Mymichigan Medical Center Tawas Foundation

“In determining the compensation of the organization's ceo, the process, performed by ascension health, a related organization of st. Joseph health system foundation included a review and approval by independent persons, comparability data and contemporaneous substantiation of the deliberation and decision. The compensation committee reviewed and approved the compensation. In the review of the compensation, the ceo was compared to individuals at other organizations in the area who hold the same title. During the review and approval of the compensation, documentation of the decision was recorded in the committee minutes. The individual was not present when his compensation was decided. The executive committee of the board of directors in conjunction with the intermediate sanctions compliance policy of st. Mary's of michigan medical center, a related organization of st. Joseph health system foundation, is responsible for determining the compensation of other officer of the organization. The process includes a market analysis of comparable healthcare positions from other organizations of comparable size, complexity, and business activity. During the review and approval of the compensation, documentation of the decision was recorded in the board minutes.”

“St. Joseph Health System Foundation has a single corporate member, St. Joseph Health System, Inc.”

“St. Joseph Health System Foundation has a single corporate member St. Joseph Health System, Inc., who has the ability to elect members to the governing body of the St. Joseph Health System Foundation.”

“All decisions that have a material impact to St. Joseph Health System Foundation's financial information or corporation as a whole are subject to approval by its sole corporate member, St. Joseph Health System, Inc.”

“Management, including certain officers, works diligently to complete the Form 990 and attached Schedules in a thorough manner. Prior to filing the return, all board members are provided the Form 990, and management team members are available to answer any board members questions.”

“The organization regularly and consistently monitors and enforces compliance with the conflict of interest policy in that any director, principal officer, or member of a committee with governing board delegated powers, who has a direct or indirect financial interest, must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of the committees with governing board delegated powers considering the proposed transaction or arrangement. The remaining individuals on the governing board or committee will decide if conflicts of interest exist. Each director, principal officer and member of a committee with governing board delegated powers annually signs a statement which affirms such person has received a copy of the conflict of interest policy, has read and understands the policy, has agreed to comply with the policy, and understands that the organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish its tax- exempt purpose.”

“The organization will provide any documents open to public inspection upon request.”

“Approximately 4 community volunteers are utilized for the foundation for activities including board, committees and special event activities.”