2023-08-04T09:45:49-05:00 2022-12-31 420714325 RSM US LLP 227 WEST FIRST STREET SUITE 700 DULUTH MN 55802 990 2022-01-01 410845733 HENNEPIN HEALTH FOUNDATION HENN 6129634857 701 PARK AVE MINNEAPOLIS MN 55415 THERESA PESCH RN PRESIDENT, HHF 6129634857 2023-08-01 1 THERESA PESCH RN 999009999 0 JULIE BOYER P01278549 2187275025 2023-08-01 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z HENNEPIN HEALTHCARE FOUNDATION THERESA PESCH RN 701 PARK AVE MINNEAPOLIS MN 55415 15892723 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 93,000 EMERGENCY AND URGENT CARE VISITS AND APPROXIMATELY 662,000 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 21 0 43 0 0 9760828 14842337 484170 420024 616371 551183 8023 30820 10869392 15844364 3394782 10756497 0 0 2931856 2938031 0 0 382748 597607 774414 6924245 14468942 3945147 1375422 36610127 34435558 1095790 1225971 35514337 33209587 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 11087010 10446460 420024 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. 600387 210500 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. 636202 0 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. 99832 99537 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. 99832 99537 12423431 1 1 0 0 0 0 0 1 0 1 0 1 0 1 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 0 0 0 1 24 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 23 21 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 AJAY ISRANI MD MS DIRECTOR/HHRI PRESIDENT 5.00 40.00 X 0 356661 51979 TENBIT EMIRU MD DIRECTOR/HHS DEPT CHAIR OF NEUROLOGY 5.00 40.00 X 0 305197 39982 REBECCA ANDERSON DEVELOPMENT CHAIR 5.00 X 0 0 0 DOMINIC CIRESI DIRECTOR 5.00 X 0 0 0 MONICA ENGEL 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 LILI HALL DIRECTOR 5.00 X 0 0 0 STANLEY JACKSON DIRECTOR 5.00 X 0 0 0 RICHARD KYLE MD DIRECTOR 5.00 40.00 X 0 306781 45891 JOSEPH LALLY JD GOVERNANCE CHAIR 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 CRAIG SAMITT MD MBA DIRECTOR 5.00 X 0 0 0 KATIE SEVERT MBA DIRECTOR 5.00 X 0 0 0 SUMMRA SHARRIF JD DIRECTOR 5.00 X 0 0 0 CHRIS SHERMAN DIRECTOR 5.00 X 0 0 0 DEBORAH YUNGNER DIRECTOR 5.00 X 0 0 0 JENNELL BILEK JD PHARMD PHD BOARD CHAIR 10.00 X X 0 0 0 BRETT EDELSON VICE CHAIR 5.00 X X 0 0 0 ADRIENNE JORDAN SECRETARY 5.00 X X 0 0 0 JAMES YOUNG TREASURER AND FINANCE CHAIR 5.00 X X 0 0 0 THERESA PESCH RN VP PHILANTHROPY HHF PRESIDENT 40.00 2.00 X 0 348360 55474 ZUZANNE FENNER VP HHF DEVELOP OPS FINANCE 20.00 20.00 X 0 250094 38067 AMY CARLSON FOUNDATION DEVELOPMENT DIR 40.00 X 0 158707 19722 CHAD BOYSEN FOUNDATION DEVELOPMENT DIR 40.00 X 0 127886 27196 MARCY LUEDTKE DEVEL PROSP RSRCH & MGMT DIR 40.00 X 0 145852 18386 MICHAEL BELZER HHF & PUBLIC POL SR MED DIR 40.00 X 0 152872 32141 JUDY FOX GRANTS DIRECTORS, HHF 40.00 X 0 114466 16571 0 2266876 345409 0 0 1 0 0 125830 2957930 11758577 105781 14842337 FEES 900099 315127 315127 COMMISSIONS 900099 104897 104897 420024 551183 551183 77750 125830 48359 29391 29391 OTHER INCOME 900099 1429 1429 1429 15844364 420024 0 582003 10756497 10756497 362418 202486 106621 53311 2013899 519037 1237567 257295 138636 35730 85194 17712 251769 64888 154715 32166 171309 49161 99940 22208 227510 256317 -28807 203757 196431 7326 14855 14855 65492 65492 25736 25680 56 897 897 PATIENT SUPPORTS 124623 124623 SUPPLIES 111544 111337 207 14468942 12423431 1662763 382748 67747 5784 5568693 3390327 27700 32700 0 0 17726845 15139784 12286383 13890901 932759 1976062 36610127 34435558 18175 37236 425600 1097902 652015 90833 1095790 1225971 X 2520107 1997045 32994230 31212542 35514337 33209587 36610127 34435558 1375422 -3680172 0 X 0 1 X 1 0 X 10540636 11329766 10715368 9760828 14842337 57188935 10540636 11329766 10715368 9760828 14842337 57188935 11340729 45848206 596038 616898 595413 616371 551183 2975903 163628 7040 29391 200059 247773 50531 747 983 1430 301464 60666361 2177270 0.75570 0.69790 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 32880 992519 X 0 4493208 29425 -653264 158379 3710990 4127972 43240 471050 149054 4493208 2610274 1151432 370296 4030 4127972 1911529 339479 359266 2610274 2281915 34430 -404816 1911529 0.00000 1.00000 0.00000 1 0 0 FUNDS HELD AT HENNEPIN COUNTY 13890901 F 13890901 ART COLLECTION (NONDEPRECIABLE CAPITAL ASSETS) 992519 RECEIVABLES FROM RELATED PARTIES 983543 1976062 DUE TO FISCAL AGENT 3650 PAYABLE TO RELATED PARTIES 87183 90833 X 13069056 -3680172 856505 -2823667 15892723 -48359 -48359 15844364 15373806 856505 48359 904864 14468942 0 14468942 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: 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 2019-2022 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 IRS. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT DIRECT EXPENSES -48,359. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT DIRECT EXPENSES 48,359. ART FUNDRAISING EVENT 141630 63880 77750 3719 990 43650 EAST LAKE CLINIC 61950 61950 203580 125830 77750 3719 990 43650 48359 29391 1 HENNEPIN HEALTHCARE SYSTEM INC 701 PARK AVENUE MINNEAPOLIS MN 55415 421707837 501(C)(3) 0 10440167 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) 0 99832 ESTABLISHED ENDOWMENT AND DONATIONS TOWARDS RESEARCH ACTIVITIES 2 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 AJAY ISRANI MD MS DIRECTOR/HHRI PRESIDENT 0 355796 0 0 0 865 0 26840 0 25139 0 408640 0 0 THERESA PESCH RN VP PHILANTHROPY HHF PRESIDENT 0 305739 0 41829 0 792 0 30500 0 24974 0 403834 0 0 RICHARD KYLE MD DIRECTOR 0 305338 0 0 0 1443 0 26840 0 19051 0 352672 0 0 TENBIT EMIRU MD DIRECTOR/HHS DEPT CHAIR OF NEUROLOGY 0 303951 0 0 0 1246 0 26840 0 13142 0 345179 0 0 ZUZANNE FENNER VP HHF DEVELOP OPS FINANCE 0 249302 0 0 0 792 0 16729 0 21338 0 288161 0 0 MICHAEL BELZER HHF & PUBLIC POL SR MED DIR 0 152077 0 0 0 795 0 13952 0 18189 0 185013 0 0 AMY CARLSON FOUNDATION DEVELOPMENT DIR 0 158707 0 0 0 0 0 9564 0 10158 0 178429 0 0 MARCY LUEDTKE DEVEL PROSP RSRCH & MGMT DIR 0 145852 0 0 0 0 0 8844 0 9542 0 164238 0 0 CHAD BOYSEN FOUNDATION DEVELOPMENT DIR 0 127886 0 0 0 0 0 9712 0 17484 0 155082 0 0 PART I, LINE 3 COMPENSATION IS DETERMINED BY HENNEPIN HEALTHCARE SYSTEM, INC. ("HHS") - HHF HAS NO EMPLOYEES. THE COMPENSATION OF THE PRESIDENT, OTHER OFFICERS AND BOARD MEMBERS OF THE FOUNDATION, AND ALL HHF EMPLOYEES, IS DETERMINED BY HHS, THE FOUNDATION'S SOLE MEMBER. 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. THE FOUNDATION HAS NO OTHER COMPENSATED OFFICERS OR KEY EMPLOYEES. THE FOLLOWING WERE USED BY HHS, A RELATED ORGANIZATION, TO ESTABLISH THE COMPENSATION OF THE PRESIDENT: 1. COMPENSATION COMMITTEE 2. COMPENSATION SURVEY OR STUDY 3. APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE 4. INDEPENDENT COMPENSATION CONSULTANTS X 1 4000 FMV X 2840 FMV X DOING GOOD FOR HENNEPIN HEALTHCARE EVENT 5 23000 FMV X BACKPACKS/GO BAGS 5 20960 FMV X DIALYSIS EQUIPMENT 1 1700 FMV X FOOD 1 500 FMV 0 0 1 0 PART I, COLUMN (B): REPORTING THE NUMBER OF CONTRIBUTIONS FORM 990, PART VI, SECTION A, LINE 1A THE 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 THE FOUNDATION IS HENNEPIN HEALTHCARE SYSTEM, INC., A MINNESOTA NONPROFIT ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7B THE 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 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 THE 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 THE COMPENSATION OF THE PRESIDENT, ALL HHS EMPLOYEES AND HHF EMPLOYEES IS DETERMINED BY HENNEPIN HEALTHCARE SYSTEM, INC. (HHS), THE FOUNDATION'S SOLE MEMBER. 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. THE FOUNDATION HAS NO OTHER COMPENSATED OFFICERS OR KEY EMPLOYEES, THEY ARE ALL EMPLOYED BY HHS. THE FOLLOWING WERE USED BY HHS TO ESTABLISH THE COMPENSATION OF THE 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. 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 0 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