Brent House Corporation

“The officers of brent house corporation are not compensated by brent house, but are compensated by related organizations for their roles as officers of the ochsner clinic foundation. The process for determining compensation is described on the form 990 of ochsner clinic foundation (tin# 72-0502505).”

“Brent House Corporation is a wholly owned subsidiary of Ochsner Clinic Foundation, a related 501(c)(3) organization, and a supported organization. Brent House Corporation is organized on a non-stock membership basis and the sole Member of the Corporation is Ochsner Clinic Foundation.”

“The directors shall be directly elected by the Members. So long as Ochsner Clinic Foundation shall be the sole Member, the Chief Executive Officer of Ochsner Clinic Foundation shall be a director and Chairman of the Board of Directors and Ochsner Clinic Foundation shall appoint the other Directors of the Corporation.”

“The member has sole authority to amend the articles of incorporation; merge or consolidate the corporation with or into any other corporation or entity; and liquidate, sell or lease any substantial part of the assets of the corporation to any other corporation, person or entity.”

“One or more members of senior management review the return. The return is also reviewed by ernst & young us, llp, the company's tax advisors. A copy of the return is then provided to each member of the board of directors electronically and comments are solicited from the entire board.”

“Officers, directors, trustees, and key employees of Ochsner Clinic Foundation and its subsidiaries are required to complete a conflict of interest disclosure form annually, or within 40 days of becoming an employee, or if a current employee has a change in business circumstances not previously disclosed. The Conflict of Interest Program Administrator reviews disclosures and determines whether action is necessary or if the disclosure needs to be reviewed by the Conflict of Interest Steering Committee. Ochsner Clinic Foundation requires annual certification that the relationships disclosed during a preceding calendar year are complete and accurate. IN ADDITION, EMPLOYEES THAT DO NOT FALL WITHIN THE SCOPE OF THE CONFLICT OF INTEREST DISCLOSURE POLICY COMPLETE NEW HIRE OR RISK-BASED CONFLICT OF INTEREST TRAINING IN ALIGNMENT WITH THE CONFLICT OF INTEREST POLICY. The Conflict of Interest Steering Committee will make mitigation recommendations including, but not limited to, divestiture and termination of employment.”

“All governing documents, financial statements, and forms 990 and 990-t are available upon written request to the chief financial officer of ochsner clinic foundation. The conflict of interest policy is available upon written request to the audit services department of ochsner clinic foundation.”

“Compensation from integrated health system each of the officers/directors listed in part vii and schedule j hold positions with related 501(c)(3) organizations. For each of these individuals, the compensation listed is received from the related organization. The amount of time shown for each as "average hours per week" in part vii, section a, line 1a, column (b), consists primarily of each officer's time spent on the officer's role with brent house corporation. The remainder of each officer's time is spent fulfilling responsibilities through their roles with the related organization and/or is more evenly distributed across all organizations in the integrated health system.”

“Brent house corporation is a subsidiary of ochsner clinic foundation (tin# 72-0502505), and is thus included in the consolidated financial statements of ochsner clinic foundation. Ochsner clinic foundation's financial statements are audited by an independent accountant. In addition, ochsner clinic foundation has a committee for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant.”