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FORM 990, PART VI, SECTION A, LINE 2 | CHRISTOPHER WELCH AND RACHAEL WELCH ARE MARRIED AND WERE BOTH ON THE BOARD CONCURRENTLY. |
FORM 990, PART VI, SECTION A, LINE 4 | IN JANUARY 2020, THE ERLANGER HEALTH SYSTEM FOUNDATION BOARD VOTED TO UPDATE ITS BYLAWS. A QUORUM WAS REDEFINED "AS A MAJORITY OF THE NUMBER OF VOTING DIRECTORS SHALL CONSTITUTE A QUORUM FOR THE TRANSACTION OF BUSINESS." PREVIOUSLY, VOTING MEMBERS ONLY INCLUDED THE OFFICERS ON THE EXECUTIVE COMMITTEE. ADDITIONALLY, THE BOARD OF DIRECTORS' TERM WAS CHANGED FROM THE CORPORATION'S FISCAL YEAR (JULY 1 THROUGH JUNE 30) TO A CALENDAR YEAR (THE CORPORATION'S FISCAL YEAR WAS NOT ALTERED). BOARD OF DIRECTORS DUTIES WERE REVISED REGARDING THE OVERSIGHT OF THE FOUNDATION PRESIDENT, SPECIFICALLY THAT THEIR DUTY IS TO PARTICIPATE IN THE PRESIDENT'S ANNUAL PERFORMANCE REVIEW AND HIRING AND FIRING IN CONJUNCTION WITH ERLANGER HEALTH SYSTEM. EXECUTIVE COMMITTEE AT-LARGE MEMBERS TERMS WERE ADDED TO THE BYLAWS AND STATE THAT "TERMS ARE ONE (1) YEAR AND ARE ELIGIBLE TO SUCCEED THEMSELVES ANNUALLY." ANY COPIES OF PUBLIC DOCUMENTS ARE MADE AVAILABLE ON REQUEST. |
FORM 990, PART VI, SECTION B, LINE 11B | INFORMATION FOR THE FORM 990 IS PROVIDED TO AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTANT FOR PREPARATION OF THE RETURN. AFTER THE RETURN IS PREPARED, IT IS REVIEWED BY THE FINANCE COMMITTEE OF THE BOARD AND A COPY IS PROVIDED TO THE FULL BOARD PRIOR TO FILING. |
FORM 990, PART VI, SECTION B, LINE 12C | EACH YEAR BOARD MEMBERS ARE REQUIRED TO SIGN A STATEMENT DISCLOSING ANY CONFLICTS OF INTEREST OR STATING THAT THEY DO NOT HAVE ANY CONFLICTS OF INTEREST IN REGARDS TO SERVING ON THE BOARD OF THE FOUNDATIONS. STATEMENTS ARE REVIEWED ANNUALLY BY BOARD OFFICERS. |
FORM 990, PART VI, SECTION C, LINE 19 | COPIES OF ANY PUBLIC DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. |
FORM 990, PART XI, LINE 9: | LOSS FROM EXPECTED LOSSES ON UNCONDITIONAL PROMISES TO GIVE -218,332. |
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