2013-08-30T15:42:32-05:00 2012-12-31 204749363 ISLER MEDFORD LLC 839 ALDER CREEK DR MEDFORD OR 97504 990 2012-01-01 930691238 ASHLAND COMMUNITY HOSPITAL FOUNDATION ASHL 5412014014 280 MAPLE STREET ASHLAND OR 97520 ED COLSON 5412014014 2013-08-27 1 CAROLYN M RYDER P00033827 5417797641 2012 2016-02-24 21:20:13Z JANET TROY 280 MAPLE STREET ASHLAND OR 97520 846094 0 X WWW.ACHFOUNDATION.ORG X 1977 OR OUR MISSION IS TO SOLICIT, STEWARD AND GRANT FUNDS TO SUPPORT ASHLAND COMMUNITY HOSPITAL.VISION INSPIRING PHILANTHROPY TO ENHANCE ASHLAND COMMUNITY HOSPITAL SERVICES.VALUES WE ACHIEVE OUR VISION AND LIVE OUR MISSION BY VALUING:*PASSION FOR 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 ASHLAND COMMUNITY HOSPITAL, ASANTE AND COMMUNITY MEMBERS;*ADVOCACY TO RAISE THE PROFILE OF ASHLAND COMMUNITY HOSPITAL AS AN HONORED INSTITUTION IN THE COMMUNITY; *INDEPENDENCE FOR ASHLAND COMMUNITY HOSPITAL FOUNDATION 17 17 0 0 178510 0 356672 257954 289810 319602 94097 73793 175845 178655 916424 830004 433979 332784 0 0 0 0 0 0 0 431901 412234 865880 745018 50544 84986 5704140 5201898 2316375 1705961 3387765 3495937 X OUR MISSION IS TO SOLICIT, STEWARD AND GRANT FUNDS TO SUPPORT ASHLAND COMMUNITY HOSPITAL. 0 0 394176 332784 127028 SEE SCHEDULE O 148485 144239 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. 68944 64638 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. THIS ACQUISITION HAS HELPED ENSURE QUALITY CARE FOR ASHLAND FAMILIES. 611605 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 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 9 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 17 17 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 & COMPANY LLP 5414823711 1101 SISKIYOU BLVD ASHLAND OR 97520 X PAT ACKLIN 2.00 X 0 0 0 JOHN ALEXANDER 2.00 X 0 0 0 BRIAN ALMQUIST 2.00 X 0 0 0 CHARLES BUTLER 2.00 X 0 0 0 BRANDT CULLEN 2.00 X 0 0 0 JACK DAVIS 2.00 X 0 0 0 JONATHON ELDRIDGE 2.00 X 0 0 0 THOMAS B KENNEDY 2.00 X 0 0 0 MARJORIE LININGER 2.00 X 0 0 0 PAUL ROSTYKUS 2.00 X 0 0 0 BART RUPERT 2.00 X 0 0 0 SANDRA SLATTERY 2.00 X 0 0 0 GARRISON TURNER 2.00 X 0 0 0 ALAN STEED 2.00 X 0 0 0 TOM GRIMLAND 2.00 X 0 0 0 ELIZABETH A MURPHY 2.00 X 0 0 0 ED COLSON 2.00 X 0 0 0 0 0 0 0 0 0 0 0 257954 257954 RENT OF MED FACILITIES 531390 319602 319602 319602 57635 57635 194600 16090 178510 178510 178510 16158 0 16158 16158 16158 MISCELLANEOUS INCOME 561000 145 145 145 830004 335905 178510 57635 332784 332784 7787 7787 26605 26605 11839 11839 2200 2200 162 162 9599 9599 120992 120992 83044 83044 OTHER OPERATING EXPENSE 75221 75221 OTHER RENTAL EXPENSE 74785 74785 745018 611605 133413 0 14420 25893 274527 314160 26934 15484 170000 170000 16335 16845 4806952 1223208 3674339 3583744 1501060 1043054 26525 32718 5704140 5201898 3669 26633 3265 10298 1985730 1367432 313413 311896 2316375 1705961 X 2248373 2391175 444008 391229 695384 713533 3387765 3495937 5704140 5201898 X 84986 20682 2504 X X 0 1 X 1 0 X 479713 254930 288247 356672 257954 1637516 479713 254930 288247 356672 257954 1637516 1637516 627603 577919 675727 552331 571982 3005562 -55509 -79305 -1701 7056 10708 -118751 4524327 47063 0.36190 0.38230 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 12000 334313 0 0 695384 50 48141 12000 12822 5220 713533 675700 44426 2609 10667 12025 4659 695384 632530 43300 18200 18330 675700 630230 2300 632530 504930 125300 630230 0.09140 0.90860 0 0 1503172 1503172 3280492 1200871 2079621 23288 22337 951 3583744 MUTUAL FUNDS 863156 F UNITRUST ASSETS 179898 F 1043054 ANNUITY OBLIGATION 136646 DEPOSITS 5250 INTERFUND LOAN PAYABLE 170000 311896 X 1121492 20682 252213 2503 275398 846094 -16090 -16090 830004 1013320 252213 16089 268302 745018 0 745018 Description of Intended Use of Endowment Funds: 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. Description of Uncertain Tax Positions Under FIN 48: 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, 2012, THE ACTIVITY REPORTED OPERATING INCOME OF $4,237 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 2009, 2010, AND 2011 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 2,503. Part XI, Line 4b - Other Adjustments: RENTAL EXPENSES -16,090. Part XII, Line 2d - Other Adjustments: RENTAL EXPENSES 16,090. ROUNDING -1. 0 ASHLAND COMMUNITY HOSPITAL PO BOX 98 ASHLAND OR 97520 305266 15518 FMV GIFTS, GIFT CERTIFICATES, BABY PRODUCTS FUNDING PROVIDED TO ASSIST WITH THE FOLLOWING PROGRAMS: EMERGENCY DEPARTMENT RENOVATION, HOSPICE AND PALLIATIVE CARE SERVICES, CARDIAC MONITOR & VIDEO LARYNGOSCOPE FOR THE EMERGENCY DEPARTMENT, DIAGNOSTIC IMAGING, BIRTHING CENTER, EMPLOYEE ASSISTANCE & EDUCATION, PLANETREE INITIATIVES AND HOME HEALTH, PATIENT ASSISTANCE, PHYSICAL THERAPY, WOMEN'S HEALTH, AND GREATEST NEEDS OF ACH INCLUDING THE GIFT SHOP REMODEL. FUNDING ALSO PROVIDED FOR THE SCHOOL NURSE PROGRAM FOR THE ELEMENTARY SCHOOLS IN THE ASHLAND AND PHOENIX-TALENT SCHOOL DISTRICTS. 1 NURSING SCHOLARSHIPS AWARDED 12 12000 FMV X OTHER SERVICES/GIFTS 15 30937 COMPARABLE SALES X ACH ADMIN/OFFICE SPACE 1 221276 FMV 0 1 0 Organization Mission Statement 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 ASHLAND COMMUNITY HOSPITAL, ASHLAND, OREGON. (2) TO FURTHER THE CHARITABLE, SCIENTIFIC, EDUCATIONAL AND SERVICE ACTIVITIES OF ASHLAND COMMUNITY HOSPITAL. (3) TO SUPPORT 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 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 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. Program Service Statement Form 990, Part III, Line 4a PROGRAM SERVICE ACCOMPLISHMENTS A. CONTRIBUTIONS FROM THE FOUNDATION'S PATRONS CAMPAIGN AND LIGHTS FOR LIFE CAMPAIGN HELPED RENOVATE THE EMERGENCY DEPARTMENT. $178,470 B. THE FOUNDATION PROVIDED FUNDING FOR THE SCHOOL NURSE PROGRAM FOR THE ELEMENTARY 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 AND THE COMMUNITY MEDICATION ASSISTANCE PROGRAM. $31,600 C. 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. ALSO PROVIDED FUNDING FOR HOSPICE PATIENT SPECIAL NEEDS AND STAFF TRAINING THROUGH A GRANT FROM THE SOUTHERN OREGON FRIENDS OF HOSPICE. $30,139 D. THE FOUNDATION PROVIDED FUNDS TO PURCHASE A NEW CARDIAC MONITOR AND VIDEO LARYNGOSCOPE FOR THE EMERGENCY DEPARTMENT THROUGH THE LIGHTS FOR LIFE CAMPAIGN AND THE ELMER C. BIEGEL FAMILY FOUNDATION. $29,935 E. THE FOUNDATION PROVIDED FUNDING FOR THE GREATEST NEEDS OF ACH, WHICH INCLUDED A REMODEL OF THE GIFT SHOP MADE POSSIBLE BY A GRANT FROM THE ASHLAND COMMUNITY HOSPITAL AUXILIARY. $22,901 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 2012 CALENDAR YEAR, THE FOUNDATION PROVIDED SCHOLARSHIPS TO 12 STUDENTS. $12,000 G. THROUGH THE FOUNDATION'S ANNUAL EMPLOYEE CAMPAIGN, PROVIDED FINANCIAL SUPPORT TO EMPLOYEES DURING TIMES OF CRISIS THROUGH EMPLOYEE PAYROLL DEDUCTIONS AND OUTRIGHT GIFTS. $8,840 H. THE FOUNDATION PROVIDED FUNDING FOR SIMULATION TRAINING FOR NURSES. THE FUNDING WAS MADE POSSIBLE THROUGH THE SMALL RURAL HOSPITAL IMPROVEMENT GRANT PROGRAM. $8,407 I. ASSISTED PATIENTS UNABLE TO PAY FOR THEIR TREATMENTS THROUGH CONTRIBUTIONS AND ENDOWMENT EARNINGS. $3,954 J. THROUGH THE GENEROSITY OF WILLIAM S. RODDEN, MD, PROVIDED RODDEN SCHOLARSHIPS TO TWO ACH STAFF TO ATTEND THE 2012 ACADEMY OF OPHTHALMOLOGY. $2,778 K. THE FOUNDATION PROVIDED FUNDING TO RELOCATE THE DIAGNOSTIC IMAGING CENTER AND THROUGH A GRANT FROM THE SOROPTIMIST INTERNATIONAL WINE WALK FOR WOMEN'S HEALTH WAS ABLE TO PROVIDE MAMMOGRAMS TO LOW INCOME WOMEN. $2,500 L. THE FOUNDATION PROVIDED A NUMBER OF SMALL GRANTS TO SUPPORT ASHLAND COMMUNITY HOSPITAL INCLUDING FUNDING FOR THE AUXILIARY, THE LABORATORY, THE FAMILY PRACTICE CLINICS, SURGERY, PHYSICAL THERAPY, AND PATIENT-CENTERED CARE INITIATIVES OF PLANETREE INCLUDING THE PURCHASE OF AN iPAD TO HELP MONITOR HAND-HYGIENE. $1,110 M. PROVIDED FUNDING FOR PLANS TO RENOVATE THE ASHLAND COMMUNITY HOSPITAL BIRTH CENTER. $150 N. THROUGH THE CONTINUING 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 AND PHARMACY IN THAT COMMUNITY. MEDICAL OFFICE SPACE IN THE BUILDING IS RENTED TO ASHLAND COMMUNITY HOSPITAL'S CENTER FOR FAMILY MEDICINE. BOTH OF THESE PROJECTS HELPED GUARANTEE HEALTH SERVICES TO THE COMMUNITY. $23,232 O. 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. $29,849 P. 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. $148,485 Q. 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. THIS ACQUISITION HAS HELPED ENSURE QUALITY CARE FOR ASHLAND FAMILIES. $68,944 R. PROVIDE PARKING AND STORAGE SPACE FOR HOSPITAL USE. $8,311 TOTAL PROGRAM SERVICE EXPENSES $611,605 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 Changes in Net Assets or Fund Balances: Form 990, Part XI, line 9: CHANGE IN MARKET VALUE OF TRUST ASSETS 2,504. FINANCIAL STATEMENT AND AUDIT OVERSIGHT THE OVERSIGHT OR SELECTION PROCESS HAS NOT CHANGED DURING THE YEAR.