Kent Hospital Foundation

“Kent county memorial hospital ("kcmh") is the sole member of this organization.”

“Kcmh has the ultimate authority to elect the members of this organization's board of directors.”

“Kcmh determines program objectives of this organization and approves changes to the bylaws of the organization.”

“The form 990 is prepared and reviewed by a professional cpa firm with experience and expertise in both healthcare and not-for-profit tax return preparation. During that process the form 990 is provided to certain members of management for review. A complete and accurate copy of the form 990 is then provided to the board of directors prior to the filing of the form with the internal revenue service.”

“The organization has a written conflict of interest policy and regularly monitors and enforces compliance with that policy. The policy requires that a conflict of interest disclosure form consistent with best governance practices and internal revenue service guidelines be circulated to officers, directors, and key employees annually. If a director discloses an interest that could give rise to a conflict, the director's potential conflict is referred to the board or the committee, which evaluates the conflict and its potential impact on the director's participation on the board or on certain issues that may come before the board. After consultation with counsel, the committee will take action, if appropriate and necessary, to address any such conflict in a manner consistent with the organization's conflict of interest policy.”

“The board of directors of care new england health system ("cne") has a committee of directors known as the cne compensation committee ("the committee"). The committee is responsible for discharging the board's responsibilities regarding the total compensation program for executives and key physicians in conjunction with the kent county memorial hospital president and chief operating officer. The committee at all times conducts itself free from executive management in its decision making process except with respect to decisions relating to the president and chief operating officer which are made in conjunction with the care new england health system chief executive officer. The actions taken by the committee enable the organization to receive the rebuttable presumption of reasonableness for purposes of internal revenue code section 4958 with respect to the total compensation of certain members of the senior management team, including the president and coo. The three factors which must be satisfied in order to receive the rebuttable presumption of reasonableness are the following: 1. The compensation arrangement is approved in advance by an "authorized body" of the applicable tax-exempt organization which is composed entirely of individuals who do not have a "conflict of interest" with respect to the compensation arrangement; 2. The authorized body obtained and relied upon "appropriate data as to comparability" prior to making its determination; and 3. The authorized body "adequately documented the basis for its determination" concurrently with making that determination. The committee is comprised of members of the board of directors each of who are independent and are free from any conflicts of interest. The committee relied upon appropriate comparable data; specifically the committee obtained a written compensation study from an independent firm which specializes in the reviewing of hospital and healthcare system executive compensation and benefits throughout the united states. This study used comparable geographic and demographic market data including but not limited to similarly sized healthcare systems and hospitals, number of licensed beds and net patient service revenue. The committee adequately documented its basis for its determination through the timely preparation of written minutes of the compensation committee meetings during which the executive compensation and benefits were reviewed and subsequently approved. The actions outlined above with respect to the committee and the establishment of the rebuttable presumption of reasonableness applies to certain senior management personnel, including, but not limited to, the president and coo. The compensation and benefits of certain other individuals contained in this form 990 are also reviewed by the care new england health system compensation committee. In addition, the kent county memorial hospital president and coo, with assistance from the organization's human resources department, also review the compensation and benefits of other people included in this form 990 in conjunction with each individual's job performance during the year and is based upon other objective factors designed to ensure that reasonable and fair market value compensation is paid by the organization. Other objective factors include market survey data for comparable positions, individual goals and objectives, personnel reviews, evaluations, self-evaluations and performance feedback meetings.”

“Kent hospital foundation's corporate documents, conflict of interest policy and financial statements are made available to the public by mail upon written request.”

“This organization is an affiliate of care new england health system and affiliates; a tax-exempt integrated healthcare delivery system ("system"). The system includes both for-profit and not for-profit organizations. Certain board of director members, officers and/or directors listed on core form, part vii and schedule j of this form 990 may hold similar positions with both this organization and other affiliates within the system. The hours shown on this form 990 for board members who receive no compensation for services rendered in a non-board capacity, represents the estimated hours devoted per week for this organization. To the extent these individuals serve as a member of the board of directors of other related organizations in the system, their respective hours per week per organization are approximately one hour. The hours reflected on part vii of this form 990, for board members who receive compensation for services rendered in a non-board capacity, paid officers and key employees, reflect total hours worked per week on behalf of the system; not solely this organization.”

“Part vii and schedule j reflect certain board members and officers receiving compensation and benefits from this organization or a related organization. Please note this remuneration was for services rendered as full-time or part-time employees or independent contractors of the organization or a related organization and not for services rendered as a voting member or officer of this organization's board of directors.”

“Other intercompany transfers -166,723.”

“The organization is an affiliate of care new england health system and affiliates, a tax-exempt, integrated healthcare delivery system ("system"). The system's parent entity is care new england health system. An independent big four cpa firm audited the consolidated financial statements of care new england health system and all entities within the system for the years ended september 30, 2016 and september 30, 2015, respectively, and issued a consolidated financial statement with consolidated schedules by entity. An unqualified opinion was issued each year by the independent cpa firm. Care new england health system's audit committee assumes responsibility for oversight of the audit of the system's consolidated financial statements and the selection of an independent auditor.”

“Additional fundraising expenses are reported on kent county memorial hospital, ein: 05-0258896.”