St Vincent'S Institution

“The Governing Board of Directors has the power to select and remove all of the officers of the corporation except the chairperson of the Board. Without the approval of the Corporate Member, the Governing Board of Directors cannot appoint, elect, or remove any director of the corporation or change the number of directors, and cannot appoint or remove the chairperson of the Board and cannot appoint or remove the Executive Director/CEO of the corporation.”

“All decisions of the governing body are subject to approval by the Corporate Member.”

“Prior to filing St. Vincent's Form 990, the Board of Directors will receive a copy of the final Form 990 and related documents. A meeting will be held to review, discuss, and approve the filing of the Form 990 with the Internal Revenue Service.”

“Each year St. Vincent's distributes its Conflict of Interest Policy Document to its governing board and employee staff. Once distributed, the Document is required to be returned and responses are reviewed by the Board Chair and/or CEO as appropriate, noting any circumstances of impairment of independence.”

“Annually, the governing board reviews salary history and related market data for similar salaried positions, and approves the President, Chief Executive Officer and Chief Financial Officer's salaries. Other executive and key employee salaries are reviewed and approved by the governing board.”

“Both the audited financial statements and Form 990 are submitted to Funders upon request as part of the grant application process. The President and Chief Executive Officer will discuss and distribute other documents, as appropriate, upon request.”

“Professional fees & purchased srvs.: Program service expenses 878,627. Management and general expenses 0. Fundraising expenses 12,573. Total expenses 891,200. Contract services: Program service expenses 311,499. Management and general expenses 203,795. Fundraising expenses 25,853. Total expenses 541,147.”

“Cash surrender value of life insurance 44,533. Change in value of interest in perpetual trusts 50,200. Change in value of charitable trust agreements 15,989. Consideration paid for noncontolling interest in partnership -242,418. Assignment of noncontrolling interest in partnership -6,155,922. Loss in operations for noncontrolling partnership interest 514,179. Adjustment to include the net assets of subsidiaries 444,239.”