St Dominic Health Services Foundation

“St. Dominic health services, inc. Was the sole member of the foundation. On 3/31/24, st. Dominic health services inc. Merged into st. Dominic jackson memorial hospital (sdjmh). Sdjmh is now the sole member of the foundation.”

“The board of directors of the foundation's sole member, st. Dominic jackson memorial hospital, inc., have the authority to approve the election of the chair of the board, the vice-chair of the board, the president of the foundation, and all other directors and officers of the foundation.”

“The reserved powers to fmol health system, inc. Are as follows: i. To change philosophy, objectives and purposes of corporation. Ii. To appoint or remove the members of the board of trustees and officers of the corporation. Iii. To amend, alter, modify or repeal the articles of incorporation and by laws of the corporation. Iv. To authorize merger, consolidation, or affiliation, or participate in joint ventures. V. To dissolve and to distribute assets of the corporation. Vi. To appoint and/or terminate with or without cause the chief executive officer of the corporation. Vii. To acquire, purchase, sell, lease, transfer, or encumber any immovable property on behalf of the corporation. Viii. To add to or incur long-term debt in excess of $5 million by the corporation. Ix. To appoint the fiscal auditor for the corporation. X. To approve any increment or addition to the capital debt or efforts to renegotiate, modify or change the existing capital debt obligations of the corporation. Xi. To approve the annual operating and capital budgets of the corporation. Xii. To approve a strategic business plan of the corporation.”

“After preparation and review of form 990 by kpmg llp, the taxpayer's tax advisors, one or more members of senior management reviews the return. Governing body is provided a copy of the return electronically prior to the filing date and is given an opportunity to review and provide comments to management.”

“Directors and officers receive a copy of the policy and form for reporting each year at the first meeting of the year. Forms are reviewed by the president and any conflicts shared with the board chair. Persons with conflicts of interests abstain from any decisions where the conflict exists.”

“The foundation does not compensate any officers or employees. All compensation is paid by the foundation's sole member, st. Dominic health services, inc.”

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request. Section 1.263(a)-3(n) election - book conformity election: st. Dominic health services foundation, inc. Is making the election under treas. Reg. 1.263(a)-3(n) to capitalize those repair and maintenance costs that it treats as capital improvements on its books and records for the tax year ended june 30, 2024. Section 1.263(a)-1(f) - de minimis safe harbor election: st. Dominic health services foundation, inc. Hereby makes the de minimis safe harbor election under section 1.263(a)-1(f) of the treasury regulations, effective only for the tax year ending june 30, 2024. Taxpayer has an applicable financial statement for the year of the election. This election permits the taxpayer to deduct for tax purposes any item deducted under its book policy that does not exceed $5,000 per invoice (or per item, as substantiated by the invoice) or items having an economic useful life of twelve months of less as described in section 1.263(a)-1(f)(1)(i).”

“Inspired by the vision of st. Francis and in the tradition of the roman catholic church, we extend the healing ministry of jesus christ to god's people, especially those most in need. We call forth all who serve in this healthcare ministry, to share their gifts and talents to create a spirit of healing - with reverence and love for all of life, with joyfulness of spirit, and with humulity and justice for all those entrusted to our care. We are, with god's help, a healing and spiritual presence for each other and for the communities we are privileged to serve.”

“Capital transfers -113,380.”