2018-04-09T09:07:18-05:00 2017-05-31 390758449 Wipfli LLP PO Box 12237 Green Bay WI 543072237 990 2016-06-01 810365625 Montana Children's Foundation MONT 4064447500 POBox 5539 Helena MT 59604 Craig Aasved Chief Executive Officer 4064447500 2018-03-23 1 Terri Rexrode CPA MST P00096513 9206620016 2018-03-07 74.87.127.216 2018-03-23 16:02:01 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 A43ECD1EE6AF4781A69F6BFA161A98BDE8FA2C07 2016 2021-01-29 14:40:06Z Craig Aasved POBox 5539 Helena MT 59604 8829946 0 X www.shodair.org/donate-to-shodair/ X 1977 MT TO PROMOTE AND FURTHER OPERATIONS OF THE MONTANA CHILDREN'S HOME AND HOSPITAL. 14 14 0 25 0 0 798972 1490638 0 0 504428 1240859 68005 37470 1371405 2768967 811344 1074648 0 0 0 0 0 30000 128955 289985 198541 1101329 1303189 270076 1465778 17057313 17744735 942500 131591 16114813 17613144 TO LEND FINANCIAL SUPPORT TO MONTANA CHILDREN'S HOME AND HOSPITAL (DBA SHODAIR HOSPITAL). 0 0 612427 612427 0 Contributed over $612,000 to Shodair Childrens's Hospital for the costs incurred by the hospital to staff and operate the Foundation as well as the Shodair Family House.Raised $571,000 from the Children's Miracle Network partners, an increase of nearly $43,000 from last year. 462221 462221 0 Contributed over $462,000 to Shodair Children's Hospital for needed equipment and furnishings. 1074648 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 0 1 1 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 7 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X Craig Aasved 4064447500 2755 COLONIAL DR Helena MT 59601 Rich Bruner Trustee 0.50 1.00 X 0 0 0 RITA GOWEN Trustee 0.50 1.00 X 0 0 0 Dr BILL HASQUET TRUSTEE 0.50 1.00 X 0 0 0 GALEN HOLLENBAUGH TRUSTEE 0.50 1.00 X 0 0 0 Robert LEMM TRUSTEE 0.50 1.00 X 0 0 0 David Lemm Trustee 0.50 1.00 X 0 0 0 Dr JOEL MAES TRUSTEE 0.50 1.00 X 0 0 0 Beth O'Halloran TrUSTEE 0.50 1.00 X 0 0 0 Father DAN SHEA TRUSTEE 0.50 1.00 X 0 0 0 JOE SHEVLIN TRUSTEE 0.50 1.00 X 0 0 0 EDWARD SURBRUGG TRUSTEE 0.50 1.00 X 0 0 0 ED TINSLEY TRUSTEE 0.50 1.00 X 0 0 0 JANET HEDGES President 0.50 1.00 X X 0 0 0 MOE WOSEPKA Secretary/Treasurer 0.50 1.00 X X 0 0 0 Craig Aasved Chief Executive Officer 10.00 40.00 X 0 272043 27190 0 272043 27190 0 0 1 0 0 1490638 1490638 247730 247730 52754 52754 8804 0 8804 8804 8804 7025287 6032158 993129 993129 993129 4733 28821 -24088 -24088 2768967 0 0 1278329 1074648 1074648 1777 1777 9356 9356 30000 30000 51214 51214 15588 1207 14381 5140 4123 1017 1844 1844 15227 9176 6051 60 60 3050 3050 CMN DUES & MEMBERSHIP 92105 15671 76434 Supplies Expense 2108 2108 1072 1072 1303189 1074648 99586 128955 98456 59386 890890 850146 8105 10189 6210 3750 374203 36700 115296 337503 12305263 8699901 3633093 7783860 17057313 17744735 7150 7952 3920 200 931430 123439 942500 131591 X 12385344 13598780 2873010 3157205 856459 857159 16114813 17613144 17057313 17744735 X 1465778 -98944 131497 X X 0 1 X 1 0 X 699296 805190 1505980 798972 1490638 5300076 699296 805190 1505980 798972 1490638 5300076 891021 4409055 529568 1346552 605725 368244 309288 3159377 8459453 4733 0.52120 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5000 X 0 1600297 700 150665 0 1751662 1655191 2300 -53635 3559 1600297 1595463 2200 61134 3606 1655191 1437461 7450 153831 3279 1595463 1249597 2200 189304 3640 1437461 0.00000 0.48930 0.51070 0 0 336420 336420 37783 36700 1083 337503 ARTWORK 5000 Long-term receivable - Irrevocable Trusts 1272995 Long-term receivable - Split Interest Agreements 986595 Due from Montana Children's Home & Hospital, Inc. 5519270 7783860 Due to MONTANA CHILDREN'S HOME AND HOSPITAL 123439 123439 2830341 -98944 160318 61374 2768967 0 2768967 1332010 28821 28821 1303189 0 1303189 Part III, Line 4: The organization was gifted an original painting that has become a very popular work of art that represents the mission of Montana's Children's Hospital. The organizaiton will occasionally use prints of the painting at events. The painting is sometimes on display in the foundation or the hospital. Part V, Line 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF NUMEROUS INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD TO FUNCTION AS ENDOWMENTS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE FOUNDATION HAS INTERPRETED THE MONTANA UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT (MUPMIFA) AS REQUIRING THE PRESERVATION OF THE FAIR VALUE OF THE ORIGINAL GIFT AS OF THE GIFT DATE OF THE DONOR-RESTRICTED ENDOWMENT FUNDS ABSENT EXPLICIT DONOR STIPULATIONS TO THE CONTRARY. AS A RESULT OF THIS INTERPRETATION, THE FOUNDATION CLASSIFIES AS PERMANENTLY RESTRICTED NET ASSETS (A) THE ORIGINAL VALUE OF GIFTS DONATED TO THE PERMANENT ENDOWMENT, (B) THE ORIGINAL VALUE OF SUBSEQUENT GIFTS TO THE PERMANENT ENDOWMENT, AND (C) ANY ACCUMULATIONS TO THE PERMANENT ENDOWMENT MADE IN ACCORDANCE WITH THE DIRECTION OF THE APPLICABLE DONOR GIFT INSTRUMENT AT THE TIME THE ACCUMULATION IS ADDED TO THE FUND. THE REMAINING PORTION OF THE DONOR-RESTRICTED ENDOWMENT FUND THAT IS NOT CLASSIFIED IN PERMANENTLY RESTRICTED NET ASSETS IS CLASSIFIED AS TEMPORARILY RESTRICTED NET ASSETS AND IS APPROPRIATED FOR EXPENDITURE BY THE FOUNDATION IN A MANNER CONSISTENT WITH THE STANDARD OF PRUDENCE PRESCRIBED BY MUPMIFA. IN ACCORDANCE WITH MUPMIFA, THE FOUNDATION CONSIDERS THE FOLLOWING FACTORS IN MAKING A DETERMINATION TO APPROPRIATE OR ACCUMULATE DONOR-RESTRICTED ENDOWMENT FUNDS: 1. THE DURATION AND PRESERVATION OF THE FUND, 2. THE PURPOSE OF THE FOUNDATION AND THE DONOR-RESTRICTED ENDOWMENT FUND, 3. GENERAL ECONOMIC CONDITIONS 4. THE POSSIBLE EFFECT OF INFLATION AND DEFLATION, 5. THE EXPECTED TOTAL RETURN FROM INCOME AND THE APPRECIATION OF INVESTMENTS, 6. OTHER RESOURCES OF THE FOUNDATION, AND 7. THE INVESTMENT POLICIES OF THE FOUNDATION FROM TIME TO TIME, THE FAIR VALUE OF ASSETS ASSOCIATED WITH INDIVIDUAL DONOR-RESTRICTED ENDOWMENT FUNDS MAY FALL BELOW THE LEVEL THAT THE DONOR OR MUPMIFA REQUIRES THE FOUNDATION TO RETAIN AS A FUND OF PERPETUAL DURATION. THE FOUNDATION HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. ENDOWMENT ASSETS INCLUDE THOSE ASSETS OF DONOR-RESTRICTED FUNDS THAT THE FOUNDATION MUST HOLD IN PERPETUITY. UNDER THIS POLICY, AS APPROVED BY THE BOARD OF DIRECTORS, THE ENDOWMENT ASSETS ARE INVESTED IN A MANNER THAT IS INTENDED TO PRESERVE ENDOWMENT CAPITAL, AND TO PROVIDE A MINIMUM ANNUAL TARGET RATE OF RETURN OF AT LEAST INFLATION, PLUS THE FOUNDATION'S SPENDING POLICY, PLUS A REAL RATE OF RETURN NET OF FEES. THE FOUNDATION EXPECTS ITS ENDOWMENT FUNDS, OVER TIME, TO PROVIDE A REASONABLE CURRENT RATE OF RETURN. TO SATISFY ITS LONG-TERM RATE-OF-RETURN OBJECTIVES, THE FOUNDATION RELIES ON A TOTAL RETURN STRATEGY IN WHICH INVESTMENT RETURNS ARE ACHIEVED THROUGH BOTH CAPITAL APPRECIATION (REALIZED AND UNREALIZED GAINS) AND CURRENT YIELD (INTEREST AND DIVIDENDS). THE FOUNDATION TARGETS A DIVERSIFIED ASSET ALLOCATION INCLUDING CASH EQUIVALENTS, FIXED INCOME, AND EQUITY SECURITIES TO ACHIEVE ITS LONG-TERM RETURN OBJECTIVES WITHIN PRUDENT RISK CONSTRAINTS. Part XI, Line 2d - Other Adjustments: Direct Soccer Event Expenses 28,821. Change in Value of Long Term Trust Receivables 131,497. Part XII, Line 2d - Other Adjustments: Direct Soccer Event Expenses 28,821. 0 Ghiorsi & Sorrenti Inc 255 Madison Ave Wyckoff NY 07481 Capital Campaign Consulting 0 0 30000 0 30000 MT NJ Schedule G, Part I, Line 2b, Column (v) The consultant is a full service philanthropic consulting firm that specializes in planning and conducting comprehensive campaigns and major gifts efforts. 1 MONTANA CHILDREN'S HOME & HOSPITAL PO BOX 5539 HELENA MT 59604 810231789 501(C)(3) 1074648 GRANT FOR OPERATIONS AND CAPITAL 1 0 Part I, Line 2: Montana Children's Foundation (MCF) makes grants to Montana Children's Home and Hospital (MCHH) based on requests from MCHH. MCF and MCHH are related parties that communicate on a consistent basis to understand the needs of each organization and use of funds transfered. MCF approves and confirms that funds are used for the requested purpose. 0 0 0 0 0 0 0 0 0 Craig Aasved Chief Executive Officer 0 256706 0 51 0 15286 0 0 0 27190 0 299233 0 0 Form 990, Part VI, Section A, line 2 BOB LEMM IS THE FATHER OF DAVID LEMM, BOTH ARE BOARD MEMBERS. Form 990, Part VI, Section B, line 11b A DRAFT OF THE FORM 990 IS PROVIDED TO THE BOARD OF TRUSTEES AND APPROVED BEFORE THE FORM 990 IS FILED. Form 990, Part VI, Section B, line 12c A person shall be deemed to have an "interest" in a transaction if he or she is the party, one of the parties, or directly related to a party dealing with the corporation, or if he or she has direct or indirect interest in the transaction. Any trustee, officer, medical staff member or other employee or agent of the corporation having a direct or indirect interest in a transaction presented to the board for authorization, approval or ratification shall make a prompt, full and frank disclosure of his or her interest to the board prior to action on such transaction. That person shall not vote on, or use his or her personal influence on, nor participate in the discussion or deliberations with respect to such transaction. The minutes of the meetings shall reflect the disclosure made the vote thereon, the abstention from voting and participation, and whether a quorum was present. Any transaction which involves a trustee conflict of interest may not be authorized, approved or ratified by a single trustee. Form 990, Part VI, Section B, line 15 Not applicable, organization does not pay compensation. Form 990, Part VI, Section C, line 19 GOVERNING DOCUMENTS ARE ON FILE WITH THE STATE OF MONTANA AND AVAILABLE TO THE PUBLIC IF REQUESTED FROM THE STATE. CONFLICT OF INTEREST AND FINANCIAL STATEMENTS ARE NOT MADE READILY AVAILABLE TO THE GENERAL PUBLIC BUT ARE DISTRIBUTED TO THE BOARD OF TRUSTEES WHO ARE A REPRESENTATION OF THE PUBLIC. INTERNAL AND AUDITED FINANCIAL STATEMENTS ARE NOT AVAILABLE TO THE PUBLIC, HOWEVER RELEVANT FINANCIAL INFORMATION IS AVAILABLE ON THE FORM 990 WHICH IS AVAILABLE. Form 990, Part XI, line 9: Change in Value of Long Term Trust Receivables 131,497. Form 990, Part XII, Line 2c: The process of the selection of an independent accountant and the oversight of the audit has not changed since the prior year. MONTANA CHILDREN'S HOME AND HOSPITAL PO BOX 5539 HELENA MT 59604 810231789 PROVIDE INPATIENT AND RESIDENTIAL PSYCHIATRIC TREATMENT FOR CHILDREN MT 501(c)(3) 170(b)(1)(A) N/A 0 0 1 0 1 1 0 0 0 0 0 0 1 1 1 1 0 0 0 0