Friends of Morselife Inc.

“As of january 1, 2019, the group entered into an additional management and consultant agreement with a term of 5 years with, amplifii management, llc ("amplifii"), a management and consulting group that has entered into a similar agreement with the group's affiliates.”

“Morselife health system, inc is the sole member of the friends of morselife.”

“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 friends of morselife, inc. And, as such, elects the board of directors and has ultimate voting and veto authority over board decisions.”

“The 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. This committee meets one time per year. The committee is responsible for the detailed review of all forms 990 filed by the morse related entities. The form 990 is made available to the full board of directors of the reporting organization. The 990 is also available upon request throughout the year.”

“The organization requires all board members to submit a conflict of interest statement on an annual basis. Board members who do not adhere to the organization's conflict of interest policy will be temporarily suspended from any voting board activity. The statements, when completed and returned, are reviewed by the president to ensure that there are no inadvertent conflicts of interest.”

“Friends of morselife, inc. Is an organization controlled by morselife health system, inc. Morselife health system, inc.'s compensation committee is comprised of the board members. This committee is responsible for the search, selection, contract negotiation, performance reviews, benefits, and annual salary increases of the president & ceo position. The initial contract negotiations of the president & ceo position were based on the committee's review of similar entities compensation packages for the top official based on those entities' published irs form 990. In addition, the compensation committee subscribes and participates in several independent salary surveys conducted by national associations & other provider entities and utilizes the findings of these surveys to ensure comparability and appropriateness of the president/ceo compensation package. The committee meets at least annually to conduct a performance review of the president/ceo. Performance is based on previously established metrics and benchmarks and the achievement of these goals is the basis for financial incentive, bonus and annual salary increase. The compensation committee documents their meetings with written minutes, as well as memos to the senior vice president of finance, with instructions regarding the executive compensation. The president & ceo of the organization is responsible for the compensation of the members of the executive team, including the sr. 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.”

“Fund balance transfer -300,000. Net present value expense -145,888.”