2021-05-13T15:35:36-05:00 2020-06-30 346565596 ERNST & YOUNG US LLP 1101 NEW YORK AVE NW WASHINGTON DC 20005 990 2019-07-01 237360743 James L Kernan Hosp Endowment Fund Inc JAME 4104482500 2200 Kernan Drive Baltimore MD 21207 DAVIS VR SHERMAN PRESIDENT AND SECRETARY 2021-05-13 true JUSTIN LOWE P01866796 2023276000 2019 2022-09-23 18:48:47Z DAVIS V R SHERMAN 2200 Kernan Drive Baltimore MD 21207 831408 false X N/A X 1974 MD HOLDS, OVERSEES AND DISBURSES ENDOWMENT FUNDS FOR THE JAMES LAWRENCE KERNAN HOSPITAL (JLKH). 9 9 0 9 0 0 0 0 0 0 1437078 831408 0 0 1437078 831408 0 0 0 0 0 0 0 0 0 142316 142648 142316 142648 1294762 688760 33099205 33982376 0 0 33099205 33982376 HOLDS, OVERSEES AND DISBURSES ENDOWMENT FUNDS FOR JLKH. false false THE JAMES LAWRENCE KERNAN HOSPITAL ENDOWMENT FUND (JLKEF) PROVIDES FUNDING TO JLKH TO SUPPORT PROGRAMS THAT IMPROVE THE QUALITY OF HEALTH OF THE PEOPLE IN THE BALTIMORE COMMUNITY. JLKEF STRIVES TO BE AN AREA LEADER IN MEETING BOTH THE PRESENT AND FUTURE HEALTH CARE NEEDS OF THE COMMUNITY THROUGH FINANCIAL AND OTHER MEANS OF SUPPORT. THE ENDOWMENT FUND COORDINATES THE RECEIPT AND MANAGEMENT OF ASSETS, INCLUDING THE MANAGEMENT AND DISTRIBUTION OF FUNDS. 0 true false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true false false false true 0 0 0 false false false false false false false false false false false false X 9 9 false false false false false true false true true false false true true true true false false false false false X ED WUENSCHELL 4434625811 900 ELKRIDGE LANDING ROAD - 3 EAST LINTHICUM MD 21090 X Davis VR Sherman PRESIDENT AND SECRETARY 1.0 0 X X 0 0 0 Oliver S Travers JR VICE PRESIDENT (ENDED 10/19) 1.0 0 X X 0 0 0 William F Peck TREASURER 1.0 1.0 X X 0 0 0 Henry A Grandizio CPA DIRECTOR 1.0 1.0 X 0 0 0 Jim Ross DIRECTOR 1.0 0 X 0 0 0 John T Chay DIRECTOR 1.0 1.0 X 0 0 0 John W Ashworth III UMMS REPRESENTATIVE (ENDED 11/19) 1.0 1.0 X 0 0 0 Michael T Wilmot DIRECTOR 1.0 1.0 X 0 0 0 Mohan Suntha MD UMMS REPRESENTATIVE 1.0 1.0 X 0 0 0 Phil Golden DIRECTOR 1.0 0 X 0 0 0 William M Passano JR DIRECTOR 1.0 0 X 0 0 0 0 0 0 0 false false false BROWN ADVISORY 901 SOUTH BOND STREET SUITE 400 BALTIMORE MD 21231 INVESTMENT ADVISORY 142648 1 0 0 0 0 0 0 693912 0 0 693912 0 0 137496 0 0 0 137496 0 137496 0 0 137496 0 0 0 0 0 831408 0 0 831408 0 0 142648 0 142648 0 0 0 0 0 0 0 0 0 142648 0 142648 0 1451814 1942021 783526 0 0 0 0 0 0 0 0 0 30863865 32040355 0 0 0 0 33099205 33982376 0 0 0 0 0 0 X 32138562 33805259 960643 177117 33099205 33982376 33099205 33982376 X 688760 977937 -783526 X false false false X X 1 THE JAMES LAWRENCE KERNAN HOSPITAL INC 520591639 3 true 0 0 1 0 0 true false false false false false false false false false false false false false false false Schedule A, Part IV, Section C, Line 1 SCHEDULE A, PART IV, SECTION C, LINE 1 JLKEF SUPPORTS JLKH THROUGH FUNDING FOR ITS HEALTHCARE PROGRAMS. FIVE OF THE NINE MEMBERS OF THE BOARD OF DIRECTORS OF JLKEF WHO ALSO SERVE IN A SIMILAR CAPACITY FOR JLKH HAVE THE BEST INTERESTS OF JLKH IN MIND. THESE INDIVIDUALS SERVE JLKEF WITH THE INTENT OF PROVIDING SUFFICIENT FINANCIAL SUPPORT TO JLKH TO FUND THE PROGRAMS WHICH THE BOARD OF DIRECTORS FEEL BEST SATISFY JLKH'S OPERATIONAL GOALS. 960643 -783526 0 177117 960643 0 0 960643 960643 0 0 960643 960643 0 0 960643 960643 0 0 960643 0.0 0.0 1.0 false false Schedule D, Part V, Line 4 Intended uses of endowment funds JLKEF'S ENDOWMENT FUNDS ARE INTENDED TO SUPPORT JLKH. THE EARNINGS OF JLKEF ARE TRANSFERRED FOR THE UNRESTRICTED USE BY JLKH, AS PROVIDED IN THE ORGANIZING DOCUMENTS OF JLKEF. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body The board of directors has the ability to elect new members of the board. Form 990, Part VI, Line 11b Review of form 990 by governing body The University of Maryland Medical System ("UMMS") prepares the IRS Form 990 for UMMS and its affiliates. Information needed to complete the return is gathered by accounting personnel in the Finance Shared Services department under the supervision of the UMMS Tax Director. Draft returns are prepared using IRS-approved tax software. Once a draft return is prepared, it undergoes multiple levels of review both internally by UMMS tax & finance personnel, and externally by Ernst & Young LLP. Following any necessary changes to the return, a final draft is reviewed by each affiliate's vice president of finance and/or CFO. Prior to filing the IRS Form 990, the organization's board chairman, treasurer, governance committee, finance committee or other member(s) of the board with similar authority will review the IRS Form 990. All board members are provided with a copy of the final IRS Form 990 before filing. Form 990, Part VI, Line 12c Conflict of interest policy The filing organization follows the University of Maryland Medical System (UMMS) Conflicts of Interest Policy, which requires that all Covered Persons disclose conflicts of interest or potential conflicts of interest between their personal interests and the interests of the organization, or any entity controlled by or owned in substantial part by the organization. Covered Persons means any member of the organization's Board of Directors, a member of a committee of the Board, an officer, or an employee of organization (including subsidiaries) at the VP level or above. The organization (or its sole member) is responsible for administering and enforcing the Conflicts of Interest Policy (Policy). The Governance Committee (or other Board committee having similar authority) reviews any and all conflicts, shall report annually to the full Board on the administration, infractions, and enforcement of the Policy and shall report at the earliest opportunity all matters of concern to the full Board in executive session while interested parties are recused. The organization or its sole member's Compliance Officer is the responsible administrative authority to assist the Board in administering and enforcing the Conflicts of Interest Policy and bringing concerns to the oversight committee. A questionnaire which discloses potential conflicts of interest is distributed annually to Covered Persons. The Chief Compliance Officer of the University of Maryland Medical System Corporation (UMMS) distributes and collects the responses for UMMS and other affiliates, and may be called for consult when potential conflicts are disclosed. If the oversight Committee determines that a Conflict of Interest exists, the Committee shall notify the Covered Person and the organization's Board Chair, and further will notify the full Board at its next meeting. Furthermore, in the event the Committee determines that an actual or perceived Conflict of Interest exists, the Committee shall decide how to address the Conflict of Interest. If the Committee determines that a Conflict of Interest exists but that the organization may enter into the subject transaction or arrangement, the interested Covered Person shall be recused from all deliberations and decisions concerning said transaction or arrangement, any arrangements with that entity, and compensation or benefits for officers, directors, and trustees. Furthermore, the Chair of the Board and the Chairs of the oversight Committee and the Audit and Compliance Committee shall not have any Business Transactions with UMMS, nor shall their Family Members. If the oversight Committee determines that a Covered Person has used their position to accrue Excess Benefits or to knowingly assist others in accruing Excess Benefits in any way at the expense of the organization, the Committee shall recommend to the Executive Committee appropriate corrective action to be taken. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION'S GOVERNING DOCUMENTS ARE MADE PUBLICLY AVAILABLE THROUGH THE STATE OF MARYLAND VIA THE SECRETARY OF STATE'S OFFICE. THE CONFLICT OF INTEREST POLICY IS GENERALLY AVAILABLE ON THE ORGANIZATION'S OR AFFILIATE'S WEBSITE. THE ORGANIZATION'S FINANCIAL STATEMENTS ARE GENERALLY NOT MADE PUBLICLY AVAILABLE; HOWEVER, THE SUPPORTED ORGANIZATION'S FINANCIAL STATEMENTS ARE AVAILABLE ON A QUARTERLY BASIS THROUGH FILINGS ON THE ELECTRONIC MUNICIPAL MARKET ACCESS ("EMMA") SYSTEM. Form 990, Part XI, Line 9 Other changes in net assets or fund balances Uncollected Restricted Asset - -783526; JAMES LAWRENCE KERNAN HOSPITAL INC 2200 KERNAN DRIVE BALTIMORE MD 21207 520591639 HEALTHCARE MD 501(c)(3) 3 UMMSC false false false false false false false false false false false false false false false false false false false false