2023-08-28T14:35:06-05:00 2022-12-31 135565207 KPMG LLP 200 EAST RANDOLPH DRIVE SUITE 5500 CHICAGO IL 606016436 990 2022-01-01 237421930 ILLINOIS HOSPITAL RESEARCH & EDUCATIONAL FOUNDATION ILLI 6302765400 1151 E WARRENVILLE RD PO BOX 3015 NAPERVILLE IL 60563 TERRI L ALLEN TREASURER 6302765400 2023-08-28 1 TERRI ALLEN XXX-XX-XXXX 0 ZELJKO POPOVIC P01795951 3126651000 2023-08-21 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ARTHUR J WILHELMI 1151 E WARRENVILLE RD PO BOX 3015 NAPERVILLE IL 60563 26103 0 X WWW.TEAM-IHA.ORG X 1974 IL TO PROVIDE EDUCATIONAL OPPORTUNITIES AND GRANTS DESIGNED TO FOSTER AND ENCOURAGE THE PROVISION OF THE HIGHEST STANDARD OF PATIENT CARE BY HOSPITALS IN ILLINOIS. 3 0 0 0 0 0 0 0 5995 6659 1388 19444 0 0 7383 26103 0 0 0 0 0 0 0 0 0 26740 29429 26740 29429 -19357 -3326 817461 822640 15 8520 817446 814120 TO PROMOTE THE CONTINUING EDUCATION OF HOSPITAL AND OTHER HEALTHCARE PERSONNEL, TO PROVIDE SCHOLARSHIPS TO PERSONS PURSUING HEALTHCARE CAREERS, AND TO PROVIDE GRANTS TO HOSPITALS WHICH WILL ASSIST IN THE IMPROVEMENT OF HEALTHCARE. 0 0 3376 6659 IHREF RECEIVED PROGRAM REVENUE FROM CARELEARNING BASED ON ILLINOIS HOSPITAL PARTICIPATION IN VARIOUS PROGRAMS. 3376 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 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 0 1 0 0 0 1 0 0 1 0 0 0 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 TERRI L ALLEN 6302765400 1151 E WARRENVILLE RD PO BOX 3015 NAPERVILLE IL 60566 X ARTHUR J WILHELMI CHAIRMAN/PRESIDENT 2.00 38.00 X X 0 1305773 211165 JOHN BOMHER DIRECTOR 1.00 39.00 X 0 468551 53197 TERRI L ALLEN TREASURER 2.00 38.00 X X 0 386373 41148 KAREN HARRIS SECRETARY 1.00 39.00 X 0 433734 39430 JEAN KIRKEL ASSISTANT TREASURER 1.00 39.00 X 0 251008 34393 0 2845439 379333 0 0 1 0 0 EDUCATION PROGRAMS 900099 6659 6659 6659 19444 19444 26103 6659 0 19444 16815 16815 3376 3376 BANK FEES 9127 9127 OTHER EXPENSES 100 100 DUES 11 11 29429 3376 26053 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 817461 822640 817461 822640 15 8520 15 8520 X 817446 814120 817446 814120 817461 822640 -3326 0 X X 0 1 X 1 0 X 21000 21000 17770 0 0 59770 21000 21000 17770 59770 59770 19682 18907 5066 1388 19444 64487 124257 30348 0.48100 0.63030 X 0 DUE FROM AFFILIATES 822640 822640 X PART X, LINE 2: ILLINOIS HOSPITAL RESEARCH & EDUCATIONAL FOUNDATION (IHREF) HAS RECEIVED A FAVORABLE DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE (IRS) STATING THAT IT IS EXEMPT FROM TAXATION ON INCOME RELATED TO THEIR EXEMPT PURPOSES UNDER SECTION 501(A) OF THE CODE AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3). AS AN EXEMPT ORGANIZATION, IHREF IS SUBJECT TO FEDERAL AND STATE INCOME TAXES ON INCOME DETERMINED TO BE UNRELATED BUSINESS TAXABLE INCOME. IHREF ACCOUNTS FOR INCOME TAXES USING THE PROVISIONS OF ASC TOPIC 740. UNDER ASC TOPIC 740, DEFERRED TAX ASSETS AND LIABILITIES ARE RECOGNIZED FOR FUTURE TAX CONSEQUENCES ATTRIBUTABLE TO DIFFERENCES BETWEEN THE FINANCIAL STATEMENT CARRYING AMOUNTS OF EXISTING ASSETS AND LIABILITIES AND THEIR RESPECTIVE TAX BASES, OPERATING LOSS, AND TAX CREDIT CARRYFORWARDS. DEFERRED TAX ASSETS AND LIABILITIES ARE MEASURED USING ENACTED TAX RATES AND LAWS EXPECTED TO APPLY TO TAXABLE INCOME IN THE YEARS IN WHICH THOSE TEMPORARY DIFFERENCES ARE EXPECTED TO BE RECOVERED OR SETTLED. THE EFFECT ON DEFERRED TAX ASSETS AND LIABILITIES OF A CHANGE IN TAX RATES IS RECOGNIZED IN INCOME IN THE PERIOD THAT INCLUDES THE ENACTMENT DATE. A VALUATION ALLOWANCE IS PROVIDED WHEN IT IS MORE LIKELY THAN NOT THAT SOME PORTION OF DEFERRED TAX ASSETS WILL NOT BE REALIZED. AS OF DECEMBER 31, 2022 AND 2021, IHREF DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS. 0 1 0 0 0 0 0 0 0 ARTHUR J WILHELMI CHAIRMAN/PRESIDENT 0 975413 0 307165 0 23195 0 174209 0 36956 0 1516938 0 242521 JOHN BOMHER DIRECTOR 0 381810 0 83177 0 3564 0 25925 0 27272 0 521748 0 0 KAREN HARRIS SECRETARY 0 342998 0 68166 0 22570 0 24965 0 14465 0 473164 0 0 TERRI L ALLEN TREASURER 0 320639 0 41670 0 24064 0 25925 0 15223 0 427521 0 0 JEAN KIRKEL ASSISTANT TREASURER 0 216318 0 27757 0 6933 0 21020 0 13373 0 285401 0 0 PART I, LINE 4B FORM 990 SCH J PART I LINE 4B THE FOLLOWING AMOUNTS WERE CONTRIBUTED TO A NONQUALIFIED RETIREMENT PLAN: ARTHUR J. WILHELMI $148,284 THE FOLLOWING AMOUNTS WERE DISTRIBUTED DURING THE YEAR FROM THE NONQUALIFIED RETIREMENT PLAN (CODA): ARTHUR J. WILHELMI: $242,521 FORM 990 SCH J, PART II ALL COMPENSATION LISTED IN SCHEDULE J, PART II IS FROM THE ILLINOIS HEALTH AND HOSPITAL ASSOCIATION. NO TRUSTEE RECEIVED COMPENSATION FROM THE FILING ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 2 THE ENTITY'S BOARD IS COMPRISED OF THE FOLLOWING INDIVIDUALS WHO ARE ALSO ON THE BOARD(S) OR AN OFFICER OF ONE OR MORE RELATED ORGANIZATIONS: TERRI ALLEN, JOHN BOMHER, AND ARTHUR J. WILHELMI. THE ENTITY'S FOLLOWING OFFICERS ARE INDIVIDUALS WHO ARE ALSO ON THE BOARD(S) OR AN OFFICER OF ONE OR MORE RELATED ORGANIZATIONS: JEAN KIRKEL, TERRI ALLEN, KAREN HARRIS, AND ARTHUR J. WILHELMI. FORM 990, PART VI, SECTION A, LINE 6 THE FOUNDATION HAS ONE MEMBER, THE ILLINOIS HEALTH AND HOSPITAL ASSOCIATION (IHA). FORM 990, PART VI, SECTION A, LINE 7A THE MEMBER HAS THE POWER TO APPOINT ALL DIRECTORS OF THE ORGANIZATION AND THE POWER TO REMOVE OFFICERS AND DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBER SHALL INITIATE AND APPROVE THE FOLLOWING: A. APPOINT ALL DIRECTORS OF THE CORPORATION. DIRECTORS MUST BE PERSONS WHO HOLD MANAGEMENT POSITIONS WITH THE MEMBER AND OFFICERS MUST BE PERSONS WHO ARE EMPLOYEES OF THE MEMBER. AN INDIVIDUAL WILL BE DEEMED TO HAVE RESIGNED FROM ANY OFFICE HE OR SHE HOLDS EFFECTIVE ON THE DATE OF THEIR TERMINATION OF HIS OR HER EMPLOYMENT WITH THE MEMBER. B. APPOINT THE CHAIRMAN OF THE CORPORATION'S BOARD OF DIRECTORS AND THE PRESIDENT SECRETARY AND TREASURER OF THE CORPORATION. C. REMOVE THE DIRECTORS OF THE CORPORATION, INCLUDING THE CHAIR, PRESIDENT, SECRETARY AND TREASURER OF THE CORPORATION. D. APPROVE EXPRESSLY ALL AMENDMENTS TO THE CORPORATION'S ARTICLES OF INCORPORATION AND BYLAWS. E. APPROVE EACH ANNUAL OPERATING AND CAPITAL BUDGET AND LONG-RANGE PLAN OF THE CORPORATION BEFORE EXPENDITURES MAY BE MADE THEREFROM. THE SELECTION OF LEGAL COUNSEL, THE APPOINTMENT OF INDEPENDENT AUDITORS, ALL ACCOUNTING POLICIES, ALL INVESTMENT GUIDELINES AND ALL DONATION POLICIES OF THE CORPORATION. F. ESTABLISH COMPENSATION, IF ANY, OF DIRECTORS AND OFFICERS FOR SERVICES TO THE CORPORATION AS DIRECTORS AND OFFICERS, IRRESPECTIVE OF ANY PERSONAL INTEREST. G. APPROVE ANY INDEBTEDNESS OF THE CORPORATION IN AN AGGREGATE PRINCIPAL AMOUNT IN EXCESS OF $50,000 WHICH WAS NOT INCLUDED IN THE ANNUAL BUDGET PREVIOUSLY APPROVED BY THE MEMBER. H. APPROVE ANY EXPENDITURE OR INVESTMENT OF THE CORPORATION WHICH EXCEEDS 10% OF THE APPROVED BUDGET; I. TO APPROVE ANY PLAN OF MERGER OR CONSOLIDATION; J. TO APPROVE A VOLUNTARY PARTIAL OR TOTAL DISSOLUTION OF THE CORPORATION K. TO APPROVE THE SALE, LEASE, EXCHANGE, MORTGAGE, PLEDGE, OR OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE PROPERTY AND ASSETS OF THE CORPORATION; L. TO APPROVE THE CREATION OF CONTROLLED OR OWNED SUBSIDIARIES OR AFFILIATES BY THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B WITH ASSISTANCE FROM THE LEGAL DEPARTMENT OF IHA, THE INFORMATION NEEDED TO PREPARE THE FOUNDATION'S FORM 990 IS PREPARED BY THE FINANCE STAFF OF THE FOUNDATION'S PARENT, ILLINOIS HEALTH AND HOSPITAL ASSOCIATION (IHA). THE FORM IS THEN PREPARED AND REVIEWED BY THE ASSOCIATION'S OUTSIDE TAX ADVISORS, KPMG. AFTER KPMG'S REVIEW, THE FORM IS FURTHER REVIEWED BY THE ASSOCIATION'S CHIEF ACCOUNTING OFFICER. EACH BOARD MEMBER RECEIVES A COPY OF THE FORM BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST DISCLOSURE FORMS ARE REVIEWED, COMPLETED AND SIGNED BY BOARD MEMBERS AND OFFICERS OF THE ENTITY. THESE ARE REVIEWED BY HUMAN RESOURCES STAFF AND SENIOR MANAGEMENT. WHEN A DIRECTOR OR OFFICER IS AWARE OF A CONFLICT OR POTENTIAL CONFLICT OF INTEREST FOR HIMSELF/HERSELF OR A FAMILY MEMBER, THE DIRECTOR OR OFFICER MUST DISCLOSE IT TO THE BOARD OR THE COMPLIANCE OFFICER OF ILLINOIS HEALTH AND HOSPITAL ASSOCIATION. AFTER DISCLOSURE OF A POTENTIAL CONFLICT OF INTEREST, THE REMAINING BOARD MEMBERS OR OFFICERS, AS THE CASE MAY BE, WOULD DECIDE IF A CONFLICT EXISTS. IF A CONFLICT IS DEEMED TO EXIST, THAT BOARD MEMBER OR OFFICER, AS THE CASE MAY BE, IS NOT ALLOWED TO VOTE ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 FORM 990 PART VI SECTION B LINE 15A A COMPENSATION COMMITTEE, COMPRISED OF THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES, IS RESPONSIBLE FOR REVIEWING AND APPROVING THE COMPENSATION OF THE CEO, OTHER OFFICERS AND KEY EMPLOYEES. AN INDEPENDENT COMPENSATION CONSULTANT, AS WELL AS COMPENSATION STUDIES OF OTHER SIMILAR ORGANIZATIONS ARE UTILIZED IN THE PROCESS. THE COMPENSATION COMMITTEE DOCUMENTS ALL COMPENSATION DECISIONS ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 ILLINOIS HOSPITAL RESEARCH AND EDUCATIONAL FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990 PART VII SECTION A LINE 1 THE TRUSTEES OF IHREF ARE EMPLOYEES OF THE ILLINOIS HEALTH AND HOSPITAL ASSOCIATION. APPROXIMATELY 5% OF EACH INDIVIDUALS TIME IS DEVOTED TO THE ACTIVITIES OF THE FOUNDATION, FOR WHICH THE ASSOCIATION RECEIVES NO REIMBURSEMENT. ILLINOIS HEALTH AND HOSPITAL ASSOCIATION 1151 EAST WARRENVILLE ROAD NAPERVILLE IL 60563 362352486 TRADE ASSOC. IL 501(C)(6) N/A 0 MIDWEST ALLIANCE FOR PATIENT SAFETY 1151 EAST WARRENVILLE ROAD NAPERVILLE IL 60563 272552683 EDUCATION IL 501(C)(3) LN 12A, I IHA 0 MCHC - CHICAGO HOSPITAL COUNCIL 1151 EAST WARRENVILLE ROAD NAPERVILLE IL 60563 362167008 HEALTHCARE SPT IL 501(C)(3) SCH A LN 10 IHA 0 ASSOCIATION VENTURE CORPORATION 1151 EAST WARRENVILLE ROAD NAPERVILLE IL 60566 363507989 HOLDING COMPANY IL IHA C 0 ASSOCIATION MANAGEMENT RESOURCES 1151 EAST WARRENVILLE ROAD NAPERVILLE IL 60566 363063484 PURCH PRG&DATA IL AVC C 0 ILLINOIS RISK MANAGEMENT SERVICES 1151 EAST WARRENVILLE ROAD NAPERVILLE IL 60566 363100207 CLAIMS RISK MGT. IL AVC C 0 MEDICAL ALLIANCE INSURANCE COMPANY 1151 EAST WARRENVILLE ROAD NAPERVILLE IL 60566 320097644 PHYS PL INSURANCE IL AVC C 0 MCHC - SERVICE CORPORATION 1151 EAST WARRENVILLE ROAD NAPERVILLE IL 60566 363404171 HEALTHCARE SUPT IL AVC C 0 IHA HUMAN CAPITAL SERVICES INC 1151 EAST WARRENVILLE ROAD NAPERVILLE IL 60563 320541199 CONSULTING IL AVC C 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 1 1 0 0 1