Careoregon Foundation

“Careoregon foundation's form 990 is prepared by an external accounting firm, utilizing data provided by the careoregon, inc. Finance department. The draft undergoes a multi-step review process before the final draft is presented to finance committee and the board of directors by the chief financial officer or vice president & controller. Each reviewer is given sufficient time to examine and provide feedback. Final approval is obtained prior to electronically submitting to the irs by the external accounting firm.”

“Careoregon foundation is currently in its development stage. The board of directors of the foundation shall adopt and enforce a policy on conflicts of interest that would require the disclosure by all directors, officers, and other persons in a position to influence corporate decisions of actual and potential conflicts of interest.”

“Officers of careoregon foundation are compensated by a related organization, careoregon, inc., for their responsibilities at careoregon, inc. And its subsidiaries. They do not receive compensation from careoregon foundation. Market data on the total compensation package for executive positions are provided annually by an outside independent compensation consultant using comparable organizations by industry, profit/non-profit status and size by revenue. The compensation committee of the board, consisting of a majority of independent board members, reviews market data, evaluates ceo performance and reviews ceo recommendations for compensation for other executive officers. The committee presents its recommendations for ceo to the board. Compensation decisions are approved by board resolution. The board reviews the compensation committee's recommendation for the compensation of all other employees as part of the budget approval process. The process of determining the compensation of top management officials and key officers includes a review of an independent consultant's report of comparable salaries of similar organizations and is guided by written compensation practices. With the ceo and all other officers absent from the executive session, the board approves the salary of the ceo. This compensation approval process was last undertaken on march 15, 2024 for the ceo, and the ceo's recommendations for other officers. There is contemporaneous documentation of this process and the results.”

“The tax return information is available upon request. While no requirement to make its governing documents, conflict of interest policy and financial statements available to the public exists, careoregon foundation will consider all requests for these documents on a case-by-case basis.”

“Officers of careoregon foundation are compensated by a related organization, careoregon, inc., for their responsibilities at careoregon, inc. And its subsidiaries. They do not receive compensation from careoregon foundation.”

“For the year ended december 31, 2023, an audit was performed by an independent auditor for the consolidated careoregon group which includes careoregon, inc., health plan of careoregon, inc., care access llc, 900 s. Holladay dr, llc, columbia pacific cco, llc, jackson county cco, llc, housecall providers services llc, housecall providers, pc, and careoregon foundation.”

“Transfer from careoregon, inc. 25,000,000.”