2025-08-15T09:59:58-05:00 2024-09-30 621517792 PYA PC 2220 Sutherland Ave Knoxville TN 37919 990 2023-10-01 237134974 Lakeland Regional Medical Center Foundation Inc LAKE 8636871100 1324 Lakeland Hills Boulevard Lakeland FL 33805 Lance Green CPA EVP/Chief Financial Officer 8636871100 2025-08-15 1 0 Deborah O Ernsberger P00364912 8134243700 2023 2025-03-06 01:10:19Z Danielle Drummond 1324 Lakeland Hills Boulevard Lakeland FL 33805 2932431 0 X www.myLRH.org X 1981 FL The Lakeland Regional Health Foundation was created to ensure that additional resources are always available for the services that make Lakeland Regional Health (LRH) the healthcare provider of choice for Lakeland, Polk County and the surrounding communities. The Foundation provides for the important extras that make LRH special and frequently for the advances that keep LRH on the leading edge of care and technology.The Foundation's philosophy is one of involved, empowered philanthropy as we encourage donors: -To be hands on -To learn about and continue to follow the impact of their gifts -To help drive future philanthropy programs -To be partners with the Foundation in building awareness and in helping to improve community health 17 15 0 1451 0 0 4214310 2205038 0 0 69418 190634 -275876 345508 4007852 2741180 4507084 2001336 0 0 554406 588566 0 0 508357 282486 308782 5343976 2898684 -1336124 -157504 42615155 45532088 84513 194909 42530642 45337179 See schedule O for the organization's mission 0 0 2001336 2001336 415479 All of the Foundation's programs serve to further the quality of patient care at Lakeland Regional Health to deliver nationally recognized healthcare, strengthen the health of the community and advance the future of healthcare for those it serves. 2001336 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 17 15 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X George Eighmy 8636871101 210 S Florida Ave 3rd Floor Lakeland FL 33801 X Brad Crenshaw Past Chair 1.00 X 0 0 0 Robert Sorenson Jr Chair 1.00 X 0 0 0 Lance Green Secretary/Treasurer 1.00 50.00 X X 0 747140 148152 Nolen Bailey Director 1.00 X 0 0 0 Ashley Barnett Director 1.00 X 0 0 0 Dr Donna Bhisitkul Director 1.00 X 0 0 0 Michael DelBovo Sr Director 1.00 X 0 0 0 Gregory Fancelli Director 1.00 X 0 0 0 Justin Hollis Director 1.00 X 0 0 0 Hamilton Hooks Director 1.00 X 0 0 0 Kim McKeel Director 1.00 X 0 0 0 Jaimi Miller Vice Chair 1.00 X 0 0 0 Kathleen Munson Director 1.00 X 0 0 0 E Blake Paul Director 1.00 X 0 0 0 Dennis Odisho Director 1.00 X 0 0 0 Ashley Troutman Director 1.00 X 0 0 0 Danielle Drummond President/CEO of LRHS 1.00 50.00 X X 0 1292236 222548 Timothy Boynton SVP - Development/Chief Public Relations and Commu 1.00 50.00 X 0 441305 99934 0 2480681 470634 0 0 1 0 0 70312 2134726 2205038 190634 190634 121280 70312 191251 -69971 -69971 Change in NPV Discount on Pledges 900099 415479 415479 415479 2741180 415479 0 120663 2001336 2001336 588566 294283 294283 11145 11145 3237 3237 4147 4147 Prospective Donor Culti 167108 167108 Special Events/Fundrais 46966 46966 Charitable Gift Annuity 25667 25667 Donor Recognition 1483 1483 49029 49029 2898684 2001336 388991 508357 1047226 6763853 23582177 17116715 14424 14424 0 0 17824087 21483952 161665 167568 42615155 45532088 84383 194827 130 82 84513 194909 X 8901619 11701073 33629023 33636106 42530642 45337179 42615155 45532088 X -157504 3500800 -536759 X 0 1 X 1 0 X X X 2 Lakeland Regional Medical Center Inc 592650456 3 1 2000000 0 Lakeland Regional Health Systems Inc 592650464 7 1 0 0 2 2000000 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1538285 1538285 1538285 1538285 1538285 1538285 1538285 1538285 1538285 1538285 1.00000 0 0 14424 14424 0 0 X 4226000 3500800 75793 3576593 649407 2091773 2091773 2741180 1064000 192318 192318 871682 2027002 2027002 2898684 Part V, Line 4: The purpose of the organization's endowment fund is to grow the corpus of the fund with the unrestricted earnings from the invested endowment funds used to support the mission of the organization. Part X, Line 2: The Parent, Medical Center, and Foundation have been recognized by the Internal Revenue Service as tax-exempt organizations as described in Section 501(c)(3) of the Internal Revenue Code of 1986. Income earned in furtherance of the organizations tax-exempt purposes is exempt from federal and state income taxes. Income taxes related the Health System s ownership interests in joint venture partnerships are not material to the Health System. U.S. GAAP requires the Health System s management to evaluate tax positions taken by the Health System and recognize a tax liability (or asset) if the Health System has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. The Health System has analyzed its tax positions and has concluded that as of September 30, 2024, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) in the consolidated financial statements or disclosure in the notes to the consolidated financial statements. The Health System is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The Health System believes it is no longer subject to income tax examination for tax years prior to 2020. Part XI, Line 2d - Other Adjustments: Fundraising Net Loss 69,971. Other Adjustment 5,822. Part XI, Line 4b - Other Adjustments: Investment Income in Net Assets 45,272. Contributions in Net Assets 1,631,022. Change in NPV of Pledges 415,479. Part XII, Line 2d - Other Adjustments: Fundraising Expenses Netted with Revenues 191,251. Other Adjustment 1,067. Part XII, Line 4b - Other Adjustments: Grants Not Reported in Audit Expenses 2,027,002. Promise Run 94008 65062 28946 92659 WIP Luncheon 52750 5250 47500 3903 82021 1 44834 0 44834 12668 191592 70312 121280 3903 187348 191251 -69971 1 Lakeland Regional Medical Center 1324 Lakeland Hills Blvd Lakeland FL 33805 592650456 501(c)(3) 2001336 0 To provide general support to Lakeland Regional Medical Center, Inc. 1 Part I, Line 2: Lakeland Regional Medical Center Foundation provides support to Lakeland Regional Medical Center, a related 501(c)(3) organization, as part of its exempt purpose. 0 1 0 0 0 0 0 0 0 Lance Green Secretary/Treasurer 0 582737 0 64240 0 100163 0 115446 0 32706 0 895292 0 89635 Danielle Drummond President/CEO of LRHS 0 1017558 0 192169 0 82509 0 199312 0 23236 0 1514784 0 70815 Timothy Boynton SVP - Development/Chief Public Relat 0 334876 0 39477 0 66952 0 74582 0 25352 0 541239 0 58523 Part I, Line 4b Danielle Drummond - President and Chief Executive Officer - participated in a supplemental nonqualified deferred compensation plan. She had $82,086 of taxable benefits during calendar year 2023. This amount is included in Part II Column (B)(iii). She had an additional $182,812 of nontaxable benefits accrue during calendar year 2023. This amount is included in Part II Column C. Lance Green - Executive VP and Chief Financial Officer - participated in a supplemental nonqualified deferred compensation plan. He had $100,138 of taxable benefits during calendar year 2023. This amount is included in Part II Column (B)(iii). He had an additional $98,946 of nontaxable benefits accrue during calendar year 2023. This amount is included in Part II Column C. Timothy Boynton - SVP of Development and Chief Public Relations and Communications Officer - participated in a supplemental nonqualified deferred compensation plan. He had $66,877 of taxable benefits during calendar year 2023. This amount is included in Part II Column (B)(iii). He had an additional $59,332 of nontaxable benefits accrue during calendar year 2023. This amount is included in Part II Column C. Form 990, Part VI, Section A, line 6 Lakeland Regional Health Systems, Inc. (LRHS) is the sole member of the Foundation. Form 990, Part VI, Section A, line 7a Lakeland Regional Health Systems, Inc. (LRHS) has oversight of the Foundation's Board of Directors. The Foundation develops the slate of directors, the Foundation's budget, etc. and submits for approval to the LRHS Board. Form 990, Part VI, Section A, line 7b Lakeland Regional Health Systems, Inc. (LRHS) has oversight of the Foundation's Board of Directors. The Foundation develops the slate of directors, the Foundation's budget, etc. and submits for approval to the LRHS Board. Form 990, Part VI, Section B, line 11b The prepared Form 990 is reviewed prior to filing by senior management, including the CEO and CFO of Lakeland Regional Health System ("LRHS"). The Form and schedules related to compensation are reviewed by the Executive and Physician Compensation Committee of the LRHS Board. Additionally, the Form and schedules are reviewed by the LRHS Board and the Foundation's Board of Directors prior to submission to the IRS. Form 990, Part VI, Section B, line 12c Lakeland Regional Medical Center Foundation has a conflict of interest policy which is monitored by the Corporate Integrity Services department. All new hires, students, volunteers and contractors are trained on the ethics policy during general orientation. All staff is to comply with ethics training annually as part of their mandatory education requirements. Annually, a certification is required by all managers, directors, and officers who must acknowledge that the policy was read, understood and will be abided by. A 24 hour Compliance Hotline is available. Form 990, Part VI, Section B, line 15 Compensation is paid to the Foundation's executive director by Lakeland Regional Medical Center, Inc. (LRMC). The Executive and Physician Compensation Committee (the "Committee") of the Board of LRMC is charged with determining, in advance, all compensation issues for all officers of the organization. Only independent and "disinterested" persons may serve as members of the Committee and no member may be employed by the organization or any of its affiliates. The Committee engages an independent nationally recognized human resources management consulting firm which specializes in executive and employee compensation in the health care industry. This firm, among other things: a. Conducts a competitive executive total cash compensation analysis relative to comparable healthcare organizations nationally; and b. Conducts a competitive executive benefits analysis relative to comparable healthcare organizations; and c. Conducts a competitive executive total compensation analysis relative to comparable healthcare organizations; and d. Assists the Committee in ensuring compliance with regulatory requirements; and e. Provides guidance and counsel to the Committee and Board in matters relating to executive compensation; and f. Participates in Committee meetings and presents its findings and recommendations to the committee and to the Board. In determining compensation, the Committee relies on the independent, reliable market data presented by the consulting firm to set all compensation levels and the consulting firm's opinion as to the reasonableness of total compensation to be paid to the executives of the organization. The Committee fully documents the basis for all determinations and records, at a minimum: 1) the terms of the compensation agreement and the date on which it was approved; 2) the members of the Committee who were present during the discussion and those who voted on it; 3) the comparability data used and its source; and 4) the basis for the ultimate decision. In fulfilling its responsibility, the Committee has full authority to consult with outside counsel to the organization or Committee-engaged counsel, regarding the legality of the compensation and other legal issues which may be relevant to the Committee's responsibilities. Form 990, Part VI, Section C, line 19 The Foundation's Articles of Incorporation are public records and may be obtained from the State of Florida's Division of Corporations in Tallahassee, Florida. Other requests for documents and information from the public and the media are handled and considered on a case by case basis. Form 990, Part VII, Section A Danielle Drummond and Lance Green, members of the Lakeland Regional Medical Center Foundation, Inc.'s Board of Directors, received reportable related compensation for management services provided to Lakeland Regional Medical Center. They did not receive any compensation for serving on the Board of Directors. Form 990, Part XI, line 9: Fundraising Net Loss -121,280. Change in NPV of Pledges -415,479. Lakeland Regional Medical Center Inc 1324 Lakeland Hills Boulevard Lakeland FL 33805 592650456 Hospital FL 501(c)(3) Line 3 Lakeland Regional Health Systems Inc 0 Lakeland Regional Health Systems Inc 1324 Lakeland Hills Boulevard Lakeland FL 33805 592650464 Support Other 501(c)(3) organizations FL 501(c)(3) Line 12a, I N/A 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0