Northwest Osteopathic Medical Foundation

“General accounting, including accounts payable, bank reconciliations and all of accounting processes including preperation of financial statements are handeled by an outside accounting firm under board approved procedures. Investment management is handled by an investment advisor that meets semi-anually with investment committee and works under a board approved investment policy.”

“One class of members elect the officers of the board of directors”

“Copies of the 990 will be distributed to all board of directors (governing body) members indicating they should review the document and have questions and concerns directed through the executive director by a given deadline. In the event that any questions or concerns could not be resolved, a special meeting of teh board of directors would be held and the issues resolved beforew filing with the irs.”

“All employees and members of the board of directors are covered in the conflict of interest policy. No member of the immediate family of a board member may receive scholarship funds from the organization. This is reviewed by the scholarship application review committee during the decsion process. Contributions to afdma were reviewed by the executive director at the time and determined to not be a conflict of interest.”

“The board reviews compensation paid to executive directors at other non-profit organizations.”

“Conflict of interest policy, financial statements and irs form 990 are made available to the public upon request”