2013-04-08T14:47:45-05:00 2010-12-31 ISLER MEDFORD LLC 839 ALDER CREEK DR MEDFORD OR 97504 990 2010-01-01 930691238 ASHLAND COMMUNITY HOSPITAL FOUNDATION ASHL 5412014014 280 MAPLE STREET ASHLAND OR 97520 ALAN STEED 5412014014 2011-06-30 1 CAROLYN M RYDER 5417797641 2010 2016-03-07 17:11:31Z JANET TROY 280 MAPLE STREET ASHLAND OR 97520 1367968 0 X WWW.ACHFOUNDATION.ORG X 1977 OR OUR MISSION IS TO SOLICIT, STEWARD AND GRANT FUNDS TO SUPPORT ASHLAND COMMUNITY HOSPITAL AND THE HEALTHCARE NEEDS OF THE COMMUNITY. VISION STATEMENTINSPIRING PHILANTHROPY TO IMPROVE THE HEALTH OF OUR COMMUNITY.VALUES STATEMENTWE ACHIEVE OUR VISION AND LIVE OUR MISSION BY VALUING:*PASSION, FOR ASHLAND COMMUNITY HOSPITAL AND COMMUNITY HEALTH;*GENEROSITY, WITH CHARITABLE GIFTS, TIME, AND EXPERTISE;*INTEGRITY, IN STEWARDSHIP OF ASSETS ENTRUSTED TO OUR CARE;*PARTNERSHIP, WITH ASHLAND COMMUNITY HOSPITAL AND COMMUNITY MEMBERS;*OUTREACH, TO RAISE THE PROFILE OF ASHLAND COMMUNITY HOSPITAL AS AN HONORED INSTITUTION IN THE COMMUNITY; *INDEPENDENCE,FOR ASHLAND COMMUNITY HOSPITAL AND THE FOUNDATION 22 22 0 0 177725 0 254930 288247 329394 315261 -82908 97823 56904 221600 558320 922931 220251 227924 0 0 0 0 0 0 0 419354 497027 639605 724951 -81285 197980 6015583 5924262 2809786 2510853 3205797 3413409 X OUR MISSION IS TO SOLICIT, STEWARD AND GRANT FUNDS TO SUPPORT ASHLAND COMMUNITY HOSPITAL AND THE HEALTHCARE NEEDS OF THE COMMUNITY. 0 0 316066 179268 SEE SCHEDULE O 182240 155286 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. 112704 55593 TO ENSURE ADEQUATE OFFICE SPACE FOR ASHLAND INTERNAL MEDICINE PHYSICIANS, THE FOUNDATION ACQUIRED A MEDICAL OFFICE BUILDING TO MEET THE INTERNAL MEDICINE DEMANDS OF OUR AGING COMMUNITY. THIS ACQUISITION HAS HELPED ENSURE QUALITY CARE FOR ASHLAND SENIORS. 611010 1 1 0 0 1 0 0 0 1 1 0 0 0 0 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 0 1 7 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 22 22 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 MARJORIE LININGER 2.00 X 0 0 0 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 ED COLSON 2.00 X 0 0 0 JACK DAVIS 2.00 X 0 0 0 DOUGLAS DIEHL MD 2.00 X 0 0 0 JONATHON ELDRIDGE 2.00 X 0 0 0 BRUCE E JOHNSON MD 2.00 X 0 0 0 THOMAS B KENNEDY 2.00 X 0 0 0 JEFFREY I MONOSOFF 2.00 X 0 0 0 GLENN CUNNINGHAM 2.00 X 0 0 0 DENNIS M POWERS 2.00 X 0 0 0 PAUL ROSTYKUS 2.00 X 0 0 0 BART RUPERT 2.00 X 0 0 0 GARY TURNER 2.00 X 0 0 0 MARIA UNDERWOOD 2.00 X 0 0 0 ALAN STEED 2.00 X 0 0 0 TOM GRIMLAND 2.00 X 0 0 0 JULIE AUSTAD 2.00 X 0 0 0 RICHARD BERNARD 2.00 X 0 0 0 0 0 0 0 0 0 0 0 288247 288247 RENT OF MED FACILITIES 531390 315261 315261 315261 62568 62568 244553 80542 164011 164011 164011 21541 372000 358286 21541 13714 35255 21541 13714 10453 6209 4244 4244 EXTAORDINARY INCOME SE 531190 53008 53008 MISCELLANEOUS 531390 337 337 53345 922931 390147 177725 66812 227924 227924 6167 6167 26670 26670 9667 9667 2433 2433 1370 1370 33 33 11772 11772 135877 135877 81450 81450 OTHER RENTAL EXPENSE 165759 165759 OTHER OPERATING EXPENSE 55829 55829 724951 611010 113941 0 24141 6770 173454 354860 12491 14136 170000 170000 28402 30976 4974855 1091988 4305746 3882867 1280709 1452567 20640 12086 6015583 5924262 6392 1713 25000 2054 2642652 2327960 158688 156180 2809786 2510853 X 2283517 2303738 289750 433971 632530 675700 3205797 3413409 6015583 5924262 X 197980 9632 X X 0 1 1 X 0 X 296596 384682 479713 254930 288247 1704168 296596 384682 479713 254930 288247 1704168 1704168 580881 606689 627603 577919 675727 3068819 -70906 -59975 -55509 -79305 -1701 -267396 4505591 87872 0.37820 0.39000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 41000 18330 298871 0 0 632530 43300 18200 18330 675700 630230 2300 632530 504930 125300 630230 0.09430 0.90570 0 0 1572649 1572649 3374648 1066380 2308268 27558 25608 1950 3882867 MUTUAL FUNDS 1264988 F UNITRUST ASSETS 187579 F 1452567 ANNUITY OBLIGATION 147290 DEPOSITS 8890 156180 922931 724951 197980 6530 3102 9632 207612 1149052 6530 182746 3102 192378 956674 -33743 -33743 922931 994448 182746 86751 269497 724951 0 724951 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: 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, 2010, THE ACTIVITY REPORTED NET OPERATING LOSSES THAT WAS APPLIED AGAINST THE GAIN REPORTED ON FORM 4797 FROM SALE OF PROPERTY. 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 2007, 2008, AND 2009 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 8 - Other Adjustments: CHANGE IN MARKET VALUE OF TRUST ASSETS Part XII, Line 2d - Other Adjustments: CHANGE IN SPLIT INTEREST AGREEMENT 3,102. Part XII, Line 4b - Other Adjustments: SPECIAL EVENT EXPENSE -6,209. RENTAL EXPENSES -80,542. EXTRAORDINARY INCOME FROM SETTLEMENT 53,008. Part XIII, Line 2d - Other Adjustments: RENTAL EXPENSES 80,542. SPECIAL EVENT EXPENSES 6,209. 0 ASHLAND COMMUNITY HOSPITAL PO BOX 98 ASHLAND OR 97520 173460 4464 FMV GIFTS, GIFT CERTIFICATES, BOOKS, BABY PRODUCTS FUNDING PROVIDED TO ASSIST WITH THE FOLLOWING PROGRAMS: HOSPICE AND PALLIATIVE CARE, BIRTHING CENTER, EMPLOYEE LOUNGE REMODEL, EMPLOYEE ASSISTANCE & EDUCATION, PLANETREE INITIATIVES AND HOME HEALTH, EKG EQUIPMENT, QUANTROS SYSTEM, PATIENT ASSISTANCE, PHYSICAL THERAPY, WOMEN'S HEALTH, AND GREATEST NEEDS OF ACH. LA CLINICA DEL VALLE FAMILY HEALTH CENTER 3617 S PACIFIC HWY MEDFORD OR 97501 943096772 10000 FMV CONTRIBUTE TO CAPITAL CAMPAIGN TO FUND THE NEW CENTRAL POINT HEALTH CENTER EXPANSION. PHOENIX-TALENT SCHOOL DISTRICT 4 401 W 4TH STREET PHOENIX OR 97535 40000 FMV FUNDING PROVIDED FOR THE SCHOOL NURSE PROGRAM FOR THE ELEMENTARY SCHOOLS IN THE PHOENIX-TALENT SCHOOL DISTRICT. 3 NURSING SCHOLARSHIPS AWARDED 10 10000 FMV X OTHER SERVICES/GIFTS 43 23715 COMPARABLE SALES X ACH ADMIN/OFFICE SPACE 1 159031 FMV 0 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 PURCHASE, ACQUIRE, EXCHANGE, INVEST IN, DERIVE INCOME FROM, SELL, LEASE AND OTHERWISE DEAL IN ANY MANNER WITH PROPERTY OF ALL KINDS, AS APPROPRIATE TO THE FOUNDATION'S PURPOSE. (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. (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. Program Service Statement Form 990, Part III, Line 4a PROGRAM SERVICE ACCOMPLISHMENTS A. 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 PATIENTS UNABLE TO AFFORD THEIR PRESCRIPTION MEDICATION AND SUPPORTED THE HOSPICE HARP PROGRAM. $21,199 B. 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 COMMNITY COLLEGE. FOR THE 2010 CALENDAR YEAR, THE FOUNDATION PROVIDED SCHOLARSHIPS TO 10 STUDENTS. $10,000 C. THE FOUNDATION PROVIDED FUNDS TO CREATE AN EMPLOYEE LOUNGE FOR ACH CAREGIVERS. $25,000 D. THROUGH THE FOUNDATION'S ANNUAL PATRONS CAMPAIGN, THE FOUNDATION PROVIDED FUNDS TO HELP RENOVATE THREE COMFORT ZONES (WAITING AREAS) SERVING THE EMERGENCY DEPARTMENT, BIRTH CENTER AND INTENSIVE CARE UNIT. $32,211 E. THE FOUNDATION PROVIDED FUNDING FOR THE SCHOOL NURSE PROGRAM FOR THE ELEMENTARY SCHOOLS IN THE PHOENIX-TALENT SCHOOL DISTRICT. THE FUNDING WAS MADE POSSIBLE THROUGH THE REED AND CAROLEE WALKER FUND OF THE OREGON COMMUNITY FOUNDATION AND DONOR DESIGNATED FUNDS. $40,000 F. THROUGH FUNDING FROM THE ELMER C. BIEGEL FAMILY THE FOUNDATION PURCHASED NEW EKG EQUIPMENT FOR THE INTENSIVE CARE UNIT. $29,527 G. THE FOUNDATION PROVIDED FUNDING THROUGH A SHIP GRANT TO PURCHASE A QUANTROS SYSTEM. $8,667 H. THE FOUNDATION SUPPORTED THE PATIENT-CENTERED CARE INITIATIVES OF PLANETREE, INCLUDING THE HARPIST PROGRAM AND THE PURCHASE OF AN IPAD TO BE USED BY PATIENTS. $7,592 I. THE FOUNDATION PROVIDED FUNDING FOR VOUCHERS TO PATIENTS AT THE COMMUNITY HEALTH CENTER THROUGH THE SOROPTIMIST INTERNATIONAL CLUB'S 2009 WINE WALK FOR WOMEN'S HEALTH. $2,500 J. ASSISTED PATIENTS UNABLE TO PAY FOR THEIR TREATMENTS THROUGH CONTRIBUTIONS AND ENDOWMENT EARNINGS. $2,576 K. PROVIDED FINANCIAL SUPPORT TO EMPLOYEES DURING TIMES OF CRISIS THROUGH EMPLOYEE PARYOLL DEDUCTIONS AND OUTRIGHT GIFTS. $4,122 L. PROVIDED FUNDING FOR EMPLOYEE EDUCATION. $2,619 M. THE FOUNDATION PARTICIPATED IN THE CAPITAL CAMPAIGN TO FUND THE NEW LA CLINICA CENTRAL POINT HEALTH CENTER. SUPPORTING THE LA CLINICA EXPANSION FULFILLS AN URGENT NEED IN OUR COMMUNITY TO PROVIDE AFFORDABLE AND QUALITY HEALTHCARE TO UNINSURED AND OTHER UNDERSERVED POPULATIONS. $10,000 (THIRD INSTALLMENT OF $40,000 PLEDGE) N. THE FOUNDATION PROVIDED FUNDING FOR THE GREATEST NEEDS OF ACH. $27,900 O. THE FOUNDATION PROVIDED A NUMBER OF SMALL GRANTS TO SUPPORT ASHLAND COMMUNITY HOSPITAL INCLUDING FUNDING FOR HOME HEALTH, THE LABORATORY, PHYSICAL THERAPY, AND WOMEN'S HEALTH. $4,011 P. 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 AND SOUTHERN OREGON FAMILY PRACTICE. BOTH OF THESE PROJECTS HELPED GUARANTEE HEALTH SERVICES TO THE COMMUNITY. $52,762 Q. 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. $33,647 R. 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. $182,240 S. TO ENSURE ADEQUATE OFFICE SPACE FOR ASHLAND INTERNAL MEDICINE PHYSICIANS, THE FOUNDATION ACQUIRED A MEDICAL OFFICE BUILDING TO MEET THE INTERNAL MEDICINE DEMANDS OF OUR AGING COMMUNITY. THIS ACQUISITION HAS HELPED ENSURE QUALITY CARE FOR ASHLAND SENIORS. $112,704 T. DR. RODDEN PARKING LOT AT 530 CATALINA. $1,733 TOTAL PROGRAM SERVICE EXPENSES $611,010 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 FINANCE 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 FINANCE 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 FINANCE 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 5: Net unrealized gains on investments: 6,530. CHANGE IN MARKET VALUE OF TRUST ASSETS 3,102. Total to Form 990, Part XI, Line 5: 9,632. FINANCIAL STATEMENT AND AUDIT OVERSIGHT THE OVERSIGHT OR SELECTION PROCESS HAS NOT CHANGED DURING THE YEAR.