St Catherine'S Village Inc

“St. Dominic health services, inc. Was the sole member of the village. On 3/31/24, st. Dominic health services inc. Merged into st. Dominic jackson memorial hospital (sdjmh). Sdjmh is now the sole member of the village.”

“The board of directors of the organization's sole member, st. Dominic jackson memorial hospital, has the authority to approve the election of the president/ceo, the chair of the board and the vice-chair of the board of directors of the village and all other directors and officers of the village.”

“The reserved power to the member, st. Dominic jackson memorial hospital, are as follows: i. To change philosophy, objectives and purposes of corporation. Ii. To appoint or remove the members of the board of trustees and officers of the corporation. Iii. To amend, alter, modify or repeal the articles of incorporation and bylaws of the corporation. Iv. To authorize merger, consolidation, or affiliation, or participate in joint ventures. V. To dissolve and to distribute assets of the corporation. Vi. To appoint and/or terminate with or without cause the chief executive officer of the corporation. Vii. To acquire, purchase, sell, lease, transfer, or encumber any immovable property on behalf of the corporation. Viii. To add to or incur long-term debt in excess of $5 million by the corporation. Ix. To appoint the fiscal auditor for the corporation. X. To approve any increment or addition to the capital debt or efforts to renegotiate, modify or charge the existing capital debt obligations of the corporation. Xi. To approve the annual operating and capital budgets of the corporation. Xii. To approve a strategic business plan of the corporation.”

“After preparation and review of form 990 by kpmg llp, the taxpayer's tax advisors, one or more members of senior management reviews the return. A copy of the form 990 is provided to the organization's governing body before it is filed with the irs.”

“Directors and officers receive a copy of the policy and form for reporting each year at the first meeting. Forms are reviewed by the president and any conflicts shared with the board chair. Persons with conflicts of interests abstain from any decisions where the conflict exists.”

“Our board of directors designates an executive committee made up of independent board members to review and set the compensation annually of our officers and key employees. The executive committee obtains and relies upon comparable data including industry-wide compensation information provided by an outside consulting firm. The executive committee reviews compensation packages and appropriate compensation is determined and approved. The basis for determination is then documented by the executive committee. The compensation for the ceo of st. Catherine's village is set by the compensation committee of fmol health sytem inc. (a related tax-exempt organization) according to their pay practices which are similar to those described above.”

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

“Purchased services: program service expenses 2,580,581. Management and general expenses 1,116,834. Fundraising expenses 0. Total expenses 3,697,415. Other fees: program service expenses 341,987. Management and general expenses 148,007. Fundraising expenses 0. Total expenses 489,994.”

“Capital transfers 31,754,827. Capital reserve adjustment -172,637.”

“St. Catherine's village, inc. Is making the election under treas. Reg. Section 1.263(a)-3(n) to capitalize the repair and maintenance costs that it treats as capital improvements on its books and records for the tax year ended june 30, 2024.”

“St. Catherine's village, inc. Hereby makes the de minimis safe harbor election under section 1.263(a)-1(f) of the treasury regulations, effective only for the tax year ending june 30, 2024. Taxpayer has anapplicable financial statement for the year of the election. This election permits the taxpayer to deduct for tax purposes any item deducted under its book policy that does not exceed $5,000 per invoice (or per item, as substantiated by the invoice) or items having an economic useful life of twelve months or less as described in section 1.263(a)-1(f)(1)(i).”