Methodist Richardson Medical Center Foundation Inc

“Delegation of Authority: THE GOVERNING BODY HAS DELEGATED BROAD AUTHORITY TO THE EXECUTIVE COMMITTEE OF THE BOARD.”

“Classes of members or stockholders: prior to 1/1/14, richardson hospital authority was the sole member of methodist richardson medical center foundation. Effective 1/1/14, methodist hospitals of dallas is the corporate member.”

“Members or stockholders who can elect members of the governing body: all members of the board are selected from nominees approved by the sole/corporate member.”

“Governance decisions subject to approval by member: all actions of the board of directors shall be deemed subject to review and approval of the sole/corporate member.”

“Process to review the form 990: the organization engages an outside accounting firm to prepare the form 990. Once prepared, the form is reviewed by the organization's internal accountant and the executive committee of the board of directors prior to filing.”

“Process for monitoring compliance with conflict of interest policy: any person with a potential conflict of interest would be excused from voting on such matters. The executive committee of the board is charged with taking action on any violations of the conflict of interest policy.”

“Review of ceo or top mgmt official compensation: compensation is subject to review by the human resources department of methodist richardson medical center and determined based on review of comparable positions within the industry and area. Compensation must stay within the established range set for this position by human resources unless further review of comparable positions determine that an adjustment is appropriate. The most recent review occurred in july 2014.”

“Availability of documents: the organization makes all of its articles of incorporation, bylaws, application for recognition of tax exemption, its irs determination letter, as well as any and all correspondence to and from the irs in connection with the application, and the three most recent annual information returns including all schedules and attachments filed with such returns to anyone who requests them. These materials are available at the foundation's principal location during regular business hours. Copies are available at the statutory rate per page.”