2018-08-14T15:39:11-05:00 2017-09-30 KPMG LLP One Financial Plaza Hartford CT 061032608 990 2016-10-01 050259093 South County Hospital Healthcare System Endowment % MARCIA POLHEMUS SOUT 4017828000 100 KENYON AVENUE WAKEFIELD RI 028794299 THOMAS J BREEN CFO 4017881974 2018-01-16 true MARY-EVELYN ANTONETTI P00431862 8605223200 2018-01-18 2016 2022-09-23 18:48:47Z THOMAS J BREEN 100 KENYON AVENUE WAKEFIELD RI 028794299 4241543 false X N/A X 1989 RI PLANNING, MANAGEMENT & FUNDRAISING FOR SOUTH COUNTY HEALTHCARE HOSPITAL SYSTEM. 19 18 0 17 0 0 2612615 2916252 0 0 282860 350220 32968 46443 2928443 3312915 0 0 0 0 571251 611866 0 0 0 363611 461482 934862 1073348 1993581 2239567 29609840 31113383 539726 304561 29070114 30808822 PLANNING, FUNDRAISING AND MANAGEMENT ACTIVITIES TO SUPPORT THE MISSION OF SOUTH COUNTY HOSPITAL AND THE VNS HOMECARE, INC. false false 585280 DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2017, SOUTH COUNTY HOSPITAL HEALTHCARE SYSTEM ENDOWMENT PROVIDING PLANNING, MANAGEMENT, AND FUNDRAISING ACTIVITIES FOR SOUTH COUNTY HOSPITAL AND VNS HOMECARE, INC. BY PROVIDING THESE SERVICES, THE HOSPITAL AND VNS HOMECARE, INC. WERE ABLE TO FOCUS THEIR ACTIVITIES MORE TOWARD PROVIDING HIGH-QUALITY MEDICAL SERVICES TO PERSONS IN SOUTHERN RHODE ISLAND. THE HEALTHCARE SYSTEM ENDOWMENT WAS INSTRUMENTAL IN HELPING RECRUIT NEW PHYSICIANS TO WORK FOR SOUTH COUNTY HOSPITAL, RAISE ADDITIONAL CHARITABLE DONATIONS FOR THE HOSPITAL SYSTEM, AND TO PROMOTE THE HOSPITAL SYSTEM TO THE COMMUNITY. 26184 DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2017, SOUTH COUNTY HOSPITAL HEALTHCARE SYSTEM ENDOWMENT CONTINUED ITS CAPITAL CAMPAIGN TO RAISE MONEY FOR A CANCER CENTER. THE SYSTEM RECOGNIZED THIS AS A NEED FOR THE COMMUNITY AND THE GOAL IS FOR THE CAPITAL CAMPAIGN TO ALLOW THE SYSTEM TO BUILD A CANCER CENTER WITHOUT USING ITS OPERATING CASH AND INVESTMENTS. AS OF SEPTEMBER 30, 2017, THE SOUTH COUNTY HOSPITAL HEALTHCARE SYSTEM ENDOWMENT HAS RAISED APPROXIMATELY $6,398,672 OF ITS $6,500,000 GOAL. 611464 true true false false false false false false false true true true false false true true false true false false false false false false true false false false false true false false false true false false false false true false false false false true true true false false true 15 0 true 0 false false false false false true true false false false false X 19 18 false false false false false false false true true false false true true true true true true true false false RI X MARCIA POLHEMUS 4017828000 100 KENYON AVENUE WAKEFIELD RI 02879 EVE KEENAN RN EDD CHAIRPERSON 1.0 2.0 X X 0 0 0 DENNIS LYNCH VICE CHAIRPERSON 1.0 2.0 X X 0 0 0 M BEVERLY SWAN PHD SECRETARY 1.0 2.0 X X 0 0 0 JAMES FARRELL TREASURER 1.0 2.0 X X 0 0 0 WILLIAM SABINA MD PRES OF MED STAFF THRU 10/16 1.0 11.0 X 0 55000 0 AARON WEISBORD MD PRES OF MED STAFF BEGIN 10/16 1.0 41.0 X 0 410217 27776 SALVATORE ABBRUZZESE JR DO VP OF MED STAFF BEGIN 10/16 1.0 41.0 X 0 240855 28485 TED ALMON TRUSTEE 1.0 2.0 X 0 0 0 ROBERT BEAGLE TRUSTEE 1.0 2.0 X 0 0 0 STEPHANIE CHAFEE RN MBA TRUSTEE 1.0 2.0 X X 0 0 0 EDWARD CIMILLUCA TRUSTEE THRU 4/2017 1.0 2.0 X 0 0 0 RICHARD DEL SESTO MD TRUSTEE 1.0 2.0 X 0 4800 0 ELEANOR C FERGUSON TRUSTEE 1.0 2.0 X 0 0 0 JOHN H HOWLAND TRUSTEE 1.0 2.0 X 0 0 0 JASON MARSHALL CHAIRPERSON 1.0 2.0 X X 0 0 0 ROBERT PANOFF TRUSTEE 1.0 2.0 X 0 0 0 DAVID ROWE MD TRUSTEE 1.0 2.0 X 0 0 0 AUSTIN C SMITH TRUSTEE 1.0 2.0 X 0 0 0 DONNA D VANDERBECK TRUSTEE 1.0 2.0 X 0 0 0 BETTY RAMBUR PHD TRUSTEE BEGIN 4/2017 1.0 2.0 X 0 0 0 VICTORIA A WICKS TRUSTEE BEGIN 4/2017 1.0 2.0 X 0 0 0 LOUIS R GIANCOLA PRESIDENT AND CEO 1.0 41.0 X 0 391780 25829 THOMAS J BREEN CHIEF FINANCIAL OFFICER 1.0 41.0 X 0 385684 25839 LISA RAMEAKA FORMER DIRECTOR 0.0 40.0 X 0 319732 29158 KATHLEEN CASSIN MD FORMER TRUSTEE/PHYSICIAN 0.0 40.0 X 0 213025 17524 0 2021093 154611 0 true true false NONE 0 438809 2477443 21832 2916252 0 840816 840816 0 0 0 0 0 252455 743051 -490596 -490596 -490596 131349 438809 133736 -2387 -2387 0 0 0 100671 51841 48830 48830 0 3312915 396663 0 0 0 0 0 0 538361 286170 252191 0 73505 62942 10563 0 0 10000 10000 31177 31177 0 0 125820 125820 23753 23753 5000 5000 79604 78456 1148 0 0 0 238 238 0 12733 12733 0 0 2373 2373 30985 30985 DEBT FORGIVENESS 92968 92968 CULTIVATION EVENTS 25971 25971 CREDIT CARD FEES 8332 8332 BANK SERVICE CHARGE 5645 5645 6883 6883 1073348 611464 461884 0 197106 81965 53643 173084 1590929 611457 0 0 43090 0 0 0 0 0 0 0 0 0 562546 552761 12158 9785 11107526 12464926 16552760 17772166 0 0 0 0 52628 0 29609840 31113383 6000 -32 0 0 0 0 0 0 0 0 0 0 0 0 0 0 533726 304593 539726 304561 X 18937958 21284969 3102648 1860242 7029508 7663611 29070114 30808822 29609840 31113383 X 2239567 2555693 -3056552 X X false true X true false X 2055452 4180062 4810042 2612615 3047601 16705772 0 0 2055452 4180062 4810042 2612615 3047601 16705772 991628 15714144 526266 338147 557531 282860 840816 2545620 0 7211 203379 6935 4998 48830 271353 19522745 0.80492 0.82400 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 26091622 85454 2891164 67868 29000372 24740903 1359465 1000 7746 26091622 26008203 -1093929 3000 170371 24740903 25138954 895 1157972 4000 285618 26008203 24231221 9415 1503578 605260 25138954 0.72810 0.26430 0.00760 true false 562546 552761 9785 9785 ENDOWMENT POOLED INVESTMENTS 8651634 F ASSETS HELD IN TRUST 7864517 F DONOR RESTRICTED FUNDS 1256015 F 17772166 0 GIFT ANNUITY 208137 DUE TO AFFILIATES 96456 304593 X 2963244 2555693 260157 2815850 147394 125820 3039701 3165521 3312915 1224536 277008 277008 947528 125820 125820 1073348 PART V, LINE 4 THE ORGANIZATION'S ENDOWMENT FUNDS ARE USED TO SUPPORT THE SOUTH COUNTY HOSPITAL HEALTHCARE SYSTEM AND ARE TO FUND CAPITAL EXPENDITURES. PART X, LINE 2 THE FOOTNOTE BELOW IS INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS OF SOUTH COUNTY HOSPITAL HEALTHCARE SYSTEM ENDOWMENT. THE NOT-FOR-PROFIT ENTITIES (SOUTH COUNTY HEALTHCARE SYSTEM ENDOWMENT, SOUTH COUNTY HOSPITAL AND SOUTH COUNTY HOME HEALTH) OPERATE AS DESCRIBED IN SECTION 501(C)(3) 0F THE INTERNAL REVENUE CODE (CODE) AND ARE EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. THE TAX PROVISIONS AND RELATED LIABILITIES FOR SILVER SPRING HEALTH CARE MANAGEMENT WHICH IS A TAXABLE ENTITY WHICH IS CONTROLLED BY THE HOSPITAL ARE NOT SIGNIFICANT. THE HOSPITAL RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. RECOGNIZED INCOME TAX POSITIONS ARE MEASURED AT THE LARGEST AMOUNT OF BENEFIT THAT IS GREATER THAN FIFTY PERCENT LIKELY TO BE REALIZED UPON SETTLEMENT. CHANGES IN RECOGNITION IN MEASUREMENT ARE REFLECTED IN THE PERIOD IN WHICH THE CHANGE IN JUDGMENT OCCURS. THE HOSPITAL DID NOT RECOGNIZE THE EFFECT OF ANY INCOME TAX POSITIONS IN EITHER 2017 OR 2016. PART XI, LINE 2D - OTHER ADJUSTMENTS UNREALIZED CHANGE IN EQUITY INTERESTS IN LP 74,580 FUNDRAISING EXPENSES 133,736 COST OF GOODS SOLD 51,841 ---------- TOTAL TO SCHEDULE D, PART XI, LINE 2D 260,157 PART XI, LINE 4B - OTHER ADJUSTMENTS TRANSFER FROM TRNA FOR CAPITAL EXPENDITURES 3,039,701 PART XII, LINE 2D - OTHER ADJUSTMENTS FUNDRAISING EXPENSES 133,736 NET ASSETS RELEASED FROM RESTRICTION FOR CAPITAL EXPENDITURES 91,431 COST OF GOODS SOLD 51,841 -------- TOTAL TO SCHEDULE D, PART XII, LINE 2D 277,008 2017 GALA 366073 280206 85867 37226 48642 2017 INVITATION 122407 88153 34254 3209 30000 1045 2 81678 70451 11227 11235 2379 570158 438810 131348 3209 78461 52066 133736 -2388 false false false false false false false false false AARON WEISBORD MD PRES OF MED STAFF BEGIN 10/16 208088 202129 0 9625 0 18151 0 437993 0 0 SALVATORE ABBRUZZESE JR DO VP OF MED STAFF BEGIN 10/16 227530 13325 10912 17573 269340 LOUIS R GIANCOLA PRESIDENT AND CEO 389520 2260 0 9625 0 16204 0 417609 0 0 THOMAS J BREEN CHIEF FINANCIAL OFFICER 385684 0 9625 0 16214 0 411523 0 0 LISA RAMEAKA FORMER DIRECTOR 314732 5000 0 10010 0 19148 0 348890 0 0 KATHLEEN CASSIN MD FORMER TRUSTEE/PHYSICIAN 168824 44201 0 9277 0 8247 0 230549 0 0 PART I, LINE 3 THE COMPENSATION OF THE CEO IS DETERMINED BY SOUTH COUNTY HOSPITAL HEALTHCARE SYSTEM WHICH USES THE FORM 990 OF OTHER ORGANIZATIONS, A COMPENSATION SURVEY OR STUDY AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE TO DETERMINE COMPENSATION. LISA RAMEAKA PHYSICIAN MIDWIFE PRACTICE PUR X 56118 45070 true true true 45070 X 13 21832 FAIR MARKET VALUE false true false PART I, COLUMN (B) THE AMOUNT REPORTED IN PART I, COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART I, LINE 5, PART VII & PART IX, LINES 7 & 9 THE SOUTH COUNTY HOSPITAL HEALTHCARE SYSTEM ENDOWMENT DOES NOT HAVE ANY EMPLOYEES. THEY SHARE EMPLOYEES WITH SOUTH COUNTY HOSPITAL. THE SALARIES AND EMPLOYEE BENEFITS REPORTED IN PART VII & PART IX ARE REIMBURSED BY THE ENDOWMENT TO SOUTH COUNTY HOSPITAL. FORM 990, PART VI, SECTION B, LINE 11 THE SOUTH COUNTY HEALTH ("SCH") HAS POLICIES AND PROCEDURES ADOPTED BY ALL ENTITIES IN THE SYSTEM. THE FORM 990 IS PROVIDED TO THE ORGANIZATION'S AUDIT COMMITTEE APPROXIMATELY 30 DAYS PRIOR TO THE FILING DEADLINE. THE AUDIT COMMITIEE THEN REVIEWS THE FORM 990 AND PROVIDES QUESTIONS AND COMMENTS TO THE ORGANIZATION'S ACCOUNTING DEPARTMENT. BEFORE IT IS FILED, A COPY 0F THE FINAL FORM 990, INCLUDING REQUIRED SCHEDULES, IS PROVIDED TO THE MEMBERS OF THE BOARD OF TRUSTEES FOR REVIEW AND DISCUSSION WITH THE CHAIRMAN OF THE AUDIT COMMITIEE AT A BOARD MEETING PRIOR TO THE FILING DEADLINE. FORM 990, PART VI, SECTION B, LINE 12C SCH HAS POLICIES AND PROCEDURES ADOPTED BY ALL ENTITIES IN THE SYSTEM. MEMBERS OF THE GOVERNING BODY, OFFICERS, AND KEY EMPLOYEES ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST STATEMENT ANNUALLY. IT IS PERIODICALLY REVIEWED AND DISCUSSED AT BOARD MEETINGS. IF A POTENTIAL CONFLICT IS IDENTIFIED, THE BOARD WOULD DISCUSS THE ITEM TO DETERMINE IF A CONFLICT EXISTS. IF A CONFLICT EXISTS, THE INDIVIDUAL WOULD RECUSE THEMSELVES FROM THE DISCUSSIONS. ALL DISCUSSIONS ARE CONTEMPORANEOUSLY DOCUMENTED. FORM 990, PART VI, SECTION B, LINE 15A SCH HAS POLICIES AND PROCEDURES ADOPTED BY ALL ENTITIES IN THE SYSTEM. THE BOARD OF TRUSTEES HAS THE ULTIMATE RESPONSIBILITY TO ENSURE THAT COMPENSATION OF THE EXECUTIVE LEADERSHIP OF SCH REFLECTS THE NORMS ESTABLISHED IN THE INDUSTRY, REWARDS AND REINFORCES THE VALUES AND LONG-RANGE GOALS OF THE SYSTEM, AND UPHOLDS THE BOARD'S RESPONSIBILITY TO THE COMMUNITY IT STEWARDS OF THE COMMUNITY'S ASSETS. ON AN ANNUAL BASIS, THE EXECUTIVE COMMITTEE PERFORMS A COMPENSATION REVIEW FOR THE CEO. THE VICE PRESIDENT OF HUMAN RESOURCES DOES A MARKET ANALYSIS OF DATA OF CEO POSITIONS IN COMPARABLE HOSPITALS INCLUDING THE USE OF FORM 990 OF OTHER ORGANIZATIONS AND COMPENSATION SURVEYS. THE EXECUTIVE COMMITTEE REVIEWS THE PACKET OF MATERIALS INCLUDING THE MARKET REVIEW OF COMPENSATION, A REVIEW OF CEO GOALS ATTAINMENT AND OTHER MATERIALS RELEVANT TO HIS OR HER PERFORMANCE. THE CEO PROVIDES THE EXECUTIVE COMMITTEE SUGGESTED COMPENSATION FOR THE CMO, CNO AND CFO. THE EXECUTIVE COMMITTEE APPROVES ALL COMPENSATION DECISIONS AND CONTEMPORANEOUSLY DOCUMENTS THE DISCUSSION. 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 UNREALIZED CHANGE IN EQUITY INTERESTS IN LIMITED PARTNERSHIPS 74,580 TRANSFER FROM TRNA FOR CAPITAL EXPENDITURES (3,309,701) NET ASSETS RELEASED FROM RESTRICTION FOR CAPITAL EXPENDITURES (91,431) ----------- TOTAL TO FORM 990, PART XI, LINE 9 (3,056,552) FORM 990, PART XII, LINE 2C FINANCIAL STATEMENTS AND REPORTING THE ORGANIZATIONS AUDIT COMMITTEE IS RESPONSIBLE FOR SELECTING AN INDEPENDENT ACCOUNTANT TO AUDIT THE ORGANIZATIONS FINANCIAL STATEMENTS AND FOR OVERSEEING THE AUDIT OF THE ORGANIZATIONS FINANCIAL STATEMENTS. SOUTH COUNTY HOSPITAL HEALTHCARE SYSTEM 100 KENYON AVENUE WAKEFIELD RI 02879 050445136 HOSPITAL RI 501(C)(3) 3 SCH ENDOWMNT true SOUTH COUNTY HOME HEALTH 14 WOODRUFF AVENUE WAKEFIELD RI 02879 056033975 HEALTHCARE RI 501(C)(3) 10 SC HOSPITAL true SILVER SPRING HEALTH CARE MANAGEMENT 100 KENYON AVENUE WAKEFIELD RI 02879 050459095 HOLDING COMPANY RI SCH HEALTHCARE C CORP -7474 196617 1.00000 true SOUTH COUNTY QUALITY CARE 100 KENYON AVENUE WAKEFIELD RI 02879 050491313 PERSONAL CARE RI SSHC MANAGEMENT C CORP 56198 43483 1.00000 true SSHM SURGICAL SUPPLY INC 100 KENYON AVENUE WAKEFIELD RI 02879 050478937 MEDICAL EQUIPMENT RI SSHC MANAGEMENT C CORP -65062 1048918 1.00000 true CHARITABLE REMAINDER TRUSTS (3) N/A false true false false false false false false false false false true false true true true false false false SOUTH COUNTY HOSPITAL HEALTHCARE SYSTEM B 3351042 FMV SOUTH COUNTY HOME HEALTH B 50000 FMV SOUTH COUNTY HOSPITAL HEALTHCARE SYSTEM O 818134 FMV