Riverside Healthcare Foundation

“The compensation of the organization's executive director is determined by human resources and approved by the president of riverside medical center, a related tax-exempt organization. This question has been intentionally answered no due to the fact that independent individuals were not involved in the determination and approval process for this position.”

“The ceo is compensated by riverside medical center (rmc), a related tax-exempt organization. Rmc's compensation review process is as follows: riverside medical center's executive total compensation program is governed by the executive committee of the board of directors. The committee is comprised of independent members of the system board who have no personal interest in any executive compensation transactions. The committee governs the system's executive total compensation program for all positions at the level of vice president, and above. Each year the committee engages an independent compensation consultant to assist in determining appropriate compensation of the organization's top management officials. In setting the top management official's compensation, the executive committee relies on recent independent compensation studies that provide compensation data for similarly qualified persons in comparable organizations to support its decision-making process. The committee follows all steps required by the internal revenue service (irs) to qualify for the safe harbor under the intermediate sanctions regulations. The committee adequately documents its compensation determinations and deliberations regarding compensation in the minutes on a timely basis.”

“The sole corporate member of riverside healthcare foundation is riverside health system, a related tax exempt organization.”

“As the sole corporate member, riverside health system has the right to appoint and/or remove members of the governing body.”

“Action on the following matters is reserved exclusively to the member, provided that the corporation may, at its option, make recommendations to the member with respect to any of the following matters: (a) elect and remove, with or without cause, the directors of the corporation; (b) elect and remove the president of the corporation; (c) adopt, amend, restate or repeal the articles of incorporation and bylaws of the corporation; (d) authorize the corporation to engage in, or enter into any transaction providing for the sale, lease, exchange or other disposition of assets of the corporation outside the riverside health system corporate structure in excess of five percent (5%) of its assets, as defined in the corporate bond indenture, in any twelve (12) month period; (e) adopt a plan of dissolution or liquidation of the corporation and distribution of its assets; (f) adopt a plan of merger, consolidation or corporate reorganization involving the corporation other than in the ordinary course of health care operations; (g) authorize any transaction which would result in a change in ownership or control of the corporation; (h) approve the appointment of an independent auditor or the adoption of accounting policies and investment guidelines; (i) adopt capital and operating budgets of the corporation; (j) adopt and execute a strategic plan of the corporation; (k) incur indebtedness in excess of the limits established by the member from time to time; (l) authorize the corporation to make loans in excess of the limits established by the member from time to time; (m) authorize any capital expenditures in excess of limits established by the member from time to time; (n) authorize any donation of assets of the corporation in excess of limits established by the member from time to time; (o) authorize sale, transfer, encumbrance or otherwise dispose of any real property or interest therein or the purchase of any real estate; (p) organize or acquire, or authorize the organization or acquisition of any subsidiary or affiliate of the corporation ("affiliate" shall include any corporation, association, partnership, trust, joint venture, or other entity directly or indirectly controlling, controlled by, or under common control with the corporation); (q) establish policy guidelines and criteria for implementation of the corporation's mission and periodically review and amend the mission statement; (r) approve any policy by the corporation or any action taken by the corporation as to initiation, defense, or settlement of legal or administrative actions in excess of such amounts as shall be established pursuant to corporate policy; (s) modify compensation and benefit policies, with the exception of those involving the president/chief executive officer, which are solely the responsibility of the member's executive committee.”

“The form 990 is reviewed in detail by the organization's management. Subsequent to this review, the form 990 is supplied to all board members prior to filing with the irs.”

“The conflict of interest questionnaires are provided to all interested persons (board members, officers, key employees) annually. Interested persons must read and sign the form to disclose any potential conflicts for the year. If a conflict arises with a board member, the board member is made aware that they must abstain from voting on an issue related to the conflict. The process is monitored by the assistant to the ceo of riverside medical center.”

“Financial statements, governing documents and conflicts of interest policies are not required disclosures pursuant to irc section 6104. Currently, the organization does not make these documents available to the public.”

“Uncollectible Pledges - -34728; Total - -34728;”