2016-11-11T12:36:01-06:00 2015-12-31 ERNST & YOUNG US LLP 950 MAIN AVENUE SUITE 1800 CLEVELAND OH 44113 990 2015-01-01 237114013 Akron Children's Hospital Foundation % ALICIA LAMANCUSA VP FINANCE AKRO 3305438171 ONE PERKINS SQUARE AKRON OH 44308 WILLIAM CONSIDINE PRESIDENT 3305434251 2016-11-15 true TERENCE M KENNEDY P00089502 2168615000 2015 2017-02-10 21:41:12Z WILLIAM CONSIDINE ONE PERKINS SQUARE AKRON OH 44308 70091119 false X AkronChildrens.org/cms/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 funds from donors. 33 28 25 0 0 0 20217813 13099331 0 0 5642202 3604149 -310685 -377238 25549330 16326242 13066478 29580083 0 0 1744676 1780330 0 0 2798744 1206030 1291165 16017184 32651578 9532146 -16325336 139577314 117934300 9974281 8419187 129603033 109515113 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 FUNDS FROM DONORS TO FURTHER THE MISSION OF CHMCA. false false 29580083 29580083 0 During 2013, CHMCA launched a $200 million expansion project of it's Akron hospital campus to meet the current and future needs of children and their families. This expansion project included the building of a new neonatal intensive care unit, a new emergency department, dedicated outpatient surgical suites and dedicated space for several of the hospital's pediatric subspecialty programs. The expansion project was a result of significant growth in the hospital's patient volumes and services. Philanthropy played a key role in the success of the campus expansion. The Kay Jeweler's Pavilion was opened in May 2015 and $15,542,963 was raised by the Foundation to offset the costs of construction. Over and above the $15 million raised, $12,500,000 of unrestricted Foundation funds were used for the capital project during 2014 and 2015. During 2015, another $7,787,120 Foundation funds were used by CHMCA to support its mission. Of that amount, $2,605,000 was provided by the Foundation for CHMCA's program operating expenses at the Akron and Mahoning Valley locations that would not have otherwise been available through the annual budget. Additional support also went for the following programs: $920,732 Hematology/Oncology, $300,352 Global Health, $298,417 Palliative Care, $259,638 Community Youth Fitness, $244,045 Research and Education, $216,681 Reach Out and Read Program, $177,362 Regional Burn Center, $128,174 Mahoning Valley Healthy Kids Program, and $94,975 Mahoning Valley Orthopedics. The remaining amount was used for patient care and support programs including Neonatal, Pediatrics, Child Advocacy, and other programs. Since the Foundation's creation, it has provided the sources to purchase specialized lifesaving medical equipment which might not have othewise been possible within the Hospital's budget limitations. The Foundation has financed medical research into 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. 29580083 true true false false false false false false false true true false false true true false false true false false true 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 25 false false true CJ false false false true true false false false false X 33 28 false false false false true true false true true false false false true true true true false false false false OH X ALICIA LAMANCUSA VP FINANCE 3305438171 ONE PERKINS SQUARE AKRON OH 44308 William H Considine President/CEO 8.0 49.0 X X 0 2096548 -46171 Michael P Trainer Treasurer/CFO 8.0 42.0 X X 0 566014 28956 John Zoilo Vice Chair/VP Foundation 40.0 0.0 X X 319622 0 60113 Kerwyn Jones MD Director 1.0 40.0 X 0 697014 24785 Jeffrey Hord MD Director 1.0 40.0 X 0 358875 37278 Frank Bevilacqua Director 1.0 0.0 X 0 0 0 Paul Catania Director 1.0 0.0 X 0 0 0 Linda Churchman Director 1.0 0.0 X 0 0 0 Robert Cooper Director 1.0 0.0 X 0 0 0 Paul Dutton Secretary 2.0 0.0 X X 0 0 0 Chuck Eddy Jr Director 1.0 0.0 X 0 0 0 Charles Freeman Director 1.0 0.0 X 0 0 0 Valerie Geiger Director 1.0 0.0 X 0 0 0 Gayle Gorman-Green Director 1.0 0.0 X 0 0 0 Patricia Grant Director 1.0 15.0 X 0 0 0 Raymond Hexamer Director 1.0 0.0 X 0 0 0 Patrick James Director 1.0 0.0 X 0 0 0 Robin Kane Director 1.0 0.0 X 0 0 0 Douglas Kovatch Director 1.0 0.0 X 0 0 0 Kara Lewis Director 1.0 0.0 X 0 0 0 Robert Littman Director 1.0 0.0 X 0 0 0 Philip Maynard Chairman 12.0 8.0 X X 0 0 0 Gregory McDermott Director 1.0 10.0 X 0 0 0 Eveline Nordhauss Director 1.0 0.0 X 0 0 0 Mark Oelschlager Director 1.0 0.0 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 0.0 X 0 0 0 James Sisek ESQ Director 1.0 0.0 X 0 0 0 Kevin Tichnell Director 1.0 0.0 X 0 0 0 Robert Trabucco Director 1.0 21.0 X 0 0 0 Linda Venner Director 1.0 0.0 X 0 0 0 Dennis Weiland Director 1.0 0.0 X 0 0 0 319622 3718451 104961 1 false true false 0 565242 794047 11740042 13099331 0 1445753 1445753 0 0 0 0 0 55546035 53387639 2158396 2158396 2158396 565242 377238 -377238 -377238 0 0 0 16326242 3226911 29580083 29580083 0 0 0 379735 379735 0 1057247 1057247 42819 42819 236309 236309 64220 64220 0 0 0 0 0 272751 272751 46588 46588 100449 100449 282323 282323 0 0 178326 178326 59351 59351 0 0 0 0 40211 40211 0 EQUIP REPAIR & MAINTENANCE 1192 1192 DONOR CULTIVATION 309974 309974 32651578 29580083 272751 2798744 0 0 0 0 19898830 12926209 0 0 0 0 0 0 0 0 0 0 142405 138000 594610 444335 152687 150275 110292366 96352781 0 0 0 0 0 0 9091026 8367035 139577314 117934300 1787783 115305 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8186498 8303882 9974281 8419187 X 52251157 43447484 65399868 51888816 11952008 14178813 129603033 109515113 139577314 117934300 X -16325336 -3038592 -723992 X false true X true false X 17293548 10764433 17220384 20217813 13099331 78595509 0 0 17293548 10764433 17220384 20217813 13099331 78595509 15525903 63069606 1528542 1676457 1564724 1991000 1445753 8206476 0 0 86801985 0.72659 0.72442 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 84300290 8433656 -2702700 20499166 69532080 71912635 15982748 215179 3810272 84300290 55185519 12047723 8291351 3611958 71912635 48292758 7590996 3474164 4172399 55185519 42191502 11512095 -1529858 3880981 48292758 0.04980 0.20390 0.74630 true false 0 0 0 0 0 0 594610 444335 150275 150275 TRUSTS RECEIVABLE 8367035 8367035 0 INTRAFUND PAYABLE 852590 RONALD MCDONALD HOUSE LIABILITY 7451292 8303882 Part V, Line 4 - Intended Use for Endowment Funds Temporarily restricted funds are subject to purpose 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 designed to function as endowments. These funds are to be used for the sole purpose as they were designed for. 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 Akron Children's Hospital Foundation is a subsidiary in the consolidated financial statements of Children's Hospital Medical Center of Akron ("CHMCA"). CHMCA adopted FIN 48 (ASC 740) in 2007. 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. Central America and the Caribbean Investments 6435423 6435423 6435423 false false true false false false AKRON RADIOTHON 406999 406999 353682 MV RADIOTHON 158243 158243 23556 0 565242 565242 377238 377238 -377238 true CHILDREN'S HOSPITAL MEDICAL CENTER OF AKRON ONE PERKINS SQUARE AKRON OH 44308 340714357 501(c)(3) 7787120 PATIENT CARE NEEDS CHILDREN'S HOSPITAL MEDICAL CENTER OF AKRON ONE PERKINS SQUARE AKRON OH 44308 340714357 501(c)(3) 21792963 CHMCA BLDG EXPANSION 1 Part I, Line 2 Akron Children's Hospital Foundation provides support for the needs of CHMCA. 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 their 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 the donor wishes. X X true true false true false false false false false false false William H Considine President/CEO 0 1371975 0 240000 0 484573 0 -61700 0 15529 0 2050377 0 0 Michael P Trainer Treasurer/CFO 0 478040 0 82000 0 5974 0 18550 0 10406 0 594970 0 0 John Zoilo Vice Chair/VP Foundation 273990 44000 1632 52598 7515 379735 0 Kerwyn Jones MD Director 0 638066 0 55426 0 3522 0 5300 0 19485 0 721799 0 0 Jeffrey Hord MD Director 0 331140 0 25000 0 2735 0 16718 0 20560 0 396153 0 0 Part I, Line 1a - Fringe or Expense Explanation John Zoilo, Vice President 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 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 2015 was $312,000. Part III - Other Additional Information AKRON CHILDREN'S HOSPITAL FOUNDATION RELIED ON THE RELATED ORGANIZATION, CHCMA, TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION. JOHN ZOILO'S COMPENSATION WAS PAID THROUGH A COMMON PAYMASTER OF CHMCA. 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 employees disclose real or apparent conflicts of interest as a condition of employment. CHMCA also requires that each employee 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 Vice President. He/she will review the situation with the Vice President of Corporate Services who will present it to the President of his designee. It is the responsibility of the President or his 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 employee 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 advantange 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 employee 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 employee 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 the CHMCA's mission and values, and - 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. Should a potential conflict of interest be identified, the Committee determines the extent of the conflict and the means to address it. In certain cases, a Committee member may be asked not to participate in discussions of, or vote on, a particular 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 follows all steps required by the Internal Revenue Service to qualify for the safe harbor under the Intermediate Sanctions regulations. The Committee: 1) Reviews compensation data for comparable positions at similar organizations which are compiled by an independent consultant it engages, 2) Uses this data to make executive decisions, and 3) Documents its compensation deliberations and decisions in a timely manner. 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 2015 and was provided and presented by the independent consultant to the Committee for approval. 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 Decreased Value in Beneficial Interest in Trusts ($723,992) Part V, Line 2 (a) - Additional Information Akron Children's Hospital Foundation does have its own employees but uses a common paymaster with its related organization, CHMCA. CHMCA prepares and issues all W-2's to the employees of the Akron Children's Hospital Foundation. 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) 11a CHMCA true CHILD DIMENSIONS INSURANCE COMPANY ONE PERKINS SQUARE AKRON OH 44308 030317160 INSURANCE OH 501(c)(3) 11a CHMCA true false true true false false false false false false false false false false false false true true false false