Sanford

“The following officers, board members, and key employees are employees of sanford or its related organizations. Many of these employees also serve on other related sanford boards or have business relationships with each other that span the organization as a whole: bill gassen, bill marlette, scott wooten, nick olson, michael lebeau, jennifer grennan, todd schaffer, paul hanson, karka eischens, tiffany lawrence, and matt hocks.”

“The form 990 is prepared internally by the tax department and reviewed by executive management. The tax department prepares return highlights and key disclosures for the executive management team. An external accounting firm reviews and signs the return. Before the return is filed, a complete copy is provided to the current board of trustees.”

“The annual conflict of interest disclosure process is managed by the chief compliance officer (cco). The cco is responsible for assuring that all completed forms are returned in a timely and complete manner. Conflict of interest questionnaires are sent to system trustees, members of the governing boards of subsidiary entities, officers, and key employees for all entities subject to the irs form 990 filings. The disclosures are summarized for review by the executive committee of the board of trustees, pursuant to policy. This review allows: 1) the board to acquire an awareness of financial relationships of board members and key management employees and can invoke the recusal process on a case-by-case basis if potential conflicts are implicated in board decisions and deliberations, and, 2) gives the board the opportunity to seek additional information and clarification about disclosures to determine potential conflicts of interest, and how to manage such.”

“Sanford has a process for determining compensation of the persons listed on part vii, section a. This includes a review and approval by independent persons, review of comparability data and contemporaneous substantiation of the deliberation and decision for such compensation. Sanford engages a nationally recognized independent compensation consulting firm annually to review the total compensation arrangements of the officers and executives of the organization, including the ceo. The executive committee of the board of trustees approves all compensation changes for the ceo in advance, relies on the market data provided by the independent consulting firm in making changes, and documents the basis for any changes in committee minutes.”

“Although the organization does not maintain a website where the public can access these documents, it would respond individually to any requests or inquiries from the public for these documents.”

“Although sanford reported payments to 23 different independent contractors of over $100,000, no 1099s were reported on part v, line 1a. The reason for this is because all forms for 2024 were reported under sanford health (ein 31-1527032).”

“Pursuant to treasury reg section 1.6033-2(d)(5), sanford has elected to report information about contributions, gifts & grants, compensation, and other information about officers, directors, trustees, key employees, former employees, certain other highly paid employees, certain professional contractors, and certain other contractors on a consolidated basis for all of the members of the group, including the parent organization, on the group return, sanford group return, ein 45-3791176.”

“Consulting services: program service expenses 6,240,303. Management and general expenses 542,635. Fundraising expenses 0. Total expenses 6,782,938. Purchased services: program service expenses 2,868,984. Management and general expenses 296,239. Fundraising expenses 0. Total expenses 3,165,223.”

“Payroll and other expenses for related tax exempt entities -165,572,811. Cash from sanford health for pooled investments 108,075,393.”