Cornell Scott Rwc Qalicb Inc

“Cornell scott-hill health corporation designates the members who will serve on the board of directors of cornell scott rwc qalicb, inc.”

“Cornell scott-hill health corporation has authority to make governance decisions for cornell scott rwc qalicb, inc.”

“The form 990 is reviewed by management of the organization, as well as the finance committee. Once they review and recommend for approval, it is then made available to the board prior to filing.”

“Each director, principal officer and member of a committee with governing board delegated powers shall sign a statement which affirms such person: a. Has received a copy of the conflicts of interest policy, b. Has read and understands the policy, c. Has agreed to comply with the policy, and d. Understands the corporation is organized exclusively for charitable purposes under section 501(c)(3) of the code, and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall refrain from participating in the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists.”

“The organization provides governing documents, financial statements and form 990 to the public upon request.”

“Michael taylor serves on the board of directors for cornell scott rwc qalicb, inc. And doug magazu is the top financial official (deemed to be an officer) for cornell scott rwc qalicb, inc. Irs guidance states that if any board members and/or officers of the filing organization are compensated by a related organization, their compensation from that related organization must be disclosed. Michael taylor and doug magazu are employed by a related organization (cornell scott-hill health corporation) and compensated as employees of that organization. Neither individual is paid by cornell scott rwc qalicb, inc. As a result, their compensation is reported in form 990, part vii, section a, line 1a, column (e) "reportable compensation from related entities" for cornell scott rwc qalicb, inc.”

“Asset management fee: program service expenses 84,750. Management and general expenses 0. Fundraising expenses 0. Total expenses 84,750.”

“Change in fair value of interest rate swap 308,888.”

“The finance committee oversees the audit process.”