2018-11-15T12:49:36-09:00 2017-12-31 920116098 KOHLER SCHMITT & HUTCHISON PC PO BOX 70607 FAIRBANKS AK 997070607 990 2017-01-01 920035784 THE GREATER FAIRBANKS COMMUNITY HOSPITAL FOUNDATION INCORPORATED GREA 9074585550 PO BOX 71396 FAIRBANKS AK 997071396 RUTH WENDLER CFO 9074585550 2018-11-15 GARY CORRICK P00296939 9074566676 2018-11-15 66.230.99.51 2018-11-15 15:49:36 CS P F7413D766881C0E101CA54E0D5BD79304E0FCFE7 28C9F28F4AA7C82AF9DE65C6CC99B08C2CEE0B1C 2017 2019-02-21 02:37:17Z JEFF COOK PO BOX 71396 FAIRBANKS AK 997071396 97902837 false X FAIRBANKSHOSPITALFOUNDATION.COM X 1968 AK THE GREATER FAIRBANKS COMMUNITY HOSPITAL FOUNDATION WAS ESTABLISHED TO ENSURE THAT WE NEVER AGAIN FACE THE PROSPECT OF A COMMUNITY WITHOUT HEALTH CARE BY: 1) PROVIDING OUTSTANDING MEDICAL FACILITIES AND TECHNOLOGY 2) OVERSEEING AN EXCELLENT OPERATOR 3) CREATING AN ENVIRONMENT THAT ATTRACTS QUALITY, CARING PHYSICIANS WHO WISH TO BE A PART OF THE COMMUNITY, AND 4) CREATING PARTNERSHIPS TO DELIVER QUALITY PATIENT CARE. 32 32 0 107 0 849304 1247748 54979478 38345583 3134014 4510482 -40804 -78461 58921992 44025352 130040 88269 0 706250 0 149776 33797778 35966590 33927818 36761109 24994174 7264243 488011742 493057516 155278690 144540350 332733052 348517166 X THE GREATER FAIRBANKS COMMUNITY HOSPITAL FOUNDATION WAS ESTABLISHED TO ENSURE THAT WE NEVER AGAIN FACE THE PROSPECT OF A COMMUNITY WITHOUT HEALTH CARE BY: 1) PROVIDING OUTSTANDING MEDICAL FACILITIES AND TECHNOLOGY 2) OVERSEEING AN EXCELLENT OPERATOR 3) CREATING AN ENVIRONMENT THAT ATTRACTS QUALITY, CARING PHYSICIANS WHO WISH TO BE A PART OF THE COMMUNITY, AND 4) CREATING PARTNERSHIPS TO DELIVER QUALITY PATIENT CARE. false false 31778359 88269 38217436 GFCHF BUILDS/LEASES MEDICAL FACILITIES TO SERVE THE INTERIOR ALASKA COMMUNITY (100,000 + PEOPLE). IT LEASES AN EQUIPPED HOSPITAL/LONG-TERM CARE FACILITY, IMAGING CENTER, CANCER TREATMENT CENTER, AND HEART CENTER TO FOUNDATION HEALTH LLC (A RELATED NON-PROFIT ORGANIZATION) AND LEASES OTHER MEDICAL OFFICE FACILITIES TO CLINICS AND INDIVIDUAL DOCTORS AS WELL AS FOUNDATION HEALTH. GFCHF'S DEVELOPMENT PROGRAM IS FOCUSED ON SOLICITING CONTRIBUTIONS, INCREASING AWARENESS OF THE ORGANIZATION, AND ENGAGING THE COMMUNITY IN GFCHF EVENTS. THE NEW FMH SURGERY CENTER, CIRCLE OF HOPE (CANCER CENTER), WITH ALL YOUR HEART (PORTER HEART CENTER) AND FMH MEDICAL HOSPICE ARE THE MOST ACTIVE CURRENT CAMPAIGNS. 31778359 true true false false false false false false false true true false true false true false false true false false false false false false true false false true true true true false false false false false false false false false false false false false false false true true true false false true X 35 0 true 0 false false false false false true true false false false false false false false X 32 32 false false false false true true false true true false false false true true true true true true false false X X RUTH WENDLER 9074585550 1650 COWLES STREET FAIRBANKS AK 99701 JEFF COOK PRESIDENT 1.50 1.00 X X 0 0 0 GARY RODERICK 1ST VICE PRE 1.20 1.00 X X 0 0 0 WILLIAM VIVLAMORE 2ND VICE PRE 1.00 0.40 X X 0 0 0 ROGER FLOERCHINGER TREASURER 1.20 0.30 X X 0 0 0 JOE FAULHABER SECRETARY 1.30 1.30 X X 0 0 0 MARGARET SODEN TRUSTEE 0.70 0.70 X 0 0 0 SCOTT BELL CONSTR CHAIR 1.00 0.60 X 0 0 0 WALTER CARLO TRUSTEE EMER 0.00 0.00 X 0 0 0 ELIZABETH SCHOK TRUSTEE 0.30 X 0 0 0 RON DAVIS TRUSTEE 0.60 0.50 X 0 0 0 ANDREA GELVIN TRUSTEE EMER 0.10 0.00 X 0 0 0 GAIL HATTAN TRUSTEE 0.70 X 0 0 0 CHERYL KILGORE TRUSTEE 0.50 X 0 0 0 DAVID MCNARY TRUSTEE 0.60 X 0 0 0 WILLIAM W MENDENHALL TRUSTEE EMER 0.20 X 0 0 0 RICHARD SEIFERT TRUSTEE EMER 0.60 X 0 0 0 DON THIBEDEAU TRUSTEE 0.30 X 0 0 0 STEVE STEPHENS TRUSTEE EMER X 0 0 0 BECKY ZAVERL TRUSTEE 0.20 X 0 0 0 BERNARD GATEWOOD TRUSTEE 0.60 X 0 0 0 GALEN JOHNSON TRUSTEE 0.70 X 0 0 0 MICHAEL SFRAGA TRUSTEE 0.00 X 0 0 0 BENJAMIN ROTH TRUSTEE 0.30 X 0 0 0 MARK SIMON TRUSTEE 0.80 X 0 0 0 CHARLENE OSTBLOOM TRUSTEE 0.00 0.00 X 0 0 0 RYAN BINKLEY TRUSTEE 0.50 X 0 0 0 KAREN PERDUE TRUSTEE 0.70 1.20 X 0 0 0 BILL BAILEY TRUSTEE 0.10 X 0 0 0 MATT WILKEN TRUSTEE 0.10 X 0 0 0 DANTE CONLEY TRUSTEE 0.30 X 0 0 0 TIM CAREY TRUSTEE 0.20 X 0 0 0 DOUG TANSY TRUSTEE 0.40 X 0 0 0 SHELLEY EBENAL ED/ GEN COUN 40.00 X 0 233202 41285 RUTH WENDLER CFO 30.00 X 0 61310 14801 294512 56086 false true false GHEMM COMPANY INC 3861 SCHACHT STREET FAIRBANKS AK 99701 CONSTRUCTION 5201507 JOHNSON RIVER ENTERPRISES PO BOX 70377 FAIRBANKS AK 99707 CONSTRUCTION 1929156 FULLFORD ELECTRIC INC 303 E VAN HORN RD FAIRBANKS AK 99701 CONSTRUCTION 721988 FOUNTAINHEAD DEVELOPMENT 1501 QUEENS WAY FAIRBANKS AK 99701 RENT 688142 DORSEY & WHITNEY LLP 801 GRAND SUITE 4100 DES MOINES IA 503098002 LEGAL 584147 12 218532 1029216 1247748 RENT HOSPITAL FACILITY 531120 28272936 28272936 RENT - TVC 531120 4518474 4518474 RENT - 1919 LATHROP 531120 2048265 2048265 RENT DENALI CENTER 531120 1795000 1795000 OTHER OFF CAMPUS PROPERTIES 531120 1497947 1497947 212961 212961 38345583 4691243 4691243 1967 1967 53557697 13749 53612278 141896 -54581 -128147 -182728 -128147 -54581 43780 218532 123192 -79412 1070 119 951 951 44025352 38217436 4639580 9602 9602 78667 78667 312621 301586 11035 287440 217945 69495 10990 8334 2656 63280 37141 26139 31919 26490 5429 22284 22284 101726 101726 221530 221530 266129 84000 182129 5459 5459 87388 87388 916368 916368 42404 42404 4361984 4361984 24002931 24002931 31417 31417 FOUNDATION HEALTH START U 3496039 3496039 LETTER OF CREDIT/REMARKET 1044390 1044390 LEASE EXPENSE 649489 649489 PROPERTY TAX 353659 353659 363393 277269 51102 35022 36761109 31778359 4832974 149776 12030351 402828 23179003 16181061 60672 248108 20000 371404 354757 403816 62926 514897742 268076906 252236421 246820836 144900401 153998701 44536182 65572524 10293492 9395775 488011742 493057516 4655276 1656352 16963 16781 140699736 134269660 9906715 8597557 155278690 144540350 X 330370998 346244683 2119802 2015483 242252 257000 332733052 348517166 488011742 493057516 7264243 4626459 3893412 X false true X true false X 765843 495020 651988 849304 1247748 4009903 765843 495020 651988 849304 1247748 4009903 4009903 4918376 6180648 5974594 4309613 4693210 26076441 28300 1575 1070 30945 30117289 209896636 0.13310 0.13200 X STATEMENT FOR PART IV, SCHEDULE A - CONCERNING FACTS AND CIRCUMSTANCES "TEST" COMPLIANCE FOR TAX YEARS 2017 AND 2016, THE HOSPITAL FOUNDATION IS SHY OF HITTING THE AUTOMATIC PUBLIC CHARITY STANDARD OF 33.33 PERCENT UNDER 509(A)(1)/170(B) (1)(A)(VI). IT ACHIEVED (IN ROUNDED NUMBERS) 13 AND 13 PERCENT FOR 2017 AND 2016, RESPECTIVELY. BOTH YEARS' MATHEMATICAL RESULTS REFLECT THE PRESENCE, OVER THEIR RESPECTIVE TEST PERIODS, OF A VARIETY OF FACTORS THAT MAKE IT DIFFICULT FOR THE HOSPITAL FOUNDATION TO ACHIEVE A 33.33 PERCENT OR GREATER RESULT AS NOTED BELOW. THEIR PRESENCE (AND THE PUBLIC SUPPORT TEST PERCENTAGES RESULTING THEREFROM), DOES NOT MEAN THAT THE HOSPITAL FOUNDATION HAS FAILED TO BE SUPPORTED BY THE PUBLIC NOR THAT IT FAILS TO BE RESPONSIVE TO THE NEEDS OF THE WIDER PUBLIC. WITH RESPECT TO MEETING THE "FACTS AND CIRCUMSTANCES TEST" OVERALL, THE HOSPITAL FOUNDATION ALWAYS HAS SOLICITED SUPPORT FROM A LARGE POOL OF INDIVIDUALS AND CORPORATE FUNDERS IN AND REPRESENTATIVE OF THE WIDER COMMUNITY. IT CONTINUALLY WORKS TO ESTABLISH RELATIONSHIPS WITH POTENTIAL NEW CORPORATE AND/OR COMMUNITY "PARTNERS", INCLUDING OTHER 501(C)(3) PUBLIC CHARITIES AND AGENCIES WHOSE WORK OR GOALS ARE IN AFFINITY WITH THOSE OF THE HOSPITAL FOUNDATION. WHILE THE BOARD OF TRUSTEES AND THE HOSPITAL FOUNDATION'S OFFICERS PURSUE AN AMBITIOUS AND DIVERSE STRATEGY OF MAXIMIZING RETURN ON INVESTMENT ASSETS, THEY ARE WELL AWARE THAT SUCCESSES IN THAT FIELD MUST BE LEVERAGED TO THE END OF SOLICITING MORE DONATIVE SUPPORT. INDEED, THE BOARD OF TRUSTEES IS WELL SUITED TO SUCH TASK, AS ITS MEMBERS ARE BROADLY REPRESENTATIVE OF THE GENERAL PUBLIC, AND ARE THEMSELVES PERSONS WITH EXPERTISE IN THE HOSPITAL FOUNDATION'S UNDERTAKINGS AND PURPOSES AS WELL AS CAPABLE AND RESPECTED COMMUNITY LEADERS. PERCENTAGE OF SUPPORT AS INDICATED ON PAGE 2 OF SCHEDULE A, THE PUBLIC PERCENTAGE SUPPORT IS IN EXCESS OF 13 PERCENT. THIS CALCULATION INCLUDES INVESTMENT INCOME FROM FUNDS SET ASIDE FOR FUTURE CONSTRUCTION COSTS AND TO SATISFY BOND COMPLIANCE REQUIREMENTS. THESE INVESTMENTS HAVE GROWN IN SIZE, PARTIALLY BECAUSE BUILDING AND EQUIPMENT NEEDS IN THE PAST WERE FUNDED WITH CONTRIBUTIONS AND GRANTS FROM THE GOVERNMENT AND GENERAL PUBLIC AS WELL AS PROCEEDS FROM THE ISSUANCE OF BONDS. THIS HAS ALLOWED INCOME GENERATED FROM OPERATIONS TO BE AVAILABLE FOR INVESTMENT. MONEY FROM OPERATIONS IS NOW USED TO FUND CONSTRUCTION AND EQUIPMENT. THE HOSPITAL FOUNDATION'S MEDICAL CAMPUS GREW INCREMENTALLY OVER THE LAST 40 YEARS AND A CONTINUAL EXPANSION IS EXPECTED. IN 2004, THE HOSPITAL FOUNDATION EMBARKED ON A SERIES OF MAJOR CONSTRUCTION PROJECTS ON AND AROUND THE HOSPITAL CAMPUS ESTIMATED BETWEEN 175 MILLION TO 200 MILLION. BECAUSE OF ITS STRONG CASH AND INVESTMENT POSITION, THE HOSPITAL FOUNDATION WAS ABLE TO TAKE ADVANTAGE OF AN OPPORTUNITY TO BORROW 120 MILLION THROUGH THE ISSUANCE OF TAX-EXEMPT REVENUE BONDS ISSUED BY ALASKA INDUSTRIAL DEVELOPMENT AND EXPORT AUTHORITY. IN 2009, THE FOUNDATION ISSUED ADDITIONAL BONDS TO ASSIST IN THE CONSTRUCTION OF THE HARRY AND SALLY PORTER HEART CENTER. THE PROCEEDS FROM THE BOND ISSUANCE AND THE HOSPITAL FOUNDATION'S INVESTMENTS HAVE BEEN USED TO FINANCE THESE PROJECTS. IN 2014, THE FOUNDATION BORROWED AN ADDITIONAL 55 MILLION THROUGH THE ISSUANCE OF TAX-EXEMPT REVENUE BONDS ISSUED BY ALASKA INDUSTRIAL DEVELOPMENT AND EXPORT AUTHORITY TO FUND THE CONSTRUCTION OF A NEW SURGERY CENTER. SOURCES OF SUPPORT INCLUDED IN CONTRIBUTIONS ARE MANY DONATIONS FROM THE GENERAL PUBLIC IN SUPPORT OF THE HOSPITAL FOUNDATION'S MEDICAL, LONG-TERM CARE, AND CANCER TREATMENT CENTER FACILITIES AND OPERATIONS. THE GREATER FAIRBANKS COMMUNITY HOSPITAL FOUNDATION OWNS THE ONLY CIVILIAN HOSPITAL IN THE FAIRBANKS NORTH STAR BOROUGH OF ALASKA AND SERVES PEOPLE THROUGHOUT THE FAIRBANKS NORTH STAR BOROUGH, AS WELL AS THE "BUSH AREAS" OF INTERIOR ALASKA. THE CLOSEST FACILITY OF THIS CALIBER IS IN THE ANCHORAGE AREA WHICH IS 360 MILES SOUTH OF FAIRBANKS. THE DONATIONS RECEIVED IN SUPPORT OF THE HOSPITAL FOUNDATION'S MEDICAL CAMPUS GENERALLY ARE FROM PEOPLE AND ORGANIZATIONS LOCATED IN INTERIOR ALASKA. DONATION DRIVES OCCUR REGULARLY TO FUND PARTICULARLY COSTLY ADDITIONS TO THE HOSPITAL FOUNDATION'S MEDICAL CAMPUS OR FOR EXPENSIVE EQUIPMENT, SUCH AS THE RECENT DRIVE TO FUND THE CONSTRUCTION OF THE SURGERY CENTER. THIS PROJECT WAS FUNDED FROM DONATIONS FROM INDIVIDUALS AND LOCAL BUSINESS ENTERPRISES AND FROM PROCEEDS FROM ISSUANCE OF BONDS. DONATIONS ARE ALSO RECEIVED ON AN ON-GOING BASIS FROM INDIVIDUALS AND BUSINESS ENTERPRISES WISHING TO SUPPORT THE HOSPITAL FOUNDATION'S MISSION. GOVERNING BOARD THERE ARE 32 VOLUNTEER MEMBERS OF THE BOARD OF TRUSTEES OF THE HOSPITAL FOUNDATION. TWENTY OF THE TRUSTEES ARE ELECTED AT ANNUAL MEETINGS BY THE MEMBERSHIP FOR STAGGERED THREE-YEAR TERMS. THE PRESIDENT APPOINTS TWO ADDITIONAL TRUSTEES TO ONE-YEAR TERMS, THE HOSPITAL MEDICAL STAFF ELECTS TWO ADDITIONAL TRUSTEES FOR THREE YEAR TERMS, AND THE HOSPITAL OPERATORS EMPLOYEES ELECT ONE ADDITIONAL TRUSTEE FOR A THREE YEAR TERM. A GENERAL MEMBERSHIP TRUSTEE WHO HAS SERVED AS A TRUSTEE FOR AT LEAST TWENTY-FIVE YEARS IS ELIGIBLE TO BECOME AN EMERITUS TRUSTEE. THE TRUSTEES MUST BE MEMBERS OF THE HOSPITAL FOUNDATION. MEMBERSHIP TO THE HOSPITAL FOUNDATION IS 25 PER YEAR OR 1,000 TO BE A LIFETIME MEMBER. ANY INDIVIDUAL INTERESTED IN FOSTERING THE PURPOSES OF THE HOSPITAL FOUNDATION IS ELIGIBLE FOR MEMBERSHIP. EACH MEMBER IN GOOD STANDING IS ELIGIBLE TO VOTE AT THE ANNUAL MEETING. AVAILABILITY OF PUBLIC FACILITIES OR SERVICES THE FACILITIES AND SERVICES OF THE HOSPITAL FOUNDATION'S MEDICAL CAMPUS AND ALL OF ITS RESOURCES ARE AVAILABLE TO ANY MEMBER OF THE GENERAL PUBLIC, REGARDLESS OF WHERE THEY LIVE. THIS INCLUDES CITIZENS OF THE FAIRBANKS NORTH STAR BOROUGH, INDIVIDUALS WHO LIVE IN RURAL ALASKA, AS WELL AS TOURISTS AND VISITORS TO OUR COMMUNITY. PUBLIC PARTICIPATION IN PROGRAMS OR POLICIES THE HOSPITAL FOUNDATION IS A VISIBLE MEMBER OF THE COMMUNITY AND OFFERS ITS MEDICAL FACILITIES FOR USE BY MEDICAL AND HEALTH PROFESSIONALS, AND THE GENERAL PUBLIC FOR INFORMATION AND EDUCATION CAMPAIGNS. THE HOSPITAL FOUNDATION QUALIFIES AS A CHARITABLE ORGANIZATION UNDER ORDINANCES ENACTED BY THE ELECTED OFFICIALS OF OUR LOCAL GOVERNMENT, THE FAIRBANKS NORTH STAR BOROUGH, AND IS THEREFORE EXEMPT FROM LOCAL PROPERTY TAXES. PART II, LINE 10 GAMING INCOME 30,945 PART II, LINE 17A STATEMENT FOR PART IV, SCHEDULE A - CONCERNING FACTS AND CIRCUMSTANCES "TEST" COMPLIANCE FOR TAX YEARS 2017 AND 2016, THE HOSPITAL FOUNDATION IS SHY OF HITTING THE AUTOMATIC PUBLIC CHARITY STANDARD OF 33.33 PERCENT UNDER 509(A)(1)/170(B) (1)(A)(VI). IT ACHIEVED (IN ROUNDED NUMBERS) 13 AND 13 PERCENT FOR 2017 AND 2016, RESPECTIVELY. BOTH YEARS' MATHEMATICAL RESULTS REFLECT THE PRESENCE, OVER THEIR RESPECTIVE TEST PERIODS, OF A VARIETY OF FACTORS THAT MAKE IT DIFFICULT FOR THE HOSPITAL FOUNDATION TO ACHIEVE A 33.33 PERCENT OR GREATER RESULT AS NOTED BELOW. THEIR PRESENCE (AND THE PUBLIC SUPPORT TEST PERCENTAGES RESULTING THEREFROM), DOES NOT MEAN THAT THE HOSPITAL FOUNDATION HAS FAILED TO BE SUPPORTED BY THE PUBLIC NOR THAT IT FAILS TO BE RESPONSIVE TO THE NEEDS OF THE WIDER PUBLIC. WITH RESPECT TO MEETING THE "FACTS AND CIRCUMSTANCES TEST" OVERALL, THE HOSPITAL FOUNDATION ALWAYS HAS SOLICITED SUPPORT FROM A LARGE POOL OF INDIVIDUALS AND CORPORATE FUNDERS IN AND REPRESENTATIVE OF THE WIDER COMMUNITY. IT CONTINUALLY WORKS TO ESTABLISH RELATIONSHIPS WITH POTENTIAL NEW CORPORATE AND/OR COMMUNITY "PARTNERS", INCLUDING OTHER 501(C)(3) PUBLIC CHARITIES AND AGENCIES WHOSE WORK OR GOALS ARE IN AFFINITY WITH THOSE OF THE HOSPITAL FOUNDATION. WHILE THE BOARD OF TRUSTEES AND THE HOSPITAL FOUNDATION'S OFFICERS PURSUE AN AMBITIOUS AND DIVERSE STRATEGY OF MAXIMIZING RETURN ON INVESTMENT ASSETS, THEY ARE WELL AWARE THAT SUCCESSES IN THAT FIELD MUST BE LEVERAGED TO THE END OF SOLICITING MORE DONATIVE SUPPORT. INDEED, THE BOARD OF TRUSTEES IS WELL SUITED TO SUCH TASK, AS ITS MEMBERS ARE BROADLY REPRESENTATIVE OF THE GENERAL PUBLIC, AND ARE THEMSELVES PERSONS WITH EXPERTISE IN THE HOSPITAL FOUNDATION'S UNDERTAKINGS AND PURPOSES AS WELL AS CAPABLE AND RESPECTED COMMUNITY LEADERS. PERCENTAGE OF SUPPORT AS INDICATED ON PAGE 2 OF SCHEDULE A, THE PUBLIC PERCENTAGE SUPPORT IS IN EXCESS OF 13 PERCENT. THIS CALCULATION INCLUDES INVESTMENT INCOME FROM FUNDS SET ASIDE FOR FUTURE CONSTRUCTION COSTS AND TO SATISFY BOND COMPLIANCE REQUIREMENTS. THESE INVESTMENTS HAVE GROWN IN SIZE, PARTIALLY BECAUSE BUILDING AND EQUIPMENT NEEDS IN THE PAST WERE FUNDED WITH CONTRIBUTIONS AND GRANTS FROM THE GOVERNMENT AND GENERAL PUBLIC AS WELL AS PROCEEDS FROM THE ISSUANCE OF BONDS. THIS HAS ALLOWED INCOME GENERATED FROM OPERATIONS TO BE AVAILABLE FOR INVESTMENT. MONEY FROM OPERATIONS IS NOW USED TO FUND CONSTRUCTION AND EQUIPMENT. THE HOSPITAL FOUNDATION'S MEDICAL CAMPUS GREW INCREMENTALLY OVER THE LAST 40 YEARS AND A CONTINUAL EXPANSION IS EXPECTED. IN 2004, THE HOSPITAL FOUNDATION EMBARKED ON A SERIES OF MAJOR CONSTRUCTION PROJECTS ON AND AROUND THE HOSPITAL CAMPUS ESTIMATED BETWEEN 175 MILLION TO 200 MILLION. BECAUSE OF ITS STRONG CASH AND INVESTMENT POSITION, THE HOSPITAL FOUNDATION WAS ABLE TO TAKE ADVANTAGE OF AN OPPORTUNITY TO BORROW 120 MILLION THROUGH THE ISSUANCE OF TAX-EXEMPT REVENUE BONDS ISSUED BY ALASKA INDUSTRIAL DEVELOPMENT AND EXPORT AUTHORITY. IN 2009, THE FOUNDATION ISSUED ADDITIONAL BONDS TO ASSIST IN THE CONSTRUCTION OF THE HARRY AND SALLY PORTER HEART CENTER. THE PROCEEDS FROM THE BOND ISSUANCE AND THE HOSPITAL FOUNDATION'S INVESTMENTS HAVE BEEN USED TO FINANCE THESE PROJECTS. IN 2014, THE FOUNDATION BORROWED AN ADDITIONAL 55 MILLION THROUGH THE ISSUANCE OF TAX-EXEMPT REVENUE BONDS ISSUED BY ALASKA INDUSTRIAL DEVELOPMENT AND EXPORT AUTHORITY TO FUND THE CONSTRUCTION OF A NEW SURGERY CENTER. SOURCES OF SUPPORT INCLUDED IN CONTRIBUTIONS ARE MANY DONATIONS FROM THE GENERAL PUBLIC IN SUPPORT OF THE HOSPITAL FOUNDATION'S MEDICAL, LONG-TERM CARE, AND CANCER TREATMENT CENTER FACILITIES AND OPERATIONS. THE GREATER FAIRBANKS COMMUNITY HOSPITAL FOUNDATION OWNS THE ONLY CIVILIAN HOSPITAL IN THE FAIRBANKS NORTH STAR BOROUGH OF ALASKA AND SERVES PEOPLE THROUGHOUT THE FAIRBANKS NORTH STAR BOROUGH, AS WELL AS THE "BUSH AREAS" OF INTERIOR ALASKA. THE CLOSEST FACILITY OF THIS CALIBER IS IN THE ANCHORAGE AREA WHICH IS 360 MILES SOUTH OF FAIRBANKS. THE DONATIONS RECEIVED IN SUPPORT OF THE HOSPITAL FOUNDATION'S MEDICAL CAMPUS GENERALLY ARE FROM PEOPLE AND ORGANIZATIONS LOCATED IN INTERIOR ALASKA. DONATION DRIVES OCCUR REGULARLY TO FUND PARTICULARLY COSTLY ADDITIONS TO THE HOSPITAL FOUNDATION'S MEDICAL CAMPUS OR FOR EXPENSIVE EQUIPMENT, SUCH AS THE RECENT DRIVE TO FUND THE CONSTRUCTION OF THE SURGERY CENTER. THIS PROJECT WAS FUNDED FROM DONATIONS FROM INDIVIDUALS AND LOCAL BUSINESS ENTERPRISES AND FROM PROCEEDS FROM ISSUANCE OF BONDS. DONATIONS ARE ALSO RECEIVED ON AN ON-GOING BASIS FROM INDIVIDUALS AND BUSINESS ENTERPRISES WISHING TO SUPPORT THE HOSPITAL FOUNDATION'S MISSION. GOVERNING BOARD THERE ARE 32 VOLUNTEER MEMBERS OF THE BOARD OF TRUSTEES OF THE HOSPITAL FOUNDATION. TWENTY OF THE TRUSTEES ARE ELECTED AT ANNUAL MEETINGS BY THE MEMBERSHIP FOR STAGGERED THREE-YEAR TERMS. THE PRESIDENT APPOINTS TWO ADDITIONAL TRUSTEES TO ONE-YEAR TERMS, THE HOSPITAL MEDICAL STAFF ELECTS TWO ADDITIONAL TRUSTEES FOR THREE YEAR TERMS, AND THE HOSPITAL OPERATORS EMPLOYEES ELECT ONE ADDITIONAL TRUSTEE FOR A THREE YEAR TERM. A GENERAL MEMBERSHIP TRUSTEE WHO HAS SERVED AS A TRUSTEE FOR AT LEAST TWENTY-FIVE YEARS IS ELIGIBLE TO BECOME AN EMERITUS TRUSTEE. THE TRUSTEES MUST BE MEMBERS OF THE HOSPITAL FOUNDATION. MEMBERSHIP TO THE HOSPITAL FOUNDATION IS 25 PER YEAR OR 1,000 TO BE A LIFETIME MEMBER. ANY INDIVIDUAL INTERESTED IN FOSTERING THE PURPOSES OF THE HOSPITAL FOUNDATION IS ELIGIBLE FOR MEMBERSHIP. EACH MEMBER IN GOOD STANDING IS ELIGIBLE TO VOTE AT THE ANNUAL MEETING. AVAILABILITY OF PUBLIC FACILITIES OR SERVICES THE FACILITIES AND SERVICES OF THE HOSPITAL FOUNDATION'S MEDICAL CAMPUS AND ALL OF ITS RESOURCES ARE AVAILABLE TO ANY MEMBER OF THE GENERAL PUBLIC, REGARDLESS OF WHERE THEY LIVE. THIS INCLUDES CITIZENS OF THE FAIRBANKS NORTH STAR BOROUGH, INDIVIDUALS WHO LIVE IN RURAL ALASKA, AS WELL AS TOURISTS AND VISITORS TO OUR COMMUNITY. PUBLIC PARTICIPATION IN PROGRAMS OR POLICIES THE HOSPITAL FOUNDATION IS A VISIBLE MEMBER OF THE COMMUNITY AND OFFERS ITS MEDICAL FACILITIES FOR USE BY MEDICAL AND HEALTH PROFESSIONALS, AND THE GENERAL PUBLIC FOR INFORMATION AND EDUCATION CAMPAIGNS. THE HOSPITAL FOUNDATION QUALIFIES AS A CHARITABLE ORGANIZATION UNDER ORDINANCES ENACTED BY THE ELECTED OFFICIALS OF OUR LOCAL GOVERNMENT, THE FAIRBANKS NORTH STAR BOROUGH, AND IS THEREFORE EXEMPT FROM LOCAL PROPERTY TAXES. 242252 14748 257000 232822 9430 242252 241809 -8987 232822 235131 6678 241809 217786 17345 235131 1.00000 true false 12952050 12952050 385357636 184509122 200848514 109559587 79761074 29798513 7028469 3806710 3221759 246820836 INVESTMENT IN FOUNDATION HEALTH LLC 65572524 C 65572524 INTEREST RATE SWAP DERIVATIVE 8597557 8597557 52668534 4626459 4016723 8643182 44025352 44025352 36884420 123311 123311 36761109 36761109 SCHEDULE D, PAGE 2, PART V, LINE 4 THE PRINCIPAL OF THE ENDOWMENT FUNDS IS PERMANENTLY RESTRICTED AND THE INCOME IS TO BE USED FOR OPERATIONS. SCHEDULE D, PAGE 4, PART XI, LINE 2D GAIN (LOSS) FROM CHANGE IN FAIR VALUE DERIVATIVE 1,309,158 GAIN ON ALASKA COMMUNITY FOUNDATION 14,748 EVENT EXPENSES DEDUCTED IN FORM 990 REVENUES 123,192 DIRECT GAMING EXPENSES DEDUCTED IN FORM 990 REVENUES 119 GAIN ON REVERSION OF TVC 2,569,506 SCHEDULE D, PAGE 4, PART XII, LINE 2D EVENT EXPENSES DEDUCTED IN FORM 990 REVENUES 123,192 DIRECT GAMING EXPENSES DEDUCTED IN FORM 990 REVENUES 119 FIDDLE FEST 140092 131362 8730 1898 2106 33500 57440 SURGERY WINE TA 83581 76381 7200 23581 1 37019 10789 26230 3267 260692 218532 42160 1898 2106 33500 84288 121792 -79632 AK true FOUNDATION HEALTH LLC 1650 COWLES STREET FAIRBANKS AK 99701 813021580 501C3 9602 COMMUNITY EDUCATION 1 STIPENDS 7 42000 PHYSICIAN SIGNING BONUS 2 36667 SCHEDULE I, PAGE 1, PART I, LINE 2 GRANT FUNDS ARE BASED ON REIMBURSEMENTS OF ACTUAL EXPENSES. AMOUNTS ARE PAID UPON RECEIPT OF INVOICES. SCHEDULE I, PAGE 4, PART IV PART II, LINE 1: ASSISTANCE PROVIDED TO FOUNDATION HEALTH, LLC IS REIMBURSEMENT FOR FAIRBANKS MEMORIAL HOSPITAL'S MANAGED OUTREACH PROGRAM. PART III, LINE 1: STIPENDS ARE OFFERED TO A LIMITED NUMBER OF MEDICAL STUDENTS TO ASSIST IN HOUSING COSTS. PART III, LINE 2: PHYSICIAN SIGNING BONUS IS TO PROMOTE PHYSICIAN RECRUITMENT. THESE WERE PAID IN PRIOR YEARS AND ARE EXPENDED AS EARNED. X X X false false false false false false false true false SHELLEY EBENAL ED/ GEN COUN 182926 50000 276 6221 36564 274487 SCHEDULE J, PAGE 1, PART I, LINE 7 DISCRETIONARY BONUSES OF 50,000 AND 5,000 WERE PAID TO EXECUTIVE DIRECTOR SHELLEY EBENAL AND CHIEF FINANCIAL OFFICER RUTH WENDLER, RESPECTIVELY, AS PART OF THE TRANSITION TO OPERATING THE LOCAL HOSPITAL THROUGH THE CAPITALIZATION OF THE CONTROLLED ENTITY FOUNDATION HEALTH, LLC. A AIDEA 926001185 011903DK4 2009-04-01 90088688 REFUND PRIOR ISSUE DATED 10/24/04 false false false B AIDEA 926001185 011903DL2 2009-11-05 29120762 REFUND PRIOR ISSUE DATED 10/24/04 AND CONSTRUCTION false false false C AIDEA 926001185 011903EX5 2014-04-03 54892789 FUND HOSPITAL PROJECTS false false false A 3165000 90088688 2858000 1239608 671925 85319155 2006 true false true true B 1360000 29120762 1244500 582415 50660 8593962 18649225 2010 true false true true C 1715000 54892789 4024325 866060 50002404 2016 false false true true A false false false false false false true B false false false false false false true C false false false false false false true A false false false true true true CITIGROUP 17.000000000000 false false true CITIGROUP 17.000000000000 true false false B false false false true true true CITIGROUP 17.000000000000 false false false false false C false true false false false false false false false A false B false C false SCHEDULE K - DATE REBATE COMPUTATION PERFORMED AIDEA 06/23/14 AIDEA 06/23/14 FORM 990 - ORGANIZATION'S MISSION THE GREATER FAIRBANKS COMMUNITY HOSPITAL FOUNDATION WAS ESTABLISHED TO ENSURE THAT WE NEVER AGAIN FACE THE PROSPECT OF A COMMUNITY WITHOUT HEALTH CARE BY: 1) PROVIDING OUTSTANDING MEDICAL FACILITIES AND TECHNOLOGY 2) OVERSEEING AN EXCELLENT OPERATOR 3) CREATING AN ENVIRONMENT THAT ATTRACTS QUALITY, CARING PHYSICIANS WHO WISH TO BE A PART OF THE COMMUNITY, AND 4) CREATING PARTNERSHIPS TO DELIVER QUALITY PATIENT CARE. FORM 990, PART V PART V, LINE 2A & PART VII, SECTION A THE FOUNDATION "EMPLOYEE" PAYROLL OCCURS THROUGH FOUNDATION HEALTH, LLC, A RELATED ORGANIZATION. THE FOUNDATION REIMBURSES FOUNDATION HEALTH ON A MONTHLY BASIS ITS PAYROLL COSTS RELATED TO THE INDIVIDUALS WHO PROVIDE SERVICES TO THE FOUNDATION. FOUNDATION HEALTH IS RESPONSIBLE FOR FILING ALL THE REQUIRED FEDERAL PAYROLL REPORTS AND ISSUES THE W-2'S TO THE EMPLOYEES. THEREFORE, PER PART V LINE 2A THE FOUNDATION REPORTS ZERO EMPLOYEES ON FORM W-3 EVEN THOUGH PART IX LINE 5, 7, 8, 9 AND 10 REPORT PAYROLL COSTS. FORM 990, PAGE 6, PART VI, LINE 6 THE FOUNDATION HAS FOUR CLASSES OF MEMBERS, AND MEMBERSHIP IS ON AN ANNUAL BASIS. THE DESIGNATION OF SUCH CLASSES AND THE QUALIFICATIONS OF THE MEMBERS OF SUCH CLASSES ARE AS FOLLOWS: A) GENERAL MEMBERSHIP. ANY INDIVIDUAL WHO IS A RESIDENT OF ALASKA AND WHO IS NOT A MEMBER OF THE CLASSES SET FORTH IN (B)-(C) IS ELIGIBLE FOR A GENERAL MEMBERSHIPS IN THE FOUNDATION. (B) FACILITY MEMBERSHIP. ANY INDIVIDUAL, WHO IS AN EMPLOYEE OF FOUNDATION HEALTH, AND OR ITS SUBSIDIARIES OR AFFILIATED COMPANIES, IS ELIGIBLE FOR A FACILITY MEMBERSHIP IN THE FOUNDATION. (C) MEDICAL STAFF MEMBERSHIP. ANY INDIVIDUAL WHO IS A CREDENTIALED MEMBER OR AFFILIATE OF THE MEDICAL STAFF OF THE FACILITIES OWNED BY THE FOUNDATION AND WHO IS NOT ELIGIBLE FOR A FACILITY MEMBERSHIP SHALL BE ELIGIBLE FOR A MEDICAL STAFF MEMBERSHIP IN THE FOUNDATION. (D) ASSOCIATED MEMBERSHIP. ANY PERSON NOT ELIGIBLE FOR MEMBERSHIP IN THE FOUNDATION UNDER (A)-(C) ABOVE IS ELIGIBLE FOR AN ASSOCIATE MEMBERSHIP IN THE FOUNDATION. ASSOCIATE MEMBERSHIP MEMBERS MAY INCLUDE CORPORATIONS, UNINCORPORATED ASSOCIATIONS, OR OTHER ENTITIES. ASSOCIATE MEMBERS DO NOT HAVE ANY RIGHTS OF GENERAL MEMBERSHIP. FORM 990, PAGE 6, PART VI, LINE 7A EACH CLASS MEMBER IN GOOD STANDING SHALL BE ENTITLED TO ONE VOTE ON EACH MATTER SUBMITTED TO A VOTE FOR THE CLASS, EXCEPT THAT ASSOCIATE MEMBERS HAVE NO VOTING RIGHTS OF ANY KIND WITH RESPECT TO THE FOUNDATION. AN ANNUAL MEETING OF THE MEMBERS SHALL BE HELD IN MAY OF EACH YEAR FOR THE PURPOSE OF THE ELECTION OF TRUSTEES OF THE FOUNDATION, THE REVIEW OF ANNUAL REPORTS, AND A DISCUSSION OF FOUNDATION BUSINESS AND ACTIVITES. THE AFFAIRS OF THE FOUNDATION SHALL BE MANAGED SOLELY BY ITS BOARD OF TRUSTEES. TRUSTEES MUST BE RESIDENTS OF THE STATE OF ALASKA. THE GENERAL MEMBERSHIP SHALL ELECT TWENTY TRUSTEES FROM THE CLASS OF GENERAL MEMBERS TO SERVE FOR THREE YEAR TERMS. ONE TRUSTEE SHALL BE ELECTED ON BEHALF OF THE FACILITY MEMBERSHIP. THE MEDICAL STAFF SHALL ELECT TWO TRUSTEES FROM THE MEDICAL STAFF. THE PRESIDENT SHALL APPOINT TWO INDIVIDUALS TO SERVE AS TRUSTEES FOR ONE YEAR TERMS. A GENERAL MEMBERSHIP TRUSTEE WHO HAS SERVED AS A TRUSTEE FOR AT LEAST TWENTY-FIVE YEARS SHALL BECOME AN EMERITUS TRUSTEE. AN EMERITUS TRUSTEE SHALL BE A LIFELONG TRUSTEE WITH ALL RIGHTS AND PRIVILEGES OF A GENERAL MEMBERSHIP TRUSTEE, INCLUDING BUT NOT LIMITED TO VOTING RIGHTS. FORM 990, PAGE 6, PART VI, LINE 11B A COPY OF THE FORM 990 IS SENT VIA EMAIL TO THE FINANCE COMMITTEE. FORM 990, PAGE 6, PART VI, LINE 12C EACH TRUSTEE AND MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS IS REQUIRED ON AN ANNUAL BASIS TO SIGN A STATEMENT WHICH AFFIRMS THAT SUCH PERSON: A) HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY; B) HAS READ AND UNDERSTANDS THE POLICY; C) HAS AGREED TO COMPLY WITH THE POLICY; D) HAS DISCLOSED ALL KNOWN ACTUAL AND POSSIBLE CONFLICTS OF INTEREST INVOLVING SUCH PERSON AND HIS/HER FAMILY; AND E) UNDERSTANDS THAT THE FOUNDATION IS A TAX-EXEMPT CHARITABLE ORGANIZATION AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. TO ENSURE THAT THE FOUNDATION OPERATES IN A MANNER CONSISTENT WITH ITS CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS, PERIODIC REVIEWS ARE REQUIRED TO BE CONDUCTED. FORM 990, PAGE 6, PART VI, LINE 15A THE EXECUTIVE COMMITTEE VOTED TO RETAIN THE EXECUTIVE DIRECTOR/GENERAL COUNSEL ON THE TERMS OF THE EMPLOYMENT AGREEMENT PROPOSED BY THE HIRING COMMITTEE IN 2007. FOUNDATION HEALTH PARTNER'S BOARD OF DIRECTORS' COMPENSATION COMMITTEE MONITORS SENIOR LEADERSHIP COMPENSATION. THE COMPENSATION IN 2017 WAS SET WITHIN THE PERMISSIBLE RANGES PER FOUNDATION HEALTH PARTNER'S HUMAN RESOURCES DEPARTMENT. THESE RANGES ARE ESTABLISHED AND REVIEWED ANNUALLY BY THE FOUNDATION HEALTH PARTNER'S HUMAN RESOURCES COMPENSATION AND BENEFITS TEAM. FINAL APPROVAL OF THE COMPENSATION IS MADE BY THE EXECUTIVE COMMITTEE. FORM 990, PAGE 6, PART VI, LINE 19 THE FINANCIAL STATEMENTS ARE AVAILABLE AT THE FOUNDATION'S ANNUAL MEETING. THE FINANCIAL STATEMENTS, ALONG WITH GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY, ARE ALSO AVAILABLE UPON REQUEST. THE FINANCIAL STATEMENTS CAN BE ACCESSED VIA THE WEBSITE FOR ELECTRONIC MUNICIPAL MARKET ACCESS HTTP://EMMA.MSRB.ORG. FORM 990, PART XI, LINE 9 GAIN FROM CHANGE IN FAIR VALUE DERIVATIVE 1,309,158 GAIN ON REVERSION OF TVC 2,569,506 GAIN ON ALSKA COMMUNITY FOUNDATION 14,748 TOTAL 3,893,412 FOUNDATION HEALTH LLC 1650 COWLES ST FAIRBANKS AK 99701 813021580 HEALTHCARE AK 501C3 3 GREATER FAIRBANKS COMM HOSPITAL FDN INC true true true false false false false false false false true false false false false true false false false false FOUNDATION HEALTH LLC A 36176972 CASH FOUNDATION HEALTH LLC B 65582126 CASH FOUNDATION HEALTH LLC J 36176972 CASH FOUNDATION HEALTH LLC O 702167 CASH