Livingston Healthcare Foundation

“The Executive Committee shall consist of the Board Chair, Vice Chair, Secretary, Treasurer, Executive Director, Chief Executive Officer of the Member, and immediate past Chair if he or she continues serving as a director, plus additional directors, in the discretion of the Board. The Executive Committee is authorized to transact the business of the Board of Directors in the interim between meetings of the Board, and shall present all records and actions to the Board for ratification at its next meeting.”

“Sole member of the organization is Livingston Healthcare, a Montana nonprofit corporation.”

“Livingston Healthcare, the sole member, appoints all of the directors of the Foundation.”

“The Member has the power to: a. appoint all directors of the Corporation, b. remove any directors, c. approve nominees for the appointment of Executive Director of the Corporation, d. approve all amendments to the Corporation's articles of incorporation and bylaws, e. approve all plan to sell, lease and dispose of substantially all of the corporation's assets, f. approve any plan of dissolution or liquidation of the Corporation, and g. choose the independent certified public accounting firm to audit the books, records, and financial statements of the Corporation in conjunction with the audit of the Member.”

“The Form 990 was reviewed and approved by the Finance Committee. The board of directors were provided a copy of the Form 990 prior to filing with the IRS.”

“The COI policy covers Board Directors, Foundation staff, hospital administrative staff that work with Foundation and members of the Capital Campaign Committee, a fundraising committee that consists of both board members and public volunteers. It is annually reviewed and completed by the Board members. If there is a potential conflict that individual must recuse themselves from the decisions related to the potential conflict. The determination of conflict is made by the board chair and any other member/officers/staff that the chair wishes to consult.”

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

“The compensation from a related organization reported on Part VII for Dr. Caroline Pihl is solely for her services to Livingston Healthcare.”

“The related organization, Livingston Healthcare (LHC), paid $222,041 of operating expenses on behalf of the Foundation. The Foundation does not reimburse LHC for these expenses.”

“Uncollectible Pledges from Campaign -45,013. Audit Adjustment to Net Assets 30,396.”