2019-11-15T12:49:17-06:00 2018-12-31 ERNST & YOUNG US LLP 2 N CENTRAL AVE SUITE 2300 PHOENIX AZ 85004 990 2018-01-01 454182666 CHILDREN'S HOSPITAL COLORADO HEALTH SYSTEM % JEFFREY HARRINGTON CHIL 7207771234 13123 EAST 16TH AVENUE AURORA CO 80045 JEFFREY HARRINGTON SVP AND CFO 7207771234 2019-11-14 true Patrick Shields P01508556 6023223000 164.57.159.254 86597020193195000029 2019-11-15 P C1FB216E02A8E0FF4B10C7F1585D3311BD03F0CC 9D5EEB42429821CBACA628CB88EB15E2B93F9A36 2018 2020-03-31 21:24:44Z Jena Hausmann 13123 East 16th Ave Aurora CO 80045 26902968 false X WWW.CHILDRENSCOLORADO.ORG X 2011 CO TO MANAGE THE INVESTMENT OF FUNDS ON BEHALF OF CHILDREN'S HOSPITAL COLORADO ("Hospital") and Children's Hosptial Colorado Foundation ("Foundation"). 8 7 0 10 0 0 0 0 0 0 35017250 26902968 -410526 0 34606724 26902968 0 0 0 0 198064 201796 0 0 0 704420 948361 902484 1150157 33704240 25752811 944806806 892299973 1762601 1783891 943044205 890516082 X TO MANAGE THE INVESTMENT OF FUNDS ON BEHALF OF CHILDREN'S HOSPITAL COLORADO ("HOSPITAL") AND CHILDREN'S Hosptial COLORADO FOUNDATION ("FOUNDATION"). false false 258707 0 0 SEE SCHEDULE O 258707 true false false false false false false false false true false true false false true true false true false false true false false false false false false false false true false false false false false false false false false false false false false true true true false false true X 0 0 0 true true false false false false false false false false false false false X 8 7 false false false false false false false true true false false true false false false false false false CA X JEFFREY HARRINGTON 7207771234 13123 E 16TH AVENUE AURORA CO 80045 X David Honeyfield Board Member 4.0 1.0 X 0 0 0 David Hoover Board Member 4.0 1.0 X 0 0 0 Don Elliman Board Member 4.0 1.0 X 0 0 0 Fred Taylor Board Member 4.0 1.0 X 0 0 0 Kevin Reidy Board Member (Part Year) 4.0 1.0 X 0 0 0 William N Lindsay III BOARD MEMBER/CHAIR (OUTGOING) 4.0 1.0 X X 0 0 0 Jeffrey Harrington SR. VP/CFO 4.0 40.0 X 0 836853 172038 0 836853 172038 0 false true false Ernst Young 3712 Solutions Center CHICAGO IL 60677 Audit & Tax 538698 Monticello 1800 Larimer Street Suite 2100 DENVER CO 80202 investment advisor 250000 Colorado Health Facilities Authorit 3033 E 1st Ave Suite 301 DENVER CO 80206 bond monitoring 104328 3 0 0 0 0 0 0 0 0 26902968 26902968 26902968 26902968 0 0 0 0 0 0 0 0 0 0 26902968 26902968 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 170065 132872 37193 0 0 0 0 0 23393 18277 5116 0 8338 6514 1824 0 0 0 0 0 0 0 0 0 538698 538698 0 0 0 0 0 0 0 250000 0 250000 0 159063 101044 58019 0 0 0 0 0 600 0 600 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 1150157 258707 891450 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 360500273 339138136 581461338 553216035 0 0 0 0 2845195 -54198 944806806 892299973 428599 187609 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1334002 1596282 1762601 1783891 X 777458607 735256926 52203750 37550901 113381848 117708255 943044205 890516082 944806806 892299973 X 25752811 -61098820 0 0 0 -17182114 X false true X true true true X X X 2 CHILDREN'S HOSPITAL COLORADO 840166760 3 true 6996209 0 CHILDREN'S HOSPITAL COLORADO FOUNDATION 840813462 7 true 6000000 0 2 12996209 true false false false false false false false false false false false false false false true true true X true true SCHEDULE A, PART IV, SECTION D, LINE 3 CHILDREN'S HOSPITAL COLORADO HEALTH SYSTEM (CHCHS) MEETS THE SIGNIFICANT VOICE REQUIREMENT OF TREAS. REG. SECTION 1.509(A)-4(I)(3)(III) BECAUSE THE OFFICERS AND DIRECTORS OF THE TWO SUPPORTED ORGANIZATIONS (CHILDREN'S HOSPITAL COLORADO AND CHILDREN'S HOSPITAL COLORADO FOUNDATION) HAVE A SIGNIFICANT VOICE IN DIRECTING THE USE OF THE INCOME OF CHCHS. SPECIFICALLY, ALL OF CHCHS'S NINE VOTING MEMBERS OF THE BOARD OF DIRECTORS ARE ALSO DIRECTORS OF THE SUPPORTED ORGANIZATIONS. CHCHS IS ALSO THE PARENT ORGANIZATION AND SOLE MEMBER OF EACH OF THE SUPPORTED ORGANIZATIONS. IN ADDITION, THE CHAIRMAN OF CHILDREN'S HOSPITAL COLORADO SERVES AS THE PERMANENT CHAIRMAN OF THE BOARD OF CHCHS, THE CHAIRMAN OF CHILDREN'S HOSPITAL COLORADO FOUNDATION SERVES AS THE PERMANENT VICE CHAIRMAN OF THE BOARD OF CHCHS, THE PRESIDENT OF CHILDREN'S HOSPITAL COLORADO SERVES AS THE CHIEF EXECUTIVE OFFICER OF CHCHS, AND THE PRESIDENT OF CHILDREN'S HOSPITAL COLORADO FOUNDATION SERVES AS AN EX-OFFICIO MEMBER OF THE BOARD OF DIRECTORS OF CHCHS. AND FINALLY, CHCHS HAS TWO STANDING COMMITTEES OF WHICH "THE INVESTMENT COMMITTEE" IS ONE OF THOSE TWO. THE INVESTMENT COMMITTEE IS TASKED WITH RECOMMENDING FOR APPROVAL TO THE CHCHS BOARD INVESTMENT POLICIES, POSSIBLE INVESTMENTS, ASSET ALLOCATION CRITERIA AND PARAMETERS, PERFORMANCE MEASUREMENTS AND MANAGE EVALUATION CRITERIA. THE INVESTMENT COMMITTEE IS MADE UP OF TEN MEMBERS OF WHICH SEVEN ARE BOARD MEMBERS OF EITHER CHILDRENS HOSPITAL COLORADO OR CHILDRENS HOSPITAL COLORADO FOUNDATION. BASED ON THE FOREGOING, THE DIRECTORS AND OFFICERS OF THE TWO SUPPORTED ORGANIZATIONS HAVE A SIGNIFICANT VOICE IN DIRECTING THE INVESTMENT POLICIES AND THE USE OF THE INCOME OR ASSETS OF CHCHS, THE SUPPORTING ORGANIZATION. SCHEDULE A, PART IV, SECTION E, LINES 3A AND 3B CHCHS MEETS THE INTEGRAL PART TEST OF TREAS. REG. SECTION 1.509(A)-4(I)(4)(I)(B) AND TREAS. REG. SECTION 1.509(A)-4(I)(4)(III) AS CHCHS IS THE SOLE MEMBER AND PARENT ORGANIZATION OF EACH OF THE TWO SUPPORTED ORGANIZATIONS AND A MAJORITY OF THE OFFICERS AND DIRECTORS OF EACH SUPPORTED ORGANIZATION ARE APPOINTED OR ELECTED BY CHCHS. AS THE PARENT AND SOLE MEMBER OF EACH SUPPORTED ORGANIZATION, CHCHS EXERCISES A SUBSTANTIAL DEGREE OF DIRECTION OVER THE POLICIES, PROGRAMS AND ACTIVITIES OF EACH SUPPORTED ORGANIZATION. 176068220 4308565 -7659587 8059124 164658074 150034237 11337497 21673337 6976851 176068220 141351054 10670642 4945935 6933394 150034237 135959693 11967943 -209379 6367203 141351054 126406622 9568001 5348168 5363098 135959693 0.05700 0.71490 0.22810 false false WELLINGTON 62716431 F SILCHESTER 43849602 F VIKING 43598100 F KING STREET 34504449 F FARALLON 31270000 F RENAISSANCE 29117875 F ANCHORAGE 28351147 F MARSHALL WACE 27302428 F ROCK SPRINGS 25826294 F NEWPORT ASIA 25330111 F GOLUB CAPITAL 21875000 F KYLIN 20495068 F ARISAIG 20025367 F IMPALA 18544860 F SPINNAKER 15222897 F CLAYTON DUBILLER RICE IX 13495549 F CASTLELAKE III 12397826 F AG STAR NET LEASE 12146587 F GEM REALTY V 8910728 F MADISON DEARBORN 8845803 F HIGHFIELDS CAPITAL LTD 8043300 F WALTON STREET 7837199 F DENHAM COMMODITY PARTNERS VI 6528412 F ORBIMED 5213585 F FORTRESS CREDIT OPPORTUNITY 4900170 F KSL IV 3445156 F OWL ROCK FUND 2909353 F DENHAM COMMODITY PARTNERS V 2586708 F ANGELO GORDON 2519260 F MOUNT KELLETT 1687839 F GOLDMAN SACHS 1600618 F FIR TREE 942691 F VARDE FUND XIII 684979 F GEM REALTY VI 294992 F DENHAM COMMODITY PARTNERS IV 195651 F 553216035 0 I/CO PAYABLE TO CHILDREN'S HOSPITAL COLORADO 949984 I/CO PAYABLE TO CHILDREN'S HOSPITAL COLORADO FOUNDAT 646298 1596282 X Schedule D, Part V, Line 4 Income from the endowments are currently being distributed to Children's Hospital Colorado on a monthly basis to be used for the endowments' intended purposes. Schedule D, Part X, Line 2 MANAGEMENT REVIEWS ITS TAX POSITION ANNUALLY AND HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. true false true true true false false true false false false false false false false Jeffrey Harrington SR. VP/CFO 533839 210516 92498 151154 20884 1008891 87169 SCHEDULE J, PART I, LINE 3 THE CEO OF THE ORGANIZATION IS COMPENSATED BY CHILDREN'S HOSPITAL COLORADO, A RELATED TAX-EXEMPT ORGANIZATION. SCHEDULE J, PART I, LINE 4B THE FOLLOWING INDIVIDUALS RECEIVED A PAYOUT FROM A 457(F) SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN: JENA HAUSMANN $ 136,521 JEFFREY HARRINGTON $ 87,169 FORM 990, PART III, LINE 4A CHILDREN'S HOSPITAL COLORADO HEALTH SYSTEM ("CHCHS") WAS FORMED BY THE HOSPITAL WITH AN EFFECTIVE DATE OF JANUARY 1, 2012 TO BE THE PARENT HOLDING COMPANY OF THE HOSPITAL. CHCHS'S BOARD WAS INITIALLY FORMED SUBSTANTIALLY WITH HOSPITAL AND CHILDREN'S HOSPITAL FOUNDATION BOARD MEMBERS AND CHIEF EXECUTIVE OFFICERS. IN CONNECTION WITH THE FORMATION OF CHCHS, THE FOUNDATION AMENDED ITS ARTICLES OF INCORPORATION SUCH THAT CHCHS BECAME THE SOLE CORPORATE MEMBER OF THE FOUNDATION. AS A RESULT, CHCHS ALSO ACQUIRED CONTROL OF THE FOUNDATION, WHICH WAS PREVIOUSLY GOVERNED SEPARATELY FROM THE HOSPITAL AND WAS REFLECTED AS A FINANCIALLY INTERRELATED ORGANIZATION OF THE HOSPITAL. DURING 2012, BOTH THE HOSPITAL AND THE FOUNDATION TRANSFERRED THE MAJORITY OF THEIR LONGER-TERM DESIGNATED ENDOWMENTS AND INVESTMENTS TO CHCHS. CHCHS INVESTS AND DISTRIBUTES THESE FUNDS FOR THE BENEFIT OF THE HOSPITAL. FORM 990, PART V, LINE 2A; PART VII, SECTION A; AND PART IX CHILDREN'S HOSPITAL COLORADO HEALTH SYSTEM DOES NOT HAVE EMPLOYEES, BUT SHARES THE COST OF CERTAIN EXPENSES WITH CHILDREN'S HOSPITAL COLORADO, A RELATED TAX-EXEMPT ORGANIZATION. FORM 990, PART VI, LINE 11B CHILDREN'S HOSPITAL COLORADO'S (A RELATED TAX-EXEMPT ORGANIZATION) FINANCE DEPARTMENT LEADERSHIP CONDUCTS A REVIEW OF THE FORM 990 WITH THE CFO PRIOR TO THE DRAFT BEING DISTRIBUTED TO THE BOARD OF DIRECTORS. ANY NECESSARY CHANGES ARE MADE, THE FORM IS SIGNED BY THE CFO, AND A FINAL COPY IS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO SUBMISSION TO THE IRS VIA A SECURED WEBSITE. FORM 990, PART VI, LINES 12, 13, AND 14 A CONFLICT OF INTEREST POLICY, WHISTLEBLOWER POLICY AND DOCUMENT RETENTION AND DESTRUCTION POLICY WERE NOT FORMALLY ADOPTED BY THE BOARD OF CHCHS IN 2018, THEREFORE THESE QUESTIONS HAVE BEEN ANSWERED "NO." HOWEVER, CHCHS DOES FOLLOW THE POLICIES ADOPTED BY THE HOSPITAL AND THE FOUNDATION, RELATED TAX-EXEMPT ORGANIZATIONS WHOSE BOARD MEMBERS MAKE UP THE CHCHS BOARD. AS EACH BOARD MEMBER OF CHCHS IS ALSO A MEMBER OF THE BOARD OF DIRECTORS OF THE HOSPITAL OR THE FOUNDATION, SUCH BOARD MEMBERS ARE REQUIRED TO DISCLOSE, ON AN ANNUAL BASIS, POTENTIAL CONFLICTS OF INTEREST PURSUANT TO THE WRITTEN POLICIES OF THE HOSPITAL AND THE FOUNDATION. IN ADDITION, ARTICLE XV OF THE BYLAWS OF CHCHS ADDRESSES CONFLICTS OF INTEREST. FORM 990, PART VI, LINE 19 THESE DOCUMENTS ARE MADE AVAILABLE UPON REASONABLE REQUEST. FORM 990, PART XI, LINE 9 Equity Transfer from CHCF $ 4,326,407 Equity Transfer to CHCO $ (6,996,209) Equity Transfer from CHCF $ (6,000,000) Changes in Temp Restricted Net Assets $ (7,219,357) Other Changes in Net Assets $ (1,292,955) ============= TOTAL $(17,182,114) FORM 990 PART IX LINE 11G DESCRIPTION:PURCHASED SERVICES TOTAL FEES:129328 FORM 990 PART IX LINE 11G DESCRIPTION:TRUSTEE FEES TOTAL FEES:27651 FORM 990 PART IX LINE 11G DESCRIPTION:MISCELLANEOUS EXPENSES TOTAL FEES:2084 CHILDREN'S HOSPITAL COLORADO 13123 E 16TH AVENUE AURORA CO 80045 840166760 HEALTHCARE CO 501(C)(3) 3 CHCHS true CHILD HEALTH MANAGEMENT SERVICES Inc 13123 E 16TH AVENUE AURORA CO 80045 742266667 BILLING SVCS CO 501(C)(3) 3 CH-COLORADO true CHILDREN'S HOSPITAL COLORADO FOUNDATION 13123 E 16TH AVENUE AURORA CO 80045 840813462 FOUNDATION CO 501(C)(3) 7 CHCHS true CHILDREN'S HEALTH CORPORATION 13123 E 16TH AVENUE AURORA CO 80045 742235572 SUPPORTING CO 501(C)(3) 12, TYPE 1 CH-COLORADO true CHILDREN'S NORTH SURGERY CTR 13123 EAST 16TH AVENUE AURORA CO 80045 262394578 OUTPATIENT SURG CO CH-COLORADO Related 0 0 false 0 false RMCHS MANAGEMENT SERVICES INC 13123 E 16TH AVENUE AURORA CO 80045 840957415 BILLING CO CH-COLORADO C CORP 0 0 0.00000 true PEDIATRIC CARE NETWORK CHC LLC 13123 E 16TH AVENUE AURORA CO 80045 813554450 HEALTHCARE CO CH-COLORADO C CORP 0 0 0.00000 true false true true false false false false false false false false false true true true false false false false CHILDREN'S HOSPITAL COLORADO FOUNDATION b 6000000 ACCRUAL CHILDREN'S HOSPITAL COLORADO FOUNDATION c 4326000 ACCRUAL CHILDREN'S HOSPITAL COLORADO b 6996000 ACCRUAL Children's Hospital Colorado O 170065 Accrual SCHEDULE R, PART III, COLUMN (A) CHILDREN'S NORTH SURGERY CENTER EIN: 26-2394578 ADDRESS: 13123 EAST 16TH AVENUE, AURORA, CO 80045