2017-05-15T16:18:13-05:00 2016-06-30 KPMG LLP 3975 Freedom Circle Dr Suite 100 Santa Clara CA 95054 990 2015-07-01 953545901 RADY CHILDREN'S HOSPITAL AND HEALTH CENTER % NISHANTHA RATNAYAKE RADY 8585761700 3020 CHILDRENS WAY MC 5001 SAN DIEGO CA 921234282 KATHLEEN CAIN CFO 2017-05-08 true Valerie Ball P00178114 4083675764 2017-05-08 2015 2021-01-29 14:40:06Z Donald B Kearns MD MMM 3020 CHILDRENS WAY MC 5001 SAN DIEGO CA 921234282 19944493 false X WWW.RCHSD.ORG X 1980 CA THE ORGANIZATION MAINTAINS, OPERATES, AND RAISES FUNDS FOR, AND OTHERWISE SUPPORTS RADY CHILDREN'S HOSPITAL - SAN DIEGO. 25 25 0 13398 11341925 1690557 0 0 2187429 2593221 -359270 -129047 13170084 4154731 97575 2060585 0 0 0 0 0 0 0 69273 57447 166848 2118032 13003236 2036699 59613623 56614139 1540321 1047133 58073302 55567006 X SEE SCHEDULE O false false 2060585 2060585 0 THE ORGANIZATION MAINTAINS, OPERATES, AND RAISES FUNDS FOR, AND OTHERWISE SUPPORTS RADY CHILDREN'S HOSPITAL - SAN DIEGO. 2060585 true true false false false false false false false true false true false false true true false true false false true false false false false false false true false true false false false false false false false false false false false false false true true true false false true 0 0 0 true true true BD false false false false false false false false X 25 25 false false false false false false false true true false false true true true true true true false false false CA X NISHANTHA RATNAYAKE 8585761700 3020 CHILDRENS WAY MC 5001 SAN DIEGO CA 921234282 THEODORE D ROTH CHAIR 4.0 4.0 X X 0 0 0 MICHAEL P PECKHAM VICE CHAIR 4.0 4.0 X X 0 0 0 LISA A BARKETT BOARD MEMBER 2.0 2.0 X 0 0 0 MARTIN BROTMAN MD BOARD MEMBER 2.0 2.0 X 0 0 0 ANDREW S CLARK BOARD MEMBER 2.0 2.0 X 0 0 0 MICHAEL J FARRELL BOARD MEMBER 2.0 2.0 X 0 0 0 JOHN M GILCHRIST JR BOARD MEMBER 2.0 2.0 X 0 0 0 DAVID F HALE BOARD MEMBER 2.0 2.0 X 0 0 0 PAUL J HERING BOARD MEMBER 2.0 2.0 X 0 0 0 S DOUGLAS HUTCHESON BOARD MEMBER 2.0 2.0 X 0 0 0 JEFFREY A JACOBS BOARD MEMBER 2.0 2.0 X 0 0 0 CATHERINE J MACKEY PHD BOARD MEMBER 2.0 2.0 X 0 0 0 G DIEGO MIRALLES MD BOARD MEMBER 2.0 2.0 X 0 0 0 HENRY L NORDHOFF BOARD MEMBER 2.0 2.0 X 0 0 0 TINA S NOVA PHD BOARD MEMBER 2.0 2.0 X 0 0 0 HARRY M RADY BOARD MEMBER 2.0 2.0 X 0 0 0 MARK A SNELL BOARD MEMBER 2.0 2.0 X 0 0 0 SCOTT N WOLFE ESQ BOARD MEMBER 2.0 2.0 X 0 0 0 MARIA ASSARAF BOARD MEMBER 2.0 2.0 X 0 0 0 DAVID A BRENNER MD BOARD MEMBER 2.0 2.0 X 0 0 0 DANIELA S CARVALHO MD BOARD MEMBER 2.0 2.0 X 0 0 0 PRADEEP KHOSLA PHD BOARD MEMBER 2.0 2.0 X 0 0 0 JOHN D STOBO MD BOARD MEMBER 2.0 2.0 X 0 0 0 ANDREW ZIMMERMAN MD BOARD MEMBER 2.0 2.0 X 0 0 0 GAIL R KNIGHT MD BOARD MEMBER 2.0 2.0 X 0 0 0 MARGARETA E NORTON EXEC. VP, CAO, SECRETARY 17.5 32.5 X 0 855385 177633 KATHLEEN M CAIN SVP, CFO, TREASURER 17.5 32.5 X 0 0 9639 DONALD B KEARNSMDMMM PRESIDENT & CEO 15.0 35.0 X 0 1190430 69427 NICHOLAS HOLMES MD SR. VP, COO 15.0 35.0 X 0 529557 41530 BELINDA SANTOS-RAMIREZ BOARD Admin & Asst. Secretary 25.0 25.0 X 0 111361 48172 ROGER ROUX FORMER SVP, CFO, TREASURER 0.0 0.0 X 0 818750 21712 KATHLEEN DOOLEY SELLICK FORMER PRESIDENT & CEO 0.0 0.0 X 0 733500 41043 0 4238983 409156 0 true true false NONE 0 1690557 1690557 0 826589 142445 684144 0 0 0 0 0 17556394 15789762 1766632 1766632 1766632 0 0 0 INCOME/LOSS FROM INVESTMENT PARTNERSHIPS 523000 -129047 -129047 -129047 4154731 13398 2450776 2060585 2060585 0 0 0 0 0 0 0 0 0 0 0 0 0 0 57222 57222 0 0 0 0 0 0 0 0 0 0 0 0 0 OTHER EXPENSES 225 225 2118032 2060585 57447 0 151 150 0 0 2401718 2311844 422 422 0 0 0 0 0 0 0 0 0 0 0 46350767 46591327 8608082 6931606 0 0 0 0 2252483 778790 59613623 56614139 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1540321 1047133 1540321 1047133 X 56495639 54097380 1103784 995747 473879 473879 58073302 55567006 59613623 56614139 X 2036699 -2733474 -1809521 X false true X true false X X 1 RADY CHILDREN'S HOSPITAL SAN DIEGO 951691313 3 false 2060585 57447 1 2060585 57447 false false false false false true false false false false false false false false false true Part IV, Section A, Question 1 Rady Children's Hospital and Health Center (RCHHC) is the sole member of Rady Children's Hospital San Diego (RCHSD). This organization, along with the other exempt organizations listed on Schedule R, Part II, are part of the Rady Children's Hospital and Health Center Health System. RCHHC and RCHSD have the same president & CEO, the same CFO, and the majority of the directors are the same for both organizations. Part IV, Section A, Question 6 RCHHC also provides support to the other exempt organizations listed on Schedule R Part II. These organizations are part of the Rady Children's Hospital and Health Center Health System. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 77890677 19892990 -1413872 2851124 77031 93441640 76459422 3208716 1216883 2924611 69733 77890677 66856590 3840383 8518179 2621634 134096 76459422 48036828 15277050 5535660 0 1920393 72555 66856590 49723608 296255 -222291 0 1667699 93045 48036828 0.65240 0.32070 0.02690 true true true PATRIA - BRAZILIAN PRIVATEIV 89735 F AMERICAN INDUSTRIAL PARTNERSV 222891 F AMERICAN SECURITIES PARTNERSV 268766 F AMERICAN SECURITIES PARTNERSVI 293318 F IRVING PLACE CAPITAL PARTNERS 684 F TRG GROWTH PARTNERSHIP 166547 F GS CAPITAL PARTNERS VI PARALLE 164032 F GOLDMAN SACHS VINTAGE FUND IV 153373 F MILLENIUM TECH VALUE PTRS II 96196 F OAKTREE EUROPEAN PRIN FND III 216959 F STEPSTONE SECONDARY OPPORT. II 196005 F STEPSTONE SECONDARY OPPORT. 328485 F YORKTOWN ENERGY PARTNERS IX,LP 106375 F EQUITY INVESTMENT IN RCPMS 7441451 C EQUITY INVESTMENT IN CHIRPL -3902122 C WHITE DEER ENERGY II 113016 F ACTIS ENERGY 3 112852 F US FARMING REALTY TRUST II, LP 287888 F CVC CREDIT PTRS GLBL SPC SIT 92449 F ENCAP ENERGY 41355 F VISTA EQUITY PARTNERS FUND V 206814 F FORTISSIMO CF IV 24900 F AMERICAN SECURITIES PARTNERVII -1837 F NY LIFE INSURANCE - RL 2145 F PATRIA - BRAZILIAN PRIVATE V 4657 F TPG PARTNERS VII 93200 F AMERICAN INDUSTRIAL PARTNERSVI 3966 F RIVERSTONE GLOBAL FUND VI -10067 F ISQ GLOBAL FUND 117573 F 6931606 0 PAYABLE TO BENEFICIARIES 1047133 1047133 X Schedule D, Part V, Line 4 Rady Children's Board designated endowment funds support the highest and most urgent needs of the Organization as determined by the Board of Trustees. In addition, donor designated (or restricted) endowment funds support a wide range of initiatives identified by donors. SCHEDULE D, PART X, LINE 2 RCHHC RECOGNIZES AND MEASURES THE TAX BENEFIT FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED, BASED SOLELY ON ITS TECHNICAL MERITS, WITH THE TAXING AUTHORITY HAVING FULL KNOWLEDGE OF ALL RELEVANT INFORMATION. RCHHC RECORDS LIABILITIES FOR UNRECOGNIZED TAX BENEFITS FROM UNCERTAIN TAX POSITIONS AS DISCRETE TAX ADJUSTMENTS IN THE FIRST PERIOD THAT THE MORE LIKELY THAN NOT THRESHOLD IS NOT MET. RCHHC HAS NOT TAKEN ANY SIGNIFICANT UNCERTAIN TAX POSITIONS THEREFORE NO LIABILITY (OR ASSET) HAS BEEN RECOGNIZED AS OF JUNE 30, 2016. Central America and the Caribbean Program Services Offshore captive mgt 2982316 Central America and the Caribbean Investments 16300208 Europe (Including Iceland and Greenland) Investments 2173654 21456178 21456178 true false true true true false PART I, LINE 3(f), COLUMN F THE AMOUNTS LISTED ARE REPORTED ON AN ACCRUAL METHOD OF ACCOUNTING. true RADY CHILDREN'S HOSPITAL RESEARCH CENTER 3020 CHILDRENS WAY SAN DIEGO CA 921234282 953814185 501(c)(3) 2060585 SUPPORT RCHRC 1 0 PROCEDURE FOR MONITORING THE USE OF GRANT FUNDS RCHHC RECEIVES FUNDS TO SUPPORT RCHSD TO FURTHER ITS EXEMPT PURPOSE. RCHHC TRANSFERS FUNDS TO THE HOSPITAL OR OTHER RELATED EXEMPT ORGANIZATIONS AS REQUIRED BY RCHSD AS FUNDS ARE RECEIVED. true true false false false false false false false MARGARETA E NORTON EXEC. VP, CAO, SECRETARY 572030 180500 102855 0 170779 0 6854 0 1033018 0 88376 DONALD B KEARNSMDMMM PRESIDENT & CEO 821338 336700 32392 0 52722 0 16705 0 1259857 0 15279 NICHOLAS HOLMES MD SR. VP, COO 0 435865 0 78000 0 15692 0 15699 0 25831 0 571087 0 0 ROGER ROUX FORMER SVP, CFO, TREASURER 439697 118900 260153 0 21712 0 0 0 840462 0 208701 BELINDA SANTOS-RAMIREZ BOARD Admin & Asst. Secretary 103194 8167 0 0 28846 0 19326 0 159533 0 0 KATHLEEN DOOLEY SELLICK FORMER PRESIDENT & CEO 733500 0 41043 0 0 0 774543 0 0 SCHEDULE J, PART I, LINE 3 RADY CHILDREN'S HOSPITAL AND HEALTH CENTER RELIED ON A RELATED ORGANIZATION, RADY CHILDREN'S HOSPITAL - SAN DIEGO, THAT USED ONE OR MORE OF THE METHODS DESCRIBED IN SCHEDULE J, PART I, LINE 3, TO ESTABLISH THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL'S COMPENSATION. SEE FORM 990, PART VI, SECTION B, LINE 15 FOR ADDITIONAL INFORMATION. SCHEDULE J, PART I, LINE 4A Pursuant to the terms of her employment agreement, upon separation from the organization under certain circumstances, Ms. Sellick, President and CEO, is entitled to receive a severance payment. The following payment was made under this arrangement during the calendar year 2015, $733,500. SCHEDULE J, PART I, LINE 4B Rady Children's Hospital - SAN DIEGO has established a non-qualified plan pursuant to 457(f) of the Internal Revenue Code IN WHICH CERTAIN INDIVIDUALS LISTED ON THE FORM 990, PART VII AND SCHEDULE J ARE PARTICIPANTS. The purpose of this plan is to incentivize eligible senior management employees (President, Senior Vice Presidents, Vice Presidents, Senior Managing Directors) in recognition of the fact that they are required to devote significant amounts of time, skill and energy to the organization and to provide these individuals with additional deferral opportunities. The amounts listed in Schedule J Part II, Column (C) are subject to substantial future service requirements to the organization and are subject to substantial risk of forfeiture. Once vested and not otherwise deferred, the amounts under this plan are reported on Form W-2 as taxable compensation to the individual. MISSION DESCRIPTION- FORM 990, PART III, LINE 1 Rady Children's Hospital and Health Center (RCHHC) was formed to acquire, establish, maintain, conduct, operate, raise funds for, and otherwise support, directly or indirectly through its affiliates, facilities and programs for the benefit of children and adults with diseases, disorders, and other health problems of pediatric origin, including providing resources for charity care, research, and education. In addition, RCHHC solicits and receives grants and donations to be used to promote and advance the welfare and activities of its affiliates. FORM 990, PART VI, SECTION B, LINE 11B- THE FORM 990 WAS REVIEWED BY THE CHIEF FINANCIAL OFFICER AND THEN PROVIDED TO THE ORGANIZATION'S AUDIT AND CORPORATE RESPONSIBILITY COMMITTEE FOR REVIEW. FOLLOWING REVIEW BY THE COMMITTEE, THE FORM 990 WAS FINALIZED, SIGNED AND SUBMITTED TO THE INTERNAL REVENUE SERVICE.A COMPLETE COPY OF THE FORM 990 WAS PROVIDED TO EACH VOTING BOARD MEMBER PRIOR TO FILING. FORM 990, Section B, Line 12c On an annual basis and upon election or appointment, the policy and disclosure statement is distributed to all Board members, officers, and key employees and medical staff leaders. All completed and signed statements are returned to the Corporate Compliance Officer for review. If a person discloses a potential or actual conflict, the person with the conflict of interest is excluded from any discussion or approval of such transaction. Financial interest disclosures by board members and officers are brought to the RCHHC Board of Trustees or the Audit and Corporate Responsibility Committee for review and, as needed, appropriate action. Financial interest disclosures by key employees and medical staff leaders are reviewed by the Corporate Compliance Officer and referred to the President and Chief Executive Officer or to the RCHHC Board of Trustees. The Corporate Compliance Officer reports annually to the Executive Corporate Compliance Committee and the Audit and Corporate Responsibility Committee a summary of all disclosures and action taken, if any. All other employees are required to complete a disclosure statement on an annual basis that is reviewed by the Corporate Compliance Officer. FORM 990, PART VI, SECTION B, LINE 15 RADY CHILDREN'S HOSPITAL - SAN DIEGO WORKING THROUGH THE BOARD COMPENSATION COMMITTEE HAS A PROCESS FOR ESTABLISHING, REVIEWING AND APPROVING COMPENSATION OF OFFICERS AND KEY EMPLOYEES OF THE ORGANIZATION ON A NO LESS THAN AN ANNUAL BASIS. THE COMPENSATION COMMITTEE IS COMPRISED OF INDEPENDENT, LAY MEMBERS OF THE BOARD OF TRUSTEES. PRIOR TO CONDUCTING ITS REVIEW, THE CHAIR OF THE COMPENSATION COMMITTEE DETERMINES WHETHER ANY MEMBER HAS A CONFLICT OF INTEREST WITH RESPECT TO THE MATTER(S) UNDER REVIEW. IF THERE IS A CONFLICT, THE CONFLICTED MEMBER RECUSES HIMSELF/HERSELF AND IS NOT PRESENT DURING DISCUSSION OR VOTE ON THE ARRANGEMENT UNDER REVIEW. IN DETERMINING AND APPROVING THE COMPENSATION ARRANGEMENT, THE COMMITTEE CONSIDERS ALL COMPONENTS OF COMPENSATION. IT CONSIDERS COMPARABILITY DATA AND RETAINS AN INDEPENDENT COMPENSATION CONSULTANT TO PROVIDE COMPARABILITY DATA TO THE COMMITTEE. TOTAL COMPENSATION IS TARGETED TO BE BETWEEN THE 50TH AND 75TH PERCENTILES OF THE COMPARABILITY DATA. THE COMMITTEE'S DELIBERATIONS AND DECISIONS ARE DOCUMENTED IN MINUTES THAT ARE REVIEWED AT ITS NEXT MEETING OR SIXTY DAYS AFTER ACTION. THE COMMITTEE'S WRITTEN RECORDS INCLUDE THE (1) TERMS OF THE ARRANGEMENT WITH THE DISQUALIFIED PERSON (INCLUDING THE DATE THE ARRANGEMENT WAS APPROVED); (2) A LIST OF MEMBERS PRESENT DURING THE DISCUSSION OF THE TRANSACTION (AND HOW THE MEMBERS VOTED WHEN IT WAS APPROVED); AND (3) A DESCRIPTION OF THE COMPARABLE DATA RELIED ON BY THE COMMITTEE AND HOW IT WAS OBTAINED. FORM 990, PART VI, SECTION C, LINE 19 - WHILE FEDERAL TAX LAWS DO NOT MANDATE THAT THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS BE MADE AVAILABLE FOR PUBLIC INSPECTION,THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 OTHER CHANGES IN FUND BALANCE CHANGE - SPLIT INTEREST AGREEMENTS (184,449) INTERCOMPANY TRANSFER (152,444) INVESTMENT IN CHIRPL (3,374,257) INVESTMENT IN RCPMS 1,772,582 UBI FROM INVESTMENT PARTNERSHIPS 129,047 ======================================================== TOTAL OTHER CHANGES IN FUND BALANCE (1,809,521) Rady Children's Hospital - San Diego 3020 Childrens Way 5001 San Diego CA 92123 951691313 hospital CA 501(c)(3) 3 RCHHC true Rady Children's Hospital Research Center 3020 Childrens Way 5001 San Diego CA 92123 953814185 Research CA 501(c)(3) 11a rchhc true Rady Children's Health Services San Dieg 3020 Childrens Way 5001 San Diego CA 92123 330278018 Support RCHHC CA 501(c)(3) 11a RCHHC true Rady Children's Hospital Foundation San 3020 Childrens Way 5001 San Diego CA 92123 330170626 Fundraising CA 501(c)(3) 7 RCHHC true Children's Hospital Integrated Risk Prot Canons Court 22 Victoria Street Hamilton, HM12 BD 999999999 Captive Insur BD RCHHC C Corp 0 369943 1.00000 true Rady Children's Physician Management Ser 3860 Calle Fortunada Suite 200 San Diego CA 921234282 330670694 Management Se CA RCHHC C Corp. 1201601 14170546 1.00000 true Children's Hospital Insurance Limited Canons Court 22 Victoria Street Hamilton BD HM12 999999999 Captive Insur BD CHIRP C corp 1700000 14758858 1.00000 true CRUT(6) 3020 CHILDRENS WAY MC 5133 SAN DIEGO CA 921234282 crut CA RCHHC 1.00000 true false true true false false false false false false false false true true true true true false false children's hospital insurance limited M 2723000 see part vii children's hospital insurance limited p 251371 see part vii rady children's hospital - research center b 2060585 see part vii rady children's hospital - san diego c 1690557 see part vii rady children's hospital foundation c 307 see part vii rady children's hospital - san diego p 3669 see part vii rady children's hospital - san diego q 234786 see part vii rady children's hospital foundation q 307 see part vii children's hosp integrated risk protective p 7945 see part vii SCHEDULE R PART V, LINE 2 The amounts on Schedule R Part V Line 2 were determined as follows: (b) and (c) - the contribution received and the the grant to RCHSD were determined based on the original donor's requirements and as approved by respective donors. (m)- Premiums transfered were based on fair market value. (o) and (p) transactions - these amounts were reimbursements for employee salaries and benefits for the services the employees provided to RCHHC and cost reimbursements for other expenses. (q) - these are transfers of cash and donor related investments. the donor related investments were transferred at fair market value. (s) other intercompany equity transfers.