Joliet Area Community Hospice Corp

“The Executive Committee, to the extent permitted by law and the bylaws, has and exercises the authority of the Board of Directors in the governance of the organization between meetings of the Board of Directors. The Executive Committee has the power to transact any and all business in the interim between meetings when acting is urgent and quorum cannot be obtained, except for those powers reserved to the full Board of Directors as described in the bylaws. The Executive Committee consists of the Chair, the Vice Chair, Secretary, Treasurer, and Chief Executive Officer (non-voting). A report of any action and confirmation of said action shall take place at the next Board meeting.”

“The compensation for the CFO, COO, and Director of Philanthropy positions was established through an external recruiter who reviewed job descriptions and validated compensation ranges based on market data. This process last occurred in September 2024. Additionally, key employee compensation was last reviewed in August 2024 and was based on the annual Hospice Salary and Benefits Report issued by the Hospital & Healthcare Compensation Service.”

“The Form 990 is prepared by a public accounting firm and reviewed by the Chief Executive Officer and Chief Financial Officer. After internal review, the completed return is provided to the full board of directors prior to filing with the IRS.”

“Conflict of Interest policies are reviewed annually and signed by each board member at the start of every new or renewal term. Additionally, all staff at the director level and above sign conflict of interest disclosures. Before each board meeting, the President of the Board asks all members present if they have any conflicts to disclose. If a conflict is identified, the Board determines appropriate restrictions, such as prohibiting the individual from participating in discussions or voting on the matter.”

“The executive committee of the board of directors meets annually to review the compensation for the CEO. The process utilizes a compensation survey and documentation supporting the executive committee's conclusions and is kept by the President of the Board. This process last occurred in April 2024.”

“The governing documents, conflict of interest policy, and financial statements are available upon request for the same disclosure period required under IRC Section 6104(d). These documents are also available for inspection at our office.”