Wheaton Franciscan Services Inc

“WFSI has one member, the individuals that serve as the Provincial Directress and the Provincial Councilors of the Wheaton Franciscan Sisters, which holds several reserved powers over WFSI. These reserved powers include, but are not limited to, the election of members of the governing body and election of officers, and amendments to governing documents; these approvals are based on recommendations from the governing body.”

“WFSI has one member, the individuals that serve as the Provincial Directress and the Provincial Councilors of the Wheaton Franciscan Sisters, which holds several reserved powers over WFSI. These reserved powers include, but are not limited to, the election of members of the governing body and election of officers, and amendments to governing documents; these approvals are based on recommendations from the governing body.”

“WFSI has one member, the individuals that serve as the Provincial Directress and the Provincial Councilors of the Wheaton Franciscan Sisters, which holds several reserved powers over WFSI. These reserved powers include, but are not limited to, the election of members of the governing body and election of officers, and amendments to governing documents; these approvals are based on recommendations from the governing body.”

“The auditing firm prepares Forms 990, 990-T and associated state filings. When complete, the return is reviewed by the Finance Manager who focuses on income statement and balance sheet items and schedules where transactions of this type might be reported. If discrepancies are found, the item will be corrected. Once all levels of review by both the auditing firm and the finance department have been completed, the finance manager will schedule an appointment with the signer of the returns, the CEO and President.”

“The organization has a Conflict of Interest policy which states that if at any time, an officer or a director become aware that the board may discuss or act upon any transaction or arrangement which may have any bearing of any kind upon, or may relate in any manner to, a financial interest of the individual, the financial interest must be disclosed. All associates of the organization must disclose a potential conflict of interest any time one arises. The disclosures are reviewed and a determination is made as to whether a conflict of interest exists and how it might be managed.”

“The compensation of the CEO, Executive Director, or Other top official paid by the filing organization is reviewed and approved on an annual basis by the Executive Committee of the Wheaton Franciscan Services Board of Directors, an independent board, acting in a manner consistent with its conflicts of interest policy. The board's decision is informed by an opinion on market comparable compensation data provided to the board by an independent compensation expert. The organization maintains contemporaneous documentation of the substantiation of the deliberation and decision by the board.”

“Organizations that were affiliates of Wheaton Franciscan Services Inc. during the fiscal year ending June 30, 2017 provided upon request certain documents including our financial statements, conflict of interest policy, and governing documents that support our tax exempt status, including, but not limited to, articles of incorporation and bylaws.”

“Certain employee benefits for former affiliated organizations were centrally managed by wheaton franciscan services, inc. Through the run out period of june 30, 2017 and are reflected on line 9.”

“Funds Transfer -10,000,000. Change in Equity Transfer PPIC 743,238. change in Equity Transfer WFIC 133,735. Funds Transfer - FMI 1,935,920. Write off Ridgeway Loan -1,958,311. Change in Equity upon merger 2,260,903. Rounding 2.”

“Under the constructive ownership rules of internal revenue code sections 958(a) and (b), the taxpayer is required to file forms 5471, information return of us persons with respect to certain foreign corporations, as a category 3, 4, and/or 5 filer with respect to wheaton franciscan insurance company, fein #98-0691609. These filing requirements are or will be satisfied through the filing of forms 5471 with respect to the foreign corporation on the taxpayer's behalf by the us taxpayers identified below who have the same filing requirement. Taxpayer name: wheaton franciscan services, inc. Address: 26 w171 roosevelt road, wheaton il 60187 fein number of us tax return with which form 5471 was filed: 36-3262111 irs service center where us tax return was or will be filed: e-filed”