Carenet Inc

“Terry williams, trustee and officer, and bradley clark, officer, have a business relationship for the current tax year.”

“The sole member of the organization is north carolina baptist hospital, a north carolina nonprofit corporation.”

“The number of trustees of the corporation shall be not less than three nor more than ten. The sole member at any annual meeting may by resolution fix the number of trustees to be elected at the meeting, which shall constitute the number of trustees of the corporation until the next annual meeting of the sole member unless the number is changed by action of the sole member or the trustees. The trustees shall be elected by the sole member at any annual meeting of the sole member or at a special meeting of the sole member of which notice of the purpose to elect one or more trustees has been given. The election of trustees shall be a part of the order of business of each annual meeting of the sole member. Trustees may be removed from office at any time with or without cause by the sole member.”

“SEE RESPONSE TO LINE 7A.”

“The filing organization's board of trustees receives a copy of the form 990 with sufficient time to permit review and comment prior to its filing. If modifications are required following such review and comment, the revised form 990 is redistributed to all trustees prior to its filing with the irs, along with a report noting the modifications.”

“The organization requires its officers, trustees and any key employees to review the conflict of interest policy and disclose any potential conflicts of interests annually and as they arise. Any items disclosed are reviewed and managed in accordance with the organization's policy on conflicts of interest.”

“The filing organization does not pay compensation to directors for their effort devoted to the organization. Certain officers and directors are employed by unrelated but affiliated organizations, wake forest university baptist medical center (wfubmc) and charlotte mecklenburg hospital authority (cmha) and the determination of the compensation of such individuals is conducted via the process utilized by the wfubmc board, as follows: the advocate health compensation and benefits committee ("the committee") of the advocate health, inc. Board of directors ("the board") has authority as the wfubmc board delegates to it, for the review and approval of executive compensation. No member of the committee is an employee of wfubmc or the filing organization. The committee relies upon an external, independent compensation consultant retained directly by the committee to provide third-party compensation comparability data for evaluating the competitiveness and reasonableness of executive compensation and benefits programs relative to market practices for similarly situated healthcare organizations. In evaluating compensation, the committee follows corporate governance best practice such as adherence to the company's executive compensation philosophy and review processes; processes to ensure committee member and compensation consultant independence; data from healthcare organizations of comparable size, structure, and complexity; and establishment of the rebuttable presumption of reasonableness, per irs guidelines. Minutes of the deliberations of the committee are maintained in the advocate health, inc. Legal department.”

“The organization's articles of incorporation are available to the public on request and are available on the website of the north carolina secretary of state. The organization's bylaws are not published, but provisions from the bylaws are included as necessary in the organization's policies, and are attached to the form 1023 filed for the organization with the irs, which is publicly available. The conflict of interest policy and financial statements are available to the public on request.”