2020-05-15T18:19:39-05:00 2019-06-30 KPMG LLP 3975 Freedom Circle Dr Suite 100 Santa Clara CA 95054 990 2018-07-01 953545901 RADY CHILDREN'S HOSPITAL AND HEALTH CENTER % NISHANTHA RATNAYAKE RADY 8585761700 3020 CHILDRENS WAY MC 5001 SAN DIEGO CA 921234282 JAMES ULI CFO/TREASURER 2020-05-14 true SHALINI SAIDHA P01959812 4083675764 2020-05-15 199.207.253.101 77070920201365000016 2020-05-15 P 45A8568F3D6DD65DED9B8AFD68B75215B242B44C AFC1CABF2724952AFBFC3879A4882118A11459E7 2018 2021-01-29 14:40:06Z PATRICIO A FRIAS MD 3020 CHILDRENS WAY MC 5001 SAN DIEGO CA 921234282 8598589 false X WWW.RCHSD.ORG X 1980 CA the organization maintains, operates, and raises funds for, and otherwise supports rady children's hospital - san diego. 24 24 0 0 344653 2571158 0 0 0 2989819 2162166 0 0 5560977 2162166 0 0 0 0 0 0 0 0 0 73729 64096 73729 64096 5487248 2098070 70250970 86903187 694872 430182 69556098 86473005 X SEE SCHEDULE O false false 0 0 0 THE ORGANIZATION MAINTAINS, OPERATES, AND RAISES FUNDS FOR, AND OTHERWISE SUPPORTS RADY CHILDREN'S HOSPITAL - SAN DIEGO. 0 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 0 0 0 true true true BD false false false false false false false false false X 24 24 false false false false false false false true true false false true true true true true true false false false CA X NISHANTHA RATNAYAKE 8585761700 3020 CHILDRENS WAY MC 5001 SAN DIEGO CA 921234282 DAVID F HALE Board Member 2.0 6.0 X 0 0 0 THEODORE D ROTH Board Member 2.0 2.0 X 0 0 0 LISA A BARKETT board member 2.0 2.0 X 0 0 0 ANDREW S CLARK board member 2.0 2.0 X 0 0 0 JOHN M GILCHRIST JR board member 2.0 4.0 X 0 0 0 S DOUGLAS HUTCHESON VICE CHAIR 4.0 8.0 X X 0 0 0 CATHERINE J MACKEY PHD board member 2.0 4.0 X 0 0 0 G DIEGO MIRALLES MD board member 2.0 6.0 X 0 0 0 TINA NOVA PHD board member 2.0 6.0 X 0 0 0 MICHAEL P PECKHAM CHAIR 4.0 10.0 X X 0 0 0 SCOTT N WOLFE ESQ board member 2.0 4.0 X 0 0 0 PRADEEP KHOSLA PHD board member 2.0 2.0 X 0 0 0 HARRY M RADY board member 2.0 4.0 X 0 0 0 PAUL HERING board member 2.0 4.0 X 0 0 0 Martin Brotman MD Board Member 2.0 2.0 X 0 0 0 MICHAEL J FARRELL BOARD MEMBER 2.0 2.0 X 0 0 0 DEBRA L REED-KLAGES BOARD MEMBER 2.0 2.0 X 0 0 0 HENRY L NORDHOFF BOARD MEMBER 2.0 4.0 X 0 0 0 DONALD J ROSENBERG BOARD MEMBER 2.0 2.0 X 0 0 0 DAVID A BRENNER MD BOARD MEMBER 2.0 4.0 X 0 0 0 KERI CARSTAIRS MD Board Member 2.0 2.0 X 0 0 0 ELIZABETH RODRIGUEZ-DIAS BOARD MEMBER 2.0 2.0 X 0 0 0 DENISE SUTTNER MD BOARD MEMBER 2.0 3.0 X 0 0 0 CHRIS TRESSE Board Member 2.0 6.0 X 0 0 0 Gail Knight sr. vp, cmo 2.0 48.0 X 0 680809 8879 NICHOLAS Matthew HOLMES MD SR. VP, COO 2.0 48.0 X 0 742217 35180 DONALD B KEARNS MD MMM President & CEO (thru 12/18) 2.0 48.0 X 0 1533791 63981 MARGARETA E NORTON EXEC. VP, CAO, SECRETARY 2.0 48.0 X 0 938403 165058 BELINDA SANTOS-ramirez Board Admin & Chief of Staff 2.0 48.0 X 0 127788 55464 Kathleen CAIN CARRITHERS SVP, CFO, TREASURER 2.0 48.0 X 0 770961 29711 STEPHEN JENNINGS SR. VP, EXEC DIR FOUNDATION 0.0 50.0 X 0 603864 85810 PATRICK FRIAS MD PRESIDENT & CEO (FROM 12/18) 2.0 48.0 X 0 0 0 0 5397833 444083 0 false true false NONE 0 0 0 0 1235486 344653 890833 0 0 0 0 0 7363103 6436423 926680 926680 926680 0 0 0 0 0 0 0 0 0 0 2162166 344653 1817513 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 61344 61344 0 0 0 0 0 0 0 0 0 0 0 0 0 LICENSES/TAXES 2752 2752 64096 0 64096 0 0 10152856 0 0 2561285 2514150 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 43527833 48812556 23258400 24230299 0 0 903452 1193326 70250970 86903187 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 694872 430182 694872 430182 X 68952927 85878968 439033 429899 164138 164138 69556098 86473005 70250970 86903187 X 2098070 1389284 13429553 X false true X true false X X 1 RADY CHILDREN'S HOSPITAL SAN DIEGO 951691313 3 false 0 64096 1 0 64096 false false false false false true false false false false false false false false false true Part IV, Section A, Question 1 Rady Children's Hospital and Health Center (RCHHC) is the sole member of Rady Children's Hospital San Diego (RCHSD). This organization, along with the other exempt organizations listed on Schedule R, Part II, are part of the Rady Children's Hospital and Health Center Health System. RCHHC and RCHSD have the same president & CEO, the same CFO, and the directors are the same for both organizations. Part IV, Section A, Question 6 RCHHC also provides support to the other exempt organizations listed on Schedule R Part II. These organizations are part of the Rady Children's Hospital and Health Center Health System. 109949631 4481919 2755878 4421460 92547 112673421 101712762 6622916 6082110 4360156 108001 109949631 93441640 2751574 9143887 3522210 102129 101712762 77890677 19892990 -1413872 2851124 77031 93441640 76459422 3208716 1216883 2924611 69733 77890677 0.61020 0.34150 0.04830 true true true 36 SOUTH 1240303 F ACTIS ENERGY 3 154742 F ADVENT INTERNATIONAL GPE VIII 204030 F AMERICAN INDUSTRIAL PARTNERS C 221221 F AMERICAN INDUSTRIAL PARTNERS C 204202 F AMERICAN SECURITIES PARTNERS V 5743 F AMERICAN SECURITIES PARTNERS V 95474 F AMERICAN SECURITIES PARTNERS V 184454 F AMERICAN SECURITIES PARTNERS V -1025 F CVC CREDIT PARTNERS GLOBAL SPE 274507 F CVC CREDIT PARTNERS GLOBAL SPE 126 F DW CATALYST FUND 902385 F EMPYREAN CAPITAL OFFSHORE FUND 1129583 F ENCAP ENERGY 155141 F ENERGY TRUST PARTNERS V 248279 F FORTISSIMO CAPITAL FUND IV 199083 F GLOBAL INFRASTRUCTURE PARTNERS 330949 F GOLDMAN SACHS CAPITAL PARTNERS 31859 F GOLDMAN SACHS VINTAGE FUND IV, 54672 F HIGHLINE SELECT 1104252 F ISQ GLOBAL FUND 251975 F KOPERNIK 2213838 F MARSHALL WACE EUREKA 1267945 F MILLENNIUM TECHNOLOGY VALUE PA 92503 F NY LIFE INSURANCE - ROBERT LIP 1629 F OAKTREE EUROPEAN PRINCIPAL FUN 129143 F OCH-ZIFF CREDIT OPPORTUNITIES 1181544 F PATRIA BRAZILIAN PRIVATE EQUIT 123273 F PATRIA BRAZILIAN PRIVATE EQUIT 85641 F PRIMAVERA CAPITAL FUND III 156009 F RIDGEMONT EQUITY PARTNERS ENER 146574 F RIVERSTONE GLOBAL ENERGY AND P 195250 F SOROBAN OPPORTUNITIES FUND 1334812 F STEPSTONE ENDURANCE LP 47773 F STEPSTONE SECONDARY OPPORTUNIT 82475 F STEPSTONE SECONDARY OPPORTUNIT 106549 F STEPSTONE SECONDARY OPPORTUNIT 327028 F SUVRETTA OFFSHORE FUND LTD 1029202 F TAMARACK GLOBAL HEALTHCARE FUN 1410151 F THE CAMOX FUND 1128185 F THE CHILDREN'S INVESTMENT FUND 2476796 F THIRD POINT OFFSHORE FUND, LTD 1025965 F TPG HEALTHCARE PARTNERS, LP 2147 F TPG PARTNERS VII 425275 F TPG PARTNERS VIII 16886 F TRG GROWTH PARTNERSHIP 49175 F TSE CAPITAL 1414524 F TSSP OPPORTUNITIES PARTNERS IV 33152 F U.S. FARMING 245001 F VISIUM BALANCED FUND 5280 F VISTA EQUITY PARTNERS V 230562 F WATERLAND PRIVATE EQUITY FUND 17320 F WHITE DEER ENERGY II 192888 F YORKTOWN ENERGY PARTNERS IX 43849 F 24230299 0 PAYABLE TO BENEFICIARIES 430182 430182 X Schedule D, Part V, Line 4 Rady Children's Board designated endowment funds support the highest and most urgent needs of the Organization as determined by the Board of Trustees. In addition, donor designated (or restricted) endowment funds support a wide range of initiatives identified by donors. SCHEDULE D, PART X, LINE 2 RCHHC RECOGNIZES AND MEASURES THE TAX BENEFIT FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED, BASED SOLELY ON ITS TECHNICAL MERITS, WITH THE TAXING AUTHORITY HAVING FULL KNOWLEDGE OF ALL RELEVANT INFORMATION. RCHHC RECORDS LIABILITIES FOR UNRECOGNIZED TAX BENEFITS FROM UNCERTAIN TAX POSITIONS AS DISCRETE TAX ADJUSTMENTS IN THE FIRST PERIOD THAT THE MORE LIKELY THAN NOT THRESHOLD IS NOT MET. RCHHC HAS NOT TAKEN ANY SIGNIFICANT UNCERTAIN TAX POSITIONS THEREFORE NO LIABILITY (OR ASSET) HAS BEEN RECOGNIZED AS OF JUNE 30, 2019. Central America and the Caribbean Program Services Offshore captive mgt 4566984 Central America and the Caribbean Investments 72697289 Europe (Including Iceland and Greenland) Investments 9107878 86372151 86372151 true false true true true false PART I, LINE 3(f), COLUMN F THE AMOUNTS LISTED ARE REPORTED ON AN ACCRUAL METHOD OF ACCOUNTING. false true false false false false false false false Gail Knight sr. vp, cmo 0 513053 0 127748 0 40008 0 8879 0 3209 0 692897 0 0 NICHOLAS Matthew HOLMES MD SR. VP, COO 0 526352 0 142808 0 73057 0 8491 0 26689 0 777397 0 0 DONALD B KEARNS MD MMM President & CEO (thru 12/18) 0 989622 0 341438 0 202731 0 43543 0 20438 0 1597772 0 184731 MARGARETA E NORTON EXEC. VP, CAO, SECRETARY 0 635248 0 172324 0 130831 0 156331 0 8727 0 1103461 0 0 BELINDA SANTOS-ramirez Board Admin & Chief of Staff 0 120759 0 7029 0 0 0 39202 0 16262 0 183252 0 0 Kathleen CAIN CARRITHERS SVP, CFO, TREASURER 0 522438 0 140894 0 107629 0 9106 0 20605 0 800672 0 0 STEPHEN JENNINGS SR. VP, EXEC DIR FOUNDATION 0 388577 0 133408 0 81879 0 59303 0 26507 0 689674 0 0 SCHEDULE J, PART I, LINE 3 RADY CHILDREN'S HOSPITAL AND HEALTH CENTER RELIED ON A RELATED ORGANIZATION, RADY CHILDREN'S HOSPITAL - SAN DIEGO, THAT USED ONE OR MORE OF THE METHODS DESCRIBED IN SCHEDULE J, PART I, LINE 3, TO ESTABLISH THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL'S COMPENSATION. SEE FORM 990, PART VI, SECTION B, LINE 15 FOR ADDITIONAL INFORMATION. SCHEDULE J, PART I, LINE 4B Rady Children's Hospital - SAN DIEGO has established a non-qualified plan pursuant to 457(f) of the Internal Revenue Code IN WHICH CERTAIN INDIVIDUALS LISTED ON THE FORM 990, PART VII AND SCHEDULE J ARE PARTICIPANTS. The purpose of this plan is to incentivize eligible senior management employees (President, Senior Vice Presidents, Vice Presidents, Senior Managing Directors) in recognition of the fact that they are required to devote significant amounts of time, skill and energy to the organization. The amounts listed in Schedule J Part II, Column (C) are subject to substantial future service requirements to the organization and are subject to substantial risk of forfeiture. Once vested and not otherwise deferred, the amounts under this plan are reported on Form W-2 as taxable compensation to the individual. Donald Kearns received a payment of $184,731. MISSION DESCRIPTION- FORM 990, PART III, LINE 1 Rady Children's Hospital and Health Center (RCHHC) was formed to acquire, establish, maintain, conduct, operate, raise funds for, and otherwise support, directly or indirectly through its affiliates, facilities and programs for the benefit of children and adults with diseases, disorders, and other health problems of pediatric origin, including providing resources for charity care, research, and education. In addition, RCHHC solicits and receives grants and donations to be used to promote and advance the welfare and activities of its affiliates. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS REVIEWED BY THE CHIEF FINANCIAL OFFICER AND THEN PROVIDED TO THE ORGANIZATION'S AUDIT AND CORPORATE RESPONSIBILITY COMMITTEE FOR REVIEW. FOLLOWING REVIEW BY THE COMMITTEE, THE FORM 990 WAS FINALIZED, SIGNED AND SUBMITTED TO THE INTERNAL REVENUE SERVICE. A COMPLETE COPY OF THE FORM 990 WAS PROVIDED TO EACH VOTING BOARD MEMBER PRIOR TO FILING. FORM 990, Section B, Line 12c On an annual basis and upon election or appointment, the policy and disclosure statement is distributed to all Board members, officers, and key employees and medical staff leaders. All completed and signed statements are returned to the Corporate Compliance Officer for review. If a person discloses a potential or actual conflict, the person with the conflict of interest is excluded from any discussion or approval of such transaction. Financial interest disclosures by board members and officers are brought to the RCHHC Board of Trustees or the Audit and Corporate Responsibility Committee for review and, as needed, appropriate action. Financial interest disclosures by key employees and medical staff leaders are reviewed by the Corporate Compliance Officer and referred to the President and Chief Executive Officer or to the RCHHC Board of Trustees. The Corporate Compliance Officer reports annually to the Executive Corporate Compliance Committee and the Audit and Corporate Responsibility Committee a summary of all disclosures and action taken, if any. All other employees are required to complete a disclosure statement on an annual basis that is reviewed by the Corporate Compliance Officer. FORM 990, PART VI, SECTION B, LINE 15 RADY CHILDREN'S HOSPITAL - SAN DIEGO WORKING THROUGH THE BOARD COMPENSATION COMMITTEE HAS A PROCESS FOR ESTABLISHING, REVIEWING AND APPROVING COMPENSATION OF OFFICERS AND KEY EMPLOYEES OF THE ORGANIZATION ON A NO LESS THAN AN ANNUAL BASIS. THE COMPENSATION COMMITTEE IS COMPRISED OF INDEPENDENT, LAY MEMBERS OF THE BOARD OF TRUSTEES. PRIOR TO CONDUCTING ITS REVIEW, THE CHAIR OF THE COMPENSATION COMMITTEE DETERMINES WHETHER ANY MEMBER HAS A CONFLICT OF INTEREST WITH RESPECT TO THE MATTER(S) UNDER REVIEW. IF THERE IS A CONFLICT, THE CONFLICTED MEMBER RECUSES HIMSELF/HERSELF AND IS NOT PRESENT DURING DISCUSSION OR VOTE ON THE ARRANGEMENT UNDER REVIEW. IN DETERMINING AND APPROVING THE COMPENSATION ARRANGEMENT, THE COMMITTEE CONSIDERS ALL COMPONENTS OF COMPENSATION. IT CONSIDERS COMPARABILITY DATA AND RETAINS AN INDEPENDENT COMPENSATION CONSULTANT TO PROVIDE COMPARABILITY DATA TO THE COMMITTEE. TOTAL COMPENSATION IS TARGETED TO BE BETWEEN THE 50TH AND 75TH PERCENTILES OF THE COMPARABILITY DATA. THE COMMITTEE'S DELIBERATIONS AND DECISIONS ARE DOCUMENTED IN MINUTES THAT ARE REVIEWED AT ITS NEXT MEETING OR SIXTY DAYS AFTER ACTION. THE COMMITTEE'S WRITTEN RECORDS INCLUDE THE (1) TERMS OF THE ARRANGEMENT WITH THE DISQUALIFIED PERSON (INCLUDING THE DATE THE ARRANGEMENT WAS APPROVED); (2) A LIST OF MEMBERS PRESENT DURING THE DISCUSSION OF THE TRANSACTION (AND HOW THE MEMBERS VOTED WHEN IT WAS APPROVED); AND (3) A DESCRIPTION OF THE COMPARABLE DATA RELIED ON BY THE COMMITTEE AND HOW IT WAS OBTAINED. FORM 990, PART VI, SECTION C, LINE 19 WHILE FEDERAL TAX LAWS DO NOT MANDATE THAT THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS BE MADE AVAILABLE FOR PUBLIC INSPECTION, THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. Form 990, Part XI, line 9 OTHER CHANGES IN FUND BALANCE change - split interest agreements $ 155,654 Intercompany Transfer $ 10,016,391 investment in chirpl $ 3,210,265 investment in rcpms $ 47,243 ===================================================== total other changes in fund balance $ 13,429,553 Rady Children's Hospital - San Diego 3020 Childrens Way 5001 San Diego CA 92123 951691313 hospital CA 501(c)(3) 3 RCHHC true Rady Children's Hospital Research Center 3020 Childrens Way 5001 San Diego CA 92123 953814185 Research CA 501(c)(3) 12a rchhc true Rady Children's Health Services San Dieg 3020 Childrens Way 5001 San Diego CA 92123 330278018 Support RCHSD CA 501(c)(3) 12a RCHSD true Rady Children's Hospital Foundation San 3020 Childrens Way 5001 San Diego CA 92123 330170626 Fundraising CA 501(c)(3) 7 RCHHC true Children's Hospital Integrated Risk Prot Canons Court Victoria Street Hamilton, HM12 BD 999999999 Captive Insur BD RCHHC C Corp -8393 2603595 1.00000 true Rady Children's Physician Management Ser 3860 Calle Fortunada Suite 200 San Diego CA 921234282 330670694 Management Se CA RCHHC C Corp. -798123 19116353 1.00000 true Children's Hospital Insurance Limited Canons Court 22 Victoria Street Hamilton BD HM12 999999999 Captive Insur BD CHIRP C corp 3476000 25034537 1.00000 true CRUT(6) 3020 CHILDRENS WAY MC 5133 SAN DIEGO CA 921234282 crut CA RCHHC TRUST 1.00000 true true true true true false false false false false false false false false false false false false false false RADY CHILDREN'S PHYSICIAN MGMT SVCS d 4927716 see part vii RADY CHILDREN'S PHYSICIAN MGMT SVCS a(ii) 344653 see part vii SCHEDULE R PART V, LINE 2 The amounts on Schedule R Part V Line 2 were determined as follows: (a) and (d) - based on loan terms. (b) and (c) - the contribution received and the the grant to RCHSD were determined based on the original donor's requirements and as approved by respective donors. (b) - the amount transferred to chil was a capital contribution. (o) and (p) transactions - these amounts were reimbursements for employee salaries and benefits for the services the employees provided to RCHHC and cost reimbursements for other expenses.