Wakemed Group Return

“There are 42 directors listed on Form 990, part VII; however, 40 is the total number of voting members because Larry Barbour served until May 2017 and was then replaced as Vice Chair by Stephen M. Smith and Kristin G. Replogle served on the WakeMed Property Services board until January 2017 and was replaced by Sonia Barnes in May 2017. FORM 990, PART VII, SECTION A, COLUMN (E) All employees of the subordinate organizations, including those reported on the WakeMed Group Return, are paid by the parent organization, WakeMed.”

“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 carelina medical associates moseley medical group wakemed property”

“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 and 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 compensation practices. The ceo's compensation is approved by the wakemed hospital board.”

“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. Governing documents are available through the Secretary of State's office. The Conflict of Interest policy is available to employees (but is not posted publicly.) The Foundation has a Conflict of Interest policy. Directors sign a statement confirming that they have received, read and understand the policy which is incorporated in the WakeMed Foundation bylaws. Furthermore, directors sign that they have no knowledge of any conflicts of interest.”

“OTHER CHANGES IN NET ASSETS TRANSFERS BETWEEN AFFILIATES 993,051 Intercompany Cash Transfers 84,781,108 Foundation True-Up (554) ------------- TOTAL 85,773,605”