Pacific Central Coast Health Centers

“For 2018 compensation, the related organization's human resources department conducted an annual review and analysis to provide benchmarking data for the total compensation and benefits package of the top management official, other officers, and key employees. The human resources and compensation committee approves, consistent with the organization's philosophy and principles, the annual performance goals and criteria to be used in determining merit increases and variable compensation criteria for officers and key executives. The human resources and compensation committee also engages outside legal counsel as necessary and qualified independent compensation and benefits specialists (independent experts) to review, analyze and provide benchmarking data for the total compensation and benefits packages of officers and key executives. Appropriate comparable data is obtained from the independent experts, (e.g., total economic benefits paid by similarly situated organizations, both taxable and tax-exempt, for similar job responsibilities). Key deliberations of the committee are documented in meeting minutes which are approved at the next committee meeting and provided to the board of directors. The documentation of the deliberations includes (a) the terms of the transaction approved and the date approved; (b) the members of the committee who were present during discussion of the approved transaction and those who voted on it; and (c) the comparability data obtained and relied upon by the committee and how the data was obtained. Form 990, part vi, section c, line 19 federal tax laws do not mandate that the organization's governing documents, conflict of interest policy and financial statements be made available for public inspection. The organization makes its financial statements available on its website and upon request. Form 990, part vii, section a one or more of the individuals who provide services to the organization as officers or directors are members of a religious congregation. Since all such sisters are subject to vows of poverty, fair market value compensation for their service is paid directly or indirectly to the religious congregation of which they are a member. The non-taxable benefits are paid on behalf of the order. Form 990, part xi, line 9 adjustment of assets and liabilities, net, to fair value pursuant to acquisition accounting; $ (7,521,905)”

“Affiliation of chi and dignity health on february 1, 2019 catholic health initiatives ("chi") and dignity health effected a business combination as discussed in note 1 of commonspirit health's ("commonspirit") audited financial statements as of and for the year ended june 30, 2019. Due to the circumstances of the business combination between chi and dignity health, through the alignment under catholic health care federation ("chcf"), the transaction qualified for acquisition accounting with commonspirit (formerly known as chi) as the accounting acquirer of dignity health. No cash consideration was involved in the affiliation. As part of the affiliation, dignity health caused to transfer eight non-catholic owned community hospitals, non-catholic subsidiary hospitals (including the filing organization), and certain other non-catholic operations to dignity community care. The transfer of these net assets, stepped up to fair value pursuant to the application of acquisiton accounting, is recorded in net assets (see part xi, line 9). Form 990, part vi, section a, line 2 s. Anderson, m. Richardson and c.cova - business relationship form 990, part vi, section a, line 4 on february 1, 2019, dignity health and catholic health initiatives ("chi"), a colorado nonprofit corporation, effected a business combination. On that date, chi changed its name to commonspirit health and became the sole corporate member of dignity health. Commonspirit health is a catholic healthcare system sponsored by the public juridic person, catholic health care federation (chcf"). As part of the alignment, on the effective date of february 1, 2019, dignity health caused to transfer non-catholic owned community hospitals, non-catholic subsidiary hospitals, and certain other non-catholic operations to dignity community care, a colorado nonprofit corporation. The foundation is subject to the governance requirements of the commonspirit health governance matrix. Thus, many key decisions addressed in the bylaws require the foundation to act by making a "recommendation," which is then formally acted on by the dignity community care board. Examples include amending corporate documents, approving members of governing board, approving removal of members of governing board, approval of dissolution and selling or disposing of assets. Form 990, part vi, section a, line 6 effective february 1, 2019, the organization's sole corporate member is dignity community care, a 501(c)(3) exempt organization. Prior to february 1, 2019, the organization's sole corporate member was dignity health, a 501(c)(3) exempt organization. Form 990, part vi, section a, line 7a effective february 1, 2019, dignity community care, as the sole corporate member, ratifies the selection of members and the dignity community care board approves new board members of the foundation. Prior to february 1, 2019, dignity health, as the sole corporate member, ratifies the selection of members and the dignity health board approves new board members of the organization. Form 990, part vi, section a, line 7b reserved rights of the corporate member include adoption of mission and philosophy statements, amendment or restatement of articles of incorporation and bylaws, dissolution of the corporation, acquisition of another corporation, creation of a new subsidiary, merger or consolidation with another corporation, participation as a general or limited partner in any venture, incurring long-term indebtedness in excess of normal operating requirements, ratification of board member appointments and dismissals, selection and removal of independent auditors, and transactions outside the ordinary course of business. Form 990, part vi, section b, line 11a the organization's cfo and director of finance worked closely with an independent accounting firm engaged to review the return. The form 990, excluding compensation information, was provided to the organization's board of directors subsequent to filing with the internal revenu”