2016-05-13T18:04:49-05:00 2015-06-30 221478099 COHNREZNICK LLP 400 CAPITOL MALL SUITE 900 SACRAMENTO CA 95814 990 2014-07-01 951644029 LOS ANGELES ORTHOPAEDIC HOSPITAL FOUNDATION LOSA 2137421044 403 WEST ADAMS BLVD LOS ANGELES CA 900072664 ANTHONY SCADUTO MD PRESIDENT 2137421044 2016-05-13 1 LISA M CUMMINGS CPA P00043433 9164429100 2014 2016-08-17 19:52:53Z ORTHOPAEDIC FOUNDATION ANTHONY SCADUTO MD 403 WEST ADAMS BLVD LOS ANGELES CA 900072664 58893360 0 X WWW.ORTHO-INSTITUTE.ORG X 1918 CA THE MISSION OF LOS ANGELES ORTHOPAEDIC HOSPITAL FOUNDATION IS TO SUPPORT THE MEDICAL CARE, RESEARCH AND EDUCATION ACTIVITIES OF ORTHOPAEDIC HOSPITAL, A 501(C)(3) CORPORATION. ORTHOPAEDIC HOSPITAL PROVIDES CARE FOR CHILDREN WITH MUSCULOSKELETAL DISORDERS, REGARDLESS OF ABILITY TO PAY, AND ADVANCES CARE WORLDWIDE THROUGH SCIENTIFIC RESEARCH AND MEDICAL EDUCATION. 26 25 9 400 0 0 4633886 2537669 0 0 11962238 10256797 3323 13695 16599447 12808161 7120916 8916114 0 0 945402 1172584 0 0 1237889 1562773 1609062 9629091 11697760 6970356 1110401 201905573 199148250 3972845 1271458 197932728 197876792 X THE MISSION OF LOS ANGELES ORTHOPAEDIC HOSPITAL FOUNDATION IS TO SUPPORT THE MEDICAL CARE, RESEARCH AND EDUCATION ACTIVITIES OF ORTHOPAEDIC HOSPITAL, A 501(C)(3) CORPORATION. ORTHOPAEDIC HOSPITAL PROVIDES CARE FOR CHILDREN WITH MUSCULOSKELETAL DISORDERS, REGARDLESS OF ABILITY TO PAY, AND ADVANCES CARE WORLDWIDE THROUGH SCIENTIFIC RESEARCH AND MEDICAL EDUCATION. 0 0 8916114 8916114 FINANCIAL SUPPORT - THE LOS ANGELES ORTHOPAEDIC HOSPITAL FOUNDATION PROVIDES FINANCIAL SUPPORT TO ORTHOPAEDIC HOSPITAL IN ORDER TO CARRY OUT ITS MISSION TO PROVIDE OUTSTANDING MEDICAL CARE FOR CHILDREN WITH MUSCULOSKELETAL DISORDERS, REGARDLESS OF ABILITY TO PAY, AND ADVANCE CARE WORLDWIDE FOR THOSE PATIENTS THROUGH MEDICAL EDUCATION AND SCIENTIFIC RESEARCH. THERE WERE 48,377 OUTPATIENT VISITS FOR FISCAL YEAR 2015. 249215 COMMUNITY OUTHREACH - THE LOS ANGELES ORTHOPAEDIC HOSPITAL FOUNDATION GRANTS SCHOLARSHIPS TO PATIENTS OF ORTHOPAEDIC HOSPITAL AND TO GRADUATE STUDENTS OF ORTHOPAEDIC HOSPITAL MEDICAL MAGNET HIGH SCHOOL. THE RECIPIENTS ARE EVALUATED UNDER THREE CRITERIA: ACADEMIC RECORDS, COMMUNITY SERVICE AND PERSONAL QUALITIES. GRANTS ARE PAID DIRECTLY TO THE SCHOOLS WHERE STUDENTS ARE ACCEPTED FOR COLLEGE. 204394 COMMUNITY SERVICES - THE LOS ANGELES ORTHOPAEDIC HOSPITAL FOUNDATION CONDUCTS A NUMBER OF COMMUNITY SERVICES. ONE OF THEM IS THE VOLUNTEER PROGRAM WHICH PROVIDES SUPPORT TO ORTHOPAEDIC HOSPITAL'S PATIENTS AND THEIR IMMEDIATE FAMILY MEMBERS. 400 VOLUNTEERS CONTRIBUTED HOURS TO THE PROGRAM FOR FISCAL YEAR 2015. 611885 OTHER PROGRAM SERVICES 611885 9981608 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 19 0 1 9 1 0 0 0 0 0 0 0 0 0 0 0 X 26 25 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA OR X DIANE MOON 2137421044 403 WEST ADAMS BLVD LOS ANGELES CA 900072664 AMY D'AMBRA TRUSTEE 2.00 2.00 X 0 0 0 ANTHONY A SCADUTO MD PRESIDENT & CEO 8.00 32.00 X X 0 737842 49404 CHRISTINE WRIGHT ROPER TRUSTEE 2.00 2.00 X 0 0 0 CINDY STARRETT TRUSTEE 2.00 2.00 X 0 0 0 CORINA VILLARAIGOSA TRUSTEE 2.00 2.00 X 0 0 0 DAVID GOLDBERG TRUSTEE 2.00 2.00 X 0 0 0 EDWARD D FOX JR TRUSTEE 2.00 2.00 X 0 0 0 HAROLD A DAVIDSON DBA CRA TRUSTEE 2.00 2.00 X 0 0 0 HAROLD J MYERS TRUSTEE 2.00 2.00 X 0 0 0 HILARY A NORTON TRUSTEE 2.00 2.00 X 0 0 0 JACK R BORSTING PHD TRUSTEE 2.00 2.00 X 0 0 0 JAMES V LUCK JR MD TRUSTEE 2.00 2.00 X 0 0 0 JASON SILLETTI TRUSTEE 2.00 2.00 X 0 0 0 JEFFREY B PRESTINE TRUSTEE 2.00 2.00 X 0 0 0 JEFFREY J ECKARDT MD TRUSTEE 2.00 2.00 X 0 0 0 JOAN PRESTINE TRUSTEE 2.00 2.00 X 0 0 0 JOEL M BERNSTEIN ESQ TRUSTEE 2.00 2.00 X 0 0 0 LALO DIAZ TRUSTEE 2.00 2.00 X 0 0 0 LAWRENCE B GOTLIEB TRUSTEE 2.00 2.00 X 0 0 0 MARK WILBUR TRUSTEE 2.00 2.00 X 0 0 0 PEVERLY J HUKILL PHD TRUSTEE 2.00 2.00 X 0 0 0 PHYLLIS J MCCRAY TRUSTEE 2.00 2.00 X 0 0 0 RICHARD E GISS TRUSTEE 2.00 2.00 X 0 0 0 STEVE MACDONALD TRUSTEE 2.00 2.00 X 0 0 0 STEVEN T VALENTINE TRUSTEE 2.00 2.00 X 0 0 0 WILLIAM G MCGAGH TRUSTEE 2.00 2.00 X 0 0 0 DIANE MOON CFO 16.00 24.00 X 0 236446 10040 MICHAEL SULLIVAN VP FOUNDATION & CPO 32.00 8.00 X 0 234938 12054 0 1209226 71498 0 0 1 0 0 2537669 85910 2537669 4172333 4172333 166 166 52169663 46085199 6084464 6084464 6084464 OTHER INCOME 900099 13529 13529 13529 12808161 13529 0 10256963 8916114 8916114 997698 274006 723692 23497 5204 18293 71758 16365 55393 79631 43597 36034 60862 11932 48930 44867 44867 478263 478263 189981 66982 122999 38132 11570 26562 30404 30404 23401 9131 14270 5207 2231 2976 21854 10696 11158 70972 70848 124 COMMUNITY OUTREACH 255813 249577 6236 SUPPLIES 231439 122652 108787 RECRUITING 53945 6738 47207 PRINTING 48817 43505 5312 55105 45189 9916 11697760 9981608 478263 1237889 481573 534072 831138 538101 15703 38735 625242 434142 189641 191100 183634203 180169626 16497721 17444419 255594 232197 201905573 199148250 859455 508301 13390 12950 3100000 750207 3972845 1271458 X 147964581 147456353 21334370 22129864 28633777 28290575 197932728 197876792 201905573 199148250 X 1110401 -3921140 2754803 X X 0 1 X 1 0 X X 1 ORTHOPAEDIC HOSPITAL 951644604 3 1 8916114 0 1 8916114 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 29591746 64817 -23738 1332000 28300825 27114993 311820 3384933 1220000 29591746 26778415 85134 251444 27114993 25714415 549000 515000 26778415 25568415 372000 -226000 25714415 0.99970 0.00030 1 0 126943 126943 353398 331442 21956 134429 100950 33479 10472 1750 8722 191100 ALTERNATIVE INVESTMENTS 17444419 C 17444419 INTERCOMPANY TRANSFERS 28795 DUE TO AFFILIATES 721412 750207 X PART X, LINE 2: OIC AND OF ARE SEPARATE LEGAL NOT-FOR-PROFIT ORGANIZATIONS THAT ARE TAX-EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 23701(D) OF THE REVENUE AND TAXATION CODE OF CALIFORNIA. HOWEVER, THE ORGANIZATION IS SUBJECT TO INCOME TAXES ON ANY NET INCOME THAT IS DERIVED FROM A TRADE OR BUSINESS, REGULARLY CARRIED ON, AND NOT IN FURTHERANCE OF THE PURPOSES FOR WHICH THEY WERE GRANTED EXEMPTION. NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE ACCOMPANYING COMBINED FINANCIAL STATEMENTS. THE ORGANIZATION HAS NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2015 AND 2014. THE ORGANIZATION'S FEDERAL AND STATE INCOME TAX RETURNS PRIOR TO FISCAL YEAR 2012 AND 2011, RESPECTIVELY, ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. IF APPLICABLE, THE ORGANIZATION RECOGNIZES INTEREST AND PENALTIES ASSOCIATED WITH TAX MATTERS AS PART OF INCOME TAX EXPENSE AND INCLUDES ACCRUED INTEREST AND PENALTIES WITH ACCOUNTS PAYABLE AND ACCRUED EXPENSES IN THE COMBINED STATEMENTS OF FINANCIAL POSITION. 1 ORTHOPAEDIC HOSPITAL 403 WEST ADAMS BLVD LOS ANGELES CA 900072664 951644604 501(C)(3) 8916114 SUPPORT TO PROVIDE MEDICAL CARE TO CHILDREN WITH MUSCULOSKELETAL DISORDERS 1 PART I, LINE 2: THE ORGANIZATION MONITORS THE GRANTS TO THE HOSPITAL TO ENSURE THAT THE GRANTS ARE USED FOR ITS EXEMPT PURPOSE. X X X X X 0 0 0 0 0 0 0 0 0 ANTHONY A SCADUTO MD PRESIDENT & CEO 0 735530 0 0 0 2312 0 17500 0 31904 0 787246 0 0 DIANE MOON CFO 0 234134 0 0 0 2312 0 0 0 10040 0 246486 0 0 MICHAEL SULLIVAN VP FOUNDATION & CPO 0 232626 0 0 0 2312 0 0 0 12054 0 246992 0 0 X GIFTS-IN-KIND, NABI ELECTRONIC TOYS 1 64985 FMV X GIFTS-IN-KIND, 1683 TOYS VALUED AT $9 EACH 1683 15147 FMV X GIFTS-IN-KIND, 642 TOYS VALUED AT $9 EACH 642 5778 FMV 0 1 0 FORM 990, PART VI, SECTION A, LINE 6 ORTHOPAEDIC HOSPITAL, A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION EXEMPT UNDER SECTION 501(C)(3) OF THE CODE, IS THE SOLE MEMBER OF LOS ANGELES ORTHOPAEDIC HOSPITAL FOUNDATION AS MENTIONED IN ITS ARTICLES OF INCORPORATION. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNANCE COMMITTEE OF THE ORTHOPAEDIC HOSPITAL'S BOARD OF DIRECTORS AND THE LOS ANGELES ORTHOPAEDIC HOSPITAL FOUNDATION'S BOARD OF TRUSTEES IS ASSIGNED WITH THE RESPONSIBILITY OF RECRUITING NEW DIRECTORS AND TRUSTEES FOR BOTH ORGANIZATIONS. THE COMMITTEE GOES THROUGH ITS DUE DILIGENCE PROCESS OF REVIEWING EACH POTENTIAL MEMBER'S STATUS IN THE COMMUNITY AND QUALIFICATIONS FOR BOARD MEMBERSHIP AND THEN MAKES ITS RECOMMENDATION TO EACH BOARD. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS COMPLETED BY AN OUTSIDE ACCOUNTING FIRM AND REVIEWED BY INDIVIDUALS IN THE FOLLOWING ORDER: CFO THEN CEO, SENIOR ADMINISTRATIVE TEAM AND THE BOARD OF DIRECTORS BEFORE IT IS FINALIZED. FORM 990, PART VI, SECTION B, LINE 12C THE GOVERNANCE COMMITTEE OF THE ORTHOPAEDIC HOSPITAL'S BOARD OF DIRECTORS AND THE LOS ANGELES ORTHOPAEDIC HOSPITAL FOUNDATION'S BOARD OF TRUSTEES REQUIRES ALL DIRECTORS AND TRUSTEES TO SUBMIT A "CONFLICT OF INTEREST" STATEMENT ANNUALLY. THE COMMITTEE REVIEWS THESE STATEMENTS AND PRESENTS ANY POTENTIAL CONFLICT TO THE BOARDS FOR DISCUSSION AND APPROVAL OF ANY ACTION NEEDED. OFFICERS AND KEY EMPLOYEES ARE ALSO REQUIRED TO SUBMIT A "CONFLICT OF INTEREST STATEMENT" ANNUALLY TO THE HUMAN RESOURCES DEPARTMENT. STATEMENTS ARE REVIEWED BY THE COMPLIANCE OFFICER WHO CHECKS FOR ANY EXISTING CONFLICT. FOR ANY POTENTIAL CONFLICT, THE BOARD, WITH THE ABSTENTION OF THE INTERESTED DIRECTOR, MAY DECIDE WHETHER SUCH DIRECTOR MAY PARTICIPATE IN ANY REPORTING, DISCUSSION, OR VOTE ON THE ISSUE THAT GAVE RISE TO THE POTENTIAL CONFLICT. A MAJORITY OF A QUORUM OF DISINTERESTED DIRECTORS MUST APPROVE OR RATIFY THE TRANSACTION, CONTRACT, OR OTHER MATTER GIVING RISE TO THE ISSUE. THE INTERESTED DIRECTOR MAY BE COUNTED IN DETERMINING WHETHER A QUORUM EXISTS EVEN THOUGH HE OR SHE CANNOT VOTE ON THE ISSUE. ANY DIRECTOR WITH AN INTEREST, RELATIONSHIP, OR RESPONSIBILITY THAT CONFLICTS WITH THE INTEREST OF THE ORGANIZATION SHALL RECUSE HIMSELF OR HERSELF FROM ANY REPORTING, DISCUSSIONS, AND VOTE ON THE ISSUE THAT GIVES RISE TO THE CONFLICT AND, PREFERABLY, FROM THE BOARD OR COMMITTEE MEETING OR APPLICABLE PORTION OF SUCH MEETING. FORM 990, PART VI, SECTION B, LINE 15 CEO - COMPENSATION IS REVIEWED AND DOCUMENTED BY THE COMMITTEE OF THE BOARD OF TRUSTEES ANNUALLY. KEY PHYSICIAN POSITIONS - COMPENSATION IS REVIEWED BY CONSULTANT, ATTORNEY AND THEN APPROVED BY THE STRATEGIC COMMITTEE AND THE BOARD OF DIRECTORS. OTHER OFFICERS AND KEY EMPLOYEES - COMPENSATION IS REVIEWED BY THE CEO WITH THE DIRECTOR OF HUMAN RESOURCES. ORTHOPAEDIC HOSPITAL PARTICIPATES IN SOME SALARY SURVEYS AND USES THIS INFORMATION TO COMPARE SALARIES IN THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 ANY INQUIRIES REGARDING THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS SHOULD BE DIRECTED TO THE CFO OR TO AN ORTHOPAEDIC HOSPITAL OFFICER. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -330,117. BOND PRINCIPAL 3,100,000. OTHER CHANGES IN NET ASSETS -15,080. FORM 990, PART XII, LINE 2C: THE PROCESS OF OVERSEEING THE AUDIT AND SELECTING AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. ORTHOPAEDIC HOSPITAL 2400 SOUTH FLOWER STREET LOS ANGELES CA 90007 951644604 OUTPATIENT CA 501(C)(3) LINE 3 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0