2024-05-14T13:09:35+00:00 2023-06-30 861065772 Deloitte Tax LLP 50 S 6th St Suite 2800 Minneapolis MN 554021844 990 2022-07-01 363370216 Copley Ventures Inc co RUSH COPLEY MEDICAL CENTER COPL 6309786200 2000 OGDEN AVENUE AURORA IL 605044206 JOHN DIEDERICH PRESIDENT & CEO 6309784941 2024-05-14 true BRENDA VAN WYHE 999009999 Anna Kolakaluri P01275237 6123974000 2022 2023-04-26 12:10:37Z JOHN DIEDERICH 2000 OGDEN AVENUE AURORA IL 605044206 4746372 false X WWW.RUSHCOPLEY.COM X 1985 IL TO IMPROVE THE HEALTH OF THE INDIVIDUALS AND DIVERSE COMMUNITIES WE SERVE THROUGH THE INTEGRATION OF OUTSTANDING PATIENT CARE, EDUCATION, RESEARCH AND COMMUNITY PARTNERSHIPS. 4 0 143 13 1715 0 0 5039588 4681028 25 62 -190987 -214538 4848626 4466552 0 0 0 0 1830717 1972805 0 0 0 3357988 2446218 5188705 4419023 -340079 47529 35992348 37427317 51268527 52655967 -15276179 -15228650 TO IMPROVE THE HEALTH OF THE INDIVIDUALS AND DIVERSE COMMUNITIES WE SERVE THROUGH THE INTEGRATION OF OUTSTANDING PATIENT CARE, EDUCATION, RESEARCH AND COMMUNITY PARTNERSHIPS. false false 3802155 4679313 COPLEY VENTURES, INC. ("CV") HOLDS TITLE TO PROPERTY FOR RENTAL PURPOSES. CV LEASES AND OPERATES OUTPATIENT CLINICS AND MEDICAL OFFICE BUILDINGS. CV OWNS THE RUSH-COPLEY HEALTHPLEX ("HEALTHPLEX"), WHICH IS A HEALTH AND FITNESS CENTER PROVIDING PREVENTIVE MEDICINE AND WELLNESS EDUCATION TO THE GENERAL PUBLIC. THE HEALTHPLEX OFFERS THE LATEST IN EXERCISE EQUIPMENT AND A STAFF OF CERTIFIED AND DEGREED PROFESSIONALS. THE HEALTHPLEX IS EQUIPPED WITH A THERAPY POOL AND EXERCISE EQUIPMENT TO REHABILITATE PATIENTS RANGING FROM CARDIAC PATIENTS TO PATIENTS WHO HAVE SPORTS INJURIES. THE HEALTHPLEX OFFERS A WIDE VARIETY OF ACTIVITIES TO MEMBERS OF ALL AGES AND ALL FITNESS LEVELS. THE HEALTHPLEX HAS DEVELOPED WELLNESS PROGRAMS AND SUPPORT GROUPS TO HELP MEMBERS ADJUST BOTH MENTALLY AND PHYSICALLY TO DIFFERENT HEALTH PROBLEMS. THE FOLLOWING IS A SAMPLE OF PROGRAMS OFFERED AT THE HEALTHPLEX: PRE AND POST NATAL EXERCISE CLASSES ARE PROVIDED TO EDUCATE THE COMMUNITY AND MAKE THEM AWARE OF OTHER SERVICES PROVIDED BY RUSH COPLEY MEDICAL CENTER AND AFFILIATED ORGANIZATIONS. WELLNESS PROGRAMS ENCOURAGE PARTICIPANTS TO IMPROVE THEIR HEALTH THROUGH EDUCATION AND ACTIVITIES. RECENT OFFERINGS INCLUDE: CPR, ARTHRITIS FOUNDATION AQUATIC PROGRAM, WATER EXERCISES, EXERCISE FOR THE BUSINESS & VACATION TRAVELER, AND INJURY PREVENTION FOR THE ATHLETE. THE HEALTHPLEX HAS ALSO ESTABLISHED YOUTH PROGRAMS TO HELP CHILDREN DEVELOP MOTOR SKILLS, WHILE INTRODUCING THEM TO NUTRITION AND INTERDISCIPLINARY STUDIES. THESE PROGRAMS ENCOURAGE DEVELOPMENT OF PERSONAL, SOCIAL, HEALTH, AND WELLNESS SKILLS THAT WILL LEAD TO LIFE-LONG PHYSICAL ACTIVITY. RECENT OFFERINGS INCLUDE: KIDS CARDIO, KIDS FITNESS CLASS, EXERCISE YOUR HEART, HEALTHY OPPORTUNITIES TOGETHER, AND KIDS POWER. 3802155 true false false false false false false false false true false false true true false false true false false false false false false false false false false false true false false false false false false false false false false false false true true true true false false true 0 0 143 true true true false false false false false false false false false false false X 4 0 true true false false true true true true true false false true true true true true true false false false IL X BRENDA VAN WYHE 6309786200 2000 OGDEN AVENUE AURORA IL 605044206 Brenda Van Wyhe SR. VP FINANCE & CFO/TREASURER 1.0 42.0 X X 0 625127 106279 John Diederich MA MBA FACHE President & CEO/Director 1.0 43.0 X X 0 3634635 42791 Mary F Shilkaitis SR VP Operations & COO 1.0 40.0 X X 0 1371600 30769 Ryan Asmus VP, GENERAL COUNSEL/SECRETARY 1.0 42.0 X X 0 449693 59039 0 6081055 238878 1 false true false 0 0 HEALTHPLEX REVENUE 713940 4285536 4283821 1715 AFFILIATE RENTAL REV. 531120 395492 395492 0 0 0 0 4681028 62 62 65282 279820 -214538 0 -214538 -214538 0 0 0 0 0 0 0 4466552 4679313 1715 -214476 1730475 1468771 261704 242330 195450 46880 0 0 0 0 262138 262138 1050138 1048197 1941 485990 483997 1993 40000 40000 PURCHASED SERVICES 513009 510905 2104 OTHER OPERATING EXPENSE 94835 94835 EMPLOYEE RELATIONS 108 108 0 0 0 0 4419023 3802155 616868 0 1124361 74554 50002 50007 0 0 17519 9976 0 0 0 0 0 0 3688 0 77296 93085 37121961 16736675 20932055 20385286 0 0 0 0 0 0 13787427 16814409 35992348 37427317 627803 572516 0 0 129069 213132 0 0 0 0 0 0 0 0 50511655 51870319 51268527 52655967 X -15276179 -15228650 -15276179 -15228650 35992348 37427317 47529 0 X false true X true false X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0 0 0.0 X 0 0 0 0 0 0 Schedule A, Part I, Line 3 PUBLIC CHARITY STATUS COPLEY VENTURES, INC. IS EXEMPT AS A HOSPITAL UNDER INTERNAL REVENUE CODE SECTION 170(B)(1)(A)(III); HOWEVER, IT IS NOT A HOSPITAL AS DEFINED BY FORM 990, SCHEDULE H INSTRUCTIONS. 8796177 8796177 15726218 9017145 6709073 1389253 457484 931769 1487813 1272243 215570 9722500 5989803 3732697 20385286 RIGHT OF USE ASSET 118807 DUE FROM RELATED PARTIES 16695602 16814409 DUE TO AFFILIATES 51775661 LONG TERM DEFERRED RENT OBLIGATION 94658 51870319 false true false false false false false false false Ryan Asmus VP, GENERAL COUNSEL/SECRETARY 0 317250 0 108245 0 24198 0 58790 0 249 0 508732 0 0 John Diederich MA MBA FACHE President & CEO/Director 0 692650 0 296561 0 2645424 0 10237 0 32554 0 3677426 0 648480 Mary F Shilkaitis SR VP Operations & COO 0 369134 0 150400 0 852066 0 6833 0 23936 0 1402369 0 77770 Brenda Van Wyhe SR. VP FINANCE & CFO/TREASURER 0 419725 0 178200 0 27202 0 85639 0 20640 0 731406 0 0 Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation COPLEY MEMORIAL HOSPITAL, A RELATED ORGANIZATION OF COPLEY VENTURES, USED THE FOLLOWING METHODS TO DETERMINE THE COMPENSATION OF THE ORGANIZATION'S CEO/EXECUTIVE DIRECTOR: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - FORM 990 OF OTHER ORGANIZATIONS - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan CMH OFFERS A SUPPLEMENTAL RETUREMENT PLAN TO CERTAIN EMPLOYEES WHO PARTICIPATE IN THE EXECUTIVE BENEFITS PROGRAM. THERE IS NO CONSTRUCTIVE RECEIPT OF THESE AMOUNTS BY THE INDIVIDUALS UNTIL THEY ARE PAID OUT AS THEY ARE SUBJECT TO A SUBSTANDTIAL RISK OF FORFEITURE UNTIL INDIVIDUALS MEET THE REQUIRED VESTING PERIOD. ONCE VESTED, PAYOUTS WOULD BE INCLUDED AS REPOSTABLE COMPENSATION ON THE RECIPIENTS ANNUAL FORM W-2. THE AMOUNTS PAID OUT OF THIS PLAN IN 2022 WERE AS FOLLOWS: JOHN DIEDERICH - $2,619,860, MARY SHILKAITIS - $821,975 Form 990, Part VI, Line 15 PART VI, LINE 15 THE CEO/VPS OF THE ORGANIZATION AND KEY SENIOR MANAGEMENT ARE COMPENSATED BY COPLEY MEMORIAL HOSPITAL. COPLEY MEMORIAL HOSPITAL FOLLOWS A COMPENSATION APPROVAL PROCEDURE ANNUALLY THAT INVOLVES APPROVAL OF PROPOSED AND FINAL COMPENSATION ARRANGEMENTS BY ITS COMPENSATION COMMITTEE AND FULL BOARD OF DIRECTORS USING COMPARABILITY DATA, AS WELL AS CONTEMPORANEOUS DOCUMENTATION OF COMPENSATION DECISIONS IN MINUTES. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons MANY OF THE PERSONS LISTED ON PART VII HAVE A "BUSINESS RELATIONSHIP" WITH EACH OTHER BY VIRTUE OF THEIR EMPLOYMENT AND/OR SITTING ON RELATED RUSH COPLEY MEDICAL CENTER ENTITY BOARDS - Business relationship Form 990, Part VI, Line 3 Delegation of management duties RESERVED POWERS OVER CERTAIN MANAGEMENT DUTIES HAVE BEEN DELEGATED TO RUSH UNIVERSITY SYSTEM FOR HEALTH ("RSH") AS THE PARENT ENTITY FOR THE RUSH SYSTEM. THESE DUTIES INCLUDE APPROVING VARIOUS RCMC ACTIONS, INCLUDING RCMC'S OPERATING BUDGET AND CERTAIN TRANSACTIONS, APPOINTMENT OF CERTAIN RCMC EXECUTIVES, APPOINTMENT OF RCMC'S BOARD MEMBERS, ETC. Form 990, Part VI, Line 6 Classes of members or stockholders RUSH COPLEY MEDICAL CENTER ("RCMC") IS THE SOLE CORPORATE MEMBER OF COPLEY MEMORIAL HOSPITAL, INC. ("CMH"), RUSH COPLEY MEDICAL GROUP, NFP ("RCMG"), COPLEY VENTURES, INC. ("CV"), AND RUSH COPLEY FOUNDATION ("RCF"). Form 990, Part VI, Line 7a Members or stockholders electing members of governing body COPLEY VENTURES, INC.'S BOARD OF DIRECTORS ARE ELECTED BY THE GOVERNING BOARD OF COPLEY VENTURES, INC.'S SOLE CORPORATE MEMBER, RUSH COPLEY MEDICAL CENTER, AT THE ANNUAL MEETING OF THE GOVERNING BOARD OF RUSH COPLEY MEDICAL CENTER, INC. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders THE PRESIDENT OF COPLEY VENTURES, INC. IS THE CEO OF COPLEY VENTURES, INC.'S SOLE CORPORATE MEMBER, RUSH COPLEY MEDICAL CENTER, AND HAS THE NECESSARY AUTHORITY AND RESPONSIBILITY FOR THE ADMINISTRATION OF THE AFFAIRS OF COPLEY VENTURES, INC. ANY REPEAL OR AMENDMENTS TO THE BYLAWS OR THE ARTICLES OF INCORPORATION OF COPLEY VENTURES, INC. REQUIRES APPROVAL OF COPLEY VENTURES, INC.'S SOLE CORPORATE MEMBER, RUSH COPLEY MEDICAL CENTER. Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 TAX RETURN IS PREPARED BY OUR ORGANIZATION AND REVIEWED BY OUR EXTERNAL TAX ADVISOR. A DRAFT OF THE FORM 990 IS PROVIDED TO MANAGEMENT FOR REVIEW AND COMMENT. THE BOARD OF DIRECTORS IS PROVIDED WITH AN APPROVED COPY OF THE FORM 990 BEFORE IT IS FILED. Form 990, Part VI, Line 12c Conflict of interest policy ANNUALLY, BOARD MEMBERS, DIRECTORS, MANAGEMENT TEAM (ADMINISTRATION, DIRECTORS AND MANAGERS) AND OTHER KEY EMPLOYEES OF RUSH COPLEY MEDICAL CENTER AND SUBSIDIARIES ("RCMC") ARE REQUIRED TO SUBMIT A CONFLICT OF INTEREST DISCLOSURE STATEMENT TO DISCLOSE ANY PERSONAL OR BUSINESS INTERESTS THAT MAY GIVE RISE TO A CONFLICT WITH THE WORK THEY DO FOR RCMC. THE DISCLOSURES ARE SUBMITTED AND REVIEWED BY THE CORPORATE INTEGRITY OFFICER, WHO IS AN EMPLOYEE OF COPLEY MEMORIAL HOSPITAL BUT REPRESENTS RUSH COPLEY MEDICAL CENTER AND SUBSIDIARIES, AND A REPORT IS SUBMITTED TO THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS OF RCMC. THOSE KEY PERSONNEL WITH CONFLICTS ARE ADVISED TO RECUSE THEMSELVES FROM PARTICIPATING IN DECISION-MAKING RELATED TO THE CONFLICT. Form 990, Part VI, Line 19 Required documents available to the public FORM 990 IS AVAILABLE UPON REQUEST. THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS OR CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. COPIES OF THE FINANCIAL STATEMENTS (WHETHER OR NOT AUDITED) ARE PROVIDED UPON REASONABLE REQUEST SUCH AS FOR A BANK LOAN OR TO A BOND RATING AGENCY. Form 990, Part XII, Line 2a PART XII, LINE 2A & B ALTHOUGH THE ORGANIZATION DOES NOT RECEIVE STAND ALONE GAAP FINANCIAL STATEMENTS IT DOES RECEIVE ON AN ANNUAL BASIS FROM INDEPENDENT AUDITORS CONSOLIDATED ENTITY GAAP FINANCIAL STATEMENTS (AUDITED) FOR ITSELF AND ITS AFFILIATES. 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