Ravenswood Health Care Foundation

“Advocate's tax preparation process includes ongoing consultation with its outside tax consulting firm and tax legal counsel, both of which possess expertise in health care and tax-exempt return preparation, to advise and assist with preparation of the form 990. These advisors worked closely with the organization's finance, tax, and legal associates and other members of the organization's team assembled to participate in the preparation of the form 990. The form 990 is reviewed by finance management, the tax manager, the v.p. Of finance/corporate controller, the chief financial officer, and advocate's outside tax consulting firm and tax legal counsel. Prior to presenting the form 990 to the board of director's audit committee in november, the organization's team, including its advisors, met frequently to discuss and review drafts of the form 990. At the november audit committee meeting, the vp of finance/corporate controller and chief financial officer coordinated a review of the form 990 with committee members, as the audit committee is the comittee of the board of directors charged with oversight of audit and tax matters. The vp of finance/corporate/controller and chief financial officer responded to the audit committee members' questions and provided the opportunity for detailed discussion of the form 990. The changes identified were incorporated, and then a complete copy of the final form 990 was provided to each member of the organization's board of directors before the form 990 was filed.”

“As this organization has no annual activity, only the trustees are required to review the conflict of interest policy and sign a form every year. There are no transactions to review for conflicts in the current year.”

“The governing documents and conflict of interest policy are available to the public upon request.”