Ascension Ministry & Mission Fund

“In determining compensation of other officers of the organization, the process performed by ascension health alliance, a related organization, included a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision. The compensation committee of the board engaged an independent compensation consultant to advise the committee with respect to the executive team member. Then the compensation committee reviewed and approved the compensation. In the review of the compensation, the other officer of the organization was compared to individuals in other comparable organizations who hold the same title. During the review and approval of the compensation, documentation of the decision was recorded in the minutes. Ascension health alliance performed all of the above procedures to obtain the rebuttable presumption respecting compensation arrangements (per irc section 4958).”

“Ascension has a number of Subsidiaries, direct and indirect, which are governed by a multitude of management boards. The current governance structure for the Subsidiaries is not aligned with the operations of Ascension and results in duplication of effort by the various boards and the leadership team. In order to streamline the governance structure, Ascension wishes to (a) convert certain of its limited liability companies from being managed by a board of managers to vesting management in the corporate member, and (b) replace the current management boards of certain of its 501(c)(3) entities with Ascension Legal representatives, who will be responsible for ensuring that appropriate books and records are being maintained.”

“Ascension Ministry and Mission Fund has a single corporate member, Ascension Health Alliance.”

“The organization has a single corporate member, Ascension Health Alliance, that has the ability to elect members to the governing body. Ascension Health Alliance supports the Founding Religious Sponsors, by and through Ascension Sponsor.”

“All decisions that have a material impact to the organization's financial information or corporation as a whole are subject to approval by its sole corporate member, Ascension Health Alliance. The following powers are reserved to Ascension Health Alliance: new organizations & major transactions; governing documents; appointments/removals; evaluation; debt limits; strategic & financial plans; assets; system policies & procedures.”

“This question is most appropriately answered "Not Applicable" because the organization does not have committees with the authority to act on behalf of the governing body.”

“Management, including certain officers, works diligently to complete the Form 990 and attached schedules in a thorough manner. Due to timing and changes in organizational roles and responsibilities, system leadership reviewed the return in lieu of the return being provided to the full Board.”

“The organization regularly and consistently monitors and enforces compliance with the conflict of interest policy in that any director, principal officer, or member of a committee with governing board delegated powers, who has a direct or indirect financial interest, must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of the committees with governing board delegated powers considering the proposed transaction or arrangement. The remaining individuals on the governing board or committee will decide if conflicts of interest exist. Each director, principal officer and member of a committee with governing board delegated powers annually signs a statement which affirms such person has received a copy of the conflicts of interest policy, has read and understands the policy, has agreed to comply with the policy, and understands that the organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish its tax-exempt purpose. In addition, the General Counsel of Ascension Health Alliance reviews all conflict of interest disclosures and makes an annual report to the Board on such disclosures.”

“The organization will provide any documents open to public inspection upon request.”

“Amounts paid for the services of Sister Bernice Coreil are paid directly to her religious province; therefore, her compensation on Form 990, Part VII is zero.”

“The organization utilizes an affiliate as the common pay agent. Employees reported in Part VII may have duties that impact multiple related entities. Total average hours worked and compensation and benefits paid are reported. In doing so, if available, a common law employer analysis is used to determine whether the hours and compensation/benefits are reportable as attributable directly to the filing organization or another entity; otherwise, the best available information has been used as the basis for allocations utilized in the reporting.”

“Other Changes - -910;”