St Anne Home Workers' Compensation Trust

“The sole member of the corporation is felician services, inc., an illinois not-for-profit corporation. The sole member has reserved powers.”

“Felician services, inc., the sole member, may appoint, elect, or remove, with or without cause, or determine the number of directors of the corporation.”

“The sole member shall have the sole authority to initiate and approve the following actions: (a) to adopt, alter, amend, or repeal the articles of incorporaton or the bylaws of the corporation; (b) to adopt or revise the statements of philosopy, mission, or purpose of the corporation; (c) to merge, consolidate, dissolve, or otherwise change the corporate structure of the corporation; (d) to authorize the sale, lease, exchange, or other disposition of all or substantially all of the assets of the corporation; (e) to authorize the corporation to incur any indebtedness (other than trade obligations incurred in the regular course of busines), guarantee any indebtedness of another entity, or allow any property of the corporation to secure any indebtedness; (f) to approve the purchase, transfer, sale, long-term lease, or encumbrance of any real property owned by the corporation; (g) to approve the creation of, or the purchase of an equity interest in, any legal entity, or to approve entering into any partnership or joint venture (regardless of its legal form), other than passive investments by the corporation; (h) to approve an annual operating budget, and any capital budget, of the corporation; (i) to approve any unbudgeted operating or capital expenditures in excess of $100,000; (j) to appoint, elect, remove, with or without cause, or determine the number of directors of the corporation; (k) to appoint and remove, with or without cause, the chairperson of the board; (l) to appoint, elect, or remove, with or without cause, the officers of the corporation; (m) to approve the selection of the independent auditors of the corporation; (n) to assure that all actions of the corporaton are consistent with the purposes of the congregation of the sisters of st. Felix of cantalice; (o) to carry out periodic evaluations of the corporation and to otherwise monitor the accomplishment of the goals and the adherence to the philosopy of the corporaton; (p) to approve the long-term and strategic plans of the corporation; and (q) to approve any acts of extraordinary administration under the canon law of the roman catholic church.”

“The president and ceo and the director of accounting services performed a detailed review of the form 990. Each member of the board of directors was presented with an electronic or a paper copy of the form 990 before it is filed with the internal revenue service.”

“Each director, principal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person has received a copy of the conflicts of interest policy, has read and understands the policy, has agreed to comply with the policy, has completed the st. Anne home conflict of interest statement, and understands that st. Anne home is charitable and 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 the organization operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews shall be conducted. The periodic reviews shall, at a minimum, include a review of a summary of all the completed annual conflict of interest statements made by all board members. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. An interested person may make a presentation at the governing board or committee meeting, but after the presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. The chairperson of the governing board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the governing board or committee shall determine whether the organization can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the governing board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the organization's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination it shall make its decision as to whether to enter into the transaction or arrangement. If the governing board or committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. If, after hearing the member's response and after making further investigation as warranted by the circumstances, the governing board or committee determines the member has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action.”

“A range is established for each position based on comparable data, and compensation is increased based on either pre-determined amounts based on a performance review, and/or a market adjustment based on updated comparable data. This process is undertaken annually at the end of each calendar year.”

“St. Anne home financial statements are provided to dun & bradstreet annually. The governing documents and conflict of interst policy are available to the public upon request.”