Ucm Network Development Foundation

“Pursuant to the organization's governing documents, the sole corporate member of the organization is ucm community health & hospital division inc. (uchhd), a related tax-exempt organization. Uchhd as the organization's sole corporate member has the right to participate in the organization's governance. The university of chicago medical center (ucmc) is the sole corporate member of ucm community health & hospital division, inc. The sole member of ucmc is the university of chicago. Form 990, part vi, line 7a ucm community health & hospital division, inc. Designates directors annually at the annual meeting or at such other times as may be determined by ucm community health & hospital division, inc. Form 990, part vi, line 7b ucm community health & hospital division, inc. Shall retain the right to remove any director, other than the ex officio directors, with or without cause, at any time. Ucm community health & hospital division, inc. Must approve any modification or amendment to any mission statement, statement of goals or values, the articles of incorporation or the bylaws of the corporation; the sale, lease, exchange or disposition of all or substantially all of the assets of the corporation; and the merger, consolidation or dissolution of the corporation. Form 990, part vi, line 11b the form 990 is prepared by an independent accounting firm with information provided by management. The full form 990, including supplemental schedules, was presented by the chief financial officers to the finance committee at a committee meeting. The full board has granted to the finance committee authority to approve the form 990. The full board will receive a report from the finance committee, describing the finance committees review performed. Prior to filing with the irs, the form 990 will be available at the organizations board meeting for each members review.”

“Pursuant to the organizations conflict of interest policy, all officers, directors, board members, and key employees must avoid situations in which their personal interests may conflict, or appear to conflict, with the interest of ingalls, and ingalls reviews its own relationships with other care providers, educational institutions, and payers to determine if potential conflicts exist. Board members and employees shall have the continuing affirmative duty to report to the president and chief executive officer (ceo) of ingalls any personal ownership of interest or other relationship that might affect their ability to exercise impartial, ethical business judgments in the area of their responsibilities. Per the organizations conflict of interest policy, board members and employees at management level will be required to complete a certification and disclosure form, on a schedule determined by the corporate compliance officer. Completion of this form is a requirement for all board members and managerial employees, and may be required of non-management employees as determined by the president and ceo and corporate compliance officer. Employees also have a duty to report conflicts or potential conflicts of interest of which they may be aware of involving other employees. Each situation reported shall be reviewed by the president and ceo, and ingalls corporate compliance officer, and a determination shall be made as to whether a conflict of interest exists or may arise from such situation. The decision of the president and ceo and corporate compliance officer regarding whether a conflict exists shall be final. Persons with a conflict are prohibited from participating in the governing bodys resolution of such conflict. The organization further promotes knowledge and understanding of the conflict of interest policy in the employee handbook. Each employee is required to sign an acknowledgement of the handbook upon employment.”

“Ingalls memorial hospital is responsible for determining and administering compensation for all officers of each respective entity within the ucm community health & hospital division, inc. Corporate structure. Below is the process used to establish compensation for the top management official. In setting the top management officials compensation, the executive committee relies on recent comparability studies that provide compensation data for similarly qualified persons in comparable organizations to support its decision-making process. In addition, the organization received an independent compensation review by sullivan cotter in fy2017. The committee adequately documents its compensation determinations, deliberations, and approval of the top management officials compensation in the meeting minutes. The process for reviewing and determine compensation for the ceo was last undertaken in fy2017.”

“An outside compensation consultant is used to render a reasonable opinion as to what percentage of increase an officer or key employee should receive by performing a market comparison for all officers and key employees. The process to determine an increase in compensation of salary increases are approved annually by the president and executive committee once received by the outside consultant. Directors and managers receive an increase in compensation based on whether or not performance goals have been reached before a fiscal year starts. Performance goals are put together by the director or manager and submitted to the vice president for approval. Approved goals are then reviewed by all other executives. Once approved by all, these are the goals for the year after the year is over. The performance goals are reviewed by the vice president and director or manager. Market adjustments are set by the immediate vice president and sent to all executives for their approval.”

“All documents are available upon request.”

“Change in fmv of private foundations 32,286”