2023-11-13T12:35:20+00:00 2022-12-31 861065772 Deloitte Tax LLP 111 South Wacker Drive Chicago IL 60606 990 2022-01-01 205055155 Swedish Covenant Hospital Foundation SWED 7738788200 5145 N California Avenue Chicago IL 60625 Anthony Guaccio President & CEO 7738788200 2023-11-13 true Anthony Guaccio 999009999 Monika Yadav P01473820 3124861000 2022 2023-04-26 12:10:37Z Anthony Guaccio 5145 N California Avenue Chicago IL 60625 3165950 false X swedishcovenantfoundation.org X 2006 IL Swedish Covenant Hospital Foundation follows the mission of NorthShore University HealthSystem to "help everyone in our communities be their best." 14 9 0 10 0 0 332453 1211738 0 1847842 1884672 -2499 -149757 2177796 2946653 0 0 171234 466860 0 261979 54565 251404 225799 718264 1951997 2228389 67800582 58718482 368553 2882367 67432029 55836115 See Schedule O false false 190225 0 0 Provide support to Swedish Covenant Health. 190225 true true false false false false false false true false false false false false true false true false false false false false false true false false false false true false false false false false false false false false false false false false true true false false false true 0 0 0 false false false false false true true false false false false false false X 14 9 true false false false true true true true true false false false true true true true true false false false IL X Christine E Erdmann 8476184606 3040 Salt Creek Lane Arlington Heights IL 60005 Anthony Guaccio President/ CEO of SCH 1.0 40.0 X X 0 576032 239458 Dennis Hammer Chairman 1.0 1.0 X X 0 0 0 Lawrence P Anderson Assistant Treasurer 1.0 1.0 X X 0 0 0 Murray Ancell Executive Director 1.0 40.0 X X 0 216470 23992 Patricia King Secretary 1.0 0.0 X X 0 0 0 Bruce McNulty Director 1.0 40.0 X 0 460984 161296 Bruce Silver Director 1.0 7.5 X 0 145800 8762 Charles Adair Director 1.0 0.0 X 0 0 0 Chuck Rosenberg Director 1.0 12.0 X 0 21504 1290 Denis Williams Director 1.0 41.0 X 0 739154 30029 Gregory Brown Director 1.0 0.0 X 0 0 0 James McCormick Director 1.0 0.0 X 0 0 0 Julianne Sawyier-Migely Director 1.0 0.0 X 0 0 0 Kurt D Anderson Director 1.0 1.0 X 0 0 0 Laura Zung Director 1.0 0.0 X 0 0 0 Lauren Rubinson-Morris Director 1.0 0.0 X 0 0 0 Douglas D Welday Chief Financial Officer 1.0 43.0 X 0 1217510 425841 Jennifer Tscherney Assistant Secretary/Treasurer 1.0 40.0 X 0 187166 22416 Nicola Byrne Treasurer 1.0 40.0 X 0 249876 19985 0 3814496 933069 0 false true false 0 321757 889981 1211738 0 0 0 0 0 1713772 1713772 0 0 170900 170900 0 170900 170900 57840 321757 219297 -161457 -161457 11700 0 11700 11700 0 0 0 0 0 2946653 0 0 1734915 356189 106857 71238 178094 110671 33201 22134 55336 159360 159360 30154 30154 0 0 725 217 145 363 13656 4101 2719 6836 33564 11512 7675 14377 Dues & Subscriptions 13945 4183 2789 6973 0 0 0 0 718264 190225 266060 261979 1612462 1066622 0 0 0 0 0 0 0 0 64891543 55114940 1219412 0 77165 2536920 67800582 58718482 46071 50400 322482 2831967 0 0 0 0 368553 2882367 45402533 33384398 22029496 22451717 67432029 55836115 67800582 58718482 X 2228389 -11880686 -1943617 X false true X true false X 1460211 21338329 1510193 332453 1211738 25852924 0 0 1460211 21338329 1510193 332453 1211738 25852924 334440 25518484 965024 1351446 1038139 556692 1713772 5625073 0 0 0 0 0 0 0 31477997 283670 0.8107 0.8407 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 22029496 1256117 -656297 1138281 21491035 21780251 260954 150165 161874 22029496 20643556 1459867 768722 0 1091894 0 21780251 20661740 1354219 192855 0 1565258 0 20643556 21042932 1518815 55935 0 1955942 0 20661740 0.1649 0.8351 0.0 false false 0 X Schedule D, Part V, Line 4 Intended uses of endowment funds Earnings are to be used to provide support for Swedish Covenant Health. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The affiliates and subsidiaries of the System are primarily tax-exempt organizations under Internal Revenue Code Section 501(c)(3), and their related income is exempt from federal income tax. Accordingly, there is no material provision for income tax for these entities. Some of the income received by exempt entities is subject to taxation as unrelated business income. The System files federal income tax returns and returns for various states in the U.S. ASC 740-10, Income Taxes, requires that realization of an uncertain income tax position is more likely than not (i.e., greater than 50% likelihood of receiving a benefit) before it can be recognized in the consolidated financial statements. Furthermore, this interpretation prescribes the benefit to be recorded in the consolidated financial statements as the amount most likely to be realized assuming a review by tax authorities having all relevant information and applying current conventions. This interpretation also clarifies the financial statement classification of tax-related penalties and interest and sets forth new disclosures regarding unrecognized tax benefits. No amount was recorded for the year ended December 31, 2022. For the year ended December 31, 2022, the System has a net operating loss carryforward of $340,271, which generated deferred tax assets of $96,228. These assets are offset by a valuation allowance of $94,373. Gala FY20/21 352097 294257 57840 150568 9522 57429 Gala 2023 27500 27500 0 1778 0 379597 321757 57840 150568 11300 57429 219297 -161457 false true false false false false false false false Anthony Guaccio President/ CEO of SCH 0 485808 0 0 0 90224 0 213124 0 26334 0 815490 0 0 Murray Ancell Executive Director 0 214974 0 0 0 1496 0 12988 0 11004 0 240462 0 0 Bruce McNulty Director 0 394776 0 0 0 66208 0 122386 0 38910 0 622280 0 0 Denis Williams Director 0 732770 0 2500 0 3884 0 18300 0 11729 0 769183 0 0 Bruce Silver Director 0 145800 0 0 0 0 0 8748 0 14 0 154562 0 0 Douglas D Welday Chief Financial Officer 0 837005 0 0 0 380505 0 392300 0 33541 0 1643351 0 327145 Nicola Byrne Treasurer 0 220562 0 0 0 29314 0 14993 0 4992 0 269861 0 0 Jennifer Tscherney Assistant Secretary/Treasurer 0 167172 0 0 0 19994 0 11230 0 11186 0 209582 0 0 Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation A detailed compensation review of the top executives, including the Chief Executive Officer, is conducted annually. Market data is collected and assessed by an external independent compensation consultant who specializes in compensation consulting within the healthcare industry. The work product from this study is reviewed separately with NS-EE Holdings' Board-retained legal counsel. Market data for base and variable compensation is assessed annually for integrated delivery systems and academic medical centers that are similar in size and complexity. The market assessment includes assessing job content in order to make appropriate market data comparisons. Specific recommendations are then reviewed, discussed and approved as appropriate with the NS-EE Holdings Compensation Committee, in session with legal counsel present, in advance of implementation. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan The following individuals participated in a supplemental nonqualified retirement plan and below are the increases or decreases to the plan balances during 2022: Douglas D Welday - $109,254 Anthony Guaccio - $58,681 Bruce McNulty - -($6,607) The following individual received a payment from a supplemental nonqualified retirement plan: Douglas D Welday - $360,309 Form 990, Part III, Line 1 Organization's Mission Swedish Covenant Hospital Foundation follows the mission of NorthShore - Edward-Elmhurst Health (NS-EEH). On January 1, 2022, NS-EE Holdings (NS-EE) became the sole corporate member of NorthShore and Edward-Elmhurst Healthcare (EEH). The mission of NS-EEH is to "help everyone in our communities be their best." Central to this mission is a commitment to providing clinical programs and services that meet community health needs, while also pursuing continuous improvement to identify and understand future needs. Form 990, Part VI, Line 15 Process to Establish Compensation of CEO and Other Employees A detailed compensation review of the top executives, including the Chief Executive Officer, is conducted annually. Market data is collected and assessed by an external independent compensation consultant who specializes in compensation consulting within the healthcare industry. The work product from this study is reviewed separately with NS-EE Holdings' Board-retained legal counsel. Market data for base and variable compensation is assessed annually for integrated delivery systems and academic medical centers that are similar in size and complexity. The market assessment includes assessing job content in order to make appropriate market data comparisons. Specific recommendations are then reviewed, discussed and approved as appropriate with the NS-EE Holdings Compensation Committee, in session with legal counsel present, in advance of implementation. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons Nicola Byrne, Anthony Guaccio, Patricia King, Bruce McNulty, Jennifer Tscherney, Denis Williams - Business relationship, Kurt D. Anderson and Lawrence P. Anderson - Family relationship Form 990, Part VI, Line 6 Classes of members or stockholders The sole member is Swedish Covenant Health. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body The member elects the Board of Directors. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders The Bylaws grant reserved powers to the member, such as approval of amendments to the Bylaws of the corporation, and the power to elect or remove the members of the Board of Directors of the Corporation. Form 990, Part VI, Line 11b Review of form 990 by governing body The Form 990 was reviewed by executive management and an outside accounting firm. The Form 990 was then provided to the NS-EE Holdings' Board of Trustees for review for the ability to ask questions of management prior to filing. Form 990, Part VI, Line 12c Conflict of interest policy All officers, directors and employees are required to report potential conflicts of interest to the Compliance Officer when his/her circumstances could create a conflict of interest, or prior to their arising, so that the health system can proactively review the report to identify actual and potential Conflicts of Interest. In addition, on an annual basis, members of the Board of Directors, Corporate Officers, and other key employees will be provided with a Conflict of Interest Questionnaire, which is used for purposes of reporting potential Conflicts of Interest. Subsequent to reporting, and depending on the nature of the matter, the Compliance Officer will review the reported information and arrive at a determination regarding the matter based upon his/her knowledge of the organization and/or in consultation with other members of management. Determinations will be reviewed with the Executive Leadership Team or designee for members of management, all categories of physicians, and the Board of Directors. Determinations will be reviewed with the Board of Directors for senior management and members of the Board of Directors. If it is determined that a Conflict of Interest exists, appropriate mitigating or remedial measures may be taken through a management plan. If a management plan has yet to be developed and the individual is involved in discussion related to his/her conflict, the individual must disclose the Conflict of Interest to those involved in the conversation and must recuse him/herself from participating in the conversation and making a decision on behalf of the health system. If this conversation takes place at a Board meeting, the minutes of the meeting should reflect the fact that the Conflict of Interest has been disclosed and the individual has recused him/herself. If the issue or circumstances cannot be adequately addressed through a management plan or if the proposed or actual arrangement is inconsistent with the health system's Guiding Principles for Conflicts of Interest, the conflict will be eliminated. Disclosure of the management plan may be made to appropriate individuals or committees, which may include patients, students, a department, group, or others as necessary. Monitoring and oversight of Conflicts of Interest and management plans will be conducted by the Executive Leadership Team. In the event that an individual engages in prohibited activities or does not provide prompt or transparent Reporting in compliance with this policy or does not comply with a determination and/or management plan, a review will be performed and appropriate corrective action may be taken, including retraining, referral for further action, termination of employment, termination of the agreement with the health system, or removal from the Board of Directors. Form 990, Part VI, Line 19 Required documents available to the public The Swedish Covenant Hospital Foundation (Foundation) governing documents, conflict of interest policy, and financial statements are available to the public upon request. The Foundation financial statements are also available to the public through the Illinois Attorney General's Office website as part of the state filing. Form 990, Part XI, Line 9 Other changes in net assets or fund balances Net Assets Released from Restriction - -844564; Net Asset Transfers to Swedish Covenant Health - -1099053; Swedish Covenant Health 5145 N California Avenue Chicago IL 60625 362179813 Healthcare IL 501(c)(3) 3 NorthShore University HealthSystem false NorthShore University HealthSystem 1301 Central Street Evanston IL 60201 362167060 Healthcare IL 501(c)(3) 3 NS-EE Holdings false Radiation Medicine Institute 1301 Central Street Evanston IL 60201 363815543 Healthcare IL 501(c)(3) Type I NorthShore University HealthSystem true NorthShore University HealthSystem Faculty Practice Associates 1301 Central Street Evanston IL 60201 363738206 Healthcare IL 501(c)(3) Type I NorthShore University HealthSystem true Northwest Community Healthcare 3040 Salt Creek Lane Arlington Heights IL 60005 363125209 Support of Northwest Community Hospital IL 501(c)(3) Type II NorthShore University HealthSystem true Northwest Community Hospital 3040 Salt Creek Lane Arlington Heights IL 60005 362340313 Hospital IL 501(c)(3) 3 Northwest Community Healthcare true Northwest Community Hospital Foundation 3040 Salt Creek Lane Arlington Heights IL 60005 363125193 Fundraising IL 501(c)(3) 7 Northwest Community Healthcare true NS-EE Holdings 1301 Central Street Evanston IL 60201 874520691 Healthcare System Parent IL 501(c)(3) Type III-FI NA false Naperville Psychiatric Ventures 801 South Washington Street Naperville IL 60540 363965251 Hospital IL 501(c)(3) 3 Edward Health Ventures true Edward-Elmhurst Healthcare 801 South Washington Street Naperville IL 60540 363513954 Healthcare IL 501(c)(3) Type II NS-EE Holdings true Edward Hospital 801 South Washington Street Naperville IL 60540 363297173 Hospital IL 501(c)(3) 3 Edward-Elmhurst Healthcare true Edward Foundation 801 South Washington Street Naperville IL 60540 363723705 Fundraising IL 501(c)(3) 7 Edward-Elmhurst Healthcare true Edward Health Ventures 801 South Washington Street Naperville IL 60540 581672987 Supporting Org IL 501(c)(3) Type II Edward-Elmhurst Healthcare true Edward Health and Fitness Center 801 South Washington Street Naperville IL 60540 363555528 Healthcare IL 501(c)(3) 10 Edward Health Ventures true Edward Ambulance Services LLC 801 South Washington Street Naperville IL 60540 452389060 Healthcare IL 501(c)(3) 10 Edward Hospital true Elmhurst Memorial Healthcare 155 East Brush Hill Road Elmhurst IL 60126 364037473 Supporting Org IL 501(c)(3) Type II Edward-Elmhurst Healthcare true Elmhurst Memorial Hospital 155 East Brush Hill Road Elmhurst IL 60126 362167784 Hospital IL 501(c)(3) 3 Elmhurst Memorial Healthcare true Elmhurst Memorial Hospital Foundation 155 East Brush Hill Road Elmhurst IL 60126 363083197 Fundraising IL 501(c)(3) 7 Elmhurst Memorial Hospital true Ravine Way Surgery Center LLC 2401 Ravine Way Glenview IL 60025 201245279 Healthcare IL NorthShore University HealthSystem N/A NPC Cyberknife LLC 3040 Salt Creek Lane Arlington Heights IL 60005 204462828 Equipment Leasing IL Northwest Community Healthcare N/A NWC Day Surgery Center II LLC 3040 Salt Creek Lane Arlington Heights IL 60005 300798249 Outpatient Care IL Northwest Community Healthcare N/A Northwest Endo Center LLC 3040 Salt Creek Lane Arlington Heights IL 60005 812338623 Surgical Care IL NWC Health Services Inc N/A Envision Medical Imaging LLC 8930 Waukegan Road Suite 130 Morton Grove IL 60053 822067179 Imaging Services IL NWC Health Services Inc N/A Elmhurst Outpatient Surgery Center LLC 1200 South York Road Suite 1400 Elmhurst IL 60126 364150045 Surgery Center IL Elmhurst Memorial Healthcare N/A Insight Medical Imaging LLC 8930 Waukegan Road Suite 130 Morton Grove IL 60053 822352016 Healthcare IL Edward Health Ventures N/A Midwest Endoscopy LLC 1243 Rickert Drive Naperville IL 60540 208292570 Healthcare IL Edward Health Ventures N/A RHHI Holdco LLC 400 Northpoint Circle Suite 203 Seven Fields PA 16046 873745286 Healthcare IL NA N/A Residential Home Health Illinois LLC 5440 Corporate Drive Suite 400 Troy MI 48098 270179825 Healthcare IL NA N/A Swedish Covenant Management Services Inc 5145 N California Avenue Chicago IL 60625 364073303 Physician Practice Management IL Swedish Covenant Health C Corporation true Swedish Covenant Physician Partners Ltd 5145 N California Avenue Chicago IL 60625 363120220 Managed Healthcare Provider IL Swedish Covenant Health C Corporation true NorthShore Legacy NPA Inc 1301 Central Street Evanston IL 60201 363648026 Healthcare IL NorthShore University HealthSystem Faculty Practice Associates C Corporation true NorthShore Physician Associates Value Based Care LLC 1301 Central Street Evanston IL 60201 822268872 Healthcare IL NorthShore Legacy NPA Inc C Corporation true NorthShore University HealthSystem Insurance International 980419452 Insurance CJ NorthShore University HealthSystem C Corporation true Central Insurance Company Ltd 981109518 Insurance CJ Northwest Community Healthcare C Corporation true Northwest Community Health Services Inc 800 West Central Road Arlington Heights IL 60005 363312906 Healthcare IL Northwest Community Healthcare C Corporation true EEH SPC - Segregated Portfolio A 981238485 Insurance CJ Edward-Elmhurst Healthcare C Corporation true EEH SPC - Segregated Portfolio B 981185160 Insurance CJ Edward-Elmhurst Healthcare C Corporation true Elmhurst Memorial Health Technologies LLC 855 North Church Court Elmhurst IL 60126 363229839 Practice Management IL Elmhurst Memorial Healthcare C Corporation true IHP ACO 1100 West 31st Street Suite 300 Downers Grove IL 60515 462848987 Healthcare IL Edward-Elmhurst Healthcare C Corporation false false false false false false false false false false false false false false false false false false true false Swedish Covenant Hospital R 1099053 Cash Value