2024-11-11T17:20:03+00:00 2023-12-31 135565207 KPMG LLP 200 East Randolph Drive Suite 5500 Chicago IL 606016436 990 2023-01-01 363166033 Riverside Healthcare Foundation RIVE 8159337799 350 N Wall Street Kankakee IL 60901 Rich Schiltz Director of Finance 8159358160 2024-11-11 true true Zeljko Popovic P01795951 3126651000 2024-11-11 2023 2024-10-15 13:58:12Z PHILLIP KAMBIC 350 N Wall Street Kankakee IL 60901 15939247 false X www.riversidehealthcare.org X 1982 IL Established to promote by donation, loan or otherwise, organizations and other charitable activities that are devoted to improving and protecting the health and welfare of all persons. 21 19 0 29 0 0 1469521 925916 0 444979 535225 -179936 22800 1734564 1483941 540659 691619 0 0 0 46555 324900 1756279 865559 2447898 869005 -963957 37211203 40449259 26743 240297 37184460 40208962 The Foundation was established to promote, by donation, loan or otherwise, educational programs, scientific research, treatment facilities, hospitals, rehabilitation centers, housing centers, human services programs and other charitable activities devoted to improving and protecting the health and welfare of all persons. false false 2159865 691619 The Foundation promotes educational programs, scientific research, treatment facilities, hospitals, rehabilitation centers, housing centers, human services programs and other charitable activities devoted to improving and protecting the health and welfare of all persons. In particular, the Foundation promotes and supports the interests of the following Illinois notfor-profit organizations: Oakside Corporation, Riverside Senior Living Center, Riverside Medical Center, and other organizations formally affiliated with any of the foregoing organizations which fall within the category of Section 501(c)(3) of the Internal Revenue Code. 2159865 true true false false false false false false true true false false false false true true false false false false false false false true false false true false true false false false false false false false false false false false false false true false false false true 5 0 true 0 false false false false false true true false false false false false false X 21 19 false false false false true true true true true false false true true true true true true false false false IL X Rich Schiltz 8159357256 350 N Wall Street Kankakee IL 60901 Nina Epstein Vice Chairman 1.0 0 X X 0 0 0 Phil Kambic President 1.0 43.0 X X 0 1111991 496640 Shalone Graves Secretary 1.0 0 X X 0 0 0 Tim Milner Chairman 1.0 2.0 X X 0 0 0 Andy Czako Director 1.0 0 X 0 0 0 David Jaffe Director 1.0 0 X 0 0 0 David Tyson Director 1.0 1.0 X 0 0 0 Dr John Vallone Director 1.0 0 X 0 0 0 Dr Juan Jimenez Director 1.0 40.0 X 0 1403622 106247 Dr Simon Wu Director 1.0 0 X 0 0 0 Edward Meier Director 1.0 0 X 0 0 0 Elizabeth Kubal Director 1.0 0 X 0 0 0 Emily Gentry Director 1.0 0 X 0 0 0 Jacalyn Hawker Director 1.0 0 X 0 0 0 Jason Soucie Director 1.0 0 X 0 0 0 Robert Gessner Director 1.0 0 X 0 0 0 Stephanie Mitchell Director 1.0 0 X 0 0 0 Steve Lemon Director 1.0 0 X 0 0 0 Sue Smith Director 1.0 0 X 0 0 0 Suzy Brown Director 1.0 0 X 0 0 0 Thomas Cooke (start 0323) Director 1.0 0 X 0 0 0 Matthew R McBurnie Executive Director 20.0 20.0 X 0 178226 45558 Patricia K Vilt Treasurer 1.0 43.0 X 0 473551 60367 Bill Douglas Former Officer 0.0 40.0 X 0 179452 55904 0 3346841 764716 0 true true false 0 162999 762917 925916 0 0 0 0 0 788685 788685 139874 45699 94175 0 94175 94175 14066997 14320457 -253460 0 -253460 -253460 17775 162999 89150 -71375 -71375 0 0 0 0 0 1483941 0 0 558025 691619 691619 9715 9715 48581 48581 86107 86107 0 0 14635 14635 Support to RMC 1382139 1382139 Shared Service Fees 168547 168547 Other fundraising Expenses 46555 46555 0 0 0 0 2447898 2159865 241478 46555 250 250 2649321 1051917 362161 492636 0 0 124155 2355663 32550 2323113 2323113 30558239 35065521 0 0 1318119 1391667 37211203 40449259 10743 39863 16000 200434 0 0 0 26743 240297 X 29960656 32985158 7223804 7223804 37184460 40208962 37211203 40449259 X -963957 4015822 -27363 X false true X true false X 9084890 1641266 992354 1469521 943691 14131722 0 0 9084890 1641266 992354 1469521 943691 14131722 2894054 11237668 636849 620543 915590 895803 928559 3997344 0 9800 13944 12400 76975 17775 130894 18259960 0 0.6154 0.662 X 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 0 0 0 0 0 0 Schedule A, Part II, Line 10 Other Income DESCRIPTION - FUNDRAISING REVENUE, COLUMN A - 9800.0, COLUMN B - 13944.0, COLUMN C - 12400.0, COLUMN D - 76975.0, COLUMN E - 17775.0, COLUMN F - 130894.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1369541 9000 91447 18274 1451714 1376694 5500 1436 14089 1369541 1382180 7000 3764 16250 1376694 1310901 6652 79762 15135 1382180 1276277 14281 61843 41500 1310901 0.0 1.0 0.0 false false 2323113 2323113 32550 32550 0 2323113 0 X 5586031 4015822 0 4015822 1570209 48581 -134849 -86268 1483941 2561530 162213 162213 2399317 48581 0 48581 2447898 Schedule D, Part V, Line 4 Intended uses of endowment funds The Foundation's endowment consists of thirteen individual funds established by donors for a variety of purposes. All endowment funds of the Foundation are to be used for scholarships for various programs to benefit Riverside Medical Center. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote Riverside Healthcare Foundation is organized as a not-for-profit corporation under Section 501(c)(3) of the Internal Revenue Code and, accordingly, is exempt from income taxes. The Foundation files federal and state tax returns. The statute of limitations on the Foundation's federal tax returns remains open for years 2021 through 2023. The Foundation makes an assessment of individual tax positions and follows a process for recognition and measurement of uncertain tax positions. Tax positions are evaluated on whether they meet the "more likely than not'' standard for sustainability on examination by tax authorities. Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements RECLASS OF RENTAL EXPENSES - -45699 FUNDRAISING EVENT EXPENSES - -89150 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 FUNDRAISING EVENT EXPENSES - 89150 RECLASS OF UNCOLLECTIBLE PLEDGES - 27364 RECLASS OF RENT EXPENSE - 45699 PRO AM GOLF 180774 162999 17775 7000 14150 26167 19452 0 22381 0 0 180774 162999 17775 7000 14150 26167 19452 0 22381 89150 -71375 true RIVERSIDE MEDICAL CENTER 350 N WALL STREET KANKAKEE IL 60901 362414944 501(C)(3) 635039 0 N/A N/A HEALTH PROGRAMS Riverside Senior Living Center 350 N Wall Street Kankakee IL 60901 363670744 501(c)(3) 56580 0 n/a n/a Program Support 2 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. Requests for assistance are provided to the Foundation's Board of Directors. The Board then decides which requests will be approved. Each grant is monitored by requesting information from the grantee regarding the use of the funds. This information is compared to the original request for assistance. In addition, the Foundation provided support to Riverside Medical Center for various different programs outlined below: $23,165 Partners In Caring, $55,144 Samaritan, $7,798 Various other small programs. false true false false false false false false false Phil Kambic President 0 845670 0 0 0 266321 0 471624 0 25016 0 1608631 0 211933 Dr Juan Jimenez Director 0 958061 0 297482 0 148078 0 71377 0 34870 0 1509869 0 97746 Matthew R McBurnie Executive Director 0 173457 0 0 0 4769 0 11144 0 34413 0 223783 0 0 Patricia K Vilt Treasurer 0 408346 0 0 0 65205 0 36056 0 24311 0 533918 0 50291 Bill Douglas Former Officer 0 132451 0 46481 0 520 0 31387 0 24517 0 235356 0 46481 Schedule J, Part I, Line 3 ARRANGEMENT USED TO ESTABLISH THE TOP MANAGMENT OFFICIAL'S COMPENSATION THE ORGANIZATION RELIED ON RIVERSIDE MEDICAL CENTER, A RELATED TAX-EXEMPT ORGANIZATION, to establish and pay compensation of the organization's CEO. Riverside Medical Center used the following to establish reasonable compensation: A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, COMPARABILITY DATA AND REQUIRED APPROVAL BY THE BOARD OF COMPENSATION COMMITTEE. The Executive Director's compensation is also determined and paid by Riverside Medical Center. Schedule J, Part I, Line 4b SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN THE FOLLOWING INDIVIDUALS PARTICIPATE IN A 457(F) PLAN WITH A RELATED ORGANIZATION, RIVERSIDE MEDICAL CENTER. Total contributions to the plan for the year ended December 31, 2023 are as follows: PHILLIP KAMBIC - $429,324 PATRICIA VILT- $17,756 AMOUNTS INCLUDED IN INCOME FOR THIS PLAN for the year ended December 31, 2023, were as follows: PHILLIP KAMBIC - $211,933, BILL DOUGLAS - $46,481, Dr. Juan Jimenez - $97,746, PATRICIA K. VILT - $50,291. Form 990, Part VI, Line 15b PROCESS USED TO ESTABLISH COMPENSATION FOR OTHER OFFICERS The compensation of the organization's executive director is determined by Human Resources and approved by the President of Riverside Medical Center, a related tax-exempt organization. This question has been intentionally answered No due to the fact that independent individuals were not involved in the determination and approval process for this position. Form 990, Part VI, Line 15a PROCESS USED TO ESTABLISH COMPENSATION OF TOP MANAGEMENT OFFICIALS The CEO is compensated by Riverside Medical Center (RMC), a related tax-exempt organization. RMC's compensation review process is as follows: Riverside Medical Center's executive total compensation program is governed by the Executive Committee of the Board of Directors. The Committee is comprised of independent members of the system board who have no personal interest in any executive compensation transactions. The Committee governs the system's executive total compensation program for all positions at the level of Vice President, and above. Each year the Committee engages an independent compensation consultant to assist in determining appropriate compensation of the organization's top management officials. In setting the top management official's compensation, the Executive Committee relies on recent independent compensation studies that provide compensation data for similarly qualified persons in comparable organizations to support its decision-making process. The Committee follows all steps required by the Internal Revenue Service (IRS) to qualify for the safe harbor under the intermediate sanctions regulations. The Committee adequately documents its compensation determinations and deliberations regarding compensation in the minutes on a timely basis. Form 990, Part VI, Line 6 Classes of members or stockholders The sole corporate member of Riverside Healthcare Foundation is Riverside Health System, a related tax exempt organization. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body As the sole corporate member, Riverside Health System has the right to appoint and/or remove members of the governing body. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders Action on the following matters is reserved exclusively to the Member, provided that the Corporation may, at its option, make recommendations to the Member with respect to any of the following matters: (a) Elect and remove, with or without cause, the Directors of the Corporation; (b) Elect and remove the president of the Corporation; (c) Adopt, amend, restate or repeal the Articles of Incorporation and Bylaws of the Corporation; (d) Authorize the Corporation to engage in, or enter into any transaction providing for the sale, lease, exchange or other disposition of assets of the Corporation outside the Riverside Health System corporate structure in excess of five percent (5%) of its assets, as defined in the Corporate bond indenture, in any twelve (12) month period; (e) Adopt a plan of dissolution or liquidation of the Corporation and distribution of its assets; (f) Adopt a plan of merger, consolidation or corporate reorganization involving the Corporation other than in the ordinary course of health care operations; (g) Authorize any transaction which would result in a change in ownership or control of the Corporation; (h) Approve the appointment of an independent auditor or the adoption of accounting policies and investment guidelines; (i) Adopt capital and operating budgets of the Corporation; (j) Adopt and execute a strategic plan of the Corporation; (k) Incur indebtedness in excess of the limits established by the Member from time to time; (l) Authorize the Corporation to make loans in excess of the limits established by the Member from time to time; (m) Authorize any capital expenditures in excess of limits established by the Member from time to time; (n) Authorize any donation of assets of the Corporation in excess of limits established by the Member from time to time; (o) Authorize sale, transfer, encumbrance or otherwise dispose of any real property or interest therein or the purchase of any real estate; (p) Organize or acquire, or authorize the organization or acquisition of any subsidiary or affiliate of the Corporation ("affiliate" shall include any corporation, association, partnership, trust, joint venture, or other entity directly or indirectly controlling, controlled by, or under common control with the Corporation); (q) Establish policy guidelines and criteria for implementation of the Corporation's mission and periodically review and amend the mission statement; (r) Approve any policy by the Corporation or any action taken by the Corporation as to initiation, defense, or settlement of legal or administrative actions in excess of such amounts as shall be established pursuant to corporate policy; (s) Modify compensation and benefit policies, with the exception of those involving the president/chief executive officer, which are solely the responsibility of the Member's executive committee. Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 IS REVIEWED IN DETAIL BY THE ORGANIZATION'S MANAGEMENT. SUBSEQUENT TO THIS REVIEW, THE FORM 990 IS SUPPLIED TO ALL BOARD MEMBERS PRIOR TO FILING WITH THE IRS. Form 990, Part VI, Line 12c Conflict of interest policy The conflict of interest questionnaires are provided to all interested persons (board members, officers, key employees) annually. Interested persons must read and sign the form to disclose any potential conflicts for the year. If a conflict arises with a board member, the board member is made aware that they must abstain from voting on an issue related to the conflict. The process is monitored by the assistant to the CEO of Riverside Medical Center. Form 990, Part VI, Line 19 Required documents available to the public Financial statements, governing documents and conflicts of interest policies are not required disclosures pursuant to IRC Section 6104. Currently, the organization does not make these documents available to the public. Form 990, Part XI, Line 9 Other changes in net assets or fund balances Uncollectible Pledges - -27363; RIVERSIDE MEDICAL CENTER 350 N WALL STREET KANKAKEE IL 60901 362414944 HEALTHCARE IL 501(c)(3) 3 RIVERSIDE HEALTH SYSTEM false RIVERSIDE HEALTH SYSTEM 350 N WALL STREET KANKAKEE IL 60901 363167726 PARENT IL 501(c)(3) Type III-FI NA false RIVERSIDE SENIOR LIVING CENTER 350 N WALL STREET KANKAKEE IL 60901 363670744 NURSING HOME IL 501(c)(3) 10 RIVERSIDE HEALTH SYSTEM false OAKSIDE CORPORATION 350 N WALL STREET KANKAKEE IL 60901 363166804 HEALTHCARE IL 501(c)(3) Type I RIVERSIDE HEALTH SYSTEM false Riverside Ambulatory Surgery CTR LLC 300 Riverside Dr Bourbonnais IL 60914 320082320 SURGERY CENTER IL NA N/A false false false true false false true false false false false false false true false true true false true false false