Medical Education & Research Institute

“The form 990 is sent to the board finance committee for review and approval before it is finalized. The finance director initially reviews the form 990. Once review is satisfactory, the finance director emails the form 990 to each of the 3 board finance committee members (the respective cfo's from methodist, semmes-murphey, and baptist). Each member individually reviews the form and submits questions back via email. Once all board finance members approve the form 990, the finance director communicates with the accounting firm to finalize and file.”

“Meri requires annually that a new conflict of interest policy be signed by each manager, director, and board member to be current. There is also a delegation of authority policy in force to prohibit anyone from binding the meri that is not authorized to do so or who has ties with anyone that would pose a conflict. Annuals audits are conducted by watkins uiberall, pllc who review the current policies and procedures to report any conflicts of internal control or possible fraud. This report is shared with the board and with any outside contributors.”

“Meri reviews the compensation policy, conducts a job value analysis, a market analysis of positions and the movement of the ranges for all positions with the outside consultant (jer hr group) annually or as needed. Annual performance reviews are conducted with all staff, including the executive director, that incorporates various benchmarks such as financial performance, meri scorecard information, strategic plan performance, customer service goals, and year-end objectives progress report. Calculations are made using the compensation guidelines and individual/company performance measures. Calculations are made and reviewed by the jer hr group and approved by the board of directors.”

“Avaible upon request. Availability also varies by grant. It is sent to our open grantees each year and for charitable solicitation registration as requested. It also goes to any grant request we send out.”

“Meri's annual audit and policies are provided to the board of directors as they are completed and voted on for execution. Once approved, they are included in the board minutes as an attachment which are reviewed annually by external auditors. These are available upon request.”

“Lab fees: program service expenses 2,664,078. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,664,078. Medical director fee: program service expenses 0. Management and general expenses 84,000. Fundraising expenses 0. Total expenses 84,000. Purchased services: program service expenses 61,322. Management and general expenses 166,184. Fundraising expenses 0. Total expenses 227,506.”

“The process has not changed from the prior year.”