2014-10-01T15:46:47-05:00 2013-12-31 204749363 ISLER MEDFORD LLC 839 ALDER CREEK DR MEDFORD OR 97504 990 2013-01-01 930691238 ASHLAND COMMUNITY HOSPITAL FOUNDATION ASHL 5412014014 280 MAPLE STREET ASHLAND OR 97520 ED COLSON TREASURER 5412014014 2014-10-01 1 CAROLYN M RYDER P00033827 5417797641 2013 2015-11-30 17:44:51Z JANET TROY 280 MAPLE STREET ASHLAND OR 97520 3408615 0 X WWW.ACHFOUNDATION.ORG X 1977 OR 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 15 15 0 0 165473 0 257954 2635877 319602 192366 73793 218254 178655 165614 830004 3212111 332784 2146307 0 0 0 0 0 0 0 412234 387210 745018 2533517 84986 678594 5201898 5655711 1705961 1194693 3495937 4461018 X OUR MISSION IS TO SOLICIT, STEWARD AND GRANT FUNDS TO SUPPORT ASANTE ASHLAND COMMUNITY HOSPITAL. 0 0 2193946 2146307 137847 SEE SCHEDULE O 129008 139618 TO IMPROVE PATIENT CARE, ASHLAND COMMUNITY HOSPITAL FOUNDATION CONSTRUCTED A TWO-STORY MEDICAL OFFICE BUILDING IN ASHLAND, OREGON IN 1999. THIS ENABLED THE FOUNDATION TO LOCATE A VARIETY OF ASHLAND'S FINEST MEDICAL SPECIALISTS IN ONE LOCATION, CLOSE TO ASHLAND COMMUNITY HOSPITAL. THIS PROJECT HAS IMPROVED PATIENT ACCESS TO CARE AND INCREASED PATIENT CONVENIENCE BY HAVING A VARIETY OF SPECIALISTS IN ONE LOCATION. 20952 38357 TO ENSURE ADEQUATE OFFICE SPACE FOR PHYSICIANS, THE FOUNDATION ACQUIRED A MEDICAL OFFICE BUILDING TO MEET THE INTERNAL MEDICINE DEMANDS OF OUR AGING COMMUNITY. MEDICAL OFFICE SPACE IN THE BUILDING IS RENTED TO ASHLAND COMMUNITY HOSPITAL'S CENTER FOR FAMILY MEDICINE. IN AUGUST OF 2013 THE BUILDING WAS DONATED TO ASANTE ASHLAND COMMUNITY HOSPITAL AS PART OF THE MERGER WITH ASANTE. 2343906 1 1 0 0 0 1 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 15 15 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 ELIZABETH A MURPHY DIRECTOR 2.00 X 0 0 0 PAT ACKLIN DIRECTOR 2.00 X 0 0 0 SIDNEY FIELD DIRECTOR 2.00 X 0 0 0 BRIAN ALMQUIST DIRECTOR 2.00 X 0 0 0 DIANE WILLIAMS DIRECTOR 2.00 X 0 0 0 BRANDT CULLEN DIRECTOR 2.00 X 0 0 0 JACK DAVIS DIRECTOR 2.00 X 0 0 0 MARJORIE LININGER DIRECTOR 2.00 X 0 0 0 GARRISON TURNER DIRECTOR 2.00 X 0 0 0 JULIE AUSTAD SECRETARY 2.00 X 0 0 0 SANDRA SLATTERY PRESIDENT 2.00 X 0 0 0 ED COLSON TREASURER 2.00 X 0 0 0 0 0 0 0 0 0 0 0 2635877 2635877 RENT OF MED FACILITIES 531390 192366 192366 192366 94939 94939 171287 5814 165473 165473 165473 24005 290000 0 190690 24005 99310 123315 123315 MISCELLANEOUS INCOME 561000 141 141 141 3212111 315822 165473 94939 2146307 2146307 20920 20920 29155 29155 16692 16692 3475 3475 77 77 9517 9517 48248 48248 72015 72015 OTHER OPERATING EXPENSE 109775 109775 OTHER RENTAL EXPENSE 77336 77336 2533517 2343906 189611 0 25893 25783 314160 177765 15484 12632 170000 0 16845 12111 2405441 642938 3583744 1762503 1043054 3645823 32718 19094 5201898 5655711 26633 14601 688 1367432 1044736 311896 134668 1705961 1194693 X 2391175 1000942 391229 539515 713533 2920561 3495937 4461018 5201898 5655711 X 678594 103843 182644 X X 0 1 X 1 0 X 254930 288247 356672 257954 2635877 3793680 254930 288247 356672 257954 2635877 3793680 3793680 577919 675727 552331 571982 541244 2919203 -79305 -1701 7056 10708 1473 -61769 6651114 27683 0.57040 0.36190 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 16167 2158584 0 0 713533 2078698 102587 16167 25188 13817 2839646 695384 50 48141 12000 12822 5220 713533 675700 44426 2609 10667 12025 4659 695384 632530 43300 18200 18330 675700 630230 2300 632530 0 0 751472 751472 1630681 620308 1010373 23288 22630 658 1762503 MUTUAL FUNDS 3468701 F UNITRUST ASSETS 177122 F 3645823 ANNUITY OBLIGATION 132068 DEPOSITS 2600 134668 X 3839952 103843 253029 265155 622027 3217925 -5814 -5814 3212111 2874871 335540 5814 341354 2533517 0 2533517 Part V, Line 4: INCOME FROM EVANS SCHOLARSHIP ENDOWMENT FUND IS TO AWARD SCHOLARSHIPS TO STUDENTS WHO ARE PURSUING NURSING DEGREES FROM OREGON HEALTH SCIENCES UNIVERSITY AT SOUTHERN OREGON UNIVERSITY 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, 2013, THE ACTIVITY REPORTED OPERATING INCOME OF $280 THAT WAS APPLIED AGAINST 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 2010, 2011, AND 2012 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 1,803. RENT RELIEF GRANTED TO ASANTE ASHLAND COMMUNITY HOSPITAL 82,511. GAIN ON DONATION OF REAL ESTATE 180,841. Part XI, Line 4b - Other Adjustments: RENTAL EXPENSES -5,814. Part XII, Line 2d - Other Adjustments: RENTAL EXPENSES 5,814. ROUNDING 0 ASANTE ASHLAND COMMUNITY HOSPITAL PO BOX 98 ASHLAND OR 97520 468014 1678293 FMV GIFTS, GIFT CERTIFICATES, REAL ESTATE FUNDING PROVIDED TO ASSIST WITH THE FOLLOWING PROGRAMS: PURCHASE ENDOSCOPY EQUIPMENT, HOSPICE AND PALLIATIVE CARE SERVICES, CARDIAC MONITOR FOR THE MEDICAL/SURGICAL DEPARTMENT, EMERGENCY SERVICES DEPARTMENT, AUXILIARY, FAMILY PRACTICE, INTERNAL MEDICINE, BIRTHING CENTER, EMPLOYEE ASSISTANCE & EDUCATION, PATIENT ASSISTANCE, PHYSICAL THERAPY, DIAGNOSTIC IMAGING SERVICES, WOMEN'S HEALTH, AND GREATEST NEEDS OF AACH. FUNDING ALSO PROVIDED FOR THE SCHOOL NURSE PROGRAM FOR THE ELEMENTARY AND MIDDLE SCHOOLS IN THE ASHLAND AND PHOENIX-TALENT SCHOOL DISTRICTS. 1 NURSING SCHOLARSHIPS AWARDED 11 16167 FMV X ACH ADMIN/OFF 1 227344 FMV X OTHER SERVICE 20 25685 COMPARABLE SALES 0 1 0 Form 990, Part I, Line 1 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 A. CONTRIBUTIONS FROM THE FOUNDATION'S PATRONS CAMPAIGN AND LIGHTS FOR LIFE CAMPAIGN HELPED PURCHASE NEW ENDOSCOPY EQUIPMENT FOR SURGICAL SERVICES. $138,241 B. THE FOUNDATION CONTRIBUTED TO THE HOSPITAL'S HOSPICE AND PALLIATIVE CARE SERVICES, WHICH PROVIDES END-OF-LIFE CARE THAT INCLUDES THE PHYSICAL, SPIRITUAL AND PSYCHOLOGICAL NEEDS OF PATIENTS AND FAMILIES. SOUTHERN OREGON FRIENDS OF HOSPICE PROVIDED GRANT FUNDING FOR HOSPICE PATIENT SPECIAL NEEDS AND STAFF TRAINING. THANKS TO TWO BEQUESTS THE HOSPICE AND HOME HEALTH PROGRAM OFFICE WAS ABLE TO MOVE INTO ITS NEW HOME IN TALENT. $168,726 C. THE FOUNDATION PROVIDED FUNDING FOR THE GREATEST NEEDS OF ASANTE ASHLAND COMMUNITY HOSPITAL. $64,259 D. THE FOUNDATION PROVIDED FUNDING FOR THE SCHOOL NURSE PROGRAM FOR THE ELEMENTARY AND MIDDLE SCHOOLS IN THE ASHLAND AND PHOENIX-TALENT SCHOOL DISTRICTS. THE FUNDING WAS MADE POSSIBLE THROUGH THE REED AND CAROLEE WALKER FUND OF THE OREGON COMMUNITY FOUNDATION. $30,000 E. THROUGH THE FOUNDATION'S ANNUAL EMPLOYEE CAMPAIGN, PROVIDED FINANCIAL SUPPORT THROUGH THE EMPLOYEE ASSISTANCE FUND TO EMPLOYEES DURING TIMES OF CRISIS. $22,191 F. THROUGH THE GENEROSITY OF DR. WILLIAM AND MRS. RUTH EVANS, ASHLAND COMMUNITY HOSPITAL FOUNDATION PROVIDES SCHOLARSHIPS EACH YEAR TO FUTURE ROGUE VALLEY NURSES. SCHOLARSHIPS ARE AWARDED TO STUDENTS ENROLLED IN THE NURSING PROGRAM OF OREGON HEALTH SCIENCE UNIVERSITY AT SOUTHERN OREGON UNIVERSITY AND ROGUE COMMUNITY COLLEGE. FOR THE 2013 CALENDAR YEAR, THE FOUNDATION PROVIDED SCHOLARSHIPS TO 11 STUDENTS. $18,500 G. AN ESTATE GIFT THROUGH THE ELMER C. BIEGEL FAMILY MEMORIAL FOUNDATION, WHICH PROVIDES SUPPORT FOR CARDIAC AND CANCER SERVICES WAS USED TO PURCHASE A NEW CARDIAC MONITOR FOR THE MEDICAL/SURGICAL DEPARTMENT. $14,197 H. DONOR DESIGNATED GIFTS TO THE FOUNDATION CONTRIBUTED TO THE EMERGENCY SERVICES DEPARTMENT AT ASANTE ASHLAND COMMUNITY HOSPITAL, WHICH PROVIDES EMERGENCY CARE TO INDIVIDUALS DURING TIMES OF NEED. IN ADDITION, NEW EQUIPMENT WAS PURCHASED FOR THE DEPARTMENT THROUGH THE FOUNDATION'S ANNUAL EMPLOYEE CAMPAIGN. $14,144 I. THE FOUNDATION PROVIDED FUNDING FOR ISO TRAINING FOR STAFF. THE FUNDING WAS MADE POSSIBLE THROUGH THE SMALL RURAL HOSPITAL IMPROVEMENT GRANT PROGRAM. $8,884 J. THROUGH THE GENEROSITY OF WILLIAM S. RODDEN, MD, PROVIDED A SCHOLARSHIP TO ONE AACH STAFF TO ATTEND THE 2013 ACADEMY OF OPHTHALMOLOGY. $3,337 K. THE FOUNDATION PROVIDED FUNDING TO SUPPORT THE DIAGNOSTIC IMAGING SERVICES. IN ADDITION, A GRANT FROM THE SOROPTIMIST INTERNATIONAL WINE WALK FOR WOMEN'S HEALTH CREATED AN OPPORTUNITY FOR THREE CARDIAC CT AND CAROTID ARTERY ULTRASOUND SCANS FOR WOMEN. $1,450 L. ASSISTED PATIENTS UNABLE TO PAY FOR THEIR TREATMENTS THROUGH CONTRIBUTIONS AND ENDOWMENT EARNINGS. $936 M. THE FOUNDATION PROVIDED A NUMBER OF SMALL GRANTS TO SUPPORT ASHLAND COMMUNITY HOSPITAL INCLUDING FUNDING FOR THE AUXILARY, THE ASHLAND AND TALENT FAMILY PRACTICE CLINICS, THE ASHLAND INTERNAL MEDICINE CLINIC, THE FAMILY BIRTH CENTER, THE LABORATORY, PHYSICAL THERAPY, AND SURGERY. THROUGH A DONOR DESIGNATED GIFT THE FOUNDATION CONTRIBUTED TOWARDS SUPPLIES FOR A GUATEMALA MISSION. $1,649 N. THROUGH EFFORTS OF ASHLAND COMMUNITY 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. $8,393 O. THROUGH EFFORTS OF ASHLAND COMMUNITY HOSPITAL FOUNDATION, THE COMMUNITY OF TALENT, OREGON CONTINUES TO RECEIVE QUALITY HEALTHCARE. IN 1994, THE FOUNDATION CONSTRUCTED A MEDICAL OFFICE BUILDING. MEDICAL OFFICE SPACE IN THE BUILDING WAS RENTED TO ASHLAND COMMUNITY HOSPITAL'S CENTER FOR FAMILY MEDICINE, AND IN AUGUST 2013 THE BUILDING WAS DONATED TO ASANTE ASHLAND COMMUNITY HOSPITAL AS PART OF THE MERGER WITH ASANTE. $9,279 P. TO PROVIDE ADEQUATE FAMILY PRACTICE CARE IN THE COMMUNITY, IN 1999 ASHLAND COMMUNITY HOSPITAL FOUNDATION CONVERTED A SINGLE-FAMILY RESIDENCE INTO A THREE-PERSON MEDICAL OFFICE BUILDING LOCATED DIRECTLY ACROSS THE STREET FROM THE HOSPITAL. IN 2013 THE FOUNDATION SOLD THE BUILDING TO A PRIMARY CARE PROVIDER $21,514 Q. TO IMPROVE PATIENT CARE, ASHLAND COMMUNITY HOSPITAL FOUNDATION CONSTRUCTED A TWO-STORY MEDICAL OFFICE BUILDING IN ASHLAND, OREGON IN 1999. THIS ENABLED THE FOUNDATION TO LOCATE A VARIETY OF ASHLAND'S FINEST MEDICAL SPECIALISTS IN ONE LOCATION, CLOSE TO ASHLAND COMMUNITY HOSPITAL. THIS PROJECT HAS IMPROVED PATIENT ACCESS TO CARE AND INCREASED PATIENT CONVENIENCE BY HAVING A VARIETY OF SPECIALISTS IN ONE LOCATION. $147,581 R. TO ENSURE ADEQUATE OFFICE SPACE FOR PHYSICIANS, THE FOUNDATION ACQUIRED A MEDICAL OFFICE BUILDING TO MEET THE INTERNAL MEDICINE DEMANDS OF OUR AGING COMMUNITY. MEDICAL OFFICE SPACE IN THE BUILDING IS RENTED TO ASHLAND COMMUNITY HOSPITAL'S CENTER FOR FAMILY MEDICINE. IN AUGUST OF 2013 THE BUILDING WAS DONATED TO ASANTE ASHLAND COMMUNITY HOSPITAL AS PART OF THE MERGER WITH ASANTE. $20,952 S. IN AUGUST OF 2013, ASHLAND COMMUNITY HOSPITAL FOUNDATION DONATED UNDEVELOPED LAND AND A RESIDENTIAL HOME TO ASANTE ASHLAND COMMUNITY HOSPITAL, AS PART OF THE MERGER WITH ASANTE. THESE ASSETS WILL PROVIDE PARKING AND STORAGE SPACE FOR HOSPITAL USE. $1,867 T. TO ENSURE ADEQUATE OFFICE SPACE FOR ASHLAND COMMUNITY HOSPITAL, THE FOUNDATION RENTED OFFICE SPACE TO THE ASHLAND COMMUNITY HOSPITAL HOSPICE AND HOME HEALTH PROGRAM. IN 2013 THE BUILDING WAS DONATED TO ASANTE ASHLAND COMMUNITY HOSPITAL AS PART OF THE MERGER WITH ASANTE. $6,649 TOTAL PROGRAM SERVICE EXPENSES $696,100 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 11 THE ACH FOUNDATION HAS A STANDING ASSET MANAGEMENT COMMITTEE THAT MEETS MONTHLY 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 MONTHLY 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. 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 1,803. GAIN ON DONATION OF REAL ESTATE 180,841. FINANCIAL STATEMENT AND AUDIT OVERSIGHT THE OVERSIGHT OR SELECTION PROCESS HAS NOT CHANGED DURING THE YEAR.