Su Clinica Familiar Medical Foundation

“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 chief financial officer reviews the 990 and presents it to the chief executive officer for secondary review. A board of directors meeting is then held for presentation and approval of the return prior to filing.”

“All directors are required to sign a conflict of interest review annually. The form clearly states that they comply with the policy. The foundation regularly and consistently monitors and enforces compliance with the conflict of interest policy.”

“The chief executive officer's compensation is determined by su clinica familiar, inc. A related party. The following is the process used in determining the chief executive officer's compensation. A salary range is prepared and approved by the board of directors. This salary range is comprised of information obtained from other community health centers and the local market for the chief executive officer. A survey of the major community health centers is compiled using the budget of su clinica familiar, inc. As a key indicator. This information is presented to the chairman of the board. The board, via executive session, uses this information to determine the ceo's salary.”

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

“Change in fair value of interest rate swap agreement -178,671.”

“As of the date of filing the audit has not yet been completed. Form 990 has been prepared based on the best information available. Should information substantially change upon completion of the audit, appropriate action will be taken.”