Carle Development Foundation

“Carle development foundation does not compensate its officers. Employee compensation for these individuals is compensated by the parent organization, the carle foundation. The board of trustees of the carle foundation, the parent organization of carle development foundation, through its compensation committee comprised of independent members free of conflict, annually reviews executive compensation levels and establishes appropriate salary ranges and other features of the compensation plan in accordance with the organization's approved compensation philosophy and strategy: * the committee is comprised of members of the board of trustees; who are independent of the carle foundation management; have no personal interest in the compensation arrangements; are not related to, or under the control of any individual whose compensation arrangement is being reviewed; and have no material business relationship with the carle foundation. * the chief executive officer's compensation is determined by the compensation committee in relation to appropriate comparability data. Compensation for other members of the executive staff is developed by the ceo, evaluated against market data, and reviewed and approved by the committee. * the committee approves all annual compensation decisions in advance of their implementation and documents its determinations and discussions. * the compensation committee relies upon a number of external resources and comparisons, and its analysis includes total compensation (cash compensation plus benefits provided by the carle foundation) in relation to organizational performance and prevailing industry practices for like responsibilities at comparably-sized organizations. The committee has engaged the services of a compensation consulting firm specializing in the not-for-profit sector which has worked with the carle foundation and makes its reports directly available to the compensation committee.”

“JAMES LEONARD, MD (OFFICER), MATTHEW KOLB (OFFICER), AND LAURENCE FALLON (FORMER) - Business relationship, PAUL TUCKER (TRUSTEE) AND JAMES LEONARD (OFFICER) - Business relationship, PAUL TUCKER (TRUSTEE), KARL APPELQUIST (TRUSTEE), AND JAMES LEONARD, MD (OFFICER) - Business relationship, DONNA GREENE (TRUSTEE), JAMES LEONARD, MD (OFFICER), AND DENNIS HESCH (OFFICER) - Business relationship, JAMES LEONARD, MD (OFFICER), DENNIS HESCH (OFFICER), AND LAUREN SCHMID (KEY EMPLOYEE) - Business relationship, PAUL TUCKER (TRUSTEE) AND DENNIS HESCH (OFFICER) - Business relationship”

“The carle development foundation has one member, which is the parent company, the carle foundation.”

“The carle foundation, acting through its board of trustees, has the exclusive power to elect and remove members of the board of trustees for the corporation in addition to filling vacancies.”

“The carle development foundation's board of trustees must have the approval of its sole member, the carle foundation, through its board of trustees, when voting on matters including the amending of bylaws; amending of the articles of the corporation; the adoption of any annual or long-term capital or operational budgets of the corporation; the adoption of any new, or any changes to existing, long-term or master institutional plans of the corporation; the adoption of a plan of dissolution of the corporation; the engaging of the corporation into any transaction providing for the sale, mortgage or other disposition of all or substantially all of its assets; the adoption of a plan of merger or consolidation of the corporation with another corporation; approving any contributions, grants or loans by the corporation to any organization or corporation other than the sole member of the corporation or an affiliate the sum of which exceeds $10,000 for any fiscal year; the organizing or acquisition, or authorization or permit the organization or acquisition of any subsidiary or affiliate of the corporation.”

“Form 990 was prepared by staff and an external tax advisor and reviewed by management. Prior to filing this form 990, a full and complete copy was provided to the governing body by posting to the organization's director communication portal. Also, before filing, each trustee received notification that the form 990 was posted and available for review at his/her discretion, each trustee has the opportunity to contact management or discuss and address concerns at subsequent board meetings.”

“The organization's established conflict of interest policies require annual disclosure of actual and potential conflicts of interest for officers, directors, trustees, members of board committees, administrative and managerial employees as well as all employees of the purchasing department. If circumstances change during the course of a year, interim disclosure is also required of the same individuals. The disclosures of employees are reviewed initially by the compliance department and any identified conflicts are referred to, and addressed by, the organization's internal legal counsel and/or corporate integrity officer. The disclosures of trustees and members of board committees are reviewed by the chair of the board. The entire board, absent the subject trustee or committee member determines whether a conflict exists. Trustees and/or board committee members with identified conflicts are required to recuse themselves from deliberating and voting on matters that may present a conflict. The organization also maintains purchasing policies requiring counter signatures to further minimize the risk associated with actual and/or potential conflicts of interest.”

“The carle foundation publishes through www.dacbond.com and https://emma.msrb.org/ its quarterly unaudited financial statements, annual audited financial statements, a management's discussion & analysis to accompany the financial statements, and an annual report of certain operating and financial information. Additionally, official statements for outstanding municipal bond issues for which the carle foundation is obligated are available at this website. These documents include extensive information about the organization's health care delivery system model, recent highlights/accomplishments, governance and administration, strategic plan, facilities, clinical programs, medical staff, service area, competitive environment, demographic data, utilization statistics, summary financial information, academic affiliations and educational programs, medical research, accreditations, and its employees. This information is available at no charge to those who register at the www.dacbond.com website. In addition, the form 990s of the organization's filing entities are available through dacbond. Quarterly financial statements are available upon request delivered to the organization's administrative offices. The organization's governing documents and conflict of interest policies are also available upon request to the organization's administrative offices.”

“The average estimated hours per week listed for the reporting organization and related organizations are based on a standard 40 hour week. Members may frequently devote more than 40 hours of service to the entire organization during an average week.”

“(Expenses $ 2,053,581 including grants of $ 1,981,260)(Revenue $ 0) OTHER PROGRAM SERVICE - OTHER PROGRAMS FUNDED AND SUPPORTED BY THE CARLE DEVELOPMENT FOUNDATION INCLUDE RURAL HEALTH AND FARM SAFETY, RESEARCH IN MANY AREAS INCLUDING CANCER/CARDIOLOGY/DIGESTIVE HEALTH/GENERAL NURSING, MEDICAL EDUCATION IN BOTH HOSPITAL SETTINGS AND COMMUNITY SETTINGS, PEDIATRICS INITIATIVES AND PATIENT CARE.”

“Intercompany receivable/payable settlements - 11047;”

“Form 990, part xii questions 2a, b, c and part iv, question 12 the financial statements for the carle development foundation were reviewed on a consolidated basis under the parent organization, the carle foundation. The carle foundation does have an audit committee consisting of members of the governing board and the chief financial officer who together assume responsibility for oversight of the review and audit of its financial statements and selection of an independent accountant.”