Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
|---|---|
| Form 990, Part VI, Section A, line 2 | Many of the persons listed on Part VII have a "business relationship" with each other by virtue of employment for Providence Health System related entities. |
| Form 990, Part VI, Section A, line 6 | Providence Building Corporation has a single corporate member, Providence Health System (f/k/a Seton Health Corporation of South Alabama). |
| Form 990, Part VI, Section A, line 7a | Providence Building Corporation has a single corporate member, Providence Health System (f/k/a Seton Health Corporation of South Alabama), who has the ability to elect members to the governing body of Providence Building Corporation. |
| Form 990, Part VI, Section A, line 7b | All decisions that have a material impact to Providence Building Corporation financial information or corporation as a whole are subject to approval by its sole corporate member, Providence Health System (f/k/a Seton Health Corporation of South Alabama). |
| Form 990, Part VI, Section B, line 11 | Management, including certain officers, works diligently to complete the Form 990 and attached schedules in a thorough manner. Management presents the Form to the Board, or a designated committee, to review. Prior to filing the return, all Board Members are provided the Form 990 and management team members are available to answer any Board Members questions. |
| Form 990, Part VI, Section B, line 12c | The organization regularly and consistently monitors and enforces compliance with the Conflict of Interest Policy in that any director, principal officer, or member of a committee with governing board delegated powers, who has a direct or indirect financial interest, must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of the committees with governing board delegated powers considering the proposed transaction or arrangement. The remaining individuals on the governing board or committee meeting will decide if conflicts of interest exist. Each director, principal officer and member of a committee with governing board delegated powers annually signs a statement which affirms such person has received a copy of the Conflict of Interest Policy, has read and understands the policy, has agreed to comply with the policy, and understands that the organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish its tax-exempt purpose. |
| Form 990, Part VI, Section B, line 15 | In determining compensation of the organization's President, the process, performed by Ascension Health, a related organization of Providence Building Corporation, included a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision. The Compensation Committee reviewed and approved the compensation. In the review of the compensation, the President was compared to individuals at other organizations in the area who hold the same title. During the review and approval of the compensation, documentation of the decision was recorded in the committee minutes. The individual was not present when his compensation was decided. The Board of Directors shall exercise all power of the Corporation not otherwise reserved to Ascension Health or to the Sponsors. Clark P. Christianson is an Ex-officio member of the board with voting privileges. He serves on all Boards within the Health Ministry and is President and CEO of Providence Hospital. In determining compensation of the key employee of the organization, the process performed by Providence Health System, a related organization of Providence Building Corporation, included a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision. The Compensation Committee reviewed and approved the compensation. In the review of the compensation, the key employee of the organization was compared to individuals at other organizations in the area who hold the same title. During the review and approval of the compensation, documentation of the decision was recorded in the committee minutes. |
| Form 990, Part VI, Section C, line 19 | The organization will provide any documents open to public inspection upon request. |
| Form 990, Part XI, line 9: | Change Equity in South Coast Real Estate Venture, LLC -196,704. |
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