Form 990, Part IV, Line 20A |
The tax-exempt entity is a joint venture LLC out-patient clinic that is controlled 50/50 by two hospitals. Each hospital reports its respective share of the activity of the LLC on their audited financial statements and Forms 990. |
Form 990, Part VI, Section A, line 6 |
The organization is an LLC and has two members/owners that are hospitals. |
Form 990, Part VI, Section A, line 7a |
The Board of Trustees of each member/hospital selects one (1) individual to represent that member/hospital in all matters and to vote the hospital's membership interest. The board of trustees of each member/hospital may also select an alternate to serve in the representative's place if for any reason the representative is unable to attend a meeting or otherwise fulfill their duties. |
Form 990, Part VI, Section A, line 7b |
Certain actions require member approval as listed in the articles of organization. Examples of such actions are: 1) Amending the articles of organization, 2) Merging or consolidating the "company" into another entity, 3) Selling, assigning or transferring the "company's" assets, 4) Dissolving, liquidating or reorganizing the "company", 5) Admitting other members to the "company", 6) Approving the annual budget or a call for additional capital to be contributed, 7) Approving purchases, contracts or any business decisions requiring expenditures of $100,000 or more, or 8) Approving any loan or capital lease whose term is over 3 years or whose amount is greater than $50,000. |
Form 990, Part VI, Section B, line 11b |
The organization has two members/owners. Each member/owner elects 3 individuals (managers) to manage the organization's day-to-day operations. The managers in turn elect a chairman. The chairman reviews the Form 990. After the chairman completes the review, a copy is submitted to the organization's elected representatives. The Form 990 is filed after the representatives have reviewed the form and all questions or corrections have been addressed. |
Form 990, Part VI, Section C, line 19 |
The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon written request for the same period of disclosure as set forth in IRC section 6104(d). |
Form 990, Part IX, line 11g |
Physician Fees: Program service expenses 365,971. Management and general expenses 0. Fundraising expenses 0. Total expenses 365,971. Purchased Services: Program service expenses 476,520. Management and general expenses 0. Fundraising expenses 0. Total expenses 476,520. |