Pennock Foundation

“A copy of the form 990 is provided to the board of directors prior to filing. The review process for this form 990 is as follows: 1. Preparation of the return is supervised and reviewed by the organization's corporate tax manager. 2. A second review is performed by an external cpa firm with expertise in tax-exempt return preparation. 3. The return is reviewed by the organization's finance and legal departments and shared with the board of directors. 4. The organization's corporate controller reviews comments or questions received by members of the board of directors, if any, to address or to incorporate, as appropriate, into the return prior to filing.”

“Annual conflict of interest statements are completed by board members. Members are responsible for full disclosure of potential conflicts which are documented in the minutes. Any individual with a conflict of interest must abstain from voting on any relevant items.”

“The form 990, the conflict of interest policy, and the governing documents are made available upon request.”

“Compensation for the top management official and other officers is established and paid for by Pennock Hospital, a related organization. Pennock hOSPITAL uses the following procedure to establish compensation: PENNOCK USES SALARY SURVEYS ALONG WITH HIRING A CONSULTING COMPANY IN ASSISTING WITH SETTING WAGES FOR THE OFFICERS AND KEY EMPLOYEES. THE COMPENSATION COMMITTEE IS COMPRISED OF THREE BOARD MEMBERS TO REVIEW COMPENSATION AND ADVISE THE FULL BOARD OF SALARIES, RAISES, AND BENEFITS. THE MOST RECENT YEAR THIS PROCESS WAS UNDERTAKEN WAS FISCAL YEAR 2015. ALL DISCUSSIONS FROM THE COMPENSATION COMMITTEE ARE DOCUMENTED IN MINUTES.”

“See explanation provided for form 990, part vi, line 15a.”

“Pennock Foundation ceased to exist after 9/30/15 and was merged into the Spectrum Health Foundation, a nonprofit corporation.”

“Management Fees - Total Expense: 2163, Program Service Expense: , Management and General Expenses: 2163, Fundraising Expenses: ; Other - Total Expense: 2338, Program Service Expense: , Management and General Expenses: 2338, Fundraising Expenses: ; Fees and Purchased Services - Total Expense: 16768, Program Service Expense: , Management and General Expenses: 16768, Fundraising Expenses: ; CONTRACTED SERVICES - Total Expense: 105370, Program Service Expense: , Management and General Expenses: 105370, Fundraising Expenses: ;”

“Fund Balance Transfer upon dissolution to Pennock Hospital (EIN: 38-1360562) - -6256828; Integration Adjustment - -82749;”

“Pennock Foundation is part of an integrated healthcare system and in the ordinary course of business, they shared information with the supported organization, Pennock Hospital, related to the type and amount of support provided, the filing of Form 990, and updates made, if any, to the organization's governing documents.”