Mayo Clinic Health System-Franciscan Healthcare Foundation-Sparta Inc

“The following individuals are employed by a related organization: grabow, peter j. Hawthorne, kimberly a. Resulting in a business relationship with the following individuals who are associated with the related organization as an officer, director, or trustee: tiggelaar, thomas h. William r. Hoffman and babette rice have a family relationship.”

“Mayo clinic, mayo foundation for medical education and research, and other related companies provide management services to the entire system of entities. Mayo clinic health system-franciscan medical center, inc. Also provides management services on a regional basis that includes the filing organization. Since the entities are related organizations, compensation for the officers, directors, key employees, and highest compensated employees has been disclosed in part vii and schedule j as required.”

“Articles of merger were prepared for mayo clinic health system franciscan healthcare foundation-sparta, inc. Merger with and into mayo clinic health system-franciscan healthcare foundation, inc.”

“The sole corporate member is mayo clinic health system - franciscan healthcare, inc.”

“The governing body is elected by the sole corporate member.”

“The articles of incorporation provide the sole corporate member certain reserved powers in areas such as amendment of articles and bylaws, certain large transactions, and other key decisions. The articles of incorporation may be amended only by the corporate member.”

“The filing organization has no committees with the authority to act on behalf of the board.”

“The form 990 is prepared by mayo corporate tax with assistance from site accounting staff. The tax return goes through two levels of review within the corporate tax unit. It is then reviewed by the chief financial officer and finance staff.”

“Mayo clinic and its affiliates have a comprehensive conflict of interest policy applicable to all of the affiliated entities and to all directors, officers, and employees of those entities. All current and former officers, directors, trustees, key employees and highest compensated employees who we anticipate will be listed on a form 990 are asked to complete an "annual tax and compliance disclosure" form. This information is reviewed by both the corporate tax department and the office of conflict of interest review. All disclosures of current or proposed activity that require action under the policy are the subject of ongoing review and action through the office of conflict of interest review and the conflict of interest review board. Involved individuals are informed of all required action. Many types of relationships that could create conflicts of interest are prohibited. Other types of relationships are permitted subject to compliance with the management plan established by the conflict of interest review board. A common management strategy for permitted activities is to require bilateral recusal and appropriate documentation in the minutes of the mayo clinic (and/or affiliate) and the outside entity. Additional conflict of interest policies and procedures exist for certain entities concerning research contracts and other types of potential conflicts.”

“The filing organization is an affiliate of mayo clinic. Mayo clinic and its affiliates have a coordinated process for reviewing and approving compensation and benefits for physicians, executive and senior administrative leadership, along with allied health staff. In addition to any review and approval that may take place at the local entity or regional level, the following independent approval process occurs annually prior to implementation of the respective compensation increase. The compensation and benefit programs of the executive director was reviewed and approved by the process described below for allied health staff. The administrative subcommittee of the mayo clinic salary and benefits committee initially reviews the compensation and benefit programs for allied health staff not included in another review and approval process. Following review by the administrative subcommittee of the mayo clinic salary and benefits committee, the compensation and benefit programs of these allied health staff are reviewed and approved by the mayo clinic salary and benefits committee followed by the mayo clinic board of governors. This review is based on comparability data (including third-party benchmarking surveys) and the review and approval is documented in the minutes. The salaries and benefit programs of the chief financial officer (cfo) was reviewed and approved by the process described below for senior administrative leadership. The compensation and benefit programs for senior administrative leadership for all campuses, including the mayo clinic health system locations, are reviewed and approved by the mayo clinic board of trustees governance and nominating committee. The mayo clinic board of trustees governance and nominating committee is comprised of nine of the external independent members of the mayo clinic board of trustees. This group reviews and approves the compensation and benefit programs for physicians from all campuses, as well as certain senior administrative and executive leadership (including all persons believed to be disqualified persons). This process establishes acceptable ranges for various positions, levels, and specialties. The committee uses comparability data (including third-party benchmarking surveys) in its review and documents decisions in its minutes.”

“The filing organization's governing documents and financial statements are not available to the public. The conflict of interest policy is available upon request and also on the mayoclinic.org website.”

“In 2014, mayo clinic health system-franciscan healthcare foundation-sparta, inc. Ceased operations and transferred the remaining assets in the amount of $376,767 to mayo clinic health system-franciscan skemp foundation, inc.”

“Transfer of net assets due to merger with mchs-franciscan foundation, inc. -376,767.”

“Disclosure statement related to forms 5713: form 5713 has been filed by the following members of the controlled group: mayo clinic (ein: 41-6011702) mayo foundation for medical education and research (ein: 41-1506440) mayo clinic arizona (ein: 86-0800150) mayo clinic jacksonville (ein: 59-3337028) disclosure statement related to forms 5471: under the constructive ownership rules of irc sections 958(a) and (b), the taxpayer is required to file forms 5471, information return of u.s. Persons with respect to certain foreign corporations, as a category 4 and 5 filer with respect to certain controlled foreign corporations (cfcs). These filing requirements are or will be satisfied through the filing of forms 5471 for these cfcs by other u.s. Taxpayers identified below who have the same filing requirement. Taxpayer name: mayo clinic address: 200 first street sw, rochester, mn 55905 id number of u.s. Tax return with which form 5471 was filed: 41-6011702 irs service center where u.s. Tax return was or will be filed: e-filed taxpayer name: mayo foundation for medical education and research address: 200 first street sw, rochester, mn 55905 id number of u.s. Tax return with which form 5471 was filed: 41-1506440 irs service center where u.s. Tax return was or will be filed: e-filed disclosure statement related to forms 8865: under the constructive ownership rules of irc sections 958(a) and (b), the taxpayer is required to file forms 8865, information return of u.s. Persons with respect to certain foreign partnerships, as a category 2 and 3 filer. These filing requirements are or will be satisfied through the filing of forms 8865 for these partnerships by other u.s. Taxpayers identified below who have the same filing requirement. Taxpayer name: mayo clinic address: 200 first street sw, rochester, mn 55905 id number of u.s. Tax return with which form 8865 was filed: 41-6011702 irs service center where u.s. Tax return was or will be filed: e-filed”