Pace at Hudson Headwaters Inc

“This organization's sole member is hudson headwaters health network, a related 501(c)(3) organization.”

“Hudson headwaters health network as the sole member of the organization has the power to appoint the board of directors.”

“The sole member of the organization has the following reserved powers that require member approval before the governing body can take action: (a) adopt, amend, modify or restate the certificate of incorporation of the corporation, in whole or in part; (b) approve each annual operating budget of the corporation and any capital plan or budget; (c) approve significant financial transactions in amounts equal to or greater than $350,000; (d) approve any acquisition or any sale, lease, exchange, mortgage, pledge or other alienation of assets or real property of the corporation; (e) select the corporation's financial auditor; (f) approve any merger, consolidation or dissolution of the corporation; (g) approve settlements of litigation or other claims when such settlements exceed an amount equal to $100,000; and (h) approve any change or additions to the business operations of the corporation.”

“An independent accountant prepares the 990. After preparation, a copy of the draft return is provided to the board members via email or at a board meeting prior to submission with the irs.”

“The organization regulary and consistently monitors its conflict of interest policy with an annual update of all interest that could potentially lead to a conflict of interest for all employees. If a conflict of interest potential is recognized the board shall determine whether a conflict exists and whether such director should abstain from voting.”

“The board of directors of hudson headwaters health network (the sole member of the organization) sets compensation for the ceo. The ceo compensation is paid directly by hudson headwaters health network, not the organization. The ceo sets the compensation for officers and key employees of the organization. The organization hires hudson headwaters health network to provide compensation benchmarking services, including using a survey where possible, comparable positions within the region, compensation consultants and board review. Final compensation is determined by a combination of management, finance and human resources to ensure fairness and consistency in setting pay rate and benefit levels.”

“The documents are available upon request at 38 larose street, glens falls, ny 12801.”

“Other consulting: program service expenses 204,095. Management and general expenses 0. Fundraising expenses 0. Total expenses 204,095.”