Kmha Foundation Inc.

“Day-to-day management and financial operations are conducted by kennebec mental health associates (kmha), a related organization (see schedule r). Management fees totaling 18,889 were paid to kmha.”

“Kennebec mental health associates, a related 501(c)(3) corporation (see schedule r) is the sole corporate member of the organization.”

“The sole corporate member of the foundation, kennebec mental health associates, is given the right by the foundation's bylaws to conduct the annual meeting of the foundation for the purpose of electing directors of the foundation's governing board.”

“A copy of the 990 is provided to the finance committee prior to filing with the internal revenue service. The finance committee meets bi-monthly and, at its discretion, can add discussion and review of the organization's 990 to its agenda.”

“The conflict of interest policy requires that each board member annually sign a statement that they will abide by the policy. Any potential conflict of interest is required to be disclosed by a board member at a board meeting with procedures for investigation and resolution being managed by the board. On an annual basis the board is reminded of the policy by senior staff.”

“The compensation of the ceo is established by the board of directors based on industry-specific wage survey data. The ceo's performance is reviewed annually by the board president and any increase in compensation is approved within the framework of salary adjustments approved by the board for all staff.”

“Compensation of senior managers of the organization is managed by the ceo using current wage survey data and within the framework of salary adjustments approved by the board for all staff during the annual budget approval process.”

“All governing documents, policies and audited financial statements are available to be viewed at the organization's administrative offices. An annual report reflecting a summary of its audited financial statements is available in printed format and on the website of kennebec behavioral health (www.kbhmaine.org).”

“All employees of kmha and kbh are eligible to participate in a vacation buy-out program, which is taxable income and increases reportable base compensation. Included in dr. Almazan's, dr. Taylor's, dr. Hermida's, mr. Bukher's, dr. Mcinerney's, mr. Mcadam's, and ms. Shelley's reportable compensation are 11,448, 9,989, 9,171, 15,862, 8,314, 2,786 and 5,658 respectively in vacation buy-out.”

“To hold, manage, invest and appropriate any and all funds which have and will be gifted and to oversee the granting of funds for the delivery of high quality behavioral health and other related services by kennebec valley mental health center dba kennebec behavioral health.”