Cornell Scott-Hill Health Center Foundation

“Cornell scott hill-health corporation is the sole member of cornell scott hill-health center foundation.”

“Cornell scott-hill health corporation is the sole member of cornell scott-hill health center foundation. Per the bylaws article ii, section ii and article iii, section ii, the sole member has the authority to designate the initial board members and approve or disapprove material action or proposed action of the board of directors.”

“Cornell scott-hill health corporation is the sole member of cornell scott-hill health center foundation. Per the bylaws article ii, section ii, "the sole member may approve or disapprove material action or proposed action of the board of directors, and, further, may amend the articles of incorporation and these bylaws; organize any subsidiary or affiliate; and approve material expenditures and acceptance of gifts. The sole member may from time to time establish thresholds of materiality for financial matters and other proposed actions of the foundation."”

“A copy of form 990 will be provided to the full board of directors of the cornell scott-hill health center foundation, inc. For review annually, prior to its filing with the internal revenue service.”

“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.”

“Documents are available upon request.”

“Michael taylor and andrea lobo serve on the board of directors for cornell scott-hill health center foundation, inc. And doug magazu is the top financial official for cornell scott-hill health center foundation, 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, andrea lobo and doug magazu are employed by a related organization (cornell scott-hill health corporation) and compensated as employees of that organization. None of the three individuals are paid by cornell scott-hill health center foundation, 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-hill health center foundation, inc.”

“Cornell scott-hill health center foundation does not pay any employees directly. The individuals receive their w-2s from cornell scott-hill health corporation. Cornell scott-hill health center foundation utilizes the staff from cornell scott-hill health corporation as its own employees, and so these compensation amounts are included as salary expense on the statement of functional expenses.”

“The finance committee oversees the audit process. The process has not changed from the prior year.”