FURP.ORG / PUBLIC DATA EXPLORER

COPLEY VENTURES INC: Form 990, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
COPLEY VENTURES INC (EIN 36-3370216)
Tax period
2019-07-01 to 2020-06-30
Filed
2021-05-17
IRS object ID
202141379349305984
Schema version
2019v5.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2021-05-17T14:41:28-05:00ReturnTs
Tax Period End2020-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN861065772PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1DELOITTE TAX LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line150 S 6TH ST SUITE 2800AddressLine1Txt
CityMINNEAPOLISCityNm
State AbbreviationMNStateAbbreviationCd
ZIP554021844ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2019-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN363370216EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1COPLEY VENTURES INCBusinessNameLine1Txt
Business Name Line2C/O RUSH COPLEY MEDICAL CENTERBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlCOPLBusinessNameControlTxt
Phone6309786200PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12000 OGDEN AVENUEAddressLine1Txt
CityAURORACityNm
State AbbreviationILStateAbbreviationCd
ZIP605044206ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonBRENDA VAN WYHE CFOPersonNm
Person TitleCFOPersonTitleTxt
Phone6309786200PhoneNum
Signature2021-05-17SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKRISTINA RASMUSSENPreparerPersonNm
PTINP00143920PTIN
Phone6123974000PhoneNum
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerJOHN DIEDERICHPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line12000 OGDEN AVENUEAddressLine1Txt
CityAURORACityNm
State AbbreviationILStateAbbreviationCd
ZIP605044206ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$4,682,241GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.RUSHCOPLEY.COMWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1985FormationYr
Legal Domicile StateILLegalDomicileStateCd
Activity Or MissionTO IMPROVE THE HEALTH OF THE INDIVIDUALS AND DIVERSE COMMUNITIES WE SERVE.ActivityOrMissionDesc
Voting Members Governing Body2VotingMembersGoverningBodyCnt
Voting Members Independent0VotingMembersIndependentCnt
Total Employee200TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$3,643TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$5,784,263PYProgramServiceRevenueAmt
CY Program Service Revenue$4,565,422CYProgramServiceRevenueAmt
PY Investment Income$40PYInvestmentIncomeAmt
CY Investment Income$36CYInvestmentIncomeAmt
PY Other Revenue-$195,294PYOtherRevenueAmt
CY Other Revenue-$152,892CYOtherRevenueAmt
PY Total Revenue$5,589,009PYTotalRevenueAmt
CY Total Revenue$4,412,566CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$2,261,363PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$1,954,278CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$4,040,747PYOtherExpensesAmt
CY Other Expenses$3,470,152CYOtherExpensesAmt
PY Total Expenses$6,302,110PYTotalExpensesAmt
CY Total Expenses$5,424,430CYTotalExpensesAmt
PY Revenues Less Expenses-$713,101PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$1,011,864CYRevenuesLessExpensesAmt
Total Assets BOY$29,053,584TotalAssetsBOYAmt
Total Assets EOY$34,208,193TotalAssetsEOYAmt
Total Liabilities BOY$42,151,885TotalLiabilitiesBOYAmt
Total Liabilities EOY$48,318,358TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY-$13,098,301NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY-$14,110,165NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTO IMPROVE THE HEALTH OF THE INDIVIDUALS AND DIVERSE COMMUNITIES WE SERVE THROUGH THE INTEGRATION OF OUTSTANDING PATIENT CARE, EDUCATION, RESEARCH AND COMMUNITY PARTNERSHIPS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$5,424,430ExpenseAmt
Revenue$4,561,779RevenueAmt
DescCOPLEY 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 NATIONALLY RECOGNIZED, 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: CHILDBIRTH AND PARENTING CLASSES, INCLUDING NUTRITION & EXERCISE DURING PREGNANCY, ARE PROVIDED TO EDUCATE THE COMMUNITY AND MAKE THEM AWARE OF OTHER SERVICES PROVIDED BY THE RUSH COPLEY MEDICAL CENTER, INC. AND AFFILIATED ORGANIZATION.WELLNESS PROGRAMS ENCOURAGE PARTICIPANTS TO IMPROVE THEIR HEALTH THROUGH EDUCATION AND ACTIVITIES. RECENT OFFERINGS INCLUDE: CPR, ARTHRITIS FOUNDATION AQUATIC PROGRAM, FIBROMYALGIA, AQUA MULTIPLE SCLEROSIS WATER EXERCISES, SENIOR CITIZENS GOLDEN HEART CLUB, 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, YOUTH FITNESS ASSESSMENTS, AND KIDS POWER.Desc
Total Program Service Expenses$5,424,430TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded EntityYes (1)DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control EntYes (1)TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document5IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee200EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members2GoverningBodyVotingMembersCnt
Independent Voting Member0IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy0ConflictOfInterestPolicyInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldILStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BRENDA VAN WYHEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6309786200PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12000 OGDEN AVENUEAddressLine1Txt
CityAURORACityNm
State AbbreviationILStateAbbreviationCd
ZIP605044206ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (6 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
JOHN DIEDERICH
PRESIDENT & CEO (BEG 11/19)/DIRECTOR1.0042.00Yes (X)Yes (X)$0$474,489$71,940
BARRY FINN
PRESIDENT & CEO/DIRECTOR (END 11/19)1.0043.00Yes (X)Yes (X)$0$1,399,755$72,094
BRENDA VAN WYHE
SR. VP FINANCE & CFO/TREASURER1.0042.00Yes (X)Yes (X)$0$389,525$51,718
RYAN ASMUS
VP, GENERAL COUNSEL/SECRETARY1.0042.00Yes (X)$0$308,072$74,239
RON JOHNSON
DIRECTOR OF OPS/CONTROLLER40.001.00$0$119,151$36,016Yes (X)
JEFFREY NEUMAN
HEAD TENNIS PROFESSIONAL30.000.00$105,566$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$105,566TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$2,690,992TotReportableCompRltdOrgAmt
Total Other Compensation$306,007TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (2 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
IMAGE ONE FACILITY SOLUTIONS
3601 ALGONQUIN RD STE 100ROLLING MEADOWSIL60008HOUSEKEEPING SERVICES$254,000
EDWARDS ENGINEERING
1000 TOUY AVEELK GROVE VILLAGEIL60007ENGINEERING$122,878
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K2CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
HEALTHPLEX REVENUE713940$3,187,346$3,183,703$3,643
AFFILIATE RENTAL REV.531120$1,378,076$1,378,076
FieldValueIRS element (for citing)
Total Program Service Revenue$4,565,422TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$36TotalRevenueColumnAmt
Exclusion$36ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$116,783RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$269,675RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real-$152,892RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column-$152,892TotalRevenueColumnAmt
Exclusion-$152,892ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,412,566TotalRevenueColumnAmt
Related Or Exempt Func Income$4,561,779RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$3,643UnrelatedBusinessRevenueAmt
Exclusion-$152,856ExclusionAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,718,389TotalAmt
Program Services$1,718,389ProgramServicesAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$235,889TotalAmt
Program Services$235,889ProgramServicesAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$1,504TotalAmt
Program Services$1,504ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$155,381TotalAmt
Program Services$155,381ProgramServicesAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$2,095,788TotalAmt
Program Services$2,095,788ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$3,838TotalAmt
Program Services$3,838ProgramServicesAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$69,515TotalAmt
Program Services$69,515ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$542,218TotalAmt
Program Services$542,218ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$40,000TotalAmt
Program Services$40,000ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
PURCHASED SERVICES$408,862$408,862
OTHER OPERATING EXPENSE$77,941$77,941
BANK CHARGES$74,660$74,660
EMPLOYEE RELATIONS$445$445

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$5,424,430TotalAmt
Program Services$5,424,430ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$60,730BOYAmt
EOY$39,878EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$50,003BOYAmt
EOY$50,002EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$98,773BOYAmt
EOY-$28,055EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$7,846BOYAmt
EOY$5,894EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$5,717,738BOYAmt
EOY$10,024,146EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$39,279,424LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$16,919,511LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$23,118,494BOYAmt
EOY$22,359,913EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$1,756,415EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$29,053,584BOYAmt
EOY$34,208,193EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$930,926BOYAmt
EOY$1,606,624EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$2,005,639BOYAmt
EOY$981,291EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$39,215,320BOYAmt
EOY$45,730,443EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$42,151,885BOYAmt
EOY$48,318,358EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY-$13,098,301BOYAmt
EOY-$14,110,165EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY-$13,098,301BOYAmt
EOY-$14,110,165EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$29,053,584BOYAmt
EOY$34,208,193EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$1,011,864ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
HospitalYes (X)HospitalInd

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferenceSECTION A, PART I, PUBLIC CHARITY STATUS:FormAndLineReferenceDesc
ExplanationCOPLEY 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.ExplanationTxt

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$8,796,177OtherCostOrOtherBasisAmt
Book Value$8,796,177BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$15,528,962OtherCostOrOtherBasisAmt
Depreciation$7,691,040DepreciationAmt
Book Value$7,837,922BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$3,176,236OtherCostOrOtherBasisAmt
Depreciation$2,106,438DepreciationAmt
Book Value$1,069,798BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$2,076,956OtherCostOrOtherBasisAmt
Depreciation$1,838,679DepreciationAmt
Book Value$238,277BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$9,701,093OtherCostOrOtherBasisAmt
Depreciation$5,283,354DepreciationAmt
Book Value$4,417,739BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$22,359,913TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp

FieldValueIRS element (for citing)
DescRIGHT OF USE ASSETDesc
Book Value$1,756,415BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Other Assets$1,756,415TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
DUE TO AFFILIATES$44,697,743
LONG TERM DEFERRED RENT OBLIGATION$1,032,700
FieldValueIRS element (for citing)
Total Liability$45,730,443TotalLiabilityAmt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance PaymentYes (1)SeverancePaymentInd
Supplemental Nonqual Rtr PlanYes (1)SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (5 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
JOHN DIEDERICH
PRESIDENT & CEO (BEG 11/19)/DIRECTOR$0$472,077$0$0$0$2,412$0$40,200$0$31,740$0$546,429$0$0
BARRY FINN
PRESIDENT & CEO/DIRECTOR (END 11/19)$0$697,817$0$0$0$701,938$0$43,000$0$29,094$0$1,471,849$0$0
BRENDA VAN WYHE
SR. VP FINANCE & CFO/TREASURER$0$384,495$0$0$0$5,030$0$27,750$0$23,968$0$441,243$0$0
RYAN ASMUS
VP, GENERAL COUNSEL/SECRETARY$0$304,037$0$0$0$4,035$0$44,000$0$30,239$0$382,311$0$0
RON JOHNSON
DIRECTOR OF OPS/CONTROLLER$0$109,574$0$3,300$0$6,277$0$25,000$0$11,016$0$155,167$0$0

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 3COPLEY 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.
PART I, LINE 4A:BARRY FINN RECEIVED A SEVERANCE PAYMENT OF $39,220 IN 2019.
PART I, LINE 4B:CMH OFFERS A SUPPLEMENTAL RETIREMENT 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 SUBSTANTIAL RISK OF FORFEITURE UNTIL INDIVIDUALS MEET THE REQUIRED VESTING PERIOD. ONCE VESTED, PAYOUTS WOULD BE INCLUDED AS REPORTABLE COMPENSATION ON THE RECIPIENTS ANNUAL FORM W-2. BARRY FINN RECEIVED PAYMENTS IN 2019 OF $618,988.
PART III:VOLUNTARY LEADERSHIP PAY REDUCTIONS IN AN EFFORT TO PRESERVE RUSH'S FINANCIAL VIABILITY AMID THE UNPARALLELED FINANCIAL CHALLENGES RESULTING FROM THE SIGNIFICANT REDUCTION OF NON-EMERGENT SURGERY AND THE COSTS OF HANDLING THE COVID-19 PANDEMIC, RUSH TOOK A MEASURED AND BALANCED APPROACH IN IMPLEMENTING COST CONTAINMENT INITIATIVES AND SOLUTIONS ACROSS THE SYSTEM. IN APRIL OF 2020, SOME OF THE LEADERSHIP OF THE RUSH COPLEY MEDICAL CENTER TOOK VOLUNTARY PAY REDUCTIONS.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 2MANY 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.
FORM 990, PART VI, SECTION A, LINE 6RUSH COPLEY MEDICAL CENTER, INC. ("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, SECTION A, LINE 7ACOPLEY VENTURES, INC.'S BOARD OF DIRECTORS ARE ELECTED BY THE GOVERNING BOARD OF COPLEY VENTURES, INC.'S SOLE CORPORATE MEMBER, RUSH COPLEY MEDICAL CENTER, INC., AT THE ANNUAL MEETING OF THE GOVERNING BOARD OF RUSH COPLEY MEDICAL CENTER, INC.
FORM 990, PART VI, SECTION A, LINE 7BTHE PRESIDENT OF COPLEY VENTURES, INC. IS THE CEO OF COPLEY VENTURES, INC.'S SOLE CORPORATE MEMBER, RUSH COPLEY MEDICAL CENTER, INC., 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, INC.
FORM 990, PART VI, SECTION B, LINE 11BTHE FORM 990 IS PREPARED BY OUR EXTERNAL TAX ADVISOR WITH DATA PROVIDED BY OUR ORGANIZATION. 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, SECTION B, LINE 12ANNUALLY, OFFICERS AND DIRECTORS OF COPLEY VENTURES ARE REQUIRED TO DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICTS. THE CONFLICT OF INTEREST STATEMENTS ARE SUBMITTED AND REVIEWED BY THE CHIEF COMPLIANCE OFFICER AND THE AUDIT AND CORPORATE INTEGRITY COMMITTEE OF THE BOARD. THOSE KEY PERSONNEL WITH CONFLICTS ARE ADVISED TO RECUSE THEMSELVES FROM PARTICIPATING IN DECISION MAKING RELATED TO THE CONFLICT.
FORM 990, PART VI, SECTION B, LINE 15THE 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, SECTION C, LINE 19FORM 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&BALTHOUGH 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.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1RUSH COPLEY HEALTHPLEX LLCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11900 OGDEN AVENUEAddressLine1Txt
CityAURORACityNm
State AbbreviationILStateAbbreviationCd
ZIP60504ZIPCd
FieldValueIRS element (for citing)
EIN363275998EIN
Primary ActivitiesCOMMUNITY HEALTH AND FITNESSPrimaryActivitiesTxt
Legal Domicile StateILLegalDomicileStateCd
Total Income-$570,447TotalIncomeAmt
End Of Year Assets$9,874,012EndOfYearAssetsAmt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1COPLEY VENTURES INCBusinessNameLine1Txt

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (8 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtControlled OrganizationControlledOrganizationIndDirect Controlling NADirectControllingNACd
COPLEY MEMORIAL HOSPITAL
2000 OGDEN AVENUEAURORAIL60504362170840HOSPITALIL501(C)(3)LINE 3RUSH COPLEY MEDICAL CENTER INCYes (1)
RUSH COPLEY MEDICAL CENTER INC
2000 OGDEN AVENUEAURORAIL60504363193787PARENT COMPANYIL501(C)(3)LINE 12ARUSH SYSTEM FOR HEALTHYes (1)
RUSH COPLEY FOUNDATION
2000 OGDEN AVENUEAURORAIL60504363093877GRANTS OTHER CHARITABLE ORGANIZATIONSIL501(C)(3)LINE 7RUSH COPLEY MEDICAL CENTER INCYes (1)
RUSH UNIVERSITY MEDICAL CENTER
1700 WEST VAN BUREN STREETCHICAGOIL60612362174823HEALTHCAREIL501(C)(3)LINE 3RUSH SYSTEM FOR HEALTHYes (1)
RUSH SYSTEM FOR HEALTH
1725 W HARRISON STREETCHICAGOIL60612364046278HEALTHCAREIL501(C)(3)LINE 12A0N/A
RUSH OAK PARK HOSPITAL INC
520 S MAPLE AVENUEOAK PARKIL60304362183812HEALTHCAREIL501(C)(3)LINE 3RUSH UNIVERSITY MEDICAL CENTERYes (1)
AMENDED & RESTATED GENERAL MALPRACTICE & WORKER'S COMP
1700 WEST VAN BUREN STREETCHICAGOIL60612366673233HEALTHCARE INSURANCEIL501(C)(3)LINE 12CRUSH COPLEY MEDICAL CENTER INCYes (1)
AUXILIARY OF RUSH OAK PARK HOSPITAL
520 S MAPLE AVENUECHICAGOIL60304362255350HOSPITAL SUPPORTIL501(C)(3)LINE 12ARUSH OAK PARK HOSPITALYes (1)

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (6 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdDirect Controlling NADirectControllingNACd
CIRCLE IMAGING PARTNERS LP
1725 W HARRISON STREETCHICAGOID60612363539382OPERATION IMAGINGILN/A
RUSH COPLEY CARDIOVASCULAR CONSULTANTS LLC
2000 OGDEN AVENUEAURORAIL60504273234201CARDIOVASCULAR MEDICINEILN/A
RUSH SURGICENTER AT THE PROFESSIONAL BUILDING LP
1725 W HARRISON STREETCHICAGOIL60612363853026SURGERY CENTERILN/A
RUSH COPLEY HOSPITALISTS LLC
2000 OGDEN AVENUEAURORAIL60504611787188MEDICAL SERVICESILN/A
RUSH COPLEY ORTHOPEDICS LLC
2000 OGDEN AVENUEAURORAIL60504611801175MEDICAL SERVICESILN/A
RUSH COPLEY SURGICENTER LLC
2000 OGDEN AVENUEAURORAIL60504384012268MEDICAL SERVICESILN/A

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (4 entries)

Address Line1ForeignAddress/AddressLine1TxtCityForeignAddress/CityNmCountryForeignAddress/CountryCdPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile Foreign CountryLegalDomicileForeignCountryCdDirect Controlling NADirectControllingNACdEntity TypeEntityTypeTxtControlled OrganizationControlledOrganizationIndAddress Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINLegal Domicile StateLegalDomicileStateCd
RUSH UNIVERSITY MEDICAL CENTER INSURANCE CO LTD
PO BOX 1051GRAND CAYMANCJINSURANCECJN/ACYes (1)
RUSH COPLEY MEDICAL GROUP NFP
PHYSICIAN PRACTICESN/ACYes (1)2000 OGDEN AVENUEAURORAIL60504363235315IL
ROOM FIVE HUNDRED
DINING ROOMN/ACYes (1)1725 W HARRISON STREETCHICAGOIL60612237139832IL
RUSH UNIVERSITY MEDICAL CENTER MASTER RETIREMENT TRUST
PENSION TRUSTN/ATYes (1)1700 W VAN BUREN STREETCHICAGOIL60612912043520IL
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsYes (1)ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgYes (1)LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgYes (1)LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth OrgYes (1)RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgYes (1)PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (3 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
RUSH COPLEY MEDICAL GROUP
A$240,523FMV - RENTS
COPLEY MEMORIAL HOSPITAL INC
L$570,000FMV - HEALTHPLEX MEMBERSHIPS
COPLEY MEMORIAL HOSPITAL INC
A$1,135,847FMV - RENTS