EDWARD HEALTH VENTURES: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- EDWARD HEALTH VENTURES (EIN 58-1672987)
- Tax period
- 2009-07-01 to 2010-06-30
- Filed
- 2011-05-11
- IRS object ID
- 201101319349302550
- Schema version
- 2009v1.7
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-05-11T14:35:15-05:00 | Timestamp |
| Tax Period End Date | 2010-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ERNST & YOUNG US LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 111 MONUMENT CIRCLE SUITE 2600 | AddressLine1 |
| City | INDIANAPOLIS | City |
| State | IN | State |
| ZIP Code | 46204 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 581672987 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EDWARD HEALTH VENTURES | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | EDWA | NameControl |
| Phone | 6305273000 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 801 S WASHINGTON STREET | AddressLine1 |
| City | NAPERVILLE | City |
| State | IL | State |
| ZIP Code | 60540 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Vince Pryor | Name |
| Title | SR VP Finance/CFO | Title |
| Date Signed | 2011-05-11 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3176817000 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | WILLIAM KOTTMAN PRESIDENT | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 801 SOUTH WASHINGTON STREET | AddressLine1 |
| City | NAPERVILLE | City |
| State | IL | State |
| ZIP Code | 60540 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 52597545 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.EDWARD.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1986 | YearFormation |
| State Legal Domicile | IL | StateLegalDomicile |
| Activity Or Mission Description | The mission of Edward Health Ventures is to support and encourage healthcare and related services. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 7 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 3 | NbrIndependentVotingMembers |
| Total Nbr Employees | 339 | TotalNbrEmployees |
| Total Nbr Volunteers | 4 | TotalNbrVolunteers |
| Total Gross UBI | 629289 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 357055 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 725 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 38979614 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 52343924 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 267883 | InvestmentIncomePriorYear |
| Investment Income Current Year | 253621 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 39248222 | TotalRevenuePriorYear |
| Total Revenue Current Year | 52597545 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 22897507 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 27166996 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 23349264 | OtherExpensePriorYear |
| Other Expenses Current Year | 27254117 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 46246771 | TotalExpensesPriorYear |
| Total Expenses Current Year | 54421113 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -6998549 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -1823568 | RevenuesLessExpensesCY |
| Total Assets BOY | 112566699 | TotalAssetsBOY |
| Total Assets EOY | 125564958 | TotalAssetsEOY |
| Total Liabilities BOY | 36151717 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 32728168 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 76414982 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 92836790 | NetAssetsOrFundBalancesEOY |
| Mission Description | To support health and strengthen communities by providing outstanding health care services. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 36460689 | Expense |
| Revenue | 36082037 | Revenue |
| Description | EDWARD HEALTH VENTURES OFFERS PHYSICIAN SERVICES IN PRIMARY CARE, MEDICAL ONCLOLOGY, SURGERY, GASTORENTEROLOGY, NEUROSCIENCE, AND CHILD AND ADULT PSYCHIATRY. EDWARD MEDICAL GROUP IS COMPRISED OF 15 PHYSICIAN PRACTICES IN THE WESTERN SUBURBS OF CHICAGO, INCLUDING NAPERVILLE, BOLINGBROOK, PLAINFIELD, LISLE, OSWEGO, SANDWICH AND YORKVILLE. DURING THE FISCAL YEAR ENDED JUNE 30, 2010 EDWARD MEDICAL GROUP HAD 124,000 PATIENT OFFICE VISITS. LINDEN OAKS MEDICAL GROUP WITH SPECIALISTS IN CHiLD AND ADULT PSYCHIATRY IS COMPRISED OF 5 PHYSICIAN PRACTICE LOCATIONS INCLUDING NAPERVILLE, WOODRIDGE, PLAINFIELD, ST. CHARLES AND YORKVILLE. DURING FISCAL YEAR 2010, LINDEN OAKS MEDICAL GROUP HAD 40,000 VISITS. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 9365553 | Expense |
| Revenue | 10330146 | Revenue |
| Description | EDWARD HEALTH VENTURES PROVIDES ACCESS TO MEDICAL SERVICES AT CONVENIENT LOCATIONS BY OPERATING MEDICAL OFFICE BUILDINGS IN NAPERVILLE, PLAINFIELD, BOLINGBROOK AND OSWEGO/ IT HAS APPROXIMATELY 30 MEDICAL OFFICE TENANTS INCLUDING A NUMBER OF EDWARD HOSPITAL PROGRAMS. THE EXPANSION OF THE EDWARD PLAINFIELD CAMPUS INCLUDES OFFERING PHYSICIAN AND OTHER RELATED HEALTH CARE SERVICES INCLUDING MEDICAL ONCOLOGY FROM EDWARD CANCER CENTER, EDWARD PERINATOLOGY CENTER, EDWARD HOSPITAL PHYSICAL THERAPISTS AND BEHAVIORAL HEALTH PROFESSIONALS FROM LINDEN OAKS MEDICAL GROUP AND INDEPENDENT SPECIALISTS, INCLUDING PEDIATRICIANS, CARDIOLOGISTS, OBSTETRICIANS, GYNECOLOGISTS, ALLERGISTS, OPTHALOMOLOGISTS, AND PRIMARY CARE PHYSICIANS. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 4740003 | Expense |
| Revenue | 5302452 | Revenue |
| Description | EDWARD HEALTH VENTURES INVESTS IN OUTPATIENT CLINICS AND SURGERY CENTERS, INCLUDING THE PLAINFIELD SURGERY CENTER. THIS NUMBER ALSO REPRESENTS AN AGGREGATION OF NORMAL BUSINESS OPERATING EXPENSES. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 50566244 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | false | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | false | TermOrPermanentEndowments |
| Balance Sheet Amounts Reported | true | BalanceSheetAmountsReported |
| Independent Audit Financial Stmt | false | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | true | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | false | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | true | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 91 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 339 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | true | UnrelatedBusinessIncome |
| Form990-T Filed | true | Form990-TFiled |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Nbr Voting Governing Body Members | 7 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 3 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | true | MembersOrStockholders |
| Election Of Board Members | true | ElectionOfBoardMembers |
| Decisions Subject To Approval | true | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | true | InvestmentInJointVenture |
| Written Policy Or Procedure | false | WrittenPolicyOrProcedure |
| States Where Copy Of Return Is Filed | IL | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | VINCE PRYOR | NamePerson |
| Telephone Number | 6305273035 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 801 S WASHINGTON | AddressLine1 |
| City | NAPERVILLE | City |
| State | IL | State |
| ZIP Code | 60540 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (23 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| Pam Davis | |||||||
| Trustee | 1.0 | X | 0 | 1600377 | 41259 | ||
| Joe Beatty | |||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||
| Dick Endress | |||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||
| Bill Kottman | |||||||
| President | 40.0 | X | 358066 | 0 | 37763 | X | |
| George Gulas | |||||||
| Trustee | 1.0 | X | 0 | 128893 | 7433 | ||
| Deb Lellbach | |||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||
| Patti Ludwig-Beymer | |||||||
| Trustee | 1.0 | X | 0 | 188021 | 12785 | ||
| Tim Rivelli | |||||||
| Trustee | 1.0 | X | 0 | 0 | 0 | ||
| Hoda El-Asmar MD | |||||||
| Vice President | 1.0 | 0 | 351727 | 28020 | X | ||
| Nanette Bufalino | |||||||
| Vice President | 1.0 | 0 | 382379 | 31757 | X | ||
| Brian Davis | |||||||
| Vice President | 1.0 | 0 | 233689 | 33087 | X | ||
| Annette Kenney | |||||||
| Vice President | 1.0 | 0 | 249539 | 33407 | X | ||
| Mary Lou Mastro | |||||||
| Vice President | 1.0 | 0 | 360672 | 29924 | X | ||
| John Mordach | |||||||
| Vice President | 1.0 | 0 | 559031 | 29593 | X | ||
| Maggie Shontz | |||||||
| Vice President | 1.0 | 0 | 367384 | 24021 | X | ||
| Dennise Vaughn | |||||||
| Vice President | 1.0 | 0 | 245465 | 23403 | X | ||
| Barb Ebling | |||||||
| Vice President | 40.0 | 157492 | 0 | 28191 | X | ||
| Vince Pryor | |||||||
| Sr. VP Finance, CFO | 1.0 | 0 | 0 | 0 | X | ||
| Timothy Tyrrell | |||||||
| Physician | 40.0 | 365740 | 0 | 31519 | X | ||
| Barry Rabin | |||||||
| Physician | 40.0 | 430321 | 0 | 24992 | X | ||
| Alexander Hantel | |||||||
| Physician | 40.0 | 448260 | 0 | 31679 | X | ||
| David Faulk | |||||||
| Physician | 40.0 | 350094 | 0 | 25780 | X | ||
| Eric Janota | |||||||
| Physician | 40.0 | 326196 | 0 | 31120 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 2436169 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 4667177 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 505733 | TotalOtherCompensation |
| Number Individuals GT100 K | 68 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| POWER CONSTRUCTION CO LLC | |||||
| 2360 PALMER DRIVE | SCHAUMBURG | IL | 60173 | CONSTRUCTION | 9258009 |
| NORTHWESTERN MEDICAL FACILITY FOUND | |||||
| 676 N ST CLAIR SUITE 2210 | CHICAGO | IL | 60611 | MEDICAL | 2800000 |
| COSGROVE CONSTRUCTION INC | |||||
| 20654 AMHERST CT | JOLIET | IL | 60433 | CONSTRUCTION | 523367 |
| QUEST DIAGNOSTICS | |||||
| PO BOX 12989 | CHICAGO | IL | 60693 | MEDICAL | 440365 |
| JERICHO SERVICES | |||||
| 637 CLEAVLAND DR | BOLINGBROOK | IL | 60440 | CLEANING | 252192 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 9 | NumberOfContractorsGT100K |
| Total Contributions | 0 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| Patient Service Revenue | 621990 | 26720594 | 26720594 | |
| Medical Building Revenue | 900099 | 10554953 | 10330146 | 224807 |
| Management Fee | 561439 | 1729008 | 1729008 | |
| Behvorial Care Mgmt Revenue | 900099 | 1653315 | 1653315 | |
| Investment in Health Care Ventures | 900099 | 5706934 | 5302452 | 404482 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 5979120 | TotalRevenueColumn |
| Related Or Exempt Function Income | 5979120 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 52343924 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 253621 | TotalRevenueColumn |
| Exclusion | $253,621 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 0 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 52597545 | TotalRevenueColumn |
| Related Or Exempt Function Income | 51714635 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 629289 | UnrelatedBusinessRevenue |
| Exclusion | $253,621 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 382549 | Total |
| Program Services | 326697 | ProgramServices |
| Management And General | 55852 | ManagementAndGeneral |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 22633826 | Total |
| Program Services | 21999187 | ProgramServices |
| Management And General | 634639 | ManagementAndGeneral |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 917915 | Total |
| Program Services | 890378 | ProgramServices |
| Management And General | 27537 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1966402 | Total |
| Program Services | 1907410 | ProgramServices |
| Management And General | 58992 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1266304 | Total |
| Program Services | 1228315 | ProgramServices |
| Management And General | 37989 | ManagementAndGeneral |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10138 | Total |
| Management And General | 10138 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10384 | Total |
| Management And General | 10384 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1526 | Total |
| Management And General | 1526 | ManagementAndGeneral |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9488956 | Total |
| Program Services | 8919617 | ProgramServices |
| Management And General | 569339 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 18723 | Total |
| Program Services | 18723 | ProgramServices |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1163554 | Total |
| Program Services | 1128647 | ProgramServices |
| Management And General | 34907 | ManagementAndGeneral |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 100033 | Total |
| Program Services | 97032 | ProgramServices |
| Management And General | 3001 | ManagementAndGeneral |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5483401 | Total |
| Program Services | 4726692 | ProgramServices |
| Management And General | 756709 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 33216 | Total |
| Program Services | 6643 | ProgramServices |
| Management And General | 26573 | ManagementAndGeneral |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1853087 | Total |
| Program Services | 1593655 | ProgramServices |
| Management And General | 259432 | ManagementAndGeneral |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5536876 | Total |
| Program Services | 4761713 | ProgramServices |
| Management And General | 775163 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1051170 | Total |
| Program Services | 904006 | ProgramServices |
| Management And General | 147164 | ManagementAndGeneral |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| REAL ESTATE TAX | 1172380 | 1008247 | 164133 |
| PROVISION FOR BAD DEBT | 834753 | 834753 | |
| REPAIIRS AND MAINTNENANCE | 244810 | 203192 | 41618 |
| DUES AND SUBSCRIPTIONS | 55157 | 11337 | 43820 |
| All other expenses | 195953 | 195953 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 54421113 | Total |
| Program Services | 50566244 | ProgramServices |
| Management And General | 3854869 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1912 | BOY |
| EOY | 2312 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -3151571 | BOY |
| EOY | 645160 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2491858 | BOY |
| EOY | 2487265 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3718889 | BOY |
| EOY | 0 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 381744 | BOY |
| EOY | 917249 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 119529446 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 28884569 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 93544272 | BOY |
| EOY | 90644877 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 9647682 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11048739 | BOY |
| EOY | 13979772 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4204357 | BOY |
| EOY | 3733311 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 326499 | BOY |
| EOY | 3507330 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 112566699 | BOY |
| EOY | 125564958 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8762865 | BOY |
| EOY | 5901082 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 27388852 | BOY |
| EOY | 26827086 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 36151717 | BOY |
| EOY | 32728168 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 76414982 | BOY |
| EOY | 92836790 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 76414982 | BOY |
| EOY | 92836790 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 112566699 | BOY |
| EOY | 125564958 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | X | SupportingOrganization509a3 |
| Supporting Org509a3 Type2 | X | SupportingOrg509a3Type2 |
| Certification Checkbox | X | CertificationCheckbox |
| Contrib By Controlling Individual | false | ContribByControllingIndividual |
| Contribution By Related Party | false | ContributionByRelatedParty |
| Contrib By35 Controlled Entity | false | ContribBy35ControlledEntity |
Supported Org Information SupportedOrgInformation (3 entries)
| EINEIN | Type Of OrganizationTypeOfOrganization | Listed In Governing DocListedInGoverningDoc | Supported Organization NotifiedSupportedOrganizationNotified | Organized In USOrganizedInUS | AmountAmount |
|---|---|---|---|---|---|
| EDWARD HOSPITAL | |||||
| 363297173 | 03 | true | true | true | $43,055,052 |
| NAPERVILLE PSYCHIATRIC VENTURES DBA LINDEN OAKS HOSPITAL | |||||
| 363965251 | 03 | true | true | true | $6,507,501 |
| EDWARD HEALTH AND FITNESS CENTER | |||||
| 363555528 | 09 | true | true | true | $1,003,691 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Number Of Supported Orgs | 3 | TotalNumberOfSupportedOrgs |
| Sum Of Amounts | 50566244 | SumOfAmounts |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 30226766 | OtherCostOrOtherBasis |
| Book Value | 30226766 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 85001750 | OtherCostOrOtherBasis |
| Depreciation | 26175697 | Depreciation |
| Book Value | 58826053 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Leasehold Improvements | LeaseholdImprovements |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 4100845 | OtherCostOrOtherBasis |
| Depreciation | 2708872 | Depreciation |
| Book Value | 1391973 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 200085 | OtherCostOrOtherBasis |
| Book Value | 200085 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 90644877 | TotalOfBookValueLandBuildings |
Investments Program Related InvestmentsProgramRelated (7 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| INV IN LINDEN OAKS | 5686189 | F |
| INV IN PHYS OFFICE CTR LP | 2888991 | F |
| INV IN NORTHERN IL SURGERY CTR | 3114715 | F |
| INV IN PLAINFIELD SURGERY CTR | 448088 | F |
| INV IN IVF JOINT VENTURE | 540076 | F |
| INV IN DUPAGE MED GRP SURGERY | 1205714 | F |
| MEMBERSHIP INTEREST - NHCA | 96000 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Program Related | 13979773 | TotalOfBookValueProgramRelated |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (4 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| RENTAL DEPOSITS | $1,500 |
| RENT RECEIVED IN ADVANCE | $3,625 |
| PROFESSIONAL LIABILITY | $646,174 |
| DUE TO AFFILIATES | $26,175,787 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 26827086 | TotalOfAmounts |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Severance Payment | true | SeverancePayment |
| Supplemental Nonqual Retire Plan | true | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | true | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | true | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (17 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Pam Davis | |||||||||||||
| 0 | 714187 | 0 | 178577 | 0 | 707613 | 0 | 8575 | 0 | 32684 | 0 | 1641636 | 0 | 0 |
| Bill Kottman | |||||||||||||
| 251100 | 0 | 42944 | 0 | 64022 | 0 | 8575 | 0 | 29188 | 0 | 395829 | 0 | 0 | 0 |
| Patti Ludwig-Beymer | |||||||||||||
| 0 | 162708 | 0 | 18521 | 0 | 6792 | 0 | 6055 | 0 | 6730 | 0 | 200806 | 0 | 0 |
| Hoda El-Asmar MD | |||||||||||||
| 0 | 289627 | 0 | 49867 | 0 | 12233 | 0 | 8575 | 0 | 19445 | 0 | 379747 | 0 | |
| Nanette Bufalino | |||||||||||||
| 0 | 269744 | 0 | 45537 | 0 | 67098 | 0 | 8575 | 0 | 23182 | 0 | 414136 | 0 | |
| Brian Davis | |||||||||||||
| 0 | 183221 | 0 | 32187 | 0 | 18281 | 0 | 6934 | 0 | 26153 | 0 | 266776 | 0 | 0 |
| Annette Kenney | |||||||||||||
| 0 | 203873 | 0 | 35875 | 0 | 9791 | 0 | 7794 | 0 | 25613 | 0 | 282946 | 0 | 0 |
| Mary Lou Mastro | |||||||||||||
| 0 | 236293 | 0 | 40576 | 0 | 83803 | 0 | 8575 | 0 | 21349 | 0 | 390596 | 0 | 0 |
| John Mordach | |||||||||||||
| 0 | 327875 | 0 | 86329 | 0 | 144827 | 0 | 8575 | 0 | 21018 | 0 | 588624 | 0 | 0 |
| Maggie Shontz | |||||||||||||
| 0 | 172567 | 0 | 41744 | 0 | 153073 | 0 | 7597 | 0 | 16424 | 0 | 391405 | 0 | 0 |
| Dennise Vaughn | |||||||||||||
| 0 | 187839 | 0 | 32698 | 0 | 24928 | 0 | 7321 | 0 | 16082 | 0 | 268868 | 0 | 0 |
| Barb Ebling | |||||||||||||
| 139341 | 0 | 17476 | 0 | 675 | 0 | 5043 | 0 | 23148 | 0 | 185683 | 0 | 0 | 0 |
| Timothy Tyrrell | |||||||||||||
| 320311 | 0 | 36158 | 0 | 9271 | 0 | 8575 | 0 | 22944 | 0 | 397259 | 0 | 0 | 0 |
| Barry Rabin | |||||||||||||
| 228731 | 0 | 70006 | 0 | 131584 | 0 | 5945 | 0 | 19047 | 0 | 455313 | 0 | 0 | 0 |
| Alexander Hantel | |||||||||||||
| 380964 | 0 | 0 | 0 | 67296 | 0 | 8575 | 0 | 23104 | 0 | 479939 | 0 | 0 | 0 |
| David Faulk | |||||||||||||
| 331962 | 0 | 12128 | 0 | 6004 | 0 | 8575 | 0 | 17205 | 0 | 375874 | 0 | 0 | 0 |
| Eric Janota | |||||||||||||
| 283498 | 0 | 12128 | 0 | 30570 | 0 | 8875 | 0 | 22245 | 0 | 357316 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Supplemental Compensation Information | Identifier |
| Return Reference | Reimbursement or provision of benefits | ReturnReference |
| Explanation | Schedule J, Part I, Line 1A All EHSC employees are offered a membership at the Edward Health & Fitness Center, an affiliate of EHSC, as a taxable employee benefit. The Edward Health Ventures President is also provided this benefit for their spouse and children, also as a taxable benefit. The value of this benefit is determined based upon the fair market value of these memberships, which is in turn determined based upon the actual amount that the Edward Health & Fitness Center charges to other corporate customers. Supplemental Compensation Information Schedule J, Part I, Line 3 Executive Compensation, including the President and all officers ("Senior Management"), is managed by the Edward Health Services Corporation Executive Committee ("Committee"), on behalf of EHSC and all of its affiliates, including Edward Health Ventures. On an annual basis, the Committee reviews compensation arrangements, including the compensation award for the Edward Health Ventures President for the coming year. The Committee conducts the review in a manner that will qualify for the rebuttable presumption of reasonableness under the Intermediate Sanction Rules of Section 4958 of the Internal Revenue Code. Edward Health Ventures does not have an "Executive Director" position. Supplemental Compensation Information - SEverance Payments Schedule J, Part I, Line 4A The individuals listed were part of a reduction in force that occurred during fiscal year 2010, but they were contractually entitled to severance payments at their rate of pay at the time of termination for a period of up to 12 months post discharge (6 months guaranteed, and an additional 6 months at full compensation if no alternate employment was procured or to be offset against employment which compensated the individual at less than their rate of pay at Edward); individuals who received severance were subject to a non-compete within a certain geographic radius around the organization. Maggie Shontz received a severance payment of $165,141. Supplemental Compensation Information - SERP Schedule J, Part I, Line 4B Individuals who have the title of Vice President or higher are eligible to participate in a Supplemental Executive Retirement Plan (SERP); any eligible participants must be approved by the EHSC Executive Committee. The SERP was established to recognize the valuable contributions that each of the participants makes to the operations of EHSC and to reward certain executive employees for their long-term service and commitment to EHSC. The SERP is designed to provide a full retirement supplement to participants if they remain with EHSC until age 62. In exchange for this long-term service, EHSC wants to supplement these participants' retirement income with additional annual compensation that is invested in an annuity contract; contributions are immediately vested. The following officers received payments from a supplemental executive retirement plan Marie A. Bufalino $45,241 Brian P. Davis $11,164 Pamela M. Davis $608,814 William G. Kottman $24,911 Mary L. Mastro $68,332 John P. Mordach $84,197 Maggie Shontz $39,557 Marianne Spencer $45,431 Dennise Vaughn $10,627 Compensation Contingent of Net Earnings Schedule J, Part I, Questions 6A & B The Edward Health Ventures President, officers and key employees participate in an incentive compensation plan, which rewards participants when EHSC, on a consolidated basis, achieves certain income from operations thresholds. There are additional components of the incentive plan contingent on the achievement of certain levels of patient satisfaction and quality measures. These two additional components of the incentive plan (patient satisfaction and quality measures) each account for 25% of the incentive, with the net earnings component accounting for the other 50% of the incentive pool. The plans are reviewed and approved by the EHSC Executive Committee each year. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Supplemental Information | Form 990, Part VI, Question 6 | Description of Classes of Members or Stockholders Edward Health Ventures' sole corporate member is Edward Health Services Corporation, an Illinois not for profit and 501(c)(3) tax exempt corporation. Form 990, Part VI, Question 7a Description of Classes of Persons and the Nature of Their Rights Edward Health Ventures' sole corporate member, Edward Health Services Corporation, may elect remove and replace Members of the Board of Trustees of Edward Health Ventures. Form 990, Part VI, Question 7b Descr Classes of Persons, Decisions Requiring Appr & Type of Voting Rights The Board of Trustees of Edward Health Ventures' sole corporate member, Edward Health Services Corporation ("EHSC"), has the following exclusive powers over Edward Health Ventures ("EHV"): -Elect, remove, and replace, Trustees on the Board of EHV. -Approve amendments to the Articles of Incorporation proposed by the EHV Board of Trustees. -Approve a plan of dissolution or liquidation of EHV or a plan of merger or consolidation of EHV with another corporation. In addition, the EHV Board of Trustees may not take any of the actions listed below, without obtaining the prior approval of EHSC: -Adopt, or permit the adoption of, any annual or long-term capital or operational budget of EHV or of any affiliate or subsidiary of EHV; -Adopt, or permit the adoption of, any variance from any annual or long-term capital or operational budget of EHV or of any affiliate or subsidiary of EHV or of any affiliate or subsidiary of EHV previously approved by EHSC which would result in the expenditure of funds exceeding in the aggregate during the relevant term of any such budget the greater of ten percent (10%) of the total budgeted operating expenses or such dollar limit as EHSC may establish by resolution at the time it approves such budget; -Authorize or permit EHV or any affiliate or subsidiary of EHV to enter into any contract which is not provided for in an annual or long-term capital or operational budget approved by EHSC where the amount involved exceeds in the aggregate One Hundred Thousand Dollars ($100,000) or such other dollar limit as the EHSC may establish by resolution at the time it approves such budget; -Adopt, or permit the adoption of, any new, or any substantive changes to the strategic plans of EHV or of any affiliate or subsidiary of EHV; -Adopt, or permit the adoption of, any new, or any substantive changes to the marketing plans of EHV or of any affiliate or subsidiary of EHV. -Authorize EHV or any affiliate or subsidiary of EHV to enter into any transaction providing for or requiring a certificate of need which is not provided for in an annual capital or operational budget approved by EHV; -Organize or acquire, or authorize or permit the organization or acquisition of, any affiliate or subsidiary of EHV; -Approve, or permit the approval of, any long-term borrowing of money for capital needs by EHV or by any affiliate or subsidiary of EHV; and -Approve, or permit the approval of, any contributions, grants or loans to entities other than EHSC. Form 990, Part VI, Question 11 DESCRIBE THE PROCESS USED BY MANAGEMENT &/OR GOVERNING BODY TO REVIEW 990 A DRAFT OF THE FULL FORM 990 HAS been PROVIDED TO THE EDWARD HEALTH SERVICES CORPORATION AUDIT COMMITTEE, AND WAS REVIEWED WITH THE ASSITANCE OF ERNST & YOUNG, EHSC INDEPENDENT AUDITORS. FOLLOWING REVIEW BY THE AUDIT COMMITTEE, AND PRIOR TO FILING, A FINAL DRAFT OF THE FORM 990 WAS THEN PROVIDED TO THE FULL EDWARD FOUNDATION BOARD OF DIRECTORS, AND KEY COMPONENTS OF THE FORM 990 WERE ALSO REVIEWED. Form 990, Part VI, Question 12c Description of Process to Monitor Transactions for Conflicts of Interest Edward Health Services Corporation, on behalf of itself and all affiliates including Edward Health Ventures, monitors and enforces compliance with its conflict of interest policy through annual reporting, and ongoing education. Each year, EHSC conducts an annual conflict of interest review. This process involves requiring all Trustees, officers, key employees, contracted physicians and physicians in leadership roles, and management level employees to complete an electronic conflict of interest questionnaire. The data are reported back to the Chief Compliance & Privacy Officer, who assesses the reported conflicts to determine whether they require any follow-up action, including divestiture of any business interest or possible termination of any business relationship. The Chief Compliance & Privacy Officer ensures that all required individuals submit a completed questionnaire, and if no report is completed, the matter is reported to the EHSC Board of Trustees. The EHSC Board of Trustees is also provided a summary report of all actual or potential conflicts of interest, so that they are aware of these relationships as the business of the Board is being conducted. In cases where an actual or potential conflict is identified, the conflicted individual is educated about how they should raise this issue if they are ever in a position where their conflict may be implicated. Conflicted individuals must recuse themselves from voting, but, at the discretion of the Board, may be permitted to participate in discussion about matters in which they have an actual or apparent conflict. In addition to this annual reporting, all individuals noted above are advised that, pursuant to the conflicts policy, they are required to report to the Chief Compliance & Privacy Officer any actual or potential conflicts of interest as they may arise throughout the course of the year. |
| Form 990, Part VI, Questions 15a and 15b | Offices & Positions for Which Process was Used, & Year Process was Begun | Executive compensation, including the CEO and all officers ("Senior Management"), is managed by the EHSC Executive Committee ("Committee"), on behalf of EHSC and all of its affiliates, including Edward Health Ventures. On an annual basis, the Committee reviews compensation arrangements, including the compensation award for the EHV President/CEO for the coming year. The Committee conducts the review in a manner that will qualify for the rebuttable presumption of reasonableness under the intermediate sanction rules of Section 4958 of the Internal Revenue Code. To that end: -The CEO and all other members of Senior Management may participate in this review process and be present at meetings of the Committee only if and to the extent necessary to answer questions and provide other information the Committee needs for its analysis, assessment and deliberations, and they must otherwise recuse themselves from Committee meetings during Committee debate and voting on compensation arrangements. -The Committee confirms prior to commencement of the annual review that no other member of the Committee has a conflict of interest with regard to the compensation matters addressed in the review. Any member identified as having a conflict shall participate in the process only to the same extent as members of Senior Management. -The Committee conducts the review with the assistance of an experienced and independent compensation firm, who shall summarize its analysis and findings in writing to the Executive Committee. -The Committee obtains and relies upon current, comparable market compensation data for appropriate peer organizations for each compensation component prior to making its determination. Relevant information will include compensation levels paid by similarly situated organizations, both taxable and tax-exempt, for functionally comparable positions; the availability of similar services in the geographic area served by EHSC; current compensation surveys compiled by an independent firm; and actual written offers from similar organizations competing for the services of the members of Senior Management. -The Executive Committee also adequately and promptly documents its decision. The documentation states the intention to qualify for the rebuttable presumption of reasonableness; the specific terms of the compensation arrangement that were approved; the approval date; the names of the individuals present and those who voted; the specific comparability data obtained and relied upon; and an explanation as to why the approved amounts are considered reasonable if the terms of the compensation arrangement differ from the comparability data. It also reflects the steps taken by the Committee to confirm the absence of conflicts on the part of any Committee member and to meet the foregoing requirements concerning the nature and extent of participation of any conflicted Committee member or members of Senior Management. In addition, the Executive Committee periodically reviews the executive compensation plan, including the philosophy, for (a) compliance with applicable laws and regulations, and (b) alignment with EHSC's mission, charitable purposes, goals and strategies. Based on the review, the Committee develops and recommends to the full Board for its approval changes in one or more components of the plan or the plan philosophy that the Committee considers necessary and appropriate relative to one or both of these criteria. Other individuals who are officers of Edward Health Ventures (i.e., those who hold the position of Vice President of only Edward Health Ventures) are compensated with a competitive base salary, along with an incentive plan, which is reflective of Edward's market, as determined by a review of independently gathered market compensation survey data. -At the time of hire, the salary determination is made by giving consideration to experience pertinent to the role for which the individual is to be hired. Also considered are niche skills or experience this officer brings to the organization. Supply and demand will also play a role in determining the hire in rate of pay. Based on these factors, EHSC Human Resources Department, which supports EHSC and all of its affiliates, including Edward Health Ventures, will assign the officer to an appropriate pay grade, and a rate of pay will be offered within that pay grade. -On an annual basis, EHSC Human Resources works with an independent third party compensation consultant (Sullivan Cotter) to conduct a thorough market review of all positions which are not considered Senior Management. Using a variety of sources, our salary ranges are compared to the current market. Pay grade assignments, and individual rates of pay, may change based on the results of this annual market review. In addition, annual merit increases may be awarded based on Edward's budget for the year. Part VI, Section B, 16b Joint Venture arrangements Currently, it is the policy of EHSC and Edward Health Ventures that participation of any EHSC affiliate, including Edward Health Ventures, in a joint venture requires review by the EHSC Finance Committee (regardless of the dollar amount of the investment) and approval by the EHSC Board of Trustees. Regardless of the percentage ownership that any EHSC entity may have in the joint venture, the venture's governing documents must include the following provisions related to the entity: (1) It is to be operated in a manner consistent with Edward's charitable mission, (2) There is a commitment to provide free or uncompensated care, treat Medicaid and Medicare patients and maintain health care and education programs for the benefit of the community, (3) The activities of should result in significant community benefits such as (a) the creation of a new provider of healthcare services, (b) the expansion of community healthcare resources, (c) the improvement in treatment modality, (d) the reduction in healthcare costs, or (e) the improvement in patient convenience and access to physicians, and (4) Healthcare services must be provided in a non-discriminatory manner. The EHSC Board of Trustees, for itself and all of its affiliates, is in the process of reviewing and approving a joint venture policy that will more formally set forth the practices described above, to continue to ensure that Edward will pursue only those joint ventures which further its charitable mission and strengthen Edward financially, ensuring that quality health care will continue to be available to the communities that Edward serves. Form 990, Part VI, Question 19 Avail of Gov Docs, Conflict of Interest Policy, & Fin Stmts to Gen Public Currently, the organization's governing documents, conflict of interest policy and audited financial statements are available upon request. If a request is received for this information, it is forwarded on to either the Legal Department or the Finance Department, and the materials would then be provided to the requestor. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII (5 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus | Direct Controlling Entity NADirectControllingEntityNA | Business Name Line1DirectControllingEntityName/BusinessNameLine1 |
|---|---|---|---|---|---|---|---|---|---|---|
| EDWARD HEALTH SERVICES CORPORATION | ||||||||||
| 801 S WASHINGTON STREET | NAPERVILLE | IL | 60540 | 363513954 | PARENT | IL | 501(c)(3) | 11 TYPE II | N/A | |
| EDWARD HOSPITAL | ||||||||||
| 801 S WASHINGTON STREET | NAPERVILLE | IL | 60540 | 363297173 | HOSPITAL | IL | 501(c)(3) | 3 | EHSC | |
| EDWARD FOUNDATION | ||||||||||
| 801 S WASHINGTON STREET | NAPERVILLE | IL | 60540 | 363723705 | FUNDRAISING | IL | 501(c)(3) | 7 | EHSC | |
| EDWARD HEALTH AND FITNESS CENTER | ||||||||||
| 801 S WASHINGTON STREET | NAPERVILLE | IL | 60540 | 363555528 | HEALTH CARE | IL | 501(c)(3) | 9 | N/A | |
| NAPERVILLE PSYCHIATRIC VENTURES | ||||||||||
| 801 S WASHINGTON STREET | NAPERVILLE | IL | 60540 | 363965251 | HOSPITAL | IL | 501(c)(3) | 3 | N/A | |
Form990 Schedule R Part III Form990ScheduleRPartIII (4 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivityPrimaryActivity | Legal Domicile StateLegalDomicileState | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Predominant Income TypePredominantIncomeType | Share Of Total IncomeShareOfTotalIncome | Share Of EOY AssetsShareOfEOYAssets | Disproportionate AllocationsDisproportionateAllocations | General Or Managing PartnerGeneralOrManagingPartner |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EDWARD PHYSICIAN OFFICE CENTER | ||||||||||||
| 801 SOUTH WASHINGTON STREET | NAPERVILLE | IL | 60540 | 363524485 | HEALTH CARE | IL | NA | RELATED | 719208 | 5410605 | false | false |
| EDWARD CARDIAC DIAGNOSTICS LLC | ||||||||||||
| 801 S WASHINGTON ST | NAPERVILLE | IL | 60540 | 743246349 | NUCLEAR SERVICES | IL | NA | RELATED | -39465 | 0 | false | false |
| EDWARD CARDIOVASCULAR INSTITUTE | ||||||||||||
| 801 S WASHINGTON ST | NAPERVILLE | IL | 60540 | 363864123 | HEALTH CARE | IL | NA | RELATED | 1183834 | 0 | false | false |
| THE CENTER FOR SURGERY LP | ||||||||||||
| 801 S WASHINGTON ST | NAPERVILLE | IL | 60540 | HEALTH CARE | IL | NA | RELATED | 548161 | 4992112 | false | false | |
Form990 Schedule R Part IV Form990ScheduleRPartIV (3 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivityPrimaryActivity | Legal Domicile StateLegalDomicileState | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Type Of EntityTypeOfEntity | Share Of Total IncomeShareOfTotalIncome | Share Of EOY AssetsShareOfEOYAssets | Percentage OwnershipPercentageOwnership | Address Line1AddressForeign/AddressLine1 | CityAddressForeign/City | Province Or StateAddressForeign/ProvinceOrState | CountryAddressForeign/Country | Legal Domicile Foreign CountryLegalDomicileForeignCountry |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EDWARD MANAGEMENT CORPORATION | ||||||||||||||||
| 801 SOUTH WASHINGTON STREET | NAPERVILLE | IL | 60540 | 363833311 | MANAGEMENT CORP | IL | NA | C corp | 2084555 | 2159716 | 1.00000 | |||||
| NAPERVILLE HELATH CARE ASSOC LTD | ||||||||||||||||
| 801 S WASHINGTON STREET | NAPERVILLE | IL | 60540 | 363651180 | HEALTH CARE | IL | NA | c corp | ||||||||
| EHSC CAYMAN SEGREGATED PORTFOLIO | ||||||||||||||||
| 000000000 | INSURANCE | NA | C CORP | FIRST CARRIBEN HSE 3RD FL | 10 MAIN ST | GEORGE TOWN | CJ | CJ | ||||||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | true | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | false | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | false | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | false | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | true | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | false | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | true | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | true | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | false | SharingOfFacilities |
| Sharing Of Paid Employees | false | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | false | OtherTransferToOtherOrg |
| Other Transfer From Other Org | true | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (9 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved |
|---|---|
| Naperville Psychiatric Ventures | |
| a(iv) | 96278 |
| Edward Health & Fitness Center | |
| k | 800004 |
| Edward Physician Office Center | |
| k | 50004 |
| Edward Management Corporation | |
| l | 1372434 |
| Edward Physician Office Center | |
| a(i) | 253620 |
| Edward Hospital | |
| k | 4322671 |
| Edward Hospital | |
| a(iv) | 7079156 |
| Edward Physician Office Center | |
| k | 107004 |
| Edward Management Corporation | |
| a(iv) | 87204 |