Attach to Form 990 or 990-EZ.| Identifier | Return Reference | Explanation |
|---|---|---|
| REVIEWING THE 990 | PART VI, SECTION B, LINE 11B | The Form 990 is prepared by an accounting firm and then reviewed by the controller and vp of finance. Once comments from the controller and vp of finance have been incorporated into the Form 990, the Form 990 is made available to the Finance Committee of its parent organization, HSC Foundation, for their review, followed by a meeting of the HSC Foundation Finance Committee in which the Form 990 is presented and any questions are answered. After the Finance Committee meeting, the Form 990 is made available to all members of the organization's Board of Directors for their review and comments. |
| MONITORING CONFLICTS | PART VI, SECTION B, LINE 12C | 2013 Holdings, Inc. falls underneath the HSC Foundation's Conflict of Interest Policy. Under that policy, whenever a potential conflict arises for the Board of Directors and Officers, it is brought to the attention of the President and Executive Committee of the HSC Foundation Board, which analyzes the situation and makes a determination of whether or not an actual conflict exists. If it is determined that an actual conflict exists, the President and Executive Committee Reports to the Board of Directors regarding the nature of the conflict and that person is thereafter recused from any discussion and vote regarding the matter. There are individuals directly employed by 2013 Holdings, Inc. |
| OTHER CHANGES IN NET ASSETS | PART XI, LINE 5 | UNREALIZED LOSS ON INTEREST RATE SWAP (1,114,482) |
| MAKING DOCUMENTS AVAILABLE | PART VI, SECTION C, LINE 19 | THIS ORGANIZATION MAKES THEIR GOVERNING DOCUMENTS AND FINANCIALS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| DETERMINING EXECUTIVE COMPENSATION | PART V, LINE 15 | The organization relied on a related organization, HSC Foundation, to determine executive compensation. HSC Foundation has adopted an Executive Compensation policy. Under that policy, the organization uses a four step approach to executive compensation: 1. The executive committee is made up of independent Board members without a conflict of interest, to establish and determine the reasonableness of total compensation for the system's disqualified executives and forwards to the full Board for approval. 2. Periodically, the executive committee will engage an independent consultant to prepare a detailed written report on appropriate comparability data for comparable positions. 3. The Executive Committee reviews and relies upon the report of the independent consultant, along with other individual and market data, then debates and fully documents its decision about what is reasonable compensation for disqualified executives. 4. Once the Executive Committee develops executive compensation recommendations, they are presented to the System's full Board for ratification. |
| HOURS DEVOTED FOR RELATED ORGANIZATION | FORM 990 PART VII | NAME:THOMAS CHAPMAN TITLE:PRESIDENT/CEO HOURS:40 |
| HOURS DEVOTED FOR RELATED ORGANIZATION | FORM 990 PART VII | NAME:NANCY SOUTHERS TITLE:VP FINANCE HOURS:40 |
| HOURS DEVOTED FOR RELATED ORGANIZATION | FORM 990 PART VII | NAME:JESSIE MACKINNON TITLE:VP/COO HOURS:40 |
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