2019-11-15T14:06:38-06:00 2018-12-31 BKD LLP 1551 N WATERFRONT PKWY STE 300 WICHITA KS 672066601 990 2018-01-01 460865487 ASPEN VALLEY HOSPITAL FOUNDATION % DEBORAH BREEN ASPE 9705441302 0401 CASTLE CREEK ROAD ASPEN CO 81611 GINETTE SEBENALER TREASURER 9705441302 2019-11-15 true SHAWNELL LINOT P01663908 3162652811 167.68.126.162 48010220193195000008 2019-11-15 P 95B3120AAE69DD6B76D96683C007F264E1CA1E33 BA21A7A7DF03597CAA95FF5B57CCAA395E7C7A92 2018 2020-03-31 21:24:44Z DEBORAH BREEN 0401 CASTLE CREEK ROAD ASPEN CO 81611 5239882 false X WWW.SUPPORTASPENVALLEYHOSPITAL.ORG X 2012 CO TO RAISE AND MANAGE PHILANTHROPIC SUPPORT FOR THE CURRENT AND FUTURE NEEDS OF ASPEN VALLEY HOSPITAL. 15 13 0 13 0 5410977 5126286 0 0 0 0 131735 -141175 5542712 4985111 6510534 5035446 0 0 710081 736879 111000 0 802121 576257 551540 7907872 6323865 -2365160 -1338754 4259027 4503189 5941544 7524460 -1682517 -3021271 TO RAISE AND MANAGE PHILANTHROPIC SUPPORT FOR THE CURRENT AND FUTURE NEEDS OF ASPEN VALLEY HOSPITAL. false false 5035446 5035446 0 THIS FOUNDATION RAISED & GRANTED A SIGNIFICANT AMOUNT OF FUNDING FOR THE THIRD & FOURTH PHASES OF THE MASTER FACILITIES PLAN OF ASPEN VALLEY HOSPITAL DISTRICT (AVHD). THIS FOUNDATION CONTINUED TO GRANT FUNDS TO ITS SOLE MEMBER, AVHD, IN EXCESS OF THE ANNUAL DONATIONS RECEIVED IN THE CURRENT YEAR. THE GRANTS ARE PAID THROUGH BOTH CURRENT DONATIONS & PRIOR YEAR PLEDGE PAYMENTS WHICH AMOUNTED TO $1,141,000 IN 2018. CONTRIBUTIONS & GRANTS FROM PART I, LINE 8, DO NOT INCLUDE $1,141,000 IN PLEDGE PAYMENTS RECEIVED IN 2018. AS OF THE END OF THE YEAR, THIS FOUNDATION HELD TOTAL PLEDGE RECEIVABLES OF $4,078,460, WHICH WILL BE PAID TO THIS FOUNDATION & GRANTED TO AVHD AS RECEIVED. 5035446 true true false false false false false false false false false false false false true false false true false false false false false false true false false true false true false false false false false false false false true false false false false true false true false true X 0 0 0 false false false false false true true false false false false false false X 15 13 true false true false true true true true true false false false true true true true true true true false CO FL NJ NY PA X DEBORAH BREEN 9705441302 0401 CASTLE CREEK ROAD ASPEN CO 81611 ARCHER BISHOP MD DIRECTOR 5.0 0.0 X 0 0 0 JOHN SARPRA CHAIRMAN 5.0 0.0 X X 0 0 0 ERNIE FYRWALD VICE CHAIRMAN 5.0 0.0 X X 0 0 0 GINETTE SEBENALER TREASURER 5.0 35.0 X X 0 318537 76363 DAVID RESSLER DIRECTOR 5.0 35.0 X 0 574744 87850 MELINDA NAGLE MD DIRECTOR 5.0 5.0 X 0 0 0 CHUCK FRIAS DIRECTOR 5.0 5.0 X 0 0 0 PAM ALEXANDER DIRECTOR 5.0 0.0 X 0 0 0 COLEY CASSIDY DIRECTOR 5.0 0.0 X 0 0 0 JEFFREY SIEGEL DIRECTOR 5.0 0.0 X 0 0 0 JOAN GURRENTZ SECRETARY 5.0 0.0 X X 0 0 0 DOUGLAS ROVIRA DIRECTOR 5.0 0.0 X 0 0 0 PETE LOURAS DIRECTOR 5.0 0.0 X 0 0 0 ALINIO AZEVEDO DIRECTOR 5.0 0.0 X 0 0 0 CARYN SCHEIDT DIRECTOR 5.0 0.0 X 0 0 0 DEBORAH BREEN PRESIDENT 60.0 0.0 X 266570 0 71570 266570 893281 235783 1 false true false 0 594355 4531931 43554 5126286 0 0 0 0 0 0 0 0 113596 594355 254771 -141175 -141175 0 0 0 0 0 0 0 4985111 -141175 5035446 5035446 0 0 0 338140 33814 304326 0 223057 66917 156140 63355 12391 50964 103666 17930 85736 8661 1825 6836 54385 54385 0 4725 4725 0 0 0 81335 78741 2594 194595 68964 125631 94247 48657 45590 0 0 28350 28350 7381 7381 0 8716 8716 0 0 0 11073 11073 PROV. FOR UNCOLLECTIBLE PLEDGE 418 418 FOOD 4492 2539 1953 DUES AND SUBSCRIPTIONS 36756 36756 _ 0 25067 3134 21933 6323865 5035446 486298 802121 50206 234823 0 0 4169560 4078460 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 39261 189906 4259027 4503189 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5941544 7524460 5941544 7524460 X -1682517 -3021271 0 0 0 0 -1682517 -3021271 4259027 4503189 -1338754 X false true X true false X 11308814 6765552 2969070 5410977 5126286 31580699 0 0 11308814 6765552 2969070 5410977 5126286 31580699 865802 30714897 0 0 0 0 322606 0 0 322606 31903305 0.96275 0.67021 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DUE TO ASPEN VALLEY HOSPITAL 7524460 7524460 SCHEDULE D, PART X, LINE 2 MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITION UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. GHIORSI AND SORRENTI INC FUNDRAISING CONSULTING false CHUKKERS CHAMPA 508451 411605 96846 54961 60395 38318 SNOWBALL GALA 199500 182750 16750 20685 55047 25365 0 707951 594355 113596 75646 115442 63683 254771 -141175 true ASPEN VALLEY HOSPITAL DISTRICT 0401 CASTLE CREEK ROAD ASPEN CO 81611 840720309 GOVERNMENTAL 5035446 OPERATION & CAPITAL SUPPORT 1 SCHEDULE I, PART I, LINE 2 ALL GRANTS REFLECTED (FORM 990, PART I, LINE 8) ARE MADE SOLELY TO ASPEN VALLEY HOSPITAL DISTRICT AND ARE REPORTED AS EXPENSES ON FORM 990, PART I, LINE 13. ASPEN VALLEY HOSPITAL FOUNDATION'S GRANTS PAID TYPICALLY EXCEED CONTRIBUTIONS RAISED AS EXPLAINED IN THE COMMENTS ON FORM 990, PART III, LINE 4A. ADDITIONALLY, ASPEN VALLEY HOSPITAL FOUNDATION LAUNCHED A $60 MILLION CAPITAL CAMPAIGN IN 2013 AND THE CONTRIBUTIONS ON FORM 990, SCH A, PART II, SECTION B, LINE 4 REFLECT SEVERAL MAJOR LEAD GIFTS INTO THE CAMPAIGN IN 2014 AND 2015 WITH SUBSEQUENT YEARS REFLECTING ON-GOING PROGRESS. X false false false false false false false false false GINETTE SEBENALER TREASURER 0 289656 0 28881 0 0 0 37500 0 38863 0 394900 0 0 DAVID RESSLER DIRECTOR 0 454144 0 120600 0 0 0 47500 0 40350 0 662594 0 0 DEBORAH BREEN PRESIDENT 246005 0 20565 0 0 0 33077 0 38493 0 338140 0 0 0 SCHEDULE J, PART I, LINE 3 COMPENSATION FOR DEBORAH BREEN, GINETTE SEBENALER, AND DAVE RESSLER IS PROVIDED BY ASPEN VALLEY HOSPITAL DISTRICT, A RELATED ORGANIZATION. THESE EMPLOYEES ARE LEASED THROUGH THE HOSPITAL AND THE HOSPITAL'S BOARD OF DIRECTORS ANNUALLY APPROVES THEIR COMPENSATION AFTER USING AN INDEPENDENT COMPENSATION CONSULTANT. X 1 10034 FMV X AUCTION ITEMS 3 33520 FMV false true false SCHEDULE M, PART I, COLUMN B THE NUMBERS REPORTED IN COLUMN (B) FOR SECURITIES - PUBLICLY TRADED (LINE 9) AND FOR AUCTION ITEMS (LINE 25) ARE THE NUMBER OF CONTRIBUTIONS. FORM 990, PART V, LINES 1A & 2A ASPEN VALLEY HOSPITAL DISTRICT (EIN 84-0720309), A RELATED ORGANIZATION, PROVIDES EMPLOYEES AND CONTRACTED LABOR TO ASPEN VALLEY HOSPITAL FOUNDATION. ASPEN VALLEY HOSPITAL DISTRICT FILES ALL FORMS 1099 AND W-2 APPLICABLE UNDER THIS ARRANGEMENT. WHILE ASPEN VALLEY HOSPITAL FOUNDATION RAISES RESTRICTED FUNDS IN A $60 MILLION PHILANTHROPIC CAMPAIGN, ASPEN VALLEY HOSPITAL DISTRICT IS FUNDING THE COSTS OF THE FOUNDATION, WHICH WILL BE PAID BACK OVER TIME AT THE CONCLUSION OF THE CAPITAL CAMPAIGN WITH UNRESTRICTED FUNDS RAISED. FORM 990, PART VI, SECTION A, LINE 1A THE PRESIDENT OF THE FOUNDATION IS NOT A VOTING MEMBER. FORM 990, PART VI, SECTION A, LINE 2 DAVE RESSLER, GINETTE SEBENALER, DEBORAH BREEN, CHUCK FRIAS, AND MELINDA NAGLE HAVE AN EMPLOYER AND EMPLOYEE RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 4 ASPEN VALLEY HOSPITAL FOUNDATION MADE SIGNIFICANT CHANGES TO THEIR BYLAWS IN MARCH OF 2018: 1. ALLOWED FOR ONE MEMBER OF THE FOUNDATION: ASPEN VALLEY HOSPITAL (AVH). THE HOSPITAL'S BOARD OF DIRECTORS CAN VOTE ON ANY FOUNDATION MATTER. 2. CLARIFIED POWERS OF THE EXECUTIVE COMMITTEE OF THE BOARD AND AVH AS THE SOLE MEMBER. ALLOWS AVH TO CONDUCT THE REGULAR BUSINESS. 3. CLARIFIED POWERS OF THE SOLE MEMBER: TO TRANSFER FUNDS AND AUTHORIZE DISSOLUTION. TRANSFER OF FUNDS HAPPENS PROMPTLY, SUBJECT TO ANY CONTRACTUAL OR LEGAL REQUIREMENTS/RESTRICTIONS BY THE DONOR. 4. NOTICE OF RESIGNATION OF BOARD MEMBER ALSO MUST BE MADE TO THE CEO OF AVH. 5. VACANT POSITIONS ARE FILLED BY THE MEMBER, BUT RELATED TO POSITIONS HELD AT AVH. 6. REVIEW OF PRESIDENT OF FOUNDATION IS DONE BY AVH CEO. 7. THERE ARE NO EMPLOYEES OF THE FOUNDATION, BUT RATHER THEY ARE AVH EMPLOYEES AND SUBJECT TO AVH POLICIES. 8. AMENDMENTS ARE MADE BY THE MEMBER (AVH) THROUGH MAJORITY VOTE OF THE AVH BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 6 ASPEN VALLEY HOSPITAL DISTRICT, A SPECIAL DISTRICT OF THE STATE OF COLORADO, IS THE SOLE MEMBER OF ASPEN VALLEY HOSPITAL FOUNDATION. FORM 990, PART VI, SECTION A, LINE 7A ASPEN VALLEY HOSPITAL DISTRICT, AS THE SOLE MEMBER OF ASPEN VALLEY HOSPITAL FOUNDATION, HAS THE POWER TO ELECT OR APPOINT THE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B ASPEN VALLEY HOSPITAL DISTRICT, AS THE SOLE MEMBER OF ASPEN VALLEY HOSPITAL FOUNDATION, HAS THE POWER TO MAKE GOVERNANCE DECISIONS FOR THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B AN INDEPENDENT ACCOUNTING FIRM PREPARES AND REVIEWS THE FORM 990. THE FORM 990 IS THEN REVIEWED BY THE TREASURER AND THE PRESIDENT OF ASPEN VALLEY HOSPITAL FOUNDATION. THE TREASURER REVIEWS THE FORM 990 WITH THE BOARD AFTER THE FORM IS FILED WITH THE IRS. THE TREASURER IS AVAILABLE TO ANSWER ANY QUESTIONS OR PROVIDE CLARIFICATION. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS AND OFFICERS ARE SUBJECT TO THE CONFLICT OF INTEREST POLICY AND SIGN AN ANNUAL ACKNOWLEDGEMENT THAT THEY HAVE READ, UNDERSTAND AND COMPLIED WITH THE CONFLICT OF INTEREST POLICY. THE PRESIDENT OF ASPEN VALLEY HOSPITAL FOUNDATION PERFORMS AN ANNUAL REVIEW OF THE CONFLICT OF INTEREST POLICY, AT WHICH TIME ALL BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY CONFLICTS. IF IT IS DETERMINED THAT A CONFLICT OF INTEREST MAY EXIST, THE INTERESTED PERSON SHALL LEAVE THE GOVERNING BOARD MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON BY THE REMAINING NON-INTERESTED MEMBERS. THE BOARD CHAIR MAY APPOINT ANOTHER DISINTERESTED PARTY TO DISCUSS THE TRANSACTION OR THE REMAINING BOARD MEMBERS MAY VOTE TO ENTER INTO OR ABSTAIN FROM THE SUSPECT TRANSACTION. FAILURE TO DISCLOSE FINANCIAL INTERESTS BY INTERESTED BOARD MEMBERS WILL RESULT IN DISCIPLINARY ACTION. ALL CONFLICTS OF INTEREST AND THEIR ULTIMATE RESOLUTION ARE DOCUMENTED IN THE BOARD MINUTES. THE BOARD CONDUCTS PERIODIC REVIEWS TO DETERMINE THAT CONFLICTS ARE BEING IDENTIFIED AND RESOLVED ACCORDING TO POLICY DOCUMENTATION. REVIEWS BY OUTSIDE EXPERTS ARE PERMITTED, BUT NOT REQUIRED. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION OF THE PRESIDENT OF ASPEN VALLEY HOSPITAL FOUNDATION IS DETERMINED BY THE CEO OF ASPEN VALLEY HOSPITAL UPON CONSULTATION AND REVIEW WITH ASPEN VALLEY HOSPITAL'S BOARD OF DIRECTORS AND THE BOARD OF DIRECTORS OF ASPEN VALLEY HOSPITAL FOUNDATION. THERE ARE ANNUAL REVIEWS PERFORMED BY THE CEO OF ASPEN VALLEY HOSPITAL AND ANY INCREASES ARE DETERMINED BASED ON THE PRESIDENT'S PERFORMANCE AND COMPLIANCE WITH CORPORATE VALUES. THE HOSPITAL'S BOARD OF DIRECTORS ANNUALLY APPROVES EXECUTIVE COMPENSATION AFTER USING AN INDEPENDENT COMPENSATION CONSULTANT. FORM 990, PART VI, SECTION B, LINE 15B THE TREASURER OF ASPEN VALLEY HOSPITAL FOUNDATION IS THE CHIEF FINANCIAL OFFICER OF ASPEN VALLEY HOSPITAL. HER PERFORMANCE IS REVIEWED ANNUALLY AND HER COMPENSATION IS DETERMINED BASED ON HER POSITION AS CHIEF FINANCIAL OFFICER OF ASPEN VALLEY HOSPITAL, NOT AS TREASURER OF ASPEN VALLEY HOSPITAL FOUNDATION. HER ANNUAL REVIEW IS DETERMINED BASED ON HER PERFORMANCE AS CHIEF FINANCIAL OFFICER OF ASPEN VALLEY HOSPITAL AND COMPLIANCE WITH CORPORATE VALUES. ASPEN VALLEY HOSPITAL'S BOARD OF DIRECTORS ANNUALLY APPROVES EXECUTIVE COMPENSATION AFTER USING AN INDEPENDENT COMPENSATION CONSULTANT. FORM 990, PART VI, SECTION C, LINE 19 NO GOVERNING DOCUMENTS OR INTERNAL POLICIES ARE MADE AVAILABLE TO THE PUBLIC. AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC THROUGH ASPEN VALLEY HOSPITAL'S WEBSITE. ASPEN VALLEY HOSPITAL DISTRICT 0401 CASTLE CREEK RD ASPEN CO 81611 840720309 HOSPITAL CO GOVERNMENT NA false false true false false true false false false false false true true false true true false false false false