Hospice Endowment Trust Fund of Phoenix Az

“Hospice endowment trust fund of phoenix, az, has no employees and does not have separate written whistleblower or document retention and destruction policies but follows the written policies of hospice of the valley, a related organization.”

“Deborah shumway, executive director, is also the executive director of the parent organization, hospice of the valley. Her compensation is paid by hospice of the valley. The executive committee of the board of directors of hospice of the valley receives industry compensation data from hospice of the valley's human resources department based on salary surveys conducted by outside organizations. In addition, they utilize salary data from the 990's of other comparable hospices for comparative purposes. Based on their review, the executive committee determines the salary for the executive director. The process for the determination of compensation for other officers and key employees includes the review of comparability data from outside organizations and the substantiation of the deliberation and decision. The executive director communicates compensation decisions for other officers and key employees to the president of the board of directors.”

“Election of certain board members is subject to approval by hospice of the valley board of directors.”

“Certain major decisions made by the trustees of hospice endowment trust fund require approval by hospice of the valley board of directors.”

“Hospice of the valley retains an independent tax advisor to assist management in preparation and review of its irs form 990. Management reviews the return and all the required schedules with representatives of the finance committee of the board of directors. The finance committee representatives are provided form 990 for closer review and are allowed a period for comments prior to filing. Copies of the form 990 are made available to the other trustees of the hospice endowment trust fund of phoenix, az prior to filing with the irs.”

“Annually, each officer, director, trustee, and key employee is provided the conflict of interest policy. They, in turn, report any activity or relationship that could give rise to any actual or potential conflict of interest. The executive director and controller review the conflict of interest forms to determine if there are any actual or potential conflicts. If any are identified, that information is shared with the board president and the respective individual is excluded from voting on any issues related to their conflict.”

“The governing documents and conflict of interest policy for hospice endowment trust fund of phoenix, az (endowment) are not made available to the public. Hospice of the valley, a related tax-exempt organization, files its consolidated audited financials, which includes endowment, with its annual medicare cost report. This information is subject to a public records request. Hospice of the valley provides financial statements upon request.”

“Net asset transfers from related organization, hospice of the valley - 9910609;”