The Blessing Foundation Inc.

“The blessing foundation, inc. Contracts with blessing corporate services to execute the duties normally performed by management. The management company carries out the governing decisions of the board of directors, similar to the role and functions of an employee-officer. Blessing corporate services paid compensation to various employees collectively acting as management. The compensation paid to six of those employees who serve on the blessing foundation, inc. Board of directors is disclosed on part vii.”

“In order to achieve cost efficiencies, the blessing foundation, inc. And its sole member, blessing corporate services, inc., have entered an intercompany management services agreement whereby blessing corporate services provides management services to the blessing foundation, inc.”

“Blessing corporate services, inc., an illinois not for profit corporation, is the sole voting member of the blessing foundation, inc.”

“Blessing corporate services, inc., the sole voting member of the blessing foundation, inc., shall appoint and/or remove all the trustees of the corporation and appoint the president of the blessing foundation, inc.”

“Blessing corporate services, inc., the sole voting member of the blessing foundation, inc. (corporation), shall approve expressly all amendments to the corporation's articles of incorporation and bylaws before they may become effective, approve long-term debt, long-range plans, and capital and operating budgets, approve the purchase and sale of real and personal property and contracts (other than those providing annuities for donors) entered into by the corporation, not expressly made part of an approved budget, the reasonable value of which exceeds an amount set forth in the bylaws of the voting member, approve of material investment decisions, including without limitation establishment and modification of investment policies, engagement and removal of investment managers and advisors, and changes in investment allocations not permitted by an existing investment policy, approve the parameters for terms of employment of physicians, including physician compensation plans, and any material variances from such parameters for individual physicians, approve the selection of auditors and legal counsel, approve charity care and community benefits-related policies, approve the formation of subsidiary entities and/or joint ventures, approve of the filing of a petition in bankruptcy, making an assignment for the benefit of creditors, or applying for protection under any insolvency laws, approve the participation in any merger, combination, consolidation, liquidation, dissolution, or other corporate or business entity restructuring, and the power to compel the corporation to enforce and/or perform any contractual obligation.”

“Following management review, the form 990 was provided to the board of trustees of the blessing foundation, inc. For review and comment prior to filing.”

“A copy of the conflict of interest policy is distributed annually to officers, directors, trustees, and key employees to be read, signed, and returned to the blessing foundation, inc. The signed policies are retained in the corporate administrative files of the blessing foundation, inc. In addition, each officer, director, or trustee is required to declare any conflict of interest in regards to agenda items being presented at the start of each monthly board meeting.”

“These documents are located in the corporate office of the blessing foundation, inc. And are available upon request for public inspection.”

“The purposes for which the blessing foundation, inc. Is organized are exclusively charitable, scientific, or educational within the meaning of section 501(c)(3) of the internal revenue code of 1986, as amended. In furtherance of these purposes, the corporation shall promote and support, by donation, loan or otherwise, the interests and purposes of blessing hospital, blessing corporate services, inc., blessingcare corporation dba illini community hospital, or other organizations which provide health care or conduct education or research, provided, however, that any such organization supported by the corporation shall in all events not be a private foundation and be as defined in section 501(c)(3) and either section 509(a)(1) or section 509(a)(2) of the internal revenue code of 1986, as amended; and the corporation shall raise funds for any or all of the organizations described above from the public and from all other sources available, and shall receive, maintain, and administer such funds and expend principal and income therefrom in furtherance of these purposes. The following lists specific expenditures in regards to the purpose listed above. Blessing hospital - financial aid for student nurses of 1,600,000 blessing-rieman college of nursing blessing hospital - employee crisis/caring club fund 139,763 blessing hospital - student worker support for blessing- 95,000 rieman college of nursing blessing hospital - teresa adams house building - 63,610 operating funds blessing hospital - hospice and palliative care 50,000 blessing hospital - early learning center scholarships 30,000 blessing hospital - faculty and employee development for 18,000 blessing-rieman college of nursing blessing hospital - rehabilitation intern program 9,000 blessing hospital - bariatric manikin 8,499 blessing hospital - speaker at blessing-rieman college 4,500 of nursing educational event blessing hospital - hospice music 4,000 blessing hospital - stocked crash cart 3,690 quincy university - frances waterkotte grant 700 blessing hospital - caring cupboard for blessing-rieman 231 college of nursing total 2,026,993”

“Depreciation in rental expense 1,179,940 other rental property expense 505,217 depreciation in rental expense -1,179,940 other rental property expense -505,217”