2024-07-16T10:14:08-05:00 2023-12-31 420714325 RSM US LLP 227 WEST FIRST STREET SUITE 700 DULUTH MN 55802 990 2023-01-01 410845733 HENNEPIN HEALTH FOUNDATION HENN 6129634857 701 PARK AVE MINNEAPOLIS MN 55415 THERESA PESCH RN PRESIDENT, HHF 6129634857 2024-07-08 1 THERESA PESCH RN 999009999 0 JULIE BOYER P01278549 2187275025 2024-07-08 3 AAL1 IAL1 2023 2023-04-26 12:10:37Z HENNEPIN HEALTHCARE FOUNDATION THERESA PESCH RN 701 PARK AVE MINNEAPOLIS MN 55415 16819366 0 X WWW.HENNEPINHEALTHCARE.ORG X 1958 MN TO RAISE AND ADMINISTER PHILANTHROPIC SUPPORT FOR HENNEPIN HEALTHCARE SYSTEM, INC.HENNEPIN HEALTH FOUNDATION (HHF) SUPPORTS THE MISSION OF HENNEPIN HEALTHCARE SYSTEM, INC. (HHS), MINNESOTA'S LARGEST PUBLIC SAFETY NET AND ACADEMIC MEDICAL CENTER. HENNEPIN HEALTHCARE IS HOME TO THE LARGEST AND BUSIEST TRAUMA CENTER IN THE STATE AND TRAINS THE MAJORITY OF THE PHYSICIANS, NURSES AND CLINICIANS WHO CARE FOR THE CITIZENS OF THIS STATE. HENNEPIN HEALTHCARE'S HOSPITAL AND CLINICS DELIVER MORE THAN 92,000 EMERGENCY AND URGENT CARE VISITS AND APPROXIMATELY 675,000 CLINIC VISITS EACH YEAR. HENNEPIN HEALTH FOUNDATION RAISES AND ADMINISTERS PHILANTHROPIC SUPPORT FOR HENNEPIN HEALTHCARE SYSTEM AND ITS RESEARCH ARM, HENNEPIN HEALTHCARE RESEARCH INSTITUTE (HHRI). 23 20 0 80 0 0 14842337 15264507 420024 497944 551183 939017 30820 -38237 15844364 16663231 10756497 5260142 0 0 2938031 3182563 0 0 2195944 774414 1866226 14468942 10308931 1375422 6354300 34435558 42827793 1225971 1232191 33209587 41595602 X HHF SUPPORTS THE MISSION OF HHS: WE PARTNER WITH OUR COMMUNITY, OUR PATIENTS AND THEIR FAMILIES TO ENSURE ACCESS TO OUTSTANDING CARE FOR EVERYONE, WHILE IMPROVING HEALTH AND WELLNESS THROUGH TEACHING, PATIENT AND COMMUNITY EDUCATION, AND RESEARCH. 0 0 5220405 5176162 497944 INNOVATIONS IN PATIENT CARE: WITH OVER 4,000 PATIENTS AND THEIR FAMILIES SEEKING CARE EACH DAY, EVERY GIFT CAN EMPOWER AND PROVIDE COMFORT DURING TIMES OF UNCERTAINTY. DONATIONS SUPPORT A VARIETY OF URGENT NEEDS OF OUR PATIENT POPULATION, REMOVE BARRIERS TO HEALTHCARE ACCESS, MAXIMIZE TECHNOLOGY TO ADVANCE HEALTHIER OUTCOMES, AND LAUNCH INNOVATIONS THAT EMPOWER PATIENTS AND THEIR FAMILIES TO TAKE CHARGE OF THEIR HEALTH CARE. THERE IS ENORMOUS POTENTIAL TO IMPROVE THE HEALTH OF OUR COMMUNITY, EVEN TARGETING SPECIFIC POPULATIONS OR DISEASES. HENNEPIN HEALTHCARE HAS MANY EFFORTS UNDERWAY TO EXTEND CARE BEYOND THE WALLS OF OUR CLINICS AND HOSPITAL. THROUGH MVNA AND HOSPICE OF THE TWIN CITIES, HHS EXPANDS THE OPPORTUNITY FOR DONORS TO SUPPORT THE DELIVERY OF HEALTHCARE IN SHELTERS, PRIVATE HOMES, SCHOOLS, BUSINESSES, AND COMMUNITY CENTERS. EXAMPLES INCLUDE: SUPPORT FOR APPOINTMENT TRANSPORTATION, ACCESS TO CLOTHING AND FOOD, ASSISTANCE WITH MEDICAL EQUIPMENT, LODGING FOR OUT-OF-TOWN FAMILIES, AND ENHANCED SERVICES FOR YOUTH, THE LGBTQ COMMUNITIES, MOTHER-BABY, THOSE IN COUNTY JAIL, AND THE HOMELESS. 931858 81049 EDUCATING THE WORKFORCE OF TOMORROW: HENNEPIN HEALTHCARE IS HOME TO OVER 15 RESIDENCY AND FELLOWSHIP TRAINING PROGRAMS AND IS THE PRIMARY TEACHING AFFILIATE OF THE UNIVERSITY OF MINNESOTA AND MORE THAN 60 MINNESOTA SCHOOLS. WE ARE A PLACE OF LEARNING AND INNOVATION FOR THOUSANDS OF HEALTH CARE PROVIDERS EACH YEAR, INCLUDING: FIRSTRESPONDERS, RESIDENT PHYSICIANS, NURSING STUDENTS, AND MEDICAL STUDENTS IN ROTATIONS. DONATIONS HELP ENHANCE TRAINING OPPORTUNITIES AND RESIDENCY PROGRAMS, PURCHASE EQUIPMENT, AND EXPAND TRAUMA PREVENTION OUTREACH, TELEMEDICINE, AND RURAL HEALTH EDUCATION. 697301 2931 TRAUMA AND CRITICAL CARE: HENNEPIN HEALTHCARE IS HOME TO THE LARGEST AND BUSIEST LEVEL 1 TRAUMA CENTER IN THE STATE, INCLUDING A PEDIATRIC LEVEL 1 TRAUMA CENTER. GENEROSITY PROVIDES FUNDING TO THE PATIENT CARE SERVICES RELATED TO HHS'S LEVEL 1 TRAUMA DESIGNATIONS SUCH AS PATIENT COMFORT IN TRAUMATIC BRAIN INJURY, THE BURN UNIT, STROKE CARE, HEART CLINIC, REGIONAL POISON CENTER AND TOXICOLOGY CARE, CARE DURING AND AFTER TRANSPLANT, AND CARE IN DEALING WITH THE EFFECTS OF DOMESTIC VIOLENCE, SEXUAL ASSAULT, CHILD ABUSE AND NEGLECT. 42338 CLINICAL RESEARCH: INSIGHTS PROVIDED BY MEDICAL RESEARCH AT HENNEPIN HEALTHCARE LOOK TO LESSEN THE IMPACT OF TODAY'S HEALTH PROBLEMS. RESEARCH PRIORITIES INCLUDE: ADDICTION, COVID-19, HEALTH SERVICES, INFECTIOUS DISEASE/HIV, AND ACUTE CARE/TRAUMA. FINANCIAL SUPPORT CAN IMPACT THE SUCCESS OF THIS RESEARCH DIRECTED BY THE HENNEPIN HEALTHCARE RESEARCH INSTITUTE. 42338 6891902 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 1 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 17 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 23 20 0 0 0 0 1 0 1 1 1 0 0 1 1 1 1 1 1 0 0 0 MN X X MARK WILLMERT 6129634857 701 PARK AVE MINNEAPOLIS MN 55415 ALEXIS FRALEY INPATIENT APPLICATIONS MANAGER, DIRECTOR 5.00 40.00 X 0 121750 35096 MEGHAN WALSH CHIEF ACADEMIC & RESEARCH OFFICER, MD, DIRECTOR 5.00 40.00 X 0 503664 58467 ALLYSON BROTHERSON SENIOR MEDICAL DIRECTOR, DIRECTOR 5.00 40.00 X 0 380235 48636 RYAN ANTKOWIAK DIRECTOR 5.00 X 0 0 0 COURTNEY GODFREY DIRECTOR 5.00 X 0 0 0 AILEEN GUINEY JD DIRECTOR 5.00 X 0 0 0 JANTZE HALEY DIRECTOR 5.00 X 0 0 0 LILI HALL DIRECTOR 5.00 X 0 0 0 STANLEY JACKSON FORMER DIRECTOR 5.00 X 0 0 0 ADRIENNE JORDAN DIRECTOR 5.00 X 0 0 0 COURTNEY KIERNAT DIRECTOR 5.00 X 0 0 0 NATHAN KRISHNAN DIRECTOR 5.00 X 0 0 0 JOSEPH LALLY JD DIRECTOR 5.00 X 0 0 0 NATALIE MCGRADY DIRECTOR 5.00 X 0 0 0 CARA MCNAULTY DPA DIRECTOR 5.00 X 0 0 0 BROOKE MOSS PA-CMPH DIRECTOR 5.00 X 0 0 0 LYNNE REDLEAF DIRECTOR 5.00 X 0 0 0 HART ROSENBLATT DIRECTOR 5.00 X 0 0 0 KATIE SEVERT MBA DIRECTOR 5.00 X 0 0 0 CHRIS SHERMAN DIRECTOR 5.00 X 0 0 0 JAMES YOUNG TREASURER 5.00 X X 0 0 0 SUMMRA SHARRIF JD SECRETARY 5.00 X X 0 0 0 REBECCA ANDERSON VICE CHAIR 5.00 X X 0 0 0 CRAIG SAMITT MD MBA BOARD CHAIR 5.00 X X 0 0 0 THERESA PESCH RN VP PHILANTHROPY HHF PRESIDENT 40.00 2.00 X 0 357508 58467 MARK WILLMERT VP OF FINANCE - HHF AND HHRI 20.00 20.00 X 0 195053 29524 AMY CARLSON SR. DIRECTOR MARKETING AND DONOR ENGAGEMENT 40.00 X 0 160717 20046 CHAD BOYSEN FOUNDATION DEVELOPMENT DIRECTOR 40.00 X 0 125202 27657 MARCY LUEDTKE DEVEL PROSP RSRCH & MGMT DIRECTOR 40.00 X 0 159311 19405 JUDY FOX GRANTS DIRECTORS, HHF 40.00 X 0 118211 17012 0 2121651 314310 0 0 1 0 0 190390 10505054 4569063 68588 15264507 FEES 900099 384238 384238 COMMISSIONS 900099 113706 113706 497944 939017 939017 110397 190390 156135 -45738 -45738 OTHER INCOME 900099 7501 7501 7501 16663231 497944 0 900780 5260142 5260142 376004 55728 208820 111456 2143208 201042 682695 1259471 159837 14677 49535 95625 319203 31245 107346 180612 184311 18607 64448 101256 886015 461494 82680 341841 379286 248042 25561 105683 45340 45340 146906 146906 64227 64227 862 862 PATIENT SUPPORTS 186734 186734 PROGRAM SUPPLIES 156856 156856 10308931 6891902 1221085 2195944 5784 0 3390327 734698 32700 86700 19257 19257 0 0 15139784 17632916 13890901 23212117 1976062 1161362 34435558 42827793 37236 76282 1097902 756028 90833 399881 1225971 1232191 X 1997045 2200630 31212542 39394972 33209587 41595602 34435558 42827793 X 6354300 2043992 -12277 X 0 1 X 1 0 X 11329766 10715368 9760828 14842337 15264507 61912806 11329766 10715368 9760828 14842337 15264507 61912806 6226242 55686564 616898 595413 616371 551183 939017 3318882 0 0 7040 29391 0 36431 50531 747 983 1430 7501 61192 65329311 2519633 0.85240 0.75570 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1104 1119486 X 0 3710990 1184865 575956 156296 5315515 4493208 29425 -653264 158379 3710990 4127972 43240 471050 149054 4493208 2610274 1151432 370296 4030 4127972 1911529 339479 359266 2610274 0.00000 1.00000 0.00000 1 0 19257 19257 0 0 FUNDS HELD AT HENNEPIN COUNTY 23212117 F 23212117 PAYABLE TO RELATED PARTIES 399881 399881 X 19067370 2043992 204012 2248004 16819366 -156135 -156135 16663231 10681355 204012 168412 372424 10308931 0 10308931 PART III, LINE 4: THE FOUNDATION'S ART COLLECTION IS DISPLAYED ACROSS HENNEPIN HEALTHCARE SYSTEM IN ORDER TO PROVIDE A HEALING ENVIRONMENT. PART V, LINE 4: THE FOUNDATION MAINTAINS THE ENDOWMENT FUNDS TO SUPPORT OR PROMOTE PROGRAMS THROUGHOUT HENNEPIN HEALTHCARE SYSTEM, INC. PART X, LINE 2: HENNEPIN HEALTH FOUNDATION (HHF) HAS A TAX-EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND MINNESOTA STATUTE AND CORRESPONDING TAX CODES AND, THEREFORE, THE FINANCIAL STATEMENTS DO NOT INCLUDE A PROVISION FOR INCOME TAXES. IT HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER THE IRC AND CHARITABLE CONTRIBUTIONS BY DONORS ARE TAX DEDUCTIBLE. HHF'S 2020-2023 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. HHF FILES AS A TAX EXEMPT ORGANIZATION, SHOULD THAT STATUS BE CHALLENGED IN THE FUTURE, ALL YEARS SINCE INCEPTION WOULD BE SUBJECT TO REVIEW BY THE INTERNAL REVENUE SERVICE. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT DIRECT EXPENSES -156,135. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT DIRECT EXPENSES 156,135. UNCOLLECTIBLE PLEDGES RECOGNIZED AS EXPENSE IN AUDIT REPORT 12,277. LONG TABLE DINNER EVENT 119250 54250 65000 33322 33811 4704 EMERGENCY MED FUND 108355 62958 45397 28939 12173 1 73182 73182 2600 40586 300787 190390 110397 62261 36411 57463 156135 -45738 1 HENNEPIN HEALTHCARE SYSTEM INC 701 PARK AVENUE MINNEAPOLIS MN 55415 421707837 501(C)(3) 5080758 0 PROGRAMMATIC ACTIVITIES INCLUDING FUNDING THE DENTAL CLINIC AND THE REDLEAF CENTER FOR FAMILY HEALING HENNEPIN HEALTHCARE RESEARCH INSTITUTE 701 PARK AVENUE MINNEAPOLIS MN 55415 411677920 501(C)(3) 42338 0 ESTABLISHED ENDOWMENT AND DONATIONS TOWARDS RESEARCH ACTIVITIES FIREFIGHTERS FOR HEALING PO BOX 374 CHAMPLIN MN 55316 800717709 501(C)(3) 137046 0 TO SUPPORT THE CENTER BEING BUILT WHICH WILL HELP FIREFIGHTERS FAMILIES WHILE THE FIREFIGHTERS ARE RECEIVING CARE AT HENNEPIN HEALTHCARE 3 0 PART I, LINE 2: HENNEPIN HEALTHCARE SYSTEM IS REIMBURSED FOR ACTUAL PROGRAM EXPENSES. HENNEPIN HEALTHCARE RESEARCH INSTITUTE RECEIVES TRANSFERS OF DONATIONS TO SUPPORT THEIR MISSION AND RESEARCH PROGRAMS. BECAUSE BOTH ARE RELATED ORGANIZATIONS THE FOUNDATION IS AWARE OF HOW FUNDS ARE USED. 0 0 0 0 0 0 0 0 0 MEGHAN WALSH CHIEF ACADEMIC & RESEARCH OFFICER, M 0 391639 0 110994 0 1031 0 33000 0 25467 0 562131 0 0 ALLYSON BROTHERSON SENIOR MEDICAL DIRECTOR, DIRECTOR 0 312685 0 65051 0 2499 0 29040 0 19596 0 428871 0 0 THERESA PESCH RN VP PHILANTHROPY HHF PRESIDENT 0 272380 0 82995 0 2133 0 33000 0 25467 0 415975 0 0 MARK WILLMERT VP OF FINANCE - HHF AND HHRI 0 177739 0 17149 0 165 0 19633 0 9891 0 224577 0 0 AMY CARLSON SR. DIRECTOR MARKETING AND DONOR ENG 0 137757 0 22960 0 0 0 9686 0 10360 0 180763 0 0 MARCY LUEDTKE DEVEL PROSP RSRCH & MGMT DIRECTOR 0 126340 0 32971 0 0 0 9653 0 9752 0 178716 0 0 ALEXIS FRALEY INPATIENT APPLICATIONS MANAGER, DIRE 0 96932 0 24818 0 0 0 9806 0 25290 0 156846 0 0 CHAD BOYSEN FOUNDATION DEVELOPMENT DIRECTOR 0 108676 0 16526 0 0 0 9835 0 17822 0 152859 0 0 PART I, LINE 3 COMPENSATION IS DETERMINED BY HENNEPIN HEALTHCARE SYSTEM, INC. ("HHS") - HENNEPIN HEALTH FOUNDATION (HHF) HAS NO EMPLOYEES. HHS, THE SOLE MEMBER OF HHF, DETERMINES THE COMPENSATION OF THE PRESIDENT, OTHER HHF OFFICERS AND BOARD MEMBERS, AND ALL HHF EMPLOYEES. THE HHS BOARD OF DIRECTORS ENGAGED AN INDEPENDENT CONSULTING FIRM TO EVALUATE THE BASE AND TOTAL CASH COMPENSATION FOR THE CEO AND OTHER QUALIFIED EXECUTIVES. THE FIRM GATHERED COMPARABILITY DATA ACCORDING TO THE ASSUMPTIONS OUTLINED IN HHS' COMPENSATION PHILOSOPHY, INCLUDING DATA RELEVANT TO OTHER ACADEMIC AND PUBLIC HOSPITALS. THE DATA TOOK INTO CONSIDERATION THE SCOPE OF THE COMPARISON GROUP, INCLUDING FACTORS SUCH AS REVENUE, EMPLOYEE SIZE AND GEOGRAPHIC REGION. THE PRESIDENT OF HENNEPIN HEALTH FOUNDATION IS ALSO THE VICE PRESIDENT OF PHILANTHROPY FOR HHS; THEREFORE, HER COMPENSATION WAS DETERMINED USING THIS METHOD. HHF HAS NO OTHER COMPENSATED OFFICERS OR KEY EMPLOYEES. HHS USED THE FOLLOWING TO ESTABLISH THE COMPENSATION OF HHF'S PRESIDENT: 1. COMPENSATION COMMITTEE 2. COMPENSATION SURVEY OR STUDY 3. APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE 4. INDEPENDENT COMPENSATION CONSULTANTS X 3474 FMV X 3 6000 FMV X RECOGNIZING YOU PLATFORM 2 22750 FMV X BACKPACKS/GO BAGS 1 15000 FMV X DOING GOOD FOR HENNEPIN HEALTHCARE EVENT 8 11065 FMV X EMERGENCY MEDICINE FUNDRAISING EVENT 10 6410 FMV X MATERNAL MENTAL HEALTH/ADVENTURAMA EVENTS 15 2353 FMV X FOOD 1 433 FMV 0 0 1 0 PART I, COLUMN (B): REPORTING THE NUMBER OF CONTRIBUTIONS FORM 990, PART VI, SECTION A, LINE 1A HENNEPIN HEALTH FOUNDATION'S EXECUTIVE COMMITTEE IS COMPOSED OF THE CHAIR, VICE CHAIRS, SECRETARY, TREASURER, AND SUCH OTHER PERSONS, IF ANY, ELECTED BY THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE HAS THE AUTHORITY OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE BUSINESS IN THE INTERVAL BETWEEN MEETINGS OF THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE IS AT ALL TIMES SUBJECT OT THE CONTROL AND DIRECTION OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF HENNEPIN HEALTH FOUNDATION IS HENNEPIN HEALTHCARE SYSTEM, INC., A MINNESOTA NONPROFIT ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7B HENNEPIN HEALTH FOUNDATION MAY NOT TAKE ANY OF THE FOLLOWING ACTIONS WITHOUT RECEIVING APPROVAL BY THE SOLE MEMBER, HENNEPIN HEALTHCARE SYSTEM, INC.: 1) INCUR LONG-TERM DEBT 2) MORTGAGE OR ENCUMBER ANY ASSETS OF THE FOUNDATION 3) SELL, LEASE, OR OTHERWISE DISPOSE OF ALL OR SUBSTANTIALLY ALL OF ITS PROPERTY AND ASSETS 4) ADD OR DELETE MAJOR SERVICES 5) VOLUNTARILY DISSOLVE 6) PURCHASE OR ACQUIRE SUBSTANTIALLY ALL OF THE ASSETS OF ANOTHER ENTITY 7) MERGE, CONSOLIDATE WITH ANY DOMESTIC OR FOREIGN ORGANIZATION, OR LEASE OR SELL MORE THAN FIFTY PERCENT OF THE FOUNDATION'S PROPERTY AND ASSETS TO ANY ENTITY IN ANY ONE TRANSACTION OR SERIES OF RELATED TRANSACTIONS 8) PREPAY ANY INDEBTEDNESS PRIOR TO THE TIME FOR PAYMENT THEREOF AS PROVIDED IN THE CONTRACT EVIDENCING OR CREATING SUCH INDEBTEDNESS 9) LOAN MONEY OR OTHER ASSETS TO OR GUARANTEE THE OBLIGATIONS OF ANY PERSON OR ENTITY 10) APPROVE ANNUAL OPERATING BUDGETS, ANNUAL OR LONG-RANGE CAPITAL BUDGETS, AND NON-BUDGETED CONTRACTS ENTERED INTO OVER $100,000 11) SUBSTANTIALLY CHANGE THE PRESENT OR NOW INTENDED NATURE OF THE FOUNDATION'S OPERATIONS 12) APPROVE ANY EXTRAORDINARY COMPENSATION OR BONUS TO ANY EMPLOYEE 13) AMEND THE ARTICLES OF INCORPORATION OR BYLAWS, EXCEPT THAT THE BOARD OF DIRECTORS MAY ALTER, AMEND, OR RESTATE ARTICLE II, SECTIONS 2-5 AND 10, AND ARTICLE V WITHOUT APPROVAL FROM THE SOLE MEMBER OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE FULL HENNEPIN HEALTH FOUNDATION (HHF) BOARD OF DIRECTORS WILL REVIEW FORM 990 AT A MONTHLY MEETING PRIOR TO FILING WITH THE IRS. THE BOARD RECEIVES A COPY FOR REVIEW PRIOR TO THE SCHEDULED MEETING. THE VICE PRESIDENT OF FINANCE WILL DISCUSS ANY QUESTIONS/COMMENTS AT THE MEETING. FORM 990, PART VI, SECTION B, LINE 12C HENNEPIN HEALTH FOUNDATION'S CONFLICT OF INTEREST POLICY APPLIES TO ALL OFFICERS, BOARD MEMBERS, AND COMMITTEE MEMBERS. DIRECTORS ARE REQUIRED TO ANNUALLY REVIEW THE CONFLICT OF INTEREST POLICY AND DISCLOSE ANY CONFLICTS. INDIVIDUALS WITH ACTUAL OR POTENTIAL CONFLICTS ARE REQUIRED TO DISCLOSE THE RELEVANT FACTS TO THE BOARD OR COMMITTEE CONSIDERING THE TRANSACTION. AFTER PRESENTING THE RELEVANT FACTS TO THE BOARD OR COMMITTEE, THE INTERESTED PERSON LEAVES THE ROOM FOR THE SUBSEQUENT DISCUSSION AND VOTE ON THE TRANSACTION. THE BOARD OR COMMITTEE MAY SEEK ALTERNATIVE TRANSACTIONS THAT DO NOT INVOLVE A CONFLICT. ALL SUCH SITUATIONS ARE DOCUMENTED IN THE MINUTES OF THE MEETING. FORM 990, PART VI, SECTION B, LINE 15 HENNEPIN HEALTHCARE SYSTEMN, INC. (HHS), THE SOLE MEMBER OF HENNEPIN HEALTH FOUNDATION (HHF), DETERMINES THE COMPENSATION OF THE PRESIDENT, OTHER HHF OFFICERS AND BOARD MEMBERS, AND ALL ARE HHF EMPLOYEES. THE HHS BOARD OF DIRECTORS ENGAGES AN INDEPENDENT CONSULTING FIRM TO EVALUATE THE BASE AND TOTAL CASH COMPENSATION FOR THE CEO AND OTHER QUALIFIED EXECUTIVES. THE FIRM GATHERED COMPARABILITY DATA ACCORDING TO THE ASSUMPTIONS OUTLINES IN HHS' COMPENSATION PHILOSOPHY, INCLUDING DATA RELEVANT TO OTHER ACADEMIC AND PUBLIC HOSPITALS. THE DATA TOOK INTO CONSIDERATION THE SCOPE OF THE COMPARISON GROUP, INCLUDING SUCH FACTORS AS REVENUE, EMPLOYEE NUMBERS AND GEOGRAPHICAL REGION. THE PRESIDENT OF HENNEPIN HEALTH FOUNDATION IS ALSO THE VICE PRESIDENT OF PHILANTHROPY FOR HHS; THEREFORE, HER COMPENSATION WAS DETERMINED USING THIS METHOD. HHF HAS NO OTHER COMPENSATED OFFICERS OR KEY EMPLOYEES, THEY ARE ALL EMPLOYED BY HHS. HHS USED THE FOLLOWING TO ESTABLISH THE COMPENSATION OF HHF'S PRESIDENT 1) COMPENSATION COMMITTEE 2) COMPENSATION SURVEY OR STUDY 3) APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE 4) INDEPENDENT COMPENSATION CONSULTANTS FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). THEY ARE ALSO AVAILABLE ON HHF'S WEBSITE. FORM 990, PART XI, LINE 9: UNCOLLECTIBLE PLEDGES -12,277. HENNEPIN HEALTHCARE SYSTEM INC 701 PARK AVENUE MINNEAPOLIS MN 55415 421707837 HOSPITAL MN 501(C)(3) LINE 3 N/A 0 HENNEPIN HEALTHCARE RESEARCH INSTITUTE 701 PARK AVENUE MINNEAPOLIS MN 55415 411677920 MEDICAL RESEARCH MN 501(C)(3) LINE 7 HENNEPIN HEALTHCARE SYSTEM INC 1 HENNEPIN COUNTY 300 SOUTH 6TH STREET MINNEAPOLIS MN 55487 416005801 COUNTY OPERATIONS MN 115 N/A N/A 0 0 1 1 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1