2020-09-17T17:53:04-05:00 2019-12-31 204749363 ISLER MEDFORD LLC 839 ALDER CREEK DR MEDFORD OR 97504 990 2019-01-01 930691238 ASHLAND COMMUNITY HOSPITAL FOUNDATION ASHL 5414820367 PO BOX 98 ASHLAND OR 97520 ED COLSON PRESIDENT 5412014014 2020-09-17 1 CAROLYN M RYDER P00033827 5417797641 68.186.121.86 2020-09-17 15:52:47 PD P 559CDCEAEAC12459CAB172DDB451BB89707E5F70 559CDCEAEAC12459CAB172DDB451BB89707E5F70 2019 2021-01-29 14:40:06Z X JANET TROY PO BOX 98 ASHLAND OR 97520 3050743 0 X WWW.ACHFOUNDATION.ORG X 1977 OR SEE SCHEDULE O - PAGE 36 FOR FOUNDATION MISSION STATEMENT.OUR MISSION IS TO SOLICIT, STEWARD AND GRANT FUNDS TO SUPPORT ASANTE ASHLAND COMMUNITY HOSPITAL.VISION INSPIRING PHILANTHROPY TO ENHANCE ASANTE ASHLAND COMMUNITY HOSPITAL SERVICES.VALUES WE ACHIEVE OUR VISION AND LIVE OUR MISSION BY VALUING:*PASSION FOR ASANTE ASHLAND COMMUNITY HOSPITAL AND COMMUNITY HEALTH;*GENEROSITY WITH CHARITABLE GIFTS, TIME, AND EXPERTISE;*STEWARDSHIP IN THE MANAGEMENT OF ASSETS ENTRUSTED TO OUR CARE;*STRATEGIC PARTNERSHIP WITH ASANTE ASHLAND COMMUNITY HOSPITAL, ASANTE AND COMMUNITY MEMBERS;*ADVOCACY TO RAISE THE PROFILE OF ASANTE ASHLAND COMMUNITY HOSPITAL AS AN HONORED INSTITUTION IN THE COMMUNITY; *INDEPENDENCE FOR ASHLAND COMMUNITY HOSPITAL FOUNDATION 13 1 0 0 280000 0 946264 550478 34076 35013 606641 297384 179040 280346 1766021 1163221 520805 444901 0 0 0 0 0 0 0 233894 223933 754699 668834 1011322 494387 7729377 9253309 126333 148418 7603044 9104891 X OUR MISSION IS TO SOLICIT, STEWARD AND GRANT FUNDS TO SUPPORT ASANTE ASHLAND COMMUNITY HOSPITAL. 0 0 445277 444901 115811 SEE SCHEDULE O - REPORTED NET OF UNUSED GRANTS. 5205 35013 THROUGH EFFORTS OF ASHLAND COMMUNTIY HOSPITAL FOUNDATION, THE COMMUNITY OF TALENT, OREGON CONTINUES TO RECEIVE QUALITY HEALTHCARE. IN 1994, THE FOUNDATION CONSTRUCTED A PHARMACY IN THAT COMMUNITY, WHICH IS RENTED TO MEDICAP PHARMACY. THIS PROJECT HELPED GUARANTEE ACCESS TO PHARMACEUTICALS IN THE COMMUNITY. 450482 1 1 0 0 0 1 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 13 1 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 1 0 0 0 OR X X REID HANNA JOHNSON & COMPANY LLC 5414823711 1101 SISKIYOU BLVD ASHLAND OR 97520 X KAREN AMAROTICO DIRECTOR 2.00 X 0 0 0 CINDY BERNARD DIRECTOR 2.00 X 0 0 0 KAREN DRESCHER DIRECTOR 2.00 X 0 0 0 LAUREL KIICHLI DIRECTOR 2.00 X 0 0 0 SHARON LASKOS DIRECTOR 2.00 X 0 0 0 JANE STROMBERG DIRECTOR 2.00 X 0 0 0 JOY DOBSON WAY DIRECTOR 2.00 X 0 0 0 MELISSA GRUDIN DIRECTOR 2.00 X 0 0 0 ERIC HERRON DIRECTOR 2.00 X 0 0 0 ZEPH ROBERTSON DIRECTOR 2.00 X 0 0 0 LINDA BUTLER TREASURER 2.00 X 0 0 0 ED COLSON PRESIDENT 2.00 X 0 0 0 MARGIE LININGER SECRETARY 2.00 X 0 0 0 0 0 0 0 0 0 0 0 550478 550478 RENT OF MED FACILITIES 531390 35013 35013 35013 181919 181919 280000 0 280000 280000 280000 2002987 1887522 115465 115465 115465 MISCELLANEOUS INCOME 561000 346 346 346 1163221 150824 280000 181919 335832 335832 109069 109069 33220 33220 43787 43787 2180 2180 9804 9804 4007 4007 OTHER OPERATING EXPENSE 121001 121001 BOARD RECOGNITION AND D 8360 8360 OTHER RENTAL EXPENSE 1574 1574 668834 450482 218352 0 56607 46084 180235 287692 406451 327844 2297 3787 569243 91994 481256 477249 6602531 8110653 7729377 9253309 7217 10272 2854 0 116262 138146 126333 148418 X 2424932 3144093 5178112 5960798 7603044 9104891 7729377 9253309 X 494387 993043 333682 -319265 X X 0 1 X 1 0 X 338671 393209 426433 946264 550478 2655055 338671 393209 426433 946264 550478 2655055 2655055 379418 381511 409601 386990 497277 2054797 4709852 0.56370 0.58230 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 109069 3129596 0 0 0 3527865 61647 694377 143223 23042 4117624 3821054 60458 -189473 140883 23291 3527865 3502232 31616 443049 133652 22191 3821054 3397601 10972 230966 115555 21752 3502232 3209768 263285 53852 21600 3397601 0 0 411472 411472 157771 91994 65777 477249 MUTUAL FUNDS 7908214 F UNITRUST ASSETS 202439 F 8110653 ANNUITY OBLIGATION 135546 DEPOSITS 2600 138146 X 2500746 993043 333682 10800 1337525 1163221 0 1163221 998899 330065 330065 668834 0 668834 Part V, Line 4: INCOME FROM THE EVANS SCHOLARSHIP ENDOWMENT FUND IS TO AWARD SCHOLARSHIPS TO STUDENTS WHO ARE PURSUING NURSING DEGREES FROM OREGON HEALTH & SCIENCE UNIVERSITY AT THE ASHLAND CAMPUS OR ROGUE COMMUNITY COLLEGE. INCOME FROM THE NIXON ENDOWMENT FUND IS GIFTED ANNUALLY TO THE FOUNDATION'S LIGHTS FOR LIFE CAMPAIGN. Part X, Line 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT ON NET INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES GENERATED FROM THE RENTAL OF CERTAIN DEBT-FINANCED PROPERTY. AT DECEMBER 31, 2019, THE ACTIVITY REPORTED OPERATING INCOME OF $0 WHICH DID NOT ADD OR SUBTRACT FROM OPERATING LOSS CARRYFORWARDS. THE UNUSED NET OPERATING LOSS CARRYFORWARDS MAY BE APPLIED AGAINST FUTURE TAXABLE INCOME. THE DEFERRED TAX ASSET HAS NOT BEEN RECORDED IN THE FINANCIAL STATEMENTS DUE TO THE UNDETERMINABLE TIMING OF EVENTS OF WHICH THE FOUNDATION WOULD BE ABLE TO UTILIZE THE CARRYFORWARDS. THE FOUNDATION'S FEDERAL EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURNS (FORM 990-T) FOR 2016, 2017, AND 2018 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR 3 YEARS AFTER THEY WERE FILED. MANAGEMENT BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN. Part XI, Line 2d - Other Adjustments: CHANGE IN SPLIT INTEREST AGREEMENT 10,800. 0 ASANTE ASHLAND COMMUNITY HOSPITAL 280 MAPLE STREET ASHLAND OR 97520 335832 FMV FUNDING PROVIDED TO ASSIST WITH: EQUIPMENT PURCHASES, GENERAL EDUCATION, AND ENHANCEMENTS TO PATIENT CARE. NURSING SCHOLARSHIPS AWARDED 32 109069 FMV X ACH ADMIN/OFFICE SPACE 1 300396 FMV X OTHER SERVICES/GIFTS 29 33286 COMPARABLE SALES 0 1 0 FORM 990, PART I LINE 1 - MISSION STATEMENT ASHLAND COMMUNITY HOSPITAL FOUNDATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES, INCLUDING, FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986 (AND SIMILAR PROVISIONS OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAW). THE FOUNDATION SHALL HAVE THE FOLLOWING POWERS: (1) TO ASSIST, ENCOURAGE, PROMOTE AND ADVANCE THE QUALITY OF CARE, TREATMENT AND REHABILITATION OF THE SICK, AFFLICTED, INFIRM AND INJURED PATIENTS OF ASANTE ASHLAND COMMUNITY HOSPITAL, ASHLAND, OREGON. (2) TO FURTHER THE CHARITABLE, SCIENTIFIC, EDUCATIONAL AND SERVICE ACTIVITIES OF ASANTE ASHLAND COMMUNITY HOSPITAL. (3) TO SUPPORT ASANTE ASHLAND COMMUNITY HOSPITAL, ITS OBJECTIVES AND PROJECTS BY APPROPRIATE REPRESENTATIONS TO THE PUBLIC WITH RESPECT TO THE HOSPITAL'S NEEDS, MISSION AND REQUIREMENTS AND TO SOLICIT FUNDS FOR ITS USE IN PROVIDING THE MEDICAL AND HOSPITAL FACILITIES NEEDED IN THE GENERAL COMMUNITY SERVED BY ASANTE ASHLAND COMMUNITY HOSPITAL. (4) TO ACCEPT DONATIONS, GRANTS, BEQUESTS AND DEVISES FROM ANY SOURCES, AND TO ACCEPT PROPERTY OF ALL KINDS APPROPRIATE TO FOUNDATION PURPOSES. (5) TO FACILITATE, ASSIST, ENCOURAGE, SUPPORT, PROMOTE AND ADVANCE THE PHYSICAL, MENTAL AND EMOTIONAL HEALTH OF PERSONS WITHIN THE GEOGRAPHIC AREA SERVED BY ASANTE ASHLAND COMMUNITY HOSPITAL THROUGH ANY LAWFUL ACTIVITIES, WHICH ARE AUTHORIZED UNDER THE LAWS APPLICABLE TO OREGON NONPROFIT CORPORATIONS WHICH ARE NOT PROHIBITED UNDER ARTICLE III OF THE ARTICLES OF INCORPORATION. (6) TO DO AND PERFORM SUCH OTHER ACTS AS MAY BE NECESSARY OR APPROPRIATE FOR CARRYING OUT THE FOREGOING PURPOSES OF THE CORPORATION AND IN CONNECTION THEREWITH TO ENGAGE IN ANY LAWFUL ACTIVITY AUTHORIZED BY THE OREGON NONPROFIT CORPORATION LAW AND NOT PROHIBITED BY THE ARTICLES OF INCORPORATION OR SECTION 2 OF THIS ARTICLE. FORM 990 PART III, LINE 4a - PROGRAM SERVICE ACCOMPLISHMENTS PROGRAM SERVICE ACCOMPLISHMENTS A. CARDIAC AND CANCER CARE - A BEQUEST FROM THE ELMER C. BIEGEL FAMILY FOUNDATION AND DONOR DESIGNATED GIFTS TO WOMEN'S HEALTH SUPPORTED THE PURCHASE OF A NEOPROBE, WHICH IS USED IN BREAST CANCER SURGERIES TO DETECT THE SENTINEL LYMPH NODE. BY FINDING AND REMOVING THIS NODE WE ARE ABLE TO CHECK FOR CANCER IN THE ENTIRE BUNDLE OF NODES FOUND UNDER THE ARM. $42,502 B. CHARITY CARE - THROUGH THE GENEROSITY OF ASANTE ASHLAND HOSPITALISTS AND OTHER DONOR DESIGNATED GIFTS, DONATIONS WERE USED TO SUPPORT PATIENTS IN NEED. $892 C. DIAGNOSTIC IMAGING - DONOR DESIGNED GIFTS FUNDED THE RECONFIGURATION OF THE DEXA SCAN ROOM IN IMAGING B TO IMPROVE STAFF WORKFLOW. DONATIONS ALSO SUPPORTED THE PURCHASE OF MAMMOGRAPHY PADS, WHICH IMPROVE THE PATIENT EXPERIENCE FOR WOMEN RECEIVING THIS TEST. THROUGH THE GENEROSITY OF RETIRED PHYSICIAN JOHN BARTON MD, AN EMPLOYEE WAS ABLE TO ATTEND THE RADIOLOGICAL SOCIETY OF NORTH AMERICAN (RSNA) ANNUAL MEETING. IN ADDITION, AN EMPLOYEE WAS ABLE TO RECEIVE CT TRAINING THROUGH THE AMERICAN REGISTRY OF RADIOLOGIC TECHNOLOGISTS. $8,886 D. EMPLOYEE ASSISTANCE FUND - DONOR DESIGNATED CONTRIBUTIONS WERE TRANSFERRED TO THE AACH EMPLOYEE ASSISTANCE FUND TO SUPPORT EMPLOYEES IN TIMES OF CRISIS AND FINANCIAL HARDSHIP. IN 2019 TWENTY-ONE ASHLAND EMPLOYEES RECEIVED ASSISTANCE. $16,000 E. EDUCATION & PROFESSIONAL DEVELOPMENT FUND - DONATIONS TO THE EDUCATION AND PROFESSIONAL DEVELOPMENT FUND ENABLED THREE EMPLOYEES TO RECEIVE SPECIALIZED CERTIFICATIONS: CERTIFIED AMBULATORY PERIANESTHESIA (CAPA), CERTIFIED HEALTHCARE ACCESS ASSOCIATE (CHAA), AND THE PHLEBOTOMY TECHNICIAN (PBT). $589 F. EMERGENCY SERVICES - DONOR DESIGNED GIFTS SUPPORTED THE PURCHASE OF SEVERAL PIECES OF EQUIPMENT FOR THE UNIT, INCLUDING: A WHEELCHAIR, PEDIATRIC THERMOMETERS, HEEL WARMER, UMBILICAL TAPE, NEWBORN LANCET, SPECULUM, COMMODES, CABINET WARMING GLASS, A CART, A DISIMPACTOR KIT, CHAIRS AND AN ENCLOSED TELEVISION FOR THE SECLUSION ROOM. AN ULTRASOUND TRAINING MODULE WAS ALSO PURCHASED TO SUPPORT EMPLOYEE SKILL BUILDING. $20,592 G. ENGINEERING - THROUGH THE GENEROSITY OF A DONOR DESIGNATED GIFT, FUNDS WERE USED TO SUPPORT HOSPITAL LANDSCAPING AND GROUNDS BEAUTIFICATION. $7,495 H. FAMILY BIRTH CENTER - GRANTS FROM THE CAREGIVER FUND WERE USED TO PURCHASE SIXTY NEW PATIENT GOWNS AND A LINEN HAMPER FOR THE UNIT. DONOR DESIGNATED GIFTS ALSO SUPPORTED THE PURCHASE OF TEN INFANT STETHOSCOPES, A REFRIGERATOR, EDUCATIONAL DVDS FOR PATIENTS, AND A TRAINING BOOK FOR STAFF. $3,015 I. HOLISTIC PATIENT CARE - DONOR DESIGNATED GIFTS SUPPORTED BOTH THE MASSAGE THERAPY PROGRAM AND THE HARPIST PROGRAM, WHICH ENHANCE PATIENT EXPERIENCE. $9,866 J. HOSPICE - DONOR DESIGNATED GIFTS HELPED PURCHASE SUPPLIES TO CREATE QUILTS FOR END OF LIFE PATIENTS IN THE EVANS FAMILY COMFORT CARE ROOM. $150 K. INNOVATION - DONOR DESIGNATED CONTRIBUTIONS WERE USED TO HOST AN INNOVATION SYMPOSIUM FOR AACH MANAGERS, ASANTE LEADERS AND COMMUNITY STAKEHOLDERS. FUNDS WERE ALSO UTILIZED TO ENGAGE A CONSULTANT TO HELP DEVELOP NEW PROJECTS. $25,226 L. INTENSIVE CARE UNIT - DONOR DESIGNATED GIFTS SUPPORTED TELEHEALTH SOFTWARE EXPENSES FOR 2018 AND 2019. ADDITIONAL GIFTS HELPED PURCHASE AN AED PLUS TO SUPPORT CARDIAC CARE AND INSTALL AN AIRPHONE SYSTEM AT THE ICU ENTRANCE. $34,292 M. INTERNAL MEDICINE CLINIC - DONOR DESIGNATED GIFT WAS USED TO SUPPORT THE INTERNAL MEDICINE CLINIC. $400 N. LAB - THROUGH THE GENEROSITY OF BOB HOLBROOK AND IN RECOGNITION OF EXCELLENT CARE, THE LAB BREAKROOM WAS CREATED. DONOR DESIGNATED GIFTS SUPPORTED THE PURCHASE OF A SLIDE STAINER USED TO AUTOMATE THE STAINING OF SLIDES FOR LAB TESTING. CONTRIBUTIONS TO THE CAREGIVER FUND HELPED PURCHASE TWO PHLEBOTOMY DRAW CHAIRS FOR THE OUTPATIENT LAB. $63,187 O. MEDICAL SURGICAL UNIT - THROUGH THE GENEROSITY OF BOB HOLBROOK AND IN RECOGNITION OF EXCELLENT CARE, THE MED/SURG BREAKROOM RECEIVED A FACELIFT. CONTRIBUTIONS TO THE CAREGIVER FUND SUPPORTED THE PURCHASE OF PATIENT MONITORING EQUIPMENT AND A GOLVO MOBILE LIFT TO HELP SAFELY TRANSFER PATIENTS WHO ARE IMMOBILE. DONOR DESIGNATED GIFTS ALSO HELPED PURCHASE WHEELCHAIRS, COMMODES AND BATH BENCHES FOR THE UNIT. $28,949 P. NURSING SCHOLARSHIPS - THE WILLIAM G. & RUTH T. EVANS ENDOWED NURSING SCHOLARSHIP SUPPORTED SCHOLARSHIPS FOR 32 STUDENTS ENROLLED IN NURSING PROGRAMS AT ROGUE COMMUNITY COLLEGE AND OREGON HEALTH & SCIENCE UNIVERSITY - ASHLAND CAMPUS. $109,069 Q. NUTRITIONAL SERVICES - DONOR DESIGNATED GIFTS WERE USED TO SUPPORT THE REPLACEMENT OF A WATER HEATER BOOSTER USED TO SANITIZE DISHES. $885 R. PHYSICAL THERAPY - DONOR DESIGNATED GIFTS HELPED PURCHASE 30 NEW GAIT BELTS TO SUPPORT PATIENT MOBILITY, AS WELL AS 27 COAT AND GARMENT HOOKS. $451 S. RESPIRATORY THERAPY - CONTRIBUTIONS TO THE CAREGIVER FUND PURCHASED FOUR WRIST PULSE OXIMETERS. THE MONITORS ARE COMPACT, EASIER TO USE, AND ARE CORD FREE, WHICH REDUCES TRIPPING HAZARDS AND INCREASES PATIENT SAFETY. $2,720 T. RODDEN EDUCATION FUND - A SCHOLARSHIP THROUGH WILLIAM RODDEN, MD SCHOLARSHIP FUND ENABLED AN EMPLOYEE TO ATTEND THE AMERICAN ACADEMY OF OPHTHALMOLOGY ANNUAL CONFERENCE. $1,536 U. SCHOOL NURSE PROGRAM - DONOR DESIGNATED GIFTS AND GRANTS FROM THE REED AND CAROLEE WALKER FUND OF THE OREGON COMMUNITY FOUNDATION, THE SHARKEY FOUNDATION, ASHLAND FOOD COOPERATIVE AND SHOP'N KART SUPPORTED NURSING SERVICES FOR CHILDREN IN K-12 SCHOOLS IN ASHLAND, PHOENIX, AND TALENT. $41,810 V. SMALL HOSPITAL IMPROVEMENT PROGRAM - A GRANT FROM THE OREGON HEALTH AND SCIENCE UNIVERSITY SMALL HOSPITAL IMPROVEMENT PROGRAM (SHIP) AND DONOR DESIGNATED GIFTS TO THE HOSPITAL'S GREATEST NEEDS FUND ENABLED FOUR ASANTE ASHLAND MANAGERS TO ATTEND THE FOUNDATIONS IN LEAN TRAINING AT VIRGINIA MASON INSTITUTE IN SEATTLE WASHINGTON. IN ADDITION, A SECOND SHIP GRANT SUPPORTED WORK WITH CONSULTANTS FROM ENGAGE HEALTHY FOR PATIENT EXPERIENCE IMPROVEMENTS. $25,283 W. SURGICAL SERVICES/ENDOSCOPY - DONOR DESIGNATED CONTRIBUTIONS ALSO SUPPORTED THE PURCHASE OF TWO WHEELCHAIRS AND THE INFRASTRUCTURE IMPROVEMENTS IN THE PRE-OP OFFICE. $1,105 Form 990, Part VI, Section A, line 6 FOUNDATION BOARD MEMBERS SERVE AS VOTING MEMBERS WITH AUTHORITY AND RESPONSIBILITY TO DEVELOP POLICIES, PROCEDURES, AND REGULATIONS NECESSARY TO OPERATE THE FOUNDATION, PARTICIPATE IN FUNDRAISING THROUGH PERSONAL CONTRIBUTIONS, AND PARTICPATE IN THE VARIOUS CAMPAIGNS NECESSARY TO FINANCE THE ONGOING OPERATION OF THE FOUNDATION AND ITS WORK WITH THE HOSPITAL. BOARD MEMBERS SERVE A THREE YEAR TERM (UNLESS ELECTED TO FILL AN UNEXPIRED TERM). Form 990, Part VI, Section A, line 7a THE OFFICERS SHALL BE ELECTED BY, AND SHALL SERVE AT THE PLEASURE OF, THE BOARD, AND SHALL HOLD THEIR RESPECTIVE OFFICES UNTIL THEIR RESIGNATION, REMOVAL, OR OTHER DISQUALIFICATION FROM SERVICE, OR UNTIL THEIR RESPECTIVE SUCCESSORS SHALL BE ELECTED. THE PRESIDENT SHALL BE ELECTED FOR A TWO-YEAR TERM OF OFFICE. VICE-PRESIDENT, SECRETARY AND TREASURER SHALL BE ELECTED ANNUALLY. Form 990, Part VI, Section A, line 7b FOUNDATION BOARD MEMBERS ARE EXPECTED TO ATTEND MONTHLY BOARD MEETINGS, STANDING COMMITTEES (AS ASSIGNED), AD HOC COMMITTEE MEETINGS (AS APPOINTED) AND SPECIAL EVENTS (AS ANNOUNCED). CONTINUITY OF ATTENDANCE AND PARTICIPATION AS A POLICY MAKER AND PLANNER IS IMPERATIVE FOR SERVING AS A VOTING MEMBER. Form 990, Part VI, Section B, line 11b THE ACH FOUNDATION HAS A STANDING ASSET MANAGEMENT COMMITTEE THAT MEETS QUARTERLY TO REVIEW FINANCIAL STATEMENTS, INCLUDING EXPENSES, INCOME, GRANTS, CASH DISBURSEMENTS, BALANCE SHEET, PROFIT AND LOSS, AND ANY AUDIT LETTERS. IN ADDITION, TIME IS ALLOCATED AT EACH QUARTERLY BOARD MEETING TO REVIEW FINANCIAL STATEMENTS AND THE ANNUAL AUDIT IS PRESENTED TO THE FULL FOUNDATION BOARD UPON ITS COMPLETION. BOTH THE ASSET MANAGEMENT COMMITTEE AND THE BOARD MONITOR THE FINANCIAL RESOURCES TO ENSURE THAT FUNDS ARE APPROPRIATELY ACCOUNTED FOR. THE FOUNDATION BOARD TREASURER REVIEWS THE FINANCIAL STATEMENTS ON A MONTHLY BASIS. FINANCIAL STATEMENTS: 1. THE ACH FOUNDATION IS NOT REQUIRED BY LAW TO UNDERGO AN AUDIT BY AN INDEPENDENT AUDITOR. 2. THE ACH FOUNDATION HAS NOT RECEIVED FEDERAL FUNDS THAT REQUIRES ONE OR MORE AUDITS. 3. THE ACH FOUNDATION BOARD HAS AN ESTABLISHED ASSET MANAGEMENT COMMITTEE WHICH MAKES RECOMMENDATIONS ON THE SELECTION OF THE INDEPENDENT AUDITOR TO THE FOUNDATION BOARD. IN ADDITION, THEY OVERSEE THE INDEPENDENT AUDITOR. 4. THE ACH FOUNDATION CURRENTLY HAS FINANCIAL STATEMENTS COMPILED BY AN INDEPENDENT ACCOUNTANT AND AUDITED ANNUALLY BY A QUALIFIED THIRD-PARTY. Form 990, Part VI, Section B, line 12c ALL BOARD MEMBERS ARE EXPECTED TO ACCEPT AND ADHERE TO POLICIES AND HOLD FELLOW BOARD MEMBERS AND STAFF TO THE SAME STANDARDS. MONITORING OF SUCH IS ONGOING. Form 990, Part VI, Section C, line 18 THE FOUNDATION'S DOCUMENTS AVAILABLE FOR PUBLIC INSPECTION MAY BE REQUESTED FOR VIEWING BY CONTACTING THE FOUNDATION'S OFFICE. Form 990, Part VI, Section C, line 19 THE FOUNDATION'S FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST AND BY VISITING THE WEBSITE WWW.ACHFOUNDATION.ORG Form 990, Part XI, line 9: CHANGE IN MARKET VALUE OF TRUST ASSETS 10,800. IN-KIND EXPENSES -330,065. FINANCIAL STATEMENT AND AUDIT OVERSIGHT THE OVERSIGHT OR SELECTION PROCESS HAS NOT CHANGED DURING THE YEAR.