South County Health Foundation

“The south county health foundation does not have any employees. They share employees with south county hospital. The salaries and employee benefits reported in part vii & part ix are reimbursed by the foundation to south county hospital.”

“South county hospital healthcare system and its affiliates (known as south county health (sch)) has policies and procedures adopted by all entities in the system. The form 990 is provided to the organization's audit committee approximately 30 days prior to the filing deadline. The audit committee then reviews the form 990 and provides questions and comments to the organization's accounting department. Before it is filed, a copy of the final form 990, including required schedules, is provided to the members of the board of trustees for review and discussion. With the chairman of the audit committee at a board meeting prior to the filing deadline.”

“Sch has policies and procedures adopted by all entities in the system. Members of the governing body, officers, and key employees are required to complete a conflict of interest statement annually. It is periodically reviewed and discussed at board meetings. If a potential conflict is identified, the board would discuss the item to determine if a conflict exists. If a conflict exists, the individual would recuse themselves from the discussions. All discussions are contemporaneously documented.”

“Sch has policies and procedures adopted by all entities in the system. The board of trustees has the ultimate responsibility to ensure that compensation of the executive leadership of sch reflects the norms established in the industry, rewards and reinforces the values and long-range goals of the system, and upholds the board's responsibility to the community it stewards of the community's assets. On an annual basis, the executive committee performs a compensation review for the ceo. The vice president of human resources does a market analysis of data of ceo positions in comparable hospitals including the use of form 990 of other organizations and compensation surveys. The executive committee reviews the packet of materials including the market review of compensation, a review of ceo goals attainment and other materials relevant to his or her performance. The ceo provides the executive committee suggested compensation for the cmo, cno, and cfo. The executive committee approves all compensation decisions and contemporously documents the discussion.”

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

“Planning, management & fundraising for south county hospital healthcare system and south county home health.”

“Net assets released from restrictions -1,129,278. Change in value of perpetual and charitable remainder trusts 1,468,362.”

“Financial statements and reporting the organization's audit committee is responsible for selecting an independent accountant to audit the organization's financial statements and for overseeing the audit of the organization's financial statements.”