Morselife Foundation Inc.

“The filing organization's ceo, keith myers, and cfo, randy wolan are business partners as they are owners of amplifii management, llc.”

“As of january 1, 2019, the agency entered into a management agreement ("agreement") with amplifii management, llc ("amplifii"), an unrelated, for-profit entity, to provide specifically described consulting services which encompass recommendations, support, guidance and oversight with respect to the overall business operations and development activities of the agency that are also closely alined with amplifii's consulting services as provided to other related health care facilities. The initial term of the agreement is for a period of five (5) years and may be extended for an additional period of five (5) years as agreed. The agreement provides for the payment of consulting fees to amplifii based on a defined percentage of the agency's adjusted gross revenues. Amplifii is solely responsible for all its operating expenses incurred in providng the consutling services defind in the agreement with the agency, without provision for reimbursement.”

“Morselife health system, inc. Is the sole member of the morselife foundation, inc.”

“The sole member, morselife health system, inc., shall elect board members and at any time in its sole discretion, remove and name a replacement for any board member.”

“Morselife health system, inc. Is the sole member of the morselife foundation, inc. And, as such, elects the board of directors and has ultimate voting and veto authority over board decisions.”

“An audit, compliance and ethics committee, composed of the chairperson of the board of directors from each of the morselife related organizations and the senior vice president of finance, is responsible for the review of the form 990. The chairperson of morselife health system, inc. Is the chairperson of the committee.”

“The organization requires all board members to submit a conflict of interest statement on an annual basis. The statements, when completed and returned, are reviewed by the president to ensure that there are no inadvertent conflicts of interest.”

“Morselife foundation, inc. Is an organization controlled by morselife health system, inc. The president & ceo of the organization is responsible for the compensation of the members of the executive team, including the senior vice presidents and chief financial officer. Annual increases and base salary amounts are compared to the compensation packages for similar positions utilizing other similar entities' published irs form 990. In addition, independent salary surveys conducted by national associations & other provider entities are utilized to ensure comparability and appropriateness. The president & ceo reports on the annual increase, salary adjustment, and/or change in benefit package for the executive team members to the compensation committee made up of the board of directors.”

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

“Net assets transferred from related parties 350,000.”

“The organization's audit, compliance and ethics comittee is responsible for the selection, monitoring and evaluation of an independent accounting firm and oversight of the audit of its financial statements. There was no change in this process from the prior year.”