Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for instructions and the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
| (A)
STC HEALTHCARE PARTNERS LLC |
843467958 | 3 | Yes | 0 | 0 | |
|
Total 1
|
0 | |||||
Calendar year
(or fiscal year beginning in)
![]() |
(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | ||||||
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf .... | ||||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 4 | Total. Add lines 1 through 3 | ||||||
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) .. | ||||||
| 6 | Public support. Subtract line 5 from line 4. | ||||||
Calendar year
(or fiscal year beginning in)
![]() |
(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | ||||||
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | ||||||
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | ||||||
| 11 | Total support. Add lines 7 through 10 | ||||||
Calendar year (or fiscal
year beginning in) ![]() |
(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | ||||||
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | ||||||
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | ||||||
| 6 | Total. Add lines 1 through 5 | ||||||
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | ||||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | ||||||
| c | Add lines 7a and 7b.. | ||||||
| 8 | Public support. (Subtract line 7c from line 6.) | ||||||
Calendar year
(or fiscal year beginning in)
![]() |
(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | ||||||
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | ||||||
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | ||||||
| 11 | Net income from unrelated business activities not included on line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | ||||||
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
||||
| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
||||
| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
|||||
| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by 0.035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | 1 | |
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
2 | |
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | 3 | |
| 4 Amounts paid to acquire exempt-use assets | 4 | |
| 5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI) | 5 | |
| 6 Other distributions (describe in Part VI). See instructions | 6 | |
| 7Total annual distributions. Add lines 1 through 6. | 7 | |
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
8 | |
| 9 Distributable amount for 2024 from Section C, line 6 | 9 | |
| 10 Line 8 amount divided by Line 9 amount | 10 | |
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2024 |
(iii) Distributable Amount for 2024 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2024 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2024 (reasonable cause required-- explain in Part VI).
See instructions. |
||||
| 3 Excess distributions carryover, if any, to 2024: | ||||
| a From 2019....... | ||||
| b From 2020....... | ||||
| c From 2021....... | ||||
| d From 2022....... | ||||
| e From 2023....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2024 distributable amount | ||||
|
i
Carryover from 2019 not applied (see instructions) |
||||
| j Remainder. Subtract lines 3g, 3h, and 3i from line 3f. | ||||
| 4Distributions for 2024 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2024 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from line 4. | ||||
|
5
Remaining underdistributions for years prior to 2024, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
||||
|
6
Remaining underdistributions for 2024. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
||||
|
7 Excess distributions carryover to 2025. Add lines 3j and 4c. |
||||
| 8 Breakdown of line 7: | ||||
| a Excess from 2020..... | ||||
| b Excess from 2021..... | ||||
| c Excess from 2022..... | ||||
| d Excess from 2023..... | ||||
| e Excess from 2024..... | ||||
| Facts And Circumstances Test |
|---|
| Return Reference | Explanation |
|---|
| Software ID: | |
| Software Version: |
| Return Reference | Explanation |
|---|---|
| FORM 990, PAGE 1, PART I, LINE 6 | BOARD MEMBERS WITHOUT COMPENSATION ARE VOLUNTEERS. |
| FORM 990, PAGE 2, PART III, LINE 4A | THE COMMUNITY ORAL HEALTH INITIATIVES (COHI) IMPROVES CHILDREN'S ORAL HEALTH IN NORTH PHILADELPHIA VIA A MOBILE DENTAL UNIT AND OUTREACH. IT OFFERS NO-COST DENTAL SERVICES TO LOW-INCOME, UNINSURED CHILDREN FACING ACCESS BARRIERS. USING A FIVE-POINT STRATEGY-AWARENESS, EDUCATION, PREVENTION, EARLY INTERVENTION, AND TREATMENT-THE PROGRAM SERVES CHILDREN AGES SIX MONTHS TO SEVENTEEN. COHI PARTNERS WITH COMMUNITY ORGANIZATIONS AND PHILADELPHIA SCHOOLS TO DELIVER PREVENTIVE AND RESTORATIVE ORAL HEALTHCARE AT SCHOOLS. IT ALSO OPERATES AS A YEAR-ROUND DENTAL HOME WITH AFTER-SCHOOL AND EVENING HOURS AT ST. CHRISTOPHER'S HOSPITAL FOR CHILDREN. FRESH TO YOU (F2Y) IS A COLLABORATIVE, COMMUNITY-BASED EFFORT TO IMPROVE THE DIETS AND HEALTH OF CHILDREN AND FAMILIES IN PHILADELPHIA BY ADDRESSING OBSTACLES TO HEALTHY EATING. ST. CHRISTOPHER'S HOSPITAL FOR CHILDREN FOUNDATION PARTNERS WITH LANCASTER FARM FRESH COOPERATIVE (LFFC) AND CARVERSVILLE FARM FOUNDATION (CARVERSVILLE) TO PROVIDE NUTRITIOUS, FRESH AND LOCAL FOODS. F2Y PROVIDES INFORMATION ON NUTRITION AND FOOD PREPARATION. LFFC AND CARVERSVILLE DELIVER MOSTLY ORGANIC AND LOCAL FRESH FOOD TO RONALD MCDONALD HOUSE PHILADELPHIA, WHERE VOLUNTEERS PACK BOXES FOR THE FAMILIES. THE MAJORITY OF THE PRODUCE IS ORGANICALLY GROWN, PICKED FRESH AND BROUGHT TO PHILADELPHIA THE NEXT DAY - MAKING IT SOME OF THE HEALTHIEST FOOD AVAILABLE IN THE COUNTRY. FOOD CONNECT, A NOT-FOR-PROFIT DELIVERY PARTNER, PROVIDES HOME DELIVERY. THE PRODUCE, ORGANIC EGGS, AND HOME DELIVERY ARE PROVIDED FREE OF CHARGE TO THE FAMILIES. |
| FORM 990, PART V | ST. CHRISTOPHER'S HOSPITAL FOR CHILDREN FOUNDATION USES A THIRD-PARTY COMPANY FOR ACCOUNTS PAYABLE AND PAYROLL PROCESSING. THE THIRD-PARTY COMPANY PROCESSES FORM W-2 AND 1099S OF FORM 1096. |
| FORM 990, PAGE 6, PART VI, LINE 4 | ARTICLES OF AMENDMENT WERE FILED WITH THE PENNSYLVANIA DEPARTMENT OF STATE BUREAU OF CORPORATIONS AND CHARITABLE ORGANIZATIONS TO CHANGE THE NAME OF THE CORPORATION FROM ST. CHRISTOPHER'S FOUNDATION FOR CHILDREN TO ST. CHRISTOPHER'S HOSPITAL FOR CHILDREN FOUNDATION. THE CORPORATION HAS A SOLE MEMBER, STC HEALTHCARE PARTNERS, LLC (EIN 84-3467958), A PENNSYLVANIA LIMITED LIABILITY COMPANY THAT IS RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS A PUBLIC CHARITY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE AMENDED AND RESTATED ARTICLE OF INCORPORATION ARE EFFECTIVE AS OF OCTOBER 1, 2024. |
| FORM 990, PAGE 6, PART VI, LINE 6 | ST. CHRISTOPHER'S HOSPITAL FOR CHILDREN FOUNDATION SHALL HAS A SOLE MEMBER STC HEALTHCARE PARTNERS, LLC (EIN 84-3467958), A PENNSYLVANIA LIMITED LIABILITY COMPANY THAT IS RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS A PUBLIC CHARITY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. |
| FORM 990, PAGE 6, PART VI, LINE 7A | THE CORPORATION HAS A SOLE MEMBER, STC HEALTHCARE PARTNERS, LLC, A PENNSYLVANIA LIMITED LIABILITY COMPANY THAT IS RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS A PUBLIC CHARITY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE). EACH MEMBER(TOWER HEALTH AND DREXEL UNIVERSITY) OF THE MEMBER (STC HEALTHCARE PARTNERS, LLC) MAY DESIGNATE UP TO TWO (2) TRUSTEES TO BE APPOINTED BY THE MEMBER AS A MEMBER-RELATED TRUSTEE. ANY MEMBER DESIGNEE SHALL BE A DIRECTOR, TRUSTEE OR SENIOR EXECUTIVE STAFF MEMBER OF, THE MEMBER OF THE MEMBER (MEMBER-RELATED TRUSTEES). MEMBER-RELATED TRUSTEES SHALL SERVE UNTIL HE OR SHE RESIGNS OR IS REPLACED BY THE MEMBERS MEMBER WHO DESIGNATED THE INDIVIDUAL. THE REMAINING TRUSTEES APPOINTED BY THE MEMBER SHALL BE INDEPENDENT OF THE FOUNDATION, THE MEMBER, AND THE MEMBERS MEMBERS (INDEPENDENT TRUSTEES). EACH TRUSTEE, INCLUDING THE EX- OFFICIO TRUSTEES, SHALL HAVE ONE VOTE. AN AFFIRMATIVE VOTE OF THE MAJORITY OF THOSE PRESENT AT THE MEETING AT WHICH A QUORUM IS PRESENT, INCLUDING AN AFFIRMATIVE VOTE OF AT LEAST ONE MEMBER-RELATED TRUSTEE, WILL BE REQUIRED FOR ANY ACTION TO BE APPROVED. |
| FORM 990, PAGE 6, PART VI, LINE 7B | NOTWITHSTANDING ANY OTHER PROVISION OF THESE BYLAWS TO THE CONTRARY, THE FOLLOWING FUNDAMENTAL CHANGES AND MATERIAL ACTIONS OF THE BOARD OF TRUSTEES SHALL REQUIRE THE APPROVAL IN ADVANCE OF THE STC HEALTHCARE PARTNERS, LLC (THE MEMBER). (A) ANY CHANGE IN OR DIVERGENCE FROM THE STATED MISSION AND PURPOSE OF THE FOUNDATION; (B) ANY AMENDMENT OF THESE BYLAWS; (C) ANY AMENDMENT OF THE ARTICLES OF INCORPORATION; (D) THE APPOINTMENT AND REMOVAL OF INDEPENDENT AND EMERITUS TRUSTEES (AS DESCRIBED IN ARTICLE VI); (E) ANY MERGER, CONSOLIDATION, AFFILIATION, OR TRANSFER OF SUBSTANTIALLY ALL OF THE FOUNDATIONS ASSETS; (F) ANY REORGANIZATION, RECAPITALIZATION, DIVISION, CONVERSION, LEASE OR EXCHANGE OF SUBSTANTIALLY ALL OF THE ASSETS, DISSOLUTION, LIQUIDATION, OR ANY OTHER MODIFICATION OF THE STRUCTURE OR AFFILIATIONS AFFECTING THE AUTONOMY, GOVERNANCE, OR OPERATIONS OF THE FOUNDATION AND ITS LEGAL RELATIONSHIP WITH THE MEMBER; (G) ANY CHANGE IN THE FEDERAL TAX EXEMPT STATUS OF THE CORPORATION; (H) ANY RELOCATION OF THE FOUNDATION OR ESTABLISHMENT OF ANY ADDITIONAL ENTITY, CORPORATE ASSOCIATION, OR SUBSIDIARY; (I) ANY GIFT, GRANT, DONATION, LOAN, DEVISE, OR TRANSFER OF ASSETS TO ANOTHER PERSON OF AN AMOUNT OR VALUE IN EXCESS OF A FINANCIAL THRESHOLD ESTABLISHED BY THE MEMBER; (J) ANY PLEDGE, LOAN, OR INCURRENCE OF DEBT IN EXCESS OF THE FINANCIAL THRESHOLD ESTABLISHED BY THE BOARD; (K) ACCEPTANCE OF ANY GRANT, DONATION, OR CONTRIBUTION OF ASSETS OTHER THAN AS PROVIDED FOR IN THE FOUNDATIONS GIFT ACCEPTANCE POLICY; (L) THE ANNUAL OPERATING OR CAPITAL BUDGET, AND ANY AMENDMENTS THERETO; AND (M) ANY ACT OUTSIDE THE ORDINARY COURSE OF THE FOUNDATIONS ACTIVITIES AND AFFAIRS. |
| FORM 990, PAGE 6, PART VI, LINE 11B | THE FORM 990 IS PREPARED BY TOWER HEALTH STAFF AND REVIEWED BY AN EXTERNAL TAX ADVISOR AND POSTED TO THE BOARD PORTAL FOR BOARD MEMBERS TO VIEW PRIOR TO FILING WITH THE IRS. BOARD MEMBERS ARE ALERTED TO INFORMATION AND NOTICES. A PAPER COPY OF FORM 990 IS AVAILABLE UPON REQUEST FOR ANY BOARD MEMBER UNABLE TO VIEW THE PORTAL. |
| FORM 990, PAGE 6, PART VI, LINE 12C | IT IS THE POLICY OF ST. CHRISTOPHER'S HOSPITAL FOR CHILDREN FOUNDATION TO REQUIRE EACH BOARD MEMBER, OFFICER AND KEY EMPLOYEE TO SUBMIT IN WRITING TO STC HEALTHCARE PARTNERS, LLC A LIST OF BUSINESS OR OTHER ORGANIZATIONS OF WHICH THE MEMBER OR MEMBER'S SPOUSE IS AN OFFICER, DIRECTOR, MEMBER EMPLOYEE OR OWNER (35% OR GREATER SHARE) WITH WHICH THE COMPANY MIGHT REASONABLE ENTER INTO A RELATIONSHIP OR A TRANSACTION IN WHICH THE BOARD MEMBER, OFFICER AND KEY EMPLOYEE WOULD HAVE CONFLICTING INTERESTS. EACH YEAR A COPY OF THE WRITTEN STATEMENT WILL BE SENT TO THE BOARD MEMBER FOR UPDATING AND RESUBMISSION AND BY WHICH THE BOARD MEMBER, OFFICER AND KEY EMPLOYEE SHALL CONFIRM HIS OR HER AWARENESS OF THIS POLICY. PROCEDURES FOR ADDRESSING A CONFLICT OF INTEREST: (A) AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE BOARD OR COMMITTEE MEETING, BUT AFTER SUCH PRESENTATION, HE OR SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT THAT RESULTS IN THE CONFLICT OF INTEREST. (B) THE CHAIR OF THE BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. (C) AFTER EXERCISING DUE DILIGENCE, THE BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE FOUNDATION CAN OBTAIN A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT WITH REASONABLE EFFORTS FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. (D) IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY ATTAINABLE UNDER CIRCUMSTANCES THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST, THE BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED TRUSTEES WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE FOUNDATIONS BEST INTEREST AND FOR ITS OWN BENEFIT AND WHETHER THE TRANSACTION IS FAIR AND REASONABLE TO THE FOUNDATION AND SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT IN CONFORMITY WITH SUCH DETERMINATION. (E) IF THE BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE THAT AN INDIVIDUAL SUBJECT TO THE CONFLICTS OF INTEREST POLICY HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD HIM OR HER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. (F) IF, AFTER HEARING THE RESPONSE OF THE INDIVIDUAL AND MAKING SUCH FURTHER INVESTIGATION AS MAY BE WARRANTED IN THE CIRCUMSTANCES, THE BOARD OR COMMITTEE DETERMINES THAT THE INDIVIDUAL HAS IN FACT FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. |
| FORM 990, PAGE 6, PART VI, LINE 15A | IT SHALL BE THE PROCESS OF ST. CHRISTOPHER'S HOSPITAL FOR CHILDREN FOUNDATION TO FOLLOW THE STC HEALTHCARE PARTNERS LLC COMPENSATION PROCESS FOR EXECUTIVE MANAGEMENT, OTHER OFFICERS AND KEY EMPLOYEES. STC HEALTHCARE PARTNERS LLC FOLLOWS THE TOWER HEALTH COMPENSATION PROCESS. THE TOWER HEALTH BOARD OF DIRECTORS HAS DULY APPOINTED AN EXECUTIVE COMPENSATION COMMITTEE (THE "COMMITTEE"), WHICH IS RESPONSIBLE FOR THE REVIEW AND APPROVAL OF ALL COMPENSATION AND BENEFITS PROVIDED TO STC HEALTHCARE PARTNERS LLC'S EXECUTIVE MANAGEMENT. THE COMMITTEE HAS ADOPTED A WRITTEN EXECUTIVE COMPENSATION PHILOSOPHY STATEMENT AND AN EXECUTIVE COMPENSATION COMMITTEE CHARTER GOVERNING THE WORK AND REVIEW PROCESS OF THE COMMITTEE. THE COMMITTEE FOLLOWS THE PROCEDURES DESCRIBED IN THE PHILOSOPHY STATEMENT AND THE CHARTER WHEN IT REVIEWS AND APPROVES THE COMPENSATION AND EMPLOYEE BENEFITS PROVIDED TO SENIOR MANAGEMENT, INCLUDING THE CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER AT STC HEALTHCARE PARTNERS, LLC. THE COMMITTEE'S REVIEW ANALYZES EVERY ELEMENT OF COMPENSATION, INCLUDING CURRENT AND DEFERRED COMPENSATION, AND BENEFITS, INCLUDING QUALIFIED AND NON-QUALIFIED BENEFITS. THE COMMITTEE CONDUCTS ITS REVIEW AND APPROVAL PROCESS AT LEAST ANNUALLY AND APPROVES COMPENSATION AND BENEFITS ONLY TO THE EXTENT THAT THE COMMITTEE HAS CONCLUDED THAT THE COMPENSATION AND BENEFITS CONSTITUTE NO MORE THAN REASONABLE COMPENSATION FOR EACH EXECUTIVE. THE COMMITTEE CONSISTS ENTIRELY OF DISINTERESTED MEMBERS OF THE TOWER HEALTH BOARD, AND THE COMMITTEE WORKS WITH AN INDEPENDENT COMPENSATION CONSULTANT TO PREPARE AND REVIEW IN ADVANCE COMPREHENSIVE DATA SHOWING THE COMPENSATION PROVIDED BY SIMILARLY SITUATED ORGANIZATIONS FOR FUNCTIONALLY SIMILAR POSITIONS. THE COMMITTEE ALSO PREPARES A TIMELY AND THOROUGH WRITTEN RECORD OF ITS DELIBERATIONS AND CONCLUSIONS. AS A RESULT, THE COMMITTEE'S REVIEW PROCESS IS DESIGNED TO SATISFY THE PROCEDURAL CRITERIA NECESSARY TO QUALIFY FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS UNDER THE FEDERAL INCOME TAX LAW INTERMEDIATE SANCTIONS RULES. |
| FORM 990, PAGE 6, PART VI, LINE 15B | SAME RESPONSE AS LINE 15A WHICH INCLUDES KEY EMPLOYEES. |
| FORM 990, PAGE 6, PART VI, LINE 19 | THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. |
| FORM 990, PART IX, LINE 11G | OTHER FEES 261,733 0 0 OTHER FEES 0 63,043 0 TOTAL 261,733 63,043 0 |
| FORM 990, PART XI, LINE 9 | ASSETS RELEASED FROM RESTRICTION 125,480 |
| Software ID: | |
| Software Version: |