Peninsula Regional Medical Center Foundation Inc

“Family relationships nevins w. Todd, jr, m.d. And william c. Todd, m.d. Are family members.”

“Members/stockholders tidalhealth, inc. Is the sole corporate member of the foundation.”

“Election of members of governing body in its capacity as the sole corporate member of the foundation, tidalhealth, inc. Has the ability to elect members of the foundation's governing body.”

“Approval of governing body decisions as the sole corporate member, tidalhealth, inc. Also has the ability to approve major expenditures and long-term borrowings of the foundation.”

“Contemporaneous documentation of meetings held/written actions undertaken the governing body of the tidalhealth foundation documents all meeting held. Committees of the foundation also document all meetings held, but do not have authority to act on behalf of the board. Committee chairpersons present resolutions to the governing body for approval.”

“Review process of form 990 the completion of the organization's form 990 has been delegated to the agent of tidalhealth foundation by the president of tidalhealth, inc., the parent corporation. The agent of the foundation is also the chief financial officer of thi. The organization's form 990 is reviewed by the president of thi. A copy of the form 990 was made available to all members of the filing organization's governing body prior to the filing with irs.”

“Monitoring and enforcement of conflict of interest policy a conflict of interest policy has been adopted by the foundation's board of directors/executive committee. The board of directors is required to disclose annually, in writing, any and all interests which they or any immediate family member may have in any business entity which has or seeks a contractual or competitive relationship with the foundation. The board will have the authority to determine if a violation has occurred and whether any interest which should be disclosed should disqualify a director from participating in any specific board discussion or board membership.”

“Process for determining compensation a compensation committee of tidalhealth inc., the sole corporate member of the filing organization, determines the compensation of the president of the organization. The compensation committee uses an independent consultant, compensation surveys, and other organization's form 990 in the determination process and keeps contemporaneous records of decisions made.”

“Availability of documents to public the organization's governing documents, conflict of interest policy, financial statements, and form 990 are available to the public upon request to tidalhealth foundation or the public information office of tidalhealth peninsula regional, inc. At 100 east carroll street, salisbury, md 21801.”

“Organized exclusively for charitable, educational, medical and scientific purposes, including, for such purposes the making of distributions to tidalhealth peninsula regional and tidalhealth nanticoke, not-for-profit, non-stock organizations exempt under section 501(c)(3) of the internal revenue code. More specifically, but not exclusively, its purpose shall include: the raising of contributions, gifts, bequests and other distributions for the benefit of tidalhealth peninsula regional and tidalhealth nanticoke.”

“The filing organization has entered "0" in part v, line 1a and line 2a because the organization's 1099 and w-2 returns are filed by and under the name and ein of tidalhealth, inc., a related entity, under a shared services agreement. Accordingly, the required disclosures related to employees and independent contractors are included on the form 990 of tidalhealth, inc.”