Park Nicollet Foundation

“The nominees to the board of directors of park nicollet foundation must be approved by the members of the board of directors of park nicollet health services before they stand for election by the foundation board.”

“Highly significant governance decisions as specifically identified in the bylaws, such as incurring debt and dissolution of the corporation, are subject to the approval of the board of directors of park nicollet health services.”

“Park nicollet foundation prepares and compiles the form 990 within the finance department with assistance from individuals in human resources, marketing, legal and operations. Drafts of the form were reviewed by the assistant controller - accounting operations, vice president of finance, chief financial officer, legal department and the park nicollet health services audit and compliance committee and park nicollet foundation's accounting firm. After all reviews were complete; the form 990 was given to each member of the park nicollet foundation board of directors prior to filing the return.”

“At park nicollet foundation all key employees, directors, and officers are asked to complete a standard conflict of interest statement each year. They are also under an ongoing obligation to disclose any new conflicts or potential conflicts as they arise during the course of the year. All conflicts that are discussed at the board of directors' governance committee meeting which meets every other month. The governance committee reviews every potential conflict and discusses the impact of those potential conflicts may have on the organization. If appropriate, a conflict management plan will be implemented that will redue or eliminate the likelihood that the conflict will influence the boards decisionmaking. Governance committee. This may include requiring the conflicted director to recuse him or herself from certian decisionmaking processes.”

“Park nicollet foundation has no employees and does not pay compensation. All officers and key employees are paid by park nicollet health services, park nicollet methodist hospital and park nicollet clinic, related organizations. Any compensation disclosed is paid and determined solely by the related organizations. Therefore, part vi, section b, question 15 is not applicable to park nicollet foundation.”

“Park nicollet foundation's governing documents, conflict of interest policy and financial statements are available to the public upon request. Park nicollet health services, as the parent organization of park nicollet foundation, mails its consolidated audited financial statements to financial institutions, governmental institutions, board members, media representatives, vendors, and the minnesota hospital association (mha). Park nicollet health services discloses quarterly financial statements to bondholders and the mha. The annual audited and quarterly financial statements are also posted at emma.msrb.org. The forms 990 are available upon request or from the state of minnesota or at guidestar.org.”

“Corporate structure, purpose, governance the park nicollet foundation (foundation) is a subsidiary of park nicollet health services (pnhs), a minnesota nonprofit corporation recognized as exempt from federal income tax under internal revenue code ("irc") section 501(c)(3) pnhs is the parent organization to an integrated care system that includes park nicollet methodist hospital (hospital), park nicollet clinic (clinic), park nicollet health care products (products), the foundation and tria orthopeadic center (tria). Pnhs is a nonprofit, integrated care delivery system. It is staffed by nationally recognized hospital and clinic doctors, clinical professionals, nurses and other team members who help patients stay healthy and take care of them when they are sick. Pnhs is part of the family of healthpartners organizations "healthpartners." founded in 1957, healthpartners is an integrated system of health care delivery and health care financing organizations, and is one of the largest consumer-governed organizations in the country. Healthpartners' mission is to improve health and well-being in partnership with our members, patients and community. Healthpartners seeks to transform health care through a relentless focus on the triple aim - providing exceptional experience for the individual, improving the health of the population, and maintaining affordability. Healthpartners includes an array of tax-exempt and taxable organizations with health care activities primarily operating in minnesota and western wisconsin. Healthpartners provides a full range of health care delivery and health plan services, including insurance, patient care, administration and health and well-being programs. Healthpartners health plans serve more than 1.6 million medical and dental members nationwide. Healthpartners medical care system includes more than 1,700 physicians and dentists, six owned hospitals with over 1,000 acute care beds, over 100 owned and leased primary and specialty care medical facilities and 24 dental facilities with practices in minnesota and western wisconsin. Healthpartners also contracts with other primary and specialty medical facilities and dental facilities, physician groups, hospitals and related health care providers located primarily in minnesota and western wisconsin. Healthpartners also provides medical education and training to medical professionals and conducts research and fundraising activities that support the health care delivery system. A complete listing of all organizations within the healthpartners family, and the relationship between them, can be found on schedule r within this 990 return. Detailed information about the community benefit activities and accomplishments of each tax-exempt organization can be found in the individual form 990 return for that organization. Healthpartners is driving change that helps our members and patients live healthier lives. Healthpartners collaborates with other plans, care providers and other community and business organizations in the region and throughout the nation to increase access, create and share quality measures and initiatives, participate in development of public policy, and collaborate in improvements that support the triple aim. Among healthpartners' signature initiatives continuing in 2016 are total cost of care measurements (development of a nationally recognized metric, endorsed by the national quality forum, enabling measurement and incentives based on coordination and evidence-based practices), mental health (reducing stigma, and assuring access to high quality care in the most appropriate settings), children's health (improving child health by promoting early brain development, providing family centered care, and strengthening communities), and sustainability (energy efficiency, waste reduction, and resource management). The foundation's mission is to improve the health and well-being of our patients, families and community through partnerships and philanthropy.”

“Park nicollet foundation derives a portion of its grant revenue from special events fundraisers, therefore, all of the expenses associated with theses special event fundraisers are reported on form 990, part viii. Park nicollet foundation has no employees, thus any other fundraising activity is performed by employees of park nicollet methodist hospital, a related tax exempt organization. These expenses are recorded on the related entity's form 990, part ix.”