Asante Foundation

“Jeff and vickie crockett are spouses.”

“Asante is the sole member of asante foundation.”

“Asante, as the sole member of asante foundation, retains the right to appoint board members.”

“Asante, as the sole member of asante foundation, retains the right to approve governance decisions made by the board.”

“Policy summary: the federal form 990 is a federally mandated legal document that is highly regulated. Within asante foundation they are to be prepared by personnel in the asante accounting department. Asante is the parent corporation of asante foundation. Additional assistance will be provided by personnel in the asante marketing, compliance, and executive departments. Before final submission of the documents, they are reviewed by the manager of finance, director of finance and cfo. After submission the final returns are presented to the foundation board of directors. 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 asante 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. Once all reviews and corrections are made, the asante cafo will sign all appropriate returns for filing. 8. 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 will be kept at the asante corporate headquarters for public display and copying, as requested. 9. The asante chief executive officer and members of the foundation board of directors will look over the final set of returns.”

“Each year, the foundation mails to all board members a conflict of interest questionnaire to comply with the foundation's conflict of interest policy. The purpose of the policy is to protect the interests of both the asante foundation and asante (its supported organization) when it is contemplating entering into a transaction or arrangement that might benefit the private interests of a board member. Asante's corporate compliance officer is responsible for administering, monitoring, and investigating any possible conflicts and makes an annual report to the asante 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. At least every two years, the review is conducted and presented to the compensation committee by an outside consultant, chosen by the compensation committee. On alternate years, the general market movement is considered and the review is completed and presented by the vp of human resources. 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 by an outside consultant was completed in 2019, the vp of hr provided the update recommendations in 2020.”

“No documents available to the public.”

“Amounts reported represent disbursements to other exempt related organizations for services rendered to the filing organization. The filing organization does not report employees under part v, line 2a as it has entered into contract agreements with related organizations for financial and administrative support services conducted under the direction of the filing organization.”

“Ap payments from temp rest -16,325. Gift fmv versus bv -8,374.”