2017-11-10T09:25:43-06:00 2016-12-31 ERNST & YOUNG US LLP 950 MAIN AVENUE SUITE 1800 CLEVELAND OH 44113 990 2016-01-01 237114013 Akron Children's Hospital Foundation % ALICIA LAMANCUSA VP FINANCE AKRO 3305438171 ONE PERKINS SQUARE AKRON OH 44308 MICHAEL P TRAINER Chief Finan Officer 3305434251 2017-11-07 TERENCE M KENNEDY P00089502 2168615000 209.57.32.30 34237520173145000000 2017-11-10 P 199F75F28F3B101C21322D7565D75745B68E815A 199F75F28F3B101C21322D7565D75745B68E815A 2016 2017-02-10 21:41:12Z MICHAEL P TRAINER ONE PERKINS SQUARE AKRON OH 44308 66165177 false X AkronChildrens.org/cms/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 funds from donors. 34 29 0 0 0 0 13099331 11298525 0 0 3604149 5852104 -377238 -338227 16326242 16812402 29580083 10627078 0 0 1780330 2106355 0 0 0 1291165 1028540 32651578 13761973 -16325336 3050429 117934300 118568763 8419187 4100541 109515113 114468222 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 FUNDS FROM DONORS TO FURTHER THE MISSION OF CHMCA. false false 10627078 10627078 0 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 2013, CHMCA launched a $200 million expansion project of it's Akron hospital campus to meet the current and future needs of children and their families. This expansion project included the building of a new neonatal intensive care unit, a new emergency department, dedicated outpatient surgical suites and dedicated space for several of the hospital's pediatric subspecialty programs. The expansion project was a result of significant growth in the hospital's patient volumes and services. Philanthropy played a key role in the success of the campus expansion. The Kay Jeweler's Pavilion ("KJP")was opened in May 2015 and approximately $30,000,000 was raised by the Foundation to offset the costs of construction. During 2016, another $7,372,751 Foundation funds were used by CHMCA to support its mission. Of that amount, $2,535,000 was provided by the Foundation for CHMCA's program operating expenses at the Akron and Mahoning Valley locations that would not have otherwise been available through the annual budget. Additional support also went for the following programs: $670,000 Hematology/Oncology, $485,000 Global Health, $400,000 Palliative Care, $450,549 Akron Marathon expenses, $263,000 Research and Education, $198,000 Reach Out and Read Program, $180,000 Regional Burn Center, $193,000 Safe Kids and Injury Prevention, and $155,000 Kohl's Youth Fitness which supports CHMCA's fitness program for the youth in the surrounding communities. The remaining amount was used for patient care and support programs including Neonatal, Pediatrics, Child Advocacy, and other programs. Since the Foundation's creation, it has provided the sources to purchase specialized lifesaving medical equipment which might not have otherwise been possible within CHMCA's budget limitations. The Foundation has financed medical research into the cause, prevention and treatment of complex childhood diseases and problems, and has provided community safety programs in professional education, patient information and youth development. The net effect of these efforts has been to keep CHMCA at the forefront of healthcare, while minimizing the cost of such care to patients and their families. 10627078 true true false false false false false false false true true false false true true false false true false false true 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 true CJ false false false true true false false false false X 34 29 false false false false true true false true true false false false true true true true false false false false OH X ALICIA LAMANCUSA VP FINANCE 3305438171 ONE PERKINS SQUARE AKRON OH 44308 William H Considine President/CEO 8.0 49.0 X X 0 2309444 83850 Michael P Trainer Treasurer/CFO 8.0 43.0 X X 0 661607 26867 Kerwyn Jones MD Director 1.0 41.0 X 0 654954 95543 Jeffrey Hord MD Director 1.0 40.0 X 0 351971 112668 Frank Bevilacqua Secretary 2.0 1.0 X X 0 0 0 Thomas Crowley Director 1.0 1.0 X 0 0 0 Linda Churchman Director 1.0 0.0 X 0 0 0 Kyle Cheney Director 1.0 0.0 X 0 0 0 Paul Dutton Vice Chairman 2.0 0.0 X X 0 0 0 Charles Freeman Director 1.0 0.0 X 0 0 0 Valerie Geiger Director 1.0 0.0 X 0 0 0 Gayle Gorman-Green Director 1.0 0.0 X 0 0 0 Patricia Grant Director 1.0 17.0 X 0 0 0 Raymond Hexamer Director 1.0 0.0 X 0 0 0 Patrick James Director 1.0 0.0 X 0 0 0 Douglas Kovatch Director 1.0 0.0 X 0 0 0 Kara Lewis Director 1.0 1.0 X 0 0 0 Carter Lewis Director 1.0 0.0 X 0 0 0 Philip Maynard Director 1.0 8.0 X 0 0 0 Gregory McDermott Chairman 12.0 11.0 X X 0 0 0 Eveline Nordhauss Director 1.0 0.0 X 0 0 0 Ernest Pouttu Director 1.0 0.0 X 0 0 0 William Schumacher Director 1.0 0.0 X 0 0 0 Walton Silver Director 1.0 0.0 X 0 0 0 James Sisek ESQ Director 1.0 0.0 X 0 0 0 Kevin Tichnell Director 1.0 0.0 X 0 0 0 Robert Trabucco Director 1.0 19.0 X 0 0 0 Linda Venner Director 1.0 0.0 X 0 0 0 Dennis Weiland Director 1.0 0.0 X 0 0 0 David Bouffard Director 1.0 0.0 X 0 0 0 John LaGuardia Director/Executive Dir FND 40.0 0.0 X 199611 0 24547 Jeffrey Rovnak Director 1.0 0.0 X 0 0 0 Charles Schmutz Director 1.0 0.0 X 0 0 0 Paul Catania Director 1.0 0.0 X 0 0 0 John Zoilo Former Officer (term 12/2015) 0.0 0.0 X 362045 0 92562 561656 3977976 436037 2 true true false 0 803948 703482 9791095 11298525 0 1523785 1523785 0 0 0 0 0 53342867 49014548 4328319 4328319 4328319 0 803948 338227 -338227 -338227 0 0 0 0 0 0 0 16812402 5513877 10627078 10627078 0 0 0 224158 224158 454607 454607 990238 990238 101633 101633 244082 244082 91637 91637 0 6000 6000 0 0 0 254882 254882 6857 6857 57804 57804 202268 202268 0 0 56492 56492 72417 72417 0 0 0 0 31756 31756 0 EQUIP REPAIR & MAINTENANCE 1462 1462 DONOR CULTIVATION 338602 338602 13761973 10627078 254882 0 0 0 0 0 12926209 13129881 0 0 0 0 0 0 0 0 0 0 138000 125000 564605 440976 150275 123629 96352781 96910990 0 0 0 0 0 0 8367035 8279263 117934300 118568763 115305 101100 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8303882 3999441 8419187 4100541 X 43447484 47517221 51888816 52375729 14178813 14575272 109515113 114468222 117934300 118568763 X 3050429 1990451 -87771 X false true X true false X 10764433 17220384 20217813 13099331 11298525 72600486 0 0 10764433 17220384 20217813 13099331 11298525 72600486 8964697 63635789 1676457 1564724 1991000 1445753 1523785 8201719 0 0 80802205 0.78755 0.72659 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 69532080 6355857 1475972 7343305 70020604 84300290 8433656 -2702700 20499166 69532080 71912635 15982748 215179 3810272 84300290 55185519 12047723 8291351 3611958 71912635 48292758 7590996 3474164 4172399 55185519 0.04000 0.21000 0.75000 true false 0 0 0 564605 440976 123629 123629 BENEFICIAL INTEREST IN TRUSTS 8279263 8279263 0 INTRAFUND PAYABLE 1080574 RONALD MCDONALD HOUSE LIABILITY 2918867 3999441 Part V, Line 4 - Intended Use for Endowment Funds Temporarily restricted funds are subject to purpose 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 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. Part X, Line 2 - FIN 48 Akron Children's Hospital Foundation is a subsidiary in the consolidated financial statements of Children's Hospital Medical Center of Akron ("CHMCA"). CHMCA adopted FIN 48 (ASC 740) in 2007. No disclosures were required under GAAP as CHMCA did not have any material tax consequences that required a liability to be disclosed in the financial statements. Central America and the Caribbean Investments 1112615 1112615 1112615 false false true false false false Akron Radiothon 559299 559299 292067 MV Radiothon 244649 244649 46160 0 803948 803948 338227 338227 -338227 true CHILDREN'S HOSPITAL MEDICAL CENTER OF AKRON ONE PERKINS SQUARE AKRON OH 44308 340714357 501(c)(3) 7372751 PATIENT CARE NEEDS CHILDREN'S HOSPITAL MEDICAL CENTER OF AKRON ONE PERKINS SQUARE AKRON OH 44308 340714357 501(c)(3) 3254327 CHMCA BLDG EXPANSION 1 Part I, Line 2 Akron Children's Hospital Foundation provides support for the needs of 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 their mission. Processes, such as proper expense and capital approval 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 the donor wishes. X X true true true true false false false false false false false William H Considine President/CEO 1464132 400000 445312 67247 16603 2393294 0 Michael P Trainer Treasurer/CFO 494702 160809 6096 18550 8317 688474 0 John Zoilo Former Officer (term 12/2015) 0 97677 264368 85869 6693 454607 0 Kerwyn Jones MD Director 613916 37378 3660 74557 20986 750497 0 Jeffrey Hord MD Director 324219 25000 2752 90892 21776 464639 0 John LaGuardia Director/Executive Dir FND 196774 0 2837 10462 14085 224158 0 Part I, Line 1a - Fringe or Expense Explanation John LaGuardia, Executive Director of the Akron Children's Hospital Foundation, has a country club membership that is used for business purposes with current and prospective donors. Part I, Line 4a John Zoilo, former officer, received a severance payment of $196,997 during 2016. 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. The non-qualified deferred payment to William Considine in 2016 was $324,000. Part III - Other Additional Information Akron Children's Hospital Foundation relied on the related organization, CHMCA, to establish the top management official's compensation. 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 and Chairman of the Board of Directors 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 appropriate management. He/she will review the situation with the Vice President of Corporate Services who will present it to the President of his designee. It is the responsibility of the President or his 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 advantange 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: - Ensure executive total compensation is appropriate in light of the CHMCA's mission and values, and - 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. The Committee reviews appropriate sections of CHMCA's IRS Form 990 before it is filed to ensure accuracy and completeness. Part VI, Line 15b - Compensation Process for Officers An independent salary survey was completed in 2016 and was provided and presented by the independent consultant to the Committee for approval. 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 Decreased Value in Beneficial Interest in Trusts ($87,771) 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