Healthcare Foundation of Wilson

“A draft of form 990 is provided to the executive director and accountant who review the draft prior to filing with the irs.”

“Once a year, each person is required to review and sign the conflict of interest policy. This is one of the annual modules that must be completed each year. It ensures that employees are familiar with the policy. If there is a conflict of interest, the executive team is notified and a discussion should occur at that time to determine the extent, whether potential or actual. Board members with conflicts are recused from voting.”

“At least every two years, an independent firm is utilized to determine the appropriate compensation for the executive team. The board determined a strategy and guidelines as to what percentile at which they would place salaries for the excutive team. Upon receipt of the independent data, the hr committee of the board reviews the data and determines if any adjustments should be made. This process last took place during 2012.”

“Governing documents, policies and financial statements are available upon request.”

“The wilson medical center, inc. Is amending the 2013 form 990 for the following matters. The first change is to report the chna information on schedule h, part v, lines 1 thru 8c that was previously not reported on the original 2013 form 990. Wilson medical center did participate in a community health needs assessment. The answer to schedule h, part v, line 17 was also changed from "yes" to "no" after reevaluating the question. The third change is to elaborate on the explanation provided on form 990, part iii, line 3; schedule a, part iv; and schedule h, part vi. The fourth change is to report on schedule r, part iii wilson medical center's relationship with dlp wilson holding company, llc. This was not reported previously as wilson medical center owns 20% and is not a managing memeber. However, wilson medical center has contractual control over the llc. Wilson medical center also added dlp wilson medical center, inc and dlp wilmed nursing care & rehabilitation center, inc. To schedule r, part iv as dlp wilson holding company, llc owns 100% of both corporations. The last change is the organization's website address. Since filing the original 2013 form 990, the organization's website address has changed and is updated on form 990, page 1, line j.”

“To support programs that foster the delivery, quality, or affordability of health care or health care-related services and to support any activity designed and carried on to serve the general health and well-being of the community. To aid in the instruction and promotion of research and scientific investigation in all branches of medicine and surgery and the general health and well-being of the community. To support any educational activities related to the care of the sick and disabled, the promotion of health and preventative medicine, and the general health and well-being of the community.”

“Effective march 1, 2014, wilson medical center, inc. And wilmed generations, inc. Entered into an agreement with dlp healthcare, llc to form a joint venture, dlp wilson holding company, llc, that would operate the hospital and nursing home previously owned and operated by wilson medical center, inc. And wilmed generations, inc. Wilson medical center, inc. Ceased directly providing health care services after february 28, 2014, and is providing medical services indirectly through the joint venture. Effective october 1, 2014, wilson medical center, inc. Changed its name to healthcare foundation of wilson (the "foundation"). The governing documents of the joint venture require that the joint venture operate the hospital in a manner as to satisfy the charitable purposes generally required of hospitals recognized as exempt under section 501(c)(3) of the code, including that the hospital accept medicare and medicaid patients, maintain an emergency department that accepts all patients regardless of their ability to pay, adopt the charity care policies utilized by wilson medical center, inc. Prior to the transfer of the hospital to the joint venture, and comply with the requirements of section 501(r) of the code regarding charity care and financial assistance policies and the conducting of community health needs assessments. The governing documents of the joint venture include provisions which provide the foundation, through its representatives on the governing body of the joint venture, with the power to enforce compliance with these charitable hospital requirements. Wilson medical center, inc. Was also a "public hospital" pursuant to chapter 131e, article 2, of the north carolina general statutes (the "public hospital statutes"). The public hospital statutes at the time of the creation of the joint venture required that any transfer of a public hospital facility must be made to a corporation, and the public hospital statutes did not permit the transfer of a public hospital facility to a limited liability company. With the creation of this joint venture in mind, the north carolina general assembly passed a technical corrections statute which enabled the transfer of a public hospital facility to be made to a limited liability company as well as to a corporation. The effective date of the north carolina general assembly's change to the public hospital statute was october 1, 2014, which was after the creation of the joint venture. In order to comply with the requirements of the public hospital statute at that time, the hospital facility was transferred to dlp wilson medical center, inc., which was wholly owned by the joint venture, with the intention that dlp wilson medical center, inc., would be converted to a limited liability company after the enactment of the north carolina general assembly's technical correction to the north carolina public hospital statutes, and the conversion was completed effective on december 31, 2014. After the conversion of dlp wilson medical center, inc., to a limited liability company, it was treated as a disregarded entity for federal tax purposes, and the joint venture is treated as operating the hospital directly. The north carolina public hospital statutes also require that the joint venture, as the transferee of the public hospital facility, continue to provide the same hospital services, indigent care, financial assistance policies, and medicare and medicaid services as were provided by wilson medical center, inc. Prior to the transfer, and the joint venture is required to provide an annual report that shows compliance with this requirement. Failure to comply with this requirement will cause the hospital facility to revert to wilson county.”

“Transfer of assets/liabilities from wilmed healthcare foundation 1,984,180. Transfer of equity from wilmed generations, inc. 2,900,584.”

“This process has not changed from the prior year.”

“Wilson medical center, inc. Changed its name to the healthcare foundation of wilson on october 1, 2014. The name change was filed with the nc department of the secretary of state and accepted. Therefore, wilson medical center, inc. Is now doing business as healthcare foundation of wilson.”