any potential conflicts identified are reviewed with the board chair for appropriate action. Foundation executive staff officers, who are employees of atrium health, complete an annual conflict of interest disclosure form which is reviewed and acted upon as necessary by the ah corporate compliance officer.”

“The compensation of the foundation's staff officers, who are employees of atrium health (ah), is determined annually following review of their performance and review of compensation for comparable positions based on an independent survey. Salaries and incentive compensation are recommended by senior officers of atrium health and then reviewed and approved by the ah compensation committee, comprised of independent members of the ah board of commissioners. Committee actions are recorded by means of contemporaneous minutes.”

“Copies of the foundation's governing documents and conflict of interest policy are maintained in the foundation's offices and are available to the public upon request.”

“The organization is subject to section 4960 and has responded "yes" to part v, line 15. However, the form 4720 will be filed by a related organization who is the employer of record, the charlotte-mecklenburg hospital authority (ein: 56-0529945).”

“Consultant fees: program service expenses 0. Management and general expenses 0. Fundraising expenses 24,000. Total expenses 24,000. Other: program service expenses 0. Management and general expenses 0. Fundraising expenses 500. Total expenses 500. Allocation of salaries and benefits: program service expenses 0. Management and general expenses 1,779,831. Fundraising expenses 3,674,046. Total expenses 5,453,877.”

“Provision for uncollectible pledges -870,000.”