Lourdes Foundation Inc

“Our lady of lourdes regional medical center (an irc section 501(c)(3) organization) is the sole member of lourdes foundation, inc.”

“Our lady of lourdes regional medical center, as the sole member of lourdes foundation, inc., retains the power to appoint and remove the members of the board of trustees and officers of lourdes foundation, inc.”

“Our lady of lourdes regional medical center, as the sole member of lourdes foundation, reserves the following powers: 1. To change philosophy, objectives and purposes of the corporation 2. To amend, alter, modify or repeal the articles of incorporation and bylaws of the corporation 3. To authorize merger, consolidation, or affiliation, or participate in joint ventures 4. To dissolve and to distribute assets of the corporation 5. To appoint and/or terminate with or without cause the chief executive officer of the corporation 6. To acquire, purchase, sell, lease, transfer, or encumber any immovable property on behalf of the corporation 7. To add to or incur long-term debt in excess of $5 million by the corporation 8. To appoint the fiscal auditor for the corporation 9. To approve any increment or addition to the capital debt or efforts to renegotiate, modify or charge the existing capital debt obligations of the corporation 10. To approve the annual operating and capital budgets of the corporation 11. To approve a strategic business plan of the corporation 12. To appoint or remove the members of the board of trustees and officers of the corporation.”

“After preparation and review of form 990 by kpmg llp, the organization's tax advisors, the form 990 is reviewed by one or more members of senior management. A copy of the return is then provided to the organization's governing body before it is filed with the irs.”

“Lourdes foundation, inc. Has a comprehensive conflict of interest policy that requires each officer, trustee, board committee member and employee to complete a conflict of interest disclosure statement annually. Completed disclosure forms are reviewed and maintained by the chief compliance officer. If any trustee, board committee member or senior manager has a potential conflict, the executive committee of the board determines whether action needs to be taken and communicates any such action to the individual. A potential conflict of any other employee is reviewed by the ceo or his designee. The executive committee, ceo or designee, as applicable, determines if a conflict of interest exists or creates the appearance of impropriety. If such a determination is made, the individual will be excused from participating in the business decision. During the year, any change to the information in the disclosure statement must be disclosed promptly to the chief compliance officer, who takes appropriate action. The process also requires affirmation from each individual that he or she (a) has received a copy of the conflict of interest policy; (b) has read and understands the policy; (c) has agreed to comply with the policy; and (d) understands that lourdes foundation, inc. Is a charitable organization and that, in order to maintain its federal tax exemption, it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. In addition to the above, lourdes foundation, inc. Provides mechanisms for confidential reporting of compliance issues. These mechanisms include an anonymous hotline and website where individuals may raise issues, seek clarification, and report possible conflicts of interest or other concerns. These reports of possible conflicts of interest, are reviewed and investigated by the corporate compliance department and appropriate action is taken.”

“Other related organizations set the compensation and pay the executives. The ceo and cfo of lourdes foundation is also the ceo and cfo of our lady of lourdes regional medical center. They are employees of fmol health system (a related tax-exempt organization) whose salaries are determined by the pay practices of that organization. Such pay practices include the use of an independent board committee which reviews compensation annually after obtaining and relying upon industry wide compensation information from an outside consulting firm. The board committee appropriately documents its decisions.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available upon request.”

“William barrow and paul breaux have a business relationship solely because they both serve on the board of a related joint venture. Nancy broussard and jim prince- family relationship.”

“DESCRIPTION:Service Contracts TOTAL FEES:152105”