2023-11-15T13:43:02-07:00 2022-12-31 990 2022-01-01 222562170 ST ELIZABETH MEDICAL CENTER FOUNDATION INC STEL 3156245574 2209 Genesee Street Utica NY 13501 Louis Aiello Chief Finance Officer 3156246143 2023-11-15 1 1 11 0 AAL2 X 2022 2023-04-26 12:10:37Z Louis Aiello 2209 Genesee Street Utica NY 13501 169362 0 X www.mvhealthsystem.org X 1984 NY The St Elizabeth Medical Center Foundation has performed a vital supportive role for St Elizabeth Medical Center through sponsorship or support of friend-raising, fundraising and health education activities. The Foundation provides support financial, philosophical and social, so that the Medical Center may continue to provide for the medical needs of the community regardless of race, national origin, creed or ability to pay. 9 8 0 0 0 0 0 0 0 0 153107 159556 0 0 153107 159556 0 0 0 0 0 0 0 0 0 97 1274 97 1274 153010 158282 6056372 5302166 0 1250 6056372 5300916 Since 1984, the St. Elizabeth Medical Center Foundation has performed a vital supportive role for St. Elizabeth Medical Center through sponsorship or support of friend-raising, fundraising and health education activities. The Foundation provides support financial, philosophical and social, so that the Medical Center may continue to provide for the medical needs of the community regardless of race, national origin, creed or ability to pay. 0 0 0 0 0 Provide financial support to St. Elizabeth Medical Center, a voluntary not-for-profit hospital, through prior contributions and fundraising activities, as well as making funds available on an ongoing basis as per the intent of those funds. 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 9 8 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 NY X Louis Aiello 3156246143 2209 Genesee Street Utica NY 13501 Darlene Stromstad MVHS President/CEO 1 54 X 0 1183762 23524 Louis Aiello MVHS CFO 1 49 X 0 596869 31112 John Hobika Jr Director 0.5 0.5 X 0 0 0 Jim Friedel Director 0.5 0.5 X 0 0 0 Joseph Latella Director 0.5 0.5 X 0 0 0 Sam Berardino Director 0.5 0.5 X 0 0 0 David Manzelmann President 0.5 0.5 X 0 0 0 Blair Jones Vice President 0.5 0.5 X 0 0 0 Stephen Surace Treasurer 0.5 0.5 X 0 0 0 Valerie Brown Secretary 0.5 0.5 X 0 0 0 0 1780631 54636 0 0 1 1 0 0 115024 0 0 115024 0 0 0 0 0 0 0 0 0 0 54338 0 9806 0 44532 0 44532 0 0 44532 0 159556 0 0 159556 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1274 0 1274 0 1274 0 1274 0 3345 3287 272238 371390 0 0 0 5507569 4654269 273220 273220 6056372 5302166 0 0 1250 0 1250 X 4939382 4325527 1116990 975389 6056372 5300916 6056372 5302166 X 158282 -922773 0 0 0 9035 X 0 1 1 0 X 156255 0 0 0 0 156255 0 0 0 0 0 0 209043 0 0 0 0 209043 0 0 0 0 0 0 0 0 0 0 0 0 365298 0 0 0 0 365298 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 365298 38774 0 0 0 0 38774 0 0 0 0 0 0 38774 0 0 0 0 38774 0 0 0 0 0 0 0 0 0 0 0 0 404072 0 0 0 0 404072 0.90404 0.81768 0.09596 0.18232 X 4588583 0 -590192 0 9772 0 3988619 3956020 0 632563 0 0 0 4588583 3464881 17040 474099 0 0 0 3956020 3464881 0 0 0 0 0 3464881 3838489 2626 -376234 0 0 0 3464881 0.81 0 0.19 0 0 0 0 COMMON STOCK 884311 F EXCHANGE TRADED FUNDS 3769958 F 4654269 CMIC 273220 273220 0 DUE TO AFFILIATE 1250 1250 X -772252 -922773 0 0 0 -922773 150521 0 9035 9035 159556 1274 0 0 0 0 0 1274 0 0 0 1274 Schedule D, Part V, Line 4 THE FOUNDATION MAINTAINS VARIOUS DONOR RESTRICTED AND BOARD DESIGNATED FUNDS WHOSE PURPOSE IS TO PROVIDE SUPPORT FOR ITS CHARITABLE PROGRAMS. IN CLASSIFYING SUCH FUNDS FOR FINANCIAL STATEMENT PURPOSES, AS EITHER WITH DONOR RESTRICTION OR WITHOUT DONOR RESTRICTIONS, THE BOARD OF DIRECTORS LOOKS TO THE EXPLICIT DIRECTIONS OF THE DONOR, WHERE APPLICABLE, AND THE PROVISIONS OF NEW YORK STATE LAWS. Schedule D, Part X, Line 2 THE FOUNDATION IS ORGANIZED AS A NOT FOR PROFIT CORPORATION, EXEMPT FROM TAXATION UNDER SECTION 501(c3) OF THE INTERNAL REVENUE CODE. AS OF DECEMBER 31, 2022 AND 2021, THE FOUNDATION DID NOT HAVE ANY UNRECOGNIZED TAX BENEFITS OR ANY RELATED ACCRUED INTEREST OR PENALTIES. THE FOUNDATION DOES NOT ANTICIPATE THAT THE TOTAL UNRECOGNZIED TAX BENEFITS WILL CHANGE IN THE NEXT TWELVE MONTHS. THE TAX YEARS OPEN TO EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES ARE 2019 THROUGH 2022. Schedule D, Part XI, Line 4b THIS WAS AN INVESTMENT TRANSFER OF FUNDS. ONCE MATURED, THE CASH FROM A MORGAN STANLEY CD WAS MOVED INTO INVESTMENTS X X X X X X 0 0 0 0 0 0 0 0 0 Darlene Stromstad MVHS President/CEO 0 779400 0 150000 0 254362 0 12201 0 11323 0 1207286 0 0 Louis Aiello MVHS CFO 0 478671 0 99062 0 19136 0 20178 0 10934 0 627981 0 0 Form 990, Part VI, Section A, Line 6 ST ELIZABETH MEDICAL CENTER IS THE SOLE CORPORATE MEMBER OF THE ST ELIZABETH MEDICAL CENTER FOUNDATION. Form 990, Part VI, Section B, Line 11b THE FORM 990 IS PRESENTED TO THE BOARD PRIOR TO FILING Form 990, Part VI, Section B, Line 12c THE PURPOSE OF THE POLICIES AND DIRECTIVES SET OUT IN THIS POLICY STATEMENT IS TO ASSURE THAT THE BUSINESS CONDUCTED BY THE ORGANIZATION IS CONDUCTED FREE FROM THE POSSIBLE INFLUENCE OF CONFLICTS OF INTEREST OF INTERESTED PERSON. THE POLICY EXISTS TO PROTECT THE ORGANIZATIONS INTEREST WHEN IT IS CONTEMPLATING ENTERING INTO A TRANSACTION OR ARRANGEMENT THAT MIGHT BENEFIT PRIVATE INTEREST OF AN INTERESTED PERSON IN THE ORGANIZATION. INTERESTED PERSONS MAY NOT ENTER INTO ANY EMPLOYMENT TRANSACTION OR OTHER ARRANGEMENT THAT MAY CAUSE OR BE PERCEIVED TO CAUSE A CONFLICT OF INTEREST. INTERESTED PERSONS MUST REVIEW THIS POLICY ANNUALLY AND COMPLETE THE ACKNOWLEDGEMENT AND DISCLOSURE FORM ANNUALLY. THE COMPLIANCE OFFICER AND OR THE COMPLIANCE COMMITTEE WILL REVIEW ALL ANNUAL ACKNOWLEDGEMENT AND DISCLOSURE FORMS AND ANY CONFLICTS OR POTENTIAL CONFLICTS IDENTIFIED. WHEN A POTENTIAL CONFLICT IS IDENTIFIED THE COMPLIANCE OFFICER WILL ENSURE APPROPRIATE ACTIONS ARE TAKEN TO RESOLVE THE CONFLICT. THIS POLICY IS INTENDED TO SUPPLIEMENT BUT NOT REPLACE ANY APPLICABLE FEDERAL AND STATE LAWS GOVERNING CONFLICTS OF INTEREST APPLICABLE TO NON PROFIT AND CHARITABLE CORPORATIONS. Form 990, Part VI, Section B, Line 15 The Board of Directors has established an executive compensation committee, which is responsible for reviewing the adequacy and reasonableness of the compensation paid to the President/CEO and other employees of the Executive Leadership Team. The Executive Leadership Team consists of the following positions: * President/CEO * SVP/ CFO * SVP/CNO * SVP/ CIO * SVP/ CHRO * SVP/Marketing & Strategy * SVP/Chief Legal Counsel * SVP/ Physician Practices & Operations * SVP/ Chief Quality & Patient Safety Officer The system has engaged an independent compensation consultant to conduct a market review of executive compensation using bench-marking data for comparable positions in similarly situated hospitals. The data is provided on an annual basis and is reviewed by the committee, along with other information, prior to approving any changes to compensation. The independence of the committee members is reviewed and verified prior to the start of the annual compensation review process. Should a conflict present, those individuals with actual or perceived conflicts abstain from voting until such time as the conflict can be resolved or a replacement member ins appointed to the committee. The committee's deliberations and discussions are guided by a written compensation philosophy and documented through written minutes taken during each meeting. The minutes include, among other things, the written materials distributed or presented during the meeting and the specific decisions taken at the meeting. Form 990, Part VI, Section C, Line 19 THE FOUNDATION MAINTAINS ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS IN ITS OFFICES. THESE DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST, DURING REGULAR BUSINESS HOURS. Form 990, Part IX, Line 24e OTHER FEES Form 990, Part XI, Line 9 THIS WAS AN INVESTMENT TRANSFER OF FUNDS. ONCE MATURED, THE CASH FROM A MORGAN STANLEY CD WAS MOVED INTO INVESTMENTS St Elizabeth Medical Center 2209 Genesee Street Utica NY 13501 150532245 Health Care NY 501(c)(3) Hospital Partners in Franciscan Ministries Inc 0 Mohawk Valley Health System Inc PO Box 4308 Utica NY 13504 223124162 Promote Healthcare NY 501(c)(3) Hospital N/A 0 Faxton St Lukes Healthcare PO Box 479 Utica NY 13502 161576637 Acute Care Hospital NY 501(c)(3) 3 Mohawk Valley Health System Inc 0 St Lukes Home Residential Healthcare Facility 1650 Champlin Ave New Hartford NY 13413 161476372 Residential Healthcare NY 501(c)(3) 9 Faxton St Lukes Healthcare 0 Visiting Nurses Association of Utica & Oneida County 1650 Champlin Ave New Hartford NY 13413 150532259 Home Health Nursing NY 501(c)(3) 9 Mohawk Valley Health System Inc 0 Mohawk Valley Health System Foundation PO Box 479 Utica NY 13502 223078768 Fundraising NY 501(c)(3) 9 Mohawk Valley Health System Inc 0 Cooperative Magnetic Imaging Center LP 107 Business Park Drive Utica NY 13502 161332722 Imaging Services NY N/A Related 0 0 0.09 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 TIMING OF AUDITED FINANCIAL STATEMENTS RECEIVED