2020-11-16T17:29:27-06:00 2019-12-31 ERNST & YOUNG US LLP 101 E WASHINGTON ST SUITE 910 PHOENIX AZ 85004 990 2019-01-01 454182666 CHILDREN'S HOSPITAL COLORADO HEALTH SYSTEM % Jeffrey Harrington CHIL 7207771234 13123 EAST 16TH AVENUE AURORA CO 80045 Jeffrey Harrington Sr VP/CFO 7207771234 2020-11-16 true Patrick Shields P01508556 6023223000 2019 2022-09-23 18:48:47Z Jena Hausmann SAME AS C ABOVE AURORA CO 80045 31265226 false X WWW.CHILDRENSCOLORADO.ORG X 2011 CO To manage the investment of funds on behalf of Children's Hospital Colorado ("Hospital") and Children's Hospital Colorado Foundation ("Foundation"). 9 8 0 10 0 1562273 0 0 0 0 26902968 31265226 0 0 26902968 31265226 0 0 0 0 201796 152671 0 0 0 948361 908270 1150157 1060941 25752811 30204285 892299973 1030298796 1783891 2377552 890516082 1027921244 X TO MANAGE THE INVESTMENT OF FUNDS ON BEHALF OF CHILDREN'S HOSPITAL COLORADO ("HOSPITAL") AND CHILDREN'S HOSPITAL COLORADO FOUNDATION ("FOUNDATION"). false false 111711 0 0 SEE SCHEDULE O 111711 true false false false false false false false false true false true false false true true false true false false true false false false false false false false false true false false false false false false false false false false false false false true true true false false true X 0 0 0 true true false false false false false false false false false false false X 9 8 false false false false false false false true true false false true false false false false false false CA X Jeffrey Harrington 7207771234 13123 East 16th Avenue Aurora CO 80045 X Jena Hausmann PRESIDENT & CEO 4.0 44.0 X X 0 1668718 305921 JEFFREY HARRINGTON SR. VP/CFO 4.0 44.0 X 0 877428 175650 MICHELLE LUCERO SR. VP/CLO 4.0 40.0 X 0 637370 147160 Don Elliman Board Member 4.0 1.0 X 0 0 0 Fred Taylor Board Member 4.0 1.0 X 0 0 0 Barth Whitham BOARD MEMBER/CHAIR (OUTGOING) 4.0 1.0 X X 0 0 0 Mike Asher Board Member 4.0 1.0 X 0 0 0 David Honeyfield Board Member 4.0 1.0 X 0 0 0 David Hoover Board Member 4.0 1.0 X 0 0 0 LAURA WRIGHT BOARD MEMBER (PT-YR) 4.0 1.0 X 0 0 0 WILLIAM N LINDSAY III BOARD MEMBER 4.0 1.0 X 0 0 0 Roxanne Anderson Board Member 4.0 1.0 X 0 0 0 KEVIN REIDY BOARD MEMBER (PT-YR) 1.0 4.0 X 0 0 0 0 3183516 628731 0 false true false MONTICELLO 1800 LARIMER ST SUITE 2100 DENVER CO 80202 INVESTMENT ADVISOR 350000 ERNST YOUNG 3712 SOLUTIONS CENTER CHICAGO IL 60677 AUDIT AND TAX 554457 2 0 0 0 0 0 0 0 0 25797899 5467327 25797899 5467327 31265226 31265226 0 0 0 0 0 0 0 0 0 0 31265226 31265226 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 126779 99129 27650 0 0 0 0 0 18041 14106 3935 0 7851 6139 1712 0 0 0 0 0 0 0 0 0 554457 0 554457 0 0 0 0 0 0 0 350000 0 350000 0 2142 -7663 9805 0 0 0 0 0 1671 0 1671 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1060941 111711 949230 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 339138136 416340404 553216035 614358560 0 0 0 0 -54198 -400168 892299973 1030298796 187609 227174 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1596282 2150378 1783891 2377552 X 735256926 853512653 155259156 174408591 890516082 1027921244 892299973 1030298796 X 30204285 115867176 0 0 0 -8666299 X false true X true true true X X X 2 CHILDREN'S HOSPITAL COLORADO 840166760 3 true 8281240 0 CHILDREN'S HOSPITAL COLORADO FOUNDATION 840813462 7 true 6000000 0 2 14281240 true false false false false false false false false false false false false false false true true true X true true SCHEDULE A, PART IV, SECTION D, LINE 3 CHILDREN'S HOSPITAL COLORADO HEALTH SYSTEM (CHCHS) MEETS THE SIGNIFICANT VOICE REQUIREMENT OF TREAS. REG. SECTION 1.509(A)-4(I)(3)(III) BECAUSE THE OFFICERS AND DIRECTORS OF THE TWO SUPPORTED ORGANIZATIONS (CHILDREN'S HOSPITAL COLORADO AND CHILDREN'S HOSPITAL COLORADO FOUNDATION) HAVE A SIGNIFICANT VOICE IN DIRECTING THE USE OF THE INCOME OF CHCHS. SPECIFICALLY, ALL OF CHCHS'S nine VOTING MEMBERS OF THE BOARD OF DIRECTORS ARE ALSO DIRECTORS OF THE SUPPORTED ORGANIZATIONS. CHCHS IS ALSO THE PARENT ORGANIZATION AND SOLE MEMBER OF EACH OF THE SUPPORTED ORGANIZATIONS. IN ADDITION, THE CHAIRMAN OF CHILDREN'S HOSPITAL COLORADO SERVES AS THE PERMANENT CHAIRMAN OF THE BOARD OF CHCHS, THE CHAIRMAN OF CHILDREN'S HOSPITAL COLORADO FOUNDATION SERVES AS THE PERMANENT VICE CHAIRMAN OF THE BOARD OF CHCHS, THE PRESIDENT OF CHILDREN'S HOSPITAL COLORADO SERVES AS THE CHIEF EXECUTIVE OFFICER OF CHCHS, AND THE PRESIDENT OF CHILDREN'S HOSPITAL COLORADO FOUNDATION SERVES AS AN EX OFFICIO MEMBER OF THE BOARD OF DIRECTORS OF CHCHS. AND FINALLY, CHCHS HAS TWO STANDING COMMITTEES OF WHICH "THE INVESTMENT COMMITTEE" IS ONE OF THOSE TWO. THE INVESTMENT COMMITTEE IS TASKED WITH RECOMMENDING FOR APPROVAL TO THE CHCHS BOARD INVESTMENT POLICIES, POSSIBLE INVESTMENTS, ASSET ALLOCATION CRITERIA AND PARAMETERS, PERFORMANCE MEASUREMENTS AND MANAGE EVALUATION CRITERIA. THE INVESTMENT COMMITTEE IS MADE UP OF TEN MEMBERS OF WHICH SEVEN ARE BOARD MEMBERS OF EITHER CHILDREN'S HOSPITAL COLORADO OR CHILDREN'S HOSPITAL COLORADO FOUNDATION. BASED ON THE FOREGOING, THE DIRECTORS AND OFFICERS OF THE TWO SUPPORTED ORGANIZATIONS HAVE A SIGNIFICANT VOICE IN DIRECTING THE INVESTMENT POLICIES AND THE USE OF THE INCOME OR ASSETS OF CHCHS, THE SUPPORTING ORGANIZATION. SCHEDULE A, PART IV, SECTION E, LINES 3A AND 3B CHCHS MEETS THE INTEGRAL PART TEST OF TREAS. REG. SECTION 1.509(A)-4(I)(4)(I)(B) AND TREAS. REG. SECTION 1.509(A)-4(I)(4)(III) AS CHCHS IS THE SOLE MEMBER AND PARENT ORGANIZATION OF EACH OF THE TWO SUPPORTED ORGANIZATIONS AND A MAJORITY OF THE OFFICERS AND DIRECTORS OF EACH SUPPORTED ORGANIZATION ARE APPOINTED OR ELECTED BY CHCHS. AS THE PARENT AND SOLE MEMBER OF EACH SUPPORTED ORGANIZATION, CHCHS EXERCISES A SUBSTANTIAL DEGREE OF DIRECTION OVER THE POLICIES, PROGRAMS AND ACTIVITIES OF EACH SUPPORTED ORGANIZATION. 164658074 4799061 27332264 9237601 187551798 176068220 4308565 -7659587 8059124 164658074 150034237 11337497 21673337 6976851 176068220 141351054 10670642 4945935 6933394 150034237 135959693 11967943 -209379 6367203 141351054 0.07010 0.64050 0.28940 false false WELLINGTON 82605643 F VIKING 51982925 F SILCHESTER 51248097 F FARALLON 35670000 F NEWPORT ASIA 31310079 F ROCK SPRINGS 31081050 F MARSHALL WACE 30745827 F RENAISSANCE 30472948 F ANCHORAGE 27965476 F KING STREET 26259493 F KYLIN 25429352 F ARISAIG 23177333 F GOLUB CAPITAL 21875000 F IMPALA 20585369 F SPINNAKER 16550695 F CLAYTON DUBILLER RICE IX 14905569 F AG STAR NET LEASE 13841252 F MADISON DEARBORN 12038178 F CASTLELAKE III 10687570 F GEM REALTY V 8531998 F OWL ROCK FUND 5979195 F KSL IV 5211909 F ORBIMED 5093849 F DENHAM COMMODITY PARTNERS VI 4995223 F WALTON STREET 4590968 F CANYON PARTNER FUND III 3706394 F BLACKSTONE FUND IX 3382427 F FORTRESS CREDIT OPPORTUNITY 3040228 F GENERAL ATLANTIC 1850300 F ANGELO GORDON 1540806 F VARDE FUND XIII 1505399 F LEXINGTON CAPITAL 1416403 F DENHAM COMMODITY PARTNERS V 1171470 F MOUNT KELLETT 1070351 F GEM REALTY VI 874794 F HIGHFIELDS CAPITAL LTD 854475 F GOLDMAN SACHS 531796 F FIR TREE 428440 F KSL FUND V 150279 F 614358560 0 I/CO PAYABLE TO CHILDREN'S HOSPITAL COLORADO 1430180 I/CO PAYABLE TO CHILDREN'S HOSPITAL COLORADO FOUNDATION 720198 2150378 X SCHEDULE D, PART V, LINE 4 INCOME FROM THE ENDOWMENTS ARE CURRENTLY BEING DISTRIBUTED TO CHILDREN'S HOSPITAL COLORADO ON A MONTHLY BASIS TO BE USED FOR THE ENDOWMENTS' INTENDED PURPOSES. SCHEDULE D, PART X, LINE 2 MANAGEMENT REVIEWS ITS TAX POSITION ANNUALLY AND HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. Central America and the Caribbean Investments 243493594 Europe (Including Iceland and Greenland) Investments 30745827 274239421 274239421 true false true true true false false true false false false false false false false Jena Hausmann PRESIDENT & CEO 0 979515 0 560952 0 128251 0 282448 0 23473 0 1974639 0 125909 JEFFREY HARRINGTON SR. VP/CFO 0 569791 0 218595 0 89042 0 154703 0 20947 0 1053078 0 84614 MICHELLE LUCERO SR. VP/CLO 0 422230 0 136972 0 78168 0 132064 0 15096 0 784530 0 72012 SCHEDULE J, PART I, LINE 3 THE CEO OF THE ORGANIZATION IS COMPENSATED BY CHILDREN'S HOSPITAL COLORADO, A RELATED TAX-EXEMPT ORGANIZATION. SCHEDULE J, PART I, LINE 4B THE FOLLOWING INDIVIDUALS RECEIVED A PAYOUT FROM A 457(F) SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN: JENA HAUSMANN $ 125,909 JEFFREY HARRINGTON $ 84,614 MICHELLE LUCERO $ 72,012 FORM 990, PART III, LINE 4A CHILDREN'S HOSPITAL COLORADO HEALTH SYSTEM ("CHCHS") WAS FORMED BY THE HOSPITAL WITH AN EFFECTIVE DATE OF JANUARY 1, 2012 TO BE THE PARENT HOLDING COMPANY OF THE HOSPITAL. CHCHS'S BOARD WAS INITIALLY FORMED SUBSTANTIALLY WITH HOSPITAL AND CHILDREN'S HOSPITAL FOUNDATION BOARD MEMBERS AND CHIEF EXECUTIVE OFFICERS. IN CONNECTION WITH THE FORMATION OF CHCHS, THE FOUNDATION AMENDED ITS ARTICLES OF INCORPORATION SUCH THAT CHCHS BECAME THE SOLE CORPORATE MEMBER OF THE FOUNDATION. AS A RESULT, CHCHS ALSO ACQUIRED CONTROL OF THE FOUNDATION, WHICH WAS PREVIOUSLY GOVERNED SEPARATELY FROM THE HOSPITAL AND WAS REFLECTED AS A FINANCIALLY INTERRELATED ORGANIZATION OF THE HOSPITAL. DURING 2012, BOTH THE HOSPITAL AND THE FOUNDATION TRANSFERRED THE MAJORITY OF THEIR LONGER-TERM DESIGNATED ENDOWMENTS AND INVESTMENTS TO CHCHS. CHCHS INVESTS AND DISTRIBUTES THESE FUNDS FOR THE BENEFIT OF THE HOSPITAL. FORM 990, PART V, LINE 2A; PART VII, SECTION A; AND PART IX CHILDREN'S HOSPITAL COLORADO HEALTH SYSTEM DOES NOT HAVE EMPLOYEES, BUT SHARES THE COST OF CERTAIN EXPENSES WITH CHILDREN'S HOSPITAL COLORADO, A RELATED TAX-EXEMPT ORGANIZATION. FORM 990, PART VI, LINE 11B CHILDREN'S HOSPITAL COLORADO'S (A RELATED TAX-EXEMPT ORGANIZATION) FINANCE DEPARTMENT LEADERSHIP CONDUCTS A REVIEW OF THE FORM 990 WITH THE CFO PRIOR TO THE DRAFT BEING DISTRIBUTED TO THE BOARD OF DIRECTORS. ANY NECESSARY CHANGES ARE MADE, THE FORM IS SIGNED BY THE CFO, AND A FINAL COPY IS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO SUBMISSION TO THE IRS VIA A SECURED WEBSITE. FORM 990, PART VI, LINES 12, 13, AND 14 A CONFLICT OF INTEREST POLICY, WHISTLEBLOWER POLICY AND DOCUMENT RETENTION AND DESTRUCTION POLICY WERE NOT FORMALLY ADOPTED BY THE BOARD OF CHCHS IN 2019, THEREFORE THESE QUESTIONS HAVE BEEN ANSWERED "NO." HOWEVER, CHCHS DOES FOLLOW THE POLICIES ADOPTED BY THE HOSPITAL AND THE FOUNDATION, RELATED TAX-EXEMPT ORGANIZATIONS WHOSE BOARD MEMBERS MAKE UP THE CHCHS BOARD. AS EACH BOARD MEMBER OF CHCHS IS ALSO A MEMBER OF THE BOARD OF DIRECTORS OF THE HOSPITAL OR THE FOUNDATION, SUCH BOARD MEMBERS ARE REQUIRED TO DISCLOSE, ON AN ANNUAL BASIS, POTENTIAL CONFLICTS OF INTEREST PURSUANT TO THE WRITTEN POLICIES OF THE HOSPITAL AND THE FOUNDATION. IN ADDITION, ARTICLE XV OF THE BYLAWS OF CHCHS ADDRESSES CONFLICTS OF INTEREST. FORM 990, PART VI, LINE 19 THESE DOCUMENTS ARE MADE AVAILABLE UPON REASONABLE REQUEST. FORM 990, PART XI, LINE 9 Equity Transfer from CHCF $ 2,425,260 Equity Transfer to CHCO $ (8,281,240) Equity Transfer from CHCF $ (6,000,000) Other Changes in Net Assets $ 3,189,681 ============= TOTAL $ (8,666 299) CHILDREN'S HOSPITAL COLORADO 13123 E 16TH AVENUE AURORA CO 80045 840166760 HEALTHCARE CO 501(c)(3) 3 CHCHS true CHILD HEALTH MANAGEMENT SERVICES INC 13123 E 16TH AVENUE Aurora CO 80045 742266667 BILLING SVCS CO 501(c)(3) 3 CH-COLORADO true CHILDREN'S HOSPITAL COLORADO FOUNDATION 13123 E 16TH AVENUE Aurora CO 80045 840813462 FOUNDATION CO 501(c)(3) 7 CHCHS true CHILDREN'S HEALTH CORPORATION 13123 E 16TH AVENUE Aurora CO 80045 742235572 SUPPORTING CO 501(c)(3) 12, TYPE 1 CH-COLORADO true RMCHS MANAGEMENT SERVICES INC 13123 E 16TH AVENUE AURORA CO 80045 840957415 BILLING CO CH-COLORADO C Corp 0 0 true PEDIATRIC CARE NETWORK CHC LLC 13123 E 16TH AVENUE AURORA CO 80045 813554450 HEALTHCARE CO CH-COLORADO C Corp 0 0 true false true true false false false false false false false false false true true true false false false false CHILDREN'S HOSPITAL COLORADO FOUNDATION b 6000000 Accrual CHILDREN'S HOSPITAL COLORADO FOUNDATION c 2425000 Accrual CHILDREN'S HOSPITAL COLORADO b 8281000 Accrual CHILDREN'S HOSPITAL COLORADO o 126779 Accrual