Kadlec Foundation

“The Sole Voting Member of the Foundation is Kadlec Regional Medical Center, a Washington nonprofit corporation.”

“The Sole Voting Member has the power to ratify the election or appointment of each member of the Board of Trustees and the election of officers. Additionally, the Member has the right to remove any trustee, with or without cause, and shall have the right to ratify removal of a trustee by the Board of Trustees.”

“The following powers are reserved exclusively to the Sole Voting Member: * Amend the Articles of Incorporation and Bylaws of the corporation and to approve any amendments recommended by the Board of Trustees. * Approve the merger, consolidation, or affiliation of the Foundation with another corporation, organization or program, or the dissolution of the Foundation. * Approve the compensation, forms of employment agreements and any amendments for all staff of the corporation. * Approve the annual operating and capital budgets and development and revision for investing funds. * Approve the entry into joint ventures or partnerships. * Approve the encumbrance, lease, sale or other transfer of assets of the corporation with a value of $100,000 or greater. * Approve the execution of any management agreement, or any other contract of the corporation not in the ordinary course of business. * Approve the initiation of litigation or settlement of material litigation in which the corporation is the plaintiff or defendant. * Approve the selection or removal of the corporation's independent auditor or legal counsel.”

“The Form 990 is prepared internally by experienced Providence Health & Services(PH&S) staff and reviewed by the internal PH&S Director of Taxes and external tax advisors. The Board of Directors reviewed the Form 990 prior to filing with the IRS.”

“The Board of Trustees are required to disclose any potential conflict on interests on an annual basis. Board members are asked to declare any conflicts of interest prior to the start of each meeting which will be documented in Board Minutes.”

“Forms 990, Forms 1023, Governing Documents, Conflict of Interest Policy, and Financial Statements are kept in the accounting office at Kadlec Regional Medical Center and are available to anyone upon request.”

“Loss on Uncollectible Pledge -10,849.”

“As a result of the Affiliation with Providence Health & Services, the financial information for Kadlec Foundation is included in the consolidated financial statements of the Providence Health System and under the supervision of the Audit & Compliance Committee. The Providence Health & Services Audit and Compliance Committee assists the Board of Directors with the oversight of the integrity of the System's consolidated financial statements and reporting, the audit process and the System's internal financial controls and policies; compliance with ethical, legal and regulatory standards and requirements; the independence, qualifications and performance of the System's internal and external auditors; the System's investment committee; and informs the Board of Directors of critical risk areas and recommended mitigation.”

“The employees working at Kadlec Foundation are compensated by Kadlec Regional Medical Center EIN# 91-0655392. Therefore, no W-2s are issued by the reporting organization.”

“Volunteers help with the actual event operations and occasionally just prior to and following the day of our three special events each year if set-up and take-down is required. Our three special events are Kidz Dig Rigz, Golf Classic and Celebration of Philanthropy.”

“AFFILIATION AGREEMENTS Effective April 1, 2016, the Health System (Providence Health & Services) entered into a business combination agreement with the Institute for Systems Biology (ISB). The transaction was accounted for as an acquisition under ASC 958-805. On July 1, 2016, Providence Health & Services (PHS) and St. Joseph Health System (SJHS) entered into a business combination agreement, the purpose of which was to better serve both organizations' communities, maintain strong traditions of Catholic healthcare, and provide greater affordability and access to healthcare services. As part of the business combination, PHS and SJHS aligned under a single parent corporation, Providence St. Joseph Health, with a consolidated board of directors and cosponsorship from the public juridic persons Providence Ministries and St. Joseph Health Ministry. SJHS provides a full range of care facilities including 16 acute care hospitals, home health agencies, hospice care, outpatient services, skilled nursing facilities, community clinics, and physician groups spanning California, west Texas, and eastern New Mexico. The results of operations of these entities have been included in the combined statements of operations of the Health System since July 1, 2016, the effective date of the business combination.”