La Esperanza Clinic Inc.

“Review of the form 990: the form 990 is prepared by an independent accounting firm based on the audited financial statements and information provided by the accounting department of the organization. The ceo and cfo review the form 990 in detail with the cpa preparing the form 990. Next, the finance committee is presented with the 990. Once reviewed by the finance committee, the entire board is presented with the 990.”

“Conflict of interest policy: board members are given copies of the conflict of interest policy annually to review. The policy gives the definition of a conflict of interest and describes all activities that fall under the policy. Board members are required to sign the policy, acknowledging their understanding. In addition, the policy states that every board member must promptly bring any information concerning any violation of the policy by any other board member to the attention of the executive director or the board of directors. If the board member believes that the executive director may be implicated in the violation, the information should be provided to the chairman of board of directors. If it is determined a conflict exists, the individual with the conflict may not vote on any matters relating to the conflict of interest.”

“Compensation determination and review: compensation for top management positions are annually determined through board of director deliberations. A board of director sub-committee first reviews the national association of community health center's (nachc) compensation survey data and then makes recommendations to the full board. Full board of director approval is required. Compensation contracts for other officer and key employee positions are annually determined through reviews of the national association of community health center's (nachc) compensation survey data and local peer surveys. In addition, all other officer and key employee compensation increases greater than 5% are reviewed and approved by the board of directors.”

“Document disclosure: the organization's governing documents, conflict of interest policy, and financial statements are made available for review upon request. Copies will be provided to those requesting documents.”

“Realized gains: the amount being disclosed in column i, line 7c represents the realized gain or loss being allocated to la esperanza through its endowment assets held by san angelo area foundation. The foundation has a pooled investment portfolio, as such proceeds and basis information cannot be accurately determined.”

“Total volunteers: the total number of volunteers includes non-compensated members of the board of directors.”