2023-11-14T12:09:43-06:00 2022-12-31 346565596 ERNST & YOUNG US LLP 55 IVAN ALLEN JR BLVD SUITE 1000 ATLANTA GA 30308 990 2022-01-01 581413074 PRESBYTERIAN HOSPITAL FOUNDATION PRES 3362772411 2085 FRONTIS PLAZA BLVD WINSTON SALEM NC 27103 GEOFFREY GARDNER CFO 3367182803 2023-11-14 1 GEOFFREY GARDNER 999009999 0 AERRIAL M ORR P01598400 4048748300 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z NOVANT HEALTH PRESBYTERIAN MEDICAL CENTER FOUNDATION CARL ARMATO 2085 FRONTIS PLAZA BLVD WINSTON SALEM NC 27103 57833997 0 X WWW.SUPPORTNOVANTHEALTH.ORG X 1980 NC SEE SCHEDULE O 29 22 9 59 0 0 10218117 16119572 0 0 10689625 2918265 -72528 -91092 20835214 18946745 27088724 6836875 0 0 684389 721811 0 0 361645 1106164 1001335 28879277 8560021 -8044063 10386724 114547328 90424635 20737310 1103047 93810018 89321588 X SEE SCHEDULE O 0 0 7303188 6836875 0 THE PRESBYTERIAN HOSPITAL FOUNDATION RECEIVES AND ADMINISTERS CHARITABLE CONTRIBUTIONS AND OTHER FUNDS FOR THE BENEFIT OF THE PRESBYTERIAN HOSPITAL AND THE NON-PROFIT TAX-EXEMPT SUBSIDIARIES OF NOVANT HEALTH SOUTHERN PIEDMONT REGION, LLC. THE FUNDS ASSIST THESE ENTITIES IN PROVIDING MEDICAL CARE AS WELL AS EDUCATIONAL AND RESEARCH ACTIVITIES FOR THE BENEFIT OF THE CHARLOTTE MECKLENBURG NC COMMUNITY AND SURROUNDING AREAS. 7303188 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 7 0 1 9 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 29 22 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NC X X WENDI STOCKSTILL 3362772411 2085 FRONTIS PLAZA BLVD WINSTON SALEM NC 27103 JERRY BARRON MD TRUSTEE/ORTHOPAEDIST 0.20 45.00 X 0 1142175 53584 JOHN MCDONALD MD TRUSTEE/CLINICAL PHYSICIAN EXECUTIVE 0.20 45.00 X 0 803046 53697 SIDNEY FLETCHER MD TRUSTEE/SVP CHIEF CLINICAL OFFICER 0.20 50.00 X 0 1019356 151767 TIFFANI JONES MD VICE CHAIR/OBSTETRICIAN/GYNECOLOGIST 0.20 45.00 X X 0 655751 13078 NATALIE ALSTON TRUSTEE 0.20 0.00 X 0 0 0 OLIVER BADGIO TRUSTEE 0.20 0.00 X 0 0 0 WENDY BILAS TRUSTEE 0.20 0.00 X 0 0 0 DARRIN BOLAND TRUSTEE 0.20 0.00 X 0 0 0 JOHN CASHION TRUSTEE 0.20 0.00 X 0 0 0 AYANNA CHANCE TRUSTEE 0.20 0.00 X 0 0 0 JOHN COMLY TRUSTEE 0.20 0.00 X 0 0 0 ELIZABETH CORNELSON-WEISIGER TRUSTEE 0.20 0.00 X 0 0 0 WILLIAM COWAN TREASURER 0.20 0.00 X X 0 0 0 JENNIFER DOYLE SECRETARY 0.20 0.00 X X 0 0 0 ALEX FUNDERBURG PAST CHAIR 0.20 0.00 X X 0 0 0 DAVID GROOMES TRUSTEE 0.20 0.00 X 0 0 0 RICHARD HAGEN TRUSTEE 0.20 0.00 X 0 0 0 EMILY HARRY TRUSTEE 0.20 0.00 X 0 0 0 KATE HATCHER MD CHAIR 0.20 0.20 X X 0 0 0 JOHN HONDROS TRUSTEE 0.20 0.00 X 0 0 0 VONDA HUSS TRUSTEE 0.20 0.00 X 0 0 0 NAT HYDE TRUSTEE 0.20 0.00 X 0 0 0 LUIS LLUBERAS TRUSTEE 0.20 0.00 X 0 0 0 EDGARDO MARTINEZ TRUSTEE 0.20 0.00 X 0 0 0 CHIP NISBET TRUSTEE 0.20 0.00 X 0 0 0 CALDWELL ROSE TRUSTEE 0.20 0.00 X 0 0 0 STONEY SELLARS TRUSTEE 0.20 0.00 X 0 0 0 CHARLOTTE WICKHAM TRUSTEE 0.20 0.00 X 0 0 0 MICHAEL WILES TRUSTEE 0.20 0.00 X 0 0 0 FRED HARGETT EVP & CFO 0.20 50.00 X 0 2355664 61852 DOROTHY CAULKINS SVP FOUNDATIONS 10.00 40.00 X 0 626052 106133 KATHLEEN SPIZZIRRI EXECUTIVE DIRECTOR 50.00 0.00 X 168184 0 27400 NICHOLE BURTON PHILANTHROPY MANAGER 45.00 0.00 X 103985 0 6728 JUSTIN TRAKAS PHILANTHROPY MANAGER 45.00 0.00 X 103105 0 6738 KIMBERLY HENDERSON FMR SVP FOUNDATIONS 0.00 50.00 X 0 911387 133449 JENNIFER CLIFFORD FMR EXECUTIVE DIRECTOR 0.00 50.00 X 0 123431 9744 375274 7636862 624170 3 1 1 0 0 334788 2610 15782174 2478887 16119572 1058799 1058799 40587839 38728373 1859466 1859466 1859466 53975 334788 158879 -104904 -104904 13812 0 13812 13812 18946745 0 0 2827173 6046154 6046154 790721 790721 195584 195584 433554 78040 121394 234120 18921 3406 5298 10217 29770 5359 8336 16075 43982 7917 12315 23750 144397 144397 84083 3430 70363 10290 39572 19786 19786 39541 2328 30226 6987 2487 448 696 1343 340 340 2860 515 801 1544 36833 36833 8083 1455 2263 4365 1816 327 508 981 MISCELLANEOUS 600240 297579 298056 4605 OTHER SUPPLIES 34922 3844 4230 26848 BAD DEBT 4801 4801 DUES AND SUBSCRIPTIONS 1360 245 381 734 8560021 7303188 895188 361645 8059103 3692007 6984956 7124579 887 722081 153919 46245 568162 75952598 71026994 23469008 7978362 34531 34531 114547328 90424635 43259 153305 20694051 949742 20737310 1103047 X 52927828 46188970 40882190 43132618 93810018 89321588 114547328 90424635 X 10386724 -9152182 -5722972 X 0 1 X 1 1 1 X 7634767 8805262 6611957 10218117 16119572 49389675 7634767 8805262 6611957 10218117 16119572 49389675 16400542 32989133 1182378 1345378 1091152 1213578 1058799 5891285 0 2298 3325 0 0 5623 55286583 0.59670 0.67900 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 40882190 8918868 -1348677 154419 5165344 43132618 53985843 10665283 2499897 106361 26162472 40882190 55172066 5725388 1074453 82118 7903946 53985843 52387689 4132661 2180654 151332 3377606 55172066 55217364 3148509 -1058557 208985 4710744 -102 52387689 0.00000 1.00000 0.00000 0 0 530000 530000 190411 152249 38162 1670 1670 0 568162 OTHER SECURITIES 7978362 F 7978362 0 DUE TO AFFILIATES 655420 GIFT ANNUITY LIABILITY 294322 949742 X PART V, LINE 4: PART V, LINE 4 - INTENDED USES FOR ENDOWMENT FUNDS THE ENDOWMENT FUNDS ARE HELD FOR AFFILIATED HOSPITAL SERVICE COSTS RELATED TO VARIOUS CENTERS AT THE ACUTE CARE FACILITIES. ADDITIONAL RESTRICTED SPENDING ENCOMPASSES SCHOLARSHIP PROGRAMS, EMPLOYEES ASSISTANCE PROGRAM, MEDICAL STAFF DEVELOPMENT, PATIENT ASSISTANCE AND OTHER PROGRAMS THAT BENEFIT THE HOSPITAL. PART X, LINE 2: PART X, LINE 2: LIABILITY UNDER FIN 48(ASC 740) FOOTNOTE THE AUDIT FOR NOVANT HEALTH AND ITS AFFILIATES IS PREPARED ON A CONSOLIDATED BASIS. THE COMPANY IS REQUIRED TO EVALUATE UNCERTAIN TAX POSITIONS. THIS EVALUATION INCLUDES A QUANTIFICATION OF TAX RISK IN AREAS SUCH AS UNRELATED BUSINESS TAXABLE INCOME AND THE TAXATION OF OUR FOR-PROFIT SUBSIDIARIES. THIS EVALUATION DID NOT HAVE A MATERIAL EFFECT ON THE COMPANY'S CONSOLIDATED STATEMENTS OF OPERATIONS AND CHANGES IN NET ASSETS FOR THE YEARS ENDED DECEMBER 31, 2022 AND 2021. HEMBY GOLF CLASSIC 234368 188793 45575 34710 24472 26117 5429 PHYSICIAN'S IMPACT FUND 122125 115795 6330 22842 7721 11452 5778 1 32270 30200 2070 19742 616 388763 334788 53975 34710 47314 53580 11452 11823 158879 -104904 1 CARE RING INC 601 E 5TH STREET SUITE 140 CHARLOTTE NC 28202 560621073 501(C)(3) 23214 0 COMMUNITY OUTREACH FORSYTH MEMORIAL HOSPITAL INC 2085 FRONTIS PLAZA BLVD WINSTONSALEM NC 27103 560928089 501(C)(3) 19531 0 TO SUPPORT NH FORSYTH MEDICAL CENTER FOUNDATION FOR THE CAROLINAS 220 NORTH TRYON STREET CHARLOTTE NC 28202 566047886 501(C)(3) 20000 0 COMMUNITY OUTREACH HOPEWAY FOUNDATION 1717 SHARON ROAD WEST CHARLOTTE NC 28210 464510365 501(C)(3) 75000 0 COMMUNITY OUTREACH NOVANT MEDICAL GROUP INC 2085 FRONTIS PLAZA BLVD WINSTONSALEM NC 27103 581728803 501(C)(3) 375574 0 TO SUPPORT NH MEDICAL GROUP NTH DIMENSIONS 22 N MORGAN ST STE 113 CHICAGO IL 60607 272884718 501(C)(3) 24000 0 COMMUNITY OUTREACH PRESBYTERIAN MEDICAL CARE CORP 2085 FRONTIS PLAZA BLVD WINSTONSALEM NC 27103 561376368 501(C)(3) 167452 0 TO SUPPORT NH MATTHEWS MEDICAL CENTER THE PRESBYTERIAN HOSPITAL 2085 FRONTIS PLAZA BLVD WINSTONSALEM NC 27103 560554230 501(C)(3) 5234300 0 TO SUPPORT NH PRESBYTERIAN MEDICAL CENTER VISION TO LEARN 11611 SAN VICENTE BLVD 500 LOS ANGELES CA 90049 453457853 501(C)(3) 40000 0 COMMUNITY OUTREACH NOVANT HEALTH INC 2085 FRONTIS PLAZA BLVD WINSTONSALEM NC 27103 561376950 501(C)(3) 67083 0 TO SUPPORT NH SYSTEM HOSPITALS 10 0 EMPLOYEE EMERGENCY FUND 91 39245 MAMMOGRAMS 478 81537 MEDICATION TO INDIGENT PATIENTS 78 19561 FMV MEDICATION FOR INDIGENT PATIENTS PATIENT ASSISTANCE 37997 116707 369937 FMV PATIENT GIFTS AND WELFARE PATIENT TRANSPORTATION 1313 41815 FMV CAB FARES FOR INDIGENT PATIENTS SCHOLARSHIPS 26 121919 PART I, LINE 2: PART I, LINE 2 : PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS THE FILING ORGANIZATION IS PART OF THE INTEGRATED HEALTHCARE SYSTEM OPERATED BY NOVANT HEALTH, INC. ("NOVANT HEALTH"), THE PARENT ORGANIZATION. NOVANT HEALTH'S BYLAWS AUTHORIZE IT TO ESTABLISH CERTAIN POLICIES FOR ALL OF ITS SUBSIDIARIES WITHIN THE SYSTEM. NOVANT HEALTH HAS ESTABLISHED A SYSTEM-WIDE CORPORATE POLICY WITH STANDARDIZED GUIDELINES THAT ARE TO BE USED IN REVIEWING THE ELIGIBILITY AND SELECTION OF GRANTEES RECEIVING CERTAIN EXEMPT PURPOSE FUNDS. THE FILING ORGANIZATION MAINTAINS DOCUMENTATION OF THE ELIGIBILITY AND SELECTION CRITERIA AND RECORDS OF THE AMOUNTS ARE MAINTAINED VIA THE GENERAL LEDGER. FUNDS ARE GENERALLY NOT TRACKED AFTER BEING GRANTED, AS THE ORIGINAL ELIGIBILITY AND SELECTION CRITERIA HAVE ALREADY BEEN MET. X X X X 1 1 0 1 0 0 0 0 0 0 0 FRED HARGETT EVP & CFO 0 1092939 0 843828 0 418897 0 18300 0 43552 0 2417516 0 7500 JERRY BARRON MD TRUSTEE/ORTHOPAEDIST 0 886717 0 225960 0 29498 0 18300 0 35284 0 1195759 0 0 SIDNEY FLETCHER MD TRUSTEE/SVP CHIEF CLINICAL OFFICER 0 535339 0 323364 0 160653 0 102992 0 48775 0 1171123 0 79238 KIMBERLY HENDERSON FMR SVP FOUNDATIONS 0 493499 0 281252 0 136636 0 105150 0 28299 0 1044836 0 61348 JOHN MCDONALD MD TRUSTEE/CLINICAL PHYSICIAN EXECUTIVE 0 761308 0 18667 0 23071 0 18300 0 35397 0 856743 7500 0 DOROTHY CAULKINS SVP FOUNDATIONS 0 350321 0 229149 0 46582 0 75116 0 31017 0 732185 0 0 TIFFANI JONES MD VICE CHAIR/OBSTETRICIAN/GYNECOLOGIST 0 395718 0 77211 0 182822 0 0 0 13078 0 668829 0 7500 KATHLEEN SPIZZIRRI EXECUTIVE DIRECTOR 162327 0 5362 0 495 0 1830 0 25570 0 195584 0 0 0 JENNIFER CLIFFORD FMR EXECUTIVE DIRECTOR 0 116761 0 6014 0 656 0 7081 0 2663 0 133175 0 0 PART I, LINE 1A FRINGE OR EXPENSE EXPLANATION FIRST-CLASS OR CHARTER TRAVEL: FIRST-CLASS OR CHARTER TRAVEL IS NOT A COVERED TRAVEL EXPENSE FOR EXECUTIVES; THEY ARE LIMITED TO BUSINESS OR COACH CLASS FARES FOR COMMERCIAL FLIGHTS. HOWEVER, CHARTER TRAVEL IS AVAILABLE TO CERTAIN EXECUTIVES, BOARD MEMBERS, AND APPROVED BUSINESS PERSONNEL MEETING APPLICABLE POLICY CRITERIA. TRAVEL FOR COMPANIONS: COMPANIONS ARE ALLOWED ON CERTAIN CHARTER FLIGHTS PAID FOR BY THE ORGANIZATION. IN THAT CASE, THE VALUE OF THE COMPANION'S FLIGHT IS CALCULATED UNDER APPLICABLE TAX LAWS AND THAT AMOUNT IS INCLUDED IN THE EXECUTIVE'S TAXABLE INCOME AS PRESCRIBED BY THE APPLICABLE TAX LAWS. DISCRETIONARY SPENDING ACCOUNT: CERTAIN EXECUTIVES RECEIVE A DISCRETIONARY SPENDING ACCOUNT. THE DOLLAR AMOUNT IN THE ACCOUNT IS PRE-APPROVED BY THE COMPENSATION AND LEADERSHIP COMMITTEE OF THE NOVANT HEALTH BOARD OF TRUSTEES. THE EXECUTIVE MAY DEFER THE AMOUNT TO A RETIREMENT ACCOUNT OR THE AMOUNT IS TREATED AS COMPENSATION AND IS SPREAD OUT OVER THE COURSE OF THE YEAR IN THE EXECUTIVE'S PAYCHECKS AS TAXABLE INCOME. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: WE PROVIDE TEMPORARY HOUSING ALLOWANCES IN CERTAIN EXECUTIVE RECRUITMENT AND RELOCATION PACKAGES. THE VALUE IS CALCULATED UNDER APPLICABLE TAX LAWS AND THAT AMOUNT IS INCLUDED IN THE EXECUTIVE'S INCOME AS PRESCRIBED BY THE APPLICABLE TAX LAWS. PART I, LINE 3 THE FILING ORGANIZATION IS AN INTEGRAL PART OF NOVANT HEALTH, AN INTEGRATED HEALTHCARE SYSTEM AND RELIES UPON NOVANT HEALTH, INC., THE PARENT ORGANIZATION, TO USE THE PROCESS DESCRIBED IN PART VI, LINE 15A/15B OF THIS RETURN TO ESTABLISH COMPENSATION FOR CERTAIN EXECUTIVES. THIS PROCESS ADHERES TO THE REQUIREMENTS SET FORTH TO SECURE THE REBUTTABLE PRESUMPTION OF REASONABLENESS AND INCLUDES A REVIEW AND APPROVAL BY INDEPENDENT AND DISINTERESTED MEMBERS OF A COMPENSATION COMMITTEE, CONSULTATION WITH INDEPENDENT COMPENSATION CONSULTANTS, THE UTILIZATION OF THIRD-PARTY COMPARABILITY DATA SUCH AS PUBLISHED COMPENSATION SURVEYS, AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. PART I, LINE 4B PART I, LINE 4A-C: SEVERANCE, NONQUALIFIED, AND EQUITY-BASED PAYMENTS SEVERANCE NONE NONQUALIFIED SIDNEY FLETCHER $116,446 FRED HARGETT $11,892 KIMBERLY HENDERSON $91,918 TIFFANI JONES $11,394 JOHN MCDONALD $11,949 EQUITY-BASED NONE PART I, LINE 4B SUPPLEMENTAL NONQUALIFIED RETIREMENT PLANS: THE SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN ("SERP") IS INTENDED TO SUPPORT RETENTION OF KEY EXECUTIVES, AND TO OFFER COMPETITIVE TOTAL COMPENSATION. GENERALLY, ANNUAL CONTRIBUTIONS TO THE PLAN OR PAYMENTS TO PARTICIPANTS WILL BE BASED ON A PERCENTAGE OF THE PARTICIPANT'S BASE SALARY AS OF JANUARY 1ST OF THE PREVIOUS PLAN YEAR AND ARE REPORTED IN COLUMN (C) OF SCHEDULE J. PRIOR TO MAKING THE CONTRIBUTIONS OR PAYMENTS, THE NOVANT HEALTH COMPENSATION AND LEADERSHIP COMMITTEE ("COMMITTEE") WILL APPROVE THE AMOUNTS AS TO REASONABLENESS, WHEN COMBINED WITH ALL OTHER ANNUAL COMPENSATION. A 3 YEAR CLASS-YEAR VESTING PERIOD WILL APPLY UP TO AGE 62, WHEN ALL MONEY WOULD BE VESTED AND PAID OUT TO THE PARTICIPANT. OTHERWISE, VESTING WILL OCCUR ON JANUARY 1ST OF EACH YEAR FOR THE APPROPRIATE CLASS-YEAR VESTING PERIOD. THE COMMITTEE REVIEWS, APPROVES, AND OVERSEES ALL ASPECTS AND ALL ELEMENTS OF EXECUTIVE COMPENSATION AND BENEFITS. X 505 COST X 277041 COST X 26 1525073 FMV X 1 530000 COST X 2 19616 COST X FOOD/DRINK 7 106608 COST X UTILITY VEHICLE 1 10500 COST X GIFT CARDS 6 5244 COST X JEWELRY 2 4300 COST 0 0 1 0 PART I, COLUMN (B): REPRESENTS NUMBER OF CONTRIBUTIONS FORM 990, PI, L1: ORGANIZATION'S MISSION OR MOST SIGNIFICANT ACTIVITIES PRESBYTERIAN HOSPITAL FOUNDATION DOING BUSINESS AS NOVANT HEALTH PRESBYTERIAN MEDICAL CENTER FOUNDATION ("THE FOUNDATION") WAS FORMED TO ACCEPT GIFTS, SEEK GRANTS AND INVEST FUNDS TO SUPPORT THE PRESBYTERIAN HOSPITAL DOING BUSINESS AS NOVANT HEALTH PRESBYTERIAN MEDICAL CENTER, DOING BUSINESS AS NOVANT HEALTH HUNTERSVILLE MEDICAL CENTER, AND DOING BUSINESS AS NOVANT HEALTH CHARLOTTE ORTHOPEDIC HOSPITAL, NOVANT HEALTH MINT HILL MEDICAL CENTER AND PRESBYTERIAN MEDICAL CARE CORP. DOING BUSINESS AS NOVANT HEALTH MATTHEWS MEDICAL CENTER AS WELL AS THEIR STRATEGIC PARTNERS PROVIDING HEALTHCARE IN THE COMMUNITY. THE FOUNDATION'S MISSION IS SUPPORTING THE NOVANT HEALTH SYSTEM AND IMPROVING THE HEALTH OF OUR COMMUNITIES, ONE PERSON AT A TIME. NOVANT HEALTH PRESBYTERIAN MEDICAL CENTER FOUNDATION IS AN INTEGRAL PART OF THE NOVANT HEALTH SYSTEM (COLLECTIVELY KNOWN AS "NOVANT HEALTH"), A NOT-FOR-PROFIT INTEGRATED GROUP OF HOSPITALS, PHYSICIAN CLINICS, OUTPATIENT CENTERS AND OTHER HEALTHCARE SERVICE PROVIDERS. NOVANT HEALTH CONSISTS OF OVER 1,800 PHYSICIANS AND OVER 35,000 TEAM MEMBERS WHO MAKE HEALTHCARE REMARKABLE AT MORE THAN 800 LOCATIONS, INCLUDING 15 MEDICAL CENTERS AND HUNDREDS OF OUTPATIENT FACILITIES AND PHYSICIAN CLINICS. HEADQUARTERED IN WINSTON SALEM, NORTH CAROLINA, NOVANT HEALTH IS COMMITTED TO MAKING HEALTHCARE REMARKABLE FOR PATIENTS AND COMMUNITIES PROVIDING NEARLY SIX MILLION PATIENT VISITS ANNUALLY. IN 2022, THE NOVANT HEALTH SYSTEM REPORTED $7.6 BILLION IN REVENUES. GENERAL INFORMATION NOVANT HEALTH PRESBYTERIAN MEDICAL CENTER FOUNDATION EXISTS TO RECEIVE AND ADMINISTER CHARITABLE CONTRIBUTIONS PRIMARILY FOR THE BENEFIT OF NOVANT HEALTH PRESBYTERIAN MEDICAL CENTER, HUNTERSVILLE MEDICAL CENTER, MATTHEWS MEDICAL CENTER, MINT HILL MEDICAL CENTER, CHARLOTTE ORTHOPEDIC HOSPITAL, AND HEMBY CHILDREN'S HOSPITAL TO BENEFIT THE COMMUNITIES THEY SERVE. ALL FUNDRAISING EVENTS HAVE MULTIPLE OBJECTIVES: TO RAISE MONEY AND PROVIDE AN AVENUE FOR PEOPLE IN THE COMMUNITY TO SUPPORT THE HOSPITAL. SPECIAL EVENTS OFFER A CONNECTION TO THE FOUNDATION BY PARTICIPATION, INVOLVEMENT AND CREATING OWNERSHIP IN THE COMMUNITY. NOVANT HEALTH PRESBYTERIAN MEDICAL CENTER FOUNDATION'S BOARD OF TRUSTEES CONSISTS OF COMMUNITY LEADERS AND CITIZENS COMMITTED TO IMPROVING THE LIVES OF OTHERS THROUGH PHILANTHROPY. WORKING TOGETHER, THE FOUNDATION BOARD AND STAFF RECEIVE SUPPORT FROM A VARIETY OF FUNDING SOURCES INCLUDING INDIVIDUALS, CORPORATIONS AND FOUNDATIONS, AS WELL AS THROUGH VARIOUS FUNDRAISING ACTIVITIES. COMMUNITY OUTREACH COMMUNITY OUTREACH IS A CRITICAL COMPONENT TO THE MISSION OF NOVANT HEALTH PRESBYTERIAN MEDICAL CENTER FOUNDATION. THANKS TO THE SUPPORT OF COUNTLESS INDIVIDUALS, FUNDING SOURCES AND COMMUNITY SUPPORT OF FUNDRAISING EVENTS, NOVANT HEALTH PRESBYTERIAN MEDICAL CENTER FOUNDATION IS ABLE TO HELP IMPROVE THE LIVES OF THOSE IN CHARLOTTE, NC AND SURROUNDING COUNTIES IN MANY UNIQUE WAYS. NOVANT HEALTH'S GRANTS ADMINISTRATION TEAM COLLABORATES WITH GRANT FUNDERS AND NOVANT HEALTH CLINICAL AND OPERATIONAL LEADERS TO CONNECT FUNDERS' PASSIONS TO CRITICAL NEEDS, HONORING INTENT AND COMMUNICATING IMPACT. A FEW EXAMPLES OF THIS ARE AS FOLLOWS: 2022 TEMPORARY RESTRICTED DONOR FUNDS: - THANKS TO A GENEROUS GIFT FROM THE MARTIN TRUEX, JR. FOUNDATION, OUR PEDIATRIC ONCOLOGY CLINIC AT HEMBY CHILDREN'S HOSPITAL WILL HAVE A DEDICATED SPACE FOR PEDIATRIC PATIENTS TO RECEIVE INTEGRATIVE THERAPIES. THE SHERRYSTRONG INTEGRATIVE MEDICINE ONCOLOGY CLINIC IS LOCATED IN THE NEW AGNES B. AND EDWARD I. WEISIGER CANCER INSTITUTE AND PROVIDES INTEGRATIVE SERVICES THAT INSPIRE HOPE AND HEALING. THE SHERRY STRONG FUND DIRECTLY SUPPORTED PATIENTS WITH MASSAGE & ACUPUNCTURE THERAPIES AND AROMATHERAPY CLASSES FOR BOTH VIRTUAL AND IN-PERSON PATIENTS. - THE KIWANIS FUND HAD THE OPPORTUNITY TO SUPPORT PATIENTS THROUGH THE PURCHASE OF CAPITAL EQUIPMENT. SOME OF THE EQUIPMENT WILL BE SUPPORTING ICU PATIENTS FOR NEARLY TEN YEARS. EQUIPMENT INCLUDES ITEMS SUCH AS CAR SEATS, CRANIAL HELMETS, A CUSTOMIZED WRIST SPLINT FOR A PEDIATRIC ONCOLOGY PATIENT, AND ADAPTIVE REHABILITATION STROLLERS FOR SPECIAL NEEDS CHILDREN WITH MOBILITY ISSUES. THESE GRANTS WILL SUPPORT HUNDREDS OF PATIENTS AND FAMILIES. - THE UPWARD MOBILITY FUND ASSISTED TEAM MEMBERS WITH EDUCATION TO PROGRESS FROM CNA TO RN. - THE POPULATION HEALTH FUND SUPPORTED PATIENTS IN NEED OF WHEELCHAIR TRANSPORTATION TO AND FROM DOCTOR'S APPOINTMENTS. THE FUND ALSO PROVIDED GRANTS FOR PATIENT PRESCRIPTIONS THROUGH A PARTNERSHIP WITH WALGREENS. 2022 GRANTS: - OUR CANCER INSTITUTE CONTINUES TO GROW THEIR PATIENT POPULATION WITH THEIR EXCELLENT CARE AND AMAZING SAFETY RATINGS. TO ACCOMMODATE THIS GROWTH, THE NOVANT HEALTH PRESBYTERIAN MEDICAL CENTER TEAM IS BRINGING REVOLUTIONARY TECHNOLOGY IN BREAST CANCER DETECTION TO HUNTERSVILLE AND CENTER CITY CHARLOTTE BY ADDING TWO TRIDENT HD SPECIMEN RADIOGRAPHY SYSTEMS TO THE FACILITIES. THIS ADDITION WILL INCREASE PATIENT SATISFACTION BY PROVIDING ACCESS TO CARE IN THE COMMUNITY, DECREASING PATIENT SURGERY TIME, INCREASING THE QUALITY OF BIOPSY SAMPLES AND IMPROVING THE EFFICIENCY OF BREAST CANCER BIOPSIES. - OUR HEART AND VASCULAR INSTITUTE & CANCER INSTITUTE TEAMS HAVE SEEN INCREDIBLE GROWTH IN THE PAST YEAR, INCLUDING AN EXPANSION OF SERVICES IN THE MATTHEWS AREA. ENDOSCOPY ULTRASOUND SCOPES AND THE EPIQ 7 ULTRASOUND SYSTEM SOFTWARE INCREASE PATIENT SATISFACTION BY PROVIDING ACCESS TO CARE IN COMMUNITY. THEY OFFER NEW ENDOSCOPY SERVICES TO MATTHEWS, WHICH WILL INCREASE PATIENT VOLUMES AND ELIMINATE PATIENT TRAVEL TO HVI/CI AT NOVANT HEALTH PRESBYTERIAN MEDICAL CENTER. THIS WILL ENHANCE THE PATIENT EXPERIENCE BY PROVIDING REAL-TIME DIAGNOSIS AND ELIMINATING THE NEED FOR MULTIPLE PROCEDURES. - THE NOVANT HEALTH PRESBYTERIAN MEDICAL CENTER NICU IS EXPERIENCING TREMENDOUS GROWTH. OVER THE PAST FIVE YEARS, THE NEED FOR MEDICAL CARE FOR KIDS IN OUR COMMUNITY HAS GROWN BY 54%. AT NOVANT HEALTH HEMBY CHILDREN'S HOSPITAL, IT IS OUR HONOR TO CARE FOR CHILDREN IN OUR COMMUNITY. THE NICU IS AN ESSENTIAL PART OF THAT CARE. THANKS TO MODERN MEDICINE, BABIES BORN AS EARLY AS 22 WEEKS GESTATIONAL AGE ARE SURVIVING AND GOING ON TO BE LEADERS IN OUR COMMUNITIES. THIS IS ONLY POSSIBLE THANKS TO OUR REMARKABLE TEAM MEMBERS. TO ENSURE MIRACLES HAPPEN IN OUR NICU EVERY DAY, IT TAKES A DEDICATED TEAM. THIS TEAM INCLUDES OUR NEONATOLOGISTS, NURSE PRACTITIONERS, SPECIALLY TRAINED NICU NURSES, CHILD LIFE SPECIALISTS, SOCIAL WORKERS, RESPIRATORY THERAPISTS, AN ENTIRE REHABILITATION TEAM AND OUR ENVIRONMENTAL SERVICES TEAM, WHO ENSURES OUR SPACES REMAIN CLEAN AND SAFE. ABOUT 14% OF ALL BABIES BORN AT NOVANT HEALTH PRESBYTERIAN MEDICAL CENTER WILL NEED SOME NICU SUPPORT AND THE NOVANT HEALTH PRESBYTERIAN MEDICAL CENTER NICU IS NOVANT'S ONLY LEVEL IV NICU IN THE SURROUNDING AREA - RECEIVING TRANSFERS OF THE MOST PREMATURE BABIES FROM OUR OUTLYING COMMUNITIES. AS OUR CARE OF MICRO-PREEMIES CONTINUES TO EVOLVE, THE TEAM KNOWS THESE BABIES NEED TO REMAIN IN HUMIDIFICATION FOR 21 DAYS AND HAS SEEN AN INCREASE IN THE BABIES WHO NEED THIS SUPPORT DUE TO PARTNERSHIP WITH BOTH DAVIS REGIONAL MEDICAL CENTER AND LAKE NORMAN REGIONAL MEDICAL CENTER AND INCREASING TRANSFERS OF MICRO-PREEMIES WHO NEED OUR NICU'S LEVEL OF EXPERT CARE. SIX NEW INFANT HALO BASSINETTES ARE NEEDED TO ACCOMMODATE THIS GROWTH IN SERVING THE OUTLYING COMMUNITIES SURROUNDING CHARLOTTE. - EACH YEAR, MORE PEOPLE ARE DIAGNOSED WITH CANCER AND ARE RECEIVING RADIATION TREATMENT AS PART OF THEIR CARE PLAN. KNOWING THIS, NOVANT HEALTH HAS RECENTLY INVESTED SIGNIFICANTLY IN BRINGING TOP TECHNOLOGY TO SERVE OUR PATIENTS AND OUR COMMUNITY. SURFACE GUIDED RADIATION THERAPY ("SGRT") IS BECOMING INCREASINGLY WIDELY USED FOR ACCURATELY MONITORING A PATIENT'S POSITION THROUGHOUT THEIR ENTIRE RADIATION TREATMENT. SGRT MAKES SURE YOU ARE IN THE RIGHT POSITION, WITH HIGH ACCURACY THROUGHOUT THE DURATION OF TREATMENT DELIVERY. IF A PATIENT MOVES DURING TREATMENT, THE RADIATION CAN BE AUTOMATICALLY PAUSED UNTIL THE PATIENT IS REPOSITIONED WITHIN TREATMENT PARAMETERS, PROVIDING SAFER DELIVERY OF RADIATION AND ALLOWING FOR GREATER PATIENT CARE ACCESS IN OUR OUTLYING COMMUNITIES AS WELL. FORM 990, PI, L1: CONTINUED STATE OF THE ART FACILITIES NOVANT HEALTH HEMBY CHILDREN'S HOSPITAL IS RAPIDLY GROWING TO MEET THE NEEDS OF OUR COMMUNITY. SINCE 2017, THE DEMAND FOR PEDIATRIC SERVICES, INCLUDING SURGERIES, WELL-VISITS AND EMERGENCY DEPARTMENT TREATMENT, HAS GROWN BY 54% AT NOVANT HEALTH HEMBY CHILDREN'S HOSPITAL. WE ARE HONORED TO BE TRUSTED BY FAMILIES TO CARE FOR THEIR CHILDREN. WITH THAT GREAT HONOR COMES GREAT RESPONSIBILITY - RESPONSIBILITY TO PROVIDE THE SAFEST, KINDEST, AND MOST REMARKABLE CARE WE CAN. WE UNDERSTAND HOW IMPORTANT STATE OF THE ART FACILITIES ARE. NOT ONLY DO THEY IMPACT THE PATIENT'S OVERALL EXPERIENCE, BUT THEY ALSO DETERMINE THE EFFECTIVENESS AND SAFETY OF THE CLINICAL WORKFLOW. IN 2022, WE CONTINUED OUR MULTI-PHASE EXPANSION TO ENSURE NOVANT HEALTH HEMBY CHILDREN'S HOSPITAL IS POISED TO MEET THE GROWING NEEDS OF OUR COMMUNITY AND DELIVER REMARKABLE CARE THROUGH CLINICAL EFFICIENCY. PHASE ONE OF THE NOVANT HEALTH HEMBY CHILDREN'S HOSPITAL EXPANSION IS A $10.1 MILLION EXPANSION AND INVOLVES ENHANCED CAPACITY TO CARE FOR PREMATURE BABIES AND DOUBLING DOWN ON OUR COMMITMENT TO BATTLING CHILDHOOD CANCER. PHASE 1A, THE NICU EXPANSION OF 12 NEW BAYS, WAS COMPLETED IN NOVEMBER 2022. COMMUNITY CARE CRUISER SINCE 2007, NOVANT HEALTH'S COMMUNITY CARE CRUISER HAS BEEN HARD AT WORK IMPROVING CHILDREN'S HEALTH BY PROVIDING ACCESS TO PREVENTATIVE CARE. THE COMMUNITY CARE CRUISER HAS A FULLTIME STAFF, INCLUDING A MEDICAL DIRECTOR, NURSING STAFF AND A SOCIAL WORKER. THIS TEAM HAS PROVIDED OVER 20,000 IMMUNIZATIONS, AND OVER 96% OF THOSE SERVED HAVE BEEN KIDS IN UNDERSERVED COMMUNITIES. MANY FAMILIES IN OUR COMMUNITIES FACE BARRIERS TO CARE FOR THEMSELVES AND THEIR CHILDREN. BARRIERS CAN INCLUDE COST, TRANSPORTATION, AND EVEN CITIZENSHIP. EVERY MONTH, OVER 175 CHILDREN RELY ON THE COMMUNITY CARE CRUISER FOR PREVENTATIVE HEALTH SUPPORT. IN 2022, OUR COMMUNITY CARE CRUISER SOCIAL WORKER MADE OVER 600 REFERRALS TO OUTSIDE SUPPORT AGENCIES FOR FAMILIES IN NEED. THE UNIVERSITY OF NORTH CAROLINA ("UNC") AT CHAPEL HILL PARTNERSHIP AT NOVANT HEALTH HEMBY CHILDREN'S HOSPITAL, WE HAVE CLINICIANS WHO NOT ONLY EXCEL IN THE HOSPITAL, BUT WHO ARE INNOVATIVE THINKERS OUTSIDE THE CLINICAL SETTING. RECOGNIZING A GREAT NEED FOR MORE PEDIATRIC ENDOCRINOLOGISTS, OUR TEAM FORMED AN ALLIANCE WITH UNC AT CHAPEL HILL THROUGH OUR PARTNERSHIP WITH THE UNC SCHOOL OF MEDICINE. THROUGH TELEMEDICINE, THE SPECIALIZED TEAM OF PEDIATRIC ENDOCRINOLOGISTS AT UNC AT CHAPEL HILL CAN PROVIDE CARE AND CONSULTATION FOR KIDS LIVING WITH DIABETES. THIS PARTNERSHIP IS ENSURING THAT EVERY CHILD WHO NEEDS TO SEE A PEDIATRIC ENDOCRINOLOGIST CAN - REMOVING THE BARRIER OF TRANSPORTATION. NOVANT HEALTH HEMBY CHILDREN'S HOSPITAL WILL SOON SEEK A SIMILAR PARTNERSHIP IN THE AREA OF PEDIATRIC GENETICS - ANOTHER SPECIALTY AREA EXPERIENCING INCREASING DEMAND. COMMUNITY BENEFIT REPORT HTTPS://WWW.NOVANTHEALTH.ORG/ABOUT/COMMUNITY/COMMUNITY-HEALTH-NEEDS/ THE COMMUNITY BENEFIT REPORT, REFERRED TO AS A COMMUNITY IMPACT REPORT, PREPARED BY NOVANT HEALTH IS A SYSTEM-WIDE REPORT THAT INCLUDES QUALITATIVE AND QUANTITATIVE INFORMATION. PLEASE NOTE THAT THE NUMERIC DATA IN THIS REPORT IS NOT BASED UPON THE FORM 990, SCHEDULE H CRITERIA, BUT RATHER IT HAS BEEN PREPARED IN ACCORDANCE WITH THE NORTH CAROLINA HEALTHCARE ASSOCIATION REPORTING GUIDELINES. IT SHOULD NOT BE RELIED UPON AS THE ORGANIZATION'S FORM 990, SCHEDULE H COMMUNITY BENEFIT REPORT, ITS COMMUNITY HEALTH NEEDS ASSESSMENT OR COMMUNITY BENEFIT IMPLEMENTATION STRATEGY. IN THIS REPORT, THE NOVANT HEALTH SYSTEM'S COMMUNITY BENEFIT WAS APPROXIMATELY $1,566,000,000, INCLUDING $213,000,000 IN FINANCIAL ASSISTANCE FOR 2022. FORM 990, PART III, LINE 1: MISSION, VISION AND VALUES MISSION NOVANT HEALTH EXISTS TO IMPROVE THE HEALTH OF OUR COMMUNITIES, ONE PERSON AT A TIME. VISION WE, THE NOVANT HEALTH TEAM, WILL DELIVER THE MOST REMARKABLE PATIENT EXPERIENCE, IN EVERY DIMENSION, EVERY TIME. VALUES -COMPASSION: WE TREAT OUR CUSTOMERS AND THEIR FAMILIES, STAFF AND OTHER HEALTHCARE PROVIDERS AS FAMILY MEMBERS WITH KINDNESS, PATIENCE, EMPATHY AND RESPECT. -DIVERSITY AND INCLUSION: WE RECOGNIZE THAT EVERY PERSON IS DIFFERENT, EACH SHAPED BY UNIQUE LIFE EXPERIENCES. THIS ENABLES US TO BETTER UNDERSTAND EACH OTHER AND OUR CUSTOMERS. BY ENGAGING THE STRENGTHS AND TALENTS OF EACH TEAM MEMBER, WE ENSURE A STRONG ORGANIZATION CAPABLE OF PROVIDING REMARKABLE HEALTHCARE TO OUR PATIENTS, FAMILIES AND COMMUNITIES. -PERSONAL EXCELLENCE: WE STRIVE TO GROW PERSONALLY AND PROFESSIONALLY AND APPROACH EACH SERVICE OPPORTUNITY WITH A POSITIVE, FLEXIBLE ATTITUDE. HONESTY AND PERSONAL INTEGRITY GUIDE ALL WE DO. -TEAMWORK: THE NEEDS AND EXPECTATIONS OF ANY ONE CUSTOMER ARE GREATER THAN WHAT ONE PERSON'S SERVICE EFFORTS CAN SATISFY. WE SUPPORT EACH OTHER SO THAT TOGETHER AS A TEAM, WE CAN BE SUCCESSFUL IN THE EYE OF THE CUSTOMER AS A QUALITY SERVICE PROVIDER. -COURAGE: WE ACT BOLDLY IN MAKING THE CHANGES NECESSARY TO ACHIEVE OUR MISSION, VISION AND PROMISE OF DELIVERING REMARKABLE HEALTHCARE. -SAFETY: WE EMBRACE A CULTURE IN WHICH "FIRST, DO NO HARM" IS THE FOUNDATION OF REMARKABLE HEALTHCARE. OUR WORK ENVIRONMENT IS ONE OF OPEN COMMUNICATION, HIGH-RELIABILITY, AND A RELENTLESS QUEST TOWARD ZERO EVENTS OF PREVENTABLE HARM. OUR PEOPLE WE ARE AN INCLUSIVE TEAM OF PURPOSE-DRIVEN PEOPLE INSPIRED AND UNITED BY OUR PASSION TO CARE FOR EACH OTHER, OUR PATIENTS AND OUR COMMUNITIES. WE ALWAYS REMEMBER, OUR BUSINESS IS THE CARE OF ALL PEOPLE, STARTING WITH OUR TEAM MEMBERS. OUR PROMISE WE ARE RELENTLESSLY PURSUING REMARKABLE CARE EVERY DAY - SO YOU CAN EXPECT THE COMPASSIONATE, EXPERT, PERSONAL EXPERIENCE YOU DESERVE. FORM 990, PART VI, SECTION A, LINE 2 FORM 990, PART VI, SECTION A, LINE 2: FAMILY AND/OR BUSINESS RELATIONSHIPS BUSINESS RELATIONSHIP MICHAEL WILES CALDWELL ROSE FORM 990, PART VI, SECTION A, LINE 6 FORM 990, PART VI, SECTION A, LINE 6: CLASSES OF MEMBERS OF STOCKHOLDERS THE CORPORATION IS A NONPROFIT CORPORATION WITH MEMBERS (OR A MEMBER). FORM 990, PART VI, SECTION A, LINE 7A FORM 990, PART VI, SECTION A, LINE 7A: ELECTION OF MEMBERS AND THEIR RIGHTS THE PRESBYTERIAN HOSPITAL, THE SOLE MEMBER OF PRESBYTERIAN HOSPITAL FOUNDATION, ELECTS A MAJORITY OF THE PRESBYTERIAN HOSPITAL FOUNDATION TRUSTEES UPON RECOMMENDATION BY THE NOMINATING COMMITTEE. FORM 990, PART VI, SECTION B, LINE 11B FORM 990, PART VI, SECTION B, LINE 11: ORGANIZATION'S PROCESS TO REVIEW FORM 990 THE BOARD HAS DELEGATED REVIEW OF THE FORM 990 TO NOVANT HEALTH'S BOARD OF TRUSTEES' AUDIT AND COMPLIANCE COMMITTEE ("THE COMMITTEE"), WHICH OVERSEES TAX MATTERS FOR ENTITIES IN THE NOVANT HEALTH SYSTEM. THE COMMITTEE IS THE REVIEW BODY FOR ALL OF THE FORM 990S FILED FOR ORGANIZATIONS WITHIN THE NOVANT HEALTH SYSTEM. THE COMMITTEE MEETS BEFORE THE FORM 990S ARE FILED WITH THE IRS AND AFTER ALL BOARD MEMBERS HAVE BEEN PROVIDED A PAPER OR ELECTRONIC COPY OF THE FORM 990 AND A SUMMARY OF ITS CONTENTS. THE VICE PRESIDENT OF TAX AND LEGAL COUNSEL FOR NOVANT HEALTH ATTEND THE MEETING TO ANSWER ANY QUESTIONS AND ADDRESS ANY SIGNIFICANT DISCLOSURES WITHIN THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C FORM 990, PART VI, SECTION B, LINE 12C: MONITORING AND ENFORCEMENT OF COI THE ORGANIZATION'S TRUSTEE CONFLICT OF INTEREST POLICY APPLIES TO ALL TRUSTEES, PRINCIPAL OFFICERS OR MEMBERS OF A COMMITTEE WITH BOARD DELEGATED POWERS INCLUDING ANY APPLICABLE DISREGARDED ENTITIES. ALL TRUSTEES ARE SENT AN ANNUAL DISCLOSURE QUESTIONNAIRE. THE TRUSTEE ANNUAL DISCLOSURE QUESTIONNAIRES ARE REVIEWED BY THE COMPLIANCE DEPARTMENT. WITH RESPECT TO PARTICULAR TRANSACTIONS THAT COME BEFORE THE BOARD, THE CONFLICT OF INTEREST POLICY WOULD BE FOLLOWED. THE POTENTIAL CONFLICT OF INTEREST WOULD BE DISCLOSED BY THE BOARD MEMBER BEFORE A VOTE ON THE TRANSACTION AND THE REST OF THE BOARD WOULD DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS. IF THE REST OF THE BOARD DETERMINED THAT A CONFLICT OF INTEREST EXISTED THEN THE BOARD MEMBER WITH THE CONFLICT OF INTEREST WOULD NOT PARTICIPATE IN THE DELIBERATIONS AND VOTE. FORM 990, PART VI, SECTION B, LINE 15 FORM 990, PART VI, SECTION B, LINE 15A/15B: THE FILING ORGANIZATION IS AN INTEGRAL PART OF NOVANT HEALTH, AN INTEGRATED HEALTHCARE SYSTEM COLLECTIVELY REFERRED TO AS "NOVANT HEALTH." NOVANT HEALTH, INC. IS THE PARENT ORGANIZATION AND INDEPENDENT AND DISINTERESTED MEMBERS OF THE NOVANT HEALTH, INC. BOARD OF TRUSTEES (WHO COMPRISE THE COMPENSATION AND LEADERSHIP COMMITTEE OF THE BOARD) REVIEW, APPROVE, AND OVERSEE ALL ASPECTS OF COMPENSATION AND BENEFITS FOR CERTAIN LEADERS AND EXECUTIVES ("EXECUTIVES") SERVING AS OFFICERS, INCLUDING THE TOP MANAGEMENT OFFICIAL, OR KEY EMPLOYEES FOR NOVANT HEALTH ENTITIES. THE COMMITTEE WORKS WITH AN INDEPENDENT COMPENSATION CONSULTANT AND USES THIRD PARTY COMPARABILITY DATA FOR FUNCTIONALLY SIMILAR POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS TO ENSURE THAT TOTAL COMPENSATION AND BENEFITS FOR EACH EXECUTIVE IS REASONABLE FOR THAT EXECUTIVE'S POSITION. THE COMMITTEE REVIEWS AND APPROVES EXECUTIVE COMPENSATION AND BENEFITS ANNUALLY, CONSISTENT WITH THE WRITTEN EXECUTIVE COMPENSATION PHILOSOPHY OF NOVANT HEALTH, AND IN A MANNER THAT QUALIFIES FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS, THEREBY ASSURING THAT TOTAL COMPENSATION AND BENEFITS PROVIDED TO EACH EXECUTIVE IS REASONABLE. FORM 990, PART VI, SECTION C, LINE 19 FORM 990, PART VI, SECTION C, LINE 19: GOVERNING DOCUMENTS DISCLOSURE THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS CONTAINING ALL ORGANIZATIONS IN THE NOVANT HEALTH SYSTEM ARE POSTED TO THE NOVANT HEALTH WEBSITE. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: AFFILIATE TRANSFERS 1,238,284. PLEDGE ADJUSTMENT -6,961,256. FORM 990, SCHEDULE B, PART I THE ORGANIZATION IS REPORTING IN THE CURRENT TAX PERIOD THE BALANCE OF UNPAID PLEDGES RECEIVED BUT NOT PREVIOUSLY REPORTED ON FORM 990 TO ALIGN WITH ACCRUAL BASIS OF ACCOUNTING. THE ORGANIZATION PREVIOUSLY REPORTED PLEDGES AS CASH PAYMENTS WERE RECEIVED. 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