2020-11-12T11:32:29-06:00 2019-12-31 350921680 CROWE LLP 401 East Las Olas Blvd Suite 1100 Fort Lauderdale FL 333014230 990 2019-01-01 592602318 Miami Children's Hospital Research Institute INC MIAM 3056666511 3100 SW 62nd Avenue Miami FL 33155 Dawn Javersack SVP and CFO 2020-11-12 true Brittney Kocaj P01320603 9542028600 2019 2021-01-29 14:40:06Z Matthew A Love 3100 SW 62nd Avenue Miami FL 33155 5568192 false X www.nicklauschildrens.org X 1984 FL The Miami Children's Research Institute (MCRI) provides infrastructure and clinical research services to support and streamline clinical and translational research activity. 16 13 51 13 57506 0 2447141 2903093 2527002 2631074 0 0 6136 3977 4980279 5538144 0 0 0 0 4079970 4034453 0 0 0 1303308 2494074 5383278 6528527 -402999 -990383 1775252 1902583 11294404 12421418 -9519152 -10518835 The MCRI directly supports the NICKLAUS CHILDREN'S HOSPITAL ("NCH") mission to provide hope through advanced care for our children and families. (CONTINUED ON SCHEDULE O) false false 6526527 2573568 Miami Children's Research Institute (MCRI, currently operating as Nicklaus Children's Hospital Research Institute) is one of the largest providers of pediatric medical research in the southeastern United States. In 2019, The Nicklaus Children's Hospital Research Institute (NCHRI) participated in approximately 300 research studies, many involving new medications and interventions for children with complex or chronic needs. The NCHRI was the first pediatric research program in the state of Florida to receive accreditation by the Association for Accreditation of Human Research Protection Programs (AAHRPP) and was most recently reaccredited in 2017. AAHRPP accreditation affirms an organizational commitment to maintaining the most stringent standards in protecting the safety of research participants and in educating participants and their families regarding risks and potential benefits of taking part in research activities. (CONTINUED ON SCHEDULE O) 6526527 true true false false false false false false false true false false false true true false true false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 20 0 true 51 true true true false false false false false false false false false false false X 16 13 true false false false true true true true true false false true true true true true true false false false X Ana Randin 3056666511 5301 Blue Lagoon Drive Miami FL 33126 Jaret Davis Chairman 0.1 1.5 X X 0 0 0 Jefry Biehler MD Secretary 0.1 40.2 X X 0 401929 26825 Jose Perdomo Interim President & COO MCHRI, VCH, VCH PLT, & MCH WCT 0.1 40.5 X X 0 492484 58093 Joseph Nader Vice Chairman 0.1 0.4 X X 0 0 0 Matthew Love Treasurer/Interim CEO & President 0.1 40.4 X X 0 740892 101675 Narendra M Kini MD CEO/Director (Partial Year) 0.1 40.4 X X 0 1670892 81122 Alex Soto Director 0.1 1.5 X 0 0 0 AMY CHARLEY Director 0.1 0.3 X 0 0 0 Drew Kern Director 0.1 0.4 X 0 0 0 Jay Massirman Director 0.1 1.3 X 0 0 0 John L Nielsen Director 0.1 0.3 X 0 0 0 Jorge Gonzalez Director 0.1 0.3 X 0 0 0 Judge Fred Moreno Director 0.1 0.3 X 0 0 0 Marcelo Laufer MD Director 0.1 0.3 X 0 0 0 Mario Murgado Director 0.1 0.6 X 0 0 0 Michael S Davis Director (partial year) 0.1 40.5 X 0 498919 45544 Michelle Boggs Director 0.1 41.4 X 0 320856 74621 Phillip Newcomm Director 0.1 0.3 X 0 0 0 RAMESH C SACHDEVA Director 0.1 40.5 X 0 504846 81071 Ravneet Chowdhury Esq Director 0.1 1.5 X 0 0 0 ARIANNA URQUIA VP/CFO Hospital 0.1 40.2 X 0 82618 10889 Michael L Harrington President (Partial Year) 0.1 40.4 X 0 456632 25245 Alexandra L Quittner Senior Research Scientist 40.0 0 X 175622 0 12189 AMBER N SAUNDERS Assoc Dir Spon Prgms/Rch Admin 40.0 0 X 101282 0 21536 Daria Salyakina Associate Director PM & HO Research 40.0 0 X 118812 0 22256 Nicole S McCullough MGR RESEARCH REG. AFFAIR/Director RI (Partial Year) 40.0 0 X 103916 0 19283 Jodi Laurence Esq Vice Chairman 0.1 40.3 X 0 291548 43040 Timothy L Birkenstock Former Treasurer 0.0 0.0 X 0 202553 9574 499632 5664169 632963 4 true true false Western Institutional Review PO Box 150434 Hartford CT 611150434 Consulting Services 114664 1 2830508 72585 2903093 Clinical Trial Revenue 541700 2597087 2539581 57506 Grant Revenue 541700 33987 33987 0 0 0 0 2631074 34025 30048 3977 0 3977 3977 0 0 0 0 0 0 0 5538144 2573568 57506 3977 X 0 0 3254220 3254220 73310 73310 488272 488272 218651 218651 2000 2000 1136200 1136200 0 0 97222 97222 124855 124855 12960 12960 92001 92001 44473 44473 84781 84781 29910 29910 Bad Debt 828339 828339 Dues & Subscriptions 28320 28320 Miscellaneous 9127 9127 Course expenses 2448 2448 1438 1438 0 0 6528527 6526527 2000 0 1359854 1589169 0 0 0 0 6 240 427383 113969 415152 313414 0 0 0 0 1775252 1902583 270286 916777 0 0 11024118 11504641 11294404 12421418 X -9743294 -10733677 224142 214842 -9519152 -10518835 1775252 1902583 X -990383 -9300 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 427383 113969 313414 313414 Due to Affiliates Due to Affiliates 11504641 11504641 X Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote MIAMI CHILDREN'S HOSPITAL RESEARCH INSTITUTE'S FINANCIAL INFORMATION IS INCLUDED IN THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS OF NICKLAUS CHILDREN'S HEALTH SYSTEM (NCHS), A RELATED ORGANIZATION. NCHS' ASC 740 FOOTNOTE FOR THE YEAR ENDED DECEMBER 31, 2019, READS AS FOLLOWS: "THE SYSTEM AND CERTAIN OF ITS AFFILIATED ORGANIZATIONS QUALIFY AS TAX-EXEMPT, NONPROFIT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE). THE HOSPITAL, PSA, NCHF AND THE RESEARCH INSTITUTE ARE EXEMPT FROM FEDERAL INCOME TAX ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE AS DESCRIBED IN SECTION 501(C)(3). THESE TAX-EXEMPT ENTITIES HAD NO TAX PROVISION FOR THE YEARS ENDED DECEMBER 31, 2019 AND 2018. THE CAPTIVE INSURANCE COMPANY IS NOT SUBJECT TO INCOME TAXES, AS NO INCOME TAXES ARE LEVIED IN THE CAYMAN ISLANDS. THE SYSTEM BELIEVES THERE IS NO UNCERTAIN TAX LIABILITY WHICH SHOULD BE RECORDED AS OF DECEMBER 31, 2019 AND 2018. THE HEALTH PLAN IS A LIMITED LIABILITY COMPANY WHICH IS TAXED AS A PARTNERSHIP AND THEREFORE IS GENERALLY NOT A TAXPAYING ENTITY FOR FEDERAL OR STATE INCOME TAX PURPOSES. IN LIEU OF CORPORATE INCOME TAXES, THE MEMBERS ARE TAXED ON THE HEALTH PLAN'S TAXABLE INCOME. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THESE FINANCIAL STATEMENTS." X true true true true false false false false false false false Jodi Laurence Esq Vice Chairman 0 289794 0 0 0 1754 0 26043 0 16997 0 334588 0 0 Jefry Biehler MD Secretary 0 399916 0 0 0 2013 0 8400 0 18425 0 428754 0 0 Narendra M Kini MD CEO/Director (Partial Year) 0 832435 0 0 0 838457 0 67341 0 13781 0 1752014 0 0 Matthew Love Treasurer/Interim CEO & President 0 647869 0 0 0 93023 0 77091 0 24585 0 842568 0 0 Jose Perdomo Interim President & COO MCHRI, VCH, VCH PLT, & MCH WCT 0 468466 0 0 0 24018 0 50268 0 7825 0 550577 0 0 Michelle Boggs Director 0 319857 0 0 0 1000 0 50254 0 24366 0 395477 0 0 Michael S Davis Director (partial year) 0 325226 0 0 0 173693 0 37327 0 8218 0 544463 0 0 RAMESH C SACHDEVA Director 0 499313 0 0 0 5533 0 67703 0 13368 0 585917 0 0 Timothy L Birkenstock Former Treasurer 0 166008 0 0 0 36545 0 4513 0 5060 0 212126 0 0 Michael L Harrington President (Partial Year) 0 243700 0 0 0 212932 0 22374 0 2872 0 481877 0 0 Alexandra L Quittner Senior Research Scientist 173172 0 0 0 2450 0 5154 0 7035 0 187811 0 0 0 Schedule J, Part I, Line 3 ESTABLISH COMPENSATION The organization relied on the methods of establishing compensation for the organization's CEO employed by NICKLAUS CHILDREN'S HEALTH SYSTEM. (EIN: 45-3481327). NICKLAUS CHILDREN'S HEALTH SYSTEM uses the following methods to establish such compensation: - Compensation Committee - Independent Compensation Consultant - Compensation survey or study - Approval by the Board of Compensation Committee Schedule J, Part I, Line 1a Tax indemnification and gross-up payments ALL OF THE COMPENSATED INDIVIDUALS LISTED ON PART VII RECEIVED TAX GROSS-UP PAYMENTS DURING THE YEAR. THE GROSS-UP PAYMENT WAS TREATED AS TAXABLE COMPENSATION TO THEM. Schedule J, Part I, Line 4a Severance or change-of-control payment THE FOLLOWING INDIVIDUALS RECEIVED SEVERANCE PAYMENTS DURING THE YEAR - MICHAEL S DAVIS - $141,926.40 NARENDRA M KINI - $589,409.60 MICHAEL L HARRINGTON - $202,950.06 Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan THE FOLLOWING CONTRIBUTIONS WERE MADE TO A SECTION 457(F) PLAN DURING THE YEAR - MICHELLE J BOGGS - $47,253.96 MATTHEW LOVE - $76,502.40 JOSE PERDOMO - $43,779.84 MICHAEL S DAVIS - $30,750.72 NARENDRA M KINI - $58,940.96 ARIANNA URQUIA - $10,687.56 MICHAEL L HARRINGTON - $17,691.96 THE FOLLOWING DISTRIBUTIONS WERE MADE FROM A SECTION 457(F) PLAN DURING THE YEAR - JOSE PERDOMO - $19,021.42 MICHAEL S DAVIS - $ 30,964.17 NARENDRA M KINI - $ 232,728.15 Form 990, Part III, Line 4a PROGRAM SERVICE DESCRIPTION The NCHRI provides research support services for all types of clinical research studies including those initiated by industry partners, external institutions, and NCH investigators. Specific services include proposal and protocol development, budget preparation and negotiation, contract negotiation, regulatory submission assistance, regulatory guidance, education, training and clinical research coordinator support. In addition, the NCHRI serves as the home to interdisciplinary research initiatives and engages the community by increasing awareness about Nicklaus Children's Health System (formerly Miami Children's Health System) research initiatives. The NCHRI supports research activities across Nicklaus Children's Health System including the neurology, neurosurgery, hematology and oncology, personalized medicine, genetics, genomics, clinical psychology, cardiology, cardiovascular surgery, orthopedics, nephrology, pulmonology, dermatology, endocrinology, gastroenterology, psychiatry, critical care, radiology, general surgery and urology. In addition the NCHRI works collaboratively with Graduate Medical Education to support the research efforts of our residents and fellows. As part of its support for hematology-oncology research, Nicklaus Children's Hospital maintains full membership in the Children's Oncology Group (COG), a federally funded consortium of pediatric hospitals and departments conducting a large array of clinical research studies offering varied treatments for the spectrum of childhood cancers. In addition, the research institute supports clinical trials funded by industry and academic partners offering novel and innovative treatments for childhood cancers and hematologic diseases. In close collaboration with the Nicklaus Children's Hospital Brain Institute, the NCHRI supports a NCHRI supports a robust portfolio of clinical research studies in the neurosciences focused on various types of epilepsy, neuro-oncology and other neurological conditions. Many of these trials involve include the use of novel investigational products and devices in both neurology clinics and neurosurgical settings. A primary focus of research for both the Nicklaus Children's Hospital Heart program and the Center for Spinal Disorders includes health outcomes research to improve quality of care. Form 990, Part VI, Line 15 DETERMINING COMPENSATION MCH RESEARCH INSTITUTE RELIED ON THE METHODS OF ESTABLISHING COMPENSATION USED BY NICKLAUS CHILDREN'S HEALTH SYSTEM, INC. NO COMPENSATION WAS PAID BY THIS ENTITY DURING THE YEAR, THEREFORE THIS QUESTION HAS BEEN ANSWERED NO IN ACCORDANCE WITH THE INSTRUCTIONS. THE ORGANIZATION AND COMPENSATION COMMITTEE OF NICKLAUS CHILDREN'S HEALTH SYSTEM INC.'S BOARD OF DIRECTORS CONTRACTS WITH AN EXTERNAL CONSULTANT TO OBTAIN MARKET SURVEYS FOR THE CEO AND OTHER EXECUTIVES. THE CONSULTANT ASSISTS THE ORGANIZATION AND COMPENSATION COMMITTEE IN ESTABLISHING A COMPENSATION PROGRAM FOR THE CEO AND OTHER EXECUTIVES. SURVEY RESULTS AND COMPENSATION BEST PRACTICES ARE SHARED WITH THE ORGANIZATION AND COMPENSATION COMMITTEE OF THE BOARD. PERSONS WITH A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AT ISSUE ARE NOT INVOLVED IN ESTABLISHING EXECUTIVE SALARY AND BENEFITS PROGRAMS. DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION AGREEMENT ARE CONTEMPORANEOUS DOCUMENTED. THIS PROCESS IS COMPLETED IN THE FIRST QUARTER EACH YEAR. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons NARENDRA KINI, JAY MASSIRMAN, MARIO MURGADO AND MATTHEW A. LOVE - Business relationship Form 990, Part VI, Line 6 Classes of members or stockholders Variety Children's Hospital d/b/a Nicklaus Children's Hospital, a Florida corporation, acting through its Board of Directors, is the sole Member of this corporation. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body Whenever a vacancy exists on the Board of Directors whether by death, resignation, or otherwise, the vacancy shall be filled by Variety Children's Hospital (The Sole Member). Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders An amendment to the Articles of Incorporation may be proposed by the Board of Directors or Variety Children's Hospital (The Sole Member), but such amendment may be adopted only after receiving the approval of the Sole Member. The By-Laws of this corporation may be amended, repealed, or added to, or new By-Laws may be adopted, by the Board of Directors only with the approval by the Sole Member. Form 990, Part VI, Line 11b Review of form 990 by governing body THE FOLLOWING DESCRIBES THE PROCESS FOR PROVIDING THE BOARD OF DIRECTORS WITH A COPY OF THE FORM 990 AND REVIEWING IT: 1. THE DRAFT TAX FORM 990 WILL BE EMAILED TO THE AUDIT AND COMPLIANCE COMMITTEE CHAIR FOR REVIEW AND COMMENTS PRIOR TO FILING. 2. THE PAID TAX PREPARER WILL PRESENT A SUMMARY OF THE INFORMATION TO THE FINANCE COMMITTEE OF THE BOARD. 3. QUESTIONS WILL BE ANSWERED AND IF NECESSARY, TAX FORMS WILL BE ADJUSTED. THE CHAIR WILL APPROVE THE FORM 990. 4. THE FINAL FORM 990 WILL BE POSTED ON THE BOARD WEB PORTAL PRIOR TO FILING. Form 990, Part VI, Line 12c Conflict of interest policy ALL MIAMI CHILDREN'S HOSPITAL RESEARCH INSTITUTE EMPLOYEES ARE INFORMED UPON HIRE, AND ON AN ANNUAL BASIS THEREAFTER, THAT THEY HAVE AN AFFIRMATIVE DUTY TO DISCLOSE ANY ACTUAL, POTENTIAL OR PERCEIVED CONFLICTS OF INTEREST. THEY ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM UPON HIRE, ANNUALLY AND WHENEVER A CHANGE IN CIRCUMSTANCES WARRANTS. CONFLICT OF INTEREST DISCLOSURE FORMS ARE FORWARDED TO THE COMPLIANCE DEPARTMENT BY THE TALENT MANAGEMENT AND EFFECTIVENESS DEPARTMENT. THESE FORMS ARE INITIALLY REVIEWED BY COMPLIANCE DEPARTMENT STAFF. WHEN DEEMED NECESSARY, THE COMPLIANCE DEPARTMENT COLLABORATES WITH THE LEGAL DEPARTMENT. CONFLICTS OF INTEREST THAT NECESSITATE BOARD AWARENESS AND ACTION ARE PRESENTED TO THE AUDIT AND COMPLIANCE COMMITTEE OF THE BOARD FOR RESOLUTION AND IMPOSITION OF SANCTIONS, IF WARRANTED. ANY POTENTIALLY CONFLICTED BOARD MEMBERS ARE RECUSED FROM BOARD DELIBERATIONS AND VOTING ON ITEMS IN WHICH THEY HAVE A POTENTIAL CONFLICT. IN ADDITION, ON AN ANNUAL BASIS, BOARD MEMBERS, PRINCIPAL OFFICERS AND BOARD-DELEGATED COMMITTEE MEMBERS SIGN A STATEMENT WHICH AFFIRMS THAT EACH INDIVIDUAL: (A) HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY; (B) HAS READ AND UNDERSTANDS THE POLICY (C) HAS AGREED TO COMPLY WITH THE POLICY, AND (D) UNDERSTANDS THAT THE HOSPITAL IS A CHARITABLE ORGANIZATION AND THAT IN ORDER TO MAINTAIN ITS FEDERAL EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF IT'S TAX-EXEMPT PURPOSES. A PROCESS IS IN PLACE FOR MANAGING SITUATIONS IN WHICH IT IS DISCOVERED THAT AN INDIVIDUAL WHO IS COVERED BY THE HOSPITAL'S CONFLICT OF INTEREST POLICY FAILED TO PROPERLY DISCLOSE A POTENTIAL CONFLICT OF INTEREST. Form 990, Part VI, Line 19 Required documents available to the public Financial statements, governing documents, and conflict of interest policies are not required disclosures pursuant to Internal Revenue Code (IRC) Section 6104. These documents are not available to the public at this time. Form 990, Part IX, Line 11g Other Fees Physician Fees - Total Expense: 280357, Program Service Expense: 280357, Management and General Expenses: , Fundraising Expenses: ; Consultant Fees - Total Expense: 277833, Program Service Expense: 277833, Management and General Expenses: , Fundraising Expenses: ; Laboratory Fees - Total Expense: 539854, Program Service Expense: 539854, Management and General Expenses: , Fundraising Expenses: ; Casual Labor - Total Expense: 30898, Program Service Expense: 30898, Management and General Expenses: , Fundraising Expenses: ; PURCHASED SERVICES - Total Expense: 7258, Program Service Expense: 7258, Management and General Expenses: , Fundraising Expenses: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances Transfer to affiliate - -9300; FORM 990, PART III, LINE 1 ORGANIZATION'S MISSION The NCHRI mission is to: - Provide leadership, education, expertise and guidance to clinical research professionals at Nicklaus Children's Hospital (NCH) and its affiliates - Serve as a centralized resource within NCH to support conduct of interdisciplinary and patient-oriented research focusing on clinical trials - Provide a primary point of contact for Sponsors and Investigators - Serve as an educational resource to Investigators and Research Staff - Provide an interface with the research participant community The Nicklaus Children's Hospital Research Institute (NCHRI) strives to promote efficiency, standardization, compliance and responsible clinical research conduct through education, quality assurance visits, positive influence and guided internal and community leadership. 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