2025-08-13T14:32:43-05:00 2024-09-30 591753337 KERKERING BARBERIO & CO PO BOX 49348 SARASOTA FL 342306348 990 2023-10-01 510188568 SARASOTA MEMORIAL HEALTHCARE FOUNDATION INC SARA 9419171286 1515 S OSPREY AVE B4 SARASOTA FL 34239 STACEY CORLEY PRESIDENT 9419171286 2025-08-13 1 1 REBECCA U STONER P00585910 9413654617 2023 2025-03-06 01:10:19Z STACEY CORLEY 1515 S OSPREY AVE B4 SARASOTA FL 34239 53209213 0 X WWW.SMHF.ORG X 1976 FL SARASOTA MEMORIAL HEALTHCARE FOUNDATION, INC. IS AN INDEPENDENT FUNDRAISING ORGANIZATION WORKING WITH SARASOTA MEMORIAL HEALTH CARE SYSTEM AND OTHERS TO ENSURE THE HIGHEST QUALITY HEALTHCARE IS ACCESSIBLE AND MEETS THE NEEDS OF OUR COMMUNITY. 20 20 0 117 -122 0 14347314 29586330 0 0 2226330 4546476 1794509 1300744 18368153 35433550 6219212 9282322 0 0 1777224 2237003 37520 20412 2168717 1355422 1585474 9389378 13125211 8978775 22308339 139004778 167856429 10678009 9025454 128326769 158830975 SARASOTA MEMORIAL HEALTHCARE FOUNDATION IS THE PHILANTHROPIC PARTNER THAT HELPS SARASOTA MEMORIAL HEALTH CARE SYSTEM BRING WORLD-CLASS CARE TO OUR COMMUNITY. 0 0 4879703 4879703 0 GRANTS TO SARASOTA COUNTY PUBLIC HOSPITAL BOARD, SARASOTA MEMORIAL HOSPITAL AND OTHER NOT-FOR-PROFIT HEALTHCARE ORGANIZATIONS IN SARASOTA COUNTY FOR RESEARCH, PATIENT CARE AND OTHER NEEDS WITH PROGRAMS THAT WILL IMPROVE EFFICIENCY, EFFECTIVENESS, PATIENT SAFETY, AVAILABILITY AND ADVOCACY OF HEALTHCARE IN AN ENVIRONMENT OF WELL BEING FOR OVER 1.7M INPATIENT AND OUTPATIENT/PHYSICIAN VISITS PER YEAR. THE ONLY HOSPITAL IN FLORIDA TO RECEIVE THE HIGHEST 5-STAR QUALITY RATING FROM THE CENTERS FOR MEDICARE AND MEDICAID IN ALL REPORTING PERIODS SINCE THE PROGRAM BEGAN IN 2016. 3104091 3104091 0 GRANTS TO SARASOTA COUNTY PUBLIC HOSPITAL BOARD, SARASOTA MEMORIAL HOSPITAL FOR FACILITIES, AND EQUIPMENT THAT WILL PROVIDE THE MOST ADVANCED, STATE-OF-THE -ART TREATMENTS AND THE HIGHEST QUALITY OF CARE AND COMFORT. NAMED ONE OF THE WORLD'S BEST HOSPITALS 2019-2024 BY NEWSWEEK MAGAZINE. SMH NURSING & REHABILITATION CENTER NAMED A TOP NURSING HOME BY U.S. NEWS 2024. RANKED AMONG 50 BEST HOSPITALS IN THE NATION FOR SPECIALIZED REHABILITATION CARE AND OBSTETRICS/GYNOLOGY; AND AS A TOP PERFORMER IN 18 CONDITIONS/PROCEDURES BY U.S. NEWS 2023/2024. 1298528 1298528 0 GRANTS TO SARASOTA COUNTY PUBLIC HOSPITAL BOARD, SARASOTA MEMORIAL HOSPITAL FOR PROFESSIONAL AND COMMUNITY EDUCATION PROGRAMS REPRESENTING CONTINUING MEDICAL AND PROFESSIONAL EDUCATION, PROFESSIONAL CERTIFICATION AND ONGOING EDUCATIONAL PROGRAMS FOR OVER 10,000 EMPLOYEES. SARASOTA MEMORIAL HOSPITAL IS ONE OF JUST 1% OF U.S. HOSPITALS TO EARN MAGNET NURSING RECOGNITION-THE HIGHEST HONOR FOR NURSING EXCELLENCE-FIVE TIMES. 9282322 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 X 26 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 FL X STACEY CORLEY 9419171286 1515 S OSPREY AVE SUITE B4 SARASOTA FL 34239 ROBERT G BARTNER TRUSTEE 5.00 X 0 0 0 CARL W BATTLE TRUSTEE 5.00 X 0 0 0 GARY DORNBUSH TRUSTEE 5.00 X 0 0 0 ROBERT ESSNER TRUSTEE 5.00 X 0 0 0 THOMAS F KELLY MD TRUSTEE 5.00 X 0 0 0 TERRY LUNDGREN TRUSTEE 5.00 X 0 0 0 GWEN MACKENZIE TRUSTEE 5.00 X 0 0 0 DIANE MAYER TRUSTEE 5.00 X 0 0 0 JONATHAN E MITCHELL TRUSTEE 5.00 X 0 0 0 BARBARA RODKIN TRUSTEE 5.00 X 0 0 0 SAM SCOTT TRUSTEE 5.00 X 0 0 0 JON SODERBERG TRUSTEE 5.00 X 0 0 0 SANDRA STUART TRUSTEE 5.00 X 0 0 0 DAVID VERINDER TRUSTEE 5.00 X 0 0 0 KIRK VOELKER MD TRUSTEE 5.00 X 0 0 0 JOEL MORGANROTH MD SECRETARY 10.00 X X 0 0 0 ROBERT LEE WOOD VICE CHAIR 10.00 X X 0 0 0 DEBORAH KABINOFF CHAIR 10.00 X X 0 0 0 PHILIP A DELANEY JR IMMEDIATE PAST CHAIR 5.00 X X 0 0 0 ERIC SPIEGEL TREASURER 10.00 X X 0 0 0 STACEY CORLEY PRESIDENT 50.00 X 323606 0 40929 SALLY A SCHULE DIRECTOR OF COMMUNITY ENGAGEMENT 50.00 X 174003 0 22055 PATRICIA MAHLER DIR. OF COMMUNICATIONS 50.00 X 166419 0 16514 PATRICK J MCQUILLAN DIR. OF DEVELOPMENT 50.00 X 166005 0 35339 CRAIG A MORAN DIR. OF DEVELOPMENT 50.00 X 175776 0 26054 MICHELLE BUTLER DIR. OF DEVELOPMENT 50.00 X 160423 0 35667 1166232 0 176558 6 0 1 0 THE RITZ-CARLTON 1111 RITZ-CARLTON DRIVE SARASOTA FL 34236 CATERING/EVENTS 447120 MICHAEL'S ON EAST 1212 S EAST AVENUE SARASOTA FL 34239 CATERING/EVENTS 173911 BAY STAGE LIVE 4008 WEST ALIVA STREET TAMPA FL 33614 EVENTS/ENTERTAINMENT 159500 3 420655 29165675 7923212 29586330 3840158 3840158 17572072 4656 16825023 45387 747049 -40731 706318 706318 2268546 420655 905253 1363293 1363293 MISCELLANEOUS REVENUE 900099 21663 21663 PARTNERSHIP K-1 900099 -84212 -122 -84090 -62549 35433550 0 -122 5847342 9282322 9282322 372548 74510 298038 1633811 692772 941039 49304 21077 28227 44060 20428 23632 137280 52879 84401 7706 7706 29460 29460 20412 20412 202856 202856 281395 281395 210621 48725 161896 43999 22000 21999 16136 16136 1494 747 747 21922 7234 14688 31061 31061 FEDERAL TAX PAYMENTS 219 219 PURCHASED SERVICES 658460 367417 291043 MERCHANT PROCESSING FEE 35210 35210 EXPENSES REPORTED ON K- 28113 28113 16822 15622 1200 13125211 9282322 1674172 2168717 14977816 9089069 35302543 20990077 60500 850178 1435473 208849 144289 37833 64560 73886819 113481038 13949589 22735712 139004778 167856429 397451 370630 9470041 7846711 513948 532800 296569 275313 10678009 9025454 X 12405721 26424601 115921048 132406374 128326769 158830975 139004778 167856429 X 22308339 7466349 729518 X X 0 1 X 1 0 X 40908480 22970238 41830154 14347314 29586330 149642516 40908480 22970238 41830154 14347314 29586330 149642516 64216982 85425534 708420 720254 895168 2574136 3840158 8738136 2576 7062 9638 63553 44883 216833 111543 -62427 374385 158764675 7888417 0.53810 0.51250 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11637593 14888729 1507860 273316 27760866 11047759 180518 564348 155032 11637593 13239344 13000 -1092725 1111860 11047759 11967285 183846 2056754 968541 13239344 29208642 6992 1265246 18513595 11967285 0.50080 0.38180 0.11740 1 0 208849 144289 64560 64560 ASSETS HELD IN CHARITABLE TRUSTS 139465 BEQUESTS RECEIVABLE 21030163 BENEFICIAL INTEREST IN PERPETUAL TRUSTS 1068291 CONTRIBUTIONS RECEIVABLE FROM CHARITABLE REMAINDER TRUSTS 346777 RIGHT-OF-USE LEASE ASSET 151016 22735712 LIABILITY UNDER TRUST AGREEMENTS 124297 LEASE LIABILITY 151016 275313 X 43251436 7466349 160811 309370 7936530 35314906 202856 -84212 118644 35433550 12747230 -147012 -147012 12894242 202856 28113 230969 13125211 PART V, LINE 4: THE INCOME FROM ENDOWMENT IS USED TO SUPPORT THE OPERATIONS AND PROGRAMS OF THE ORGANIZATION ACCORDING TO THE RESTRICTIONS DESCRIBED BY THE DONOR, OR THE BOARD OF TRUSTEES IN THE CASE OF BOARD DESIGNATED ENDOWMENTS. PART X, LINE 2: UNDER THE INCOME TAXES TOPIC OF THE FASB ACCOUNTING STANDARDS CODIFICATION, THE FOUNDATION HAS REVIEWED AND EVALUATED THE RELEVANT TECHNICAL MERITS OF EACH OF ITS TAX POSITIONS IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, AND DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED LOSS ON PERPETUAL TRUSTS 168,878. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 140,492. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT INCOME FROM SCHEDULE K-1'S -84,212. PART XII, LINE 2D - OTHER ADJUSTMENTS: ADJUSTMENT BAD DEBT RESERVE -147,012. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES REPORTED ON K-1'S RECEIVED 28,113. SCHEDULE D PART V LINE 1E THESE ARE FUNDS FROM BOARD DESIGNATED, QUASI-ENDOWMENT FUNDS THAT THE BOARD RELEASED DURING THE YEAR INTO NET ASSETS WITHOUT DONOR RESTRICTIONS. X X 0 MSP DIGITAL MARKETING OF MA 399 RIVER RD HUDSON MA 01749 FUNDRAISING CAMPAIGNS & DONOR MAILING LISTS 0 35839 35839 0 PENTERA INC 8650 COMMERCE PARK PLACE STE G INDIANAPOLIS IN 46268 PLANNED GIVING MAILINGS 0 6770 6770 0 CRESCENDO INTERACTIVE INC 110 CAMINO RUIZ CAMARILLO CA 93012 PLANNED GIVING SUPPORT 0 6048 6048 0 48657 48657 FL GALA 2023 1792177 89120 1703057 264085 5348 185927 WOMEN & MEDICINE 345720 179500 166220 47714 35533 2 551304 152035 399269 90523 10630 265493 2689201 420655 2268546 402322 15978 486953 905253 1363293 SCHEDULE G, PART I, LINE 2B, COLUMN (V) FIXED SERVICE FEES FOR FUNDRAISING COUNSEL; CONSULTANT SUBMITS RECEIPTS FOR EXPENSE REIMBURSEMENT AT COST. EXPENSE PAYMENTS AND REIMBURSEMENTS ARE ITEMIZED ON THE BILLING. 1 SARASOTA COUNTY PUBLIC HOSPITAL BOARD SARASOTA MEMORIAL HEALTHCARE SYSTEMS 1700 S TAMIAMI TRAIL SARASOTA FL 34239 650480667 SARASOTA COUNTY 9151322 0 EDUCATION, FACILITIES & EQUIPMENT, RESEARCH, PATIENT CARE AND OTHER EPILEPSY SERVICES OF SOUTHWEST FLORIDA INC 1750 17TH STREET BLDG 1-2 SARASOTA FL 34234 593281492 501(C)(3) 50000 0 PATIENT CARE ALSO FOR GAY YOUTH INC 1470 BLVD OF THE ARTS SARASOTA FL 34236 742840470 501(C)(3) 50000 0 PATIENT CARE GOOD SAMARITAN PHARMACY & HEALTH SERVICES INC 2502 N TAMIAMI TRAIL SARASOTA FL 34275 262295558 501(C)(3) 31000 0 PATIENT CARE 4 0 PART I, LINE 2: GRANTS ARE RESTRICTED TO QUALIFIED EXEMPT HEALTH CARE-RELATED ORGANIZATIONS WITHIN SARASOTA COUNTY, FLORIDA. PRIOR TO AUTHORIZING DISBURSEMENTS, THE BOARD OF TRUSTEES DETERMINES THAT ORGANIZATIONS TO RECEIVE PAYMENT ARE: (1) A LOCAL GOVERNMENTAL UNIT AS DESCRIBED IN SECTION 170 (B), OR (2) AN ORGANIZATION OTHERWISE EXEMPT UNDER 501(C)(3) BY EXAMINING THE ORGANIZATION'S LETTER AND THAT THE USE OF THE GRANT IS FOR CHARITABLE PURPOSES DESCRIBED IN SECTIONS 170(C)(1) AND 170(B). THE SARASOTA COUNTY PUBLIC HOSPITAL I BOARD, SARASOTA MEMORIAL HOSPITAL IS A LOCAL GOVERNMENTAL UNIT DESCRIBED IN SECTION 170(B). X X X 0 0 0 0 0 0 0 0 0 STACEY CORLEY PRESIDENT 265306 0 58300 0 0 0 10600 0 30329 0 364535 0 0 0 CRAIG A MORAN DIR. OF DEVELOPMENT 164998 0 10778 0 0 0 6534 0 19520 0 201830 0 0 0 PATRICK J MCQUILLAN DIR. OF DEVELOPMENT 155826 0 10179 0 0 0 6171 0 29168 0 201344 0 0 0 MICHELLE BUTLER DIR. OF DEVELOPMENT 150586 0 9837 0 0 0 5963 0 29704 0 196090 0 0 0 SALLY A SCHULE DIRECTOR OF COMMUNITY ENGAGEMENT 162723 0 11280 0 0 0 6444 0 15611 0 196058 0 0 0 PATRICIA MAHLER DIR. OF COMMUNICATIONS 156815 0 9604 0 0 0 5486 0 11028 0 182933 0 0 0 X 9 7923212 STOCK EXCHANGE/FMV 0 1 1 PART I, LINE 32B: INVESTMENT FIRM THAT HANDLES MANAGEMENT OF ALL OF THE ORGANIZATION'S INVESTMENTS. FORM 990, PART I, LINE 6 VOLUNTEER GOVERNING BOARD OF TRUSTEES PLUS VOLUNTEER COMMITTEE CHAIRS AND MEMBERS FOR SPECIAL EVENTS. FORM 990, PART V, LINE 2B: WAGES ARE PAID BY AND REIMBURSED TO SMH HEALTH CARE, INC.(FEIN 59-2620159) FORM 990, PART VI, SECTION B, LINE 11B EACH MEMBER OF THE BOARD OF TRUSTEES RECEIVES AN ELECTRONIC COPY OF THE ENTIRE 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES, OFFICERS, EMPLOYEES AND MEMBERS OF ANY COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS ARE COVERED BY THE POLICY AND ARE REQUIRED TO DISCLOSE THE EXISTENCE OF ANY FINANCIAL INTEREST WHICH MAY BE A CONFLICT OF INTEREST. A PERSON HAS A FINANCIAL INTEREST IF THE PERSON IS 1) AN OFFICER OR DIRECTOR OR EMPLOYEE OF AN ORGANIZATION WHICH IS APPLYING FOR OR RECEIVING A GRANT FROM THE FOUNDATION, 2) HAS AN OWNERSHIP OR INVESTMENT INTEREST OF GREATER THAN 5% IN ANY ENTITY WITH WHICH THE FOUNDATION HAS A TRANSACTION OR ARRANGEMENT, AND/OR 3) HAS A COMPENSATION ARRANGEMENT WITH THE FOUNDATION OR WITH ANY ENTITY OR INDIVIDUAL WITH WHICH THE FOUNDATION HAS A TRANSACTION OR ARRANGEMENT. COMPENSATION INCLUDES DIRECT AND INDIRECT REMUNERATION AS WELL AS GIFTS OR FAVORS REASONABLY CONSIDERED NOT INSUBSTANTIAL. THE INTERESTED PERSON IS GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE TRUSTEES OR MEMBERS OF COMMITTEES CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. A CONFLICT MAY BE DECLARED BY THE INTERESTED PERSON WITHOUT FURTHER ACTION, OR THE BOARD OR COMMITTEE MAY MAKE A DETERMINATION AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS. AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE OR SHE SHALL LEAVE THE MEETING WHILE THE BOARD OR COMMITTEE DISCUSSES THE MATTER AND DETERMINE BY MAJORITY VOTE OF THE DISINTERESTED TRUSTEES OR COMMITTEE MEMBERS WHETHER A CONFLICT OF INTEREST EXISTS. IF A CONFLICT OF INTEREST IS FOUND TO EXIST, 1) THE BOARD OR COMMITTEE MAY APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE THE PROPOSED TRANSACTION WHICH INVOLVES A CONFLICT OF INTEREST, OR 2) THE BOARD OR COMMITTEE SHALL DETERMINE, BY MAJORITY VOTE, WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE FOUNDATION'S BEST INTEREST AND WHETHER TO PROCEED OR REJECT THE PROPOSAL. DURING THE DISCUSSION AND VOTE ON THE MATTER, THE INTERESTED PERSON WITH THE CONFLICT OF INTEREST SHALL NOT BE PRESENT. A VOTING MEMBER OF THE BOARD OF TRUSTEES OR OF ANY COMMITTEE WHO RECEIVED COMPENSATION DIRECTLY OR INDIRECTLY FROM THE FOUNDATION FOR SERVICES IS PRECLUDED FROM VOTING ON MATTERS PERTAINING TO THAT MEMBER'S COMPENSATION. IF THE BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE MEMBER'S RESPONSE, THE BOARD OR COMMITTEE DETERMINES THAT THE MEMBER HAS FAILED TO DISCLOSE AS REQUIRED, IT SHALL TAKE APPROPRIATE CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION GUIDELINES ASSIST THE BOARD IN FULFILLING ITS RESPONSIBILITIES TO ACHIEVE THE FOUNDATION'S GOALS AND OBJECTIVES ACCORDING TO THE MISSION STATEMENT AND UPDATED BY THE STRATEGIC PLAN. THE ALLOCATION OF FINANCIAL AND HUMAN RESOURCES IS DESIGNED FOR THAT PARTICULAR PURPOSE AND THE BOARD RECOGNIZES THAT ACHIEVING THE MISSION REQUIRES ATTRACTING, RETAINING AND REWARDING SKILLED EXECUTIVES AND PERSONNEL WITHIN APPROPRIATE GUIDELINES ESTABLISHED BY GOOD GOVERNANCE PRACTICES. THE BOARD WISHES TO ESTABLISH COMPENSATION INCENTIVES THAT ARE COMPETITIVE IN THE MARKETPLACE AND BALANCED BETWEEN SHORT AND LONG-TERM PERFORMANCE DESIGNED TO MOTIVATE AND REWARD MISSION DIRECTED PERFORMANCE. THE GOVERNANCE AND COMPENSATION COMMITTEE IS RESPONSIBLE FOR THE FUNCTIONING OF THE BOARD OF TRUSTEES AND ENSURES THAT AN EFFECTIVE PERFORMANCE EVALUATION AND COMPENSATION PROCESS IS IN PLACE. DUTIES INCLUDE 1) FACILITATE THE ANNUAL PERFORMANCE REVIEW OF THE FOUNDATION PRESIDENT. INVITE PERFORMANCE FEEDBACK FROM ALL BOARD MEMBERS. AT AN ANNUAL EXECUTIVE SESSION OF THE BOARD, SHARE FEEDBACK, AND REACH CONSENSUS ON OVERALL PERFORMANCE RATING. 2) ANNUALLY RECOMMEND COMPENSATION AND BONUS LEVELS TO THE BOARD FOR THE FOUNDATION PRESIDENT. 3) COMPENSATION FOR SENIOR EXECUTIVES MUST MEET STANDARDS UNDER IRS INTERMEDIATE SANCTIONS REGULATIONS AS THEY APPLY TO DISQUALIFIED PERSONS. THIS INCLUDES THE PRESIDENT AND OTHER KEY STAFF. COMPENSATION, FOR PURPOSES OF INTERMEDIATE SANCTIONS, INCLUDES ALL REMUNERATION. ANNUALLY THE FULL BOARD MEETS TO ESTABLISH THE MISSION-ORIENTED STRATEGY FOR THE COMING YEAR AND APPROVE THE ANNUAL PLAN FOR ALLOCATING FINANCIAL RESOURCES. THE STRATEGY WILL BECOME THE BASIS FOR ESTABLISHING PERFORMANCE GOALS FOR THE ORGANIZATION AS A WHOLE AND FOR INDIVIDUALS. THE GOVERNANCE AND COMPENSATION COMMITTEE ESTABLISHES MISSION-ORIENTED PERFORMANCE GOALS AND OVERALL COMPENSATION PHILOSOPHY FOR THE COMING YEAR BASED ON THE STRATEGY AND FINANCIAL RESOURCES. THE BOARD HAS DETERMINED THAT MERIT INCREASES AND BONUSES ARE BASED ON PERFORMANCE IN ACHIEVING THE FOUNDATION'S OBJECTIVES TO FULFILL THE MISSION AND STRATEGIC PLAN. THE BOARD HAS ALSO SET A GOAL THAT ALL STAFF, INCLUDING EXECUTIVES, RECEIVE MARKET COMPETITIVE COMPENSATION INCLUDING BENEFITS. THE PRESIDENT OR DESIGNEE EVALUATES EACH STAFF MEMBER DURING THE ANNUAL PLANNING PROCESS AND COMPENSATION IS ADJUSTED BASED ON PERFORMANCE, THE BOARD APPROVED ANNUAL OPERATING BUDGET, AND THE MARKET BASED SALARY POINT FOR THAT POSITION. THE PRESIDENT HAS PARAMETERS FOR TOTAL COMPENSATION PAID TO STAFF BASED ON THE BOARD APPROVED ANNUAL OPERATING BUDGET AND IS REQUIRED TO INFORM THE EXECUTIVE COMMITTEE WHENEVER COMPENSATION WILL EXCEED THOSE PARAMETERS. THE GOVERNANCE AND COMPENSATION COMMITTEE EVALUATES THE PRESIDENT ANNUALLY AT THE END OF THE EACH FISCAL YEAR AND DETERMINES THE ANNUAL RATING BASED ON PERFORMANCE, ACHIEVEMENT OF GOALS AND COMPARABLE COMPENSATION FOR LIKE POSITIONS IN SIMILAR ORGANIZATIONS. TO MEET THE REASONABLE STANDARD OF THE IRS, THE FOUNDATION HAS IDENTIFIED A GROUP OF ORGANIZATIONS MOST COMPARABLE TO THE FOUNDATION IN TERMS OF REVENUES AND THEIR SOURCES, SCOPE OF ACTIVITIES, MISSION, QUALITY OF STAFF THEY RECRUIT AND PUBLIC PROMINENCE. THE TOTAL COMPENSATION FOR THE CEOS OF THESE ORGANIZATIONS IS USED TO DETERMINE REASONABLENESS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 140,492. RETURN OF GRANT FUNDS 160,811. UNREALIZED GAIN ON PERPETUAL TRUSTS 168,878. NET INVESTMENT (INCOME) LOSS REPORTED ON SCHEDULE K-1'S RECEIVED 112,325. ADJUSTMENT BAD DEBT RESERVE 147,012. FORM 990, PART XII, LINE 2C AUDIT REVIEW PROCESS THE AUDIT REVIEW PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.