2021-11-11T13:02:08-06:00 2020-12-31 ERNST & YOUNG US LLP 100 NORTH TRYON STREET SUITE 3800 CHARLOTTE NC 282024027 990 2020-01-01 237114013 Akron Children's Hospital Foundation % ALICIA LAMANCUSA INTERIM CF AKRO 3305438171 ONE PERKINS SQUARE AKRON OH 44308 ALICIA LAMANCUSA INTERIM CFO 3305434251 2021-11-10 true ALICIA LAMANCUSA 999009999 SCOTT TIDWELL P01729213 7043726300 3 2020 2022-09-23 18:48:47Z ALICIA LAMANCUSA ONE PERKINS SQUARE AKRON OH 44308 99614072 false X 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. 33 27 32 0 35847 35847 18230004 21197321 0 0 4014442 4861081 -376044 -249456 21868402 25808946 8178271 7703521 0 0 3036720 3369131 0 0 4285932 1932209 1209351 13147200 12282003 8721202 13526943 163361840 197149117 1133760 2538373 162228080 194610744 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 7703521 7703521 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 2020, $4,050,874 Foundation funds were used by CHMCA to support its mission. These Foundation funds supported numerous programs within the Hospital such as Hematology/Oncology, Global Health, Palliative Care, Research and Education, The Regional Burn Center, Safety and Injury Prevention, Child Advocacy, Neonatal, Pediatrics, Tele-Health Mental, and other programs. 7703521 true true false false false false false false false true true false false false true false false true false false false 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 32 false true true false false false false true true false false false false false false X 33 27 false false false false true true false true true false false false true true true true true false false false OH X ALICIA LAMANCUSA INTERIM CF 3305438171 ONE PERKINS SQUARE AKRON OH 44308 GRACE WAKULCHIK PRESIDENT & CEO 2.0 51.0 X X 0 1320412 495565 JOHN CROW MD DIRECTOR 1.0 46.0 X 0 1052839 29636 WILLIAM CONSIDINE CEO EMERITUS (term 12/31/20) 0.0 40.0 X 0 801943 85416 BRUCE COHEN MD DIRECTOR 1.0 40.0 X 0 613726 44584 SPENCER KOWAL TREASURER/CFO 2.0 45.0 X X 0 543271 113365 JEFFREY HORD MD DIRECTOR 0.0 40.0 X 0 400679 213406 SHEFALI MAHESH MD DIRECTOR 1.0 42.0 X 0 366609 30133 MICHELE BROWN VP DEVE/EXEC DIRECTOR 42.0 0.0 X X 303584 0 33633 TIMOTHY DUFORE SR. DIRECTOR, FOUNDATION 40.0 0.0 X 213923 0 31797 MAUREEN KATANIC SR. DIRECTOR, PLANNED GIVING 40.0 0.0 X 143504 0 26417 MEGAN HOPPER SR. DIRECTOR, PRINCIPAL GIVING 40.0 0.0 X 134163 0 19732 JOHN LAGUARDIA SR. DIRECTOR DEVELOPMENT 40.0 0.0 X 110833 0 22042 LUANN MAYNARD DIRECTOR OF DEVELOPMENT MV 40.0 0.0 X 106019 0 6882 BRIAN WAGNER CHAIRMAN 12.0 3.0 X X 0 0 0 MARK OELSCHLAGER VICE PRESIDENT & SECRETARY 2.0 1.0 X X 0 0 0 LOUIS ALTMAN DIRECTOR 1.0 0.0 X 0 0 0 HARRIET BERLOFF DIRECTOR 1.0 0.0 X 0 0 0 KYLE CHENEY DIRECTOR 1.0 0.0 X 0 0 0 TIMOTHY CLEPPER DIRECTOR 1.0 0.0 X 0 0 0 GARY DIDADO DIRECTOR 1.0 0.0 X 0 0 0 PAUL DUTTON DIRECTOR 1.0 3.0 X 0 0 0 BENNETT GAINES DIRECTOR 1.0 0.0 X 0 0 0 TAMMY GERSMAN DIRECTOR 1.0 17.0 X 0 0 0 ARTHUR GONZALES DIRECTOR 1.0 0.0 X 0 0 0 KEVIN HELMICK DIRECTOR 1.0 0.0 X 0 0 0 CARTER LEWIS DIRECTOR 1.0 0.0 X 0 0 0 MARCI MATTHEWS DIRECTOR 1.0 0.0 X 0 0 0 JOHN MAYER DIRECTOR 1.0 0.0 X 0 0 0 PHILIP MAYNARD DIRECTOR 1.0 2.0 X 0 0 0 DIANA MCCOOL DIRECTOR 1.0 0.0 X 0 0 0 GREGORY MCDERMOTT DIRECTOR 1.0 9.0 X 0 0 0 JOHN ORR DIRECTOR 1.0 21.0 X 0 0 0 WILLIAM SCALA DIRECTOR 1.0 0.0 X 0 0 0 C REID SCHMUTZ DIRECTOR 1.0 1.0 X 0 0 0 WILLIAM SCHUMACHER DIRECTOR 1.0 1.0 X 0 0 0 AMY SHEEHY DIRECTOR 1.0 0.0 X 0 0 0 LAURA SLOMSKY DIRECTOR 1.0 0.0 X 0 0 0 PAUL THOMARIOS DIRECTOR 1.0 0.0 X 0 0 0 ELLEN TRESSEL DIRECTOR 1.0 0.0 X 0 0 0 WILLIAM WALDMAN DIRECTOR 1.0 0.0 X 0 0 0 1012026 5099479 1152608 6 true true false 0 456970 546746 20193605 2715000 21197321 0 2519612 35847 2483765 0 0 0 0 0 75898530 73555670 2342860 2341469 2341469 0 456970 249456 -249456 -249456 0 0 0 0 0 0 0 25808946 35847 4575778 7703521 7703521 0 0 0 337217 337217 0 2312103 2312103 220040 220040 332249 332249 167522 167522 0 0 0 0 0 292550 292550 0 21526 21526 247933 247933 0 0 96822 96822 49754 49754 0 0 33 33 0 16278 16278 0 EQUIP REPAIR & MAINTENANCE 13 13 DONOR CULTIVATION 151034 151034 GENERAL EXPENSES 56974 56974 DUES AND SUBSCRIPTIONS 276434 276434 12282003 7703521 292550 4285932 0 0 0 0 9960915 11710023 0 0 0 0 0 0 0 0 0 0 377164 355088 4006527 540553 68044 3465974 144563031 172828977 0 0 0 0 0 0 8392686 8789055 163361840 197149117 713644 1039205 0 0 0 0 0 0 0 0 0 0 0 0 0 0 420116 1499168 1133760 2538373 X 74469169 90600514 87758911 104010230 162228080 194610744 163361840 197149117 X 13526943 17364222 1491499 X false true X true false X 11298525 13615950 17612692 18230004 21197321 81954492 0 0 11298525 13615950 17612692 18230004 21197321 81954492 279992 81674500 1523785 2228021 2831818 3120919 2483765 12188308 0 0 94142800 0.86756 0.85650 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 91362717 13437572 9818085 6036493 108581881 75792308 9438289 9811347 3679227 91362717 75724721 12403356 -6526046 5809723 75792308 70020604 7953081 4840320 7089284 75724721 69532080 6355857 1475972 7343305 70020604 0.04210 0.21600 0.74190 true false 3415000 3415000 591527 540553 50974 3465974 0 INTRAFUND PAYABLE 1499168 1499168 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. AK RADIOTHON 254188 254188 227831 MV RADIOTHON 202782 202782 21625 0 456970 456970 249456 249456 -249456 true CHILDREN'S HOSPITAL MEDICAL CENTER OF AKRON ONE PERKINS SQUARE AKRON OH 44308 340714357 501(c)(3) 4050874 PATIENT CARE NEEDS CHILDREN'S HOSPITAL MEDICAL CENTER OF AKRON ONE PERKINS SQUARE AKRON OH 44308 340714357 501(c)(3) 3652647 CAPITAL SUPPORT 1 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; unrestricted, temporarily restricted, or permanently restricted. 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 true true false true false false false false false false false GRACE WAKULCHIK PRESIDENT & CEO 0 890576 0 360000 0 69836 0 485576 0 9989 0 1815977 0 0 JOHN CROW MD DIRECTOR 0 1014139 0 33000 0 5700 0 19950 0 9686 0 1082475 0 0 SPENCER KOWAL TREASURER/CFO 0 474854 0 65000 0 3417 0 87514 0 25851 0 656636 0 0 WILLIAM CONSIDINE CEO EMERITUS (term 12/31/20) 0 307323 0 0 0 494620 0 68395 0 17021 0 887359 0 0 BRUCE COHEN MD DIRECTOR 0 481551 0 122388 0 9787 0 19950 0 24634 0 658310 0 0 TIMOTHY DUFORE SR. DIRECTOR, FOUNDATION 210691 0 500 0 2732 0 13858 0 17939 0 245720 0 0 0 MAUREEN KATANIC SR. DIRECTOR, PLANNED GIVING 138205 0 500 0 4799 0 9467 0 16950 0 169921 0 0 0 JEFFREY HORD MD DIRECTOR 0 319107 0 76049 0 5523 0 188043 0 25363 0 614085 0 0 SHEFALI MAHESH MD DIRECTOR 0 274198 0 91969 0 442 0 15624 0 14509 0 396742 0 0 MICHELE BROWN VP DEVE/EXEC DIRECTOR 248984 0 45500 0 9100 0 18494 0 15139 0 337217 0 0 0 MEGAN HOPPER SR. DIRECTOR, PRINCIPAL GIVING 123911 0 10000 0 252 0 5075 0 14657 0 153895 0 0 0 Part I, Line 1a - Fringe or Expense Explanation Michele Brown, Vice President and Executive Director and John LaGuardia, Senior Director of Development of the Akron Children's Hospital Foundation both have country club memberships that are 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. WILLIAM CONSIDINE RECEIVED A DISTRIBUTION OF $490,487 IN 2020. THE FOLLOWING INDIVIDUALS ARE PARTICIPANTS IN SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS DURING 2020, 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. NO DISTRIBUTIONS WERE MADE IN 2020. SPENCER KOWAL GRACE WAKULCHIK . X 1 2715000 FMV 0 false true false Schedule M, Part II Supplemental Information THE ORGANIZATION IS REPORTING IN PART I, COLUMN (b) THE NUMBER OF CONTRIBUTIONS. 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 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, 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 (executive leadership team, vice presidents, chief leaders, managers, directors, physicians, and advance practice providers on the medical staff and all employees working in the Supply Chain Management department) 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. 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: 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. Part VI, Line 15b - Compensation Process for Officers 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. 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, 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. Part XI, Line 9 - Other Changes in Net Assets Transfer to Parent $ 1,130,977 Change in Value of Trusts 396,369 Partnership Gain (35,847) Total 1,491,499 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 true true false false