Path Partnerships

“The sole member of the corporation shall be fauquier health foundation ("fhf"), a virginia nonstocll corporation.”

“Fauquier health foundation shall have the exclusive right to vote on the election, appointment, replacement or removal, with or without cause, of any or all of the directors of the corporation.”

“Fauquier health foundation must approve all amendments to the articles of incorporation of the corporation and its by-laws.”

“The organization prepares the irs form 990 with assistance from an outside accounting firm. Once a draft of the form 990 is completed, it is submitted to the management of the organization for review and comments. After incorporating changes from management, materially complete draft forms 990 are made available to the board of the organization. Comments or questions received from the board are incorporated into a final irs form 990 which is signed by the president, christine m. Connolly.”

“Under the conflict of interest policy, all board members, management, and key employees complete an annual disclosure form regarding business relationships that he or she, or any family member, has with any other company that does business with the organization, as well as any business relationships between and among the board members, management, and key employees. The annual disclosure statements are reviewed by independent legal counsel and the audit and compliance committee, who are ultimately responsible if a conflict exists. Any such conflicts would be reported to the full board. In addition, any person who is covered by the conflict of interest policy has an ongoing obligation to disclose the existence of any actual or potential conflict to the board or the board committee in which the matter arises. Finally, the organization monitors board member eligibility for any potential conflicts, in order to avoid such conflicts from occurring in the first place. An opportunity is given at the start of each meeting to disclose any conflict of interest.”

“The president is compensated by the fauquier health foundation (dba the path foundation). The organizations" board adopted a compensation policy for its ceo and cfo. An executive compensation committee of independent directors of the board of the organization" was established to review the compensation for all employees specified having a substantial influence over the organization and who receive remuneration from the organization'". The executive compensation committee is advised by an independent compensation consultant, which opines to the compensation committee that the level of compensation paid and the process by which compensation is established to meet applicable irs reasonableness and safe harbor standards. The outside compensation consultant provides data of compensation provided at similar organizations to ensure that the organization does not compensate in excess of market norms.”

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

“Consulting fees: program service expenses 10,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 10,000.”

“The organization has an audit committee that assumes the responsibility of oversight of the audit, review or compilation of its financial statements”