Gillette Children'S Hospital Foundation

“Members of the Gillette Children's Specialty Healthcare (Hospital) Board are also members of the Gillette Children's Hospital Foundation (Foundation) Board resulting in common control of both entities and the sharing of community oversight, strategic planning, financial oversight, and fundraising responsibilities equally among all board members. The following individuals had a business relationship during the year: Kathy Tune, Marlon Cush, Linda Ireland, Julie Neville, Mitch Bleske, Jodi Capistrant, LaMetrice Dopson, Jeffrey Freyer, Mary Maertens, Patrick Maillet, Anne Meyer, Andrew Thelander, John Liddicoat, Madeleine Gagnon, Barbara Joers”

“Gillette Children's Specialty Healthcare, a Minnesota nonprofit corporation, is the sole member of the Foundation.”

“Gillette Children's Specialty Healthcare, a Minnesota nonprofit corporation, is the sole member of the Foundation and elects all members of the Foundation Board of Directors.”

“Gillette staff, including representatives from finance, legal, communications and administration departments, completed the return and related documentation. Gillette's accounting firm compiled the return. The Foundation President and Gillette Chief Financial Officer reviewed the draft documents before filing. Gillette provided a copy of Form 990 to each member of the governing body before filing. After all reviews were complete, the final return was presented to and approved by the Finance and Investment Committee and the Board of Directors prior to filing.”

“Gillette enforces policies on external professional activities. Gillette employees, officers, volunteers, board members, and medical staff members are expected to disclose all outside activities that involve potential conflicts of interests. Directors must sign a conflict of interest statement acknowledging any potential conflicts related to Gillette. Gillette requires staff members to discuss potential conflicts with their immediate supervisor and with the compliance officer. The disclosure includes a written description of the activity, the extent of the staff member's participation, and the possible duration of the relationship. If a conflict exists, the employee must not engage in the activity.”

“Foundation staff members are employed by Gillette. Gillette is the organization that pays the compensation and has an established process for determining compensation as follows: As directed by the Executive Committee of the Board of Directors, an independent consultant periodically provides the committee with survey data containing recommendations for the President & CEO and other executive salary ranges. The ranges are developed by the external consultant based on Gillette's compensation philosophy, which was developed by the Committee and adopted by the Board of Directors. The compensation philosophy is reviewed regularly. The members of the Committee determine the President & CEO salary and the salary ranges for other executives. The Committee oversees the executive incentive plan, approves incentive plan payouts, and regularly evaluates benefits provided to executives. The external consultant has provided total compensation data for all executives, and the committee has diligently followed the process for establishing a presumption of reasonableness. In addition to the oversight function of executive total compensation, the committee reviews and approves the salary offers for contract and employed physicians, oversees payments under any incentive compensation plans, and evaluates all transactions with "disqualified persons."”

“Gillette posted its annual report and summarized financial statements to its public website. The annual report was also provided to certain outside entities, including the Minnesota Hospital Association and Children's Hospital Association; Children's Miracle Network Hospitals partner organizations; donors; and prospective donors. Email directing to the online annual report was sent to Gillette employees, volunteers, patients, and families. Form 990s are available from the states of Minnesota and Wisconsin, Guidestar.org, and the Internal Revenue Service. Gillette discloses financial statements to bondholders, Minnesota Hospital Association, and the Minnesota Attorney General's office. The governing documents and conflict of interest policy are made available to the public upon request.”