2014-11-13T09:01:17-06:00 2013-12-31 ERNST & YOUNG US LLP 41 SOUTH HIGH STREET COLUMBUS OH 43215 990 2013-01-01 237114013 Akron Children's Hospital Foundation % ALICIA LAMANCUSA VP FINANCE AKRO 3305438171 ONE PERKINS SQUARE Suite AKRON OH 44308 MICHAEL P TRAINER CFO 3305434251 2014-10-15 true DIANE L BEAN P00104972 3305434251 2014-11-12 2013 2015-11-30 17:44:51Z JOHN ZOILO ONE PERKINS SQUARE AKRON OH 44308 62650874 false X AkronChildrens.org 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. 35 28 17 0 0 0 10764433 17220384 0 0 3997714 2053212 -349152 -349765 14412995 18923831 6804010 6051071 0 0 1780859 1933278 0 0 2811387 1018322 1138847 9603191 9123196 4809804 9800635 98569484 123438886 2297322 2037823 96272162 121401063 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 6051071 6051071 0 A small group of Children's Hospital Medical Center of Akron (CHMCA) Trustees met early in 1971 to assess the long-term needs of the institution and those it served. They foresaw an unprecedented period of change and growth ahead, caused by the burgeoning advances in medical science as well as the expanding multi-county area served by CHMCA. They predicted that, to fulfill the health needs of the coming generation, CHMCA would have to undergo a drastic change, moving from primarily a community facility to a major regional medical center. At the same time, they realized that this growth could not be financed from patient fees alone. On June 3, 1971, they formally established the Akron Children's Hospital Foundation, a separate, not-for-profit corporation, to secure funds which would "add breath and depth to CHMCA's capabilities in health care, medical research and education." In 2013, $6,051,071 Foundation funds were used by CHMCA to support its mission. Of that amount, $340,111 was used for capital purchases and $2,174,000 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: $639,000 Hematology/Oncology, $292,000 Adoption Center, $254,000 Regional Burn Center, $203,000 Community Youth Fitness, $173,000 Global Health, $159,000 Palliative Care, $144,000 Psychiatry Intake Program, $138,000 Reach Out and Read Program, and $55,000 Autism Family Child Learning Center. The remaining amount was used for research, training, education 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 othewise been possible within the Hospital's budget limitations. The Foundation has financed medical research into 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 CHCMA at the forefront of healthcare, while minimizing the cost of such care to patients and their families. 6051071 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 true true false false false false false true true false false false true X 0 0 17 false false true CJ false false false true true false false false false X 35 28 false false false false true true false true true false false false true true true true false true true false OH X ALICIA LAMANCUSA VP FINANCE 3305438171 ONE PERKINS SQUARE AKRON OH 44308 X William H Considine President/CEO 8.0 44.0 X X 1785893 -2761 Michael P Trainer Treasurer/CFO 8.0 44.0 X X 537477 32991 John Zoilo Vice Chair/VP Foundation 40.0 0.0 X X 266414 31665 Dr John McBride Director 1.0 20.0 X 140771 -9026 Dr John Crow Director 1.0 40.0 X 810788 14887 John Adams Director 1.0 0.0 X Susan Berk Director 1.0 0.0 X James Berry Director 1.0 0.0 X Frank Bevilacqua Director 1.0 0.0 X David Bouffard Director 2.0 0.0 X Madeline Bozzelli Director 1.0 0.0 X Paul Catania Director 1.0 0.0 X Robert Cooper Director 1.0 0.0 X William Cushwa Jr Director 1.0 0.0 X John P Delaney Director 1.0 0.0 X Paul Dutton Director 1.0 0.0 X Charlie Freeman Director 1.0 0.0 X Valerie Geiger Director 1.0 0.0 X Michael George Secretary 2.0 0.0 X X Richard Grigg Director 1.0 0.0 X Raymond Hexamer Director 1.0 0.0 X Willard Holland Director 1.0 0.0 X Patrick James Director 1.0 0.0 X Kara Lewis Director 1.0 0.0 X Robert Littman Director 1.0 0.0 X Philip Maynard Chairman 16.0 11.0 X X Gregory McDermott Director 1.0 0.0 X Gregory Michalec Sr Director 1.0 0.0 X Eveline Nordhauss Director 1.0 0.0 X Mark Oelschlager Director 1.0 0.0 X Ernie Pouttu Director 1.0 0.0 X Alexis Rizopulos Director 1.0 0.0 X Walton Silver Director 1.0 0.0 X James Sisek Esq Director 1.0 0.0 X Dennis Wieland Director 1.0 0.0 X 266414 3274929 67756 1 false true false FIRST MERIT BANK 295 FIRST MERIT CIRCLE AKRON OH 443072359 Banking Fees 114797 1 X 577170 681260 15961954 17220384 0 1564724 1564724 0 0 0 0 0 43865766 43377278 488488 488488 488488 577170 349765 -349765 -349765 0 0 0 18923831 1703447 6051071 6051071 0 0 0 298079 298079 0 1222313 1222313 141499 141499 193481 193481 77906 77906 0 0 0 0 0 260738 260738 9825 9825 60459 60459 280317 280317 0 0 160806 160806 56066 56066 0 0 0 0 53418 53418 0 EQUIP REPAIR & MAINTENANCE 2042 2042 DONOR CULTIVATION 255176 255176 9123196 6051071 260738 2811387 0 0 0 0 1967042 6224738 0 0 0 0 0 0 0 0 0 0 124368 142218 597930 406310 235459 191620 87789199 107759531 0 0 0 0 0 0 8453416 9120779 98569484 123438886 770972 1369454 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1526350 668369 2297322 2037823 X 46180249 56458708 39184648 53204610 10907265 11737745 96272162 121401063 98569484 123438886 X 9800635 14660902 667364 X false true X true false X 7597644 9369450 17293548 10764433 17220384 62245459 0 0 7597644 9369450 17293548 10764433 17220384 62245459 10730453 51515006 994545 1206906 1528542 1676457 1564724 6971174 0 0 69216633 0.74426 0.71990 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 55185519 12047723 8291351 3611958 71912635 48292758 7590996 3474164 4172399 55185519 42191502 11512095 -1529858 3880981 48292758 37902948 4684218 3511833 3907497 42191502 30651078 3667095 7080419 3495644 37902948 0.09690 0.16320 0.73990 true false 0 65297 31790 33507 532633 374520 158113 191620 TRUSTS RECEIVABLE 9120779 9120779 0 INTRAFUND PAYABLE 668369 668369 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 designed to function as endowments. These funds are to be used for the sole purpose as they were designed for. 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 does not have any material tax consequences that required a liability to be disclosed in the financial statements. Central America and the Caribbean Investments 6183049 6183049 6183049 false false true false false false OH RADIOTHON 577170 577170 349765 0 0 0 0 0 577170 577170 349765 349765 -349765 false Children's Hospital Medical Center of Akron One Perkins Square Akron OH 44308 340714357 3 6051071 Patient Care Needs 1 Part I, Line 2 Akron Children's Hospital Foundation provides support for the needs of CHMCA. 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 false true false true false false false false false false false William H Considine President/CEO 1246412 203050 336431 -17658 14897 1783132 0 Michael P Trainer Treasurer/CFO 413286 121498 2693 17400 15591 570468 0 John Zoilo Vice Chair/VP Foundation 229678 30098 6638 24590 7075 298079 0 Dr John Crow Director 750448 0 60340 0 14887 825675 0 Part I, Line 1a - Fringe or Expense Explanation John Zoilo, Vice President of the Akron Children's Hospital Foundation, has a country club membership that is used for business meetings with current and prospective donors. Part I, Line 1b - Written Reimbursement Policy Explanation The executive reimbursement to John Zoilo, which includes the gross-up of the personal use of the country club dues, has been approved by the board of directors. 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 2013 was $233,398. Part II, Column C - Deferred Compensation During 2013, the significant increase in the pension plan's discount rate resulted in a decrease in the present value of the participant's deferred benefits. Part III - Other Additional Information AKRON CHILDREN'S HOSPITAL FOUNDATION RELIED ON THE RELATED ORGANIZATION, CHCMA, TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION. JOHN ZOILO'S COMPENSATION WAS PAID THROUGH A COMMON PAYMASTER OF CHMCA. First Merit VP-First Merit/Director 114797 Fees paid to First Merit false Farmers Trust Bank Farmers CEO/Director 7560719 Farmers Trust holds Trust false Amanda George Family Member of Curr Dir 76006 Compensation false Part V - Additional Information Greg McDermott, Director, is a Vice-President within First Merit Bank, of which Akron Children's Hospital Foundation conducts their operating and investments banking. James Sisek, Esq., Director, is the President and CEO of Farmer's Trust Bank, which is the Trustee for the Beneficial Interest in the Kikel Trust belonging to Akron Children's Hospital Foundation. Amanda George is the sister of Board Member, Michael George. 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 employees disclose real or apparent conflicts of interest as a condition of employment. CHMCA also requires that each employee 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 Vice President. 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 employee 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 employee 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 employee 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. - Should a potential conflict of interest be identified, the Committee determines the extent of the conflict and the means to address it. - In certain cases, a Committee member may be asked not to participate in discussions of, or vote on, a particular 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 follows all steps required by the Internal Revenue Service to qualify for the safe harbor under the Intermediate Sanctions regulations. The Committee: 1) Reviews compensation data for comparable positions at similar organizations which are compiled by an independent consultant it engages, 2) Uses this data to make executive decisions, and 3) Documents its compensation deliberations and decisions in a timely manner. The Committee reviews appropriate sections of CHMCA's IRS Form 990 before it is filed to ensure accuracy and completeness. An independent salary survey was completed in 2013 and recommendations were provided and presented by the independent consultant to the compensation committee for approval. Part VI, Line 15b - Compensation Process for Officers An independent salary survey was completed in 2013 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 Increased Value in Beneficial Interest in Trusts $667,364 Part V, Line 2 (a) - Additional Information Akron Children's Hospital Foundation does have its own employees but uses a common paymaster with its related organization, CHMCA. CHMCA prepares and issues all W-2's to the employees of the Akron Children's Hospital Foundation. 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) 11a CHMCA true CHILD DIMENSIONS INSURANCE COMPANY ONE PERKINS SQUARE AKRON OH 44308 030317160 INSURANCE OH 501(c)(3) 11a CHMCA true false true true false false false false false false false false false false false false true true false false