2012-05-11T11:05:07-05:00 2011-06-30 DELOITTE TAX LLP 1111 BAGBY STREET SUITE 4500 HOUSTON TX 770022591 990 2010-07-01 710568795 ARKANSAS CHILDREN'S HOSPITAL FOUNDATION INC ARKA 5013642555 1 CHILDRENS WAY LITTLE ROCK AR 72202 JOHN BEL 5013642555 2012-05-11 1 SRIRAM SRINIVASAN 7139822000 2010 2016-02-24 21:20:13Z JOHN BEL 1 CHILDRENS WAY LITTLE ROCK AR 72202 47518934 0 X WWW.ARCHILDRENS.ORG X 1982 AR MAKING FRIENDS AND RAISING FUNDS IN SUPPORT OF ARKANSAS CHILDREN'S HOSPITAL AND RESEARCH INSTITUTE. 32 30 51 774 0 0 18076952 26154853 0 0 4177022 9334325 73943 18366 22327917 35507544 11107883 12948442 0 0 2898613 3333802 325480 308080 4473449 1273635 1317326 15605611 17907650 6722306 17599894 181533124 218704113 1700690 1841063 179832434 216863050 THE MISSION OF THE ARKANSAS CHILDREN'S HOSPITAL FOUNDATION IS TO MAKE FRIENDS AND RAISE FUNDS IN SUPPORT OF ARKANSAS CHILDREN'S HOSPITAL AND ARKANSAS CHILDREN'S HOSPITAL RESEARCH INSTITUTE. 0 0 12948442 12948442 9687535 ARKANSAS CHILDREN'S HOSPITAL FOUNDATION IS THE FUNDRAISING ARM FOR ARKANSAS CHILDREN'S HOSPITAL AND ITS RELATED INSTITUTIONS, INCLUDING THE ARKANSAS CHILDREN'S HOSPITAL RESEARCH INSTITUTE. THE FOUNDATION'S MISSION IS TO MAKE FRIENDS AND RAISE FUNDS TO SUPPORT ARKANSAS CHILDREN'S HOSPITAL AND THE ARKANSAS CHILDREN'S HOSPITAL RESEARCH INSTITUTE, THUS ENHANCING PATIENT CARE, RESEARCH, EDUCATION AND PREVENTION. 12948442 1 1 0 0 0 0 1 0 1 1 0 0 0 0 0 0 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 0 1 38 0 51 1 0 0 0 0 0 1 1 0 0 0 1 0 0 X 32 30 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 0 AR X GENA WINGFIELD 5013642555 1 CHILDRENS WAY LITTLE ROCK AR 72202 X JOHN BEL 40.00 X X 276736 0 95685 PAT ALLEN 0.10 X 0 0 0 RITTER ARNOLD 0.10 X 0 0 0 SHARON BALE 0.10 X 0 0 0 JONATHAN BATES MD 3.00 X X 0 521420 92262 TOM BAXTER 0.30 X 0 0 0 FRANCES BUCHANAN 0.20 X 0 0 0 WILLIAM CLARK 0.10 X 0 0 0 ROBERT G CRESS 0.10 X 0 0 0 CHUCK ERWIN III 0.20 X 0 0 0 RHONDA FORRESTER 0.10 X 0 0 0 HAYDEN FRANKS MD 0.10 X 0 0 0 ROBIN GEORGE 0.10 X 0 0 0 BILL HANNAH 0.10 X 0 0 0 ANNE A HICKMAN 0.10 X 0 0 0 RAY HOBBS 0.00 X 0 0 0 SHARON LAMB 0.10 X 0 0 0 MARK LARSEN 0.10 X 0 0 0 DIANE MACKEY 0.30 X 0 0 0 MARK MCCASLIN 0.20 X 0 0 0 JIM MCCLELLAND 0.10 X 0 0 0 KATHY MCCONNELL 0.10 X 0 0 0 BARBARA MOORE 0.10 X 0 0 0 JEFFREY W NOLAN 0.00 X 0 0 0 ROBERT PORTER MD 0.20 X 0 0 0 SARA M RICHARDSON 0.00 X 0 0 0 VICKI SAVIERS 0.00 X 0 0 0 PHILIP W SCHMIDT 0.10 X 0 0 0 PATRICK SCHUECK 0.20 X 0 0 0 BELINDA SHULTS 0.10 X 0 0 0 WITT STEPHENS 0.00 X 0 0 0 STEPHEN L STRANGE 0.00 X 0 0 0 ANNA STRONG 0.20 X 0 0 0 CELIA SWANSON 0.00 X 0 0 0 MARIANNE THOMPSON 0.10 X 0 0 0 SUE TROTTER 0.10 X 0 0 0 CHARLES B WHITESIDE III 0.30 X X 0 0 0 TOM WOMACK 0.10 X 0 0 0 FRED SCARBOROUGH 40.00 X 147486 0 18846 JENNIFER CARLISLE 40.00 X 107095 0 10978 531317 521420 217771 3 0 1 0 CHILDREN'S MIRACLE NETWORK 205 WEST 700 SOUTH SALT LAKE CITY UT 84101 FUNDRAISING SERVICES 465189 LUTHER KING CAPITAL MANAGEMENT 301 COMMERCE ST 1600 FORT WORTH TX 76102 INVESTMENT MANAGEMENT FEES 177668 FOUNDATION RESOURCE MANAGEMENT INC 401 W CAPITOL AVE 503 LITTLE ROCK AR 72201 INVESTMENT MANAGEMENT FEES 167855 3 59540 5372243 2655116 18067954 301685 26154853 4829785 4829785 179526 179526 182580 8896 173684 173684 173684 16059459 11543450 11469 4516009 -11469 4504540 4504540 112731 5372243 447575 -334844 -334844 35507544 9687535 0 -334844 12948442 12948442 717191 717191 2035663 2035663 370561 370561 210387 210387 4509 4509 1220 1220 308080 308080 485759 485759 146815 146815 275912 275912 41822 41822 1371 1371 57237 57237 1699 1699 96794 96794 30189 30189 DUES AND SUBSCRIPTIONS 46815 46815 DONOR RELATIONS & RECOG 34701 34701 MINOR EQUIPMENT 15508 15508 76975 76975 17907650 12948442 485759 4473449 2488105 4719312 6267785 14218235 27731 29021 3269902 391968 2784454 2877934 160833709 187082454 54040 54040 9077300 9723117 181533124 218704113 1700690 1841063 1700690 1841063 X 117131670 138956883 36155709 48213326 26545055 29692841 179832434 216863050 181533124 218704113 X 17599894 19430722 X 0 1 1 X 0 X 13080550 19268706 14369765 18076952 26154853 90950826 13080550 19268706 14369765 18076952 26154853 90950826 7576212 83374614 4090148 4667452 4989426 4620053 5182994 23550073 114500899 0.72820 0.72000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 161715286 10101382 23891712 5727693 189980687 145964751 12053113 14382271 10684849 161715286 155593081 7376026 -14689919 2314437 145964751 0.85000 0.15000 0 0 296920 155008 141912 218562 189245 29317 2400000 354420 47715 2706705 2877934 PART III, LINE 1A: THE ARTWORK CONTRIBUTED TO ACHF IN FY09 APPRAISED FOR $238,200 AND INCLUDED APPROXIMATELY 1,000 WORKS ON PAPER BY 77 ARTISTS. PART III, LINE 4: THE ARTWORK CONTRIBUTED TO ACHF IN FY09 APPRAISED FOR $238,200 AND INCLUDED APPROXIMATELY 1,000 WORKS ON PAPER BY 77 ARTISTS. THE ARTWORK MAY BE DISPLAYED IN VARIOUS LOCATIONS THROUGHOUT THE HOSPITAL. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: EARNINGS FROM ENDOWMENT FUNDS WILL BE USED TO SUPPORT HOSPITAL PROGRAMS AND RESEARCH. X X X X X X 1 CHILDREN'S MIRACLE NETWORK 200 WEST 700 SOUTH SALT LAKE CITY UT 84101 PAYMENTS FOR FUNDRAISING EXPENSES 0 3502960 560795 2942165 CONFLUENT 7300 HUDSON BLVD SUITE 270 ST PAUL MN 55128 PAID PHONE SOLICITATION OF ACH DONORS 0 128648 56723 71925 CSG 9555 MAROON CIRCLE ENGLEWOOD CO 80112 DIRECT MAIL OF ACH DONORS 0 43002 70623 -27621 3674610 688141 2986469 AR TX NV ID MT WY SD NE IA IN NH DE OK MS LA CO GOLF TOURNAMENT 918916 806185 112731 19735 RADIOTHON 237527 237527 6638 1897 4328531 4328531 421202 5484974 5372243 112731 447575 447575 -334844 EXPLANATION OF FUNDRAISING PAYMENTS SCHEDULE G, PART I, LINE 2B, COLUMN (V) PAYMENTS FOR FUNDRAISING EXPENSES FOR VARIOUS GRASSROOTS FUNDRAISING ACTIVITIES, INCLUDING ICON SALES, COIN COLLECTIONS, MEDIA CAMPAIGNS, TELEVISION MARKET FEES, AND GOLF TOURNAMENTS WHICH ARE HELD AT CMN NATIONAL SPONSOR LOCATIONS. INCLUDES EXPENSES RELATED TO ALL CMN ACTIVITIES, INCLUDING CMN DISBURSEMENT AND ACHF RUN CMN ACTIVITIES. SCHEDULE G, PART I, LINE 2B, COLUMN (III): FOR THE MAJORITY OF CONTRIBUTIONS RECEIVED AS A RESULT OF CMN, CONFLUENT AND CSG FUNDRAISING EFFORTS, ACHF MAINTAINS CUSTODY AND CONTROL OF THE FUNDS. THERE IS A PORTION, HOWEVER, THAT CMN CONTROLS THAT IS RECEIVED THROUGH DIRECT DISBURSEMENT. SCHEDULE G, PART I, LINE 2B, COLUMN (IV):INCLUDES REVENUE RECEIVED FROM CMN DIRECT DISBURSEMENT TO ACHF OF $2,151,918 AS WELL AS REVENUE OF $1,351,042 GENERATED THROUGH ACHF RUN CMN ACTIVITIES WHERE THE INCOME IS RECEIVED BY ACHF DIRECTLY FROM DONORS. 1 ARKANSAS CHILDREN'S HOSPITAL 1 CHILDRENS WAY LITTLE ROCK AR 72202 710236857 501(C)(3) 12087351 3000 FMV DONATED LOT RETAINED BY THE HOSPITAL GENERAL SUPPORT ARKANSAS CHILDREN'S HOSPITAL RESEARCH INSTITUTE 13 CHILDRENS WAY LITTLE ROCK AR 72202 710694931 501(C)(3) 858090 RESEARCH 2 0 OTHER INFORMATION: PART IV: ARKANSAS CHILDREN'S HOSPITAL FOUNDATION DOES NOT ROUTINELY MAKE MONETARY GRANTS TO OTHER ORGANIZATIONS OR INDIVIDUALS, AND THEREFORE REFERENCE TO THESE MONITORING PROCEDURES IS NOT APPLICABLE. ASSISTANCE IS PROVIDED PRIMARILY TO RELATED TAX-EXEMPT ORGANIZATIONS IN FURTHERANCE OF THEIR EXEMPT PURPOSES. X X 1 1 X X X X X 0 1 0 0 0 0 0 1 0 JOHN BEL 257046 0 18000 0 1690 0 88646 0 7039 0 372421 0 0 0 JONATHAN BATES MD 0 452459 0 65000 0 3961 0 84998 0 7264 0 613682 0 0 FRED SCARBOROUGH 134321 0 13000 0 165 0 9702 0 9144 0 166332 0 0 0 PART I, LINE 1A CHARTER TRAVEL IS USED BY ACH AND FOUNDATION BOARD MEMBERS (OCCASIONALLY SPOUSES) AND STAFF FOR FUNDRAISING WHEN IT IS DEEMED THE MOST EFFICIENT METHOD OF TRAVEL TO DISTANT AREAS WITHIN THE STATE OR TO SURROUNDING STATES. PART I, LINE 4B ONE ACHF OFFICER AND DIRECTOR IS AN EMPLOYEE OF ARKANSAS CHILDREN'S HOSPITAL (ACH), A RELATED ORGANIZATION. ACH HAS SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS TO PROVIDE EXECUTIVES WITH RETIREMENT AND DEATH BENEFITS. THE PLAN IS INTENDED TO CONSTITUTE AN UNFUNDED PLAN FOR A SELECT GROUP OF MANAGEMENT OR HIGHLY COMPENSATED EMPLOYEES WITHIN THE MEANING OF TITLE I OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED. DURING THE 2010 TAX YEAR, THE FOLLOWING ACHF REPORTABLE INDIVIDUALS WERE ELIGIBLE TO PARTICIPATE: JONATHAN BATES, M.D. JOHN BEL NO LISTED PLAN PARTICIPANT RECEIVED PAYMENTS FROM THE SERP OR ANY OTHER RELATED RETIREMENT PLAN DURING THE 2010 TAX YEAR. PART I, LINE 7: A BONUS TO RECOGNIZE PERFORMANCE, PAID AT THE DISCRETION OF THE BOARD OF DIRECTORS, WAS PAID BASED ON CRITERIA INCLUDING PERFORMANCE AND PERIOD OF TIME WORKED DURING THE FISCAL YEAR. FOR ALL EMPLOYEES LISTED AS KEY EMPLOYEES OR OFFICERS, THE BONUS WAS REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE. X 9600 COST X 1 10750 AUCTION PROCEEDS X 16 134749 STOCK MARKET VALUE X AUCTION ITEMS 666 146586 SALE PRICE 0 0 1 1 METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: PART I, COLUMN (B): FOR PURPOSES OF THIS SCHEDULE, ARKANSAS CHILDREN'S HOSPITAL FOUNDATION IS REPORTING THE QUANTITIES IN COLUMN B BASED ON THE NUMBER OF CONTRIBUTIONS, NOT ON THE NUMBER OF ITEMS CONTRIBUTED, IN ACCORDANCE WITH OUR RECORD KEEPING PRACTICES. THIRD PARTY USE: PART I, LINE 32B: WHEN APPLICABLE, REALTORS ARE USED TO SELL DONATED PROPERTIES AND INVESTMENT COMPANIES ARE USED TO LIQUIDATE DONATED SECURITIES. FORM 990, PART VI, SECTION A, LINE 1 DURING THE INTERVALS BETWEEN THE MEETINGS OF THE BOARD OF DIRECTORS, THE EXECUTIVE COMMITTEE SHALL POSSESS AND MAY EXERCISE ALL POWERS AND FUNCTIONS OF THE BOARD OF DIRECTORS IN THE MANAGEMENT AND DIRECTION OF THE AFFAIRS OF THE CORPORATION IN ALL CASES IN WHICH SPECIFIC DIRECTIONS SHALL NOT HAVE BEEN GIVEN BY THE BOARD OF DIRECTORS. IN ADDITION TO EXERCISING THE FOREGOING INTERIM POWERS, THE EXECUITVE COMMITTEE EXCLUSIVELY SHALL EXERCISE THE BOARD'S AUTHORITY, PURSUANT TO A.C.A. SECTION 4-33-825(D), WITH RESPECT TO THE FOLLOWING: (A) TO MANAGE, INVEST, AND REINVEST THE FUNDS AND PROPERTY OF THE CORPORATION, TO SELECT AND EMPLOY BROKERS, INVESTMENT ADVISORS AND FUND MANAGERS, AND TO SUPERVISE THE PERFORMANCE THEREOF, AND GENERALLY TO EXERCISE THE INVESTMENT FUNCTION AND POWERS OF THE BOARD; (B) TO ESTABLISH THE CORPORATION'S ANNUAL BUDGETS, TO MONITOR INCOME AND EXPENSES IN COMPARISON TO BUDGET, TO BORROW FUNDS FOR PURPOSES AS SHALL SEEM FOR THE BEST INTEREST OF THE CORPORATION, AND GENERALLY TO EXERCISE THE FINANCE FUNCTION AND POWERS OF THE BOARD; (C) TO PURCHASE REAL OR PERSONAL PROPERTY ON THE CREDIT OF THE CORPORATION, AND IN CONNECTION WITH SUCH PURCHASE, OR IN CONNECTION WITH OTHER BORROWINGS OF THE CORPORATION, TO AUTHORIZE THE CORPORATION'S OFFICERS TO EXECUTE AND DELIVER PROMISSORY NOTES OR OTHER EVIDENCES OF INDEBTEDNESS OF THE CORPORATION, AND TO MORTGAGE OR PLEDGE CORPORATE PROPERTY TO SECURE PAYMENT OF SUCH INDEBTEDNESS, AND TO REPAY SUCH INDEBTEDNESS; AND, (D)TO APPLY THE UNRESTRICTED FUNDS OF THE CORPORATION TO OR FOR THE BENFIT OF ARKANSAS CHILDREN'S HOSPITAL AND ARKANSAS CHILDREN'S HOSPITAL RESEARCH INSTITUTE, INC., AND TO MAKE ALL DETERMINATIONS RELATING THERETO SUBJECT TO THE APPROVAL OF THE ACH BOARD. THE EXECUITVE COMMITTEE IS COMPRISED OF THE FOLLOWING: THE CHIEF EXECUTIVE OFFICER OF ACH, WHO IS ALSO THE CHAIRMAN OF THE FOUNDATION BOARD OF DIRETORS; SIX (6) MEMBERS OF THE ACH BOARD; ONE (1) MEMBER OF THE ARKANSAS CHILDREN'S HOSPITAL RESEARCH INSTITUTE BOARD; AND THREE AT LARGE DIRECTORS WHO ARE NOMINATED BY THE EXECUTIVE COMMITTEE OF THE FOUNDATION AND WHO ARE ELECTED TO THE EXECUTIVE COMMITTEE BY THE ACH BOARD. FORM 990, PART VI, SECTION A, LINE 6 THE FOUNDATION'S SOLE MEMBER IS ARKANSAS CHILDREN'S HOSPITAL (ACH). FORM 990, PART VI, SECTION A, LINE 7A ARKANSAS CHILDREN'S HOSPITAL IS THE SOLE MEMBER OF THE ARKANSAS CHILDREN'S HOSPITAL FOUNDATION. THE MEMBER SHALL HAVE THE RIGHT TO ELECT ALL DIRECTORS OF THE FOUNDATION, AND SHALL HAVE THE RIGHT TO REMOVE AND REPLACE ANY AND ALL DIRECTORS OF THE FOUNDATION WITH OR WITHOUT CAUSE WHENEVER, IN ITS BEST JUDGMENT, THE BEST INTERESTS OF THE CORPORATION WILL BE SERVED THEREBY. FORM 990, PART VI, SECTION A, LINE 7B ARKANSAS CHILDREN'S HOSPITAL (ACH) IS THE SOLE MEMBER OF THE ARKANSAS CHILDREN'S HOSPITAL FOUNDATION. THE MEMBER MUST APPROVE ANY AMENDMENTS TO THE FOUNDATION'S ARTICLES OF INCORPORATION AND BYLAWS. ALL RIGHTS OF THE MEMBER WITH RESPECT TO THE FOUNDATION SHALL BE EXERCISED THROUGH THE BOARD OF DIRECTORS OF ACH. FORM 990, PART VI, SECTION B, LINE 11 THE DRAFT FORM 990, WHICH IS RECONCILED TO THE FOUNDATION'S INTERNAL FINANCIAL STATEMENTS AND THE ARKANSAS CHILDREN'S HOSPITAL CONSOLIDATED AUDIT REPORT, IS INITIALLY REVIEWED WITH FOUNDATION'S MANAGEMENT. SUBSEQUENTLY, THE DRAFT FORM 990 IS REVIEWED IN DETAIL WITH MEMBERS OF THE FOUNDATION BOARD'S EXECUTIVE COMMITTEE, BY THE FOUNDATION'S MANAGEMENT AND BOTH THE SVP/CFO AND VP OF FINANCIAL OPERATIONS OF ARKANSAS CHILDREN'S HOSPITAL. IF THE REVIEW BY THE FOUNDATION BOARD'S EXECUTIVE COMMITTEE RESULTS IN REVISIONS TO THE FORM 990, THOSE REVISIONS ARE MADE, AND THE FORM 990 TO BE FILED IS PROVIDED TO THE ENTIRE BOARD PRIOR TO THE RETURN BEING FILED. IN ADDITION, THE FORM 990 TO BE FILED IS PROVIDED TO BOTH THE CHAIRMAN OF THE BOARD AND THE TREASURER OF ARKANSAS CHILDREN'S HOSPITAL. THE COMPLETE FORM 990 IS PROVIDED TO ALL PARTIES UNLESS, TO HONOR THE REQUEST OF A DONOR WE MUST REDACT PERSONAL INFORMATION ABOUT THEM TO PROTECT THEIR ANONYMITY. DURING THE 2010 TAX YEAR, WE HAVE ANSWERED "NO" TO THIS QUESTION DUE TO A REQUEST FOR DONOR ANONYMITY. THE COMPLETE FORM 990, WITH THE EXCEPTION OF THE DONOR'S NAME AND ADDRESS ON SCHEDULE B, WAS PROVIDED TO THE FOUNDATION BOARD'S EXECUTIVE COMMITTEE FOR REVIEW. THE REST OF THE REVIEW PROCESS, AS DETAILED ABOVE, WAS FOLLOWED. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION BOARD IS GOVERNED BY THE ARKANSAS CHILDREN'S HOSPITAL'S BOARD OF DIRECTORS CONFLICT OF INTEREST POLICY. ANNUAL DISCLOSURE OF CONFLICTS IS REQUIRED OF ALL BOARD MEMBERS. THE ANNUAL DISCLOSURES ARE REVIEWED BY THE FOUNDATION'S PRESIDENT AND BY THE FOUNDATION BOARD'S CHAIRMAN. DISCLOSURES ARE ALSO RECEIVED BY BOTH THE SVP/CFO AND VP OF FINANCIAL OPERATIONS OF ARKANSAS CHILDREN'S HOSPITAL FOR REPORTING PURPOSES. DURING THE YEAR, WHILE BOARD MEMBERS MAY PARTICIPATE IN INITIAL DISCUSSION, BOARD MEMBERS WHO HAVE A CONFLICT ARE PROHIBITED FROM PARTICIPATING IN DELIBERATIONS AND DECISIONS IN THE RELATED TRANSACTION AND ABSTAIN FROM VOTING, WHICH IS NOTED IN THE MINUTES. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE FOUNDATION'S PRESIDENT, SENIOR VICE PRESIDENT, VICE PRESIDENT, AND KEY EMPLOYEES IS REVIEWED BY THE ARKANSAS CHILDREN'S HOSPITAL BOARD COMPENSATION COMMITTEE WHICH IS ESTABLISHED THROUGH THE BYLAWS OF ARKANSAS CHILDREN'S HOSPITAL TO DISCHARGE THE DUTY OF THE BOARD IN FULFILLING ITS OVERSIGHT RESPONSIBILITIES FOR DETERMINING THE ADEQUACY AND REASONABLENESS OF THE COMPENSATION PAID THE CEO AND OTHER EMPLOYEES THAT THE COMMITTEE BELIEVES ARE IN A POSITION TO EXERCISE A SUBSTANTIAL INFLUENCE OVER THE AFFAIRS OF THE HOSPITAL AND ITS RELATED ORGANIZATIONS. THE COMMITTEE IS COMPOSED OF MEMBERS WHO PERSONALLY RECEIVE NO COMPENSATION, FEES, OR OTHER BENEFITS FROM THE HOSPITAL OR RELATED ORGANIZATIONS. THE COMMITTEE MAY RELY UPON REASONED WRITTEN OPINIONS OF QUALIFIED LEGAL, ACCOUNTING, VALUATION AND EXECUTIVE COMPENSATION EXPERTS. THE COMMITTEE HAS THE SOLE AUTHORITY TO RETAIN AND TERMINATE ANY SPECIAL ADVISORS USED TO ASSIST IN THE EVALUATION OF COMPENSATION. THE COMMITTEE CONTEMPORANEOUSLY, WITH MAKING ITS DETERMINATION OF REASONABLENESS WITH RESPECT TO THE COMPENSATION OF DISQUALIFIED PERSONS, DOCUMENTS IN A WRITTEN REPORT TO THE EXECUTIVE COMMITTEE AND THE BOARD, THE BASIS FOR ITS DECISIONS. SALARY RANGES FOR THE NOTED POSITIONS WERE REVIEWED IN DETAIL WITH EXTERNAL COMPENSATION CONSULTANTS IN 2007. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST AS REQUIRED. FORM 990, PART VII, SECTION A, COLUMNS E & F: COMPENSATION REPORTED IN THESE COLUMNS IS ATTRIBUTABLE TO EMPLOYEE'S TIME DEVOTED EACH WEEK TO THIS ENTITY AS WELL AS RELATED ORGANIZATIONS, AS FOLLOWS: JONATHAN BATES, M.D.: ARKANSAS CHILDREN'S HOSPITAL - 40 HOURS ARKANSAS CHILDREN'S HOSPITAL FOUNDATION - 3 HOURS ARKANSAS CHILDREN'S HOSPITAL RESEARCH INSTITUTE - 1 HOUR ARKANSAS CHILDREN'S HOSPITAL BUILDING RESEARCH FACILITY - .1 HOURS ALL OTHER COMPENSATION LISTED IN COLUMNS E OR F RELATES TO EMPLOYEES' TIME THAT IS DEVOTED TO ARKANSAS CHILDREN'S HOSPITAL FOUNDATION. ARKANSAS CHILDREN'S HOSPITAL ACCOUNTING DEPARTMENT MANAGES THE PAYROLL FUNCTION CENTRALLY FOR ARKANSAS CHILDREN'S HOSPITAL AND ALL RELATED ORGANIZATIONS. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 14,455,258. TRANSFER OF NET ASSETS TO ANNUITY RESERVE -24,536. ACHRI FUNDS INVESTED THROUGH ACHF 5,000,000. TOTAL TO FORM 990, PART XI, LINE 5: 19,430,722. ARKANSAS CHILDREN'S HOSPITAL 1 CHILDRENS WAY LITTLE ROCK AR 72202 710236857 HOSPITAL AR 501(C)(3) LINE 3 N/A 0 ARKANSAS CHILDREN'S HOSPITAL RESEARCH INSTITUTE 13 CHILDRENS WAY LITTLE ROCK AR 72202 710694931 RESEARCH AR 501(C)(3) LINE 11A, I ARKANSAS CHILDREN'S HOSPITAL 0 ARKANSAS CHILDREN'S HOSPITAL BUILDING RESEARCH FACILITY INC 1 CHILDRENS WAY LITTLE ROCK AR 72202 911940376 BUILDING MANAGEMENT AR 501(C)(3) LINE 11A, I ARKANSAS CHILDREN'S HOSPITAL 0 ARKANSAS CHILDREN'S HOSPITAL AUXILIARY 1 CHILDRENS WAY LITTLE ROCK AR 72202 710606585 FUNDRAISING AR 501(C)(3) LINE 11A, I ARKANSAS CHILDREN'S HOSPITAL 0 HOSPITAL FINANCE CORPORATION 1 CHILDRENS WAY LITTLE ROCK AR 72202 710443671 COLLECTIONS AR N/A C CHILDREN'S HEALTHCARE SYSTEM INC 1 CHILDRENS WAY LITTLE ROCK AR 72202 586304957 MANAGEMENT SERVICES AR N/A C CHILDREN'S HEALTH NETWORK INC 1 CHILDRENS WAY LITTLE ROCK AR 72202 710797428 MANAGEMENT SERVICES AR N/A C 0 1 1 1 0 0 0 0 0 0 1 0 1 0 1 0 1 1