2024-11-13T19:07:35-06:00 2023-12-31 161226221 FUSTCHARLES LLP 220 S WARREN STREET SYRACUSE NY 13202 990 2023-01-01 141638957 ELLIS HOSPITAL FOUNDATION INC THE FOUNDATION FOR ELLIS MEDICINE ELLI 5182434600 1101 NOTT STREET SCHENECTADY NY 12308 KAREN MANTAS EXECUTIVE DIRECTOR 5182434600 2024-11-13 1 1 THOMAS J GIUFRE P00841958 3154463600 2024-11-13 2023 2024-10-15 13:58:12Z KAREN MANTAS 1101 NOTT STREET SCHENECTADY NY 12308 10224244 0 1 X WWW.ELLISMEDICINE.ORG/FOUNDATION X 1982 NY THE MISSION OF THE FOUNDATION FOR ELLIS MEDICINE IS TO INCREASE PHILANTHROPY, AWARENESS AND ADVOCACY FOR ELLIS MEDICINE TO ENSURE AND SUPPORT QUALITY, LIFESAVING HEALTHCARE IN OUR COMMUNITY. 23 22 0 82 0 0 4617082 3903228 0 0 180687 523275 -150654 -159385 4647115 4267118 3568217 2049406 0 0 744798 690391 360357 300000 837584 330496 302123 5003868 3341920 -356753 925198 21424667 23020389 1376494 284361 20048173 22736028 X THE FOUNDATION FOR ELLIS MEDICINE ENSURES QUALITY HEALTHCARE IN OUR COMMUNITY BY RAISING, INVESTING AND DISTRIBUTING FUNDS THAT SUPPORT THE LIFESAVING WORK PERFORMED AT ELLIS MEDICINE. THROUGH THE CHARITABLE GIFTS OF INDIVIDUALS, CORPORATIONS AND FOUNDATIONS, OUR ORGANIZATION HELPS ADVANCE ELLIS MEDICINE'S MISSION TO SERVE THE COMMUNITY AND REINVENT HEALTHCARE - ONE PATIENT AT A TIME. 0 0 2049406 2049406 THE FOUNDATION FOR ELLIS MEDICINE ACCEPTS GIFTS FROM THE COMMUNITY THAT SUPPORT MANY NEEDS OF THE HOSPITAL, INCLUDING THE PURCHASE OF STATE-OF-THE-ART MEDICAL EQUIPMENT AND SUPPLIES; UNDERWRITING PROGRAMS THAT SERVICE THE COMMUNITY INCLUDING THE MEDICALLY UNDERSERVED; RENOVATING AND UPDATING FACILITIES; AND PROVIDING CONTINUING EDUCATION AND SCHOLARSHIPS FOR OUR NURSES, PHYSICIANS AND STAFF.OF THE MANY ACCOMPLISHMENTS DURING 2023, THE THREE LARGEST INVESTMENTS WERE IN CAPITAL IMPROVEMENTS, EDUCATION AND PROGRAM SALARIES. CAPITAL IMPROVEMENTS INCLUDED NEW TECHNOLOGY TO PROVIDE LIFESAVING CANCER AND CARDIOVASCULAR CARE AND UPDATED SURGICAL EQUIPMENT ($1,254,344). ELLIS PROMISE, A NEW INITIATIVE FOCUSED ON DEVELOPING A WORKFORCE OF NURSES, CLINICIANS, AND SUPPORT STAFF FOR NOW AND THE FUTURE FROM WITHIN THE CITY OF SCHENECTADY AS WELL AS PROVIDING SCHOLARSHIPS, AWARDS AND FUNDING FOR CONTINUING EDUCATION FOR NURSING STUDENTS, RNS IN PURSUIT OF THEIR BACHELOR OR MASTER'S DEGREES AND OTHER EMPLOYEES ($335,766). PHILANTHROPY ALSO SUPPORTED THE SALARIES AND COSTS OF THE ELLIS OUTPATIENT MENTAL HEALTH PROGRAM, THE LIVING ROOM ($258,794). 2049406 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 13 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 23 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X X ELLIS MEDICINE FINANCE 5186128640 600 MCCLELLAN STREET SCHENECTADY NY 12304 JAMES BARNES ESQ VICE CHAIR 1.00 X X 0 0 0 ANTONIO CIVITELLA TRUSTEE 1.00 X 0 0 0 BECKY DANIELS TRUSTEE 1.00 X 0 0 0 COLLEEN DIBBLE MD TRUSTEE 1.00 X 0 0 0 CHRISTOPHER DOLINSKY MD TRUSTEE 1.00 X 0 0 0 STEVEN GIOVANNONE MD TRUSTEE 1.00 X 0 0 0 ELIZABETH GUERIN TRUSTEE 1.00 X 0 0 0 MICHELE HEWITT DNP RN TRUSTEE 1.00 X 0 0 0 DAVID C HORAN JR TRUSTEE 1.00 X 0 0 0 JIM HURLEY BOARD CHAIR 1.00 X X 0 0 0 SARAH JOHNSON TRUSTEE 1.00 X 0 0 0 BONNIE KELLAR TRUSTEE 1.00 X 0 0 0 AMANDA KURYLUK ESQ TRUSTEE 1.00 X 0 0 0 CATHERINE LEWIS TRUSTEE 1.00 X 0 0 0 JONATHAN LOECK TRUSTEE 1.00 X 0 0 0 MATT LOMBARDO TRUSTEE 1.00 X 0 0 0 STACY MARBLE TRUSTEE 1.00 X 0 0 0 STEPHANIE MUMFORD TRUSTEE 1.00 X 0 0 0 ANNE PHILLIPS TRUSTEE 1.00 X 0 0 0 LAUREN SHARKEY ESQ SECRETARY 1.00 X X 0 0 0 CHRISTIAN SOLLER ESQ TREASURER 1.00 X X 0 0 0 A EMILE WALRAVEN TRUSTEE 1.00 X 0 0 0 WILLIAM ZARZYCKI TRUSTEE 1.00 X 0 0 0 KAREN MANTAS EXECUTIVE DIRECTOR 55.00 X 194107 0 12084 194107 0 12084 1 0 1 0 0 397482 3505746 329897 3903228 349357 349357 5861679 5687761 173918 173918 173918 109980 397482 269365 -159385 -159385 4267118 0 0 363890 1769917 1769917 279489 279489 206191 82476 123715 355439 202148 153291 28804 13825 14979 56992 29188 27804 42965 21540 21425 15979 15979 13782 13782 300000 300000 57774 57774 1202 1202 2502 2502 4530 4530 PURCHASED SERVICES 74380 74380 BAD DEBT 57689 57689 RECEPTIONS / DONOR RECO 46395 46395 PRINTING 15732 15732 12158 9984 2174 3341920 2049406 454930 837584 1478109 1164877 4450129 4068641 113759 86408 15382670 17700463 21424667 23020389 1271154 223996 60453 25000 44887 35365 1376494 284361 X 3317113 4275395 16731060 18460633 20048173 22736028 21424667 23020389 X 925198 1592038 170619 X X 0 1 X 1 0 X 2052116 8127710 4930936 3940905 3505746 22557413 2052116 8127710 4930936 3940905 3505746 22557413 7053286 15504127 350382 231328 178101 228339 349358 1337508 533134 234045 361925 455847 507462 2092413 25987334 0.59660 0.60940 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GROSS RECEIPTS FROM RELATED ACTIVITIES - 2019 AMOUNT: $ 533,134. 2020 AMOUNT: $ 234,045. 2021 AMOUNT: $ 361,925. 2022 AMOUNT: $ 455,847. 2023 AMOUNT: $ 507,462. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16731056 2560429 1177664 2008516 18460633 18689056 2596744 -1483986 3070758 16731056 17022397 3418048 1171370 2922759 18689056 11439294 6446253 521684 1384834 17022397 9698238 1125585 1518729 903258 11439294 0.34040 0.65960 1 0 0 CHARITABLE GIFT ANNUITY PAYABLE 35365 35365 X 6412656 1592038 113516 439984 2145538 4267118 0 4267118 3724801 113516 269365 382881 3341920 0 3341920 PART V, LINE 4: THE TEMPORARILY RESTRICTED ENDOWMENT AND THE INTEREST ON THE PERMANENT ENDOWMENT FUNDS ARE TO BE USED FOR VARIOUS PURPOSES TO ENHANCE THE CARE PROVIDED BY ELLIS MEDICINE. SOME OF THE EARNINGS ARE UNRESTRICTED SO THE FOUNDATION BOARD CAN DIRECT THE CONTRIBUTIONS TO EQUIPMENT OR HEALTHCARE PROGRAMS. OTHER USES, AS DEFINED BY THE DONOR, ARE FOR SCHOOL OF NURSING SCHOLARSHIPS, SUPPORT OF WOMEN'S HEALTH PROGRAMS, THE HEART CENTER, CANCER DIAGNOSIS AND TREATMENT, CONTINUING EDUCATION OF NURSES AND RESPIRATORY THERAPISTS, AND EQUIPMENT. PART X, LINE 2: THE FOUNDATION IS A NOT-FOR-PROFIT CORPORATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND EXEMPT FROM FEDERAL INCOME TAXES PURSUANT TO SECTION 501(A) OF THE INTERNAL REVENUE CODE. THE FOUNDATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. RECOGNIZED INCOME TAX POSITIONS ARE MEASURED AT THE LARGEST AMOUNT THAT IS GREATER THAN FIFTY PERCENT LIKELY OF BEING REALIZED UPON SETTLEMENT. CHANGES IN RECOGNITION IN MEASUREMENT ARE REFLECTED IN THE PERIOD IN WHICH THE CHANGE IN JUDGEMENT OCCURS. THE FOUNDATION DID NOT RECOGNIZE THE EFFECT OF ANY UNCERTAIN INCOME TAX POSITIONS IN EITHER 2023 OR 2022. THE TAX YEARS OPEN TO EXAMINATION BY FEDERAL AND NEW YORK STATE TAXING AUTHORITIES ARE 2020 THROUGH 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF SPECIAL EVENTS 269,365. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 170,619. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF SPECIAL EVENTS 269,365. X X X X X 1 CCS LLC 461 5TH AVENUE NEW YORK NY 10017 CONSULTING 0 2216143 300000 1916143 2216143 300000 1916143 NY FOUNDATION GALA 173877 137627 36250 424 38449 64215 2550 28875 WOMEN'S NIGHT OUT 114358 103648 10710 280 16588 12000 7150 7144 2 219227 156207 63020 18245 49727 22007 30 1681 507462 397482 109980 18949 104764 98222 9730 37700 269365 -159385 1 ELLIS HOSPITAL 1101 NOTT STREET SCHENECTADY NY 12308 141338428 501(C)(3) 1769917 0 MEDICAL EQUIP/CLINICAL SERVICES EXP SCHOOL OF NURSING STUDENT AWARDS 101 182289 ADVANCED NURSING EDUCATION AWARDS 15 85642 EMPLOYEE CRISIS RELIEF 5 8550 SUMMER CAMP PROGRAMS 6 3008 PART II LINE 1 ANNUALLY, THE FOUNDATION BOARD APPROVES A SPECIFIC AMOUNT OF MONEY FOR CERTAIN AREAS OF HOSPITAL NEED. THE EXECUTIVE DIRECTOR REVIEWS THE HOSPITAL'S APPROVED CAPITAL BUDGET MATCHING TEMPORARILY RESTRICTED CONTRIBUTIONS AND INTEREST EARNED ON PERMANENTLY RESTRICTED GIFTS FOLLOWING THE BOARD APPROVED NYPMIFA COMPLIANT SPENDING POLICY. THE EXECUTIVE DIRECTOR SENDS A WRITTEN MEMORANDUM OF UNDERSTANDING TO THE CAPITAL COMMITTEE OF ELLIS HOSPITAL ASKING THAT THE FOUNDATION BE BILLED MONTHLY AS THE APPROPRIATE ITEMS ARE PURCHASED. THE HOSPITAL'S FINANCE DEPARTMENT SENDS A WRITTEN BILL TO THE FOUNDATION WITH ACCOMPANYING DOCUMENTATION OF THE SPECIFIC PURCHASE. THE FOUNDATION TRANSFERS THE MONEY FOR THE APPROVED ITEMS TO THE HOSPITAL. PART III LINE 1 THE BELANGER SCHOOL OF NURSING (SON) FACULTY SELECTS STUDENTS TO RECEIVE SPECIFIC AWARDS ESTABLISHED BY DONORS AND THE SCHOOL. THE FACULTY ENSURES THAT STUDENTS ARE CHOSEN BASED UPON CRITERIA SET BY THE DONOR. THE VICE PRESIDENT FOR NURSING AT ELLIS MEDICINE AND THE FOUNDATION STAFF TRACK AWARDS AND SCHOLARSHIPS TO ENSURE THAT DONATIONS ARE USED FOR THE INTENDED PURPOSE. IT IS THE RESPONSIBILITY OF THE FOUNDATION TO RELEASE THE FUNDS AND ACCOUNT FOR THE REMAINING BALANCES. IN ADDITION, THERE ARE SCHOLARSHIPS THAT ARE PRESENTED BY COMMUNITY ORGANIZATIONS AT COMMENCEMENT. PART III LINE 2 ADVANCED NURSING EDUCATION AWARDS ARE MADE AVAILABLE TO ELLIS-EMPLOYED REGISTERED NURSES (RNS) TO SUPPORT EDUCATIONAL ADVANCEMENT IN PURSUIT OF A BACHELOR'S OR MASTERS OF SCIENCE IN NURSING DEGREE OR DOCTORAL DEGREE IN A RELATED HEALTHCARE FIELD. THIS PROGRAM IS ROOTED IN ACADEMIC RESEARCH WHICH FOUND THAT PATIENTS RECEIVE BETTER CARE/OUTCOMES IN HOSPITALS WHEN THE MAJORITY OF NURSES HAVE HIGHER-LEVEL ACADEMIC DEGREES. THIS AWARD IS DESIGNED TO SUPPLEMENT OTHER ELLIS SOURCES OF FUNDING WHICH SUPPORT EDUCATIONAL ADVANCEMENT. THE NUMBER OF ADVANCED NURSING EDUCATION AWARDS IN ANY GIVEN YEAR MAY VARY BASED ON AVAILABLE RESOURCES. AN AWARD COMMITTEE COMPRISED OF A NURSE EDUCATOR, DIRECTOR OF NURSING, TWO RN STAFF, THE HUMAN RESOURCES NURSING BUSINESS PARTNER, THE DEAN OF THE BELANGER SHOOL OF NURSING AND AN AD HOC DONOR REPRESENTATIVE, REVIEW APPLICATIONS AND INTERVIEW NURSING APPLICANTS. DETERMINATIONS ARE MADE BASED ON A MAJORITY VOTE. AWARDS OF UP TO $15,000 ARE GRANTED AND PAYABLE TO THE EDUCATIONAL INSTITUTION ON A PER SEMESTER BASIS. PART III LINE 3 THE EMPLOYEE CRISIS RELIEF FUND IS A PROGRAM THAT WILL PROVIDE, THROUGH AN APPLICATION PROCESS, LIMITED FINANCIAL ASSISTANCE TO ELIGIBLE EMPLOYEES WHO EXPERIENCE AN ECONOMIC HARDSHIP DUE TO A QUALIFIED EMERGENCY OR CRISIS. WHEN AN EMPLOYEE APPLIES FOR ASSISTANCE, A REVIEW BOARD, COMPRISED OF NON-MANAGEMENT ELLIS MEDICINE STAFF, DISCUSS THE APPLICATION AND MAKE A DETERMINATION ON FUNDING BASED ON ESTABLISHED CRITERIA. FUNDS ARE USED TO PAY BILLS FOR SPECIFIC EXPENSES, NOT TO PROVIDE CASH DIRECTLY TO THE EMPLOYEES. ALL APPLICATIONS ARE TREATED CONFIDENTIALLY AND THE REVIEW BOARD DOES NOT HAVE ACCESS TO THE IDENTITY OF THE APPLICANT. PART III, LINE 4 GIFTS FROM THE STEWART'S HOLIDAY MATCH WILL BE USED TO PROVIDE A SUMMER CAMP ENRICHMENT EXPERIENCE FOR CHILDREN AND ADOLESCENTS. FOR MANY YOUTH SERVED BY ELLIS' OUTPATIENT CHILD AND ADOLESCENT MENTAL HEALTH CLINIC, THE PANDEMIC HAS HAD A SEVERE PSYCHOLOGICAL IMPACT ON THEIR MENTAL WELL-BEING. WITH FUNDING FROM THE MATCH, YOUTH CAN ESCAPE THE LONELINESS OF BEING AT HOME, ANXIETY ABOUT THE FUTURE, AND FAMILIAL STRAINS FOR A WEEK, AND ENGAGE WITH OTHER YOUTH IN FRESH AIR STRUCTURED ACTIVITIES. OUR GOAL IS TO HELP PROVIDE OPPORTUNITIES THAT ADDRESS ISOLATION, ANXIETY, DEPRESSION, AND THE ONSET OF OTHER MENTAL HEALTH INDICATORS, AND TO STEM THE ESCALATING SUICIDE RATE AMONG YOUTH. ELLIS' CHILD AND ADOLESCENT CLINIC SERVES PREDOMINATELY A LOW-INCOME, AT-RISK POPULATION FROM SCHENECTADY COUNTY. MANY FAMILIES DO NOT HAVE THE FINANCIAL MEANS TO AFFORD SUMMER CAMP, AND THE CURRENT ECONOMIC CLIMATE HAS PUT CAMP FURTHER OUT OF REACH. BY OFFERING THIS EXPERIENCE, ELLIS LOOKS TO BRING HOPE TO MANY YOUTH AND PROVIDE ACTIVITIES THAT PROMOTE PHYSICAL WELL-BEING, WHICH WILL HAVE A DIRECT IMPACT ON ONE'S MENTAL HEALTH. X X X 0 0 0 0 0 0 0 0 0 KAREN MANTAS EXECUTIVE DIRECTOR 192902 0 0 0 1205 0 813 0 11271 0 206191 0 0 0 X 1 10408 MARKET VALUE X LIFE INSURANCE POLCY 1 319489 CASH VALUE 0 1 0 SCHEDULE M, PART I, COLUMN (B): ON LINE 9, THERE IS ONE TRANSACTION THAT CONSISTS OF 45 SHARES OF VISA INC ON LINE 25 THERE IS A PRUDENTIAL LIFE INSURANCE POLICY STATED AT CASH VALUE PART III, LINE 2 THE FOUNDATION'S GENERATIONS OF HEALTH CAPITAL CAMPAIGN WILL SUPPORT THREE MAJOR HOSPITAL INITIATIVES: 1) ADVANCED CANCER CARE THROUGH A PARTNERSHIP WITH ROSWELL PARK CANCER CENTER AND INVESTING IN THE NEWEST RADIATION THERAPY TREATMENTS THAT COMPLIMENT CHEMOTHERAPIES AND SURGERY: GIVING EVERY CANCER PATIENT A FIGHTING CHANCE, 2) EXPAND THE CAPACITY OF OUR MENTAL HEALTH SERVICES AND REMEDIATE THE INPATIENT ENVIRONMENT TO ASSURE THAT CARE IS PROVIDED IN A SAFE AND THERAPEUTIC WAY, AND 3) RENOVATE AND UPDATE THE OPERATING ROOMS ON THE ELLIS HOSPITAL AND BELLEVUE CAMPUSES. IN ADDITION, FUNDING WAS SECURED TO SUPPORT PROGRAMMATIC AND EDUCATION NEEDS FOR STAFF AND FUTURE NURSES. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE ORGANIZATION'S FORM 990 WAS PREPARED AND SUBMITTED TO THE FOUNDATION'S EXECUTIVE DIRECTOR AND AUDIT COMMITTEE OF THE BOARD. AFTER A REVIEW WAS COMPLETED, THE FORM, INCLUDING ALL REQUIRED SCHEDULES AS ULTIMATELY FILED WITH THE IRS, WAS PROVIDED TO EACH VOTING MEMBER OF THE FOUNDATION'S BOARD OF TRUSTEES FOR REVIEW. UPON APPROVAL BY THE BOARD OF TRUSTEES, THE FORM WAS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY OF THE FOUNDATION APPLIES TO INDIVIDUALS OF THE FOUNDATION, INCLUDING BUT NOT LIMITED TO EMPLOYEES, TRUSTEES AND STAFF WITH ADMINISTRATIVE RESPONSIBILITIES AND/OR DECISION MAKING RESPONSIBILITIES. SELECTED INDIVIDUALS AS IDENTIFIED BY THE VICE PRESIDENT OF ELLIS HOSPITAL HUMAN RESOURCES AND THE DIRECTOR OF CORPORATE COMPLIANCE AND INTERNAL AUDIT (CP-CC/IA) ARE REQUIRED TO FILE A CONFLICT OF INTEREST DISCLOSURE STATEMENT ON AN ANNUAL BASIS. WHEN COMPLETED, THE STATEMENT IS SENT IN A SEALED ENVELOPE TO THE DIRECTOR OF CC/IA FOR REVIEW. IN ANY CASE WHERE A POTENTIAL CONFLICT HAS BEEN DISCLOSED, THE DIRECTOR OF CC/IA WILL MEET WITH THE EXECUTIVE DIRECTOR OF THE FOUNDATION AND CHAIRMAN OF THE BOARD OF TRUSTEES TO DISCUSS THE DISCLOSURE AND NEED FOR ACTION, IF NECESSARY. WHEN A POTENTIAL OR ACTUAL CONFLICT EXISTS, THE INTERESTED PERSON MAY MAKE A PRESENTATION AT THE BOARD OF TRUSTEES MEETING, BUT MUST LEAVE DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION RESULTING IN THE CONFLICT OF INTEREST. THE BOARD SHALL DETERMINE BY A MAJORITY VOTE WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE FOUNDATION'S BEST INTEREST. FORM 990, PART VI, SECTION B, LINE 15A ON AN ANNUAL BASIS, THE EXECUTIVE COMMITTEE OF THE FOUNDATION'S BOARD AND CEO OF ELLIS MEDICINE MEET TO REVIEW THE PERFORMANCE OF THE EXECUTIVE DIRECTOR OF THE FOUNDATION, WHICH IS MEASURED BY GOALS ESTABLISHED FOR THE PREVIOUS YEAR. THE POLICY AND PROCEDURE IS OUTLINED IN THE BY-LAWS OF THE ELLIS HOSPITAL FOUNDATION. AS PART OF THE PROCESS, THE CHAIRMAN OF THE BOARD CONSULTS WITH THE VP OF HUMAN RESOURCES OF ELLIS HOSPITAL TO ENSURE THAT THE COMPENSATION RANGE FOR THE POSITION IS CONTEMPORARY AND COMPETITIVE TO RECRUITMENT. THE EXECUTIVE COMMITTEE, WITH RECOMMENDATIONS FROM THE CEO, AWARDS PAY INCREASES AS APPROPRIATE AND MAINTAINS CONTEMPORANEOUS DOCUMENTATION TO SUPPORT SUCH CHANGES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST STATEMENTS AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 170,619. PART XII, LINE 2C: THE BOARD OF TRUSTEES REVIEWS THE AUDIT AT THE ANNUAL MEETING EACH YEAR. EFFECTIVE JANUARY 1, 2015, THE BOARD OF TRUSTEES APPOINTED AN AUDIT COMMITTEE. THE AUDIT COMMITTEE IS GOVERNED BY AN AUDIT COMMITTEE CHARTER. THE AUDIT COMMITTEE MEETS A MINIMUM OF TWO TIMES PER YEAR AND ONE OF THEIR DUTIES AS DESCRIBED IN THE AUDIT COMMITTEE CHARTER IS TO ANNUALLY RETAIN OR RENEW THE RETENTION OF THE INDEPENDENT AUDITOR TO CONDUCT THE AUDIT, INCLUDING THE APPROVAL OF FEES AND TERMS OF ENGAGEMENT. VOLUNTEER AIDES 1101 NOTT STREET SCHENECTADY NY 123082425 146004058 TO SUPPORT HOSPITAL NY 501 (C) 3 509 (A) 3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0