2025-11-14T11:51:50-06:00 2024-12-31 990 2024-01-01 581413074 PRESBYTERIAN HOSPITAL FOUNDATION PRES 3362772411 2085 FRONTIS PLAZA BLVD WINSTON SALEM NC 27103 ALICE POPE EVP & CFO 3362772411 2025-11-14 1 2024 2025-03-06 01:10:19Z NOVANT HEALTH PRESBYTERIAN MEDICAL CENTER FOUNDATION CARL ARMATO 2085 FRONTIS PLAZA BLVD WINSTON SALEM NC 27103 50775161 0 X WWW.SUPPORTNOVANTHEALTH.ORG X 1980 NC SEE SCHEDULE O 22 17 13 77 0 0 11236441 11940947 0 0 1775501 3592654 -100342 -50961 12911600 15482640 7003697 5458878 0 0 884822 818169 0 0 300113 196137 571156 8084656 6848203 4826944 8634437 101423137 115557464 1480134 1312669 99943003 114244795 X SEE SCHEDULE O 0 0 5756540 5458878 0 THE ORGANIZATION OPERATES TO RAISE COMMUNITY SUPPORT AND FUNDING THROUGH CHARITABLE GIVING FOR ESSENTIAL HEALTHCARE, EDUCATION, & RESEARCH PROGRAMS, IMPROVED FACILITIES, AND STATE-OF-THE-ART TECHNOLOGY OF NOVANT HEALTH PRESBYTERIAN MEDICAL CENTER AND OTHER TAX-EXEMPT SUBSIDIARIES OF NOVANT HEALTH SOUTHERN PIEDMONT REGION, LLC. 5756540 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 8 0 1 13 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 22 17 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X X WENDI STOCKSTILL 3362772411 2085 FRONTIS PLAZA BLVD WINSTON SALEM NC 27103 AYANNA CHANCE TRUSTEE 0.20 0.00 X 0 0 0 CALDWELL ROSE TRUSTEE 0.20 0.00 X 0 0 0 CLAUDE CLOSE TRUSTEE (FR 1/1/24) 0.20 0.00 X 0 0 0 DARRIN BOLAND TRUSTEE 0.20 0.00 X 0 0 0 DAVID GROOMES TRUSTEE 0.20 0.00 X 0 0 0 EDGARDO MARTINEZ TRUSTEE 0.20 0.00 X 0 0 0 ELIZABETH CORNELSON-WEISIGER TRUSTEE 0.20 0.00 X 0 0 0 JENNIFER DOYLE TRUSTEE 0.20 0.00 X 0 0 0 JERRY BARRON MD TRUSTEE/ORTHOPAEDIST 0.20 45.00 X 0 1048333 57410 JEWELL HOOVER TRUSTEE 0.20 0.00 X 0 0 0 JOHN COMLY TREASURER 0.50 0.00 X X 0 0 0 JOHN HONDROS TRUSTEE 0.20 0.00 X 0 0 0 KATE HATCHER TRUSTEE 0.20 0.00 X 0 0 0 LUIS LLUBERAS TRUSTEE 0.20 0.00 X 0 0 0 MARY WINSTON TRUSTEE (TO 4/23/24) 0.20 0.00 X 0 0 0 MICHAEL WILES SECRETARY 0.50 0.00 X X 0 0 0 NATALIE ALSTON TRUSTEE 0.20 0.00 X 0 0 0 OLIVER BADGIO TRUSTEE 0.20 0.00 X 0 0 0 ROCHELLE RIVAS TRUSTEE (FR 1/1/24) 0.20 0.00 X 0 0 0 STONEY SELLARS TRUSTEE 0.20 0.00 X 0 0 0 TERRENCE LINNERT TRUSTEE 0.20 0.00 X 0 0 0 TIFFANI JONES MD CHAIR/OBSTETRICIAN 0.50 45.00 X X 0 480692 42320 VONDA HUSS VICE CHAIR 0.50 0.00 X X 0 0 0 ALICE POPE EVP/CFO (FR 4/29/24) 0.20 50.00 X 0 991687 183469 AMY MCKINNEY EXEC DIRECTOR (FR 11/18/24) 50.00 0.00 X 143041 0 30384 DOROTHY ANN CAULKINS SVP FDN (TO 6/1/24) 8.00 42.00 X 0 803158 39237 GEOFFREY GARDNER CFO (TO 4/28/24) 0.20 50.00 X 0 1254252 45078 KATHLEEN BOYLAN EXEC DIRECTOR (TO 11/17/24) 50.00 0.00 X 180004 14776 34859 SHARON HARRINGTON VP CHIEF PHILANTHROPY OFF(FR 6/2/24) 8.00 42.00 X 0 290978 14848 JUSTIN TRAKAS PHILANTHROPY MANAGER 45.00 0.00 X 120617 0 19145 JENNIFER CLIFFORD FMR OFFICER (9/20/21) 0.00 50.00 X 0 127302 9899 KIMBERLY HENDERSON FMR OFFICER (12/31/19) 0.00 50.00 X 0 1421376 199453 443662 6432554 676102 3 1 1 0 0 441516 11499431 457656 11940947 1209940 1209940 36985875 524949 34598110 530000 2387765 -5051 2382714 2382714 113450 441516 164411 -50961 -50961 15482640 0 0 3541693 4598539 4598539 860339 860339 385584 385584 323577 58245 90601 174731 17958 3232 5029 9697 36749 6615 10290 19844 54301 9774 15204 29323 79527 79527 16220 2330 7905 5985 21632 10816 10816 52738 3146 40154 9438 8014 1442 2244 4328 16319 5875 10444 13333 2400 3732 7201 3324 598 930 1796 25232 25232 8083 1455 2263 4365 3723 670 1042 2011 MISCELLANEOUS 248535 126660 121624 251 OTHER SUPPLIES 59923 36553 10903 12467 REPAIRS AND MAINTENANCE 9344 1682 2617 5045 DUES AND SUBSCRIPTIONS 5209 937 1457 2815 6848203 5756540 791550 300113 5476613 10930730 9357386 10548567 271741 249745 560079 21996 67448148 73299815 18569679 20747242 11232 9114 101423137 115557464 275364 31665 1204770 1281004 1480134 1312669 X 50360119 55446123 49582884 58798672 99943003 114244795 101423137 115557464 X 8634437 4537615 1129740 X 0 1 X 1 1 1 X 6611957 10218117 16119572 11236441 11940947 56127034 6611957 10218117 16119572 11236441 11940947 56127034 15844275 40282759 1091152 1213578 1058799 953409 1209940 5526878 3325 3325 61657237 0.65330 0.65950 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 49582884 12130341 1967609 135301 4746861 58798672 43132618 10702900 1703782 210819 5745597 49582884 40882190 8918868 -1348677 154419 5165344 43132618 53985843 10665283 2499897 106361 26162472 40882190 55172066 5725388 1074453 82118 7903946 53985843 0.00000 1.00000 0.00000 0 0 270071 248075 21996 1670 1670 0 21996 OTHER SECURITIES 20747242 F 20747242 0 DUE TO AFFILIATES 991013 GIFT ANNUITY LIABILITY 289991 1281004 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, 2024 AND 2023. HEMBY GOLF CLASSIC 554966 441516 113450 0 51998 54958 40555 0 16900 554966 441516 113450 51998 54958 40555 16900 164411 -50961 1 THE PRESBYTERIAN HOSPITAL 2085 FRONTIS PLAZA BLVD WINSTONSALEM NC 27103 560554230 501(C)(3) 4081956 0 TO SUPPORT NH PRESBYTERIAN MEDICAL CENTER NOVANT HEALTH INC 2085 FRONTIS PLAZA BLVD WINSTONSALEM NC 27103 561376950 501(C)(3) 511583 0 TO SUPPORT NH SYSTEM HOSPITALS 2 0 EMPLOYEE EMERGENCY FUND 374 262689 MAMMOGRAMS 420 66377 PATIENT ASSISTANCE 25926 141356 372743 FMV PATIENT GIFTS, WELFARE, & CAR SEATS PATIENT TRANSPORTATION 198 7174 FMV TRANSPORTATION FARE FOR INDIGENT PATIENTS SCHOLARSHIPS 1 10000 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 1 1 0 0 0 0 0 0 0 KIMBERLY HENDERSON FMR OFFICER (12/31/19) 0 807422 0 498449 0 115505 0 168921 0 30532 0 1620829 0 59922 GEOFFREY GARDNER CFO (TO 4/28/24) 0 457268 0 732220 0 64764 0 20700 0 24378 0 1299330 0 22093 ALICE POPE EVP/CFO (FR 4/29/24) 0 824247 0 0 0 167440 0 173333 0 10136 0 1175156 0 0 JERRY BARRON MD TRUSTEE/ORTHOPAEDIST 0 858952 0 157767 0 31614 0 20700 0 36710 0 1105743 0 0 DOROTHY ANN CAULKINS SVP FDN (TO 6/1/24) 0 160279 0 335344 0 307535 0 10620 0 28617 0 842395 0 53040 TIFFANI JONES MD CHAIR/OBSTETRICIAN 0 348769 0 129083 0 2840 0 4915 0 37405 0 523012 0 0 SHARON HARRINGTON VP CHIEF PHILANTHROPY OFF(FR 6/2/24) 0 227170 0 41184 0 22624 0 14319 0 529 0 305826 0 0 KATHLEEN BOYLAN EXEC DIRECTOR (TO 11/17/24) 159309 14741 20326 0 369 35 6681 615 25474 2089 212159 17480 0 0 AMY MCKINNEY EXEC DIRECTOR (FR 11/18/24) 119597 0 9601 0 13843 0 4856 0 25528 0 173425 0 0 0 JENNIFER CLIFFORD FMR OFFICER (9/20/21) 0 120715 0 2425 0 4162 0 7528 0 2371 0 137201 0 0 PART I, LINE 1A FRINGE OR EXPENSE EXPLANATION FIRST-CLASS OR CHARTER TRAVEL: EXECUTIVES ARE LIMITED TO BUSINESS OR COACH CLASS FOR COMMERCIAL FLIGHTS. HOWEVER, CHARTER TRAVEL IS AVAILABLE FOR CERTAIN EXECUTIVES, BOARD MEMBERS, AND APPROVED BUSINESS PERSONNEL WHO MEET POLICY CRITERIA AND OBTAIN APPROPRIATE APPROVALS. TRAVEL FOR COMPANIONS: COMPANIONS ARE ALLOWED AS PASSENGERS ON CERTAIN CHARTER FLIGHTS PAID BY THE ORGANIZATION. THE VALUE OF THE COMPANION'S FLIGHT IS CALCULATED USING APPLICABLE TAX LAW. THE CALCULATED AMOUNT IS INCLUDED IN THE EXECUTIVES TAXABLE COMPENSATION INCOME AS PRESCRIBED BY APPLICABLE TAX LAW. 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: TEMPORARY HOUSING ALLOWANCES ARE INCLUDED IN CERTAIN EXECUTIVE RECRUITMENT AND RELOCATION PACKAGES. THE TAXABLE VALUE OF THESE ARRANGEMENTS IS CALCULATED AND INCLUDED IN THE EXECUTIVE'S TAXABLE COMPENSATION IN ACCORDANCE WITH APPLICABLE FEDERAL LAW AND REGULATIONS. 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, LINES 4A-B PART I, LINE 4A-C: SEVERANCE, NONQUALIFIED, AND EQUITY-BASED PAYMENTS SEVERANCE DOROTHY ANN CAULKINS $218,478 NONQUALIFIED KIMBERLY HENDERSON $62,883 DOROTHY ANN CAULKINS $55,503 GEOFFREY GARDNER $22,093 EQUITY-BASED NONE PART I, LINE 4A - SEVERANCE PLAN: ELIGIBLE EXECUTIVES MAY RECEIVE SEVERANCE PAY THAT IS BASED ON ANNUAL COMPENSATION FOR A SPECIFIED PERIOD OF TIME. THE SEVERANCE PAY WOULD BE PAID ONLY IN THE EVENT OF CERTAIN TYPES OF EMPLOYMENT TERMINATION, AND IS FURTHER CONTINGENT ON THE SATISFACTION OF OTHER CONDITIONS SUCH AS COMPLIANCE WITH A NON-COMPETITION COVENANT. ANY CURRENT YEAR PAYMENTS HAVE BEEN INCLUDED IN THE COMPENSATION AMOUNTS REPORTED IN PART VII AND IN COLUMN (B)(III) OF SCHEDULE J. THE COMPENSATION AND LEADERSHIP COMMITTEE OF THE NOVANT HEALTH BOARD REVIEWS, APPROVES, AND OVERSEES ALL ASPECTS AND ALL ELEMENTS OF EXECUTIVE COMPENSATION AND BENEFITS, INCLUDING THE AMOUNTS AWARDED UNDER THIS SEVERANCE PLAN. 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, INCLUDING THE AMOUNTS AWARDED UNDER THIS SERP. X 402912 COST X 1 2925 FMV X 1 1400 COST X 1 1727 COST X FOOD&GIFT CARDS 19 32973 COST X JEWELRY 3 15400 COST X EVENT TICKETS 1 319 COST 0 0 1 0 PART I, COLUMN (B): REPRESENTS NUMBER OF CONTRIBUTIONS FORM 990, PI, L1: ORGANIZATION'S MISSION OR MOST SIGNIFICANT ACTIVITIES NOVANT HEALTH, INC. IS A NON-PROFIT INTEGRATED NETWORK OF MORE THAN 900 LOCATIONS, INCLUDING 19 MEDICAL CENTERS, MORE THAN 750 PHYSICIAN CLINICS AND URGENT CARE CENTERS, OUTPATIENT FACILITIES, AND IMAGING AND PHARMACY SERVICES. NOVANT HEALTH'S MORE THAN 40,000 TEAM MEMBERS ALONG WITH MORE THAN 8,500 INDEPENDENT AND EMPLOYED CLINICIANS CARE FOR PATIENTS AND COMMUNITIES IN NORTH CAROLINA AND SOUTH CAROLINA. THE NOVANT HEALTH INTEGRATED HEALTHCARE SYSTEM OPERATES TO CARRY OUT ITS CHARITABLE MISSION OF IMPROVING THE HEALTH OF COMMUNITIES IT SERVES AND MAKING HEALTHCARE REMARKABLE FOR PATIENTS. NOVANT HEALTH ACCOMPLISHES THAT MISSION BY PROVIDING AND SUPPORTING EXCELLENT HEALTHCARE FACILITIES AND PHYSICIAN PRACTICES AND BY MAKING A COMMITMENT TO COMMUNITY OUTREACH/SERVICE THROUGH THE PROVISION OF COMMUNITY BENEFIT PROGRAMS. BY BRINGING TOGETHER WORLD-CLASS TECHNOLOGY AND CLINICIANS TO PROVIDE QUALITY CARE, NOVANT HEALTH IS COMMITTED TO CREATING A HEALTHCARE EXPERIENCE THAT IS SIMPLER, MORE CONVENIENT, AND MORE AFFORDABLE SO PATIENTS CAN FOCUS ON GETTING BETTER AND STAYING HEALTHY. IN 2024, NOVANT HEALTH PROVIDED MORE THAN 7 MILLION PATIENT VISITS AND OVER $1.6 BILLION OF COMMUNITY BENEFIT EXPENDITURES SYSTEM-WIDE ON AN ANNUAL BASIS. PRESBYTERIAN HOSPITAL FOUNDATION ("PMCF") IS AN INTEGRAL PART OF THE NOVANT HEALTH. PMCF, DOING BUSINESS AS NOVANT HEALTH PRESBYTERIAN MEDICAL CENTER FOUNDATION, EXISTS TO SEEK GRANTS, ACCEPT GIFTS, INVEST FUNDS, AND ADMINISTER DONATIONS IN SUPPORT OF THE PRESBYTERIAN HOSPITAL (DOING BUSINESS AS NOVANT HEALTH PRESBYTERIAN MEDICAL CENTER ("NHPMC"), NOVANT HEALTH HUNTERSVILLE MEDICAL CENTER, HEMBY CHILDREN'S HOSPITAL, AND NOVANT HEALTH CHARLOTTE ORTHOPEDIC HOSPITAL), NOVANT HEALTH MINT HILL MEDICAL CENTER, NOVANT HEALTH MATTHEWS MEDICAL CENTER, AND NOVANT HEALTH BALLANTYNE MEDICAL CENTER, AS WELL AS THEIR STRATEGIC PARTNERS PROVIDING HEALTHCARE IN THE COMMUNITY. PMCF'S MISSION IS TO SUPPORT THE NOVANT HEALTH SYSTEM IN IMPROVING THE HEALTH OF OUR COMMUNITIES, ONE PERSON AT A TIME. PMCF SUPPORTS PATIENTS, FAMILIES, CAREGIVERS, AND TEAM MEMBERS WITH PROGRAMS AND SERVICES PROVIDING EXPANDED CARE, TREATMENT AND PREVENTION OPTIONS AT ITS SUPPORTED HOSPITALS. PMCF ALSO PROVIDES MISSION-ALIGNED GRANTS TO COMMUNITY PARTNERS THAT HELP SUPPLEMENT HEALTHCARE AND PREVENTION PROGRAMS FOR UNDERSERVED PATIENTS. PMCF'S BOARD OF TRUSTEES CONSISTS OF COMMUNITY LEADERS AND CITIZENS IN AND AROUND THE GREATER CHARLOTTE AREA OF NORTH CAROLINA, WHO ARE COMMITTED TO IMPROVING THE LIVES OF OTHERS THROUGH PHILANTHROPY. WORKING TOGETHER, PMCF'S BOARD AND STAFF RECEIVE SUPPORT FROM A VARIETY OF FUNDING SOURCES INCLUDING INDIVIDUALS, CORPORATIONS AND FOUNDATIONS, AS WELL AS THROUGH VARIOUS FUNDRAISING ACTIVITIES. 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. COMMUNITY OUTREACH IS A CRITICAL COMPONENT TO THE MISSION OF NOVANT HEALTH. THE HEALTHCARE SYSTEM PROVIDES HUNDREDS OF PROGRAMS THAT SERVE PATIENTS, NEIGHBORS, AND SOME OF THE COMMUNITIES' MOST VULNERABLE CITIZENS. NOVANT HEALTH ALSO PROVIDES FINANCIAL ASSISTANCE (I.E., CHARITY CARE) FOR ITS QUALIFIED UNINSURED PATIENTS, CATASTROPHIC SETTLEMENTS AND LONG-TERM PAYMENT PLANS TO MEDICALLY INDIGENT PATIENTS, SERVICES TO PATIENTS WITH MEDICARE, MEDICAID, AND OTHER GOVERNMENT MEDICAL PROGRAM COVERAGE (REIMBURSED AT LESS THAN COST), COMMUNITY HEALTH EDUCATION, SUPPORT GROUPS, SUBSIDIZED OUTREACH SERVICES, AND COMMUNITY EVENTS/SCREENINGS. IN ADDITION, NOVANT HEALTH PARTICIPATES IN MEDICAL RESEARCH, AS WELL AS ACADEMIC HEALTH PROGRAMS AND PARTNERSHIPS WITH A DIVERSE GROUP OF ORGANIZATIONS TO PROVIDE OTHER COMMUNITY INITIATIVES. NOVANT HEALTH IS ALSO COMMITTED TO SUPPORTING THE COMMUNITIES IT SERVES THROUGH CHARITABLE CONTRIBUTIONS TO COMMUNITY-BASED PROGRAMS THAT IMPROVE HEALTH EQUITY AND UPWARD MOBILITY FOR THOSE WHO NEED IT MOST. TOWARD THAT GOAL, NOVANT HEALTH INVESTS IN COMMUNITY-BASED PROGRAMS THAT ALIGN WITH ITS TWO INVESTMENT PRIORITIES OF DEVELOPING HEALTHY COMMUNITIES AND EXPANDING OPPORTUNITIES FOR HEALTHCARE EDUCATION. IN 2024, PMCF'S GIFTS, GRANTS, AND EARNINGS FROM INVESTMENTS WERE USED TO SUPPORT MANY PATIENT AND COMMUNITY OUTREACH PROGRAMS. EXAMPLES OF FINANCIAL SUPPORT PROVIDED TO PMCF'S SUPPORTED HOSPITALS INCLUDE: - CAPITAL FUNDING FOR A NEW STATE OF THE ART TEAM MEMBER DURESS SYSTEM, TO BEST PROTECT BEDSIDE STAFF MEMBERS IN THE GREATER CHARLOTTE REGION THROUGH UNRESTRICTED DOLLARS. OVER 7,100 TEAM MEMBERS WILL BE SUPPORTED. - CAPITAL FUNDING FOR NOVANT HEALTH PMC SCHOOL OF RADIOLOGIC TECHNOLOGY, WHICH SUPPORTED THE EXPANSION OF THE CLASS SPACE, ALLOWING THE CLASS SIZES TO DOUBLE IN THIS MUCH NEEDED FIELD. INCREASING CLASS SIZES HELPS NOVANT HEALTH TRAIN UPCOMING RADIOLOGIC TECHNOLOGIST, A FIELD EXPERIENCING GREAT HUMAN CAPITAL NEED. - OPERATIONAL FUNDING FOR INFANT SLEEP SACKS TO PROMOTE SAFE SLEEP HABITS FOR ALL BABIES BORN WITHIN THE GREATER CHARLOTTE REGION. - OPERATIONAL FUNDING FOR NOVANT HEALTH'S COMMUNITY CARE CRUISER, WHICH CONTINUES TO IMPROVE CHILDREN'S HEALTH BY PROVIDING ACCESS TO PREVENTATIVE CARE. WITH A FULL-TIME STAFF (MEDICAL DIRECTOR, NURSING STAFF, SOCIAL WORKER), THIS TEAM HAS PROVIDED OVER 23,000 IMMUNIZATIONS SINCE BEING PLACED INTO SERVICE IN 2017. THE CRUISER ROTATES SERVICES BETWEEN MORE THAN 10 LOCATIONS, INCLUDING LIBRARIES, GROCERY STORES, RECREATION CENTERS, SCHOOLS, AND NON-PROFIT ORGANIZATIONS. AS MANY FAMILIES IN CHARLOTTE AND SURROUNDING COMMUNITIES FACE BARRIERS TO CARE (INCLUDING COST, TRANSPORTATION, AND CITIZENSHIP), OVER 240 ENCOUNTERS WERE COMPLETED BY THE COMMUNITY CARE CRUISER FOR PREVENTATIVE HEALTH SUPPORT ON A MONTHLY BASIS. - CAPITAL FUNDING FOR THE ADDITION OF FOUR SCALP COOLING MACHINES FOR PATIENTS UNDERGOING CHEMOTHERAPY WHO WOULD LIKE TO TRY THIS MODALITY TO REDUCE HAIR LOSS. - OPERATIONAL FUNDING FOR THE EASE SOFTWARE, THAT WAS DESIGNED TO SUPPORT ON-GOING COMMUNICATION BETWEEN PARENTS THEIR CHILD'S CARE TEAM WHILE THEIR CHILD IS IN THE NOVANT HEALTH HEMBY CHILDREN'S HOSPITAL NEONATAL INTENSIVE CARE UNIT. - OPERATIONAL FUNDING FOR THE UPWARD MOBILITY FUND, A WORKFORCE INITIATIVE SUPPORTING HIGHLY SKILLED TEAM MEMBERS WITH REACHING THEIR CAREER GOALS WHILE PROVIDING A LIVING WAGE THAT RAISES THE PARTICIPANT OUT OF POVERTY. EACH TEAM MEMBER PARTICIPANT RECEIVES UP TO TWO YEARS OF UPFRONT COVERAGE OF TUITION AND FEES FOR AN ACCREDITED NURSING PROGRAM LEADING TO LICENSURE AS A REGISTERED NURSE, FLEXIBILITY OF WORKING A REDUCED SCHEDULE WITHOUT A REDUCTION IN PAY, TIME TO STUDY, CAREER COACHING, AND MENTORSHIP. FORM 990, PI, L1: CONTINUED - CAPITAL FUNDING FOR EXPANSION/RENOVATION OF NHPMC NOVANT HEALTH HEMBY CHILDREN'S HOSPITAL ("NHHCH"), WHICH IS RAPIDLY GROWING TO MEET THE NEEDS OF ITS COMMUNITIES SERVED. PATIENT DEMAND FOR PEDIATRIC EMERGENCY TREATMENT, SURGERIES, AND WELL-VISITS AT NHHCH HAS GROWN BY 54% SINCE 2017. IN 2023, MULTI-PHASE EXPANSION CONTINUES TO ENSURE NHHCH IS POISED TO MEET THESE GROWING NEEDS TO DELIVER REMARKABLE CARE THROUGH CLINICAL EFFICIENCY. PHASE 1 IS A $10.1 MILLION EXPANSION OF NHHCH, INCLUDING ENHANCED CAPACITY TO CARE FOR PREMATURE BABIES AND CHILDREN BATTLING CANCER. PHASE 1B IS EXPANSION/RENOVATION OF THE HEMATOLOGY & ONCOLOGY CLINIC, WHICH BEGAN IN FEBRUARY 2023. BOTH PHASE 1 AND 1B ARE REFLECTIVE OF NHHCH'S COMMITMENT TO IMPROVING OUTCOMES FOR CHILDHOOD CANCER PATIENTS - CAPITAL FUNDING FOR EQUIPMENT AT THE NEONATAL INTENSIVE CARE UNIT ("NICU") AT NHHCH, WHICH CONTINUES TO EXPERIENCE TREMENDOUS GROWTH. 14% OF BABIES BORN AT NHPMC NEED NICU SUPPORT. THE NICU TEAM INCLUDES NEONATOLOGISTS, NURSE PRACTITIONERS, SPECIALLY TRAINED NICU NURSES, CHILD LIFE SPECIALISTS, SOCIAL WORKERS, RESPIRATORY THERAPISTS, AN ENTIRE REHABILITATION TEAM AND ENVIRONMENTAL SERVICES TEAM. NHHCH'S NICU IS NOVANT HEALTH'S ONLY LEVEL IV NICU IN THE SURROUNDING AREA, RECEIVING TRANSFERS OF THE MOST PREMATURE BABIES FROM OUTLYING COMMUNITIES. AS CARE OF MICRO-PREEMIES CONTINUES TO EVOLVE, THE NHHCH NICU TEAM HAS SEEN AN INCREASE IN THE BABIES WHO NEED 21-DAY HUMIDIFICATION SUPPORT THROUGH TRANSFERS OF MICRO-PREEMIES FROM DAVIS REGIONAL MEDICAL CENTER AND LAKE NORMAN REGIONAL MEDICAL CENTER. TO ADDRESS THESE NEEDS, SIX NEW INFANT HALO BASSINETTES WILL BE PURCHASED TO SERVICE THE OUTLYING COMMUNITIES SURROUNDING CHARLOTTE. - OPERATIONAL FUNDING TO THE OFFICE OF WELL-BEING AND RESILIENCE FOR ITS 1-DAY MENTAL HEALTH FIRST AID TRAINING FOR APPROXIMATELY 200 TEAM MEMBERS. NOVANT HEALTH CERTIFIED INSTRUCTORS TEACH GLOBALLY RENOWNED, EVIDENCE-BASED LEARNING AIMED AT HELPING TO DESTIGMATIZE MENTAL HEALTH AND PROVIDING PRACTICAL TOOLS FOR ALL TO BETTER UNDERSTAND MENTAL HEALTH CHALLENGES, TO IDENTIFY EARLY AND WORSENING SIGNS AND SYMPTOMS, AND TO HAVE AN ACTION PLAN IN TIME OF CRISIS (E.G. SUICIDAL CONTEMPLATION, SUBSTANCE USE CRISIS). MORE THAN ANY OTHER, THE HEALTHCARE INDUSTRY CARRIES HIGH RISK AND DISPROPORTIONATE RATES OF SUICIDE, AS WELL AS MANY OTHER MENTAL HEALTH IMPACTS, FOR TEAM MEMBERS. FORM 990, PART III, LINE 1: OUR CAUSE (FKA MISSION, VISION AND VALUES) IN THE SPIRIT OF KEEPING OUR FOCUS ON PATIENT-CENTERED, EQUITABLE AND COMPASSIONATE CARE WHILE ENSURING OUR ORGANIZATION IS SUSTAINABLE FOR FUTURE GENERATIONS, WE HAVE RESTATED OUR MISSION, VISION AND VALUES AND ARE NOW GUIDED BY OUR CAUSE. OUR CAUSE WE CREATE A HEALTHIER FUTURE AND BRING REMARKABLE EXPERIENCES TO LIFE. DISCOVER WE CONSISTENTLY SEEK TO INNOVATE, COURAGEOUSLY TRANSFORM OURSELVES AND FIND NEW WAYS TO ADD VALUE FOR OUR PATIENTS, COMMUNITIES AND ONE ANOTHER. EMPOWER WE PROVIDE ONE ANOTHER, OUR PATIENTS, FAMILIES AND COMMUNITIES WITH THE RESOURCES AND ENVIRONMENT TO CREATE SHARED ACCOUNTABILITY AND ACTION. THRIVE WE DEMONSTRATE EQUITY, EMPATHY, SAFETY AND QUALITY TO HELP EACH OTHER, AND OUR COMMUNITIES GROW AND SUCCEED. TOGETHER WE WORK AS A TRUSTED TEAM WITH OUR UNIQUE PERSPECTIVES, LIFE EXPERIENCES AND EXPERTISE TO BRING REMARKABLE TO LIFE IN EVERY INTERACTION. WE ALL BELONG. 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 ORGANIZATION IS A NON-PROFIT 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 APPOINTS A MAJORITY OF THE ORGANIZATION'S BOARD MEMBERS. 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 DELEGATES 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 TAX-EXEMPT ORGANIZATIONS WITHIN THE NOVANT HEALTH SYSTEM. THE COMMITTEE IS PROVIDED A COPY OF FORM 990 AND MEETS TO ADDRESS ANY QUESTIONS AND SIGNIFICANT DISCLOSURES WITHIN THE FORM 990 PRIOR TO ITS FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C FORM 990, PART VI, SECTION B, LINE 12C: MONITORING AND ENFORCEMENT OF COI NOVANT HEALTH'S TRUSTEE CONFLICT OF INTEREST POLICY, APPLICABLE TO THE FILING ORGANIZATION, 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 AND TAX DEPARTMENTS. 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. INDEPENDENT AND DISINTERESTED BOARD MEMBERS OF THE PARENT ORGANIZATION, 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 ("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 COMPARABLE ORGANIZATIONS TO ENSURE THAT TOTAL COMPENSATION AND BENEFITS FOR EACH EXECUTIVE IS REASONABLE. 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. THE ORGANIZATION DOES NOT HAVE ANY KEY EMPLOYEES AND THE ORGANIZATION'S ONLY OFFICERS, OTHER THAN THE TOP MANAGEMENT OFFICIAL, ARE STATE LAW BOARD OFFICERS. THESE EMPLOYEES DO NOT HOLD A CORPORATE POSITION OF INFLUENCE THAT RESULTS IN REVIEW OF THEIR COMPENSATION BY THE PARENT ORGANIZATION'S COMPENSATION AND LEADERSHIP COMMITTEE. 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 490,128. CONTRIBUTION ADJUSTMENT 646,565. BOOK ADJUSTMENT -6,953. 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