Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | KIM HALVORSEN AND PHILIPPE GREENBERG HAVE A BUSINESS RELATIONSHIP. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION SHALL CONSIST OF FOUR CLASSES OF MEMBERSHIP: (A)LEVEL ONE WILL CONSIST OF ORGANIZATIONS INVOLVED IN COMMERCIAL MEDICAL FACTORING; (B)LEVEL TWO WILL CONSIST OF MEDICAL SERVICE PROVIDERS; (C)LEVEL THREE WILL CONSIST OF EDUCATIONAL SCHOLARS AND VENDORS; AND (D)LEVEL FOUR WILL CONSIST OF LARGE NATIONAL COMMERCIAL LAW FIRMS, BANKS AND OTHER FINANCIAL SERVICES PROVIDERS. MEMBER CLASSES SHALL CONSIST OF THOSE PERSONS WHO (1) QUALIFY FOR MEMBERSHIP PURSUANT TO SECTION 4.3 OF THESE BYLAWS, (2) PASSED A BACKGROUND CHECK, AND (3) ARE ACCEPTED AS MEMBERS BY THE BOARD OR A DESIGNATED COMMITTEE OF THE BOARD. ALL MEMBERS SHALL HAVE THE SAME RIGHTS, PRIVILEGES, RESTRICTIONS AND CONDITIONS, SO LONG AS THEY DO NOT CONFLICT WITH EXPRESS PROVISIONS PROVIDED FOR IN THE ORGANIZATION'S ARTICLES OF INCORPORATION OR THESE BYLAWS. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE ORGANIZATION SHALL CONSIST OF FOUR CLASSES OF MEMBERSHIP: (A)LEVEL ONE WILL CONSIST OF ORGANIZATIONS INVOLVED IN COMMERCIAL MEDICAL FACTORING; (B)LEVEL TWO WILL CONSIST OF MEDICAL SERVICE PROVIDERS; (C)LEVEL THREE WILL CONSIST OF EDUCATIONAL SCHOLARS AND VENDORS; AND (D)LEVEL FOUR WILL CONSIST OF LARGE NATIONAL COMMERCIAL LAW FIRMS, BANKS AND OTHER FINANCIAL SERVICES PROVIDERS. MEMBER CLASSES SHALL CONSIST OF THOSE PERSONS WHO (1) QUALIFY FOR MEMBERSHIP PURSUANT TO SECTION 4.3 OF THESE BYLAWS, (2) PASSED A BACKGROUND CHECK, AND (3) ARE ACCEPTED AS MEMBERS BY THE BOARD OR A DESIGNATED COMMITTEE OF THE BOARD. ALL MEMBERS SHALL HAVE THE SAME RIGHTS, PRIVILEGES, RESTRICTIONS AND CONDITIONS, SO LONG AS THEY DO NOT CONFLICT WITH EXPRESS PROVISIONS PROVIDED FOR IN THE ORGANIZATION'S ARTICLES OF INCORPORATION OR THESE BYLAWS. SECTION 4.3. ADMISSION FOR MEMBERSHIP. TO BE ADMITTED INTO MEMBERSHIP IN THE ORGANIZATION, ALL APPLICANTS SHALL: (A)SUPPORT THE MISSION AND PURPOSE OF THE ORGANIZATION; (B)TIMELY PAY DESIGNATED MEMBERSHIP DUES AND FEES; (C)EXECUTE THE ORGANIZATION'S MEMBERSHIP AGREEMENT; (D)COMPLY WITH ANY AND ALL ""BEST PRACTICES"" ESTABLISHED BY THE ORGANIZATION; (E)CONSENT TO AND PASS A BACKGROUND CHECK; AND (F)MEET AND COMPLY WITH OTHER STANDARDS THAT MAY BE IMPLEMENTED FROM TIME TO TIME THROUGH ACTION OF THE BOARD. SECTION 4.4. DUES, FEES AND LIABILITY OF MEMBERS. (A)ALL MEMBERS SHALL PAY MEMBERSHIP FEES AND ANNUAL DUES AT A LEVEL AND TIME DESIGNATED BY THE BOARD, OR A DESIGNATED BOARD COMMITTEE. (B)THE BOARD, OR A DESIGNATED BOARD COMMITTEE, MAY FROM TIME TO TIME CHANGE THE MEMBERSHIP DUES BY A VOTE OF TWO-THIRDS (2/3) OF A QUORUM OF THE BOARD. (C)MEMBERS SHALL NOT BE LIABLE FOR THE DEBTS, LIABILITIES, OR OBLIGATIONS OF THE ORGANIZATION, EXCEPT AS SET FORTH IN THE ORGANIZATION'S MEMBERSHIP AGREEMENT. SECTION 4.5. VOTING RIGHTS CONFERRED. VOTING RIGHTS ARE CONFERRED ONTO A MEMBER UPON APPLICATION TO AN OFFICER DESIGNATED BY THE BOARD, AND PROOF OF THE FOLLOWING: (A)THAT THE APPLICANT MEMBER IS NOT A BOARD MEMBER, OFFICER, OR DIRECTOR OF A COMPETING TRADE ASSOCIATION THAT MAY BE IN CONFLICT WITH THE ORGANIZATION'S MISSION; (B)THAT THE APPLICANT MEMBER IS ACTIVE AND A CONTINUED PARTICIPANT IN GOVERNMENT AFFAIRS EFFORTS RELATED TO PATIENTS' ACCESS TO AFFORDABLE QUALITY MEDICAL CARE; (C)DEMONSTRATION OF COMMITMENT TO SUPPORTING LEGAL ACTIONS AND LEGISLATIVE OR GOVERNMENT AFFAIRS FOR THE PRIOR TWENTY-FOUR (24) MONTHS (FROM THE DATE AN ORGANIZATION APPLIES FOR VOTING RIGHTS) MUST HAVE EXCEEDED THREE-HUNDRED THOUSAND DOLLARS ($300,000.00) WITH DOCUMENTATION OF SUCH EXPENDITURES; (D)TIMELY PAYMENT OF MEMBERSHIP FEES OF FIFTY THOUSAND DOLLARS ($50,000.00) OR OTHER AMOUNT AS SET BY THE BOARD; AND (A)FOR ALL LEVEL ONE MEMBERS ONLY: I.NATIONAL BUSINESS (AT LEAST DOING MEDICAL FACTORING BUSINESS IN 5 STATES); II.AT LEAST TWENTY-FIVE MILLION DOLLARS ($50,000,000.00) IN DEPLOYED DOLLARS RELATED TO MEDICAL FACTORING IN THE TWELVE (12) MONTHS PRECEDING THE APPLICATION DATE. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS REVIEWED IN DETAIL BY THE TREASURER FOR ACCURACY AND COMPLETENESS BEFORE IT IS PRESENTED TO ALL OF THE DIRECTORS AND FILED WITH THE INTERNAL REVENUE SERVICE. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION DID NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC DURING THE TAX YEAR. |
| FORM 990, PART IX, LINE 11G | CONSULTING FEES 138,105. |
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