Southeastern Healthcare Foundation Inc

“The organization's officers are compensated by Shands Teaching Hospital and Clinics, Inc., a related tax-exempt organization. The language below explains the process undertaken by Shands Teaching Hospital and Clinics, Inc. to review officer compensation. THE TOTAL COMPENSATION PACKAGE OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL WAS ESTABLISHED, APPROVED AND REVIEWED internally and presented to THE ORGANIZATION'S INDEPENDENT COMPENSATION COMMITTEE OF THE BOARD OF directors. THIS PROCESS WAS LAST UNDERTAKEN IN June 2024 AND WAS DOCUMENTED IN THE MINUTES OF THE EXECUTIVE COMPENSATION COMMITTEE MEETING. DUE TO THE FACT THAT OFFICER COMPENSATION IS DETERMINED BY A RELATED ORGANIZATION, FORM 990 PART VI LINES 15A AND LINE 15B ARE INTENTIONALLY ANSWERED "NO" IN ACCORDANCE WITH THE IRS INSTRUCTIONS TO THE FORM 990.”

“The organization's members include shands teaching hospital and clinics, inc. And university of florida.”

“SOUTHEASTERN HEALTHCARE FOUNDATION, INC. SERVES AS A SUPPORTING ORGANIZATION FOR ITS TWO MEMBER ORGANIZATIONS, SHANDS TEACHING HOSPITAL AND CLINICS, INC. ("STHC") AND THE UNIVERSITY OF FLORIDA ("UF"). STHC SHALL HAVE A MINIMUM OF THREE REPRESENTATIVES ON THE ORGANIZATION'S BOARD OF DIRECTORS. UF SHALL HAVE THREE REPRESENTATIVES ON THE ORGANIZATION'S BOARD OF DIRECTORS. The directors shall be the individuals who hold the positions below: (a) Chief Executive Officer of STHC (or acting or interim Chief Executive Officer), ex officio, who shall be ex officio Chairman of the Board of the Corporation (Voting) (b) Vice President for Health Affairs of UF (or acting or interim Vice President), ex officio, who shall be ex officio President of the Corporation (Voting) (c) The Dean of the College of Medicine for UF (or acting or interim Dean), ex officio, or his or her designee (Voting) (d) Vice President of Facilities Development of STHC (or acting or interim Vice President), ex officio, or, if there is no Vice President of Facilities Development, such other Vice President of STHC as appointed by the Chief Executive Officer of STHC, who shall be ex officio Secretary of this Corporation (Voting) (e) Vice President of Finance of STHC (or acting or interim Vice President), ex officio, or, if there is no Vice President of Finance, such as other Vice President of STHC as appointed by the Chief Executive Officer of STHC, who shall be ex officio Treasury of this Corporation (Voting) (f) Chief Financial Officer of the College of Medicine of UF (or acting or interim Chief Financial Officer), ex officio (Voting) IN THE EVENT THAT ANY DIRECTOR IS UNWILLING OR UNABLE TO FULFILL THE DUTIES OF DIRECTOR AS DETERMINED BY AT LEAST A 2/3 VOTE OF THE BOARD OF DIRECTORS, THE BOARD OF DIRECTORS MAY REMOVE SUCH DIRECTOR AND A NEW DIRECTOR SHALL BE APPOINTED IN THE FOLLOWING MANNER TO FULFILL THE DUTIES OF THAT POSITION AS STATED HEREIN: (I) IF THE REMOVED DIRECTOR HOLDS ONE OF THE POSITIONS OF STHC DIRECTORS, THE NEW DIRECTOR SHALL BE APPOINTED BY UNANIMOUS VOTE OF THE REMAINING STHC DIRECTORS; AND (II) IF THE REMOVED DIRECTOR HOLDS ONE OF THE POSITIONS OF UF DIRECTORS, THE NEW DIRECTOR SHALL BE APPOINTED BY UNANIMOUS VOTE OF THE REMAINING UF DIRECTORS.”

“Each of the organization's two member organizations, STHC and UF, have the right to three representatives on the organization's Board of Directors. IN THE EVENT THAT ANY DIRECTOR IS UNWILLING OR UNABLE TO FULFILL THE DUTIES OF DIRECTOR AS DETERMINED BY AT LEAST A 2/3 VOTE OF THE BOARD OF DIRECTORS, THE BOARD OF DIRECTORS MAY REMOVE SUCH DIRECTOR AND A NEW DIRECTOR SHALL BE APPOINTED IN THE FOLLOWING MANNER TO FULFILL THE DUTIES OF THAT POSITION AS STATED HEREIN: (I) IF THE REMOVED DIRECTOR HOLDS ONE OF THE POSITIONS OF STHC DIRECTORS, THE NEW DIRECTOR SHALL BE APPOINTED BY UNANIMOUS VOTE OF THE REMAINING STHC DIRECTORS; AND (II) IF THE REMOVED DIRECTOR HOLDS ONE OF THE POSITIONS OF UF DIRECTORS, THE NEW DIRECTOR SHALL BE APPOINTED BY UNANIMOUS VOTE OF THE REMAINING UF DIRECTORS.”

“The organization has no committees with authority to act on behalf of the governing body. Therefore, this question has intentionally been answered "no" in accordance with the IRS instructions to Form 990.”

“The organization uses an external tax advisor to prepare and review the form 990. Prior to filing, the form 990 is reviewed by management and a draft of the complete form 990 is sent to all members of the governing body for review and comment.”

“Annually and as potential Conflicts of Interest arise, the Shands Teaching Hospital and Clinics, Inc. compliance department receives and reviews the information disclosed by Key Staff (Board members, Officers, and Key Employees) regarding conflict of interest issues and, in cooperation with the Legal Department, determines whether disclosures made by the employees would involve conflict of interest issues and how to resolve them, pursuant to Core Policy 01.098.”

“Southeastern Healthcare Foundation, Inc. makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Professional medical services - Total Expense: 9230, Program Service Expense: 9230, Management and General Expenses: , Fundraising Expenses: ; Purchased air/ground transportation - Total Expense: 82793, Program Service Expense: 82793, Management and General Expenses: , Fundraising Expenses: ; Other purchased services - Total Expense: 1162136, Program Service Expense: 1162136, Management and General Expenses: , Fundraising Expenses: ;”