Wakemed Group Return

“Carelina medical associates moseley medical group wake county hospital system medical education foundation wakemed faculty physicians wakemed faculty physicians - raleigh cardiology wakemed faculty physicians - carolina cardiology wakemed faculty physicians - hospitalists - cary wakemed faculty physicians - hospitalists - raleigh wakemed faculty physicians - intensivists - raleigh wakemed faculty physicians - pediatric hospitalists/intensivists wakemed faculty physicians - intensivists - cary wake professional associates east square medical plaza wake medical center foundation wakemed property services.”

“appoint members Form 990, Part VI, Line 7A Eight members of the Board are appointed to the Board of Directors by Wake County.”

“persons other than the governing body Form 990, Part VI, Line 7B The Wake County Board of Commissioners holds limited approval over some governing body decisions pertaining to articles of incorporation. The transfer agreement with Wake County indicates approval/consent for transactions pertaining to substantial disposition of assets and covenants of liens.”

“Form 990, Part VI, Line 11B The 990 and schedules are reviewed by the finance committee of the WakeMed Board of Directors and then they recommend approval to the WakeMed Board. A final copy is provided to the WakeMed Board of Directors before filing.”

“interest policy Form 990, Part VI, Line 12C The organization enforces the conflict of interest policy in various ways. Each year members of the WakeMed Board, committees with Board delegated power, the CEO, corporate staff, executive staff, directors and managers are required to complete an submit a conflict of interest questionnaire. These individuals are required to provide written documentation of any potential conflict of interest, identifying material financial interest and/or personal conflicts of interest. Remedial measures implemented to address conflicts include abstention from voting on certain issues, as well as recusal from the decision making process and participation involving the identified issue/area. The code of conduct provides guidance on gifts and travel. Gifts should not be accepted and prior to any travel and lodging paid by a third party, written approval must be obtained from an executive vice-president. Also, employees who own or work in a private business outside of WakeMed are not allowed to recruit or promote their products and services during work hours or through WakeMed printed materials.”

“TOP MGMT OFFICIAL FORM 990, PART VI, SECTION B, LINE 15A & 15B ALL COMPENSATION REPORTED ON PART VII OF THE 990 IS PAID BY WAKEMED HOSPITAL, A COMMON PAYMASTER. WAKEMED HOSPITAL'S HUMAN RESOURCE DEPARTMENT REGULARLY REVIEWS THE COMPENSATION FOR THE CEO, OFFICERS AND KEY EMPLOYEES. THE FACILITY REGULARLY USES AN INDEPENDENT CONSULTING FIRM AS A SOURCE OF COMPENSATION INFORMATION, BENCHMARKING, AND REVIEW TO ENSURE CONSISTENT AND FAIR COMPENSATIONS PRACTICES. THE CEO'S COMPENSATION IS APPROVED BY THE WAKEMED HOSPITAL BOARD. PROCESS FOR MAKING DOCUMENTS AVAILABLE TO THE PUBLIC FORM 990, PART VI, LINE 19 THE 990 IS AVAILABLE BY REQUEST AND IS PUBLISHED ON GUIDESTAR. FINANCIAL STATEMENTS ARE PUBLICLY AVAILABLE THROUGH THE NORTH CAROLINA MEDICAL CARE COMMISSION AS IT RELATES TO TAX EXEMPT DEBT. THE ANNUAL AUDITED FINANCIAL STATEMENTS AND TRANSFER AGREEMENT ARE PROVIDED EACH YEAR TO WAKE COUNTY COMMISSIONERS AND BECOME PUBLIC INFORMATION. COMMISSIONERS AND BECOME PUBLIC INFORMATION. FORM 990, PART VII, SECTION B There are 40 directors Listed on Form 990, Part VII; however, 41 is the total number of voting members because Kristin Replogle served as a trustee for both WakeMed and WakeMed Foundation.”

“Form 990, part xi, line 9 transfers between affiliates 980,983 transfer of fixed assets 208,727 interco cash transfers 671,378 --------- total 1,861,088”