Smc Development Inc

“Power to elect or appoint one or more members of the governing body: the number of directors which shall constitute the whole board shall be not less than four, provided, at all times at least seventy-five percent of the members of the board shall be personselected or appointed by the board of trustees of stillwater medical center authority (smca).”

“Governance decisions: subject to the foregoing limitation on the minimum number of directors, the board of trustees of smca may at any meeting determine the number which shall constitute the board of the corporation and the number so determined shall remain fixed until changed in the same manner.”

“Process to review form 990: a copy of the tax return is provided to the board at a regularly scheduled meeting.”

“Conflict of interst policy: smc development conforms to the conflict of interest policy of stillwater medical center authority. Officer(s) and board members are required to acknowledge the policy annually and to disclose any relationship that could give rise to conflicts of interest. When a conflict of interest arises, the conflicted person is prohibited from participating in discussions and must abstain from voting with regard to the matter giving rise to the conflict.”

“Availability of documents: the organization does not make its governing documents, conflict of interst policy, or financial statements available to the public.”

“Bank fees: program service expenses 0. Management and general expenses 15. Fundraising expenses 0. Total expenses 15. Professional services: program service expenses 910,325. Management and general expenses 0. Fundraising expenses 0. Total expenses 910,325. Compliance fees: program service expenses 0. Management and general expenses 12,500. Fundraising expenses 0. Total expenses 12,500.”