Chs Foundation Inc

“Internal staff prepare the organization's Form 990. Before filing the return with the Internal Revenue Service an external accounting firm, PricewaterhouseCoopers reviews and signs-off on the completed return. This reviewed form is then made available to both the organization's finance committee of the Board of Trustees as well as the full board in the form of electronic (pdf. format) version and hard copy of the return. The organization's CFO subsequently signs the return for either manual or electronic filing by the appropriate due date.”

“Our conflict of interest policy requires all covered persons to annually review the policy and then complete, sign and return the conflicts of interest policy and attestation to the compliance office. The policy requires an on-going disclosure obligation in the event a conflict arises during the year. The following is our process to regularly and consistently monitor and enforce this policy: Compliance identifies all covered persons who must complete the survey and attestation. Compliance verifies that the survey and attestation is distributed to these persons. Compliance verifies that these persons return a fully completed and signed survey and attestation. Compliance reviews each completed and signed survey and attestation to identify all conflicts listed in the document. All conflicts, potential conflicts and incidences of non-compliance are referred to the Chief Compliance Officer. The CCO takes appropriate action to completely resolve all identified conflicts and incidences of non-compliance.”

“WellStar engages the Hay Group to work with the governing board to review and recommend executive compensation. The executive compensation process at WellStar is overseen by a committee of independent trustees, which follows a board-approved executive compensation philosophy. The compensation committee consists of five trustees and the CEO for the system. In committee discussions about the compensation for the chief executive officer, the current or acting CEO will recuse himself/herself from that process but is a non-voting member for discussions of all other officers. The executive committee philosophy empowers the committee to oversee the executive compensation process and administer the executive compensation program on behalf of the full Board of Trustees of WellStar; provided, however, the full Board of Trustees evaluates and approves the compensation of the Chief Executive Officer. The philosophy requires annual disclosure of the committee's actions and decisions to the full board, which it has done. The committee is guided by the board-approved philosophy. Overall, the philosophy is intended to reward for organizational and individual performance. When performance is at a predetermined targeted level, the compensation is intended to be at or around the median of compensation paid to similar positions at similar organizations (the "market"). WellStar's executive compensation philosophy defines the market as being comprised of comparable not-for-profit health care delivery systems, i.e., not-for-profit organizations similar in complexity and scale to WellStar. To assist the committee in fulfilling its duties, the committee engaged the Hay Group to provide market compensation data to compare to the WellStar positions whose compensation the committee oversees. The committee uses this data to provide context when making decisions in administering the compensation program. Accurate minutes of the committee's discussion and decisions are recorded during each committee meeting, and reviewed and approved at the following committee meeting.”

“The organization and its subsidiaries are subject to the open records law in the state of Georgia. Therefore, by law, citizens are permitted to inspect and copy its governing documents, policies and financial statements as may be requested from time to time. Additionally, the organization's Form 990 is made readily available on the Guidestar website. Periodically, the organization publishes its financial performance in the local newspaper for citizens to review, and it also publishes a community benefit report once a year for distribution to the public.”

“As per the articles of incorporation, the sole member of the organization is WellStar Health System, Inc., a GA non-profit corporation. As sole member, WellStar Health System holds certain powers of election and approval in connections with the governing body of the organization. These powers are presented in detail in the company's governing documents which the company makes available to the public upon request.”

“CHS Foundation, Inc. generated no unrelated business income for the reporting period. As a result the attached 990-T shows no activity. If subsequent review of the books reveals any unreported UBI we will file an amended return for the tax period ended June 30, 2014.”

“All compensation amounts reported on Form 990 Part V, Part VII, and Part IX as well as Schedule J represent compensation provided to individuals that provide services to the organization. Likewise, the number of employees reported on Form 990 represent the number of individuals providing services to the organization. All federal employment tax responsibilities for these individuals (including federal employment tax reporting responsibilities) are handled by WellStar Health System, Inc. (EIN 58-1649541).”

“WellStar Health System, Inc. is audited on an annual basis by an outside auditing firm and as part of that audit a consolidated financial statement is issued for all of WellStar Health System, Inc. and its affiliates.”

“FORM 990 PART XI LINE 9 For the reporting period CHS Foundation, Inc. had a change in net assets of ($258,389) related to transfers to affiliates and the allocation of a portion of long term debt for tax exempt bond transactions.”