Asante

“Policy summary: the federal forms 990 and 990-t are federally mandated legal documents that are highly regulated. Within asante, they are to be prepared by personnel in the accounting department. Additional assistance will be provided by personnel in the marketing, compliance, and executive departments. Before final submission of the documents, they are to have asante board review. Policy details: 1. When final audited financial information is available, accounting personnel will compile the needed information to prepare the appropriate returns for the prior fiscal year. 2. As needed, accounting will file all appropriate extensions on a timely basis. However, the final submission can never be extended past august 15th of the year following the fiscal year being filed. 3. In addition to normal preparation, accounting personnel will coordinate with personnel in marketing, compliance, and possibly the executive departments in preparing the various schedules needed to complete the return. All work papers are to be retained in a permanent file. 4. When all necessary information has been compiled, it is to be loaded into appropriate tax software. 5. When completed, a draft return will be reviewed by the chief administrative and finance officer. After the review, accounting will clear all review notes and comments. 6. Once reviewed by the cafo, an additional review will be performed by an outside cpa firm. Accounting will again clear any additional review notes and comments submitted by the outside cpa. 7. The chief executive officer and members of the board of directors will look over the final set of returns and make further comments and corrections, as is appropriate. 8. Once all reviews and corrections are made, the cafo will sign all appropriate returns for filing. 9. All returns will then be filed either electronically or paper copy with the appropriate government agency. A copy of each return is to be kept in the accounting department and a copy of the 990 and 990-t will be kept at corporate headquarters for public display and copying, as requested.”

“Each year, asante mails to all asante management, key employees, and board members a conflict of interest questionaire to comply with asante's conflict of interest policy# 400-ld-034 and 036. The purpose of the policy is to protect asante's interests when it is contemplating entering into a transaction or arrangement that might benefit the private interests of a board member or officer of the corporation. In addition, all asante employees have an obligation to disclose conflicts of interest or potential conflicts to their supervisor. The corporate compliance officer is responsible for administering, monitoring, and investigating any possible conflicts and make an annual report to the board of directors.”

“The compensation committee of the board of directors annually reviews the compensation of the ceo and other key employees. The review compares the compensation of the ceo and other key employees with compensation data for job incumbents in comparable positions at other healthcare organizations of similar size and scope. The data is provided and presented to the compensation committee by an outside consultant. The compensation committee sets the actual annual cash compensation for the ceo and salary ranges for the other key employees. The committee also sets total compensation opportunity for the ceo and each of the key employees, consistent with the executive compensation philosophy. Minutes of the committee deliberations and decisions are recorded and maintained. The most recent executive compensation review was completed in 2012.”

“Currently, asante does not make available to the general public copies of its governing documents, conflict of interest policy, or its financial statements.”

“Prior year equity transfer adjustment 1,923,193. Donated capital 297,011. Equity transfers to affiliates -28,933,451.”