2011-11-11T11:34:57-06:00 2010-12-31 CHILDREN'S HOSPITAL MEDICAL CTR OF AKRON ONE PERKINS SQ AKRON OH 44308 990 2010-01-01 237114013 AKRON CHILDRENS HOSPITAL FOUNDATION AKRO 3305438171 ONE PERKINS SQUARE AKRON OH 44308 MICHAEL P TRAINER 3305438171 2011-11-11 false 2011-11-11 2010 2016-03-07 17:11:31Z JOHN ZOILO ONE PERKINS SQUARE AKRON OH 44308 56208134 false X AKRONCHILDRENS.ORG 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. 36 29 16 0 7597644 9369450 0 -717891 3532519 -475753 -234187 6404000 12667782 7944402 8883343 0 1357215 1345943 0 1948384 643827 807179 9945444 11036465 -3541444 1631317 75997738 82414632 929169 976166 75068569 81438466 X 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. false false 8883343 8883343 SPURRED BY THEIR COMMON CONCERN FOR THE FUTURE OF CHILD HEALTH CARE IN THE COMMUNITY, A SMALL GROUP OF CHILDREN'S HOSPITAL TRUSTEES MET EARLY IN 1971 TO ASSESS THE LONG-TERM NEEDS OF THE INSTITUTION AND THOSE IT SERVED. THEY FORESAW AN UNPRECEDENTED PERIOD OF CHANGE AND GROWTH AHEAD, CAUSED BY THE BURGEONING ADVANCES IN MEDICAL SCIENCE AS WELL AS THE EXPANDING MULTI-COUNTY AREA SERVED BY THE HOSPITAL. THEY PREDICTED THAT, TO FULFILL THE HEALTH NEEDS OF THE COMING GENERATION, THE HOSPITAL WOULD HAVE TO UNDERGO A DRASTIC CHANGE - MOVING FROM PRIMARILY A COMMUNITY FACILITY TO A MAJOR REGIONAL MEDICAL CENTER. (CONTINUED ON SCHEDULE O) (CONTINUED FROM FORM 990, PART III, LINE 4A) AT THE SAME TIME, THEY REALIZED THAT THIS GROWTH COULD NOT BE FINANCED FROM PATIENT FEES ALONE. ON JUNE 3, 1971, THEY FORMALLY ESTABLISHED THE AKRON CHILDREN'S HOSPITAL FOUNDATION, A SEPARATE, NOT-FOR-PROFIT CORPORATION, TO SECURE FUNDS WHICH WOULD "ADD BREADTH AND DEPTH TO THE HOSPITAL'S CAPABILITIES IN HEALTH CARE, MEDICAL RESEARCH AND EDUCATION." ONE OF THE FIRST INITIATIVES OF THE BOARD OF THE NEWLY-FORMED FOUNDATION WAS TO CONDUCT A FUND RAISING APPEAL TO THE COMMUNITY, ON AN ANNUAL BASIS, USING VOLUNTEER SOLICITORS. IN ADDITION, THE FOUNDATION ESTABLISHED VARIOUS PROCEDURES FOR MANAGING AND INVESTING FUNDS THEY HOPED AND EXPECTED TO RAISE. THE FOUNDATION ALSO COMMITTED SUPPORTING EFFORTS TO EXPAND PUBLIC AWARENESS OF THE HOSPITAL AND ITS ROLES AS A REGIONAL MEDICAL CENTER FOR CHILDREN, AS WELL AS BURN VICTIMS OF ALL AGES. IN 2010, 8,883,343 OF FOUNDATION FUNDS WAS USED BY CHILDREN'S HOSPITAL TO SUPPORT ITS MISSION. OF THAT AMOUNT, 1,667,590 WAS USED FOR CAPITAL ITEMS INCLUDING 1,137,120 FOR THE CONSTRUCTION OF THE MAHONING VALLEY BEEGHLY CAMPUS, 240,000 FOR THE RENOVATION OF THE REINBERGER FAMILY CENTER, 115,340 FOR OPHTHALMOLOGY EQUIPMENT, 23,315 FOR A WHIRLPOOL TUB IN THE BURN CENTER, 13,075 FOR (2) SKIN GRAFT MESHERS IN THE BURN CENTER, 9,172 FOR (2) STRETCHERS IN THE BURN CENTER, AND 12,170 FOR A CLINICAL REAL-EAR HEARING AID ANALYZER. 3,900,000 AND 350,000 WAS PROVIDED BY THE FOUNDATION FOR CHILDREN'S HOSPITAL PROGRAMS AT THE AKRON AND MAHONING VALLEY LOCATIONS, RESPECTIVELY, THAT WOULD NOT HAVE OTHERWISE BEEN AVAILABLE THROUGH THE ANNUAL BUDGET. SPECIFIC SUPPORT IN PART WENT FOR THE FOLLOWING OPERATING SUPPORT: 288,000 ADOPTION CENTER, 617,000 HEMATOLOGY/ONCOLOGY, 308,000 PALLIATIVE CARE, 219,000 REGIONAL BURN CENTER, 220,000 PSYCHIATRY INTAKE PROGRAM, 120,000 REACH OUT AND READ PROGRAM, 100,000 COMMUNITY YOUTH FITNESS, 80,000 AUTISM FAMILY CHILD LEARNING CENTER, 50,000 CHILDREN'S BONE AND JOINT RESEARCH, AND 49,000 FOR THE CHILDREN WHO WITNESS VIOLENCE PROGRAM. THE REMAINING AMOUNT WAS USED FOR RESEARCH, TRAINING, EDUCATION AND SUPPORT PROGRAMS INCLUDING NEONATAL, PEDIATRICS, CHILD ADVOCACY AND OTHER PROGRAMS. SINCE THE FOUNDATION'S CREATION, THE VISION OF ITS FOUNDERS HAS BEEN JUSTIFIED. ALLOCATIONS FROM THE FOUNDATION HAVE PROVIDED A WIDE RANGE OF SPECIALIZED LIFESAVING MEDICAL EQUIPMENT WHICH MIGHT NOT HAVE OTHERWISE 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 CHILDREN'S HOSPITAL AT THE FOREFRONT OF HEALTHCARE, WHILE MINIMIZING THE COST OF SUCH CARE TO PATIENTS AND THEIR FAMILIES. 8883343 true true false false false false false false true true false false false true false false true false false true false false false true false false true false true false false false false false false false false true false false false false true true false false false true X 0 0 true 16 false false true CJ false false false true true false false false false X 36 29 false false false false true true false true true false false false true true true true false true true false OH X ALICIA LAMANCUSA CHILDREN'S HOSPITAL MEDICAL CENTER 3305438171 ONE PERKINS SQUARE AKRON OH 44308 X WILLIAM H CONSIDINE 6.00 X X 0 1381602 179057 MICHAEL TRAINER 2.00 X X 0 331589 32070 DR JOHN MCBRIDE 1.00 X 0 258875 100100 JOHN ZOILO 40.00 X X 198300 0 36139 DR RAJEEV KISHORE 1.00 X 0 139233 5381 PHILIP H MAYNARD 10.00 X X 0 0 0 GEORGE R SARKIS 4.00 X X 0 0 0 WILLIAM D WOOLDREDGE 4.00 X 0 0 0 JOHN R ADAMS 1.00 X 0 0 0 JAMES P BERRY 1.00 X 0 0 0 ADAM BRIGGS 1.00 X 0 0 0 DAVID BOUFFARD 1.00 X 0 0 0 DR JOHN CROW 1.00 X 0 0 0 MICHAEL GEORGE 1.00 X 0 0 0 VALERIE GEIGER 1.00 X 0 0 0 WILLARD HOLLAND 1.00 X 0 0 0 DIANA MCCOOL 1.00 X 0 0 0 THOMAS R CROWLEY 1.00 X 0 0 0 DUANE L ISHAM 4.00 X 0 0 0 MARK T LAROSE 1.00 X 0 0 0 KARA HANNUM LEWIS 1.00 X 0 0 0 JOHN H VOLLMAN MD 1.00 X 0 0 0 PATRICIA B ZIEGLER 1.00 X 0 0 0 ELIZABETH CLARK 1.00 X 0 0 0 WILLIAM CUSHWA JR 1.00 X 0 0 0 GREGORY A MCDERMOTT 1.00 X 0 0 0 JAMES D SHOWERS 1.00 X 0 0 0 GREGORY J MICHALEC 1.00 X 0 0 0 PATRICK JAMES 1.00 X 0 0 0 ROBERT COOPER 1.00 X 0 0 0 JOHN DELANEY 1.00 X 0 0 0 PAUL DUTTON 1.00 X 0 0 0 ROBERT LITTMAN 1.00 X 0 0 0 PAULA MALONE 1.00 X 0 0 0 MARK OELSCHLAGER 1.00 X 0 0 0 ALLEN RYAN JR 1.00 X 0 0 0 198300 2111299 352747 1 false true false 373659 474886 8520905 458000 9369450 1206906 1206906 45631778 43306165 2325613 2325613 2325613 373659 234187 -234187 -234187 12667782 3298332 8883343 8883343 234439 234439 922072 922072 36790 36790 94776 94776 57866 57866 204738 204738 66391 66391 119570 119570 164227 164227 58249 58249 43340 43340 23015 23015 MISCELLANEOUS EXPENSES 127649 127649 11036465 8883343 204738 1948384 1904082 3058770 410579 258958 168474 151621 72199711 77491092 1725471 1713149 75997738 82414632 209587 496658 719582 479508 929169 976166 X 39833675 43015219 26540886 29184058 8694008 9239189 75068569 81438466 75997738 82414632 X 1631317 4738580 X false true true X false X 7664463 8013271 9104405 7597644 9369450 41749233 7664463 8013271 9104405 7597644 9369450 41749233 2141257 39607976 3069267 3525236 2726606 994545 1206906 11522560 53271793 234917 0.74350 0.71550 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false 37902948 4684218 3511833 -3907497 42191502 30651079 3667095 7080420 -3495646 37902948 34179353 5744957 -4770848 -4502383 30651079 0.08930 0.21900 0.69170 false false false 410579 258958 151621 151621 INTRAFUND PAYABLE 479508 479508 INTENDED USES FOR ENDOWMENT FUNDS SCHEDULE D, PAGE 2, PART V, LINE 4 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 THE 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 INTENTIONALLY DESIGNATED TO FUNCTION AS ENDOWMENTS. THESE FUNDS ARE TO BE FOR THE SOLE PURPOSE AS THEY WERE DESIGNATED FOR. AKRON CHILDREN'S HOSPITAL FOUNDATION DOES HAVE A POLICY IN PLACE TO MONITOR ALL UNRESTRICTED, TEMPORARILY AND PERMANENTLY RESTRICTED FUNDS, SUPPLEMENTAL FINANCIAL INFORMATION SCHEDULE D, PAGE 4, PART XIV SCHEDULE D, PART X, LINE 2: AKRON CHILDREN'S HOSPITAL FOUNDATION IS A SUBSIDIARY IN THE CONSOLIDATED FINANCIAL STATEMENTS OF CHILDREN'S HOSPITAL MEDICAL CENTER OF AKRON. CHILDREN'S HOSPITAL MEDICAL CENTER OF AKRON ADOPTED FIN 48 (ASC 740) IN 2007. NO DISCLOSURES WERE REQUIRED UNDER GAAP AS CHILDREN'S HOSPITAL MEDICAL CENTER OF AKRON DOES NOT HAVE ANY MATERIAL TAX CONSEQUENCES THAT REQUIRED A LIABILITY TO BE DISCLOSED IN THE FINANCIAL STATEMENTS. CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 5566964 5566964 5566964 RADIOTHON 373659 373659 234187 373659 373659 234187 234187 -234187 false CHILDREN'S HOSPITAL MEDICAL CENTER ONE PERKINS SQUARE AKRON OH 44308 340714357 3 8883283 PATIENT CARE NEEDS 1 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS INSIDE THE UNITED STATES SCHEDULE I, PAGE 1, PART I, LINE 2 AKRON CHILDREN'S HOSPITAL FOUNDATION PROVIDES SUPPORT FOR THE NEEDS OF THE HOSPITAL (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 THE HOSPITAL TO FURTHER THE MISSION OF THE HOSPITAL. 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 false true false true false false false false false false false WILLIAM H CONSIDINE 1157023 224579 167923 11134 1560659 MICHAEL TRAINER 327906 3683 17150 14920 363659 DR JOHN MCBRIDE 255720 3155 94573 5527 358975 JOHN ZOILO 196587 1713 30775 5364 234439 FRINGE OR EXPENSE EXPLANATION SCHEDULE J, PAGE 1, PART I, LINE 1A JOHN ZOILO, VICE PRESIDENT OF THE AKRON CHILDREN'S HOSPITAL FOUNDATION, HAS A COUNTRY CLUB MEMBERSHIP THAT IS USED FOR BUSINESS MEETINGS WITH CURRENT AND PROSPECTIVE DONORS. WRITTEN REIMBURSEMENT POLICY EXPLANATION SCHEDULE J, PAGE 1, PART I, LINE 1B THE EXECUTIVE REIMBURSEMENT TO JOHN ZOILO, WHICH INCLUDES THE GROSS-UP OF THE COUNTRY CLUB DUES, HAS BEEN APPROVED BY THE BOARD OF DIRECTORS. SEVERANCE, NONQUALIFIED, AND EQUITY-BASED PAYMENTS SCHEDULE J, PAGE 1, PART I, LINE 4 WILLIAM H CONSIDINE 0 213,400 0 OTHER ADDITIONAL INFORMATION SCHEDULE J, PART III AKRON CHILDREN'S HOSPITAL FOUNDATION RELIED ON THE RELATED ORGANIZATION, CHILDREN'S HOSPITAL MEDICAL CENTER OF AKRON, TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION. JOHN ZOILO'S COMPENSATION WAS PAID THROUGH A COMMON PAYMASTER OF CHILDREN'S HOSPITAL MEDICAL CENTER OF AKRON. 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. X 1 458000 APPR. FMV LESS CASH RECD 1 false true false FIRST ACHIEVEMENT DESCRIPTION FORM 990, PAGE 2, PART III, LINE 4A (CONTINUED FROM FORM 990, PART III, LINE 4A) AT THE SAME TIME, THEY REALIZED THAT THIS GROWTH COULD NOT BE FINANCED FROM PATIENT FEES ALONE. ON JUNE 3, 1971, THEY FORMALLY ESTABLISHED THE AKRON CHILDREN'S HOSPITAL FOUNDATION, A SEPARATE, NOT-FOR-PROFIT CORPORATION, TO SECURE FUNDS WHICH WOULD "ADD BREADTH AND DEPTH TO THE HOSPITAL'S CAPABILITIES IN HEALTH CARE, MEDICAL RESEARCH AND EDUCATION." ONE OF THE FIRST INITIATIVES OF THE BOARD OF THE NEWLY-FORMED FOUNDATION WAS TO CONDUCT A FUND RAISING APPEAL TO THE COMMUNITY, ON AN ANNUAL BASIS, USING VOLUNTEER SOLICITORS. IN ADDITION, THE FOUNDATION ESTABLISHED VARIOUS PROCEDURES FOR MANAGING AND INVESTING FUNDS THEY HOPED AND EXPECTED TO RAISE. THE FOUNDATION ALSO COMMITTED SUPPORTING EFFORTS TO EXPAND PUBLIC AWARENESS OF THE HOSPITAL AND ITS ROLES AS A REGIONAL MEDICAL CENTER FOR CHILDREN, AS WELL AS BURN VICTIMS OF ALL AGES. IN 2010, 8,883,343 OF FOUNDATION FUNDS WAS USED BY CHILDREN'S HOSPITAL TO SUPPORT ITS MISSION. OF THAT AMOUNT, 1,667,590 WAS USED FOR CAPITAL ITEMS INCLUDING 1,137,120 FOR THE CONSTRUCTION OF THE MAHONING VALLEY BEEGHLY CAMPUS, 240,000 FOR THE RENOVATION OF THE REINBERGER FAMILY CENTER, 115,340 FOR OPHTHALMOLOGY EQUIPMENT, 23,315 FOR A WHIRLPOOL TUB IN THE BURN CENTER, 13,075 FOR (2) SKIN GRAFT MESHERS IN THE BURN CENTER, 9,172 FOR (2) STRETCHERS IN THE BURN CENTER, AND 12,170 FOR A CLINICAL REAL-EAR HEARING AID ANALYZER. 3,900,000 AND 350,000 WAS PROVIDED BY THE FOUNDATION FOR CHILDREN'S HOSPITAL PROGRAMS AT THE AKRON AND MAHONING VALLEY LOCATIONS, RESPECTIVELY, THAT WOULD NOT HAVE OTHERWISE BEEN AVAILABLE THROUGH THE ANNUAL BUDGET. SPECIFIC SUPPORT IN PART WENT FOR THE FOLLOWING OPERATING SUPPORT: 288,000 ADOPTION CENTER, 617,000 HEMATOLOGY/ONCOLOGY, 308,000 PALLIATIVE CARE, 219,000 REGIONAL BURN CENTER, 220,000 PSYCHIATRY INTAKE PROGRAM, 120,000 REACH OUT AND READ PROGRAM, 100,000 COMMUNITY YOUTH FITNESS, 80,000 AUTISM FAMILY CHILD LEARNING CENTER, 50,000 CHILDREN'S BONE AND JOINT RESEARCH, AND 49,000 FOR THE CHILDREN WHO WITNESS VIOLENCE PROGRAM. THE REMAINING AMOUNT WAS USED FOR RESEARCH, TRAINING, EDUCATION AND SUPPORT PROGRAMS INCLUDING NEONATAL, PEDIATRICS, CHILD ADVOCACY AND OTHER PROGRAMS. SINCE THE FOUNDATION'S CREATION, THE VISION OF ITS FOUNDERS HAS BEEN JUSTIFIED. ALLOCATIONS FROM THE FOUNDATION HAVE PROVIDED A WIDE RANGE OF SPECIALIZED LIFESAVING MEDICAL EQUIPMENT WHICH MIGHT NOT HAVE OTHERWISE 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 CHILDREN'S HOSPITAL AT THE FOREFRONT OF HEALTHCARE, WHILE MINIMIZING THE COST OF SUCH CARE TO PATIENTS AND THEIR FAMILIES. ADDITIONAL INFORMATION FORM 990, PART V LINE 2 (A) AKRON CHILDREN'S HOSPITAL FOUNDATION DOES HAVE ITS OWN EMPLOYEES BUT USES A COMMON PAYMASTER WITH ITS RELATED ORGANIZATION, CHILDREN'S HOSPITAL MEDICAL CENTER OF AKRON. CHILDREN'S HOSPITAL MEDICAL CENTER OF AKRON PREPARES AND ISSUES ALL W-2'S TO AKRON CHILDREN'S HOSPITAL FOUNDATION. FINANCIAL ACCOUNTS IN FOREIGN COUNTRIES FORM 990, PART V, LINE 4B CAYMAN ISLANDS CLASSES OF MEMBERS OR STOCKHOLDERS FORM 990, PAGE 6, PART VI, LINE 6 AKRON CHILDREN'S HOSPITAL MEDICAL CENTER OF AKRON IS THE SOLE MEMBER OF AKRON CHILDREN'S HOSPITAL FOUNDATION. ELECTION OF MEMBERS AND THEIR RIGHTS FORM 990, PAGE 6, PART VI, LINE 7A CHILDREN'S HOSPITAL MEDICAL CENTER OF AKRON IS THE SOLE MEMBER OF AKRON CHILDREN'S HOSPITAL FOUNDATION AND ITS GOVERNING BODY HAS THE RIGHT TO ELECT OR APPOINT MEMBERS OF THE ORGANIZATION'S GOVERNING BODY. ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS PROVIDED TO THE AUDIT COMMITTEE AND CHAIRMAN OF THE BOARD OF DIRECTORS OF CHILDREN'S HOSPITAL MEDICAL CENTER OF AKRON 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. ENFORCEMENT OF CONFLICTS POLICY FORM 990, PAGE 6, PART VI, LINE 12C IT IS CHILDREN'S POLICY THAT ALL EMPLOYEES DISCLOSE REAL OR APPARENT CONFLICTS OF INTEREST AS A CONDITION OF EMPLOYMENT WITH CHILDREN'S. THE POLICIES AND PROCEDURES ARE ADMINISTERED BY CHILDREN'S HOSPITAL MEDICAL CENTER OF AKRON. CHILDREN'S 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 HUMAN RESOURCES WHO WILL PRESENT IT TO THE PRESIDENT OR HIS DESIGNEE. IT IS THE RESPONSIBILITY OF THE PRESIDENT OR HIS DESIGNEE TO EVALUATE ANY CIRCUMSTANCES 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 CHILDREN'S. 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 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 EMPLOYEE IS EXPRESSIVELY 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 AN 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. COMPENSATION PROCESS FOR TOP OFFICIAL FORM 990, PAGE 6, PART VI, LINE 15A THE CHILDREN'S HOSPITAL MEDICAL CENTER OF AKRON'S EXECUTIVE TOTAL COMPENSATION PROGRAM IS GOVERNED BY THE COMPENSATION COMMITTEE (COMMITTEE) OF THE BOARD OF DIRECTORS, WHO ALSO DETERMINES THE COMPENSATION OF THE CHILDREN'S HOSPITAL FOUNDATION OFFICERS, DIRECTORS AND KEY EMPLOYEES. KEY COMMITTEE RESPONSIBILITIES INCLUDE: - ENSURE EXECUTIVE TOTAL COMPENSATION IS APPROPRIATE IN LIGHT OF THE HOSPITAL'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 HOSPITAL BOARD 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 THE HOSPITAL'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 THE HOSPITAL. THE COMMITTEE FOLLOWS ALL STEPS REQUIRED BY THE INTERNAL REVENUE SERVICE TO QUALIFY FOR THE SAFE HARBOR UNDER THE INTERMEDIATE SANCTIONS REGULATIONS. IT: - REVIEWS MARKET COMPENSATION DATA FOR COMPARABLE POSITIONS AT SIMILAR ORGANIZATIONS WHICH ARE COMPILED BY AN INDEPENDENT CONSULTANT IT ENGAGES, - USES THIS DATA TO MAKE EXECUTIVE DECISIONS, AND - DOCUMENTS ITS COMPENSATION DELIBERATIONS AND DECISIONS IN A TIMELY MANNER. THE COMMITTEE REVIEWS APPROPRIATE SECTIONS OF THE HOSPITAL IRS FORM 990 BEFORE IT IS FILED TO ENSURE ACCURACY AND COMPLETENESS. AN INDEPENDENT SALARY SURVEY WAS COMPLETED IN 2010 AND RECOMMENDATIONS WERE PROVIDED AND PRESENTED BY THE INDEPENDENT CONSULTANT TO THE COMPENSATION COMMITTEE FOR APPROVAL. COMPENSATION PROCESS FOR OFFICERS FORM 990, PAGE 6, PART VI, LINE 15B AN INDEPENDENT SALARY SURVEY WAS COMPLETED IN 2010 AND RECOMMENDATIONS WERE PROVIDED AND PRESENTED BY THE INDEPENDENT CONSULTANT TO THE COMPENSATION COMMITTEE FOR APPROVAL. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION FORM 990, PAGE 6, PART VI, LINE 19 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. RELATED ORGANIZATIONS FORM 990, PAGE 7, PART VII THE FOLLOWING AVERAGE OF HOURS WORKED PER WEEK WERE WORKED BY THE INDIVIDUALS LISTED IN PART VII, SECTION A FOR THE RELATED ORGANIZATION, CHILDREN'S HOSPITAL MEDICAL CENTER OF AKRON: WILLIAM CONSIDINE - 40 HOURS PER WEEK MICHAEL TRAINER - 40 HOURS PER WEEK DR. JOHN MCBRIDE - 40 HOURS PER WEEK DR. RAJEEV KISHORE - 40 HOURS PER WEEK PHILIP MAYNARD - 12 HOURS PER WEEK WILLIAM WOOLDREDGE - 12 HOURS PER WEEK DUANE ISHAM - 12 HOURS PER WEEK GREGORY MCDERMOTT - 12 HOURS PER WEEK PAULA MALONE - 12 HOURS PER WEEK THE FOLLOWING AVERAGE OF HOURS WORKED PER WEEK WERE WORKED BY THE INDIVIDUALS LISTED IN PART VII, SECTION A FOR THE RELATED ORGANIZATION, CHILD DIMENSIONS INSURANCE COMPANY: WILLIAM CONSIDINE - 2 HOURS PER WEEK MICHAEL TRAINER - 2 HOURS PER WEEK THE FOLLOWING AVERAGE OF HOURS WORKED PER WEEK WERE WORKED BY THE INDIVIDUALS LISTED IN PART VII, SECTION A FOR THE RELATED ORGANIZATION, CHILDREN'S HOME CARE GROUP: WILLIAM CONSIDINE - 2 HOURS PER WEEK MICHAEL TRAINER - 2 HOURS PER WEEK OTHER CHANGES IN NET ASSETS EXPLANATION FORM 990, PART XI, LINE 5 CHANGE IN VALUE OF TRUSTS (12,322) UNREALIZED GAIN ON INVESTMENTS 4,750,902 ----------- TOTAL OTHER CHANGES 4,738,580 CHILDRENS HOSPITAL MED CTR OF AKRON ONE PERKINS SQUARE AKRON OH 44308 340714357 HOSPITAL OH 501C3 3 NA false CHILDRENS HOME CARE GROUP ONE PERKINS SQUARE AKRON OH 44308 341575266 HOME CARE OH 501C3 11A NA CHILDREN'S HOSP MED CTR OF AKRON true CHILD DIMENSIONS INSURANCE COMPANY ONE PERKINS SQUARE AKRON OH 44308 030317160 INSURANCE OH 501C3 11A NA CHILDREN'S HOSP MED CTR OF AKRON true false true true false false false false false false false false false false false true true false false