COPLEY VENTURES INC: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- COPLEY VENTURES INC (EIN 36-3370216)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-05-09
- IRS object ID
- 201301299349300815
- Schema version
- 2011v1.5
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-05-09T18:21:06-05:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 861065772 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Deloitte Tax LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 111 South Wacker Drive | AddressLine1 |
| City | Chicago | City |
| State | IL | State |
| ZIP Code | 60606 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 363370216 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Copley Ventures Inc | BusinessNameLine1 |
| Business Name Line2 | c/o Rush-Copley Medical Center | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | COPL | NameControl |
| Phone | 6309786200 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2000 Ogden Avenue | AddressLine1 |
| City | Aurora | City |
| State | IL | State |
| ZIP Code | 605044206 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Brenda VanWyhe | Name |
| Title | CFO | Title |
| Phone | 6309786200 | Phone |
| Date Signed | 2013-05-09 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Margaret Grinnell | Name |
| PTIN | P00538660 | PTIN |
| Phone | 3124861000 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Barry Finn | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2000 Ogden Avenue | AddressLine1 |
| City | Aurora | City |
| State | IL | State |
| ZIP Code | 605044206 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 6145714 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.rushcopley.com | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1985 | YearFormation |
| State Legal Domicile | IL | StateLegalDomicile |
| Activity Or Mission Description | 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. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 3 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 0 | NbrIndependentVotingMembers |
| Total Nbr Employees | 201 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 9051 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 1626 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 5861209 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 6065214 | ProgramServiceRevenueCY |
| Investment Income Prior Year | -2704 | InvestmentIncomePriorYear |
| Investment Income Current Year | 65 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | -1747761 | OtherRevenuePriorYear |
| Other Revenue Current Year | -667019 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 4110744 | TotalRevenuePriorYear |
| Total Revenue Current Year | 5398260 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 2513543 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 2519599 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 3916458 | OtherExpensePriorYear |
| Other Expenses Current Year | 4629328 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 6430001 | TotalExpensesPriorYear |
| Total Expenses Current Year | 7148927 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -2319257 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -1750667 | RevenuesLessExpensesCY |
| Total Assets BOY | 31782540 | TotalAssetsBOY |
| Total Assets EOY | 31368048 | TotalAssetsEOY |
| Total Liabilities BOY | 39080574 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 40416749 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | -7298034 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | -9048701 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | 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. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 6685897 | Expense |
| Revenue | 5389144 | Revenue |
| Description | Copley Ventures, Inc. ("CV") provides infirmary care for Illinois Math and Science Academy students. CV also 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 organizations. 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. | Description |
| Total Program Service Expense | 6685897 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 1 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 1 | RelatedOrgControlledEntity |
| Transaction Related Entity | 1 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 5 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 201 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 3 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 0 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | IL | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Brenda VanWyhe CFO | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 6309786200 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2000 Ogden Avenue | AddressLine1 |
| City | Aurora | City |
| State | IL | State |
| ZIP Code | 605044206 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | X | InfoInScheduleOPartVII |
Form990 Part VII Section A Form990PartVIISectionA (6 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| John Diederich | |||||||
| Director | 1.00 | X | 0 | 465776 | 159760 | ||
| Barry Finn | |||||||
| President & CEO/Director | 1.00 | X | 0 | 1463800 | 373282 | X | |
| Brenda VanWyhe | |||||||
| Sr. VP, Finance & CFO/Dire | 1.00 | X | 0 | 320176 | 73383 | X | |
| Lynn Scott | |||||||
| Assistant Secretary | 1.00 | 0 | 71874 | 18141 | X | ||
| Ryan Asmus | |||||||
| VP, General Counsel/Secretary | 1.00 | 0 | 258280 | 67895 | X | ||
| Ed Buda | |||||||
| Executive Director/GM | 40.00 | 137135 | 0 | 6413 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 137135 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 2579906 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 698874 | TotalOtherCompensation |
| Number Individuals GT100 K | 1 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| Healthplex Revenue | 713940 | 5039398 | 5030347 | 9051 |
| Affiliated Rental Rev. | 531120 | 876362 | 876362 | |
| Health Services | 900099 | 149454 | 149454 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 6065214 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 65 | TotalRevenueColumn |
| Exclusion | $65 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 80435 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 747454 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -667019 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -667019 | TotalRevenueColumn |
| Related Or Exempt Function Income | -667019 | RelatedOrExemptFunctionIncome |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 5398260 | TotalRevenueColumn |
| Related Or Exempt Function Income | 5389144 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 9051 | UnrelatedBusinessRevenue |
| Exclusion | $65 | ExclusionAmount |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2237603 | Total |
| Program Services | 2237603 | ProgramServices |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 281996 | Total |
| Program Services | 281996 | ProgramServices |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 96127 | Total |
| Program Services | 96127 | ProgramServices |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 245697 | Total |
| Program Services | 245697 | ProgramServices |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2515907 | Total |
| Program Services | 2515907 | ProgramServices |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 463030 | Total |
| Management And General | 463030 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 671642 | Total |
| Program Services | 671642 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 49353 | Total |
| Program Services | 49353 | ProgramServices |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices |
|---|---|---|
| Purchased Services | 338435 | 338435 |
| Bank Charges | 100607 | 100607 |
| Promo & Entertainment | 12372 | 12372 |
| Bad Debt | 10780 | 10780 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 125378 | Total |
| Program Services | 125378 | ProgramServices |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7148927 | Total |
| Program Services | 6685897 | ProgramServices |
| Management And General | 463030 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 179386 | BOY |
| EOY | 241300 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16813 | BOY |
| EOY | 14136 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 77023 | BOY |
| EOY | 211709 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 46315590 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 15414687 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 31509318 | BOY |
| EOY | 30900903 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 31782540 | BOY |
| EOY | 31368048 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 723202 | BOY |
| EOY | 949949 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8575816 | BOY |
| EOY | 7910462 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 29781556 | BOY |
| EOY | 31556338 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 39080574 | BOY |
| EOY | 40416749 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -7298034 | BOY |
| EOY | -9048701 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -7298034 | BOY |
| EOY | -9048701 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 31782540 | BOY |
| EOY | 31368048 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | -1750667 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Hospital170b1 Aiii | X | Hospital170b1Aiii |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 18916902 | OtherCostOrOtherBasis |
| Book Value | 18916902 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 24723260 | OtherCostOrOtherBasis |
| Depreciation | 12859613 | Depreciation |
| Book Value | 11863647 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2675428 | OtherCostOrOtherBasis |
| Depreciation | 2555074 | Depreciation |
| Book Value | 120354 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 30900903 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| Due to Affiliates | $25,096,049 |
| Deferred Financing Obligation | $6,460,289 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 31556338 | TotalOfAmounts |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 1 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (4 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| John Diederich | |||||||||||||
| 0 | 293278 | 0 | 146700 | 0 | 25798 | 0 | 125949 | 0 | 33811 | 0 | 625536 | 0 | 0 |
| Barry Finn | |||||||||||||
| 0 | 563803 | 0 | 810624 | 0 | 89373 | 0 | 332445 | 0 | 40837 | 0 | 1837082 | 0 | 0 |
| Brenda VanWyhe | |||||||||||||
| 0 | 219498 | 0 | 94275 | 0 | 6403 | 0 | 49870 | 0 | 23513 | 0 | 393559 | 0 | 0 |
| Ryan Asmus | |||||||||||||
| 0 | 164243 | 0 | 86190 | 0 | 7847 | 0 | 35024 | 0 | 32871 | 0 | 326175 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (3 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| Part I, Line 3 | 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 - Written employment contract - Compensation survey or study - Approval by the board or compensation committee. | |
| Part I, Line 4b | SERP Plan of CMH: Barry Finn accrued $318,499, Brenda VanWyhe accrued $37,323 and Ryan Asmus accrued $27,620. 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 payouts in 2011. | |
| Part III | Part II, Column (B)(ii), Barry Finn Bonus & incentive compensation: A portion of this bonus payment was for performance provided over a five year time period, which was equivalent to $100,000 a year. | Supplemental Information |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (10 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| 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 is 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 990 tax return 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. | |
| Part VII, Section A: | 40 hours per week devoted to related organization (Copley Memorial Hospital)-Barry Finn, Brenda VanWyhe, Ryan Asmus, Lynn Scott, John Diederich. 1 hour per week devoted to related organization (Rush Copley Medical Center)-Barry Finn, Brenda VanWyhe, Ryan Asmus, Lynn Scott. 1 hour per week devoted to related organization (Rush Copley Foundation)-Barry Finn, Brenda VanWyhe, Ryan Asmus. | Explanation of hours worked for related organization: |
| Form 990, Part XII, Line 2: | 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. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Rush Copley Healthplex LLC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1900 Ogden Avenue | AddressLine1 |
| City | Aurora | City |
| State | IL | State |
| ZIP Code | 605044206 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 363275998 | EIN |
| Primary Activities | Community Health and Fitness | PrimaryActivities |
| Legal Domicile State | IL | LegalDomicileState |
| Total Income | 5039398 | TotalIncome |
| EOY Assets | 11517432 | EOYAssets |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Copley Ventures Inc | BusinessNameLine1 |
Form990 Schedule R Part II Form990ScheduleRPartII (5 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Controlled OrgControlledOrg | Direct Controlling Entity NADirectControllingEntityNA |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Copley Memorial Hospital Inc | |||||||||||
| 2000 Ogden Avenue | Aurora | IL | 60504 | 362170840 | Hospital | IL | 501(c)(3) | 3 | Rush Copley Medical Center Inc | 1 | |
| Rush-Copley Foundation | |||||||||||
| 2000 Ogden Avenue | Aurora | IL | 60504 | 363093877 | Grants Other Charitable Organizations | IL | 501(c)(3) | 7 | Rush Copley Medical Center Inc | 1 | |
| Rush-Copley Medical Center Inc | |||||||||||
| 2000 Ogden Avenue | Aurora | IL | 60504 | 363193787 | Parent Company | IL | 501(c)(3) | 11 | 0 | N/A | |
| Rush Copley Health Care System Inc | |||||||||||
| 2000 Ogden Avenue | Aurora | IL | 60504 | 363584043 | Bridge Board RCMC & RUMC | IL | 501(c)(3) | 11 | 0 | N/A | |
| Rush University Medical Center | |||||||||||
| 1700 West Van Buren Street | Chicago | IL | 60612 | 362174823 | Hospitals | IL | 501(c)(3) | 3 | 0 | N/A | |
Form990 Schedule R Part III Form990ScheduleRPartIII (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivityPrimaryActivity | Legal Domicile StateLegalDomicileState | Direct Controlling Entity NADirectControllingEntityNA |
|---|---|---|---|---|---|---|---|
| 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 |
Form990 Schedule R Part IV Form990ScheduleRPartIV
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Rush Copley Medical Group NFP | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2000 Ogden Avenue | AddressLine1 |
| City | Aurora | City |
| State | IL | State |
| ZIP Code | 60504 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 363235315 | EIN |
| Primary Activity | Physician Practices | PrimaryActivity |
| Legal Domicile State | IL | LegalDomicileState |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
| Type Of Entity | C | TypeOfEntity |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 1 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 1 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (3 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| Rush Copley Medical Group NFP | ||
| A | 241398 | FMV-Rents |
| Copley Memorial Hospital Inc | ||
| A | 569325 | FMV-Rents |
| Copley Memorial Hospital Inc | ||
| R | 468000 | FMV-Healthplex Membership |