2026-08-15T07:45:12-05:00 2025-09-30 861065772 DELOITTE TAX LLP 7900 TYSONS ONE PLACE SUITE 800 MCLEAN VA 221024219 990 2024-10-01 650645343 LEE MEMORIAL HEALTH SYSTEM FOUNDATION INC LEEM 2393438307 4211 METRO PARKWAY THIRD FLOOR FORT MYERS FL 33916 JOHN MALLIA CHIEF FINANCIAL OFFICER 2393438307 2026-08-14 1 1 RACHEL KAUFMAN P01485017 7032511000 2024 2025-03-06 01:10:19Z X LEE HEALTH FOUNDATION DOMINIC CAMERATTA 4211 METRO PARKWAY THIRD FLOOR FORT MYERS FL 33916 45169475 0 X WWW.LEEHEALTHFOUNDATION.ORG X 1995 FL LEE MEMORIAL HEALTH SYSTEM FOUNDATION, INC. (LEE HEALTH FOUNDATION) WAS ESTABLISHED TO SECURE 27 26 0 325 0 0 34754342 37248467 0 3260829 3824676 612914 563100 38628085 41636243 23910253 21082635 0 3397057 3061572 243111 3172550 1678229 1203084 28985539 25590402 9642546 16045841 87349356 114270968 11194595 22635520 76154761 91635448 X THE SPECIFIC AND PRIMARY PURPOSES FOR WHICH THIS CORPORATION IS FORMED IS TO OPERATE FOR THE ADVANCEMENT OF THE MISSION OF LEE HEALTH SYSTEM, INC., A FLORIDA NOT-FOR-PROFIT CORPORATION, BY ENGAGING IN FUND RAISING AND BY THE DISTRIBUTION OF ITS FUNDS FOR SUCH PURPOSES TO AND FOR THE BENEFIT OF LEE HEALTH SYSTEM, INC. 0 1 21082635 21082635 0 LEE HEALTH FOUNDATION SERVES AS THE FUNDRAISING AND ADVANCEMENT ARM OF LEE HEALTH SYSTEM, INC. (LEE HEALTH). THE LEE HEALTH FOUNDATION PROVIDES A COMPREHENSIVE DEVELOPMENT OPERATION IN SUPPORT OF LEE HEALTH'S STRATEGIC PRIORITIES, INCLUDING RAISING PRINCIPAL, MAJOR, AND PLANNED GIFTS, OPERATING AN ANNUAL GIVING PROGRAM, AND CONDUCTING FUNDRAISING EVENTS. LEE HEALTH FOUNDATION SOLICITS, COLLECTS, MANAGES AND DISTRIBUTES FUNDS ACCORDING TO DONOR WISHES ON BEHALF OF LEE HEALTH. THE LEE HEALTH FOUNDATION PRIORITIZES IT'S FUNDRAISING ACTIVITIES TO SUPPORT THE GROWTH OF CAPITAL FACILITIES, PROGRAMMATIC EXPANSION, PERSONNEL, AND OTHER PRIORITIES OF LEE HEALTH, INCLUDING THE HEART, CANCER, ORTHOPEDICS AND DIGESTIVE HEALTH SERVICES LINES, AND PRIMARY, WOMEN'S AND CHILDREN'S CARE. LEE HEALTH FOUNDATION ALSO PROVIDES GRANTS TO SUPPORT COMMUNITY PROGRAMS, WHICH TOTALED $55,000 FOR THE PERIOD ENDING SEPTEMBER 30, 2025. 21082635 1 1 0 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 0 0 1 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 16 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 27 26 1 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 FL X MICHAEL ADAMS 2393438322 4211 METRO PARKWAY 3RD FLOOR FORT MYERS FL 33916 X LAWRENCE ANTONUCCI TRUSTEE (EX-OFFICIO) 1.00 59.00 X 0 696370 13264 DAVID KLEIN TRUSTEE (EX-OFFICIO) 1.00 3.00 X 0 2810 0 BILL CRONIN TREASURER 1.00 0.00 X X 0 0 0 DOMINIC CAMERATTA CHAIR 1.00 0.00 X X 0 0 0 GARY PRICE SECRETARY 1.00 0.00 X X 0 0 0 JENNY GEZELLA VICE CHAIR 1.00 0.00 X X 0 0 0 BRIAN RIST TRUSTEE 1.00 0.00 X 0 0 0 CHETAN GULATI TRUSTEE 1.00 0.00 X 0 0 0 DAVID CALL TRUSTEE 1.00 0.00 X 0 0 0 DEBORAH TOLER TRUSTEE 1.00 0.00 X 0 0 0 F BRETT SHANNON DO TRUSTEE 1.00 0.00 X 0 0 0 FRED PEZESHKAN TRUSTEE 1.00 0.00 X 0 0 0 GARRETT S RICHTER TRUSTEE 1.00 0.00 X 0 0 0 GARY GOLD TRUSTEE (EX-OFFICIO) 1.00 0.00 X 0 0 0 IAN SCHMOYER TRUSTEE 1.00 0.00 X 0 0 0 JENNIFER MCCURRY TRUSTEE 1.00 0.00 X 0 0 0 JERRY SUSHIL TRUSTEE (EX-OFFICIO) 1.00 0.00 X 0 0 0 JOSEPH CATTI TRUSTEE 1.00 3.00 X 0 0 0 JOSHUA DORCEY TRUSTEE 1.00 0.00 X 0 0 0 KRISTIN HAAG TRUSTEE 1.00 0.00 X 0 0 0 LAURYE O'MELIA TRUSTEE 1.00 0.00 X 0 0 0 MARGARET EMBROLI TRUSTEE (EX-OFFICIO) 1.00 0.00 X 0 0 0 ONUR HAYTAC TRUSTEE 1.00 0.00 X 0 0 0 RICHARD D FORMAN TRUSTEE 1.00 0.00 X 0 0 0 RYAN D CARTER TRUSTEE 1.00 0.00 X 0 0 0 SANDRA STILWELL YOUNGQUIST TRUSTEE 1.00 0.00 X 0 0 0 SUSAN CHICONE TRUSTEE 1.00 0.00 X 0 0 0 BENJAMIN SPENCE CFO & COO, LHS, INC. 1.00 54.00 X 0 361876 7204 CHRISTOPHER SIMONEAU CHIEF DEVELOPMENT OFFICER 15.00 40.00 X 0 182651 4622 0 1243707 25090 0 0 1 0 THE ANGELETTI GROUP LLC 365 SOUTH STREET SUITE 100 MORRISTOWN NJ 07960 FUNDRAISING 216861 PRIORITY MARKETING OF SW FL INC 12140 CARISSA COMMERCE CT 201 FORT MYERS FL 33966 MARKETING 105387 2 6131228 4366204 1877484 24873551 501864 37248467 3793058 3793058 3564850 3533232 31618 31618 31618 563100 6131228 0 563100 563100 41636243 0 0 4387776 21082635 21082635 2619632 552257 2067375 297797 65515 232282 144143 31711 112432 905 905 243111 243111 66204 66204 426604 256792 169812 201373 201373 8817 8817 62615 10577 52038 937 937 9327 9327 50401 26083 24318 32836 32836 53512 53512 SUBSCRIPTIONS 7915 0 7915 0 RECRUITMENT 3562 0 3562 0 DUES & MEMBERSHIP 3234 0 3234 0 MEDICAL SUPPLIES 2862 0 2862 0 271980 202171 69809 25590402 21082635 1335217 3172550 0 0 58596106 63003124 5820512 12680774 368655 634793 0 11977000 6291 28804 156350 104087 37047 52263 16463070 19740205 2040965 2137295 3411710 3411710 605000 605000 87349356 114270968 307995 289834 4256146 3844599 74598 88056 11977000 6555856 6436031 11194595 22635520 X 7982500 10006069 68172261 81629379 76154761 91635448 87349356 114270968 X 16045841 897859 644 -1463657 X 0 1 X 1 1 1 X 19123536 27218923 24041933 34104771 37248467 141737630 19123536 27218923 24041933 34104771 37248467 141737630 30330972 111406658 735178 1700889 2436612 3200925 3793058 11866662 153604292 1799718 0.72530 X PART II, SHORT YEAR EXPLANATION: FISCAL YEAR 2023-2024 WAS A 13 MONTH PERIOD DUE TO A CONVERSION OF THE SOLE MEMBER OF LEE MEMORIAL HEALTH SYSTEM FOUNDATION, INC., LEE MEMORIAL HEALTH SYSTEM, INC., FROM A SPECIAL-PURPOSE UNIT OF A LOCAL GOVERNMENT, TO A NON-GOVERNMENTAL, NOT-FOR-PROFIT, COMMUNITY HOSPITAL SYSTEM, LEE HEALTH SYSTEM, INC. FISCAL YEAR 2024-2025 WAS AN 11 MONTH PERIOD DUE TO THE CONVERSION. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12290 605000 X SOLICITED TO BE SOLD 1 1 100627 17255 13900 103982 0 18406734 1320517 2390808 452226 21665833 12890649 2831086 2903739 218740 18406734 10733021 1254742 1238982 336096 12890649 12502294 134279 -1572432 331120 10733021 10584453 120890 1986306 189355 12502294 1.00000 0 0 141444 104087 37357 14906 14906 52263 DUE TO AFFILIATES 6305811 OTHER EMPLOYEE BENEFITS 130220 6436031 X 41004885 897859 19721 917580 40087305 66204 1482734 1548938 41636243 25524198 0 25524198 66204 66204 25590402 PART III, LINE 4: LEE HEALTH FOUNDATION HOLDS TWO COLLECTIONS OF ART WITH 109 RAUSCHENBERG PIECES OF ART, AND 24 POTTORF PIECES OF ART ON HAND AS OF SEPTEMBER 30, 2025. BOTH COLLECTIONS OF ART ARE HELD TO BE SOLD FOR CONTRIBUTIONS TO ADVANCE THE MISSION OF LEE HEALTH FOUNDATION AND LEE HEALTH. PART IV, LINE 1B: THIS ARRANGEMENT CONSISTS OF CHARITABLE GIFT ANNUITIES WHICH ARE PLANNED GIVING VEHICLES, WHEREBY DONORS GIFT ASSETS IN EXCHANGE FOR ANNUITY PAYMENTS OVER THEIR LIFETIME OR THAT OF THEIR BENEFICIARIES. ASSETS CONTRIBUTED ARE SEPARATELY INVESTED BY LEE HEALTH FOUNDATION AND ARE USED TO FUND PAYMENTS TO THE ANNUITANTS. PAYMENTS ARE MADE IN ACCORDANCE WITH THE RESPECTIVE AGREEMENTS. PART V, LINE 4: LEE HEALTH FOUNDATION'S ENDOWMENT FUNDS CONSIST OF INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES AND ARE ENTIRELY DONOR RESTRICTED. THE FOUNDATION FOLLOWS THE UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT (UPMIFA) ADOPTED BY THE STATE OF FLORIDA IN JULY 2012. PART X, LINE 2: LEE MEMORIAL HEALTH SYSTEM FOUNDATION, INC. (LEE HEALTH FOUNDATION) WAS INCORPORATED IN THE STATE OF FLORIDA AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE CODE AND SIMILAR PROVISIONS UNDER THE FLORIDA INCOME TAX CODE, AND, THEREFORE, HAS MADE NO PROVISION FOR INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS. LEE HEALTH FOUNDATION HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A "PRIVATE FOUNDATION" WITHIN THE MEANING OF SECTION 509(A) OF THE CODE. LEE HEALTH FOUNDATION IDENTIFIES AND EVALUATES UNCERTAIN TAX POSITIONS, IF ANY, AND RECOGNIZES THE IMPACT OF UNCERTAIN TAX POSITIONS FOR WHICH THERE IS A LESS THAN MORE-LIKELY-THAN-NOT PROBABILITY OF THE POSITION BEING UPHELD WHEN REVIEWED BY THE RELEVANT TAXING AUTHORITY. SUCH POSITIONS ARE DEEMED TO BE UNRECOGNIZED TAX BENEFITS, AND A CORRESPONDING LIABILITY IS ESTABLISHED ON THE STATEMENT OF FINANCIAL POSITION. LEE HEALTH FOUNDATION HAS NOT RECOGNIZED A LIABILITY FOR UNCERTAIN TAX POSITIONS. IF THERE WERE AN UNRECOGNIZED TAX BENEFIT, LEE HEALTH FOUNDATION WOULD RECOGNIZE INTEREST ACCRUED RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. LEE HEALTH FOUNDATION'S TAX YEARS CURRENTLY SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE GENERALLY REMAIN OPEN FOR THREE YEARS FROM THE DATE OF FILING. PART XI, LINE 2D - OTHER ADJUSTMENTS: PRIOR PERIOD ADJUSTMENT 644. YEAR END VALUATION ADJUSTMENTS 19,077. PART XI, LINE 4B - OTHER ADJUSTMENTS: CHARITABLE GIFT ANNUITY VALUATION 18,654. NPV ADJUSTMENT ON PLEDGES RECEIVABLE 325,541. ALLOWANCE FOR BAD DEBTS 1,138,539. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 728493 0 0 0 0 0 0 728493 0 728493 0 0 1 0 0 0 X X X X X X 1 THE ANGELETTI GROUP LLC 365 SOUTH STREET SUITE 100 MORRISTOWN NJ 07960 CONSULTING SERVICES 0 0 243111 -243111 243111 -243111 FL KIDS MINDS MATTER 2523519 2484719 38800 BONITA BAY GALA 523644 458959 64685 20 3647165 3187550 459615 6694328 6131228 563100 563100 SCHEDULE G, PART II, FUNDRAISING EVENT EXPENSES LEE HEALTH FOUNDATION DID NOT RECOGNIZE ANY DIRECT EXPENSES RELATED TO FUNDRAISING EVENTS FOR THE PERIOD ENDING SEPTEMBER 30, 2025 DUE TO THE RECOGNITION OF FUNDRAISING EVENT EXPENSES ON A RELATED ENTITY, LEE HEALTH SYSTEM, INC. LEE HEALTH FOUNDATION REIMBURSED LEE HEALTH SYSTEM, INC. THROUGH A CONTRIBUTION WHICH WAS RECOGNIZED AS PROGRAM EXPENSE FOR LEE HEALTH FOUNDATION DURING THE PERIOD ENDING SEPTEMBER 30, 2025. 1 LEE HEALTH SYSTEM INC 4211 METRO PARKWAY FORT MYERS FL 33916 992646504 501(C)(3) 21027135 0 SUPPORT TO AN AFILLIATED ORGANIZATION NAPLES CHILDREN AND EDUCATION FOUNDATION 2590 GOODLETTE-FRANK RD NORTH NAPLES FL 34103 651001650 501(C)(3) 15000 0 PEDIATRIC SERVICES AND ACCESS TO HEALTHCARE PROPERTIES WITH PURPOSE INC 10900 WILSHIRE BLVD LOS ANGELES FL 90024 920342302 501(C)(3) 12000 0 ACCESS TO HEALTHCARE AND COMMUNITY VISIBILTY BONITA BAY CLUB 26660 COUNTRY CLUB DR BONITA SPRINGS FL 34134 270155624 501(C)(7) 10000 0 ACCESS TO HEALTHCARE, COMMUNITY VISIBILITY, AND ONCOLOGY SUPPORT GREATER FORT MYERS CHAMBER OF COMMERCE 1520 LEE ST FT MYERS FL 33901 650110700 501(C)(6) 10000 0 ACCESS TO HEALTHCARE 3 2 PART I, LINE 2: ELIGIBILITY CRITERIA FOR SUPPORT CAN BE FOUND ONLINE AT HTTPS://WWW.LEEHEALTH.ORG/ABOUT-US/COMMUNITY-HEALTH-AND-IMPACT/SPONSORSHIP. COMMUNITY AFFAIRS MEETS ON A BI-WEEKLY BASIS TO REVIEW SPONSORSHIP REQUESTS FOR THE SYSTEM AND DETERMINE LEVEL OF SUPPORT BASED ON ALIGNMENT WITH THE SYSTEM PRIORITIES, COMMUNITY NEEDS AND FUNDS AVAILABLE. 0 1 0 0 1 0 0 0 0 LAWRENCE ANTONUCCI TRUSTEE (EX-OFFICIO) 0 214779 0 476174 0 5417 0 8140 0 5124 0 709634 0 0 BENJAMIN SPENCE CFO & COO, LHS, INC. 0 127135 0 234568 0 173 0 3207 0 3997 0 369080 0 0 CHRISTOPHER SIMONEAU CHIEF DEVELOPMENT OFFICER 0 60726 0 121279 0 646 0 3120 0 1502 0 187273 0 0 PART I, LINE 3 LEE HEALTH SYSTEM, INC., A RELATED ORGANIZATION OF LEE MEMORIAL HEALTH SYSTEM FOUNDATION, INC., USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL: - INDEPENDENT COMPENSATION CONSULTANT - COMPENSATION SURVEY OR STUDY PART I, LINE 4B TO RETAIN AND REWARD SELECTED LEADERSHIP, THE LEE HEALTH SYSTEM, INC. MAINTAINS A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP). THE SERP PROVIDES ELIGIBLE PARTICIPANTS WITH SUPPLEMENTAL RETIREMENT BENEFITS. ADDITIONALLY, SERP ACCOUNTS ARE CREDITED WITH EARNINGS EQUAL TO THE US TREASURY YIELD CURVE RATE ("CONSTANT MATURITY TREASURY" RATE) FOR A TEN (10) YEAR US TREASURY SECURITY, PLUS ONE PERCENT (1%), UNTIL THE CONTRIBUTION AND EARNINGS HAVE BEEN FULLY DISTRIBUTED. BENEFITS ARE VESTED THREE YEARS FROM THE YEAR AWARDED. THE PLAN IS AN UNFUNDED PLAN ESTABLISHED AND MAINTAINED FOR THE PRIMARY PURPOSE OF PROVIDING DEFERRED COMPENSATION BENEFITS FOR EMPLOYEES WHO SUBSTANTIALLY CONTRIBUTE TO THE SUCCESS OF THE ORGANIZATION. EMPLOYER CONTRIBUTIONS AND PARTICIPANT ELIGIBILITY ARE COMPLETELY DISCRETIONARY. THE PLAN IS A NONQUALIFIED DEFERRED COMPENSATION PLAN THAT IS INTENDED TO COMPLY WITH SECTIONS 457(F) AND 409A OF THE CODE. PART I, LINE 5 LEE HEALTH MAINTAINS A SHORT-TERM INCENTIVE PLAN (STIP) THAT PROVIDES ELIGIBLE EMPLOYEES WITH THE OPPORTUNITY TO EARN INCENTIVE COMPENSATION TIED TO ACHIEVEMENT OF ORGANIZATIONAL PERFORMANCE GOALS. INCENTIVE AWARDS ARE BASED ON PREDEFINED OPERATIONAL, QUALITY, PATIENT EXPERIENCE, WORKFORCE, GROWTH, AND FINANCIAL METRICS, AND ARE PAYABLE ONLY IF SPECIFIED PERFORMANCE THRESHOLDS AND OVERALL FINANCIAL REQUIREMENTS ARE MET. X 3 12290 OTHER X 11 370459 COST OR SELLING PRICE X 1 5000 OTHER X GIFTS, ITEMS, OR PACKAGES FOR AUCTION OR RAFFLE 213 114115 OTHER 0 0 1 0 PART I, COLUMN (B): NUMBER OF CONTRIBUTIONS FORM 990, PART I, LINE A, REPORTING PERIOD: LEE MEMORIAL HEALTH SYSTEM FOUNDATION, INC. (LEE HEALTH FOUNDATION) IS A NOT-FOR-PROFIT CORPORATION THAT WAS INCORPORATED BY LEE MEMORIAL HEALTH SYSTEM, INC (THE SYSTEM) AND COMMUNITY LEADERS TO SERVE AS A FUNDRAISING ORGANIZATION IN SUPPORT OF THE SYSTEM. THE SPECIFIC AND PRIMARY PURPOSE FOR WHICH THE LEE HEALTH FOUNDATION WAS FORMED WAS TO OPERATE FOR THE ADVANCEMENT OF THE MISSION OF THE SYSTEM BY ENGAGING IN FUNDRAISING AND THE DISTRIBUTION OF ITS FUNDS. THE SYSTEM ACTED AS THE SOLE MEMBER OF THE LEE HEALTH FOUNDATION UNTIL NOVEMBER 1, 2024, WHEN THE SYSTEM WAS CONVERTED FROM A SPECIAL-PURPOSE UNIT OF A LOCAL GOVERNMENT TO A NON-GOVERNMENTAL, NOT-FOR-PROFIT, COMMUNITY HOSPITAL SYSTEM PURSUANT TO A TRANSACTION (THE CONVERSION TRANSACTION) BY WHICH ALL OF THE OPERATIONS, ASSETS, AND LIABILITIES OF THE SYSTEM WERE TRANSFERRED TO LEE HEALTH SYSTEM, INC. (LEE HEALTH), A NEWLY FORMED FLORIDA NOT-FOR PROFIT CORPORATION EXEMPT FROM FEDERAL INCOME TAXATION AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE). IN CONNECTION WITH THE CONVERSION TRANSACTION, LEE HEALTH FOUNDATION'S BY-LAWS WERE AMENDED EFFECTIVE NOVEMBER 1, 2024, WHEREBY LEE HEALTH FOUNDATION BECAME AN AFFILIATE OF LEE HEALTH THROUGH A MEMBER SUBSTITUTION PURSUANT TO WHICH THE SYSTEM CEASED BEING THE SOLE MEMBER OF LEE HEALTH FOUNDATION AND LEE HEALTH BECAME THE SOLE MEMBER. LEE HEALTH FOUNDATION'S FISCAL YEAR REMAINS SEPTEMBER 30. HOWEVER, DUE TO THE CONVERSION TRANSACTION ON NOVEMBER 1, 2024, THE PRESENTED REPORTING PERIOD FOR THE FINANCIAL STATEMENTS FOR 2025 IS AN ELEVEN MONTH PERIOD STARTING NOVEMBER 1, 2024 AND ENDING SEPTEMBER 30, 2025. DUE TO THE ELEVEN MONTH REPORTING PERIOD FROM THE DATE OF THE CONVERSION TRANSACTION, THE ACCOMPANYING FINANCIAL STATEMENTS ARE PRESENTED FOR A SINGLE PERIOD. FORM 990, PARTS VIII, IX, X, AND XI ARE SIMILARLY PRESENTED TO REPRESENT THE PERIOD FROM NOVEMBER 1, 2024 THROUGH SEPTEMBER 30, 2025. FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: PHILANTHROPIC SUPPORT TO ADVANCE THE MISSION AND VISION OF LEE HEALTH SYSTEM, INC. (LEE HEALTH). LEE HEALTH FOUNDATION MANAGES A COMPREHENSIVE SET OF DEVELOPMENT ACTIVITIES TO ENGAGE THE COMMUNITY IN SUPPORT OF LEE HEALTH, INCLUDING MAJOR AND ANNUAL GIVING, PLANNED GIVING, FUNDRAISING EVENTS, GRANTS AND CONTRACTS, AND COMPREHENSIVE STEWARDSHIP OF DONORS. LEE HEALTH FOUNDATION COMMUNICATES THE NEEDS OF THE HEALTH SYSTEM TO THE DONOR COMMUNITY, AND CELEBRATES THE IMPACT OF DONOR GIVING. LEE HEALTH FOUNDATION PRIORITIZES ITS ACTIVITIES TO SUPPORT THE STRATEGIC DIRECTION OF THE HEALTH SYSTEM, INCLUDING RAISING FUNDS IN SUPPORT OF HEART, CANCER, ORTHOPEDICS, CHILDREN, MENTAL HEALTH, CAPITAL PROJECTS, AND OTHER SMALLER INITIATIVES AS DEFINED BY THE SYSTEM'S STRATEGIC PLAN. FORM 990, PART III, LINE 3 LEE MEMORIAL HEALTH SYSTEM, INC. (THE SYSTEM), A SPECIAL-PURPOSE UNIT OF A LOCAL GOVERNMENT, ACTED AS THE SOLE MEMBER OF LEE MEMORIAL HEALTH SYSTEM FOUNDATION, INC. (LEE HEALTH FOUNDATION) UNTIL NOVEMBER 1, 2024, WHEN THE SYSTEM WAS CONVERTED TO A NON-GOVERNMENTAL, NOT-FOR-PROFIT, COMMUNITY HOSPITAL SYSTEM PURSUANT TO A TRANSACTION (THE CONVERSION TRANSACTION) BY WHICH ALL OF THE OPERATIONS, ASSETS, AND LIABILITIES OF THE SYSTEM WERE TRANSFERRED TO LEE HEALTH SYSTEM, INC. (LEE HEALTH), A NEWLY FORMED FLORIDA NOT-FOR PROFIT CORPORATION EXEMPT FROM FEDERAL INCOME TAXATION AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE). IN CONNECTION WITH THE CONVERSION TRANSACTION, LEE HEALTH FOUNDATION'S BY-LAWS WERE AMENDED EFFECTIVE NOVEMBER 1, 2024, WHEREBY LEE HEALTH FOUNDATION BECAME AN AFFILIATE OF LEE HEALTH THROUGH A MEMBER SUBSTITUTION PURSUANT TO WHICH THE SYSTEM CEASED BEING THE SOLE MEMBER OF LEE HEALTH FOUNDATION AND LEE HEALTH BECAME THE SOLE MEMBER. AS A RESULT OF THE CONVERSION TRANSACTION, THE SPECIFIC AND PRIMARY PURPOSES FOR WHICH LEE HEALTH FOUNDATION NOW OPERATES IS TO ADVANCE THE MISSION OF LEE HEALTH. FORM 990, PART V, LINE 2, W-3 REPORTING: LEE HEALTH SYSTEM, INC. (LEE HEALTH) IS THE PAY AGENT FOR ALL OF ITS AFFILIATES; AS SUCH, ONLY LEE HEALTH ISSUES FORM W-3. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE OF THE BOARD IS AUTHORIZED TO ACT ON BEHALF OF THE BOARD, SUBJECT TO THAT TOPIC BEING APPROVED BY THE FULL BOARD AT A SUBSEQUENT MEETING. FORM 990, PART VI, SECTION A, LINE 2 LAWRENCE ANTONUCCI, BENJAMIN SPENCE, AND CHRISTOPHER SIMONEAU HAVE A BUSINESS RELATIONSHIP BY VIRTUE OF THEIR EMPLOYMENT WITH LEE HEALTH SYSTEM, INC. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF THE FOUNDATION IS LEE HEALTH SYSTEM, INC. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 WILL BE MADE AVAILABLE TO THE FINANCE COMMITTEE FOR REVIEW AND COMMENT IN A MEETING IN THE MONTH PRECEDING THE FILING DEADLINE. FOLLOWING THIS MEETING, FORM 990 WILL BE MADE AVAILABLE TO THE FULL BOARD FOR THEIR REVIEW AND COMMENT. FORM 990 HAS BEEN REVIEWED BY AN INDEPENDENT THIRD PARTY ACCOUNTING FIRM PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C DISCLOSURES OF CONFLICTS OF INTEREST FOR EACH BOARD MEMBER ARE COLLECTED ANNUALLY AND SHARED WITH THE CHAIR OF THE FOUNDATION AUDIT COMMITTEE AND THE CHAIR OF THE FOUNDATION BOARD OF TRUSTEES. ANY POTENTIAL CONFLICTS ARE MONITORED AS DECISIONS ARE BEING MADE AT THE COMMITTEE AND BOARD LEVEL. THE CHAIR OF THE AUDIT COMMITTEE DETERMINES IF A POTENTIAL CONFLICT REQUIRES A BOARD MEMBER TO RECUSE HIM/HERSELF FROM THE DECISION MAKING PROCESS. IF A CONFLICT EXISTS THE BOARD MEMBER DOES NOT PARTICIPATE IN VOTES RELATED TO THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE COMPENSATION, INCLUDING THAT OF THE TOP MANAGEMENT OFFICIAL OF LEE HEALTH FOUNDATION IS SET BY THE BOARD OF DIRECTORS OF LEE HEALTH SYSTEM, INC. (LEE HEALTH), THE SOLE MEMBER OF LEE HEALTH FOUNDATION. IN DETERMINING REASONABLE COMPENSATION, THE BOARD ENGAGES AN INDEPENDENT COMPENSATION CONSULTANT AND RELIES ON APPROPRIATE AND RELIABLE COMPARABILITY DATA, WHICH INCLUDES COMPENSATION BENCHMARKS FROM SIMILARLY SITUATED ORGANIZATIONS, TO ENSURE THAT THE COMPENSATION IS FAIR, REASONABLE, AND CONSISTENT WITH MARKET PRACTICES. THE BOARD'S REVIEW PROCESS IS INDEPENDENT, AND THE RATIONALE FOR THE APPROVED COMPENSATION IS CONTEMPORANEOUSLY DOCUMENTED IN THE BOARD AND COMMITTEE MEETING MINUTES. DURING THE TAX YEAR THE BOARD OF DIRECTORS OF LEE HEALTH CREATED AN EXECUTIVE COMPENSATION COMMITTEE TO ASSIST THE BOARD WITH ITS OVERSIGHT RESPONSIBILITIES AND THE PROCESS AS DESCRIBED ABOVE FOR THE TOP MANAGEMENT OFFICIAL AND OTHER OFFICERS AND KEY EMPLOYEES OF THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 ARTICLES OF INCORPORATION ARE MADE PUBLIC ON THE STATE OF FLORIDA WEBSITE FOR THE DIVISION OF CORPORATIONS, SUNBIZ.ORG. ALL OTHER DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VII, SECTION B, INDEPENDENT CONTRACTORS: LEE HEALTH FOUNDATION INCURRED EXPENSES FOR SERVICES PROVIDED BY CERTAIN INDEPENDENT CONTRACTORS, INCLUDING ITS TWO LARGEST CONTRACTORS. PAYMENTS TO THESE CONTRACTORS WERE PROCESSED THROUGH THE ACCOUNTS PAYABLE SYSTEM OF LEE HEALTH SYSTEM AS PART OF A CENTRALIZED ADMINISTRATIVE FUNCTION. ACCORDINGLY, LEE HEALTH SYSTEM WAS THE PAYOR OF RECORD AND ISSUED THE APPLICABLE FORMS 1099 TO THESE CONTRACTORS. THE RELATED SERVICE EXPENSES WERE ALLOCATED AND RECORDED IN LEE HEALTH FOUNDATION'S FINANCIAL RECORDS AND ARE REFLECTED IN THE FOUNDATION'S REPORTED EXPENSES. THEREFORE, WHILE THESE CONTRACTORS ARE REPORTED AS SIGNIFICANT CONTRACTORS OF LEE HEALTH FOUNDATION FOR FORM 990 PURPOSES, THE ASSOCIATED FORMS 1099 WERE ISSUED BY LEE HEALTH SYSTEM AND NOT THE FOUNDATION. FORM 990, PART VII, SECTION A, COMPENSATION REPORTING PERIOD: THE COMPENSATION REPORTED ON FORM 990, PART VII AND SCHEDULE J REPRESENTS COMPENSATION FOR THE PERIOD NOVEMBER 1, 2024 THROUGH DECEMBER 31, 2024 DUE TO THE CONVERSION TRANSACTION (SUMMARIZED IN THE NARRATIVE FOR FORM 990, PART VIII PART XI). FORM 990, PART XI, LINE 9: CHARITABLE GIFT ANNUITY VALUATION -18,654. NPV ADJUSTMENT ON DONATED ASSETS HELD FOR SALE 19,077. NPV ADJUSTMENT ON PLEDGES RECEIVABLE -325,541. ALLOWANCE FOR BAD DEBTS -1,138,539. BONITA COMMUNITY HEALTH CENTER INC 3501 HEALTH CARE BLVD BONITA SPRINGS FL 34135 593544102 HEALTH CARE FL 501(C)(3) 3 LEE HEALTH SYSTEM INC 0 HEALTHPARK CARE CENTER INC 16131 ROSERUSH CT FORT MYERS FL 33908 650319983 HEALTH CARE FL 501(C)(3) 3 LEE HEALTH SYSTEM INC 0 LEE MEMORIAL HOME HEALTH INC 2776 CLEVELAND AVE FORT MYERS FL 339022218 592186101 HEALTH CARE FL 501(C)(3) 10 LEE HEALTH SYSTEM INC 0 LEE HEALTH SYSTEM INC 4211 METRO PARKWAY FORT MEYERS FL 33916 992646504 HEALTH CARE FL 501(C)(3) 3 N/A 0 LEE COUNTY TRAUMA SERVICES DISTRICT 13685 DOCTORS WAY STE 100 FORT MEYERS FL 33912 020702732 INACTIVE FL 501(C)(3) 3 LEE HEALTH SYSTEM INC 0 PARAMOUNT SURGERY CENTER LLC 14631 HOPE CENTER LOOP FORT MYERS FL 33912 452232749 HEALTH CARE FL N/A 0 0 LH GPA FUND I LP 1 FREEDOM VALLEY DRIVE OAKS PA 19456 994895801 PRIVATE INVESTMENT FUND DE N/A 0 0 BEST CARE PARTNERS INC 6630 ORION DR SUITE 205 FORT MYERS FL 33912 371920935 HEALTH INSURANCE FL N/A C 0 0 1 0 0 1 0 0 0 0 0 0 1 0 0 1 0 0 1 0 LEE HEALTH SYSTEM INC B 21027136 FMV LEE HEALTH SYSTEM INC E 11977000 FMV LEE HEALTH SYSTEM INC L 4366204 FMV LEE HEALTH SYSTEM INC O 2619632 FMV LEE HEALTH SYSTEM INC R 2745178 FMV