South Florida Baptist Hospital Foundationinc

“The filing organization does not directly compensate some of its top management employees; rather compensation is paid by a related organization that follows the compensation policy of the independent compensation committee, appointed by the board of directors. The compensation committee's purpose is to provide oversight for the organization's executive compensation program, review and approve compensation and benefits for all "disqualified persons" subject to the intermediate sanctions regulations issued under section 4958 of the internal revenue code (including the chief executive officer, chief operating officer & chief financial officer, other system and entity executives, and other disqualified persons as defined in the intermediate sanctions regulations (i.e., voting members of the governing body, family members, former officers), and establish the compensation philosophy for all other executives. This committee engages nationally recognized compensation consultants to assist them in review of executive compensation. The compensation consultants provide a review of each vice president and above in the system to determine if that employee's compensation is reasonable when compared against market standards. The data reviewed comes from compensation studies that include comparable compensation for similarly qualified persons in functionally comparable positions at similarly situated organizations. The organization keeps contemporaneous minutes of the compensation committees meetings and decisions. External consultants review compensation every other year, the last review occuring in 2019, but the compensation committee regularly monitors compensation and all other procedures are followed annually.”

“See narrative for part vi, line 15a”

“JACK PEACOCK, RAYMOND L. CLIBURN - Family relationship, SHERRIE MUELLER, W.D. MCGINNES JR., RHETT ROLLYSON - Family relationship”

“The sole member of south florida baptist hospital foundation, inc. Is south florida baptist hospital, inc.”

“Directors of the foundation are appointed by the board of trustees of the member, south florida baptist hospital, upon recommendation of the foundation nominating committee.”

“Once the 990 is prepared, it is reviewed by an external tax advisor, the executive director of the foundation and secretary/treasurer prior to filing. After their review, it is shared with the board then filed with the irs.”

“South florida baptist hospital foundation has two separate conflict of interest procedures; one that relates to board members and another that relates to non-board member employees. Both groups are required on an annual basis to complete, sign and file an annual disclosure statement detailing existing or potential conflicts of interest. For board members, the review of conflicts or potential conflicts are conducted by the foundation executive director with input from the baycare compliance officer when required.”

“The organization's financial statements are available through emma for bond investors. The organization's articles of incorporation and amendments thereto are made available to the public by the filing of those documents with the florida department of state and can be located at sunbiz.org. The organization's other governing documents and conflict of interest policy are not made available to the public.”

“(Expenses $ 354,738 including grants of $ 354,738) South Florida Baptist Hospital Foundation also funded an additional $354,738 including the following: ED stretchers; ED EKG machine; Anesthesia machine; Surgical drills; Cath Lab ultrasound and other equipment; Dual channel tourniquets; LifePaks; support for Team Member Emergency Fund which is funded entirely by donations from Team Members; and scholarships for local high school seniors planning to major in the medical field as well as Hospital employees who are choosing to advance their careers by furthering their education.”

“The total number from box 3 of form 1096 is reported by baycare health system, inc, ein 59-2796965, an affiliated organization that processes forms 1099 for its affiliates. Such reporting aligns the form 1096, box 3 reporting to the issuing ein.”

“The executive director's salary is allocated between the foundation and other related organizations. Line 5 reflects the compensation allocated to the foundation.”