Lchs Foundation Inc.

“The organization did not have separate committees with the authority to act on behalf of the governing body during the 2017 tax year. As such, form 990, part vi, section a, line 8b has been marked "no".”

“The form 990 is prepared by an independent accountant. The draft form 990 is then reviewed by the chief executive officer and chief financial officer; adjustments are made, as necessary. The form 990 is then provided to all members of the board of directors prior to filing with the internal revenue service.”

“All members of the board of directors, officers, key employees, or members of any committee of lchs foundation's board of directors provides written disclosures of potential conflicts of interest at the time of their appointment and annually thereafter. All disclosures are made to the board president (who shall disclose his or her conflicts to the board of directors). All members of the board of directors are prohibited from deliberating, voting, or attempting to influence the vote of other members of the board of directors on matters which they may have a financial or other interest, either for himself or herself, or for a member of his or her immediate family. The minutes of the board of directors or any committee of the board of directors for any meetings where potential conflicts of interest are disclosed and discussed contain: (i) the names of the persons who disclosed an actual or potential conflict of interest or otherwise were found to have a conflict of interest, and the nature of the conflict of interest; and (ii) the names of the persons who were present for discussions and votes relating to the transation or arrangement, the content of the discussion, including any alternatives to the proposed transaction or arrangement considered and the appropriate comparability data relied upon, and a record of any votes taken.”

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