Employee Community Foundation Optum Washington

“Per the Bylaws of the Everett clinic foundation, the everett clinic has the authority to elect board members.”

“This form 990 and schedule b was prepared by the finance department personnel of the everett clinic foundation in collaboration with its outside accounting firm. Prior to filing, a copy of this form 990 and schedule b was reviewed by the foundation's tax manager and president. A copy of this form 990 and schedule b was also provided to all board members for their review before filing with the irs.”

“The everett clinic foundation has a procedure in place that is followed in instances where a conflict of interest arises. Board members are required to conduct him/herself solely in the interests of the foundation without consideration of personal advantage or gain in the interests of any company, agency, organization or association. He or she is required to disclose any material personal, financial, or other beneficial interest in any entity asking for funds from tec foundation. In the event there is an actual or possible conflict of interest, the board member must disclose the existence of the financial interest. Any director may recuse him/herself at any time from involvement in any decision or discussion in which the director believes he or she has or may have a conflict of interest. After disclosure of a possible conflict of interest and all material facts, the remaining board members shall decide if a conflict of interest exists.”

“the everett clinic foundation governing documents and financial statements available to the public upon request.”

“All board members, with the exception of one, are employees of the everett clinic a related entity and thus are not considered to be independent. As the everett clinic is a taxable entity, is not owned or controlled by the foundation, does not provide management services for a fee to the foundation and the board members of the foundation are on a volunteer basis, the volunteer exception applies. As such related party compensation is not required to be reported on form 990, part vii, section a.”