Edgerton Hospital Capital Foundation Inc

“The Executive Committee of the Board is a standing committee consisting of the President, Chair, Vice Chair, Secretary and Treasurer. The Executive Committee has all duties and responsibilities of the Board and is authorized to act on behalf of the Board between its regular or special meetings. Any action of the Executive Committee is binding upon the board and reported to the Board at its next meeting. The Committee will meet upon call of its Chair or a majority of its members.”

“Marc Augsburger and Ann Heiden have a business relationship.”

“Edgerton Hospital and Health Services, Inc. is sole member of the organization.”

“Edgerton Hospital and Health Services, Inc. may appoint, from nominees recommended by the Board of Directors, and remove the Directors of the Corporation.”

“Edgerton Hospital & Health Services, Inc., sole member, has the following exclusive powers after review of the recommendations of the Foundation Board: (a) Establish policies for fundraising, spending and investment by the Foundation; (b) Approve unbudgeted expenditures by the Foundation in excess of the corporate spending limit; (c) Accept contributions that impose a material obligation on the Foundation; (d) Select independent auditors, legal counsel and/or other major consultants for the Foundation; (e) Adopt and amend statements of mission, philosophy or purpose; (f) Amend the Foundation's Articles of Incorporation and Bylaws; (g) Appoint, from nominees recommended by the Foundation Board of Directors, and remove, with or without cause, the Directors of the Foundation as provided in Article III; and (h) Appoint, review and remove the President of the Foundation. The President of the Foundation occupies the position of CEO of Edgerton Hospital and Health Services, Inc. After being reviewed and adopted by the Foundation Board of Directors, the following matters must be submitted to the sole member for approval. These actions are not authorized unless approved by the sole member. (a) Capital and operating budgets of the Foundation; (b) Purchases, sales and leases of property by the Foundation in excess of the corporate spending limit; (c) Borrowing by the Foundation in a principal amount in excess of the corporate spending limit, or for a stated term in excess of one year or which is secured by a mortgage of real property; (d) Any major change in the programs and services rendered by the Foundation, including any creation of new or discontinuation of existing programs and services; and (e) Any resolution regarding dissolution, merger or consolidation of the Foundation or the sale, lease, mortgage or transfer of the Foundation's real property, or of all or substantially all of the Foundation's assets.”

“The Form 990 is provided to the governing body before it is filed. The return is reviewed by the Accounting Manager and the CFO of Edgerton Hospital and Health Services, a related organization.”

“Board members and officers of the Board are required to sign a conflict of interest policy annually. The Board Chair and CEO review the potential conflicts of Board members. Board members with conflicts are restricted from voting on such matters.”

“The Organization's top management official is compensated by Edgerton Hospital & Health Services, Inc., a related organization. Edgerton Hospital and Health Services uses these methods to determine compensation for that individual. The Foundation Director's compensation is determined by an annual evaluation conducted through the Hospital's CEO. The process is documented in the Foundation Director's personnel file.”

“The governing documents, conflict of interest policy, and financial statements are available upon written request.”