2018-11-09T16:41:47-06:00 2017-12-31 ERNST & YOUNG US LLP 950 MAIN AVENUE SUITE 1800 CLEVELAND OH 44113 990 2017-01-01 237114013 Akron Children's Hospital Foundation % ALICIA LAMANCUSA VP FINANCE AKRO 3305438171 ONE PERKINS SQUARE AKRON OH 44308 MICHAEL P TRAINER Chief Finan Officer 3305434251 2018-11-09 true TERENCE M KENNEDY P00089502 2168615000 2018-11-09 209.57.32.30 34237520183135000000 2018-11-09 P 15527C01338C8F2047C02BFB8936CF04974035E0 D0F3919FE28AE692664C3BDEFCB3C8FE36384FC3 2017 2019-02-21 02:37:17Z MICHAEL P TRAINER ONE PERKINS SQUARE AKRON OH 44308 71030384 false X AkronChildrens.org/giving X 1971 OH Akron Children's Hospital Foundation is organized exclusively for the benefit of Children's Hospital Medical Center of Akron. Its purpose is to solicit gift from donors. 35 30 0 0 0 0 11298525 13615951 0 0 5852104 6042375 -338227 -359728 16812402 19298598 10627078 7957892 0 0 2106355 2579459 0 0 3410424 1028540 1072823 13761973 11610174 3050429 7688424 118568763 133366207 4100541 1476340 114468222 131889867 X AKRON CHILDREN'S HOSPITAL FOUNDATION IS ORGANIZED EXCLUSIVELY FOR THE BENEFIT OF CHILDREN'S HOSPITAL MEDICAL CENTER OF AKRON ("CHMCA"). ITS PURPOSE IS TO SOLICIT GIFTS FROM DONORS TO FURTHER THE MISSION OF CHMCA. false false 7957892 7957892 The Akron Children's Hospital Foundation works to ensure that the Hospital (CHMCA) can continue to uphold its three promises: 1) treat each other the way we would want to be treated 2) treat each child as if it were our own 3) turn no child away for any reason During 2017, CHMCA broke ground on a 230,000 square foot addition to the Considine Professional Building. The new building will bring together all of our outpatient clinics on the Akron campus and continue the campus transformation the hospital began in 2012 when it broke ground on the Kay Jewelers Pavilion, which opened in 2015. The Considine Professional Building expansion space will be designed to be more flexible, collegial and diverse. The expansion project will nearly double the existing square footage of the building, and total 480,000 square feet when it's complete. The expansion project will help meet the growing need for more space in the Neurodevelopmental Science Center and Sports Medicine. In addition, the outpatient pharmacy will move into the larger renovated space. The biggest change with the expansion and combining all the out-patient clinics in one building will be the centralized check-in and registration process. This centralized registration will allow for faster access to patient services. The building will also feature amenities for families including a caf. Philanthropy plays a key role in the success of the campus expansion. The Kay Jeweler's Pavilion ("KJP") was opened in May 2015 and approximately $30,000,000 was raised by the Foundation to offset the costs of construction. During 2017, an additional amount of $250,000 was raised for the Considine Professional Building expansion. During 2017, an additional amount of $4,804,887 Foundation funds were used by CHMCA to support its mission. Of that amount, additional support also went for the following programs: $744,772 Hematology/Oncology, $481,411 Akron Marathon, $461,515 Global Health, $345,000 Palliative Care, $291,110 Research and Education, $259,000 Regional Burn Center, $246,658 Safety and Injury Prevention, $185,000 Child Advocacy, $154,700 Reach Out and Read Program, and $82,000 Kohl's Youth Fitness which supports CHMCA's fitness program for the youth in the surrounding communities. The remaining amount was used for patient care and support programs including Neonatal, Pediatrics, Tele-Health Mental, Outreach, and other programs. Since the Foundation's creation, it has provided the sources to purchase specialized lifesaving medical equipment which might not have otherwise been possible within CHMCA's budget limitations. The Foundation has financed medical research into the cause, prevention and treatment of complex childhood diseases and problems, and has provided community safety programs in professional education, patient information and youth development. The net effect of these efforts has been to keep CHMCA at the forefront of healthcare, while minimizing the cost of such care to patients and their families. 7957892 true true false false false false false false false true true false false true true false false true 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 true false false false true X 0 0 0 false false true CJ false false false true true false false false false X 35 30 false false false false true true false true true false false false true true true true true false false false OH X ALICIA LAMANCUSA VP FINANCE 3305438171 ONE PERKINS SQUARE AKRON OH 44308 William H Considine Chief Executive Officer 8.0 50.0 X X 0 2374317 82734 Michael P Trainer Treasurer/CFO 8.0 44.0 X X 0 607740 28778 John LaGuardia Executive Director 40.0 0.0 X 290798 0 22807 Kerwyn Jones MD Director 1.0 41.0 X 0 655075 120958 Jeffrey Hord MD Director 1.0 41.0 X 0 352016 143572 Frank Bevilacqua Secretary 2.0 0.0 X X 0 0 0 Thomas Crowley Director 1.0 2.0 X 0 0 0 David Bouffard Director 1.0 0.0 X 0 0 0 Kyle Cheney Director 1.0 0.0 X 0 0 0 Paul Dutton Co-Chairman 2.0 1.0 X X 0 0 0 Charles Freeman Director 1.0 0.0 X 0 0 0 Joyce Berkenstock Director 1.0 12.0 X 0 0 0 Gayle Gorman-Green Director 1.0 0.0 X 0 0 0 Paul Catania Director 1.0 0.0 X 0 0 0 Raymond Hexamer Director 1.0 0.0 X 0 0 0 Kevin Helmick Director 1.0 0.0 X 0 0 0 Douglas Kovatch Director 1.0 1.0 X 0 0 0 Kathy Lane Director 1.0 18.0 X 0 0 0 Carter Lewis Director 1.0 0.0 X 0 0 0 Philip Maynard Director 1.0 8.0 X 0 0 0 Gregory McDermott Co-Chairman 12.0 10.0 X X 0 0 0 Eveline Nordhauss Director 1.0 1.0 X 0 0 0 Ernest Pouttu Director 1.0 0.0 X 0 0 0 William Schumacher Director 1.0 0.0 X 0 0 0 Walton Silver Director 1.0 1.0 X 0 0 0 James Sisek ESQ Director 1.0 0.0 X 0 0 0 Diana McCool Director 1.0 0.0 X 0 0 0 John Orr Director 1.0 22.0 X 0 0 0 Linda Venner Director 1.0 0.0 X 0 0 0 Brian Wagner Director 1.0 1.0 X 0 0 0 Bennett Gaines Director 1.0 0.0 X 0 0 0 Kelly Glover Director 1.0 0.0 X 0 0 0 Jeffrey Rovnak Director 1.0 1.0 X 0 0 0 Charles Schmutz Director 1.0 1.0 X 0 0 0 Mark Oelschlager Director 1.0 1.0 X 0 0 0 290798 3989148 398849 1 false true false 0 571610 621795 12422546 13615951 0 2228021 2228021 0 0 0 0 0 55186412 51372058 3814354 3814354 3814354 0 571610 359728 -359728 -359728 0 0 0 0 0 0 0 19298598 0 5682647 7957892 7957892 0 0 0 313605 313605 0 1768436 1768436 142023 142023 240782 240782 114613 114613 0 0 0 0 0 241858 241858 2468 2468 74497 74497 249152 249152 0 0 96822 96822 110282 110282 0 0 0 0 29700 29700 0 EQUIP REPAIR & MAINTENANCE 2534 2534 DONOR CULTIVATION 265510 265510 11610174 7957892 241858 3410424 0 0 0 0 13129881 8588604 0 0 0 0 0 0 0 0 0 0 125000 178531 575004 470676 123629 104328 96910990 115824300 0 0 0 0 0 0 8279263 8670444 118568763 133366207 101100 140521 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3999441 1335819 4100541 1476340 X 47517221 59299437 52375729 57244292 14575272 15346138 114468222 131889867 118568763 133366207 X 7688424 9342040 391181 X false true X true false X 17220384 20217813 13099331 11298525 13615950 75452003 0 0 17220384 20217813 13099331 11298525 13615950 75452003 7427256 68024747 1564724 1991000 1445753 1523785 2228021 8753283 0 0 84205286 0.80784 0.78755 X 70020604 7953081 4840320 7089284 75724721 69532080 6355857 1475972 7343305 70020604 84300290 8433656 -2702700 20499166 69532080 71912635 15982748 215179 3810272 84300290 55185519 12047723 8291351 3611958 71912635 0.04140 0.20270 0.75590 true false 575004 470676 104328 104328 BENEFICIAL INTEREST IN TRUSTS 8670444 8670444 0 INTRAFUND PAYABLE 896140 RONALD MCDONALD HOUSE LIABILITY 439679 1335819 Part V, Line 4 - Intended Use for Endowment Funds Temporarily restricted funds are subject to purpose or time restrictions imposed by the donor. Those funds are held until the specific purpose is met and then they are released from restrictions. Permanently restricted funds are funds that are invested in perpetuity and are not available to fund any current operations. The earnings from the endowment fund can be used for the specific purpose imposed by the donor. Board designated funds include funds from unrestricted sources that have been internally designated by the Board of Directors to function as endowments. These funds are to be used for the sole purpose for which they were designed. Akron Children's Hospital Foundation does have a policy in place to monitor all unrestricted, temporarily and permanently restricted funds. Part X, Line 2 - FIN 48 (ASC 740) Akron Children's Hospital Foundation is a subsidiary in the consolidated financial statements of Children's Hospital Medical Center of Akron ("CHMCA"). CHMCA adopted Accounting Standards Codification 740 (ASC 740) in 2007 which requires businesses to analyze and disclose income tax risks. No disclosures were required under GAAP as CHMCA did not have any material tax consequences that required a liability to be disclosed in the financial statements. AK RADIOTHON 396750 396750 317177 MV RADIOTHON 174860 174860 42551 0 571610 571610 359728 359728 -359728 true CHILDREN'S HOSPITAL MEDICAL CENTER OF AKRON ONE PERKINS SQUARE AKRON OH 44308 340714357 501(c)(3) 4804887 PATIENT CARE NEEDS CHILDREN'S HOSPITAL MEDICAL CENTER OF AKRON ONE PERKINS SQUARE AKRON OH 44308 340714357 501(c)(3) 3153005 CHMCA BLDG EXPANSION 1 Part I, Line 2 Akron Children's Hospital Foundation provides support to Children's Hospital Medical Center of Akron. All donations received by the Foundation are recorded appropriately to the fund of the donor's intent; unrestricted, temporarily restricted, or permanently restricted. Those funds are used appropriately, per the donor's intent, by CHMCA to further its mission. Processes, such as proper expense and capital approval are in place to monitor the proper use of those funds. The fund balances are reviewed monthly to ensure the funds are being used as intended. X X true true false true false false false false false false false William H Considine Chief Executive Officer 0 1413827 0 450100 0 510390 0 61022 0 21712 0 2457051 0 0 Michael P Trainer Treasurer/CFO 0 486453 0 115100 0 6187 0 18900 0 9878 0 636518 0 0 John LaGuardia Executive Director 211781 0 75000 0 4017 0 5384 0 17423 0 313605 0 0 0 Kerwyn Jones MD Director 0 615461 0 35954 0 3660 0 92400 0 28558 0 776033 0 0 Jeffrey Hord MD Director 0 324181 0 25000 0 2835 0 111977 0 31595 0 495588 0 0 Part I, Line 1a - Fringe or Expense Explanation John LaGuardia, Executive Director of the Akron Children's Hospital Foundation, has a country club membership that is used for business purposes with current and prospective donors. Part I, Line 3 - Top Management Official's Compensation Akron Children's Hospital Foundation relied on the related organization, CHMCA, to establish the top management official's compensation. Part I, Line 4b WILLIAM CONSIDINE IS A PARTICIPANT IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN AS OF JANUARY 1, 2010. THE PLAN IS A NONQUALIFIED DEFERRED COMPENSATION PLAN. IT IS AN UNFUNDED PLAN MAINTAINED PRIMARILY FOR THE PURPOSE OF PROVIDING DEFERRED COMPENSATION BENEFITS. THE PARTICIPANT RECEIVES CREDITS IN THE PLAN FOR EACH FULL CALENDAR YEAR OF SERVICE AND HE IS 100% VESTED. THE NON-QUALIFIED DEFERRED PAYMENT TO WILLIAM CONSIDINE IN 2017 WAS $364,000. Part VI, Line 6 - Classes of Members or Stockholders Children's Hospital Medical Center of Akron ("CHMCA") is the sole member of Akron Children's Hospital Foundation. Part VI, Line 7a - Election of Members and Their Rights CHMCA is the parent company of Akron Children's Hospital Foundation and its governing body has the right to elect or appoint members of the organization's governing body. Part VI, Line 11b - Organization's Process to Review Form 990 The Form 990 is provided to the Audit Committee and Chairman of the Board of Directors of CHMCA for review and discussion prior to filing the return with the Internal Revenue Service. The Audit Committee is a Committee of the Board of Directors and empowered to complete the review on behalf of the Board of Directors. Part VI, Line 12c - Enforcement of Conflicts Policy The policies and procedures of Akron Children's Hospital Foundation are administered by CHMCA. It is CHMCA's policy that all Board members disclose real or apparent conflicts of interest as a condition of employment. CHMCA also requires that each Board member disclose in writing, annually, to the President a list of all businesses or other organizations in which he/she is an officer, member, owner, shareholder, trustee or employee for which he/she acts as an agent or might reasonably in the future enter into a relationship or transaction in which the employee could have a duality of interest. If a situation arises in which there is a duality of interest, or a question of duality of interest, and, as such, potential for a conflict of interest, it is the primary responsibility of the individual directly involved and responsibility of other personnel, to the extent that they become aware of a duality of interest, to make immediate and complete written disclosure to the appropriate management. He/she will review the situation with the Vice President of Corporate Services who will present it to the President or her designee. It is the responsibility of the President or her designee to evaluate any circumstance in which a duality of interest exists, (if known, when disclosed or undisclosed), to determine whether the duality represents the potential for a conflict of interest, and whether such conflict is so substantial that it is deemed to be detrimental to CHMCA. Any Board member who is directly or indirectly involved in a situation which represents a duality of interest, and as such, a potential conflict of interest, will abide by the following policies: 1. Individual will not be permitted access to any information which may provide an unfair advantage to that individual or the firm he/she represents. 2. Individual will be required to withdraw from any meeting in which the matter is discussed. 3. Individual will not be permitted to participate in deliberation or vote on the matter and will be required to leave the room during voting. 4. Any Board member is expressly prohibited from releasing any "sensitive information" regarding a decision made or being considered to any person who may have a duality of interest, and as such, a potential conflict of interest. 5. Any attempt on the part of any Board member to unfairly influence or impact the decision making process in favor of personal interest may be considered breach of trust and may be cause for removal from his/her position of responsibility or other disciplinary action up to and including discharge. Part VI, Line 15a - Compensation Process for Top Official CHMCA's executive total compensation program is governed by the Compensation Committee ("Committee") of the Board of Directors, who also determines the compensation of the Akron Children's Hospital Foundation officers, directors and key employees. Key Committee responsibilities include: -- Ensure executive total compensation is appropriate in light of CHMCA's mission and values -- Approve an executive compensation philosophy, the associated programs, and all compensation actions for individual executives The Committee is comprised of independent members of the Board of Directors who have no personal interest in any executive compensation transaction. The Committee governs CHMCA's executive total compensation for all senior executives who are deemed to be disqualified persons. The Committee also governs the total compensation of other disqualified persons, e.g., family members of board members or executives who are employed by CHMCA. The Committee reviews appropriate sections of CHMCA's IRS Form 990 before it is filed to ensure accuracy and completeness. Part VI, Line 15b - Compensation Process for Officers An independent salary survey was completed in 2017 and was provided and presented by the independent consultant to the Committee for approval. Key Committee responsibilities include: -- Ensure executive total compensation is appropriate in light of CHMCA's mission and values. -- Approve an executive compensation philosophy, the associated programs, and all compensation actions for individual executives The Committee is comprised of independent members of the Board of Directors who have no personal interest in any executive compensation transaction. The Committee governs CHMCA's executive total compensation for all senior executives who are deemed to be disqualified persons. The Committee also governs the total compensation of other disqualified persons, e.g., family members of board members or executives who are employed by CHMCA. Part VI, Line 19 - Governing Documents Disclosure Explanation Akron Children's Hospital Foundation makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. In addition, the governing documents are located on the Ohio Secretary of State's Website. The financial statements are also disclosed on the EMMA (Electronic Municipal Market Access) website. Part XI, Line 9 - Other Changes in Net Assets Increased Value in Beneficial Interest in Trusts $391,181 Part V, Line 2 (a) - Additional Information The Akron Children's Hospital Foundation ("ACHF") reports 0 employees on Form 990, Part 1, Question 5 and Form 990, Part V, Question 2a as it is not required to file Form W-3, transmittal of wages and tax statement. ACHF's compensation is paid by the related organization, Children's Hospital Medical Center of Akron ("CHMCA") which issues the form W-2 and W-3, and the expense is transferred to ACHF. The compensation amounts reported in this 990 reflect the amount transferred to ACHF from CHMCA. CHILDREN'S HOSPITAL MED CENTER OF AKRON ONE PERKINS SQUARE AKRON OH 44308 340714357 HOSPITAL OH 501(c)(3) 3 na false CHILDREN'S HOME CARE GROUP ONE PERKINS SQUARE AKRON OH 44308 341575266 HOME CARE OH 501(c)(3) 12a CHMCA true CHILD DIMENSIONS INSURANCE COMPANY ONE PERKINS SQUARE AKRON OH 44308 030317160 INSURANCE OH 501(c)(3) 12a CHMCA true false true true false false false false false false false false false false false false true true false false