FORM 990 - ORGANIZATION'S MISSION |
OUR LADY OF WISDOM FACILITY CORPORATION ("OLOW FC") IS A 501(C)(3) ORGANIZED AS A TYPE I SUPPORTING ORGANIZATION OF NOTRE DAME HEALTH SYSTEM. NOTRE DAME HEALTH SYSTEM IS A LOUISIANA NON-PROFIT SPONSORED BY THE ROMAN CATHOLIC CHURCH OF THE ARCHDIOCESE OF NEW ORLEANS. OLOW FC'S PURPOSE IS TO ACQUIRE, OWN, OPERATE, AND MAINTAIN THE REAL AND IMMOVABLE PROPERTY OF OUR LADY OF WISDOM HEALTHCARE CENTER ("OLOW"). OLOW IS A NURSE CARE FACILITY OWNED BY NOTRE DAME HEALTH SYSTEM, THE SUPPORTED ORGANIZATION OF OLOW FC, THAT OPERATES A 138 BED, SKILLED AND INTERMIEDIATE NURSING FACILITY. |
FORM 990, PAGE 6, PART VI, LINE 6 |
THE ORGANIZATION HAS ONE MEMBER-NOTRE DAME HEALTH SYSTEM. THE ENTITY IS ORGANIZED AND OPERATED EXCLUSIVELY ON A NON-STOCK BASIS, AND THERE IS ONLY ONE CLASS OF MEMBERSHIP. THE MEMBERSHIP OF THE CORPORATION SHALL CONSIST OF NOTRE DAME HEALTH SYSTEM, A LOUISIANA, NON-PROFIT CORPORATION; WHICH SHALL BE,EX-OFFICIO, THE SOLE MEMBER OF THE CORPORATION. |
FORM 990, PAGE 6, PART VI, LINE 7A |
THE MEMBER APPOINTS OR REMOVES THE MEMBERS OF THE BOARD OF DIRECTORS. THE MEMBER HAS THE POWER TO MAKE AND PASS BY-LAWS GOVERNING THE AFFAIRS OF THE CORPORATION AND APPOINTS THE OFFICERS OF THE CORPORATION. |
FORM 990, PAGE 6, PART VI, LINE 7B |
THE MEMBER OF THE CORPORATION ELECTS THE BOARD OF DIRECTORS AND HAS THE POWER TO MAKE AND PASS BY-LAWS GOVERNING THE AFFAIRS OF THE CORPORATION. THE BOARD OF DIRECTORS, AS DISTINGUISHED FROM THE MEMBER OF THE CORPORATION, SHALL MANAGE, SUPERVISE, AND CONTROL THE BUSINESS, PROPERTY, AFFAIRS AND FUNDS OF OLOW FC AND SHALL EXERCISE ALL OF THE POWERS OF THE CORPORATION NOT RESERVED TO THE MEMBER OF THE CORPORATION AS SET FORTH IN THE OLOW FC'S ARTICLES OF INCORPORATION, BYLAWS, AND APPLICABLE LAWS. THE AFOREMENTIONED ACTIONS MUST HAVE THE APPROVAL OF THE ARCHBISHOP OR ADMINISTRATOR OF THE ARCHDIOCESE OF NEW ORLEANS. THE FINANCE COUNCIL ("THE COUNCIL") OF THE ARCHDIOCESE OF NEW ORLEANS CONVENES ON A REGULAR BASIS IN THE PRESENCE OF THE ARCHBISHOP. THE CURRENT PRACTICE OF THE ORGANIZATION IS TO BRING THE AFOREMENTIONED ITEMS BEFORE THE COUNCIL AND THE ARCHBISHOP FOR DISCUSSION, REVIEW, AND APPROVAL. THE DECISION OF THE ARCHBISHOP IS THEN COMMUNICATED TO THE CEO OF OLOW FC. |
FORM 990, PAGE 6, PART VI, LINE 11B |
AUDITS ARE PRESENTED TO THE BOARD ANNUALLY. IT IS THE ORGANIZATION'S CURRENT PRACTICE TO ALSO PRESENT THE AUDIT TO THE ARCHDIOCESE OF NEW ORLEANS AUDIT COMMITTEE. PRIOR TO ITS FILINGS, THE FORM 990 IS PRESENTED TO OLOW FC'S BOARD. THE ARCHDIOCESE OF NEW ORELANS RECEIVES A COPY OF THE FORM 990. |
FORM 990, PAGE 6, PART VI, LINE 12C |
EACH EMPLOYEE OF THE ARCHDIOCESE OF NEW ORLEANS, ITS AGENCIES, OR ITS AFFILIATES, IS REQUIRED TO FULLY DISCLOSE ANY RELATIONSHIP OR SITUATION THAT MAY GIVE RISE TO A POTENTIAL CONFLICT OR THE APPEARANCE OF A CONFLICT OF INTEREST. DISCLOSURE FORMS ARE SENT TO THE HEAD OF THE AFFECTED ENTITY, AGENCY, AND/OR PARISH, AND COPIES ARE FORWARDED TO THE BOARD. |
FORM 990, PAGE 6, PART VI, LINE 19 |
THIS FORM, AS WELL AS VARIOUS POLICIES ARE MADE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. |