Presence Health Foundation Board of Trustees

“In determining the compensation of the Organization's CEO, the process performed by Alexian Brothers - AHS Midwest Region Health Co., a related organization of Presence Health Foundation Board of Trustees, included a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision. The Alexian Brothers - AHS Midwest Region Health Co. Compensation Committee reviewed and approved the compensation. In the review of the compensation, the CEO was compared to individuals at other organizations in the area who hold the same title. During the review and approval of the compensation, documentation of the decision was recorded in the Committee minutes. The individual was not present when his compensation was decided.”

“In determining compensation of the organization's officers or key employees, the process performed by alexian brothers - ahs midwest region health co., a related organization of presence health foundation board of trustees, included a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision. The alexian brothers - ahs midwest region health co., executive compensation committee reviewed and approved the compensation. In the review of the compensation, the officers' salaries were compared to individuals at other organizations in the area who hold the same title. During the review and approval of the compensation, documentation of the decision was recorded in the minutes. Individuals were not present when their compensation was decided.”

“Presence health foundation board of trustees has a single corporate member, presence alexian brothers health system.”

“Presence health foundation board of trustees has a single corporate member, presence alexian brothers health system who has the ability to elect members to the governing body of presence health foundation board of trustees.”

“All decisions that have a material impact to presence health foundation board of trustees financial information or corporation as a whole are subject to approval by its sole corporate member, presence alexian brothers health system.”

“During the return preparation process, the tax department works with other functional areas including finance, accounting, treasury, legal, human resources, and corporate compliance for advice, information and assistance in order to prepare a complete and accurate return. Upon completion, the form 990 is reviewed by the organization's internal tax department which consists of attorneys and cpas. A complete final copy of the return is provided to the organization's president, financial officer, and/or other key officers in lieu of the full board.”

“The organization regularly and consistently monitors and enforces compliance with the conflict of interest policy in that any director, principal officer, or member of a committee with governing board delegated powers, who has a direct or indirect financial interest, must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of the committees with governing board delegated powers considering the proposed transaction or arrangement. The remaining individuals on the governing board or committee will decide if conflicts of interest exist. Each director, principal officer and member of a committee with governing board delegated powers annually signs 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, and understands that the organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish its tax-exempt purpose.”

“The organization will provide any documents open to public inspection upon request.”

“Presence care transformation corporation ("pctc") (fein 36-3366652) acts as the agent for the corporation. Cash is swept from the corporation on a daily basis to pctc and pctc issues all payroll and accounts payable checks on behalf of and as agent for the corporation and the appropriate accounting entries are recorded.”

“Merged into alexian brothers health system - -30231028;”

“The activity of presence health foundation board of trustees is reported in the consolidated financial statements of ascension health alliance. No individual audit of presence health foundation board of trustees is completed. Therefore, the audited financial statements are of ascension health alliance and affiliates, which include the activity of presence health foundation board of trustees.”

“On april 8, 2019, the corporation merged with alexian brothers health system (fein 36-3260495), an illinois not-for-profit corporation, exempt under 501(c)(3) of the internal revenue code. As a result, this will be the corporation's final return. See attached articles of merger.”

“Presence health foundation board of trustees (the "corporation") reports 0 on form 990, part v, question 1a as it is not required to file form 1096, annual summary and transmittal of u.s. Information returns. All of the corporation's accounts payable reportable on form 1096 are paid by presence care transformation corporation ("pctc"), which issues all forms 1099, and the expense is transferred to the corporation. The compensation amounts reported in this 990 reflect the amount transferred to the corporation from pctc.”

“Presence health foundation board of trustees (the "corporation") reports 0 employees on form 990, part i, question 5 and form 990, part v, question 2a as it is not required to file form w-3, transmittal of wages and tax statement. The corporation's compensation is paid by presence care transformation corporation ("pctc"), which issues the forms w-2 and w-3, and the expense is transferred to the corporation. The compensation amounts reported in this 990 reflect the amount transferred to the corporation from pctc.”