Barlow Foundation

“The Chief Financial Officer and the Finance Department staff will prepare and file the returns. When it is deemed appropriate, consultative support and /or review will be solicited from an external public accounting firm. Prior to filing, the return for each of the Barlow Organizations will be distributed to the Barlow Group Board of Directors for their review. The Chief Executive Officer performs a final review and approves the Annual Information Returns before filing.”

“A Code of Conduct has been developed and is reviewed and an affirmation statement is signed annually. In addition a "Conflict of interest Board of Directors" Policy is reviewed and a "Conflict of Interest Disclosure Questionnaire" is completed every two years.”

“All management and employees are compensated by Barlow Respiratory Hospital ( a related organization) so no review of compensation is performed by this organization. However the Personnel/Compensation sub-committee of the Barlow Hospital Board of Directors conducts annual performance reviews of the Chief Executive Officer and Chief Financial Officer and is charged with recommending salary increases and bonuses for approval by the Board of Directors.”

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

“Dr.David Nelson received compensation was for his Medical Director services and not for his services as a member of the board of directors.”

“Client Note 1 -”

“Present value adjustment for Cook Trust = -$12281”

“Present value of pledges receivable = -$82357”

“Barlow Foundation's mission is to generate funds to support Barlow Respiratory Hospital with funding which will help sustain the hospital's ability to provide specialized treatment in the area of respiratory medicine. The hospital currently operates in a building that was built in 1927 and must be replaced in order for the hospital to continue as a relevant health care provider. To that end the Barlow Foundation has embarked on a $25 million capital campaign that will provide essential funding for a new hospital building to be constructed on the current hospital site. Much of the Foundation's current activities and therefore current expenditures are devoted to this capital campaign which is soliciting funds for the new hospital. Pledge commitments that will provide an essential component of the funding in the next few years for the construction of the new hospital are being solicited.”

“Director and employees are employed and compensated by Barlow Respiratory Hospital(BRH). BRH reports 100% of the individual's compensation on W-2's issued by BRH. However, some of these employees are assigned duties to other related organizations (See Schedule R for additional information regarding the related organizations). As a result of these assignments, wage and benefit costs are allocated to related organizations. The wage and benefit costs allocated to each organization are reported on Form 990, Part IX, Statement of Functional Expenses for each individual as being compensated directly by the filing organization and the balance of compensation is reported as compensation paid by related organizations.”