Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| Form 990 Part I | The Trust exists to provide each participating employer with a mechanism through which it can provide the welfare benefits as set forth in such employer's plan. It is intended that the benefits for participants be life, sick, accident, or other benefits. Form 990 Part IV Line 12A Although we answered this no, a separate, independent audit of the trust is in process. Although the financial statements have not been finalized as of the filing date of this return, we expect them to be completed in the very short term. |
| Form 990 Part VI Line 11b | WITH ASSISTANCE FROM THE LEGAL DEPARTMENT OF IHA, THE INFORMATION NEEDED TO PREPARE THE CHICAGO HOSPITAL COUNCIL EMPLOYEE BENEFIT'S (MCHC EBT) FORM 990 IS PREPARED BY THE FINANCE STAFF OF MCHC EBT'S Council, 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 Line 12c | MCHC EBT DOES NOT HAVE EMPLOYEES. 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 Line 19 | The organization maintains these records at its physical offices. Review by the public is made available upon request. |
| Form 990 Part VII Line Section A Line 1 | Hours per week determined by an average over the year, balance of the Officer's remaining 40 hour work week is distributed to other related organizations of MCHC. Board members have 1.0 hours allocated for a minimum reporting requirement. |
| Form 990 Part XI Line 8 | Prior Period Adjustments reflect a change in calculations of claimed expenses. |
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