The Bladen County Hospital Foundation Inc

“The 990 is reviewed by the finance department of the foundation's parent, cumberland county hospital system, inc. The finance department provides a copy of the completed form 990 to the foundation's board of directors prior to filing.”

“The bladen county hospital foundation regularly and consistently monitors and enforces compliance with the conflict of interest policy in that any director, principal officer, or member of a committee with governing board delegated powers, who has a direct or indirect financial interest, must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of the committees with governing board delegated powers considering the proposed transaction or arrangement. The remaining individuals on the governing board or committee meeting will decide if conflicts of interest exist. Each director, principal officer and member of a committee with governing board delegated powers annually signs a statement which affirms such person has received a copy of the conflicts of interest policy, has read and understands the policy, has agreed to comply with the policy, and understands that the organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish its tax-exempt purpose.”

“Executive salaries are determined by a market analysis involving comparability data, industry standards, and local economics. The ceo's salary is a condition of the management agreement between the board of directors and cape fear (see the response to line 3 above). The board has indirect approval over the compensation paid to the ceo through this agreement, and has approval over any additional amounts and increases. Cape fear prepares a compensation study for officers and key employees excluding the ceo and makes the recommendations to the ceo of harnett health system. Those recommendations, including any amounts allocated for raises and incentives, are included in the annual budget process which is approved by the finance commitiee of the board. The process described here was last completed in 2022.”

“Governing documents, conflict of interest policy, and financial statements are not available to the public upon request. Organization's form 990 is open for public inspection, provides financial information, and addresses issues of governance such as the organization's conflict of interest policy and governance documents.”