Coronado Hospital Foundation

“Coronado hospital foundation ("chf") is operated under a management agreement with sharp healthcare foundation (fein 95-3492461). Per the management agreement, sharp healthcare foundation is tasked with managing the day to day operations of chf including the administration of all policies and procedures. In the event the chf does not have a specific policy that has been adopted by chf's governing body, sharp healthcare foundation administers the policy under which it is governed. Sharp healthcare foundation has a written whistleblower policy which has been reviewed and approved by the sharp healthcare foundation governing board. The sharp healthcare foundation written whistleblower policy has been implemented by chf.”

“Coronado hospital foundation ("chf") is operated under a management agreement with sharp healthcare foundation (fein 95-3492461). Per the management agreement, sharp healthcare foundation is tasked with managing the day to day operations of chf including the administration of all policies and procedures. In the event the chf does not have a specific policy that has been adopted by chf's governing body, sharp healthcare foundation administers the policy under which it is governed. Sharp healthcare foundation has a written document retention and destruction policy which has been reviewed and approved by the sharp healthcare foundation governing board. The sharp healthcare foundation written document retention and destruction policy has been implemented by chf.”

“The top management official of coronado hospital foundation is william s. Littlejohn, svp/ceo foundation for sharp healthcare. Sharp healthcare foundation manages coronado hospital foundation under a management services agreement executed in early fiscal 2010. As such, the top management official of coronado hospital foundation is not compensated by the organization.”

“Coronado hospital foundation is operated under a management agreement with sharp healthcare foundation. Per the management agreement, sharp healthcare foundation is tasked with managing the day to day operations of coronado hospital foundation.”

“Coronado hospital foundation membership is comprised of anyone who contributes $1000 or more during the foundation's fiscal year.”

“Members of coronado hospital foundation vote each year to seat the coronado hospital foundation governing board.”

“As outlined in the coronado hospital foundation bylaws, decisions such as changes to the by-laws regarding board members (i.e. Changing the number of directors on the governing board) require approval of coronado hospital foundation members.”

“The final form 990 is sent for review and comment to all members of the governing body. The review process includes multiple levels of review including key corporate and entity finance department personnel comprised of the accounting manager, vice president of finance, senior vice president and chief financial officer, and entity chief financial officer. Additionally, the organization contracts with ernst & young, and an independent accounting firm, for review of the form 990.”

“The conflict of interest policy is distributed annually to the organization's directors, principal officer, and members of committees with board delegated powers. The organization's administrative staff confirms that all annual disclosures are completed and returned. Individuals who find they may have a conflict of interest due to a financial interest or who may not otherwise meet the requirements of the policy, shall immediately make full written disclosure of the nature and details of the potential conflict to the officers, directors and members of committees with board delegated powers considering the proposed transaction or arrangement. After disclosure to the board or committee, of the financial interest and after discussion with the board or committee, the interested person shall leave the board or committee meeting while the determination of a conflict of interest is discussed and voted upon by the remaining board or committee members. The interested person shall take all necessary actions to eliminate the potential conflict or obtain a written acknowledgment of the conflict from the board. Any transaction or arrangement in which an individual has a material interest may only be made by majority vote of the disinterested participants whereby: (i) the transaction or arrangement is in the corporation's best interest and for its own benefit; (ii) the transaction is fair and reasonable to the corporation at the time the corporation entered into the transaction; and (iii) prior to consummating the transaction or any part of thereof, the board authorized or approved the transaction in good faith by a vote of a majority of the directors then in office without counting the vote of the interested person(s), and with knowledge of the material facts concerning the transaction and the director's interest in the transaction, (iv) prior to approval, the board determines, in good faith and after reasonable investigation, that the corporation could not have obtained a more advantageous arrangement with reasonable effort under the circumstances. Any transaction between the corporation and another entity with a common director shall be made only where: (i) the board knew the material facts of the transaction and of the common directorship; (ii) the board, in good faith, approved the transaction without the vote of the common director; and (iii) the transaction is just and reasonable as to the corporation at the time the board approved it. If appropriate, the chairperson of the board or committee may appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement and exercise due diligence to determine whether the corporation can obtain a more advantageous transaction or arrangement with reasonable efforts from a person or entity that would not give rise to a conflict of interest. The disclosures required by this policy shall be made a matter of record in the minutes of the board and all committees with board delegated powers and shall contain: a. The names of the persons who disclosed a financial interest in connection with an actual or potential conflict of interest, the nature of the financial interest, any action taken to determine whether a conflict of interest was present, and the board's or committee's decision as to whether a conflict of interest in fact existed; b. The names of the persons who were present for discussions and votes relating to the transaction or arrangement, the content of the discussion, and a record of any votes taken in connection therewith. A voting member of any committee whose jurisdiction includes compensation matters and who receives compensation, directly or indirectly from the corporation for services, shall be precluded from voting on matters pertaining to that member's compensation. Physicians who receive compensation, directly or indirectly, from the corporation, whether as employees or independent contractors, shall be precluded from membership on a”

“Policies and procedures are considered proprietary information. Financial statements, including form 990, are available upon request. Other governing documents, such as bylaws and articles of incorporation, are available upon request.”

“The corporation is a nonprofit public benefit corporation and is not organized for the private gain of any person. The specific purposes of the corporation are to (i) raise money, solicit donations, and disburse the principal and income therefrom at reasonable, regular intervals for the benefit of the Sharp Coronado Hospital and Healthcare Center, a California nonprofit public benefit corporation which is tax-exempt within the meaning of Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the "Hospital"); (ii) to hold title or a master leasehold interest in the real property (including the buildings) located at 250 Prospect Place, Coronado, California 92118 and used for hospital and related purposes (the real property and buildings are collectively referred to as "Facilities"); (iii) to lease the Facilities to Hospital, which will operate the Facilities for the benefit of the communities served by Hospital; (iv) and to pursue any and all charitable activities related to the foregoing specific purposes.”

“PRIOR TO 1/1/2022 CORONADO HOSPITAL FOUNDATION EMPLOYEES' SALARIES AND WAGES WERE PAID UNDER SHARP CORONADO HOSPITAL AND HEALTHCARE CENTER'S TAX ID NUMBER (EIN 95-0651579), AND AS SUCH WERE ALSO REPORTED ON SHARP CORONADO HOSPITAL AND HEALTHCARE CENTER'S FORM 990. STARTING WITH 1/1/2022 CORONADO HOSPITAL FOUNDATION EMPLOYEES' SALARIES AND WAGES ARE PAID UNDER SHARP HEALTHCARE'S TAX ID NUMBER (EIN 95-6077327), AND AS SUCH ARE ALSO REPORTED ON SHARP HEALTHCARE'S FORM 990. Coronado Hospital Foundation does not directly employ individuals but leases all of its personnel from Sharp HealthCare, a related organization that exercises control over the foundation. These leased employees operate under the direction and supervision of Coronado Hospital Foundation and perform all essential functions necessary for the foundation's operations. Sharp HealthCare, as the common law employer, is responsible for all employment-related obligations, including the payment of wages, withholding and remittance of employment taxes, and the filing of all required federal employment tax returns (e.g., Form 941) under its own Employer Identification Number (EIN). Accordingly, Coronado Hospital Foundation has reported the number of leased employees on Line 2a. However, it answered "No" to Line 2b because it does not file the employment tax returns directly.”

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