2016-05-14T07:49:24-05:00 2015-06-30 861065772 Deloitte Tax LLP 111 South Wacker Drive Chicago IL 60606 990 2014-07-01 363370216 Copley Ventures Inc c/o Rush-Copley Medical Center COPL 6309786200 2000 Ogden Avenue Aurora IL 605044206 Brenda VanWyhe CFO CFO 6309786200 2016-05-13 1 Laura Gillespie P00855604 3124861000 2014 2016-08-17 19:52:53Z Barry Finn 2000 Ogden Avenue Aurora IL 605044206 12719357 0 X www.rushcopley.com X 1985 IL The mission of the medical center and the medical staff is to work together to serve your healthcare needs through excellence in education, technology and a caring touch. 3 0 225 0 10624 3027 0 0 6122612 6036833 434 2982932 -571502 -348748 5551544 8671017 0 0 0 0 2672691 2625937 0 0 0 4550144 4604046 7222835 7229983 -1671291 1441034 29949635 26029451 41780109 36418891 -11830474 -10389440 X The mission of the medical center and the medical staff is to work together to serve your healthcare needs through excellence in education, technology and a caring touch. 0 0 7229983 6026209 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 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. 7229983 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 5 0 1 225 1 1 1 0 0 0 0 0 0 0 0 0 0 X 3 0 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 IL X Brenda VanWyhe 6309786200 2000 Ogden Avenue Aurora IL 605044206 Barry Finn President & CEO/Director 1.00 42.00 X X 0 844572 423018 Brenda VanWyhe Sr. VP, Finance & CFO/Treasurer 1.00 42.00 X X 0 352920 70306 John Diederich Director 1.00 42.00 X 0 415264 132368 Ryan Asmus VP, General Counsel/Secretary 1.00 42.00 X 0 279915 64518 Lynn Scott Assistant Secretary 1.00 42.00 X 0 77142 14519 Ed Buda Executive Director/GM 40.00 X 0 127558 9393 Ron Johnson Director of Operations/Controller 40.00 X 0 106302 8324 0 2203673 722446 0 0 1 0 0 Healthplex Revenue 713940 5134838 5124214 10624 Affiliate Rental Rev. 531120 901995 901995 6036833 41 41 126150 474898 -348748 -348748 -348748 6556333 3573442 2982891 2982891 2982891 8671017 6026209 10624 2634184 2301163 2301163 324774 324774 62188 62188 253255 253255 2817449 2817449 517 517 342610 342610 500264 500264 10129 10129 Purchased Services 314611 314611 0 0 Bank Charges 116700 116700 0 0 Promo & Entertainment 11707 11707 0 0 Bad Debt 11032 11032 0 0 163584 163584 7229983 7229983 0 0 777234 970035 72568 49419 11305 13574 104404 414064 38213924 13631565 28984124 24582359 29949635 26029451 1146490 1289716 6460798 5678175 34172821 29451000 41780109 36418891 X -11830474 -10389440 0 -11830474 -10389440 29949635 26029451 1441034 0 X X 0 1 X 1 0 X Schedule A, Part I, 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. 17892550 17892550 17195857 10924965 6270892 3125517 2706600 418917 24582359 Due to Affiliates 29451000 29451000 X Part X, Line 2: The Internal Revenue Service has determined that the Corporation, the Hospital, Ventures and the Foundation are qualified as tax-exempt organizations under Internal Revenue Code Section 501(c)(3); accordingly, income taxes are not provided for in the accompanying consolidated financial statements. The Medical Group operates as a taxable corporation and accounts for income taxes under Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 740 (formerly, FASB Statement No. 109, Accounting for Income Taxes). No provision for income taxes was recorded for 2015 and 2014 due to operating losses. 0 1 0 0 0 0 0 0 0 Barry Finn President & CEO/Director 0 663885 0 165660 0 15027 0 387685 0 35333 0 1267590 0 0 Brenda VanWyhe Sr. VP, Finance & CFO/Treasurer 0 277807 0 67260 0 7853 0 46150 0 24156 0 423226 0 0 John Diederich Director 0 351494 0 54000 0 9770 0 98951 0 33417 0 547632 0 0 Ryan Asmus VP, General Counsel/Secretary 0 218688 0 53100 0 8127 0 34310 0 30208 0 344433 0 0 Part I, Line 3 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. Part I, Line 4b SERP PLAN of CMH (Accruals): Barry Finn $382,485, John Diederich $93,751, Brenda VanWyhe $40,950, and Ryan Asmus $29,810. Please note that these amounts are included in the amounts listed on Schedule J, Part II, Column C. 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. Any individual payouts would be included as reportable compensation on the recipient's annual W2 form. There were no 2014 payments made. Form 990, Part VI, Section A, line 2 Many of the persons listed on Part VII have a "business relationship" with each other by virtue of sitting on related Rush-Copley Medical Center entity boards. Form 990, Part VI, Section A, line 6 Rush-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 7a 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, Inc., at the annual meeting of the Governing Board of Rush Copley Medical Center, Inc. Form 990, Part VI, Section A, line 7b The 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 11 The 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 12c Annually, 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 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, Section C, line 19 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&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 financials statements (audited) for it and its affiliates. Rush Copley Healthplex LLC 1900 Ogden Avenue Aurora IL 605044206 363275998 Community Health and Fitness IL 5134838 26029451 Copley Ventures Inc Copley Memorial Hospital Inc 2000 Ogden Avenue Aurora IL 60504 362170840 Hospital IL Section 501(c)(3) Schedule A, Line 3 Rush Copley Medical Center Inc 1 Rush-Copley Foundation 2000 Ogden Avenue Aurora IL 60504 363093877 Grants Other Charitable Organizations IL Section 501(c)(3) Schedule A, Line 7 Rush Copley Medical Center Inc 1 Rush-Copley Medical Center Inc 2000 Ogden Avenue Aurora IL 60504 363193787 Parent Company IL Section 501(c)(3) Schedule A, Line 11a N/A 0 Rush Copley Health Care System Inc 2000 Ogden Avenue Aurora IL 60504 363584043 Bridge Board RCMC & RUMC IL Section 501(c)(3) Schedule A, Line 11a N/A 0 Rush University Medical Center 1700 West Van Buren Street Chicago IL 60612 362174823 Hospitals IL Section 501(c)(3) Schedule A, Line 3 N/A 0 Yorkville Physical Therapy & Sports Medicine Center LLC 2000 Ogden Avenue Aurora IL 60504 364236345 Physical Therapy & Sports Medicine IL N/A Rush Copley Cardiovascular Consultants LLC 2000 Ogden Avenue Aurora IL 60504 273234201 Cardiovascular Medicine IL N/A Rush Copley Medical Group NFP 2000 Ogden Avenue Aurora IL 60504 363235315 Physician Practices IL N/A C 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 Rush Copley Medical Group A 209797 FMV-rents Copley Memorial Hospital Inc A 692198 FMV-rents Copley Memorial Hospital Inc S 468000 FMV-Healthplex Membership