Orchard Hospital Foundation

“Kirsten storne-piazza jack storne director director family relationship”

“Orchard hospital is the only member of the foundation.”

“The board of directors of the member and the foundation nominate qualified persons to be directors. The board of directors of the member shall elect the foundation directors at its annual meeting.”

“The member (orchard hospital) has the right to vote upon the following foundation matters: (a) removal of any or all the directors of the board, (b) selection and removal of agents and employees including but not limited to its ceo/foundation director, (c) merger, consolidation, reorganization, or dissolution or any subsidiary or affiliate entity, (d) amendment or restatement of the articles or the bylaws or any subsidiary or affiliate entity, (e) adoption of operating budgets or any subsidiary or affiliate entity, including consolidated or combined budgets and all subsidiary organizations (f) adoption of capital budgets or any subsidiary or affiliate entity, (g) aggregate operating or capital expenditures on an annual basis that exceed approved operating or capital budgets by a specified dollar amount to be determined from time to time by the member, (h) long-term or material agreements including, but not limited to, borrowings, equity financings, capitalized leases and installment contracts, and purchase, sale, lease, disposition, hypothecation, exchange, gift, pledge, or encumbrance of any asset, real or personal, with a fair market value in excess of a dollar amount to be determined from time to time by the directors of the general member, which shall not be less than ten percent (10%) of the total annual routine capital budget, (i) appointment of independent auditor or independent counsel, (j) the creation or acquisition of any subsidiary or affiliate entity, (k) contracting with any third party for all or substantially all of the management of the assets or operations or any subsidiary or affiliate entity, (l) approval of major new programs and clinical services or any subsidiary or affiliate entity (m) approval of strategic plans or any subsidiary or affiliate entity, (n) adoption of quality assurance policies not in conformity with policies established by the member, (0) any transaction between the foundation, a subsidiary or affiliate and a director of the foundation or an affiliate of such director, or, (p) rehiring, contracting with, or otherwise compensating an executive, or any officer or member of management or its member after their employment has ended.”

“A copy of the 990 is provided to the hospital cfo and ceo who review the form, schedules and related attachments. Any comments or questions are addressed with the preparer and a final draft is presented to the board of directors who then approve the 990. Once management is satisfied with the 990, the ceo signs the form 8879-eo authorizing the preparer to e-file the return.”

“Board members are required to fill out a conflict of interest form periodically that lists any activity or relationship that could give rise to a conflict of interest. The board reviews the forms and disqualifies any member from voting on decisions that are involved in a potential conflict of interest.”

“The foundation does not have any employees. The ceo is a hospital employee whose compensation is reviewed and approved each year by the board of directors using comparability data that includes the california hospital association annual survey to determine the compensation amount.”

“See irs form 990, part vi, line 15a.”

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