FORM 990, PART VI, SECTION A, LINE 7A |
THE GOVERNOR OF THE STATE OF MICHIGAN APPOINTS THE MEMBERS OF THE BOARD OF DIRECTORS, WITH THE ADVICE AND CONSENT OF THE MICHIGAN SENATE. |
FORM 990, PART VI, SECTION B, LINE 11B |
THE CHIEF OPERATING OFFICER AND CHIEF FINANCIAL OFFICER ("COO/CFO") IS RESPONSIBLE TO REVIEW THE RETURN IN ITS ENTIRETY AND TO REVIEW IT WITH THE PREPARER. THE COO/CFO WILL ALSO REVIEW THE RETURN WITH THE CHIEF EXECUTIVE OFFICER AND THE BOARD TREASURER. AFTER THAT REVIEW, THE COO/CFO WILL MAKE THE RETURN AVAILABLE TO THE BOARD PRIOR TO FILING. |
FORM 990, PART VI, SECTION B, LINE 12C |
THE BOARD OF DIRECTORS AND STAFF OF THE FUND ARE EXPECTED TO MAINTAIN THE HIGHEST ETHICAL STANDARDS IN CONDUCTING THE BUSINESS OF THE FUND. THE BOARD AND STAFF UPDATE THEIR CONFLICT OF INTEREST QUESTIONNAIRES ANNUALLY IN CONJUNCTION WITH THE FUND'S ANNUAL MEETING. THESE QUESTIONNAIRES ARE REVIEWED BY MANAGEMENT, AND REPORTED CONFLICTS ARE MONITORED BY OUTSIDE LEGAL COUNSEL AND THE FUND'S GOVERNANCE COMMITTEE. |
FORM 990, PART VI, SECTION B, LINE 15 |
COMPARABLE INFORMATION WAS OBTAINED FROM THE COUNCIL OF MICHIGAN FOUNDATIONS AND THE NATIONAL COUNCIL OF FOUNDATIONS SHOWING COMPENSATION AND BENEFIT INFORMATION FOR THE CURRENT YEAR. THE FUND ALSO UNDERTOOK A FORMAL COMPENSATION STUDY IN 2021 WITH A NATIONAL CONSULTING FIRM, THE DETAILS OF WHICH WERE PROVIDED TO THE EXECUTIVE AND COMPENSATION COMMITTEE, AND WHICH WILL BE UPDATED EVERY TWO TO THREE YEARS. THIS STUDY SERVES AS A BASELINE FOR ENSUING YEARS. |
FORM 990, PART VI, SECTION C, LINE 19 |
THE FUND'S ARTICLES OF INCORPORATION ARE AVAILABLE ON THE STATE OF MICHIGAN WEBSITE AT WWW.MICHIGAN.GOV/LARA. THE FUND'S CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE POSTED ON THE FUND'S WEBSITE AT WWW.MIHEALTHFUND.ORG. |
FORM 990, PART IX, LINE 11G |
CONTRACTUAL SERVICES: PROGRAM SERVICE EXPENSES 62,272. MANAGEMENT AND GENERAL EXPENSES 997,482. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,059,754. MEDIGAP SERVICING EXPENSES: PROGRAM SERVICE EXPENSES 1,502,076. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,502,076. GRANTMAKING PROGRAM SUPPORT: PROGRAM SERVICE EXPENSES 3,361,828. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,361,828. |
FORM 990, PART XI, LINE 9: |
GRANT REFUNDS 584,973. REFUND OF CONTRIBUTION -2,000,000. |