Rosecrance Foundation Inc

“Rosecrance foundation has delegated management duties to rosecrance health network (rhn), the sole corporate member, under a management agreement.”

“Rosecrance foundation has a sole corporate member, rosecrance health network.”

“Rosecrance health network, the sole corporate member, has the power to appoint and remove the governing body.”

“Rosecrance health network has the power to adopt the articles of incorporation and bylaws. The board of directors of rosecrance foundation, inc. Shall be entitled to make recommendations regarding such amendments.”

“The irs form 990 is prepared from audited financial statements and reviewed by management before being electronically transmitted to the full board of directors. Board members are provided the completed form prior to filing with the irs.”

“The members of the board of directors, the ceo and key employees are required annually to complete a conflict of interest disclosure statement with the corporation. The completed statements are reviewed by the board or committee. If it is determined that a conflict exists, that member shall not participate in discussion or voting on the matter that relates to the conflict. General counsel on an annual basis provides instruction to the board on what constitutes a potential conflict. New members are required to disclose potential conflicts as part of his/her orientation.”

“The ceo was paid by a related organization, rosecrance health network. The ceo's compensation was determined using salary data for similarly qualified persons in functionally comparable positions at other nonprofit organizations. The compensation data was obtained from surveys conducted by independent third parties. The ceo compensation package was negotiated and approved by the executive committee of the board of directors. The actions to approve the compensation for the ceo are recorded in the official minutes of the organization. The compensation for key employees is determined using salary data for similar qualified persons in functionally comparable positions at other nonprofit organizations. The compensation data was obtained from surveys conducted by independent third parties and/or publicly available data reported for similarly qualified persons in functionally comparable positions at other non-profit organizations such as on form 990. Copies of the compensation studies are maintained by the organization's human resources department.”

“Copies of the governing documents, conflict of interest policy, and financial statements are available to the general public upon written request.”

“The organization has a committee that assumes responsibility for oversight of the audit; the process has not changed from the prior year.”