Purchaser Business Group on Health

“Form 990 is initially reviewed by the ceo & cfo. It is subsequently reviewed by the audit committee, acting on behalf of the board. Following these reviews and prior to filing the return with the internal revenue service, copies of the form 990 will be emailed to all board members.”

“The policy covers board members, officers, and key employees who are required to annually disclose any potential conflicts. Disclosures are collected and reviewed by the coo for any potential conflicts. The board of directors decides if any additional action is necessary such as recusal or removal of the conflicted individual.”

“The president & ceo's starting salary is determined by the compensation committee of the board of directors utilizing industry-specific benchmark studies that include comparability data from other organizations. Compensation increases and incentive payments for the president & ceo determinations are based upon the annual performance review conducted by the compensation committee of the board of directors. The basis for the determinations is the president & ceo's performance in conjunction with periodic industry-specific benchmark studies that include comparability data from other organizations. Compensation determinations for the president & ceo are contemporaneously documented in writing. The starting salary of officers and key employees is based upon industry-specific benchmark studies that include comparability data from other organizations. Increases and incentive payments are based upon annual performance reviews or as the result of an industry-specific benchmark study review. Compensation determinations for officers and key employees are contemporaneously documented in writing.”

“The governing documents, conflict of interest policy and financial statements are all available upon request.”

“Other professional fees: program service expenses 39,589. Management and general expenses 16,279. Fundraising expenses 707. Total expenses 56,575. Consultants/adminstrative services: program service expenses 2,743,482. Management and general expenses 89,619. Fundraising expenses 300. Total expenses 2,833,401.”

“Transfer of pbghna net assets 87,547. Impairment -194,256.”

“The process has not changed from the prior year.”