2025-05-02T07:50:10-05:00 2024-06-30 390758449 WIPFLI LLP 1502 LONDON ROAD SUITE 200 DULUTH MN 55812 990 2023-07-01 810365625 SHODAIR CHILDREN'S FOUNDATION SHOD 4064447500 PO BOX 5539 HELENA MT 59604 CRAIG AASVED CHIEF EXECUTIVE OFFICER 4064447500 2025-05-02 1 1 MICHAEL J PETERSON CPA P01833529 2187224705 2025-03-31 2023 2025-03-06 01:10:19Z X CRAIG AASVED PO BOX 5539 HELENA MT 59604 12627858 0 X HTTPS://SHODAIR.ORG/FOUNDATION/ X 1977 MT TO PROMOTE AND FURTHER OPERATIONS OF THE MONTANA CHILDREN'S HOME AND HOSPITAL. 11 11 0 15 0 0 3475958 1668559 138550 697996 3400199 1813214 170038 46067 7184745 4225836 7866030 8482500 0 0 0 0 60000 70729 218814 822191 1486789 8748221 10040018 -1563476 -5814182 38985248 30702343 17431671 14016499 21553577 16685844 TO LEND FINANCIAL SUPPORT TO MONTANA CHILDREN'S HOME AND HOSPITAL (DBA SHODAIR CHILDREN'S HOSPITAL). 0 0 8482500 8482500 697996 CONTRIBUTED $7,582,500 TO SHODAIR CHILDREN'S HOSPITAL FOR CAPITAL IMPROVEMENTS AND $900,000 TO SHODAIR CHILDREN'S HOSPITAL FOR COSTS INCURRED BY THE HOSPITAL TO STAFF AND OPERATE, INCLUDING OPERATIONAL COVERAGE COSTS. RAISED $925,825 FROM THE CHILDREN'S MIRACLE NETWORK PARTNERS. 8482500 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 0 1 1 0 0 0 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 9 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 11 11 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X KELLEY GENTRY 4064447500 2755 COLONIAL DR HELENA MT 59601 DR JOEL MAES PRESIDENT 1.00 1.00 X X 0 0 0 JOHN NORDWICK SECRETARY/TREASURER 1.00 1.00 X X 0 0 0 JUSTIN EVANS BOARD MEMBER 1.00 1.00 X 0 0 0 RITA GOWEN BOARD MEMBER (THRU SEP 2023) 1.00 1.00 X 0 0 0 GALEN HOLLENBAUGH BOARD MEMBER 1.00 1.00 X 0 0 0 STEVEN JOHNSON BOARD MEMBER 1.00 1.00 X 0 0 0 DR DAVID LECHNER BOARD MEMBER 1.00 1.00 X 0 0 0 EMILY MCVEY BOARD MEMBER 1.00 1.00 X 0 0 0 DICK MEEKER BOARD MEMBER (THRU SEP 2023) 1.00 1.00 X 0 0 0 JOSEPH SHEVLIN BOARD MEMBER 1.00 1.00 X 0 0 0 SANDRA SMITH BOARD MEMBER 1.00 1.00 X 0 0 0 ERIC STRAUSS BOARD MEMBER 1.00 1.00 X 0 0 0 DR EDWARD SURBRUGG BOARD MEMBER 1.00 1.00 X 0 0 0 LEN WHEELER BOARD MEMBER (THRU SEP 2023) 1.00 1.00 X 0 0 0 CRAIG AASVED CHIEF EXECUTIVE OFFICER 10.00 30.00 X 0 351162 61316 KEITH MEYER FOUNDATION DIRECTOR 40.00 X 0 147931 25414 KELLEY GENTRY INTERIM CFO 10.00 30.00 X 0 74925 2271 MARIA VALEDENEGRO FORMER CFO 10.00 30.00 X 0 102414 18531 0 676432 107532 0 1 1 0 DICK ANDERSON CONSTRUCTION 3424 HWY 12E HELENA MT 59601 CONSTRUCTION FOR MOB BUILDING 5942785 CHILDREN'S MIRACLE NETWORK 205 WEST 700 SOUTH SALT LAKE CITY UT 84101 MEMBERSHIP DUES 123827 2 124800 1543759 25400 1668559 SHODAIR HOSPITAL RENT 531120 696000 696000 GENETIC SYMPOSIUM EVENT 900099 1996 1996 697996 549125 549125 57111 57111 9497745 8233656 1264089 1264089 1264089 153886 124800 168366 -14480 -14480 3436 3436 3436 4225836 697996 0 1859281 8482500 8482500 2149 2149 17689 17689 70729 70729 106185 106185 42792 42792 51083 43808 7275 12278 12278 21082 21082 7402 7402 482 482 416807 416807 472927 472927 SUPPLIES EXPENSE 181827 181827 CAPITAL CAMPAIGN 78268 78268 CMN EXPENSES 62542 62542 DUES AND SUBSCRIPTIONS 13276 13276 10040018 8482500 1338704 218814 2974215 567974 1080187 1070742 1357503 855815 31216 42653 87374 85288 11999771 571556 11633689 11428215 20468590 15203562 1352474 1448094 38985248 30702343 283775 248762 7472463 9218672 9675433 4549065 17431671 14016499 X 14857055 11602369 6696522 5083475 21553577 16685844 38985248 30702343 -5814182 946449 0 X 0 1 X 1 0 X 2980347 3023552 2980124 3475958 1668559 14128540 2980347 3023552 2980124 3475958 1668559 14128540 863525 13265015 444820 416892 532097 594672 606236 2594717 0 0 0 75731 0 75731 16798988 915088 0.78960 0.75340 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 2433768 327552 2761320 2222600 211168 2433768 2493419 300 -271119 2222600 2026809 300 466310 2493419 1972110 1700 52999 2026809 0.00000 0.31240 0.68760 0 0 225257 225257 10597748 446526 10151222 1086766 125030 961736 90000 90000 11428215 DUE TO MONTANA CHILDREN'S HOME AND HOSPITAL 4549065 4549065 5337215 850828 263987 1114815 4222400 3436 3436 4225836 10204948 168366 168366 10036582 3436 3436 10040018 PART III, LINE 4: THE ORGANIZATION WAS GIFTED AN ORIGINAL PAINTING THAT HAS BECOME A VERY POPULAR WORK OF ART THAT REPRESENTS THE MISSION OF MONTANA'S CHILDREN'S HOSPITAL. THE ORGANIZATION WILL OCCASIONALLY USE PRINTS OF THE PAINTING AT EVENTS. THE PAINTING IS SOMETIMES ON DISPLAY IN THE FOUNDATION OR THE HOSPITAL. PART V, LINE 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF NUMEROUS INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. AS REQUIRED BY GAAP, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE FOUNDATION HAS INTERPRETED THE MUPMIFA AS REQUIRING THE PRESERVATION OF THE FAIR VALUE OF THE ORIGINAL GIFT AS OF THE GIFT DATE OF THE DONOR-RESTRICTED ENDOWMENT FUNDS ABSENT EXPLICIT DONOR STIPULATIONS TO THE CONTRARY. AS A RESULT OF THIS INTERPRETATION, THE FOUNDATION CLASSIFIES AS NET ASSETS WITH DONOR RESTRICTIONS (A) THE ORIGINAL VALUE OF GIFTS DONATED TO THE ENDOWMENT TO BE MAINTAINED IN PERPETUITY, (B) THE ORIGINAL VALUE OF SUBSEQUENT GIFTS TO THE ENDOWMENT TO BE MAINTAINED IN PERPETUITY, AND (C) ANY ACCUMULATIONS TO THE ENDOWMENT MADE IN ACCORDANCE WITH THE DIRECTION OF THE APPLICABLE DONOR GIFT INSTRUMENT AT THE TIME THE ACCUMULATION IS ADDED TO THE FUND. THE PORTION OF THE ENDOWMENT FUND THAT IS NOT REQUIRED TO BE MAINTAINED IN PERPETUITY IS RECORDED WITHIN NET ASSETS WITH DONOR RESTRICTIONS AND IS APPROPRIATED FOR EXPENDITURE BY THE FOUNDATION IN A MANNER CONSISTENT WITH THE STANDARD OF PRUDENCE PRESCRIBED BY MUPMIFA. IN ACCORDANCE WITH MUPMIFA, THE FOUNDATION CONSIDERS THE FOLLOWING FACTORS IN MAKING A DETERMINATION TO APPROPRIATE OR ACCUMULATE DONOR-RESTRICTED ENDOWMENT FUNDS: 1. THE DURATION AND PRESERVATION OF THE FUND 2. THE PURPOSE OF THE FOUNDATION AND THE DONOR-RESTRICTED ENDOWMENT FUND 3. GENERAL ECONOMIC CONDITIONS 4. THE POSSIBLE EFFECT OF INFLATION AND DEFLATION 5. THE EXPECTED TOTAL RETURN FROM INCOME AND THE APPRECIATION OF INVESTMENTS 6. OTHER RESOURCES OF THE FOUNDATION 7. THE INVESTMENT POLICIES OF THE FOUNDATION FROM TIME TO TIME, THE FAIR VALUE OF ASSETS ASSOCIATED WITH INDIVIDUAL DONOR-RESTRICTED ENDOWMENT FUNDS MAY FALL BELOW THE LEVEL THE DONOR OR MUPMIFA REQUIRES THE FOUNDATION TO RETAIN AS A FUND OF PERPETUAL DURATION. THE FOUNDATION HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT, WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. ENDOWMENT ASSETS INCLUDE THOSE ASSETS OF DONOR-RESTRICTED FUNDS WHICH THE FOUNDATION MUST HOLD IN PERPETUITY. UNDER THIS POLICY, AS APPROVED BY THE BOARD OF TRUSTEES, THE ENDOWMENT ASSETS ARE INVESTED IN A MANNER THAT IS INTENDED TO PRESERVE ENDOWMENT CAPITAL AND TO PROVIDE A MINIMUM ANNUAL TARGET RATE OF RETURN OF AT LEAST INFLATION, PLUS THE FOUNDATION'S SPENDING POLICY, PLUS A REAL RATE OF RETURN NET OF FEES. THE FOUNDATION EXPECTS ITS ENDOWMENT FUNDS, OVER TIME, TO PROVIDE A REASONABLE CURRENT RATE OF RETURN. TO SATISFY ITS LONG-TERM RATE-OF-RETURN OBJECTIVES, THE FOUNDATION RELIES ON A TOTAL RETURN STRATEGY IN WHICH INVESTMENT RETURNS ARE ACHIEVED THROUGH BOTH CAPITAL APPRECIATION (REALIZED AND UNREALIZED GAINS) AND CURRENT YIELD (INTEREST AND DIVIDENDS). THE FOUNDATION TARGETS A DIVERSIFIED ASSET ALLOCATION, INCLUDING CASH EQUIVALENTS, FIXED INCOME, AND EQUITY SECURITIES, TO ACHIEVE ITS LONG-TERM RETURN OBJECTIVES WITHIN PRUDENT RISK CONSTRAINTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSE 168,366. CHANGE IN VALUE OF LT RECEIVABLES 95,621. PART XI, LINE 4B - OTHER ADJUSTMENTS: PROPERTY TAX EXPENSE (CREDIT) 3,436. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSE 168,366. PART XII, LINE 4B - OTHER ADJUSTMENTS: PROPERTY TAX EXPENSE (CREDIT) 3,436. X X X X 0 ALLIANCE PHILANTHROPY 27459 FRONTAGE ROAD BOZEMAN MT 59715 CAPITAL CAMPAIGN CONSULTING 0 1501264 45000 1456264 1501264 45000 1456264 MT PLAY YELLOW 2023 278686 124800 153886 25400 40085 22347 80534 278686 124800 153886 25400 40085 22347 80534 168366 -14480 SCHEDULE G, PART I, LINE 2B, COLUMN (V) THE CONSULTANT IS A FULL SERVICE PHILANTHROPIC CONSULTING FIRM THAT SPECIALIZES IN PLANNING AND CONDUCTING COMPREHENSIVE CAMPAIGNS AND MAJOR GIFTS EFFORTS. 1 MONTANA CHILDREN'S HOME & HOSPITAL PO BOX 5539 HELENA MT 59604 810231789 501(C)(3) 8482500 0 GRANT FOR OPERATIONS AND CAPITAL IMPROVEMENTS AND ADDITIONAL OPERATIONAL SUPPORT 1 0 PART I, LINE 2: SHODAIR CHILDREN'S FOUNDATION (SCF) MAKES GRANTS TO MONTANA CHILDREN'S HOME AND HOSPITAL (MCHH) BASED ON REQUESTS FROM MCHH. SCF AND MCHH ARE RELATED PARTIES THAT COMMUNICATE ON A CONSISTENT BASIS TO UNDERSTAND THE NEEDS OF EACH ORGANIZATION AND USE OF FUNDS TRANSFERRED. SCF APPROVES AND CONFIRMS THAT FUNDS ARE USED FOR THE REQUESTED PURPOSE. 0 0 0 0 0 0 0 0 0 CRAIG AASVED CHIEF EXECUTIVE OFFICER 0 343962 0 0 0 7200 0 19800 0 41516 0 412478 0 0 KEITH MEYER FOUNDATION DIRECTOR 0 137931 0 10000 0 0 0 8521 0 16893 0 173345 0 0 MARIA VALEDENEGRO FORMER CFO 0 102414 0 0 0 0 0 6450 0 12081 0 120945 0 0 X PLAY YELLOW AUCTION ITEMS 10 25400 FAIR MARKET VALUE 0 0 0 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS IN PART I, COLUMN (B). FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION'S LEGAL NAME WAS CHANGED TO SHODAIR CHILDREN'S FOUNDATION, EFFECTIVE MAY 2024. THE ORGANIZATION ALSO FORMED THEIR OWN BOARD (BEFORE IT WAS INTEGRATED WITH THE HOSPITAL'S BOARD). FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 IS PROVIDED TO THE BOARD OF TRUSTEES AND APPROVED BEFORE THE FORM 990 IS FILED. FORM 990, PART VI, SECTION B, LINE 12C A PERSON SHALL BE DEEMED TO HAVE AN "INTEREST" IN A TRANSACTION IF HE OR SHE IS THE PARTY, ONE OF THE PARTIES, OR DIRECTLY RELATED TO A PARTY DEALING WITH THE CORPORATION, OR IF HE OR SHE HAS DIRECT OR INDIRECT INTEREST IN THE TRANSACTION. ANY TRUSTEE, OFFICER, MEDICAL STAFF MEMBER OR OTHER EMPLOYEE OR AGENT OF THE CORPORATION HAVING A DIRECT OR INDIRECT INTEREST IN A TRANSACTION PRESENTED TO THE BOARD FOR AUTHORIZATION, APPROVAL OR RATIFICATION SHALL MAKE A PROMPT, FULL AND FRANK DISCLOSURE OF HIS OR HER INTEREST TO THE BOARD PRIOR TO ACTION ON SUCH TRANSACTION. THAT PERSON SHALL NOT VOTE ON, OR USE HIS OR HER PERSONAL INFLUENCE ON, NOR PARTICIPATE IN THE DISCUSSION OR DELIBERATIONS WITH RESPECT TO SUCH TRANSACTION. THE MINUTES OF THE MEETINGS SHALL REFLECT THE DISCLOSURE MADE THE VOTE THEREON, THE ABSTENTION FROM VOTING AND PARTICIPATION, AND WHETHER A QUORUM WAS PRESENT. ANY TRANSACTION WHICH INVOLVES A TRUSTEE CONFLICT OF INTEREST MAY NOT BE AUTHORIZED, APPROVED OR RATIFIED BY A SINGLE TRUSTEE. FORM 990, PART VI, SECTION B, LINE 15 NOT APPLICABLE, ORGANIZATION DOES NOT PAY COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE ON FILE WITH THE STATE OF MONTANA AND AVAILABLE TO THE PUBLIC IF REQUESTED FROM THE STATE. CONFLICT OF INTEREST AND FINANCIAL STATEMENTS ARE NOT MADE READILY AVAILABLE TO THE GENERAL PUBLIC BUT ARE DISTRIBUTED TO THE BOARD OF TRUSTEES WHO ARE A REPRESENTATION OF THE PUBLIC. INTERNAL AND AUDITED FINANCIAL STATEMENTS ARE NOT AVAILABLE TO THE PUBLIC, HOWEVER RELEVANT FINANCIAL INFORMATION IS AVAILABLE ON THE FORM 990 WHICH IS AVAILABLE. MONTANA CHILDREN'S HOME AND HOSPITAL PO BOX 5539 HELENA MT 59604 810231789 PROVIDE INPATIENT AND RESIDENTIAL PSYCHIATRIC TREATMENT FOR CHILDREN MT 501(C)(3) 170(B)(1)(A) N/A 0 0 1 0 0 0 0 0 0 0 1 0 1 1 1 1 1 0 0 0