The Greater Fairbanks Community Hospital Foundation Incorporated

“The foundation has four classes of members, and membership is on an annual basis. The designation of such classes and the qualifications of the members of such classes are as follows: a) general membership. Any individual who is a resident of alaska and who is not a member of the classes set forth in (b)-(c) is eligible for a general memberships in the foundation. (b) facility membership. Any individual, who is an employee of foundation health, and or its subsidiaries or affiliated companies, is eligible for a facility membership in the foundation. (c) medical staff membership. Any individual who is a credentialed member or affiliate of the medical staff of the facilities owned by the foundation and who is not eligible for a facility membership shall be eligible for a medical staff membership in the foundation. (d) associated membership. Any person not eligible for membership in the foundation under (a)-(c) above is eligible for an associate membership in the foundation. Associate membership members may include corporations, unincorporated associations, or other entities. Associate members do not have any rights of general membership.”

“Each class member in good standing shall be entitled to one vote on each matter submitted to a vote for the class, except that associate members have no voting rights of any kind with respect to the foundation. An annual meeting of the members shall be held in may of each year for the purpose of the election of trustees of the foundation, the review of annual reports, and a discussion of foundation business and activites. The affairs of the foundation shall be managed solely by its board of trustees. Trustees must be residents of the state of alaska. The general membership shall elect twenty trustees from the class of general members to serve for three year terms. One trustee shall be elected on behalf of the facility membership. The medical staff shall elect two trustees from the medical staff. The president shall appoint two individuals to serve as trustees for one year terms. A general membership trustee who has served as a trustee for at least twenty-five years shall become an emeritus trustee. An emeritus trustee shall be a lifelong trustee with all rights and privileges of a general membership trustee, including but not limited to voting rights.”

“A copy of the form 990 is sent via email to the finance committee.”

“Each trustee and member of a committee with board-delegated powers is required on an annual basis to sign a statement which affirms that such person: a) has received a copy of the conflicts of interest policy; b) has read and understands the policy; c) has agreed to comply with the policy; d) has disclosed all known actual and possible conflicts of interest involving such person and his/her family; and e) understands that the foundation is a tax-exempt charitable organization and that in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. To ensure that the foundation operates in a manner consistent with its charitable purposes and does not engage in activites that could jeopardize its tax-exempt status, periodic reviews are required to be conducted.”

“The executive committee voted to retain the executive director/general counsel on the terms of the employment agreement proposed by the hiring committee in 2007. Foundation health partner's board of directors' compensation committee monitors senior leadership compensation. The compensation in 2018 was set within the permissible ranges per foundation health partner's human resources department. These ranges are established by the foundation health partner's human resources compensation and benefits team and reviewed annually by the human resources department.”

“The finance committee voted to hire the chief financial officer in 2013. The compensation in 2018 was set within the permissible ranges per foundation health partner's human resources department. These ranges are established by the foundation health partner's human resources compensation and benefits team and reviewed annually by the human resources department.”

“The financial statements are available at the foundation's annual meeting. The financial statements, along with governing documents and the conflict of interest policy, are also available upon request. The financial statements can be accessed via the website for electronic municipal market access http://emma.msrb.org.”

“The greater fairbanks community hospital foundation was established to ensure that we never again face the prospect of a community without health care by: 1) providing outstanding medical facilities and technology 2) overseeing an excellent operator 3) creating an environment that attracts quality, caring physicians who wish to be a part of the community, and 4) creating partnerships to deliver quality patient care.”

“Part v, line 2a & part vii, section a the foundation "employee" payroll occurs through foundation health, llc, a related organization. The foundation reimburses foundation health on a monthly basis its payroll costs related to the individuals who provide services to the foundation. Foundation health is responsible for filing all the required federal payroll reports and issues the w-2's to the employees. Therefore, per part v line 2a the foundation reports zero employees on form w-3 even though part ix line 5, 7, 8, 9 and 10 report payroll costs.”

“Gain from change in fair value derivative 1,698,168 gain on alaska community foundation 11,164 total 1,709,332”