Sarah Bush Lincoln Health Foundation

“Ann beck, director and barb love, director have a business relationship. Scott bland, director and carol jo fritts, director have a business relationship. Philip kepp is also on the health system/health center board. Nancy schilling and scott taylor have family members employed at sarah bush lincoln health center.”

“The sole corporate member of the organization is sarah bush lincoln health system.”

“Board members may elect new members after the sbl system board approves them.”

“The governing body may not take the following action without prior approval of the sole corporate member: 1.) alter, amend, or repeal the articles of incorporation or bylaws or adopt bylaws for any subsidiary 2.) approve the annual operating budget or approve any formal long-range plan 3.) approve any transaction for which the corporation would be required to obtain certificate of need approval under illinois law 4.) borrow funds, or incur debt, whether secured or unsecured. 5.) approve or adopt any plan or merger or consolidation, or any sale, lease, exchange, mortgage, pledge, or other disposition of all or substantially all (10% or more) of the property and assets of the corporation 6.) select auditors for the corporation 7.) create or acquire any subsidiary or affiliate corporation, or create any other corporation of which the corporation is a member 8.) dissolve the corporation or adopt any plan of dissolution”

“The senior accounting staff reviews all elements of the 990 based on prior knowledge and interviews with other individuals in the organization. In addition, board members submit detailed questionnaires with regards to their relationships with the organization per the recommendation with independent consultants. The final form 990 is distributed to the board via email for review and questions.”

“Members of the board of directors annually complete a certification statement which identifies possible conflicts of interest related to their professional and personal lives. During deliberations and decisions on which there appears to be a conflict of interest, the board member is excused from the discussion and deliberation, shall not vote on, nor use his personal influence on or be counted in determining the existence of a quorum in respect to the transaction or contract.”

“All salaries for sarah bush lincoln health foundation are paid by sarah bush lincoln health center. The foundation records compensation of its personnel for 990 reporting as management fees. Compensation is determined by the sbl health center annually after internal review of market data from outside consultants with recommendations presented to the administration team for approval. The board approves the overall compensation program.”

“Currently, sarah bush lincoln health center, the foundation's related organization, posts their community benefits statement on our public website. No other governing documents are routinely made available.”

“The sbl health foundation is organized exclusively for charitable, benevolent, educational, and scientific purposes and to support and encourage health care services through providing financial and fundraising assistance and in all other relevant ways to sarah bush lincoln health center, a not-for-profit corporation.”

“The sole corporate member assumes responsibility for oversight of the audit of the financial statements and selection of the independent accountant; and no processes have changed from prior year.”