2011-08-14T16:26:45-04:00 2010-09-30 ERNST & YOUNG US LLP 75 BEATTIE PLACE SUITE 800 GREENVILLE SC 29601 990 2009-10-01 050490997 CARE NEW ENGLAND HEALTH SYSTEM CARE 4012741122 45 WILLARD AVENUE PROVIDENCE RI 02905 J Sutherland 2011-08-11 8642425740 2009 2016-02-24 21:20:13Z JOHN M SUTHERLAND III 45 WILLARD AVENUE - 3RD FLOOR PROVIDENCE RI 02905 41000131 false X WWW.CARENEWENGLAND.ORG X 1996 RI Care New England is devoted to continually improving the health and well-being of the people and communities we serve. 27 17 197 0 0 0 0 39026186 39805640 1014962 1176729 21952 17762 40063100 41000131 0 0 0 0 23768000 24134223 0 0 0 15193696 15628455 38961696 39762678 1101404 1237453 96878448 95033482 103477577 105634998 -6599129 -10601516 Care New England is devoted to continually improving the health and well-being of the people and communities we serve. See Attachment 2 for CNE vision statement. false false 36944393 39042939 Care New England Health System is the holding company of an integrated healthcare delivery network which consists of Butler Hospital, Kent County Memorial Hospital, Women and Infants Hospital, Women and Infants Corporation, Kent County Visiting Nurse Association D/B/A VNA of Care New England, and their subsidiaries and affiliates. Care new England Health System provides management services which includes strategic planning, investment management, capital financing for the group, legal, purchasing, information technology, and compliance/internal audit. 1311842 780465 Care New England Wellness Center: Programs and clinical services are based on a model of medical integration with a team approach, incorporating nutrition counseling, fitness, health education and stress management. As a compliment to conventional medical treatment, integrative therapies are offered. 38256235 true false false true false false false false false true false true false false false false false false false false false false false true true false false false false false false false false false true false false false false true true true false false true 144 0 true 197 true false false false false false false false false false false 27 17 true false false false false true false true true false false true true true true true true true true true true X CARLEEN P SMITH 4012741122 300 RICHMOND STREET PROVIDENCE RI 02903 JOHN J HYNES ESQ 60.0 X X 0 1282943 270700 PATRICIA R RECUPERO MD 60.0 X X 0 826086 289694 SANDRA L COLETTA 60.0 X X 0 553197 49188 CONSTANCE A HOWES 60.0 X X 0 710439 145996 STEVEN A RASMUSSEN MD 60.0 X 0 484222 81551 TERRENCE F CAHILL MD 1.0 X 0 11200 0 JOANNA M CAIN MD 1.0 X 0 568582 11937 THOMAS J CELONA 1.0 X 0 0 0 EARL D CHAMBERS 1.0 X 0 0 0 ALLEN H CICCHITELLI 1.0 X 0 0 0 EDWARD J COONEY 1.0 X X 0 0 0 ROBERT E DEBLOIS 5.0 X X 0 0 0 ANDREW M ERICKSON 1.0 X 0 0 0 JONATHON K FARNUM 1.0 X 0 0 0 MARGARET D FARRELL 1.0 X 0 0 0 PHYLLIS C FIELD 1.0 X 0 0 0 MICHAEL FIORI MD 1.0 X 0 0 0 ROBERT G FLANDERS 1.0 X 0 0 0 DIANE T GOLOMB MD 1.0 X 0 0 0 BENJAMIN P HARRIS III 1.0 X 0 0 0 DEAN T HOLT 1.0 X 0 0 0 JAMES A HOPKINS 1.0 X 0 0 0 JOHN H HOWLAND 1.0 X 0 0 0 DOUGLAS JACOBS 1.0 X 0 0 0 KATHERINE MCKENZIE 1.0 X 0 0 0 CHARLES R REPPUCCI 1.0 X X 0 0 0 GEORGE W SHUSTER 1.0 X 0 0 0 JOHN M SUTHERLAND III 60.0 X 0 571356 130421 THOMAS R COURAGE ESQ 60.0 X 0 610467 106638 ALYSSA BOSS 60.0 X 0 239995 54475 GAIL COSTA 60.0 X 0 384161 106166 MARILYN WALSH 60.0 X 0 411920 118755 MAYBELLE KERNAN 60.0 X 0 430505 94881 DOMENIC DELMONICO 60.0 X 0 440894 83893 PATRICIA DEVANEY 60.0 X 200599 0 55050 THOMAS GARDNER 60.0 X 240543 0 81012 RALPH HANSELMAN 60.0 X 217383 0 62791 CARLEEN SMITH 50.0 X 252475 0 89656 CEDRIC PRIEBE III MD 60.0 X 397816 0 83967 DONALD COUSTAN MD X 0 394314 10467 DAVID LOWE X 0 168846 0 1308816 8089127 1927238 28 true true false ERNST YOUNG LLP PO Box 827006 PHILADELPHIA PA 19182 AUDITING 406950 HINCKLEY ALLEN SNYDER LLP 50 Kennedy Plaza Ste 1500 PROVIDENCE RI 02903 LEGAL 275528 NOVILLE TECH 21709 Connemara NORTHVILLE MI 48167 CONSULTING 197072 TOWERS WATSON PO Box 277665 ATLANTA GA 30384 CONSULTING 171232 HURON CONSULTING GROUP LLC 8044 Solutions Center CHICAGO IL 60677 CONSULTING 125000 6 0 MANAGEMENT REVENUE 541610 39025175 39025175 PROGRAM FEE REVENUE 541519 780465 780465 39805640 1087313 1087313 2 2 0 89414 89414 89414 89414 0 0 0 Rebates 900099 16531 16531 Discounts 900099 1231 1231 17762 41000131 39823404 1176727 0 0 0 0 0 0 19870324 19870324 279461 279461 2984297 2984297 1000141 1000141 0 557243 557243 407289 407289 211970 211970 0 0 4248060 4248060 95026 95026 231583 41448 190135 7717169 7717169 0 1122349 1122349 50975 50975 0 0 9142 9142 0 387292 387292 51073 51073 POSTAGE 53218 53218 DUES/SUBSCRIPT/PRINTING/PUBS 52778 52778 EDUCATION & TRAINING 40369 40369 COMMUNITY BENEFIT 12000 12000 PROPERTY TAX 3364 3364 377555 133311 244244 39762678 38256235 1506443 0 3039880 5001310 406362 209647 1102658 1736972 7316741 4518321 3098576 2798420 1122828 2006651 8658064 7547163 79450080 75733319 96878448 95033482 6923135 7895147 78035000 74500000 18519442 23239851 103477577 105634998 X -6599129 -10601516 -6599129 -10601516 96878448 95033482 X false true true X false X X false false false WOMEN & INFANTS CORPORATION 050258937 03 true true true 0 BUTLER HOSPITAL 050258812 03 true true true 0 KENT COUNTY MEMORIAL HOSPITAL 050258896 03 true true true 0 KENT COUNTY VISITING NURSE ASSOCIATION 050242659 03 true true true 0 4 0 WOMEN & INFANTS' CORPORATION 05-0258937 $3,627,000 BUTLER HOSPITAL 05-0258812 $450,415 KENT COUNTY MEMORIAL HOSPITAL 05-0258896 $2,884,254 X 211970 309255 211970 309255 39550708 822435792 39762678 822745047 1000000 1000000 250000 250000 0 59255 0 0 false 1000000 1000000 1000000 1000000 4000000 6000000 156595 130304 160304 211970 659173 156595 130304 160304 211970 659173 988760 250000 250000 250000 250000 1000000 516454 427325 89129 2057799 1791588 266211 4742488 2299408 2443080 2798420 AUCTION RATE SECURITIES 7547163 F 7547163 Due from Affiliates 75456682 Deferred Financing costs 276637 75733319 0 Due to Affiliates 963436 Self Insurance Reserve 9489352 Net Pension Liability 2315354 Deferred Compensation 490021 Swap Liability 9816848 Current Pension Liability 164840 23239851 FIN 48/ASC 740 SCHEDULE D, PART X, LINE 2 Care New England Health System's (CNE's) financial statements do not contain footnote disclosure related to liability for uncertain tax positions under FIN 48/ASC 740. CNE completed an assessment of the estimated liability for uncertain tax positions at September 30, 2010 and concluded that the estimated liability was not material to CNE's financial statements. X true true X X X X X false true false false false true true true false JOHN J HYNES ESQ 0 750269 0 438583 0 94091 0 259940 0 10760 0 1553643 0 163583 PATRICIA R RECUPERO MD 0 401962 0 402101 0 22023 0 266704 0 22990 0 1115780 0 256851 SANDRA L COLETTA 0 374325 0 124000 0 54872 0 47625 0 1563 0 602385 0 0 CONSTANCE A HOWES 0 482357 0 194976 0 33106 0 139642 0 6354 0 856435 0 34976 JOHN M SUTHERLAND III 0 388800 0 148277 0 34279 0 118991 0 11430 0 701777 0 26480 THOMAS R COURAGE ESQ 0 298120 0 271125 0 41222 0 95947 0 10691 0 717105 0 175315 ALYSSA BOSS 0 177678 0 52217 0 10100 0 45427 0 9048 0 294470 0 0 STEVEN A RASMUSSEN MD 0 346093 0 140651 0 -2522 0 62371 0 19180 0 565773 0 159809 JOANNA M CAIN MD 0 489707 0 56974 0 21901 0 0 0 11937 0 580519 0 0 GAIL COSTA 0 234885 0 117093 0 32183 0 98823 0 7343 0 490327 0 43722 MARILYN WALSH 0 251536 0 123996 0 36388 0 110772 0 7983 0 530675 0 46371 MAYBELLE KERNAN 0 212271 0 195095 0 23139 0 85163 0 9718 0 525386 0 124378 DOMENIC DELMONICO 0 243771 0 176401 0 20722 0 75473 0 8420 0 524787 0 19207 PATRICIA DEVANEY 154043 0 44911 0 1645 0 47056 0 7994 0 255649 0 0 0 THOMAS GARDNER 145449 0 72009 0 23085 0 70928 0 10084 0 321555 0 27009 0 RALPH HANSELMAN 167057 0 42120 0 8206 0 49455 0 13336 0 280174 0 0 0 CARLEEN SMITH 135749 0 77688 0 39038 0 78276 0 11380 0 342131 0 16530 0 CEDRIC PRIEBE III MD 305515 0 87000 0 5301 0 75830 0 8137 0 481783 0 0 0 DONALD COUSTAN MD 0 276453 0 112758 0 5103 0 0 0 10467 0 404781 0 97638 DAVID LOWE 0 168846 0 0 0 0 0 0 0 0 0 168846 0 0 Compensation Information Form 990, Part VII and Schedule J 1) BASED ON CALENDAR YEAR 2009 FORM W-2 DATA. 2) DEFERRED COMPENSATION IS SUBJECT TO FORFEITURE BY THE INDIVIDUAL BASED ON THE PROVISIONS OF THE PLAN. SUPPLEMENTAL COMPENSATION INFORMATION SCHEDULE J, PART I, QUESTION 1A PAYMENTS MADE ON BEHALF OF CARE NEW ENGLAND CEO TO LUNCHEON CLUB FOR MEMBERSHIP DUES AND BUSINESS RELATED EXPENSES IN ACCORDANCE WITH EMPLOYMENT CONTRACT. SUPPLEMENTAL NONQUALIFIED RETIREMENT PLANS SCHEDULE J, PART I, QUESTION 4B THE FOLLOWING INDIVIDUAL PARTICIPATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE TOTAL 2009 CONTRIBUTION TO THE NONQUALIFIED PLAN IS REPORTED BELOW AND IS ALSO REPORTED AS OTHER REPORTABLE COMPENSATION IN THE INDIVIDUAL'S 2009 COMPENSATION AS SHOWN IN SCHEDULE J-1. SERP SPLIT DOLLAR LIFE INSURANCE: JOHN HYNES $17,101 CONSTANCE A HOWES $4,649 JOHN M SUTHERLAND $2,820 THOMAS R COURAGE $6,673 MARILYN WALSH $4,482 GAIL COSTA $3,766 MAYBELLE KERNAN $2,516 COMP. FOR INDIVIDUALS IS EARNED BASED ON BOTH S-T & L-T INCENTIVE PROGRAMS SCHEDULE J, PART I, QUESTIONS 6A & 6B THE SHORT-TERM INCENTIVE PROGRAM PROVIDES AN OPPORTUNITY FOR PROGRAM PARTICIPANTS TO EARN AN INCENTIVE AWARD BASED ON THE ACHIEVEMENT OF CRITICAL STRETCH GOALS THAT RECOGNIZE PERFORMANCE ABOVE EXPECTATIONS. THESE GOALS ARE MEASURED FOR EACH FISCAL PERIOD IN THE FOLLOWING CRITICAL AREAS: o QUALITY o FINANCIAL o PATIENT SATISFACTION THE LONG-TERM INCENTIVE PROGRAM PROVIDES AN OPPORTUNITY FOR PROGRAM PARTICIPANTS TO EARN AN INCENTIVE AWARD BASED ON THE ACCOMPLISHMENT OF CRITICAL MULTI-YEAR SYSTEM PERFORMANCE OBJECTIVES. AWARDS ARE EARNED BY MEASURING SYSTEM PERFORMANCE OVER THREE-YEAR OVERLAPPING PERFORMANCE PERIODS AND ARE MEASURED IN REFERENCE TO GOALS IN THE FOLLOWING CRITICAL AREAS: o NET INCOME FROM OPERATIONS o MARKET SHARE o PATIENT SATISFACTION o STRATEGIC OBJECTIVE NON-FIXED PAYMENTS SCHEDULE J, PART I, QUESTION 7 The organization paid non-fixed bonus payment to: Ralph Hanselman $42,120 Patricia Devaney $44,911 Thomas Gardner $45,000 Carleen Smith $61,158 Cedric Priebe III MD $87,000 RI HEALTH AND EDUCATIONAL BUILDING CORPORATION 531300173 7622430B3 2008-02-01 46730000 SEE SCHEDULE O false false RI HEALTH AND EDUCATIONAL BUILDING CORPORATION 531300173 7622430B4 2008-02-01 38210000 SEE SCHEDULE O false false 46958454 46610000 90915 29085 2008 true false false true 38210000 6780419 198920 24782 31205879 2009 false true true true false false false false false 0.00000 0.00000 0.00000 true false false false false false 0.00000 0.00000 0.00000 true false true true BOA & DEUTSCHE BANK 24.4 false false false false true true MORGAN STANLEY 29.5 false false false MARGARET D FARRELL DIR/PRINCIPAL OF LAW FIRM 275528 CNE PAYS HINCKLEY/ALLEN/SNYDER false ROBERT G FLANDERS DIR/PRINCIPAL OF LAW FIRM 275528 CNE PAYS HINCKLEY/ALLEN/SNYDER false CHARLES R REPPUCCI DIR/PRINCIPAL OF LAW FIRM 275528 CNE PAYS HINCKLEY/ALLEN/SNYDER false CNE VISION STATEMENT FORM 990, PART III, QUESTION 1 Care New England will build a better system of health care for our community. We will: Attain the highest standards of quality Provide access to essential health services regardless of ability to pay Deliver an exceptional patient experience Advance medical knowledge through research and teaching Advocate for those we serve Enhance wellness and prevention Operate in a cost effective and financially viable manner. DESCRIPTION OF RELATIONSHIPS BETWEEN OFFICERS, DIRECTORS, TRUSTEES OR KEY EMPLOYEES Form 990, Part VI, Question 2 JONATHAN FARNUM AND GEORGE SHUSTER: BUSINESS RELATIONSHIP - CRANSTON PRINT WORKS MARGARET D. FARRELL, ROBERT B. FLANDERS AND CHARLES R. REPPUCI: BUSINESS RELATIONSHIP- HINCKLEY ALLEN & SNYDER, LLP BUSINESS RELATIONSHIP- HINCKLEY ALLEN & SNYDER, LLP Describe Process used by Management &/or Governing Body to Review 990 Form 990, Part VI, Question 11 THE FORM 990 IS PREPARED AND REVIEWED BY OUR PUBLIC ACCOUNTING FIRM, ERNST & YOUNG. DURING THAT PROCESS IT IS PROVIDED TO CERTAIN MEMBERS OF MANAGEMENT FOR REVIEW. THE ASSOCIATE VICE PRESIDENT OF FINANCE AND THE CORPORATE FINANCE OFFICER CONDUCT THE INITIAL MANAGEMENT REVIEW. THE COMPLETED FORM 990 AND RESPECTIVE SCHEDULES (A THRU R) ARE PRESENTED BY THE ASSOCIATE VICE PRESIDENT OF FINANCE TO THE FINANCE COMMITTEE FOR REVIEW AND COMMENT. A COMPLETE AND ACCURATE COPY OF THE FORM 990 IS THEN PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO THE FILING OF THE FORM WITH THE INTERNAL REVENUE SERVICE. JOHN SUTHERLAND, CFO WILL THEN SIGN THE RETURN. Description of Process to Monitor Transactions for Conflicts of Interest Form 990, Part VI, Question 12C POTENTIAL CONFLICTS OF INTEREST INVOLVING DIRECTORS, OFFICERS, AND MEMBERS OF COMMITTEES ARE IDENTIFIED AND ADDRESSED IN ORDER TO ASSURE THAT THE CORPORATION IS TREATED FAIRLY IN ALL ITS BUSINESS DEALINGS. INDIVIDUALS HAVING CONFLICTS MUST DISCLOSE TO THE BOARD OR COMMITTEE PRIOR TO CONSIDERATION OF A TRANSACTION OR ARRANGEMENT THAT CONFLICT WILL EXIST. APPROVAL OF ANY TRANSACTIONS OR ARRANGEMENTS THAT INVOLVES A CONFLICT REQUIRES A CONSENSUS OF DISINTERESTED PERSONS BY VOTE. THE BOARD TAKES DISCIPLINARY AND/OR CORRECTIVE ACTION AS NECESSARY TO PROTECT THE INTEREST OF THE CORPORATION. MINUTES ARE MAINTAINED. ANNUALLY, A COPY OF THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO EACH DIRECTOR, OFFICER AND COMMITTEE MEMBER AND EACH PERSON ACKNOWLEDGES IN WRITING RECEIPT, UNDERSTANDING AND COMPLIANCE WITH THE POLICY. ONGOING ACTUAL AND/OR POTENTIAL CONFLICTS ARE IDENTIFIED AND DISCLOSED TO THE BOARD AT LEAST ANNUALLY. Setting Executive Compensation Officers & Positions for Which Process was Used & Year Process was Begun Form 990, Part VI, Question 15A & 15B THE BOARD OF DIRECTORS OF CARE NEW ENGLAND HEALTH SYSTEM ("CNE") HAS A COMMITTEE OF DIRECTORS KNOWN AS THE CNE COMPENSATION COMMITTEE ("THE COMMITTEE"). THE COMMITTEE IS RESPONSIBLE FOR DISCHARGING THE BOARD'S RESPONSIBILITIES REGARDING THE TOTAL COMPENSATION PROGRAM FOR CNE'S EXECUTIVES. THE COMMITTEE AT ALL TIMES CONDUCTS ITSELF INDEPENDENTLY FROM THE EXECUTIVE MANAGEMENT IN ITS DECISION MAKING PROCESS. MEMBERSHIP AND MEETINGS: THE COMMITTEE IS COMPRISED OF AT LEAST 7 DIRECTORS, ALL OF WHOM ARE INDEPENDENT, AT LEAST ONE MEMBER OF THE BOARD FROM EACH OF THE OPERATING ENTITIES (KENT HOSPITAL, WOMEN & INFANTS HOSPITAL, BUTLER HOSPITAL, AND THE VNA) AS WELL AS FROM THE CNE BOARD SERVE ON THE COMMITTEE. THE CNE PRESIDENT & CEO ("THE CEO") PARTICIPATES IN COMPENSATION COMMITTEE MEETINGS, EXCEPT AS THE COMMITTEE'S DELIBERATIONS CONCERN THE CNE PRESIDENT & CEO. OUTSIDE ADVISORS: THE COMMITTEE HAS THE SOLE AUTHORITY TO RETAIN OR TERMINATE ANY OUTSIDE ADVISOR SUCH AS LEGAL COUNSEL, ANY COMPENSATION CONSULTING FIRM OR ANY OTHER ADVISOR, INCLUDING THE AUTHORITY TO APPROVE THE ADVISOR'S FEES AND OTHER TERMS OF RETENTION. OVERALL RESPONSIBLITY: THE COMMITTEE HAS BEEN DELEGATED AUTHORITY BY THE BOARD TO ASSURE TOTAL COMPENSATION FOR THE EXECUTIVES IS REASONABLE PER IRS SECTION 4958 (INTERMEDIATE SANCTIONS). SPECIFICALLY THE COMMITTEE IS ACCOUNTABLE AND ULTIMATELY RESPONSIBLE TO THE BOARD FOR THE FOLLOWING: * ESTABLISH AND OVERSEE CNE'S EXECUTIVE COMPENSATION AND BENEFITS STRATEGY. * IDENTIFY AND RETAIN APPROPRIATE OUTSIDE ADVISORS INCLUDING LEGAL COUNSEL, COMPENSATION CONSULTANTS AND OTHERS WHO ARE RESPONSIBLE FOR PROVIDING THE COMMITTEE WITH OBJECTIVE ADVICE. *ANNUALLY REVIEW AND APPROVE CNE GOALS AND OBJECTIVES FOR THE CEO; EVALUATE THE CEO'S PERFORMANCE REGARDING THESE GOALS; SET BASE SALARY; DETERMINE ANNUAL INCENTIVE AND LONG-TERM INCENTIVE AWARDS BASED ON CNE AND INDIVIDUAL PERFORMANCE. * ANNUALLY REVIEW THE CEO'S RECOMMENDATIONS FOR BASE SALARY, ANNUAL AND LONG-TERM INCENTIVE AWARDS, ETC. FOR THE OPERATING ENTITY PRESIDENT & CEO'S, WHICH ARE MADE IN CONSULTATION WITH EACH OPERATING ENTITES' BOARD. * ANNUALLY REVIEW THE CEO'S COMPENSATION RECOMMENDATIONS FOR CNE EXECUTVE POSITIONS REPORTING TO THE CEO. * PERIODICALLY REVIEW AND APPROVE OTHER IMPORTANT COMPENSATION ELEMENTS FOR THE CEO AND OTHER EXECUTIVES INCLUDING EMPLOYMENT CONTRACT AND TERM, PERQUISITES AND RETIREMENT PROGRAMS. * REVIEW AND APPROVE OBJECTIVES AND GOALS FOR NEW AND CHANGES TO EXISTING COMPENSATION PLANS. * OVERSEE THE LONG-TERM INCENTIVE PLAN; APPROVE ADDITIONAL PARTICIPANTS, ESTABLISH PERFORMANCE LEVELS AND MONITOR PERFORMANCE, AND APPROVE LONG-TERM AWARDS, IF EARNED. * REVIEW AND APPROVE ANY CHANGES/AMENDMENTS TO THE CNE PENSION PLAN. * REVIEW THIS CHARTER PERIODICALLY TO ENSURE IT IN COMPLIANCE WITH ALL REGULATIONS, AND RECOMMEND APPROPROATE CHANGES TO THE BOARD. MINUTES/DOCUMENTATION: THE COMMITTEE KEEPS WRITTEN MINUTES AND OTHER RELEVANT RECORDS OF EACH MEETING. THE MINUTES ARE SUBJECT TO APPROVAL BY THE COMMITTEE MEMBERS AND, ONCE APPROVED, WILL BE MAINTAINED WITH THE RECORDS OF CNE. YEAR IN WHICH PROCESS WAS LAST UNDERTAKEN - ANNUALLY. Avail of Gov Docs, Conflict of Interest Policy & Fin Stmts to Gen Public Form 990, Part VI, Question 19 FINANCIAL STATEMENTS AND CORPORATE DOCUMENTS (INCLUDING GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES) WILL BE MADE AVAILABLE BY MAIL UPON WRITTEN REQUEST. RI Health and Educational Building Corp Series A & B Bonds Schedule K Part I Col f Lines A & B During FY 2008, CNE and its obligated group members, Butler, Kent, WIH and WIC issued a total of $84,940,000 in RIHEBC Hospital Financing Bonds (The Bonds). These bonds were issued as CNE 2008 Series A ($46,730,000) and CNE 2008 Series B ($38,210,000). The proceeds from the CNE 2008 Series A Bonds were used to (1) Refund the outstanding CNE 2002 Series A Bonds and (2) pay certain expenses related to the issuance of the CNE 2008 Series A Bonds. The proceeds from the CNE 2008 Series B Bonds were used to (1) Defease a portion of the outstanding CNE 2002 Series B Bonds, and (2) Finance a portion of WIH's certificate of need project consisting of the construction, equipping, and furnishing of a five-story addition with a two-story connection to WIH's existing hospital building, (3) finance a portion of routine capital improvements, and (4) pay certain expenses related to the issuance of the CNE 2008 Series B Bonds. The CNE 2002 Series B Bonds were defeased by depositing a portion of the proceeds of the CNE 2008 Series B Bond proceeds and money contributed by the obligated group in an account held by the Trustee for the CNE 2002 Series B Bonds to provide funds as and when necessary to pay the principal and interest on the CNE 2002 Series B Bonds. The obligated group members are joint and severally liable for the repayment of the CNE Series A and CNE Series B Bonds. The outstanding balance on the Bonds was $74,500,000 (Series A $42,985,000 and Series B $31,515,000) on September 30, 2010. The bond proceeds received by the Hospitals under the 2008 Series A & B Bonds represent the amount allocated through the CNE Financing program and are classified as a "Due to CNE" on the Hospital's individual financial statements. The outstanding balance Due to CNE by Hospital as of September 30, 2010 is as follows: Series A Series B Total Butler $ 4,499,169 $ 0 $ 4,499,169 Kent $ 16,115,886 $ 370,000 $ 16,485,886 WIH $ 18,644,106 $ 31,145,000 $ 49,789,106 Total $ 39,259,161 $ 31,515,000 $ 70,774,161 Schedule K Part IV Lines 3b & 3c Column A Column B Line 3b-Name of Provider (1)Bank of America Morgan Stanley (2)Deutsche Bank Line 3c-Term of Hedge (1) 3.5 29.5 (in years) (2) 20.9 ____ ____ 24.4 29.5 AVERAGE HOURS DEVOTED TO RELATED ORGANIZATION PART VII, SECTION A THE FOLLOWING OFFICERS AND DIRECTORS EACH WEEK WORK ABOUT 60 HOURS INCLUDING TIME DEVOTED TO A RELATED ENTITY. WOMEN & INFANTS HOSPITAL OF RHODE ISLAND: CONSTANCE A. HOWES, JOANNA M. CAIN MD. BUTLER HOSPITAL: PATRICIA R. RECUPERO MD, STEVEN A. RASMUSSEN MD. KENT COUNTY MEMORIAL HOSPITAL: SANDRA L. COLETTA. Care New England Wellness Centers 45 Willard Ave 3rd Floor Providence RI 02906 050501283 Wellness Ctr RI 780465 1170122 NA Butler Hospital 345 Blackstone Blvd Providence RI 02906 050258812 Hospital RI 501(c)(3) 3 NA Women and Infants Development Foundation 300 Richmond Street Providence RI 02903 222885815 Healthcare RI 501(c)(3) 11-TYPE III WIC Women & Infants Hospital of Rhode Island 300 Richmond Street Providence RI 02903 050258937 Hospital RI 501(c)(3) 3 WIC HealthTouch Inc 51 Health Lane Warwick RI 02886 050514949 Healthcare RI 501(c)(3) 9 KCVNA Kent County Memorial Hospital 455 Toll Gate Road Warwick RI 02886 050258896 Hospital RI 501(c)(3) 3 NA Kent County VNA dba VNA of CNE 51 Health Lane Warwick RI 02886 050242659 Visiting Nurs RI 501(c)(3) 7 NA Kent Hospital Foundation 455 Toll Gate Road Warwick RI 02886 050514640 Support Organ RI 501(c)(3) 11-Type I KCMH Palomar Group Inc 300 Richmond Street Providence RI 02903 050462378 Parking Fac RI 501(c)(3) 9 WIC WIH Faculty Physicians Inc 67 Brigham Street New Bedford MA 02740 043579432 Healthcare MA 501(c)(3) 9 WIH Women and Infants Corporation 300 Richmond Street Providence RI 02903 022885807 Healthcare RI 501(c)(3) 11-TYPE III NA TOLL GATE INDEMNITY LTD 23 LIME TREE BAY AVE PO BOX 1051 GRAND CAYMAN CAYMAN ISLAND CJ KY1-11 342028514 INSURANCE CJ KCMH C CORP W&I INDEMNITY LTD 23 LIME TREE BAY AVE PO BOX 1051 GRAND CAYMAN CAYMAN ISLAND CJ KY1-11 980159342 INSURANCE CJ W&I C CORP true true true false true false false false false true false false false true true true false false Women & Infants Hospital of Rhode Island N -989748 Women & Infants Hospital of Rhode Island O 208908 Women & Infants Hospital of Rhode Island P 19580002 Kent County Memorial Hospital N 213432 Kent County Memorial Hospital O 35032717 Kent County Memorial Hospital P 1512560 Butler Hospital N 459516 Butler Hospital O 374779 Butler Hospital P 11494308 Kent County Visiting Nurse Association N 167988 Kent County Visiting Nurse Association P 1743580