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CMC MISSOULA INC: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
CMC MISSOULA INC (EIN 81-0247705)
Tax period
2022-07-01 to 2023-06-30
Filed
2023-11-20
IRS object ID
202313249349300316
Schema version
2022v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2023-11-20T13:43:53-06:00ReturnTs
Tax Period End2023-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN410746749PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CLIFTONLARSONALLEN LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1220 S 6TH STREET SUITE 300AddressLine1Txt
CityMINNEAPOLISCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55402ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2022-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN810247705EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CMC MISSOULA INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCMCMBusinessNameControlTxt
Phone4067284100PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 4091AddressLine1Txt
CityMISSOULACityNm
State AbbreviationMTStateAbbreviationCd
ZIP59806ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSCOTT HACKERPersonNm
Person TitleBOARD CHAIRPersonTitleTxt
Phone4067284100PhoneNum
Signature2023-11-20SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstSCOTTPersonFirstNm
Person LastHACKERPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonGREG THELENPreparerPersonNm
PTINP01771735PTIN
Phone6123764500PhoneNum
Preparation2023-11-20PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerSCOTT HACKERPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 4091AddressLine1Txt
CityMISSOULACityNm
State AbbreviationMTStateAbbreviationCd
ZIP59806ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$820,403GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressN/AWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1948FormationYr
Legal Domicile StateMTLegalDomicileStateCd
Activity Or MissionTO PERFORM POST-CLOSING DUTIES AND OBLIGATIONS UNDER THE TERMS OF THE ASSET PURCHASE AGREEMENT.ActivityOrMissionDesc
Voting Members Governing Body4VotingMembersGoverningBodyCnt
Voting Members Independent4VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$260,732PYInvestmentIncomeAmt
CY Investment Income$208,555CYInvestmentIncomeAmt
PY Other Revenue$66,316PYOtherRevenueAmt
CY Other Revenue$569,440CYOtherRevenueAmt
PY Total Revenue$327,048PYTotalRevenueAmt
CY Total Revenue$777,995CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$8,000PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$20,000CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$209,340PYOtherExpensesAmt
CY Other Expenses$88,581CYOtherExpensesAmt
PY Total Expenses$217,340PYTotalExpensesAmt
CY Total Expenses$108,581CYTotalExpensesAmt
PY Revenues Less Expenses$109,708PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$669,414CYRevenuesLessExpensesAmt
Total Assets BOY$10,488,755TotalAssetsBOYAmt
Total Assets EOY$5,989,462TotalAssetsEOYAmt
Total Liabilities BOY$1,121,106TotalLiabilitiesBOYAmt
Total Liabilities EOY$502,442TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$9,367,649NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$5,487,020NetAssetsOrFundBalancesEOYAmt
MissionTO PERFORM POST-CLOSING DUTIES AND OBLIGATIONS UNDER THE TERMS OF THE ASSET PURCHASE AGREEMENT.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$108,581ExpenseAmt
Grant$0GrantAmt
Revenue$0RevenueAmt
DescACTIVITIES IN THE PERIOD SINCE THE SALE OF HOSPITAL OPERATIONS TO REGIONALCARE HOSPITAL PARTNERS IN JANUARY 2015 INCLUDE EXECUTING POST-SALE RESPONSIBILITIES IN ACCORDANCE WITH THE ASSET PURCHASE AND MONITORING AGREEMENTS.Desc
Total Program Service Expenses$108,581TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document9IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members4GoverningBodyVotingMembersCnt
Independent Voting Member4IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of Committees0MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonJAN K PARKS CPAPersonNm
Phone4062400344PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1629AddressLine1Txt
CityMISSOULACityNm
State AbbreviationMTStateAbbreviationCd
ZIP59806ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (4 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
SCOTT HACKER
BOARD CHAIR1.50Yes (X)Yes (X)$3,000$0$0
JAN PARKS
VICE CHAIR1.50Yes (X)Yes (X)$3,000$0$0
BILL JOHNSTON
SECRETARY1.50Yes (X)Yes (X)$3,000$0$0
TANYA ASK
TRUSTEE1.50Yes (X)$3,000$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$12,000TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$250,963TotalRevenueColumnAmt
Exclusion$250,963ExclusionAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$42,408SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities-$42,408SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column-$42,408TotalRevenueColumnAmt
Exclusion-$42,408ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtExclusionExclusionAmt
CONTINGENCY WRITE-OFF812900$519,406$519,406
MEMBER CAPITAL - MHA W812900$50,034$50,034
FieldValueIRS element (for citing)
Other Revenue Total$569,440OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$777,995TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$777,995ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$20,000TotalAmt
Program Services$20,000ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$12,108TotalAmt
Program Services$12,108ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$21,821TotalAmt
Program Services$21,821ProgramServicesAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$26,574TotalAmt
Program Services$26,574ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$252TotalAmt
Program Services$252ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$27,826TotalAmt
Program Services$27,826ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$108,581TotalAmt
Program Services$108,581ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,581,842BOYAmt
EOY$427,367EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$886,966BOYAmt
EOY$4,466EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$876,527BOYAmt
EOY$0EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$7,113,034BOYAmt
EOY$5,527,243EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$30,386BOYAmt
EOY$30,386EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$10,488,755BOYAmt
EOY$5,989,462EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$102,106BOYAmt
EOY$2,442EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,019,000BOYAmt
EOY$500,000EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,121,106BOYAmt
EOY$502,442EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$9,367,649BOYAmt
EOY$5,487,020EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$9,367,649BOYAmt
EOY$5,487,020EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$10,488,755BOYAmt
EOY$5,989,462EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$669,414ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$126,043NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets-$4,424,000OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS Audited0FSAuditedInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
HospitalYes (X)HospitalInd

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescTHIRD PARTY PAYABLEDesc
Amt$500,000Amt
FieldValueIRS element (for citing)
Total Liability$500,000TotalLiabilityAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePAGE 3, PART XFormAndLineReferenceDesc
ExplanationTHE ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE IRC. THE ORGANIZATION FOLLOWS THE GUIDANCE IN THE ACCOUNTING STANDARDS REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE GUIDANCE CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENT(S). THE GUIDANCE FURTHER PRESCRIBES RECOGNITION AND MEASUREMENT OF TAX PROVISIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. THE ORGANIZATION'S INCOME TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL, STATE, AND LOCAL AUTHORITIES. THE ORGANIZATION IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
EXPLANATION OF OPERATIONS - SCHEDULE A, PART I, LINE 3CMC MISSOULA, INC. WAS FORMERLY COMMUNITY MEDICAL CENTER, INC., WHICH WAS A TAX EXEMPT HOSPITAL, UNDER 170(B)(1)(A)(II), OPERATING IN MISSOULA, MT. COMMUNITY MEDICAL CENTER, INC. ENTERED INTO AN ASSET PURCHASE AGREEMENT (APA) IN JANUARY OF 2015 WITH RCHP/BILLINGS MISSOULA, LLC. AS PART OF THE POST-CLOSING ACTIVITY, THE FORMER COMMUNITY MEDICAL CENTER, INC. WAS RENAMED TO CMC MISSOULA, INC. AND RESTATED ITS ARTICLES OF INCORPORATION AND BY-LAWS AS PART OF THAT PROCESS. CMC MISSOULA, INC. IS ORGANIZED TO OPERATE THE CORPORATION AFTER THE SALE OF ITS ASSETS, WHICH INCLUDES THE FIDUCIARY DUTY TO PROVIDE OVERSIGHT AND PRESERVATION OF THE SALE PROCEEDS, DISCHARGING CERTAIN LIABILITIES, COLLECTING OUTSTANDING AMOUNTS OWED, PERFORMING CERTAIN POST-CLOSING DUTIES AS OUTLINED IN THE APA, AND FROM TIME TO TIME TRANSFER FUNDS TO ANOTHER CHARITABLE ORGANIZATION AS APPROVED BY THE MT ATTORNEY GENERAL. THE APA INCLUDES A MONITORING, COMPLIANCE, AND ENFORCEMENT AGREEMENT IN PLACE BETWEEN THE MONTANA ATTORNEY GENERAL'S OFFICE (ATTORNEY GENERAL), CMC MISSOULA, INC. (CMCM), AND THE BUYER, RCHP BILLINGS-MISSOULA, LLC (BUYER). AS PART OF THIS AGREEMENT CMCM IS RESPONSIBLE FOR MONITORING COMPLIANCE WITH THE POST-CLOSING COVENANTS OF THE APA. ADDITIONALLY, THE ATTORNEY GENERAL MUST APPROVE ALL CHANGES TO CMCM'S ARTICLES OF INCORPORATION, BYLAWS, OR CONFLICT OF INTEREST POLICY. THE ATTORNEY GENERAL ALSO HAS THE RIGHT TO APPOINT AN INDIVIDUAL TO HAVE THE AUTHORITY TO ATTEND ALL CMCM BOARD MEETINGS. THE ATTORNEY GENERAL'S MONITOR SHALL SERVE AS A LIASON TO THE ATTORNEY GENERAL REGARDING ALL MATTERS CONSIDERED BY THE BOARD OF CMCM. UPON APPROVAL OF THE ATTORNEY GENERAL CMCM WILL BE DISSOLVED AND ALL OF THE ASSETS, SELLER'S OBLIGATIONS AND COMMITMENTS WILL BE TRANSFERRED TO A CHARITABLE TAX EXEMPT ORGANIZATION. CMCM IS CURRENTLY WORKING WITH THE ATTORNEY GENERAL TO COMPLETE THIS PROCESS AND HOPES TO HAVE IT COMPLETED IN THE NEAR FUTURE.
FORM 990, PART VI, SECTION A, LINE 7BTHE RESTATED ARTICLES OF INCORPORATION AND/OR THE RESTATED BYLAWS MAY BE AMENDED BY A SUPERMAJORITY VOTE OF THE BOARD OF DIRECTORS, BUT ONLY WITH THE APPROVAL OF THE MONTANA ATTORNEY GENERAL AS REQUIRED UNDER THE TERMS OF THE ORGANIZATION'S AGREEMENT DATED JANUARY 9, 2015, WITH THE ATTORNEY GENERAL, WHICH APPROVAL IS REQUIRED FOR TEN (10) YEARS.
FORM 990, PART VI, SECTION A, LINE 8BTHE ORGANIZATION DOES NOT HAVE ANY COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
FORM 990, PART VI, SECTION B, LINE 11BTHE FORM 990 AND RELATED SCHEDULES WAS GIVEN TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL PRIOR TO BEING FILED WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12CANNUALLY, THE BOARD IS REQUIRED TO COMPLETE AND SIGN A CONFLICT OF INTEREST FORM THAT SPECIFICALLY ASKS ABOUT OUTSIDE INTERESTS, OUTSIDE ACTIVITIES, GIFTS, GRATUITIES, AND ENTERTAINMENT, AND INSIDE INFORMATION AND OTHER INTEREST. ON THIS SAME FORM, BOARD MEMBERS MUST ALSO CERTIFY THAT THEY HAVE A CONTINUING RESPONSIBILITY TO OBSERVE AND APPLY THE PROVISIONS OF THE POLICY. THIS CERTIFICATION REQUIRES THAT THEY UPDATE THEIR CONFLICT OF INTEREST FORM SHOULD ANY NEW CONFLICTS DEVELOP. ANY BOARD MEMBER WITH A CONFLICT OF INTEREST MAY NOT VOTE, INFLUENCE, OR PARTICIPATE IN ANY WAY ON ANY MATTER THAT THEY, OR THEIR RELATIVES, HAVE A SUBSTANTIAL INTEREST. THE ANNUAL CONFLICT OF INTEREST FORMS ARE MONITORED BY THE BOARD CHAIR.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST.
FORM 990, PART XI, LINE 9:TRANSFERS TO FOUNDATION -4,424,000.