United States Catholic Conference

“Fmol health system (an irc section 501(c)(3) organization) is the sole member of franciscan pace, inc.”

“Fmol health system, as the sole member of franciscan pace, inc., retains the power to appoint and remove the members of the board of trustees and officers of franciscan pace, inc.”

“The reserved powers to fmol health system, inc. Are as follows: 1. To change philosophy, objectives and purposes of corporation 2. To appoint or remove the members of the board of trustees and officers of the corporation 3. To amend, alter, modify or repeal the articles of incorporation and bylaws of the corporation 4. To authorize merger, consolidation, or affiliation, or participate in joint ventures 5. To dissolve and to distribute assets of the corporation 6. To appoint and/or terminate with or without cause the chief executive officer of the corporation 7. To acquire, purchase, sell, lease, transfer, or encumber any immovable property on behalf of the corporation 8. To add to or incur long-term debt in excess of $5 million by the corporation 9. To appoint the fiscal auditor for the corporation 10. To approve any increment or addition to the capital debt or efforts to renegotiate, modify or change the existing capital debt obligations of the corporation 11. To approve the annual operating and capital budgets of the corporation 12. To approve a strategic business plan of the corporation.”

“After preparation and review by kpmg, llp, management will review the form 990. A copy of the form 990 is provided to the organization's governing body before it is filed with the irs.”

“Franciscan pace has a comprehensive conflict of interest policy that requires each officer, trustee, board committee member and employee to complete a conflict of interest disclosure statement annually. Completed disclosure forms are reviewed and maintained by the chief compliance officer. If any trustee, board committee member or senior manager has a potential conflict, the executive committee of the board determines whether action needs to be taken and communicates any such action to the individual. A potential conflict of any other employee is reviewed by the ceo or the designee. The executive committee, ceo or designee, as applicable, determines if a conflict of interest exists or creates the appearance of impropriety. If such a determination is made, the individual will be excused from participating in the business decision. During the year, any change to the information in the disclosure statement must be disclosed promptly to the chief compliance officer, who takes appropriate action. The process also requires affirmation from each individual that she/he (a) has received a copy of the conflict of interest policy; (b) has read and understands the policy; (c) has agreed to comply with the policy; and (d) understands that franciscan pace is a charitable organization and that, in order to maintain its federal tax exemption, it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. In addition to the above, franciscan pace provides mechanisms for confidential reporting of compliance issues. These mechanisms include an anonymous hotline and website where individuals may raise issues, seek clarification, and report possible conflicts of interest or other concerns. These reports, including reports of possible conflicts of interest, are reviewed and investigated by the corporate compliance department and appropriate action is taken.”

“The compensation for the ceo of franciscan pace, inc. Is set by the compensation committee of fmol health system, inc. (a related tax exempt organization). The fmolhs board of directors designates the human resources and compensation committee made up of independent members to review and set the compensation annually of pace's ceo. The committee obtains and relies upon comparable data including industry-wide compensation information provided by an outside consulting firm. The committee reviews compensation packages and appropriate compensation is determined and approved. The basis for determination is then documented by the committee.”

“The organization's governing documents, conflict of interest policy and financial statements are available upon request. - section 1.263 (a)-3 (n) elections-book conformity election franciscan pace, inc is making the election under treas. Reg. 1.263 (a)-3(n) to capitalize repair and maintenance costs that it treats as capital improvements on its books and records for the tax year ended june 30, 2023. - section 1.263 (a)-1(f)-election-de minimis safe harbor election franciscan pace, inc hereby makes the de minimis safe harbor election under section 1.263(a)-1(f) of the treasury regulations, effective only for the tax year ending june 30, 2023. Taxpayer has an applicable financial statement for the year of the election. This election permits the taxpayer to deduct for tax purposes any item deducted under its book policy that does not exceed $5,000 per invoice (or per item, as substantiated by the invoice) or items having an economic useful life of twelve months or less as described in section 1.263(a)-1(f)(1)(i). Form 990, part vi, section b, questions 13-14 throughout the year, the organization had a document retention policy and a whistleblower policy in place although they were not approved by the organization's board before june 30, 2023.”

“Medical services: program service expenses 15,231,128. Management and general expenses 8,987. Fundraising expenses 0. Total expenses 15,240,115. Consulting: program service expenses 334,314. Management and general expenses 197. Fundraising expenses 0. Total expenses 334,511.”

“Capital transfers 105,343.”