Ole Health Nmtc

“Ole health has the power to appoint a simple majority of the organization's board of directors. The remainder may be appointed by ole health foundation, or elected by the existing board.”

“The organization utilized a professional accounting firm to prepare the form 990, who worked in conjunction with ole health's finance and accounting team to gather the required information. Upon review of the form 990 by ole health's management team, a copy of the form 990 and all related schedules and statements was provided to members of the board of directors before filing in order to allow sufficient time for review and comment.”

“Each director, corporate officer, top management official, key employee, and others that the organization may identify annually sign a statement that affirms that they: (i) have received a copy of the conflict of interest policy, has read and understood the policy, and has agreed to comply with the policy, and (ii) will truthfully disclose their financial interests and family relationships that could give rise to any actual or potential conflicts of interests. Each insider with a potential conflict of interest shall promptly disclose to the board all material facts regarding his/her interest in the transaction. The board then reviews the material facts concerning such interested person's interest in the transaction and determine if the interest constitutes a conflict of interest. If a conflict of interest has been found, the board may ask questions of and receive presentations from the insiders and any other interested persons, but deliberates and vote on the transaction in their absence. After exercising due diligence, which may include investigating alternatives that present no conflict of interest, the board determines whether the transaction is in the organization's best interest, for its own benefit, and whether it is fair and reasonable to the organization.”

“The organization does not compensate its president, other officers, or key employees; rather, these individuals are compensated by ole health, a related organization. As such, part vi, section a, lines 15a and 15b have been answered "no" as mandated by the form 990 instructions.”

“The audited financial statements, conflict of interest policy, and governing documents are all available upon request.”

“The organization is filing an initial, short fiscal year return in which there is no calendar year that ends within the short fiscal year. As such, form 990, part vii, sections a and b have been left blank, as mandated by the form 990 instructions.”

“Molly nelson and tanir ami receive compensation from ole health, a related organization, in relation to their duties as officers of ole health, ole health foundation, and ole health nmtc; as such, they are considered non-independent voting members of the board. Compensation is not reported for them on form 990, part vii as there is no calendar year falling within the organization's short fiscal year.”