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← RUSH COPLEY FOUNDATION

Form 990 for tax year 2024

Filed by RUSH COPLEY FOUNDATION.

Totals

Total revenue
$2,457,031
Total expenses
$2,607,596
Contributions and grants received
$1,215,876
Grants paid
$1,940,865
Program service revenue
$0
Investment income
$1,361,953
Other revenue
-$120,798
Total assets, end of year
$64,858,124
Total liabilities, end of year
$28,487,722
Net assets or fund balances, end of year
$36,370,402
Program services expenses (Part IX)
$1,940,865
Management and general expenses
$666,731
Fundraising expenses
$0
Program service expenses (Part III)
$1,940,865

Program services were 74.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $176,947

  • 1e · Government grants (contributions)

    $338,934

  • 1f · All other contributions, gifts and grants

    $699,995

  • 1g · Noncash contributions included above

    $44,783

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $876,078 · excluded $876,078

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $7,826,351

  • 7b · Less cost or other basis and sales expenses

    securities $7,340,476

  • 7c · Gain or loss

    securities $485,875 · other assets $0

  • 7d · Net gain or loss

    total $485,875 · excluded $485,875

  • 8a · Fundraising events: gross income

    $68,891

  • 8a · Fundraising events: contributions included on line 1c

    $176,947

  • 8b · Fundraising events: direct expenses

    $189,689

  • 8c · Net income from fundraising events

    total -$120,798 · excluded -$120,798

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,776,016 · program services $1,776,016

  • 2 · Grants to domestic individuals

    total $164,849 · program services $164,849

  • 7 · Other salaries and wages

    total $244,017 · management and general $244,017

  • 9 · Other employee benefits

    total $52,098 · management and general $52,098

  • 11c · Fees: accounting

    total $8,160 · management and general $8,160

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $55,332 · management and general $55,332

  • 16 · Occupancy

    total $18,245 · management and general $18,245

  • 17 · Travel

    total $48 · management and general $48

  • 22 · Depreciation, depletion and amortization

    total $43,167 · management and general $43,167

  • 24a · Other expenses: PURCHASED SERVICES

    total $153,931 · management and general $153,931

  • 24b · Other expenses: NEWSLETTER ANNUAL REPORT

    total $46,950 · management and general $46,950

  • 24c · Other expenses: GIFTS IN KIND

    total $44,783 · management and general $44,783

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $100,000 · end of year $100,000

  • 3 · Pledges and grants receivable

    beginning of year $730,000 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $36,323,369 · end of year $35,368,037

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $21,817,904 · end of year $29,390,087

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $87,405

  • 19 · Deferred revenue

    beginning of year $9,465 · end of year $11,900

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $25,729,624 · end of year $28,388,417

  • 27 · Net assets without donor restrictions

    beginning of year $1,272,897 · end of year $1,577,712

  • 28 · Net assets with donor restrictions

    beginning of year $31,959,287 · end of year $34,792,690

Mission and programs · 2024

Mission

TO INSPIRE PHILANTHROPIC SUPPORT FOR RUSH COPLEY MEDICAL CENTER AND OTHER RELATED/CONTROLLED EXEMPT ENTITIES TO ADVANCE HEALTHCARE AND HEALTH TO THE COMMUNITY WE SERVE.

  • RUSH COPLEY FOUNDATION ("RCF") SOLICITS CONTRIBUTIONS TO SUPPORT HEALTHCARE ACTIVITIES IN THE AURORA, IL AREA INCLUDING, BUT NOT LIMITED TO, THOSE OF COPLEY MEMORIAL HOSPITAL. RCF FOCUSES ON SUPPORTING PROGRAMS WHICH PROVIDE OR IMPROVE: ACCESS TO CARE, PATIENT & COMMUNITY EDUCATION, TRAINING FOR OUR HEALTH PROFESSIONALS AND PATIENT CARE IMPROVEMENT AT RUSH COPLEY MEDICAL CENTER (RCMC) EXAMPLES OF PROGRAMS COMPLETELY SUPPORTED BY RCF INCLUDE WATERFORD PLACE CENTER RESOURCE CENTER, A MOVEMENT DISORDERS PROGRAM AND THE FOX VALLEY HEART FUND. RCMC IS PROUD TO OFFER THESE PROGRAMS FREE OF CHARGE TO PATIENTS AND PARTICIPANTS. RCF SOLICITS AND RECEIVES GIFTS AND CONTRIBUTIONS FOR AND ON BEHALF OF RCMC AND OTHER CHARITABLE ORGANIZATIONS EXEMPT FROM TAXATION UNDER SECTIONS 501(A) OR 501(C)(3) OF THE INTERNAL REVENUE CODE CONTROLLED BY OR AFFILIATED WITH RCMC; AND TO SUPPORT THE CHARITABLE PROGRAMS AND ACTIVITIES OF SUCH ORGANIZATIONS THROUGH EXPENDITURE OF SUCH FUNDS RECEIVED. DURING THE PANDEMIC, RCF SERVED AS A CONDUIT FOR COMMUNITY SUPPORT OF CONTRIBUTIONS OF DOLLARS, FOOD, PPE AND OTHER GIFTS DIRECTED IN THE SUPPORT AND WELLNESS OF FRONTLINE CAREGIVERS AT RCMC.

    Expenses $1,940,865 · Grants $1,940,865

As filed on the 2024 return.

Listed in Part VII

  • Christine Sobek

    CHAIRMAN OF THE BOARD/DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • John Diederich MA MBA FACHE

    President & CEO/Director

    Total calculated
    $1,351,452
    From this org
    $0
    From related orgs
    $1,303,036
    Other
    $48,416
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $734,550 related
    Bonus
    $0 + $154,960 related
    Other
    $0 + $413,526 related
    Deferred
    $0 + $11,500 related
    Nontaxable benefits
    $0 + $36,916 related
    Filer's total
    $0 + $1,351,452 related
  • Trish Anen

    VICE CHAIRMAN OF THE BOARD/DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • Bruce W Dienst

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • Carl T Bergetz JD

    Chief Legal Officer, RUSH & Board Secretary, RCF (START 11/24)

    Total calculated
    $1,335,342
    From this org
    $0
    From related orgs
    $1,152,334
    Other
    $183,008
    Hours/week
    1 + 46 related

    Schedule J breakdown matched by us

    Base
    $0 + $703,287 related
    Bonus
    $0 + $320,381 related
    Other
    $0 + $128,666 related
    Deferred
    $0 + $162,643 related
    Nontaxable benefits
    $0 + $20,365 related
    Filer's total
    $0 + $1,335,342 related
  • Catherine Cederoth

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • Christopher Hwang MD START 1124

    VICE CHIEF OF STAFF, DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Colette Rozanski START 225

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Dave Mead

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Gaurav Shah MD START 924

    CHIEF OF STAFF/DIRECTOR

    Total calculated
    $1,113,686
    From this org
    $0
    From related orgs
    $1,066,451
    Other
    $47,235
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $831,100 related
    Bonus
    $0 + $233,126 related
    Other
    $0 + $2,225 related
    Deferred
    $0 + $11,500 related
    Nontaxable benefits
    $0 + $35,735 related
    Filer's total
    $0 + $1,113,686 related
  • Jae B Joo MD End 1224

    IMMEDIATE PAST CHIEF OF STAFF/DIRECTOR

    Total calculated
    $861,670
    From this org
    $0
    From related orgs
    $816,958
    Other
    $44,712
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $564,336 related
    Bonus
    $0 + $239,871 related
    Other
    $0 + $12,751 related
    Deferred
    $0 + $11,500 related
    Nontaxable benefits
    $0 + $33,212 related
    Filer's total
    $0 + $861,670 related
  • James Baka

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Jeffrey Tack

    Treasurer, RCF (Start 11/24)

    Total calculated
    $420,549
    From this org
    $0
    From related orgs
    $394,234
    Other
    $26,315
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $325,651 related
    Bonus
    $0 + $66,183 related
    Other
    $0 + $2,400 related
    Deferred
    $0 + $13,595 related
    Nontaxable benefits
    $0 + $12,720 related
    Filer's total
    $0 + $420,549 related
  • Joe Jackson START 225

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Kalpesh Patel MD End 1224

    IMMEDIATE PAST VICE CHIEF OF STAFF/DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Mark C Metzger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Maureen Strobl

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Michael Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Patrick Carmody

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Richard Edelman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Ronald Hem

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Santosh Gill MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Susan Corbridge START 225

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Susana Rivera-Mills PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Syed Zaidi MD End 1224

    Director

    Total calculated
    $728,328
    From this org
    $0
    From related orgs
    $699,138
    Other
    $29,190
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $585,621 related
    Bonus
    $0 + $98,080 related
    Other
    $0 + $15,437 related
    Deferred
    $0 + $8,625 related
    Nontaxable benefits
    $0 + $20,565 related
    Filer's total
    $0 + $728,328 related
  • Alex Pope

    VP PHILANTHROPY & CDO

    Total calculated
    $357,886
    From this org
    $0
    From related orgs
    $336,769
    Other
    $21,117
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $293,907 related
    Bonus
    $0 + $38,718 related
    Other
    $0 + $4,144 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $21,117 related
    Filer's total
    $0 + $357,886 related
  • Brenda Van Wyhe END 225

    SR VP FINANCE & CFO/TREASURER

    Total calculated
    $643,057
    From this org
    $0
    From related orgs
    $605,795
    Other
    $37,262
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $452,312 related
    Bonus
    $0 + $82,399 related
    Other
    $0 + $71,084 related
    Deferred
    $0 + $11,500 related
    Nontaxable benefits
    $0 + $25,762 related
    Filer's total
    $0 + $643,057 related
  • Ryan Asmus End 224

    FORMER VP GENERAL COUNSEL/SECRETARY

    Total calculated
    $829,390
    From this org
    $0
    From related orgs
    $827,833
    Other
    $1,557
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $38,925 related
    Bonus
    $0
    Other
    $0 + $788,908 related
    Deferred
    $0 + $1,557 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $829,390 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
THE FOLLOWING METHODS ARE USED BY COPLEY MEMORIAL HOSPITAL, INC., A RELATED ORGANIZATION OF RUSH COPLEY MEDICAL CENTER, TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S CEO: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - FORM 990 OF OTHER ORGANIZATIONS - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
Schedule J, Part I, Line 4a Severance or change-of-control payment
RYAN ASMUS, VP GENERAL COUNSEL, SIGNED A $544,433 SEVERANCE AGREEMENT IN 2024 PAYABLE IN 2024 & 2025. STEVE LOWENTHAL, MD, SR. VP MEDICAL STAFF AFFAIRS & CMO, TERMED 6/23, SIGNED A $816,192 SEVERANCE AGREEMENT IN 2023 PAYABLE IN 2023 & 2024.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
CMH OFFERS A SUPPLEMENTAL RETIREMENT PLAN TO CERTAIN EMPLOYEES WHO PARTICIPATE IN THE EXECUTIVE BENEFITS PROGRAM. THERE IS NO CONSTRUCTIVE RECEIPT OF THESE AMOUNTS BY THE INDIVIDUALS UNTIL THEY ARE PAID OUT AS THEY ARE SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE UNTIL INDIVIDUALS MEET THE REQUIRED VESTING PERIOD. ONCE VESTED, PAYOUTS WOULD BE INCLUDED AS REPORTABLE COMPENSATION ON THE RECIPIENTS ANNUAL FORM W-2. THE AMOUNTS PAID OUT OF THIS PLAN IN 2024 WERE AS FOLLOWS: RYAN ASMUS $533,236, JOHN DIEDERICH - $407,131, BRENDA VAN WYHE - $62,659.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Room Five Hundred

    C Corporation · Dining Room · IL · controlled entity

    Directly controlled by NA

  • Rush University Medical Center Insurance Co Ltd

    C Corporation · Insurance · CJ · controlled entity

    Directly controlled by NA

  • Rush Copley Medical Group NFP

    C Corporation · Healthcare · IL · controlled entity

    Directly controlled by NA

  • Rush University Medical Center Master Retirement Trust

    Trust · Pension Trust · IL · controlled entity

    Directly controlled by NA

  • Rush Health

    C Corporation · Clinically Integrated Network · IL · controlled entity

    Directly controlled by NA

  • Rush Health ACO Inc

    C Corporation · Accountable Care Organization · IL · controlled entity

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2024
Filed
14 May 2026
IRS schema version
2024v5.1
Source object
202601349349312475

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