Georgetown Hospital System

“The board of trustees shall designate from among its members an executive committee, which shall consist of five or more trustees, including the chairman, the vice chairman, the secretary, and the treasurer of the corporation, which executive committee, to the extent provided in a resolution to the board, shall have and exercise the authority of the board of trustees in overseeing or guiding the management of the affairs of the corporation.”

“The corporation shall have members within the meaning of the act. The corporation's members shall be divided into two (2) classes: the class t member and the class m member (collectively, the "members"). Tidelands health holdings ("tidelands parent") shall be the sole class t member (the "class t member") and shall have a seventy (70%) percent membership interest (as defined in membership agreement) as of the effective date, and mainsail health partners ("mainsail") shall be the sole class m member (the "class m member") and shall have a thirty (30%) percent membership interest.”

“The member organizations will appoint the board of directors in relationship to their membership interest. Tidelands health holdings will appoint 70% of the governing body while mainsail health partners will appoint 30% of the governing body.”

“The members will have the following rights: to elect, solely by class the number of trustees, to remove trustees, to initiate the corporation, to initiate the amendment of governing documents, addition of new members, and funding of the corporation”

“The return was prepared by an outside accounting firm with the assistance and oversight of management. A copy of the return was provided to each voting board member. Each member was provided the opportunity to ask questions of the evp & cfo prior to filing.”

“The organization has a conflict of interest policy which is reviewed, accepted, and signed by each officer and voting board member on an annual basis. Pursuant to this policy, each officer and board member will recuse himself or herself from any discussions and votes for which a conflict exists. Determination of whether a conflict exists is made at a management, board member, officer, and individual level. Actual conflicts are reviewed by management and the board without the presence of the interested party.”

“The organization uses outside agencies to establish, assess the reasonableness of, review, and approve the compensation of directors, senior management & physicians. Senior management provides oversight on director compensation, the board compensation committee provides oversight on physician compensation and the ceo provides oversight (with the assistance of the cfo and chro) on senior management compensation. Ceo compensation is evaluated and approved by the full board and board compensation committee. Fair market valuations are completed for all compensation at least annually and monthly compensation meetings are held to review any and all compensation related activities.”

“Photocopies of the form 990 are available upon request at the organization's administrative office. In addition, recent filings of the form 990 are available online at www.guidestar.org.”

“Photocopies of the organization's governing documents, conflict of interest policy, and financial statements are available upon request at the organization's administrative office.”

“Georgetown hospital system, files payroll for itself and two related organizations (georgetown memorial hospital and waccamaw community hospital). The number of employees related to the filing organization is 928.”

“Purchased services: program service expenses 3,449,412. Management and general expenses 6,461,969. Fundraising expenses 0. Total expenses 9,911,381.”

“Equity transfer 43,797,083.”

“The process has not changed from the prior year.”

“The organization did not directly issue any 1099's during the tax period. Georgetown memorial hospital, a related organization, files the forms 1099's for the organization. The number of 1099's reported by georgetown memorial hospital that are related to the organization is 14.”