Orange Regional Medical Center Foundation Inc

“The garnet health foundation president is employed and compensated by garnet health, a related organization. Compensation for the garnet health foundation president is determined utilizing a compensation committee made up of independent members of the executive committee of the gh board with input from an independent compensation consultant who reviews compensation surveys, studies and market data. These surveys include healthcare systems with comparable net revenue and geographic regions. A full review of all executive team salaries, including the garnet health foundation president was performed in 2022 for the 2023 calendar year by our compensation consultant (sullivan cotter) and presented to the gh compensation committee. Any changes in compensation were reviewed and approved by the committee and documented in the committee minutes.”

“No other officers of the garnet health foundation receive compensation.”

“Except as otherwise prohibited by the npcl, the executive committee may exercise the powers of the board of directors, provided such action is not inconsistent with the provisions of the garnet health foundation certificate of incorporation, these bylaws, or any law or statute governing the garnet health foundation. Any action taken by the executive committee shall be reported fully to the board of directors at the next regular or special meeting of the board.”

“Garnet health an organization exempt from income tax under irc section 501(c)(3) is the sole member of garnet health foundation.”

“Garnet health as sole member, must approve any amendments to the foundation's certificate of incorporation or bylaws, and any merger, consolidation, reorganization, or non-judicial dissolution of the foundation.”

“The form 990 is reviewed by an independent accounting firm. The final draft return is reviewed by members of executive management, the corporate compliance officer, and the audit and compliance committee of the garnet health board of directors. A copy of the form 990 is provided to all voting members of the board of directors prior to submission to the internal revenue service.”

“As a participant in the garnet health system, garnet health foundation is subject to the garnet health conflict of interest (coi) policy which applies to all management personnel, inclusive of directors, managers and supervisors, committee members, trustees and all employees who are in a position to influence any substantive business decision by the organization or any entity controlled by the organization. The organization has adopted garnet health's corporate compliance program to ensure that all of its business practices are in compliance with applicable civil and criminal laws, rules and regulations. The conflicts policy requires management and covered employees to read and understand the policy and review it at least annually in order to be alert to situations that could create a conflict of interest or otherwise be contrary to garnet health's policy. They are also required annually to sign a conflicts policy disclosure form. The garnet health corporate compliance officer monitors the coi disclosures, and presents any conflicts to the board audit and compliance committee so that any identified individual with a potential conflict is recused from participating in the consideration or determination of the matter. Poa summary of the coi disclosures is produced for the board, as is annual updates to the coi policy.”

“Once a request is made for garnet health foundation's form 990, governing documents, financial statements or conflict of interest policy, a copy is sent to the requesting party through the administration offices of garnet health medical center.”

“PURCHASED SERVICES - Total Expense: 966521, Program Service Expense: 676565, Management and General Expenses: 289956, Fundraising Expenses: ;”