Franciscan Beacon Hospital LLC

“The information to prepare the form 990 is gathered by finance staff and mission representatives and provided to its accounting firm who prepares the return. Senior management then reviews the return prior to filing. The form 990 is also made available to franciscan beacon hospital's board of trustees and board finance committee prior to filing.”

“In connection with any actual or possible conflict of interest, any board member, board committee member, corporate officer or executive staff of franciscan beacon hospital must disclose the existence of a financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction, arrangement or any business relationship with a competitor of the corporation. Disclosures are generally made in the following methods: (a) disclosure on the annual survey or web based duality statement or other proscribed means. To ensure the organization operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews shall be conducted under the conflicts of interest policy. The periodic review shall, at a minimum, include the following subjects: (a.) whether compensation arrangements and benefits are reasonable, based on competent survey information, and the result of arm's length bargaining; and (b.) whether partnerships, joint ventures, and arrangements with management organizations conform to the organization's written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further charitable purposes, and do not result in inurement.”

“Franciscan beacon hospital, llc. Does not compensate its officers. Form 990, part vi, section c, line 19 franciscan beacon hospital, llc.'s articles of incorporation are available on the indiana secretary of state website. The bylaws and conflicts of interest policy are available upon written request.”

“THE MISSION OF FRANCISCAN BEACON HOSPITAL IS TO CREATE A HEALTHIER COMMUNITY BY BEING A PREMIER PROVIDER OF HEALTHCARE; PROMOTING THE HEALTH AND WELL-BEING OF INDIVIDUALS AND FAMILIES BY PROVIDING EDUCATION THAT MAY AID IN DETECTION AND PREVENTION OF DISEASE; CONDUCTING OUR ACTIVITIES WITH COMPASSION AND RESPECT; ACTING WITH RECOGNITION THAT HEALTH IS HOLISTIC AND EMBRACES THE BODY, MIND, AND SPIRIT; SEEKING AND PARTNERING WITH THOSE WHO SHARE OUR MISSION; CONINUOUSLY IMPROVING THE QUALITY AND COST-EFFECTIVENESS OF OUR SERVICES; MAINTAINING THE FINANCIAL VIABILITY OF THE HOSPITAL WHILE CONTINUING OUR CHARITABLE ROLE IN THE COMMUNITY. FORM 990, PART IV, LINE 20B FRANCISCAN BEACON HOSPITAL, LLC DID NOT RECEIVE AUDITED FINANCIAL STATEMENTS FOR 2020 AND WAS NOT INCLUDED IN ANY CONSOLIDATED AUDITED FINANCIAL STATEMENTS. FORM 990, PART VI, LINE 6 FRANCISCAN BEACON HOSPITAL, LLC HAS TWO MEMBERS, FRANCISCAN ALLIANCE, INC. AND BEACON HEALTH SYSTEM, INC. FORM 990, PART VI, LINE 7A EACH MEMBER OF FRANCISCAN BEACON HOSPITAL, LLC APPOINTS 3 MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, LINE 7B CERTAIN POWERS HAVE BEEN RESERVED TO THE MEMBERs. THOSE POWERS INCLUDE: - ANNUAL CAPITAL AND OPERATING BUDGETS OF THE COMPANY; PROVIDED, THAT IN THE EVENT THE MEMBERS ARE UNABLE TO APPROVE SUCH BUDGETS BY THE BEGINNING OF A FISCAL YEAR, UNTIL SUCH APPROVAL IS OBTAINED, THE OPERATING BUDGET FOR THE PRIOR YEAR SHALL BE DEEMED TO BE ADOPTED AS THE OPERATING BUDGET FOR THE CURRENT YEAR; - ADOPTION OF, AND ANY AMENDMENT TO, THE STRATEGIC BUSINESS PLAN FOR THE COMPANY; - MANDATORY CAPITAL CONTRIBUTIONS; - THE SALE OF THE COMPANY OR SUBSTANTIALLY OF ALL ITS ASSETS; - ANY PLAN TO CONSUMMATE A MERGER, CONSOLIDATION, UNIT EXCHANGE OR SIMILAR TRANSACTION INVOLVING THE COMPANY; - THE ADMISSION OF NEW MEMBERS TO THE COMPANY OR THE SALE OF ADDITIONAL INTEREST IN THE COMPANY; - ANY AMENDMENT OR REPEAL OF THE COMPANY'S ARTICLES OF ORGANIZATION OR OPERATING AGREEMENT - THE ACQUISITION BY THE COMPANY OF SUBSTANTIALLY ALL OF THE ASSETS OR ANY MEMBERSHIP INTERESTS, STOCK OR OTHER OWNERSHIP INTERESTS OF ANOTHER ENTITY; - ANY PLEDGE OF THE COMPANY'S ASSETS, OTHER THAN IN THE ORDINARY COURSE OF BUSINESS; - VOLUNTARY DISSOLUTION OF THE COMPANY; - APPOINTMENT, REMOVAL AND REPLACEMENT OF INDIVIDUALS WHO WILL SERVE AS EXECUTIVE DIRECTOR OF THE COMPANY; - SELECTION OR DISMISSAL OF THE INDEPENDENT PUBLIC ACCOUNTANTS FOR THE COMPANY; - A DECISION TO REQUIRE MEMBERS TO GUARANTEE DEBT PURSUANT TO SECTION 2.8 OF THE COMPANY'S OPERATING AGREEMENT; - THE ESTABLISHMENT OF ANY SUBSIDIARIES OR AFFILIATES OF THE COMPANY APPROVED BY THE BOARD OF MANAGERS OR THE ENTRY INTO ANY JOINT VENTURE ARRANGEMENTS INVOLVING THE COMPANY APPROVED BY THE BOARD OF MANAGERS; - ADOPTION, AMENDMENT OR TERMINATION OF ANY EMPLOYEE RETIREMENT PLAN OR ANY OTHER WELFARE BENEFIT PLAN OR POLICY OF THE COMPANY OR ANY MODIFICATIONS THERETO; AND - ANY CHANGE IN THE STATUS OF THE COMPANY FOR FEDERAL TAX PURPOSES OR MAKE ANY STATE OR FEDERAL ELEXTION ON BEHALF OF THE COMPANY APPROVED BY THE BOARD OF MANAERS OR THE PARTNERSHIP REPRESENTATIVE.”

“Contributions from beacon health system, inc. $ 6,418,608 contributions from franciscan alliance, inc. 4,641,852 ------------ total $ 11,060,460”

“Description:dues/subscriptions total expenses:13743 program services:12246 management and general:1497 fundraising:”

“Description:rental equipment total expenses:7323 program services:6526 management and general:797 fundraising:”

“Description:other expenses total expenses:1279463 program services:1140130 management and general:139333 fundraising:”