Providence General Foundation

“Larry Jubie and Harv Jubie have a family relationship.”

“A member of the Board of Directors may be removed at the request of the Board of Directors of Providence Regional Medical Center Everett if the latter, in its absolute discretion, deems such member to be unqualified in any respect, provided no more than one member of the Board shall be removed pursuant to this provision in any one calendar year.”

“The Form 990 is prepared internally by experienced staff of Providence Health & Services - Washington and reviewed by the internal Director of Taxes and external tax advisors. The Foundation Director and signing Officer will review the Form 990 in detail. Once approved, an electronic copy of the Form 990 is emailed to the Board prior to filing with the IRS.”

“All members of the Governing Board respond to and sign a Conflict of Interest Policy Statement at the January Board meeting annually. Members disclose any actual or apparent conflict of interest in the disclosure document and also orally to the other Board members at the annually meeting. Conflicts are noted and members are excused from decision that are in conflict with private interests.”

“It is Providence's intention to make financial information accessible and transparent. Although the filing of Form 990 provides insight into how Providence achieves its Mission, delivers its programs and stewards its finances, deciphering the information directly from Form 990 can be challenging. The following paragraphs provide further information about the process we use to determine compensation for top management, officers and key employees. Providence maintains a network of community ministry boards with responsibility for quality of care oversight, community relations, advocacy and community needs assessments. Providence has a consistent compensation philosophy for all of its employees, including our senior executives. Providence retains an independent consultant each year to review salaries of those in the most significant leadership roles in the organization. Part of the consultant's role is to review an extensive array of compensation surveys of large, not-for-profit health care systems in the United States. Providence is one of the larger health systems in the country, and as such, Providence benchmarks executive compensation against other large, not-for-profit health systems whose revenue is similar to that of Providence. Base salaries for Providence executives are set at the median level of the market, as identified by the independent consultant and reviewed with the Human Resources Committee. Performance incentives allow executives to earn additional compensation if they achieve specific organizational and individual goals for furthering Providence operating principles & advancing the Providence Mission and core values, meeting benchmarks for charity care, achieving quality targets, delivering top-rated customer satisfaction, meeting employee satisfaction goals and reaching financial performance objectives. Providence's process for executive compensation fully complies with IRS standards and mirrors the best practices recommended in the "Report to Congress and the Nonprofit Sector on Governance, Transparency, and Accountability" submitted to the Senate Finance Committee by the Panel on the Nonprofit Sector. Based on the above principles and guidelines, an annual salary review is handled by the HR Department of Providence Regional Medical Center Everett.”

“These documents are made available on request through the Business Office.”

“2014 Special Event Expenses (Paid in 2015) -4,670. 2014 Gaming Expenses (Paid in 2015) -3,500. Rounding 1.”

“The Board Treasurer and Finance Committee assists the Board of Directors with the oversight of the integrity of the financial statements and reporting, the audit process and the internal financial controls and policies; compliance with ethical, legal and regulatory standards and requirements; the independence, qualifications and performance of the internal and external auditors; the investment committee; and informs the Board of Directors of critical risk areas and recommended mitigation.”

“The employees working at the Foundation are paid by Providence Health & Services - WA. dba Providence Regional Medical Center Everett. Therefore, no W-2s are issued by the reporting organization.”

“Services provided were in support of various Foundation-related programs and a variety of tasks including: * Special events organizers/support workers * Third-party event volunteers Their service was tied to the following Foundation programs: * The Epicurean Affair (special event) * Festival of Trees (special event) * Friends of Providence Donor Society * Wheels on the Waterfront (special event) * Pink the Rink (special event)”

“Providence General Foundation is affiliated with PH & S - WA. dba Providence Regional Medical Center Everett and provides a majority of its grants to this organization. However, based on the Articles of Incorporation and Bylaws of the Foundation, PH & S - WA. dba Providence Regional Medical Center Everett does not exercise enough control of the Foundation to be considered a related organization. Therefore, no Schedule R is required for the Foundation.”