Community Cancer Center LLC

“Carle cancer insitute normal, llc 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 cancer insitute normal, llc, 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.”

“MATTHEW KOLB (OFFICER) AND JAMES LEONARD, MD (OFFICER) - Business relationship, DENNIS HESCH (OFFICER) AND JAMES LEONARD, MD (OFFICER) - Business relationship”

“On december 6, 2021, services provided by carle cancer institute normal, llc were integrated into carle bromenn medical center, a related 501(c)(3) organization. As such, carle cancer institute normal, llc was liquidated on october 14, 2022. The organization and the related governing documents were dissolved as of that date.”

“Carle cancer insitute normal, llc has one member which is the parent company, the carle foundation.”

“Carle cancer insitute normal, llc's sole member, 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.”

“Carle cancer insitute normal, llc'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 the by-laws; amendments to the articles of the corporation; the adding of members, authorizing any non-budgeted expenditure in excess of the authorized spending authority of the president/ceo of the carle foundation, to adopt any annual or long term capital or operational budgets, the approval of any merger or consolidation of the corporation with another corporation; sale, mortgage or other disposition of all or substantially all of the assets of the corporation including real property; to organize or acquire, or to authorize or approve the organization or acquisition of any subsidiary or affiliate of the corporation; the approval of any loan to or for the corporation or any other incurrence of indebtedness by or in the name of the corporation in addition to the pledging of all or part of the corporation's assets as security for debt, liability or other obligation; to authorize the corporation, subsidiary or affiliate to enter into any contract or engage in any transaction or activity which requires application to the illinois health facilities and services board for a permit or certificate of need; to approve payment to the members of the organization's board of trustees of their expenses for attendance at the meetings or any sums as compensation for attendance at such meetings or as stated salary for service as trustees; and to adopt a plan of dissolution of the corporation.”

“The 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.”

“Vice presidents of the carle foundation are considered key employees for carle cancer insitute normal, llc. The compensation for all vice presidents of carle enitites is paid by the carle foundation.”

“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.”

“The carle foundation serves as the parent of its supported organizations. At a minimum, one member of the governing board also serves on the boards of the supported organizations. There is an interconnectedness of management throughout the organization whereby management oversees activities of each of the supported organizations in addition to those of the carle foundation. Management oversight over the use of the organization's income and assets is led by the same executive leadership team over each of the supporting and supported organizations.”

“On december 6, 2021, services provided by carle cancer institute normal, llc were integrated into carle bromenn medical center, a related 501(c)(3) organization. As such, carle cancer institute normal, llc was liquidated as of october 14, 2022.”

“Carle cancer insitute normal, llc settled various intercompany receivable/payable balances through equal offsetting equity transfers. The intercompany receivable/payable balance of $375,536 resulted from the normal course of operations and was primarily attributable to centralized cash management and disbursement activities. These intercompany receivable/payable settlements helped provide supplemental funding for certain related organizations to further their exempt purposes.”

“Intercompany receivable/payable settlements - -375536;”

“The financial statements for carle cancer insitute normal, llc 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.”