2019-05-14T18:44:56-05:00 2018-06-30 GRANT THORNTON LLP 2001 MARKET STREET SUITE 700 PHILADELPHIA PA 19103 990 2017-07-01 237360743 JAMES L KERNAN HOSP ENDOWMENT FUND INC % ED WUENSCHELL JAME 4104482500 2200 Kernan Drive Baltimore MD 21207 DAVIS VR SHERMAN president/secretary 4103281376 2019-05-15 true Frank Giardini P00532355 2155614200 2019-05-15 209.220.136.124 23695320191345000048 2019-05-14 P 6C78E5C2C9CFDA217BB1DC8554CE16A03C3903FC 8368FFE12CE24C0281507B4769D0368EE4BA05B9 2017 2019-02-21 02:37:17Z Davis V R Sherman 2200 Kernan Drive Baltimore MD 21207 2245399 false X N/A X 1974 MD HOLDS, OVERSEES AND DISBURSES ENDOWMENT FUNDS FOR THE JAMES LAWRENCE KERNAN HOSPITAL (JLKH). 11 10 0 11 0 0 0 0 0 0 2903900 2245399 0 0 2903900 2245399 0 0 0 0 0 0 0 0 0 0 165549 0 165549 2903900 2079850 29724593 31804443 0 0 29724593 31804443 HOLDS, OVERSEES AND DISBURSES ENDOWMENT FUNDS FOR JLKH. false false 0 0 0 THE JAMES LAWRENCE KERNAN HOSPITAL ENDOWMENT FUND (JLKEF) PROVIDES FUNDING TO JLKH TO SUPPORT PROGRAMS THAT IMPROVE THE QUALITY OF HEALTH OF THE PEOPLE IN THE BALTIMORE COMMUNITY. JLKEF STRIVES TO BE AN AREA LEADER IN MEETING BOTH THE PRESENT AND FUTURE HEALTH CARE NEEDS OF THE COMMUNITY THROUGH FINANCIAL AND OTHER MEANS OF SUPPORT. THE ENDOWMENT FUND COORDINATES THE RECEIPT AND MANAGEMENT OF ASSETS, INCLUDING THE MANAGEMENT AND DISTRIBUTION OF FUNDS. 0 true false false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false true false false false false false true false false false true 0 0 0 false true false false false false false false false false false X 11 10 false false false false false true false true true false false true true true true false false false false false X ED WUENSCHELL 4434625811 900 ELKRIDGE LANDING ROAD - 3 EAST Linthicum MD 21090 DAVIS V R SHERMAN BOARD CHAIRMAN 1.0 0.0 X X 0 0 0 OLIVER S TRAVERS Jr VICE PRESIDENT 1.0 0.0 X X 0 0 0 WILLIAM F PECK TREASURER 1.0 0.0 X X 0 0 0 JOHN T CHAY DIRECTOR 1.0 0.0 X 0 0 0 HENRY A GRANDIZIO CPA DIRECTOR 1.0 0.0 X 0 0 0 JEFFREY K GONYA ESQ DIRECTOR 1.0 0.0 X 0 0 0 HARRIS KAPLAN DIRECTOR 1.0 0.0 X 0 0 0 SARA K MORGAN DIRECTOR 1.0 0.0 X 0 0 0 WILLIAM M PASSANO Jr DIRECTOR 1.0 0.0 X 0 0 0 MICHAEL T WILMOT DIRECTOR 1.0 0.0 X 0 0 0 Robert A Chrencik UMMS Representative 1.0 1.0 X 0 0 0 0 0 0 0 false false false Brown Advisory 901 South Bond Street 400 BALTIMORE MD 21231 investment advisory 165549 1 0 0 2245399 2245399 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2245399 2245399 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 165549 165549 0 0 0 0 0 0 0 0 0 0 0 0 0 165549 0 165549 0 0 0 1087000 910906 0 0 783526 783526 0 0 0 0 0 0 0 0 0 0 0 0 27854067 30110011 0 0 0 0 0 0 0 0 29724593 31804443 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 28763950 30843800 960643 960643 0 0 29724593 31804443 29724593 31804443 2079850 X false false X X X 1 THE JAMES LAWRENCE KERNAN HOSPITAL INC 520591639 3 true 0 0 1 true false false false false false false false false false false false false false false false SUPPORTING ORGANIZATIONS SCHEDULE A, PART IV, SEC. C, LINE 1 JLKEF SUPPORTS JLKH THROUGH FUNDING FOR ITS HEALTHCARE PROGRAMS. THE Four MEMBERS OF THE BOARD OF DIRECTORS OF JLKEF WHO ALSO SERVE IN A SIMILAR CAPACITY FOR JLKH HAVE THE BEST INTERESTS OF JLKH IN MIND. THESE INDIVIDUALS SERVE JLKEF WITH THE INTENT OF PROVIDING SUFFICIENT FINANCIAL SUPPORT TO JLKH TO FUND THE PROGRAMS WHICH THE BOARD OF DIRECTORS FEEL BEST SATISFY JLKH'S OPERATIONAL GOALS. 960643 960643 960643 960643 960643 960643 960643 960643 960643 960643 1.00000 false false INTENDED USES OF ENDOWMENT FUNDS SCHEDULE D, PART V, LINE 4 JLKEF'S ENDOWMENT FUNDS ARE INTENDED TO SUPPORT JLKH. THE EARNINGS OF JLKEF ARE TRANSFERRED FOR THE UNRESTRICTED USE BY JLKH, AS PROVIDED IN THE ORGANIZING DOCUMENTS OF JLKEF. Brown Advisory See Part V 165549 See Part V false SCHEDULE L, PART IV, LINE 1 WILLIAM F. PECK William F. Peck is a Director of the filing organization and was a Principal at Brown Advisory until 8/17/2018. Brown Advisory provides services to the filing organization at or below fair market value. MEMBERS OR STOCKHOLDERS WHO MAY ELECT FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF TRUSTEES ELECTS ALL NEW MEMBERS OF THE BOARD. FORM 990 REVIEW PROCESS FORM 990, PART VI, SECTION B, LINE 11B THE UNIVERSITY OF MARYLAND MEDICAL SYSTEM ("UMMS") ENGAGES THE ACCOUNTING FIRM GRANT THORNTON TO PREPARE AND REVIEW THE IRS FORM 990 FOR UMMS AND ITS AFFILIATES. INFORMATION NEEDED TO COMPLETE THE RETURN IS GATHERED BY ACCOUNTING PERSONNEL IN THE FINANCE SHARED SERVICES DEPARTMENT UNDER THE SUPERVISION OF THE UMMS TAX DIRECTOR AND PROVIDED TO GRANT THORNTON. ONCE A DRAFT RETURN IS PREPARED, IT UNDERGOES MULTIPLE LEVELS OF REVIEW BOTH INTERNALLY BY UMMS TAX & FINANCE PERSONNEL, AND EXTERNALLY BY GRANT THORNTON, INCLUDING AT THE PARTNER LEVEL. FOLLOWING ANY NECESSARY CHANGES TO THE RETURN, A FINAL DRAFT IS REVIEWED BY EACH AFFILIATES VICE PRESIDENT OF FINANCE AND/OR CFO. PRIOR TO FILING THE IRS FORM 990, THE ORGANIZATION'S BOARD CHAIRMAN, TREASURER, AUDIT COMMITTEE CHAIRMAN, EXECUTIVE COMMITTEE CHAIRMAN OR OTHER MEMBER OF THE BOARD WITH SIMILAR AUTHORITY WILL REVIEW THE IRS FORM 990. ALL BOARD MEMBERS ARE PROVIDED WITH A COPY OF THE FINAL IRS FORM 990 BEFORE FILING. CONFLICT OF INTEREST POLICY MONITORING & ENFORCEMENT FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S OFFICERS, DIRECTORS, AND MEDICAL STAFF MEMBERS, AS APPLICABLE, SHALL DISCLOSE CONFLICTS OF INTEREST OR POTENTIAL CONFLICTS OF INTEREST BETWEEN THEIR PERSONAL INTERESTS AND THE INTERESTS OF THE ORGANIZATION, OR ANY ENTITY CONTROLLED BY OR OWNED IN SUBSTANTIAL PART BY THE ORGANIZATION. A QUESTIONNAIRE WHICH DISCLOSES POTENTIAL CONFLICTS OF INTEREST IS DISTRIBUTED ANNUALLY TO ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES. THE GENERAL COUNSEL OF UMMS REVIEWS THE RESPONSES FOR UMMS AND CERTAIN OTHER AFFILIATES. THE CEO OR CFO OF EACH OF THE OTHER ENTITIES IN THE UMMS SYSTEM REVIEWS THE RESPONSES FOR THOSE ENTITIES. THE GENERAL COUNSEL, IN CONSULTATION WITH THE AUDIT COMMITTEE, IF NECESSARY, WOULD DETERMINE IF A CONFLICT OF INTEREST EXISTED. WITH RESPECT TO THE OTHER ENTITIES IN THE UMMS SYSTEM, THE GENERAL COUNSEL MAY BE CALLED FOR CONSULT. IF SO, THE GENERAL COUNSEL MAY CONSULT THE AUDIT COMMITTEE, IF NECESSARY. WHENEVER A CONFLICT OR POTENTIAL CONFLICT OF INTEREST EXISTS, THE NATURE OF THE CONFLICT OR POTENTIAL CONFLICT OF INTEREST MUST BE DISCLOSED IN WRITING TO THE ORGANIZATION'S BOARD, BOARD COMMITTEE, AN OFFICER OF THE ORGANIZATION OR OTHER APPROPRIATE EXECUTIVE. SUCH INDIVIDUAL HAVING A POTENTIAL CONFLICT OF INTEREST SHALL PLAY NO ROLE ON BEHALF OF THE ORGANIZATION, OR ANY ORGANIZATION CONTROLLED OR SUBSTANTIALLY OWNED, IN ANY TRANSACTION IN WHICH A CONFLICT EXISTS. ALL INVITATIONS FOR BIDS, PROPOSALS OR SOLICITATIONS FOR OFFERS INCLUDE THE FOLLOWING PROVISION: ANY VENDOR, SUPPLIER OR CONTRACTOR MUST DISCLOSE ANY ACTUAL OR POTENTIAL TRANSACTION WITH ANY ORGANIZATION OFFICER, DIRECTOR, EMPLOYEE OR MEMBER OF THE MEDICAL STAFF, INCLUDING FAMILY MEMBERS WITHIN FIVE DAYS OF THE TRANSACTION. FAILURE TO COMPLY WITH THIS PROVISION IS A MATERIAL BREACH OF AGREEMENT. PROCESS FOR DETERMINING COMPENSATION FORM 990, PART VI, SECTION B, LINES 15A AND 15B THE ORGANIZATION DID NOT COMPENSATE ITS EXECUTIVES; BUT, RATHER, THE EXECUTIVES RECEIVED COMPENSATION FROM A RELATED ORGANIZATION. ACCORDINGLY, THE ORGANIZATION'S PARENT COMPANY DETERMINES THE EXECUTIVE COMPENSATION PAID TO ITS EXECUTIVES IN THE FOLLOWING MANNER PRESCRIBED IN THE IRS REGULATIONS: EXECUTIVE COMPENSATION PACKAGES ARE DETERMINED BY A COMMITTEE OF THE BOARD THAT IS COMPOSED ENTIRELY OF BOARD MEMBERS WHO HAVE NO CONFLICT OF INTEREST. THE COMMITTEE ACQUIRES CREDIBLE COMPARABILITY MARKET DATA CONCERNING THE COMPENSATION PACKAGES OF SIMILARLY SITUATED EXECUTIVES. THE COMMITTEE CAREFULLY REVIEWS THAT DATA, THE EXECUTIVE'S PERFORMANCE AND THE PROPOSED COMPENSATION PACKAGES DURING THE DECISION MAKING PROCESS. THE COMMITTEE MEMORIALIZES ITS DELIBERATIONS IN DETAILED MINUTES REVIEWED AND ADOPTED AT THE NEXT-FOLLOWING MEETING. THE COMMITTEE SEEKS AN OPINION OF COUNSEL THAT IT HAS MET THE REQUIREMENTS OF THE IRS INTERMEDIATE SANCTIONS REGULATIONS. THIS PROCESS IS USED TO DETERMINE THE COMPENSATION PACKAGES FOR ALL MANAGEMENT EMPLOYEES FROM THE VICE PRESIDENT LEVEL AND UP. HOW DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS ARE MADE PUBLICLY AVAILABLE THROUGH THE STATE OF MARYLAND VIA THE SECRETARY OF STATE'S OFFICE. THE CONFLICT OF INTEREST POLICY IS GENERALLY AVAILABLE ON THE ORGANIZATION'S OR AFFILIATE'S WEBSITE. THE ORGANIZATION'S FINANCIAL STATEMENTS ARE GENERALLY NOT MADE PUBLICLY AVAILABLE; HOWEVER, THE SUPPORTED ORGANIZATION'S FINANCIAL STATEMENTS ARE AVAILABLE ON A QUARTERLY BASIS THROUGH FILINGS ON THE ELECTRONIC MUNICIPAL MARKET ACCESS ("EMMA") SYSTEM. James Lawrence Kernan Hospital Inc 2200 Kernan Drive Baltimore MD 21207 520591639 healthcare MD 501(c)(3) 03 UMMSC false false false false false false false false false false false false false false false false false false false false