2024-11-14T09:51:19-06:00 2023-12-31 381357951 PLANTE & MORAN PLLC 2601 CAMBRIDGE CT STE 300 AUBURN HILLS MI 48326 990 2023-01-01 237114013 AKRON CHILDREN'S HOSPITAL FOUNDATION AKRO 3305438340 ONE PERKINS SQUARE AKRON OH 44308 GORDON EDWARDS TREASURER 3305438340 2024-11-13 1 1 AMY CIMINELLO P00796388 2483757100 2024-11-11 2023 2024-10-15 13:58:12Z MICHELE BROWN ONE PERKINS SQUARE AKRON OH 44308 96516581 0 X HTTPS:/WWW.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. 31 25 37 25 1174 0 17423562 18795050 0 0 4878490 25732745 -298628 -20138 22003424 44507657 14368908 12729806 0 0 3788580 4246376 0 0 5823778 1352758 1791547 19510246 18767729 2493178 25739928 198531674 165955556 9328450 18098796 189203224 147856760 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. 0 0 12729806 12729806 THE AKRON CHILDREN'S HOSPITAL FOUNDATION WORKS TO ENSURE THAT THE HOSPITAL (CHMCA) CAN CONTINUE TO UPHOLD ITS THREE PROMISES: 1) TO TREAT EVERY CHILD AS WE WOULD OUR OWN 2) TO TREAT OTHERS AS THEY WOULD LIKE TO BE TREATED 3) TURN NO CHILD AWAY. DURING 2023, $12,729,806 FOUNDATION FUNDS WERE USED BY CHMCA TO SUPPORT ITS MISSION. THESE FOUNDATION FUNDS SUPPORTED NUMEROUS PROGRAMS WITHIN THE HOSPITAL SUCH AS HEMATOLOGY/ONCOLOGY, BEHAVIORAL HEALTH, PALLIATIVE CARE, RESEARCH AND EDUCATION, THE REGIONAL BURN CENTER, SAFETY AND INJURY PREVENTION, CHILD ADVOCACY, NEONATAL, PEDIATRICS, TELE-HEALTH, AND OTHER PROGRAMS. 12729806 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 1 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 37 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 31 25 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 0 1 1 X ALICIA LAMANCUSA ASST TREASURER 3305438340 ONE PERKINS SQUARE AKRON OH 44308 CHRISTOPHER GESSNER PRESIDENT 1.50 48.50 X X 0 1409649 321825 ALICIA LAMANCUSA DIRECTOR - ASST TREASURER 2.00 48.00 X X 0 469758 59086 MICHELE BROWN VICE PRESIDENT OF DEVELOPMENT 50.00 0.00 X X 403570 0 87211 BRUCE COHEN MD DIRECTOR/CHAIR NEURODEVELOPMENT 1.00 49.00 X 0 594603 68225 SHEFALI MAHESH MD DIRECTOR/CHAIR OF PEDIATRICS 1.00 49.00 X 0 670697 51741 GORDON EDWARDS OFFICER/TREASURER 2.00 48.00 X X 0 789667 85888 MARK W OELSCHLAGER DIRECTOR/CHAIR OF BOARD 12.00 0.00 X X 0 0 0 KEVIN J HELMICK OFFICER/VICE CHAIR 2.00 0.00 X X 0 0 0 BETH R SPAIN OFFICER/SECRETARY 2.00 0.00 X X 0 0 0 VIRGINIA ADDICOTT DIRECTOR/CHMCA CHAIR 1.00 18.00 X 0 0 0 LOUIS LOU M ALTMAN DIRECTOR 1.00 0.00 X 0 0 0 ALEXA SWEENEY BLACKANN DIRECTOR 1.00 0.00 X 0 0 0 DEBRA DEB A CALEVICH DIRECTOR 1.00 0.00 X 0 0 0 TIMOTHY B CLEPPER DIRECTOR 1.00 0.00 X 0 0 0 CHARLES CHUCK A CRAWFORD DIRECTOR 1.00 0.00 X 0 0 0 THOMAS R CROWLEY DIRECTOR 1.00 0.00 X 0 0 0 ROBERT L DAVIS DIRECTOR 1.00 0.00 X 0 0 0 GARY J DIDADO DIRECTOR 1.00 0.00 X 0 0 0 PAUL M DUTTON ESQ DIRECTOR - PART YEAR 1.00 0.00 X 0 0 0 MARCI M MATTHEWS DIRECTOR 1.00 0.00 X 0 0 0 MARSHALL C MURDOUGH DIRECTOR 1.00 0.00 X 0 0 0 IRENE M PREZELJ DIRECTOR 1.00 0.00 X 0 0 0 WILLIAM A SCALA DIRECTOR 1.00 0.00 X 0 0 0 JAMES M SCHMIDT DIRECTOR 1.00 0.00 X 0 0 0 BEVERLY J SCOTT DIRECTOR - PART YEAR 1.00 0.00 X 0 0 0 PEG L STALTER DIRECTOR - PART YEAR 1.00 0.00 X 0 0 0 PAUL N THOMARIOS DIRECTOR 1.00 0.00 X 0 0 0 DAVID G TISCH DIRECTOR 1.00 0.00 X 0 0 0 MARLENE K TOOT DIRECTOR 1.00 0.00 X 0 0 0 LINDA A VENNER DIRECTOR 1.00 0.00 X 0 0 0 BRIAN C WAGNER DIRECTOR 1.00 0.00 X 0 0 0 WILLIAM C WALDMAN SR DIRECTOR 1.00 0.00 X 0 0 0 STEPHEN MYERS DIRECTOR 1.00 0.00 X 0 0 0 ALEXIS PETITO DIRECTOR 1.00 0.00 X 0 0 0 ANTHEA DANIELS ASST SEC - CHIEF LEGAL OFFICER - PART YEAR 2.00 48.00 X 0 556297 8737 LUANN MAYNARD SENIOR DIRECTOR DEVELOPMENT 50.00 0.00 X 138300 0 11636 MACHELLE SYX DIRECTOR CORPORATE ALLIANCES 50.00 0.00 X 130611 0 22836 MEGAN HOPPER VICE PRESIDENT PRINCIPAL GIVING 50.00 0.00 X 172412 0 38082 JOHN LAGUARDIA SENIOR DIRECTOR DEVLEOPMENT 50.00 0.00 X 126487 0 3672 NICOLE MONTESANO SENIOR DIRECTOR DEVELOPMENT OPERATIONS 50.00 0.00 X 143135 0 24172 1114515 4490671 783111 12 0 1 0 0 143361 18651689 18795050 3407871 1174 3406697 74313660 51988786 22324874 22324874 22324874 0 143361 20138 -20138 -20138 44507657 0 1174 25711433 12729806 12729806 490781 490781 3015762 3015762 178713 178713 324465 324465 236655 236655 214145 214145 556169 556169 2065 2065 85656 85656 180258 180258 104313 104313 162495 162495 9 9 10721 10721 DUES AND SUBSCRIPTIONS 334319 334319 COMMUNITY SUPPORT 26572 26572 114825 114825 18767729 12729806 214145 5823778 X 10595203 18189562 210617 28880 4014035 570259 3454302 3443776 170927849 130517235 5512998 5948274 7830705 7827829 198531674 165955556 338349 47376 8990101 18051420 9328450 18098796 X 89322051 12001041 99881173 135855719 189203224 147856760 198531674 165955556 X 25739928 2634638 -69721030 X X 0 1 X 1 0 X 18230004 21197321 21032204 17423562 18795050 96678141 18230004 21197321 21032204 17423562 18795050 96678141 4640424 92037717 3120919 2483765 3920251 2837352 3407871 15770158 190 190 112448489 0.81850 0.85040 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 52344369 11352789 -3155463 466764 60074931 38005847 19682558 -4520397 823639 52344369 30205732 4390474 1918829 -1490812 38005847 24391406 1246737 3213212 -1354377 30205732 19888825 851929 3133097 291024 -808577 24391404 0.16800 0.72900 0.10300 0 0 3415000 3415000 599035 570259 28776 3443776 DUE TO CHMCA 17693915 OTHER LONG TERM LIABILITIES 357505 18051420 PART V, LINE 4: ENDOWMENT FUNDS OF AKRON CHILDREN'S HOSPITAL FOUNDATION ARE COMPOSED OF CUMULATIVE DONOR GIFTS WITH AND WITHOUT DONOR RESTRICTIONS. ENDOWMENT FUNDS WITHOUT DONOR RESTRICTION ARE AMOUNTS DESIGNATED BY THE BOARD OF DIRECTORS TO FUNCTION AS ENDOWMENTS. AKRON CHILDREN'S HOSPITAL FOUNDATION HAS A POLICY FOR INVESTING AND SPENDING DONOR FUNDS IN ACCORDANCE WITH DONOR INTENT THAT MEETS THE UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS GUIDELINES. RADIOTHON 143361 143361 20138 143361 143361 20138 20138 -20138 1 CHILDREN'S HOSPITAL MEDICAL CENTER OF AKRON ONE PERKINS SQUARE AKRON OH 44308 340714357 501(C)(3) 8563711 0 PATIENT CARE NEEDS CHILDREN'S HOSPITAL MEDICAL CENTER OF AKRON ONE PERKINS SQUARE AKRON OH 44308 340714357 501(C)(3) 4166095 0 CAPITAL SUPPORT 1 0 PART I, LINE 2 AKRON CHILDREN'S HOSPITAL FOUNDATION ("ACHF") 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; WITHOUT DONOR RESTRICTION OR WITH DONOR RESTRICTION. THOSE FUNDS ARE USED APPROPRIATELY, PER THE DONOR'S INTENT, BY CHMCA TO FURTHER ITS MISSION. INTERNAL CONTROLS 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 1 1 0 1 0 0 0 0 0 1 0 CHRISTOPHER GESSNER PRESIDENT 0 985843 0 405000 0 18806 0 274116 0 47709 0 1731474 0 0 GORDON EDWARDS OFFICER/TREASURER 0 672833 0 115000 0 1834 0 39782 0 46106 0 875555 0 0 SHEFALI MAHESH MD DIRECTOR/CHAIR OF PEDIATRICS 0 605101 0 64988 0 608 0 23100 0 28641 0 722438 0 0 BRUCE COHEN MD DIRECTOR/CHAIR NEURODEVELOPMENT 0 568413 0 7500 0 18690 0 23100 0 45125 0 662828 0 0 ANTHEA DANIELS ASST SEC - CHIEF LEGAL OFFICER - PAR 0 384924 0 122822 0 48551 0 6091 0 2646 0 565034 0 0 ALICIA LAMANCUSA DIRECTOR - ASST TREASURER 0 349504 0 102938 0 17316 0 36953 0 22133 0 528844 0 0 MICHELE BROWN VICE PRESIDENT OF DEVELOPMENT 298975 0 101970 0 2625 0 57685 0 29526 0 490781 0 0 0 MEGAN HOPPER VICE PRESIDENT PRINCIPAL GIVING 157768 0 14242 0 402 0 10152 0 27930 0 210494 0 0 0 NICOLE MONTESANO SENIOR DIRECTOR DEVELOPMENT OPERATIO 129779 0 12609 0 747 0 7432 0 16740 0 167307 0 0 0 MACHELLE SYX DIRECTOR CORPORATE ALLIANCES 115902 0 11436 0 3273 0 6512 0 16324 0 153447 0 0 0 PART I, LINE 1A THE FOLLOWING INDIVIDUALS OF AKRON CHILDREN'S HOSPITAL FOUNDATION HAVE COUNTRY CLUB MEMBERSHIPS THAT ARE USED FOR BUSINESS PURPOSES WITH CURRENT AND PROSPECTIVE DONORS: CHRISTOPHER GESSNER - PRESIDENT MICHELE BROWN - VICE PRESIDENT OF DEVELOPMENT MACHELLE SYX - DIRECTOR OF CORPORATE ALLIANCES JOHN LAGUARDIA - SENIOR DIRECTOR DEVLEOPMENT LUANN MAYNARD - SENIOR DIRECTOR OF DEVELOPMENT PART I, LINE 3 AKRON CHILDREN'S HOSPITAL FOUNDATION RELIED ON THE RELATED ORGANIZATION, CHMCA, TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION. CHILDREN'S HOSPITAL MEDICAL CENTER OF AKRON'S EXECUTIVE TOTAL COMPENSATION PROGRAM IS ULTIMATELY GOVERNED BY THE COMPENSATION COMMITTEE (COMMITTEE) OF THE BOARD OF DIRECTORS. AN INDEPENDENT SALARY SURVEY WAS LAST COMPLETED IN 2023. PART I, LINE 4B THE FOLLOWING INDIVIDUALS BECAME PARTICIPANTS IN SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS DURING 2018, WHEREBY THEY BECOME VESTED PER THE TERMS OF THEIR EMPLOYMENT AGREEMENT. CHMCA IS ACCRUING FOR THE BENEFIT THAT WILL OCCUR, THEREFORE THESE AMOUNTS ARE INCLUDED IN THEIR DEFERRED COMPENSATION. DISTRIBUTIONS WERE MADE IN 2023 IN THE FOLLOWING AMOUNTS: MICHELE BROWN - $0 ANTHEA DANIELS - $0 CHRISTOPHER GESSNER - $0 CHMCA HAS A SUPPLEMENTAL NONQUALIFIED PLAN OPEN TO SELECTED EMPLOYEES WHEN WAGES EXCEED THE MAXIMUM THRESHOLD FOR THE QUALIFIED RETIREMENT PLANS. THE AMOUNTS ARE CALCULATED IN THE FOLLOWING YEAR OF EARNINGS AND EITHER PAID TO THE EMPLOYEE IF THEY ARE VESTED AS TAXABLE INCOME OR PUT INTO THE PLAN UNTIL VESTED AND THEN PAID. PART I, LINE 7 THE FOUNDATION RELIED ON THE RELATED ORGANIZATION, CHMCA, TO ESTABLISH THE BONUSES PAID TO EMPLOYEES. BONUSED ARE BASED ON PERFORMANCE AND OTHER METRICS BUT FINAL DECISIONS ARE DISCRETIONARY BY THE BOARD OF CHMCA. THE EXECUTIVE DIRECTOR'S BONUS IS APPROVED BY THE COMPENSATION COMMITTEE OF THE CHMCA BOARD. STAFF BONUSES DETERMINED BY THE EXECUTIVE DIRECTOR WITH CHMCA CEO APPROVAL. FORM 990, PART VI, SECTION A, LINE 6 THE BOARD OF DIRECTORS OF CHILDREN'S HOSPITAL MEDICAL CENTER OF AKRON ("CHMCA") IS THE SOLE MEMBER OF AKRON CHILDREN'S HOSPITAL FOUNDATION. FORM 990, PART VI, SECTION A, LINE 7A CHMCA IS THE PARENT COMPANY OF AKRON CHILDREN'S HOSPITAL FOUNDATION AND CHMCA'S BOARD OF DIRECTORS HAS THE RIGHT TO ELECT OR APPOINT MEMBERS OF THE ORGANIZATION'S GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PROVIDED TO THE AUDIT COMMITTEE 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. FORM 990, PART VI, SECTION B, LINE 12C 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, A LIST OF ALL BUSINESSES OR OTHER ORGANIZATIONS IN WHICH HE/SHE (OR AN IMMEDIATE FAMILY MEMBER) 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, AND AS SUCH, POTENTIAL FOR A CONFLICT OF INTEREST, IT IS THE PRIMARY RESPONSIBILITY OF THE INDIVIDUAL DIRECTLY INVOLVED TO MAKE IMMEDIATE AND COMPLETE DISCLOSURE TO THE APPROPRIATE SUPERVISOR. THE CHIEF HUMAN RESOURCES OFFICER SHALL REVIEW ALL DISCLOSURE STATEMENTS AND FORWARD THOSE WITH RECOMMENDATIONS TO THE CHIEF LEGAL OFFICER. THE CHIEF LEGAL OFFICER REFERS SELECTED ISSUES OR MATTERS FOR CONSULTATION TO THE AUDIT COMMITTEE OF THE BOARD. ADDITIONALLY, ANNUALLY, ALL MEMBERS, DIRECTORS, OFFICERS, BOARD COMMITTEE MEMBERS AND KEY EMPLOYEES OF CHMCA AND THE FOUNDATION DIRECTORS AND OFFICERS MUST ANNUALLY DISCLOSE THEIR CONFLICTS ON THE CONFLICT OF INTEREST/ DUAL INTEREST DISCLOSURE STATEMENT IN ACCORDANCE WITH THE EMPLOYEE CONFLICT OF INTEREST POLICY WHICH APPLIES TO ALL EMPLOYEES OF CHMCA AND ITS SUBSIDIARIES, INCLUDING THE FOUNDATION. FORM 990, PART VI, SECTION B, LINE 15A 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: 1. ENSURE EXECUTIVE TOTAL COMPENSATION IS APPROPRIATE IN LIGHT OF CHMCA'S MISSION AND VALUES 2. 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, E.G., FAMILY MEMBERS OF BOARD MEMBERS OR EXECUTIVES WHO ARE EMPLOYED BY CHMCA. FORM 990, PART VI, SECTION C, 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, CERTAIN 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. FORM 990, PART VI, LINE 16B: ACHF HAS MADE INVESTMENTS IN LIMITED LIABILITY OR LIMITED PARTNER ORGANIZATIONS ON A LIMITED BASIS, ALL JOINT VENTURES ARE REVIEWED TO ENSURE EXEMPTION IS NOT AT RISK. FORM 990, PART X, LINE 20: AKRON CHILDREN'S HOSPITAL FOUNDATION IS PART OF THE OBLIGATED GROUP REGARDING THE OUTSTANDING BOND ISSUES OF CHILDREN'S HOSPITAL MEDICAL CENTER OF AKRON AND THEREFORE LIABLE FOR SERVICING THE DEBT AND OTHER OBLIGATIONS. FORM 990, PART XI, LINE 9: TRANSFERS TO HOSPITAL -69,721,030. FORM 990, PART XII, LINE 2C: ACHF THROUGH ITS PARENT COMPANY "CHMCA" HAS AN AUDIT COMMITTEE THAT ASSUMES THE RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT, REVIEW, OR COMPILATION OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. PART V, LINE 1A AKRON CHILDREN'S HOSPITAL PROCESSES ALL ACCOUNTS PAYABLE THROUGH ONE PAY COMPANY. ALL 1099 FORMS FOR AKRON CHILDREN'S HOSPITAL FOUNDATION ARE FILED UNDER THE CHILDREN'S HOSPITAL MEDICAL CENTER OF AKRON (FEIN: 34-0714357). CHILDREN'S HOSPITAL MED CENTER OF AKRON ONE PERKINS SQUARE AKRON OH 44308 340714357 HOSPITAL OH 501(C)(3) LINE 3 N/A 0 CHILD DIMENSIONS INSURANCE COMPANY ONE PERKINS SQUARE AKRON OH 44308 033017160 INSURANCE OH 501(C)(3) LINE 12A, I CHILDREN'S HOSPITAL MED CENTER OF AKRON 1 AKRON CHILDREN'S HEALTH COLLABORATIVE ONE PERKINS SQUARE AKRON OH 44308 870853487 ACCOUNTABLE CARE ORGANIZATION OH 501(C)(4) LINE 12A, I CHILDREN'S HOSPITAL MED CENTER OF AKRON 1 GAMUT QUALITY IMPROVEMENT COLLABORATIVE LLC 68 RAVENNA STREET 463 HUDSON OH 44236 871832345 CONTRACT MANAGEMENT OH N/A 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 1 1 1 1 0 0