The Evangelical Lutheran Good Samaritan Society

“The following officers, board members, and key employees are employees of the evangelical lutheran good samaritan society, and its related organizations. Many of these employees also serve on other related organization boards or have business relationships with each other that span the organization as a whole: patricia camero, javier espinosa, kelby krabbenhoft, bill gassen iii, lisa melby, tabbitha cook, nathan schema, eric vanden hull and randy bury.”

“On january 1, 2019, sanford became the class a corporate member of the evangelical lutheran good samaritan society. At that time, the existing membership of the evangelical lutheran good samaritan society (the "society") became the class b member that retained the ability to recommend members of the society board of directors for appointment by the class a corporate member, sanford. The society board of directors administers the affairs of the society, including budget development and providing advice and consent to sanford in selecting and evaluating the society president. Some actions of the society board of directors require approval of the sanford board of trustees (see part vi, line 7b).”

“The sanford board of trustees appoints the board members for the board of directors of the society.”

“The following actions of the society board of directors must be approved by the sanford board of trustees: (1) approval of the society's annual and long-term strategic plans; (2) approval of the society's annual operating and capital budget and financial forecast; (3) merger, consolidation, dissolution, sale of substantially all of society's assets, or any of the same actions with respect to any society subsidiary to the extent such transaction would represent substantially all of the society's assets; (4) amendment, modification or termination of the articles of incorporation or bylaws.”

“The form 990 is prepared internally by the tax department and reviewed by executive management. An external accounting firm reviews the return. The tax department prepares return highlights and key disclosures for the board of trustees meeting prior to the return filing date. Before the return is filed, a complete copy is provided to the current board of trustees.”

“The annual conflict of interest disclosure process is managed by the chief compliance officer (cco). The cco is responsible for assuring that all completed forms are returned in a timely and complete manner. Conflict of interest questionnaires are sent to system trustees, members of the governing boards of subsidiary entities, officers, and key employees for all entities subject to the irs form 990 filings. The disclosures are summarized for review by the executive committee of the board of trustees, pursuant to policy. This review allows: 1) the board to acquire an awareness of financial relationships of board members and key management employees and can invoke the recusal process on a case-by-case basis if potential conflicts are implicated in board decisions and deliberations, and, 2) gives the board the opportunity to seek additional information and clarification about disclosures to determine potential conflicts of interest, and how to manage them.”

“Sanford as the parent organization does have a process for determining compensation of the persons listed on part vii section a, including a review and approval by independent persons, review of comparability data and contemporaneous substantiation of the deliberation and decision for such compensation. The executive compensation committee of the sanford board of trustees directly engages a nationally recognized independent compensation consulting firm annually to review the total compensation arrangements of the officers and executives of the organization, including the ceo, and to report the findings to them for deliberation and action. The deliberations and actions are recorded in the minutes of the sanford board of trustees. The most recent study was completed in 2020.”

“Although the organization does not maintain a website where the public can access these documents, it would respond individually to any requests or inquiries from the public for these documents.”

“Capital contribution to gss pennington housing lp -3,370,942. Centralization of operating costs -109,011,881. Fair market value adjustment 2,753,100. Sanford-good samaritan community health services, llc liquidation 50,859,757. Capital contribution to heritage -1,669,489. Centralization of investments -151,145,112.”