2020-11-11T19:14:33-06:00 2019-12-31 ERNST & YOUNG US LLP 950 MAIN AVENUE SUITE 1800 CLEVELAND OH 44113 990 2019-01-01 237114013 Akron Children's Hospital Foundation % ALICIA LAMANCUSA VP FINANCE AKRO 3305438171 ONE PERKINS SQUARE AKRON OH 44308 SPENCER A KOWAL Chief Finan Officer 3305434251 2020-11-11 true TERENCE M KENNEDY P00089502 2168615000 65.25.82.113 34237520203165000000 2020-11-11 P C0AE195DC5A82C94624B2172D86CF2E31BB54341 8926F5B1779455CD3DAE70861609C9F06FDBC616 2019 2021-01-29 14:40:06Z SPENCER A KOWAL ONE PERKINS SQUARE AKRON OH 44308 65960063 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. 35 28 0 0 -4433 -4433 17612692 18230004 0 0 5929604 4014442 -378941 -376044 23163355 21868402 6563679 8178271 0 0 2864863 3036720 0 0 4714426 1354915 1932209 10783457 13147200 12379898 8721202 133211404 163361840 2058233 1133760 131153171 162228080 X 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 8178271 8178271 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 2019, $4,373,728 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. During 2019, philanthropy played a key role with the opening of a Behavioral Health Center on our Beeghly campus as well as expanded our mother-baby continuum with new neonatal and maternal fetal medicine partnerships. CHMCA also opened three health centers with the generous support of our donors, in Mansfield, North Canton and Boston Heights. Services at these health centers include Akron Children's Hospital Pediatrics, urgent care, pediatric specialty care, rehabilitation services, radiology and laboratory medicine. 8178271 true true false false false false false false false true true false false true true false false true false false false false false false true false false true false true false false false false false false false false false false false false false true true false false false true X 0 0 0 false false false false false false true true false false false false false false X 35 28 false false false false true true false true true false false false true true true true true false false false OH X ALICIA LAMANCUSA VP FINANCE 3305438171 ONE PERKINS SQUARE AKRON OH 44308 GRACE WAKULCHIK PRESIDENT & CEO 1.0 52.0 X X 0 1218636 497337 WILLIAM CONSIDINE CEO EMERITUS 0.0 40.0 X 0 1589082 114906 John Crow MD Director 1.0 49.0 X 0 1071008 30422 Bruce Cohen MD Director 1.0 40.0 X 0 575941 44846 Michael P Trainer Treasurer/CFO (Ret 7/26/2019) 2.0 42.0 X X 0 607301 11633 Jeffrey Hord MD Director 1.0 40.0 X 0 405279 185368 Spencer Kowal Treasurer/CFO (Beg 7/15/2019) 2.0 44.0 X X 0 400335 10371 John LaGuardia Sr. Director, Special Projects 41.0 0.0 X 359798 0 33620 Timothy DuFore Sr. Director, Foundation 40.0 0.0 X 219134 0 38610 Michele Brown VP Development (Beg 4/1/2019) 40.0 0.0 X X 211956 0 26565 Maureen Katanic Sr. Director, Planned Giving 40.0 0.0 X 144952 0 33077 Luann Maynard Director of Development MV 40.0 0.0 X 107975 0 8192 Harriet Berloff Director 1.0 0.0 X 0 0 0 David Bouffard 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 Thomas Crowley Director 1.0 2.0 X 0 0 0 Carina Diamond Director 1.0 0.0 X 0 0 0 Gary Didado Director 1.0 0.0 X 0 0 0 Paul Dutton Chairman 12.0 3.0 X X 0 0 0 Bennett Gaines Director 1.0 0.0 X 0 0 0 Tammy Gersman Director 1.0 18.0 X 0 0 0 Arthur Gonzales Director 1.0 0.0 X 0 0 0 Gayle Green 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 Philip Lopez 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 4.0 X 0 0 0 Diana McCool Director 1.0 0.0 X 0 0 0 Greg McDermott Director 1.0 11.0 X 0 0 0 Mark Oelschlager Secretary 2.0 1.0 X X 0 0 0 John Orr Director 1.0 22.0 X 0 0 0 Charles Schmutz Director 1.0 1.0 X 0 0 0 William Schumacher Director 1.0 1.0 X 0 0 0 Laura Slomsky Director 1.0 0.0 X 0 0 0 Xhonela Suli Director 1.0 0.0 X 0 0 0 Linda Venner Director 1.0 0.0 X 0 0 0 Brian Wagner Director 1.0 1.0 X 0 0 0 William Waldman Director 1.0 0.0 X 0 0 0 1043815 5867582 1034947 5 true true false 0 892913 797512 16539579 18230004 0 3120919 3120919 0 0 0 0 0 44613573 43720050 893523 893523 893523 0 892913 371611 -371611 -371611 0 0 0 0 0 0 PARTNERSHIP BUSINESS LOSS -4433 -4433 -4433 21868402 -4433 3642831 8178271 8178271 0 0 0 631941 631941 0 1850065 1850065 162800 162800 236561 236561 155353 155353 0 0 0 0 0 254503 254503 4136 4136 223510 223510 256166 256166 0 0 96822 96822 189296 189296 0 0 0 0 24818 24818 0 EQUIP REPAIR & MAINTENANCE 252 252 DONOR CULTIVATION 527911 527911 GENERAL EXPENSES 201273 201273 DUES AND SUBSCRIPTIONS 153522 153522 13147200 8178271 254503 4714426 0 0 0 0 9246808 9960915 0 0 0 0 0 0 0 0 0 0 348320 377164 592585 524541 91804 68044 115819819 144563031 0 0 0 0 0 0 7704653 8392686 133211404 163361840 291280 713644 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1766953 420116 2058233 1133760 X 58274428 74469169 72878743 87758911 131153171 162228080 133211404 163361840 X 8721202 17891188 4462519 X false true X true false X 13099331 11298525 13615950 17612692 18230004 73856502 0 0 13099331 11298525 13615950 17612692 18230004 73856502 1047812 72808690 1445753 1523785 2228021 2831818 3120919 11150296 0 0 85006798 0.85650 0.78293 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 75792308 9438289 9811347 3679227 91362717 75724721 12403356 -6526046 5809723 75792308 70020604 7953081 4840320 7089284 75724721 69532080 6355857 1475972 7343305 70020604 84300290 8433656 -2702700 20499166 69532080 0.03940 0.20310 0.75750 true false 592585 524541 68044 68044 BENEFICIAL INTEREST IN TRUSTS 8392686 8392686 0 INTRAFUND PAYABLE 420116 420116 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 550602 550602 358094 MV RADIOTHON 342311 342311 13517 0 892913 892913 371611 371611 -371611 true CHILDREN'S HOSPITAL MEDICAL CENTER OF AKRON ONE PERKINS SQUARE AKRON OH 44308 340714357 501(c)(3) 4373728 PATIENT CARE NEEDS CHILDREN'S HOSPITAL MEDICAL CENTER OF AKRON ONE PERKINS SQUARE AKRON OH 44308 340714357 501(c)(3) 3804543 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 X true true false true false false false false false false false GRACE WAKULCHIK PRESIDENT & CEO 0 888585 0 264167 0 65884 0 488068 0 9269 0 1715973 0 0 Michael P Trainer Treasurer/CFO (Ret 7/26/2019) 0 301848 0 175000 0 130453 0 5600 0 6033 0 618934 0 0 John LaGuardia Sr. Director, Special Projects 244999 0 100000 0 14799 0 16113 0 17507 0 393418 0 0 0 Bruce Cohen MD Director 0 551310 0 15000 0 9631 0 20942 0 23904 0 620787 0 0 Jeffrey Hord MD Director 0 376215 0 23698 0 5366 0 160415 0 24953 0 590647 0 0 Spencer Kowal Treasurer/CFO (Beg 7/15/2019) 0 211963 0 150000 0 38372 0 0 0 10371 0 410706 0 0 Michele Brown VP Development (Beg 4/1/2019) 196727 0 100 0 15129 0 11807 0 14758 0 238521 0 0 0 WILLIAM CONSIDINE CEO EMERITUS 0 759989 0 630000 0 199093 0 96448 0 18458 0 1703988 0 0 John Crow MD Director 0 1067396 0 0 0 3612 0 21042 0 9380 0 1101430 0 0 Timothy DuFore Sr. Director, Foundation 213650 0 3000 0 2484 0 15522 0 23088 0 257744 0 0 0 Maureen Katanic Sr. Director, Planned Giving 140200 0 3000 0 1752 0 8124 0 24953 0 178029 0 0 0 Part I, Line 1a - Fringe or Expense Explanation John LaGuardia, Senior Director of Special Projects and Michele Brown, Executive Director and Vice President 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. NO DISTRIBUTIONS WERE MADE IN 2019. THE FOLLOWING INDIVIDUALS ARE PARTICIPANTS IN SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS DURING 2019, 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 2019. SPENCER KOWAL GRACE WAKULCHIK . 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, to the President a list of all businesses or other organizations in which he/she 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, or a question of duality of interest, and, as such, potential for a conflict of interest, it is the primary responsibility of the individual directly involved and responsibility of other personnel, to the extent that they become aware of a duality of interest, to make immediate and complete written disclosure to the Chairman. He will review the situation with the President for resolution. It is the responsibility of the President or her designee to evaluate any circumstance in which a duality of interest exists, (if known, when disclosed or undisclosed), to determine whether the duality represents the potential for a conflict of interest, and whether such conflict is so substantial that it is deemed to be detrimental to CHMCA. Any Board member who is directly or indirectly involved in a situation which represents a duality of interest, and as such, a potential conflict of interest, will abide by the following policies: 1. Individual will not be permitted access to any information which may provide an unfair advantage to that individual or the firm he/she represents. 2. Individual will be required to withdraw from any meeting in which the matter is discussed. 3. Individual will not be permitted to participate in deliberation or vote on the matter and will be required to leave the room during voting. 4. Any Board member is expressly prohibited from releasing any "sensitive information" regarding a decision made or being considered to any person who may have a duality of interest, and as such, a potential conflict of interest. 5. Any attempt on the part of any Board member to unfairly influence or impact the decision making process in favor of personal interest may be considered breach of trust and may be cause for removal from his/her position of responsibility or other disciplinary action up to and including discharge. 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, the 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 $ 3,770,053 Change in Value of Trusts 688,033 Partnership Loss 4,433 Total 4,462,519 Part V, Line 2 (a) - Additional Information The Akron Children's Hospital Foundation ("ACHF") reports 0 employees on Form 990, Part 1, Question 5 and Form 990, Part V, Question 2a as it is not required to file Form W-3, transmittal of wages and tax statement. ACHF's compensation is paid by the related organization, Children's Hospital Medical Center of Akron ("CHMCA") which issues the form W-2 and W-3, and the expense is transferred to ACHF. The compensation amounts reported in this 990 reflect the amount transferred to ACHF from CHMCA. 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