2025-09-24T14:01:30-05:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 10700 NORTHUP WAY SUITE 200 BELLEVUE WA 98004 990 2024-10-01 201929953 HARNETT HEALTH SYSTEM FOUNDATION HARN 9108911000 800 TILGHMAN DRIVE DUNN NC 28334 BRET JOHNSON CFO 9108911000 2025-09-24 1 1 KURT BENNION CPA P01469618 4252506100 2025-09-23 2024 2025-03-06 01:10:19Z BRAD HEATH 800 TILGHMAN DRIVE DUNN NC 28334 1243590 0 X WWW.CAPEFEARVALLEY.COM/GIVING/HARNETTFOUNDATION/ X 2004 NC THE FOUNDATION'S PURPOSE IS TO SUPPLEMENT, ENHANCE AND ENRICH THE FACILITIES PROGRAMS AND SERVICES PROVIDED BY HARNETT HEALTH SYSTEM, INC. 17 17 0 17 0 0 191074 1220149 0 0 48515 23441 0 0 239589 1243590 0 0 0 0 0 0 0 0 0 47294 8118 47294 8118 192295 1235472 1731632 2515107 104969 505 1626663 2514602 THE FOUNDATION'S PURPOSE IS TO SUPPLEMENT, ENHANCE AND ENRICH THE FACILITIES PROGRAMS AND SERVICES PROVIDED BY HARNETT HEALTH SYSTEM, INC. 0 0 8118 0 0 HARNETT HEALTH FOUNDATION'S MISSION IS TO RAISE AWARENESS, INSPIRE ENGAGEMENT, AND INVESTMENT IN LOCAL HEALTH CARE TO IMPROVE THE QUALITY OF LIFE OF OUR FAMILIES AND NEIGHBORS. THEY ARE ADVANCING HEALTHCARE & CONTRIBUTING TO A THRIVING COMMUNITY THROUGH COMMUNITY ENGAGEMENT, NEEDED DEVELOPMENT IN HARNETT HEALTH FACILITIES AND STATE-OF-THE-ART EQUIPMENT. 8118 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 NC X BRET JOHNSON 9106154829 PO BOX 2000 FAYETTEVILLE NC 283022000 BRAD HEATH CHAIR 4.00 0.00 X X 0 0 0 ASHLYN THOMPSON VICE-CHAIR 4.00 0.00 X X 0 0 0 DR OLALEKAN FOLARIN SECRETARY 4.00 0.00 X X 0 0 0 DAVID STEPHENS TREASURER 4.00 0.00 X X 0 0 0 BO JONES DIRECTOR 1.00 0.00 X 0 0 0 DR LORI LANGDON DIRECTOR 1.00 0.00 X 0 0 0 JOE LANGLEY DIRECTOR 1.00 0.00 X 0 0 0 GENE LEWIS DIRECTOR 1.00 0.00 X 0 0 0 GLENN MCFADDEN DIRECTOR 1.00 0.00 X 0 0 0 ANN MILTON DIRECTOR 1.00 0.00 X 0 0 0 APRIL POPE DIRECTOR 1.00 0.00 X 0 0 0 MELODY PRICE DIRECTOR 1.00 0.00 X 0 0 0 DR CHRIS STEWART DIRECTOR 1.00 0.00 X 0 0 0 JOHN WILBOURNE DIRECTOR 1.00 0.00 X 0 0 0 TARA WILSON DIRECTOR 1.00 0.00 X 0 0 0 TRIPP WOMBLE DIRECTOR 1.00 0.00 X 0 0 0 DR CHRIS ZINKHAN DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL NAGOWSKI CEO 1.00 55.00 X 0 1751758 26851 BRET JOHNSON CFO - CFVH 1.00 55.00 X 0 804547 23349 SABRINA BROOKS VP OF FOUNDATIONS 15.00 40.00 X 0 205814 15293 DANIEL WEATHERLY COO 1.00 55.00 X 0 991567 25009 DEBORAH MARSHBURN CNO 1.00 55.00 X 0 495612 22526 PHILIP WOOD JR CIO 1.00 55.00 X 0 606948 25025 0 4856246 138053 0 0 1 0 0 1220149 1220149 16555 16555 6886 0 6886 6886 6886 1243590 0 0 23441 X 3662 3662 3113 3113 1343 1343 8118 8118 0 0 283348 441960 577042 1448284 1496105 1731632 2515107 104969 505 104969 505 X 1626663 2514602 1626663 2514602 1731632 2515107 1235472 -25322 -322211 0 X X 0 1 X 1 0 X 61109 135549 196284 191074 1220149 1804165 61109 135549 196284 191074 1220149 1804165 386861 1417304 13342 19093 15542 39924 16555 104456 1908621 0.74260 0.37940 X PART II, COLUMN E: AMOUNTS REPORTED IN PART II, COLUMN E ARE FOR A SHORT YEAR THAT BEGAN ON OCTOBER 1, 2024, AND ENDED ON DECEMBER 31, 2024. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 INVESTMENTS HELD TO MATURITY 1496105 F 1496105 0 0 0 0 0 0 0 0 0 MICHAEL NAGOWSKI CEO 0 1199200 0 549946 0 2612 0 15350 0 11501 0 1778609 0 0 DANIEL WEATHERLY COO 0 684441 0 306501 0 625 0 15350 0 9659 0 1016576 0 0 BRET JOHNSON CFO - CFVH 0 610684 0 175770 0 18093 0 15350 0 7999 0 827896 0 0 PHILIP WOOD JR CIO 0 455481 0 141980 0 9487 0 15350 0 9675 0 631973 0 0 DEBORAH MARSHBURN CNO 0 386789 0 105247 0 3576 0 15350 0 7176 0 518138 0 0 SABRINA BROOKS VP OF FOUNDATIONS 0 170711 0 35103 0 0 0 10136 0 5157 0 221107 0 0 PART I, LINE 3 EXECUTIVE SALARIES ARE DETERMINED BY A MARKET ANALYSIS INVOLVING COMPARABILITY DATA, INDUSTRY STANDARDS, AND LOCAL ECONOMICS. THE CEO'S SALARY IS A CONDITION OF THE MANAGEMENT AGREEMENT BETWEEN THE BOARD OF DIRECTORS AT CAPE FEAR VALLEY MEDICAL CENTER, A RELATED EXEMPT ORGANIZATION.. THE BOARD HAS INDIRECT APPROVAL OVER THE COMPENSATION PAID TO THE CEO THROUGH THIS AGREEMENT, AND HAS APPROVAL OVER ANY ADDITIONAL AMOUNTS AND INCREASES. CAPE FEAR PREPARES A COMPENSATION STUDY FOR OFFICERS AND KEY EMPLOYEES EXCLUDING THE CEO AND MAKES THE RECOMMENDATIONS TO THE CEO OF HARNETT HEALTH SYSTEM. THOSE RECOMMENDATIONS, INCLUDING ANY AMOUNTS ALLOCATED FOR RAISES AND INCENTIVES, ARE INCLUDED IN THE ANNUAL BUDGET PROCESS WHICH IS APPROVED BY THE FINANCE COMMITIEE OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL BE COMPOSED OF THE CHAIRPERSON, THE VICE CHAIRPERSON, THE SECRETARY AND THE TREASUER. THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE THE AUTHORITY OF THE BOARD IN THE MANAGEMENT OF THE ORGANIZATION TO THE EXTENT PERMITTED BY LAW DURING THE INTERVALS BETWEEN MEETINGS OF THE BOARD. ALL ACTIONS TAKEN BY THE EXECUTIVE COMMITTEE SHALL BE REPORTED TO THE BOARD. FORM 990, PART VI, SECTION A, LINE 6 HARNETT HEALTH SYSTEM, A NORTH CAROLINA NONPROFIT CORPORATION, IS THE SOLE MEMBER OF HARNETT HEALTH SYSTEM FOUNDATION. FORM 990, PART VI, SECTION A, LINE 7A ONE MEMBER OF THE BOARD OF DIRECTORS IS APPOINTED BY HARNETT HEALTH SYSTEM. THE REMAINING MEMBERS OF THE BOARD ARE ELECTED BY THE BOARD SUBJECT TO THE APPROVAL OF HARNETT HEALTH SYSTEM. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING ACTIONS REQUIRE APPROVAL OF HARNETT HEALTH SYSTEM, THE SOLE MEMBER: (A) AMENDMENT OF THE ARTICLES OF INCORPORATION; (B) THE CONVERSION, MERGER, CONSOLIDATION, OR SALE OF SUBSTANTIALLY ALL OF THE ORGANIZATION'S ASSETS; (C) THE ORGANIZATION'S DISSOLUTION; (D) ADOPTION OF AN ANNUAL OPERATING OR CAPITAL BUDGET; (E) NORMAL OPERATING EXPENDITURES, INDIVIDUALLY OR IN THE AGGREGATE, THAT EXCEED THE BUDGETED COST BY MORE THAN $10,000; (F) CAPITAL EXPENDITURES, INDIVIDUALLY OR IN THE AGGREGATE, THAT EXCEED THE BUDGETED COST BY MORE THAN $10,000; (G) TAKING ACTION NOT CONTEMPLATED BY AN APPROVED BUDGET (INCLUDING OFFICER COMPENSATION); (H) INCURRING INDEBTEDNESS FOR MONEY BORROWED (OTHER THAN TRADE ACCOUNTS PAYABLE INCURRED IN THE ORDINARY COURSE OF BUSINESS); (I) PLEDGING OR GRANTING A SECURITY INTEREST IN ANY OF THE ORGANIZATION'S ASSETS (OTHER THAN STATUTORY LIENS ARISING BY OPERATION OF LAW); (J) GUARANTEEING THE OBLIGATIONS OF A THIRD PARTY; (K) THE ACQUISITION, PURCHASE, SALE, ENCUMBERANCE OR OTHER DISPOSITION OF REAL PROPERTY; (L) LOANS TO A THIRD-PARTY FUND FOR MONEY BORROWED; (M) INVESTING IN THE EQUITY SECURITIES OF A THIRD PARTY; (N) ENTERING INTO A JOINT VENTURE; (O) CREATING ANY NEW AFFILIATE OR SUBSIDIARY; AND (P) ENTERING INTO A TRANSACTION WITH A DIRECTOR OR OFFICER, OR AN AFFILIATE THEREOF, OTHER THAN ON TERMS COMPARABLE TO THOSE WHICH WOULD BE ASSOCIATED WITH A SIMILAR CONTRACT WITH AN UNRELATED THIRD PARTY. FORM 990, PART VI, SECTION B, LINE 11B PRINTED COPIES ARE MADE AVAILABLE TO THE BOARD OF TRUSTEES AT THE ADMINISTRATIVE OFFICE PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT-OF-INTEREST POLICY IS REVIEWED ANNUALLY BY THE LEADERSHIP OF THE BOARD OF TRUSTEES (THROUGHOUT THE YEAR IF NEEDED) AND ADMINISTERED TO ALL VOTING BOARD MEMBERS FORM 990, PART VI, SECTION C, LINE 18 PHOTOCOPIES OF THE RECENT FILINGS OF THE FORM 990 ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S ADMINISTRATIVE OFFICE. IN ADDITION, RECENT FILINGS OF THE FORM 990 ARE AVAILABLE ONLINE AT WWW.GUIDESTAR.ORG. FORM 990, PART VI, SECTION C, LINE 19 PHOTOCOPIES OF THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S ADMINISTRATIVE OFFICE. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 3,662. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,662. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. HARNETT HEALTH SYSTEM INC 800 TILGHMAN DRIVE DUNN NC 28334 560603898 HOSPITAL NC 501(C)(3) LINE 3 CCHS 0 CUMBERLAND COUNTY HOSPITAL INC PO BOX 2000 FAYETTEVILLE NC 28302 560845796 HOSPITAL NC 501(C)(3) LINE 3 N/A 0 CAPE FEAR VALLEY MEDICAL FOUNDATION INC PO BOX 87526 FAYETTEVILLE NC 28304 561947017 FUNDRAISING NC 501(C)(3) LINE 7 CCHS 0 THE BLADEN COUNTY HOSPITAL FOUNDATION INC PO BOX 398 ELIZABETHTOWN NC 28337 561833893 FUNDRAISING NC 501(C)(3) LINE 7 CCHS 0 HIGHSMITH-RAINEY MED ARTS CENTER ASSOC PO BOX 2000 FAYETTEVILLE NC 28302 561747424 RENTAL ASSOC. NC N/A C 0 CUMBERLAND HLTH PARTNERS INC (INACTIVE) PO BOX 2000 FAYETTEVILLE NC 28302 562043978 BEHAVIORAL HEALTH NC N/A C 0 CAPE FEAR INSURANCE LTD PO BOX 30600 SMB WEST BAY RD GRAND CAYMAN CJ 980449284 INSURANCE CJ N/A C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0