2012-06-08T09:04:39-04:00 2011-08-31 ERNST & YOUNG US LLP 155 NORTH WACKER DRIVE CHICAGO IL 60606 990 2010-09-01 362170833 THE CHILDREN'S MEMORIAL HOSPITAL CHIL 3125734578 2300 CHILDRENS PLAZA BOX 268 CHICAGO IL 606143394 PAULA M NOBLE 2012-06-07 3128792000 2010 2016-02-24 21:20:13Z Patrick M Magoon 2300 CHILDRENS PLAZA BOX 268 CHICAGO IL 606143394 1075095296 false X WWW.CHILDRENSMEMORIAL.ORG X 1894 IL THE HOSPITAL IS A PEDIATRIC ACADEMIC MEDICAL CENTER PROVIDING PATIENT CARE AND EDUCATION AND TRAINING FOR THE PHYSICIANS AND OTHER MEDICAL PROFESSIONALS. IT IS ALSO A LEADER IN PEDIATRIC RESEARCH AND ADVOCACY. 107 91 4700 1418 498404 191048 38771094 49693298 540004869 539278122 20776943 3804118 -206542 574881 599346364 593350419 24129924 28319947 0 0 265327945 282320559 0 0 0 256919352 239202347 546377221 549842853 52969143 43507566 1952509066 2042087930 846750270 789111961 1105758796 1252975969 X WE ARE DEDICATED TO THE HEALTH AND WELL-BEING OF ALL CHILDREN. AS THE PEDIATRIC TEACHING FACILITY FOR NORTHWESTERN UNIVERSITY'S FEINBERG SCHOOL OF MEDICINE, THIS COMMITMENT DRIVES US TO BE A LEADER IN: - PEDIATRIC HEALTH CARE DELIVERY - RESEARCH INTO THE PREVENTION, CAUSES AND TREATMENT OF DISEASES THAT AFFECT CHILDREN - EDUCATION FOR PHYSICIANS, NURSES AND ALLIED HEALTH PROFESSIONALS - ADVOCACY FOR CHILDREN AS A CHARITABLE ORGANIZATION, WE SERVE CHILDREN AND THEIR FAMILIES TO THE BEST OF OUR ABILITIES AND TO THE LIMITS OF OUR RESOURCES. false false 485878448 28319947 540348288 The Children's Memorial Hospital ("CMH") in Chicago, Illinois owns and operates the only full-service, independent, freestanding pediatric hospital in Illinois. This not-for-profit, tertiary care hospital, founded in 1882, provides patient care 24 hours per day, 7 days per week. CMH has 270 licensed beds and provides a full range of inpatient and outpatient care and related ancillary services. CMH provides more care than any other hospital provider in Illinois in nearly every pediatric medical and surgical specialty. As a major academic tertiary care medical center, CMH has served patients from every county in Illinois, as well as patients from every state and 35 countries. CMH is a designated Level I pediatric trauma center for the City of Chicago, with a Level III neonatal nursery that serves as a regional referral center in the State of Illinois Perinatal Network. CMH's ability to treat the most critically ill infants in its neonatal intensive care unit ("NICU") is demonstrated by statistics for calendar year 2011 which show that 60% of all transports into its NICU were from other Level III nurseries in metropolitan Chicago. CMH has also been ranked among the best in the nation in a U.S. News & World Report opinion-based survey of top pediatric hospitals for the past three years. CMH is home to the world's first pediatric center for Autonomic Medicine and was the first pediatric hospital in Illinois to perform the Berlin Heart procedure, a breakthrough technology that helps children awaiting heart transplants. In the fiscal year ending August 31, 2011, CMH, through nearly 549,700 patient visits, served more than 148,000 children who came from all over the State of Illinois and beyond to access the more than 70 specialties offered by CMH. During this period there were 465,818 visits including 315,658 outpatient visits in Lincoln Park (including 6,541 observation cases), including 61,691 emergency room visits and 88,469 outpatient visits at the satellite facilities. CMH is the largest provider of Medicaid services to Illinois children. In total, during the State of Illinois' fiscal year 2011, CMH provided approximately 55% more outpatient and inpatient Medicaid services than the next highest Illinois hospital. CMH's pediatric-specialist physicians provide more specialty care to children insured by the State of Illinois' All Kids (Medicaid) program than any other specialty care provider. CMH maintains a charity care policy under which it provides healthcare services free of charge or at a greatly reduced rate to children whose families are unable to pay for the charges associated with their medical care. For the fiscal year ended August 31, 2011, the total unreimbursed care and community benefit as reported in the Fiscal Year 2011 audit of CMH and its affiliates was approximately $100 million, including $66.2 million in costs associated with unreimbursed services provided by the Hospital and its affiliated physician groups to children on Medicaid and $34.9 million for charity care and other community benefit including, but not limited to, resident and fellow expenses $15.5 million, research funding $4.3 million, operation of a community clinic support $2.9 million, child advocacy programs $557 thousand and the provision of language assistance, pastoral care, social work, art and music therapies, hospital volunteer services, transplant family housing and other family support services $6.6 million. CMH undertakes a broad range of services and activities in addition to patient care that support its charitable mission. CMH functions as a teaching and research institution whose efforts have contributed considerably to improvements in the quality of life and healthcare for children. CMH supports community medical needs through a variety of outreach programs and educational programs. In December 2001, CMH became the first pediatric hospital in the nation and the first hospital in Illinois to receive the Magnet Award from the American Nurses Credentialing Center. CMH was awarded this designation again in November 2005. Only 6% of the nation's hospitals currently hold this distinction. CMH is one of the major pediatric teaching hospitals in the U.S., serving as the pediatric teaching facility and the primary pediatric practice site of Northwestern University's Feinberg School of Medicine ("NUFSM") for resident physicians, fellows and medical students in pediatric specialties and sub-specialties. This program is consistently one of the most sought after in the country. In fiscal year 2011, over 1,170 individuals applied for the 93 available positions. Including the NUFSM pediatric residents and fellows, CMH has 110 residents and 88 fellows in various training programs. CMH also offers clinical experiences in pediatrics to medical students, nursing students, and students in other allied health fields. CMH is affiliated with 19 nursing education programs. In fiscal year 2011, there were 1,297 student placements, including 315 third and fourth year medical students, 668 nursing students, and 314 allied health students. CMH is undertaking the development, construction and equipping of a new, 288-licensed bed, acute care, pediatric hospital to replace its existing hospital facilities which will be named the "Ann & Robert H. Lurie Children's Hospital of Chicago." This new facility, in close proximity to NUFSM, will facilitate CMH's ability to continue to build upon its academic and research ties in a family-centered environment and state-of-the-art pediatric care facility that will foster the provision of compassionate care. CMH's role as a regional referral center for a variety of pediatric diseases and illnesses has created many research opportunities to study and treat them and CMH's research arm, Children's Memorial Research Center, is one of the nation's few centers dedicated solely to pediatric research. See the tax information return of CMH's affiliate, Children's Memorial Research Center [36-3357005]. Alone, or in conjunction with other community partners, CMH provides programs to support the health and well-being of children in our local community and beyond involving patient care and prevention; research; education and advocacy. Much of CMH's community work is in schools, particularly for children with special health and learning needs and the capacities of school personnel serving them. In the past 17 years, CMH has served more than 15,000 children and faculty of the Chicago Public Schools to enhance the health and safety programs and accommodations of chronically ill children. Programs address specific conditions such as epilepsy, ADHD, HIV infection, and impaired hearing. Other programs educate personnel about advanced medical technologies and aiding children transitioning from the CMH setting back to school. Other community health activities include a partnership by CMH hematologists with the American Red Cross Blood Services to launch a cooperative sickle cell blood donor program to increase the number of blood donations by African Americans to help children with sickle cell disease who require frequent blood transfusions. CMH is a driving member of the Consortium to Lower Obesity in Chicago Children (CLOCC) to confront childhood obesity in Chicago. CLOCC is currently working with the City of Chicago to promote healthy eating and physical activity and is also piloting programs in Englewood, Humboldt Park, Lower West Side, Rogers Park, West Garfield Park, and West Town neighborhoods in Chicago. CMH operates an Injury Prevention and Research Center to educate and to improve public policy and foster protective environments, in addition to coordinating injury prevention initiatives at CMH. CMH has also developed programs to teach children sports injury prevention. CMH's Consortium for Children with Complex Medical Needs seeks to assist children with special health care needs to overcome barriers in obtaining care by assuring a medical home, building alliances to facilitate increased access to care and services, raising awareness, and helping those children to obtain the services needed to transition to adulthood. CMH participates in a community partnership to create a one-stop center to coordinate medical, social and housing services for Chicago's most vulnerable youth. The Broadway Youth Center addresses the unique medical and psychological needs of youth who are homeless; those at risk for HIV; and young people who are lesbian, gay, bisexual or transgender. There are fewer than 10 such centers in the nation and this is the first in Chicago. CMH offers a summer internship for Latino high school students to introduce them to promising career opportunities and a mentoring program for high school students that promotes participation in community service and literacy. CMH also educates in child maltreatment awareness and child abuse prevention, lead poisoning detection, and automobile safety programs and has developed fitness programs f 485878448 true true false true false false false false true true true false false true false false true false false true false false false false false true true true false true true false false false false false false false false true true true false false false false true false false false false true 319 0 true 4700 true true true false false false false false false false false false X 107 91 true false false false true true true true true false false false true true true true true true true false IL X PAULA M NOBLE 3125734578 2300 CHILDRENS PLAZA BOX 268 CHICAGO IL 60614 X John J Allen 1.0 X 0 0 0 John Amboian Jr 1.0 X 0 0 0 Sarah Baine 1.0 X 0 0 0 Stephen W Baird 1.0 X 0 0 0 Peter B Bensinger 1.0 X 0 0 0 Andrew T Berlin 1.0 X 0 0 0 Barbara L Bowles 1.0 X 0 0 0 Jill Brennan 1.0 X 0 0 0 David Bunning 1.0 X 0 0 0 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F Hanzlik 1.0 X 0 0 0 Brett J Hart 1.0 X 0 0 0 Mary JC Hendrix PhD 1.0 X 0 602933 44526 Daniel J Hennessy 1.0 X 0 0 0 James Hickey 1.0 X 0 0 0 Gary E Holdren 1.0 X 0 0 0 Mark Hoppe 1.0 X 0 0 0 Charles H James III 1.0 X 0 0 0 J Larry Jameson MD 1.0 X 0 0 0 Kirk B Johnson 1.0 X 0 0 0 W Bruce Johnson 1.0 X 0 0 0 Bennet A Kaye MD 1.0 X 0 0 0 George D Kennedy 1.0 X 0 0 0 Anthony K Kesman 1.0 X 0 0 0 Richard P Kiphart 1.0 X 0 0 0 Fred L Krehbiel 1.0 X 0 0 0 Adam A Kriger 1.0 X 0 0 0 Gerald R Lanz 1.0 X 0 0 0 Eric Lefkofsky 1.0 X 0 0 0 Lyle Logan 1.0 X 0 0 0 Shelley A Longmuir 1.0 X 0 0 0 Daniel TW Lum MD 1.0 X 0 0 0 Patrick M Magoon 40.0 X X 1275634 0 598066 Mitchell J Manassa 1.0 X 0 0 0 John F Manley 1.0 X 0 0 0 Roxanne Martino 1.0 X 0 0 0 Peter D McDonald 1.0 X 0 0 0 Jack L McGinley 1.0 X 0 0 0 Andrew J McKenna 1.0 X 0 0 0 William J McKenna 1.0 X 0 0 0 James J McNulty 1.0 X 0 0 0 Louise C Mills 1.0 X 0 0 0 Robert S Murley 1.0 X 0 0 0 David Neithercut 1.0 X 0 0 0 Leslie Newman 1.0 X 0 0 0 Edward Ogata MD 40.0 X X 2282434 0 44336 Nancy Pacher 1.0 X 0 0 0 Chaka Patterson 1.0 X 0 0 0 Peer Pedersen 1.0 X 0 0 0 Lorna S Pfaelzer 1.0 X 0 0 0 David C Pisor 1.0 X 0 0 0 Ashish Prasad 1.0 X 0 0 0 Seth Prostic 1.0 X 0 0 0 Gerald D Putnam 1.0 X 0 0 0 Mohan Rao Phd 1.0 X 0 0 0 Andrea Redmond 1.0 X 0 0 0 Susan Regenstein 1.0 X 0 0 0 Thomas R Reusche 1.0 X 0 0 0 J Christopher Reyes 7.0 X 0 0 0 Marleta Reynolds MD 1.0 X 0 0 0 Peter C Roberts 1.0 X 0 0 0 Hilary Sallerson 1.0 X 0 0 0 Manuel Sanchez 1.0 X 0 0 0 Deborah M Sawyer 1.0 X 0 0 0 H William Schnaper MD 1.0 X 0 285948 50017 Christopher Segal 1.0 X 0 0 0 Mrs Donald Shoemaker 1.0 X 0 0 0 Stephen A Smith 1.0 X 0 0 0 Thomas S Souleles 1.0 X 0 0 0 Stephen T Steers 1.0 X 0 0 0 Edward S Traisman MD 1.0 X 0 0 0 Monsignor Kenneth Velo 1.0 X 0 0 0 Matthew Walsh 1.0 X 0 0 0 Edward J Wehmer 1.0 X 0 0 0 Brian E Williams 1.0 X 0 0 0 Linda S Wolf 1.0 X 0 0 0 James Wooten Jr 1.0 X 0 0 0 Ms Jia Zhao 1.0 X 0 0 0 Gordon B Bass 40.0 X 1762990 0 36531 Barbara B Bowman 40.0 X 503896 0 31018 Susan H Gordon 40.0 X 295362 0 63189 Monica Heenan 40.0 X 267197 0 26265 Bruce Komiske 40.0 X 475748 0 22296 Stanley B Krok 40.0 X 363161 0 108322 Maureen T Mahoney 40.0 X 254740 0 26204 Maureen Murphy 40.0 X 370708 0 59075 Paula M Noble 40.0 X 517921 0 139612 Michelle M Stephenson 40.0 X 324960 0 58709 Donna S Wetzler 40.0 X 389284 0 96604 Sherwood D Zellermayer 40.0 X 260676 0 28154 Thomas Sullivan 40.0 X 524687 0 77387 Ron H Blaustein 40.0 X 233242 0 31910 Nancy M Borders 40.0 X 233432 0 34983 Morley I Kerschner 40.0 X 223793 0 22253 Edward T Schubnell 40.0 X 214763 0 28218 Philip V Spina 40.0 X 213988 0 43030 10988616 2060871 1862313 272 false true false MORTENSON POWER 25 NW POINT BLVD ELK GROVE VILLAGE IL 60007 CONSTRUCTION 256120624 MCGAW MEDICAL CENTER 303 E CHICAGO AVE CHICAGO IL 60611 PROFESSIONAL MED SVC 15317270 ZIMMER GUNSUL FRASCA 1350 AVENUE OF THE AMERICAS SUITE NEW YORK NY 10019 ARCHITECTS 6736445 CHILDREN'S SURGICAL FOUNDATION 2300 CHILDRENS PLAZA CHICAGO IL 60614 PROF MED SVCS 3858628 ANDERSON MIKOS ARCHITECTS 17W110 22ND ST SUITE 200 OAKBROOK IL 60181 ARCHITECTS 3184669 267 7390062 42303236 1608766 49693298 Patient Care & Program Services 621110 339830398 339830398 Medicare/Medicaid 621110 155043967 155043967 Grants-Fed/State/Agency/Subcontract/Private 621110 39522324 39522324 Reference Lab Revenue 621500 1240008 1235623 4385 Parking Garages 812930 1037912 406271 631641 2603513 1167393 1436120 539278122 12389259 87748 12301511 1224 1224 0 3015661 2440780 574881 574881 1070166 -495285 470717732 479304097 -8586365 -8586365 -8586365 0 0 0 0 593350419 537869871 498404 5288846 28319947 28319947 0 0 0 9488446 3003900 6484546 0 213474866 190692033 22782833 10298820 8490820 1808000 32966942 28218647 4748295 16091485 14240744 1850741 0 1519553 1519553 405999 405999 0 0 4851427 4851427 19114005 11405493 7708512 2232652 1009442 1223210 89417932 89037280 380652 15464386 13298173 2166213 0 9925263 8880473 1044790 955861 563832 392029 0 1832437 1815547 16890 1368402 1190510 177892 0 38633916 36382373 2251543 7936149 7934696 1453 MEDICAL ADMIN & TEACHING 13768921 13768921 Medicaid provider tax 13729114 13729114 Bad debt provision 3681037 3681037 Dues & licenses 3043679 778543 2265136 Board designated expenses 2597223 2597223 8724391 6839700 1884691 549842853 485878448 63964405 0 277812336 148262276 109425109 95284016 24633786 28987889 4719069 4027088 7260852 6569785 1337693748 483686937 674694214 854006811 530256442 572286175 247607370 290191017 76099888 42472873 1952509066 2042087930 119183716 90876396 550776275 550882715 15079468 15079468 161710811 132273382 846750270 789111961 X 568898374 722301893 375900235 390048649 160960187 140625427 1105758796 1252975969 1952509066 2042087930 X 43507566 103709607 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 0 0 true true false true 2342 false false true 522223 false true 57694 582259 false SUPPLEMENTAL INFORMATION 2010 FORM 990 SCHEDULE C To further their collective mission, The Children's Memorial Hospital ("CMH") and its affiliates, by virtue of their role in providing complex care for children, partner with and frequently interact with members of the government in developing policies applicable to children's health and well-being. In 1994, CMH established a Public Policy Committee of the Board of Directors to recommend institutional positions on legislation and regulation that would enable CMH and its affiliates to enhance the health and well-being of children. Over the years, the Public Policy Committee has recommended positions on public policy matters affecting children's health and well-being and to garner government funding to support the exempt activities of CMH and its affiliates and for the development and construction of a new hospital, replacing CMH'S existing facility, to be named "Ann & Robert H. Lurie Children's Hospital of Chicago." This new facility will facilitate CMH's ability to continue to build upon its academic and research ties in a family-centered environment and state-of-the-art facility that will foster the provision of compassionate care. Examples of policy initiatives for which CMH has advocated include: preventing transmission of HIV from mothers to newborns; prevention of childhood injury; prevention of child abuse; prevention of childhood obesity; and improving access to health insurance for children. Read more about our current institutional public positions at: http://www.childrensmemorial.org/newsroom/government-community/policy-posi tions.aspx. In addition, when state and federal legislators or committees need experts to analyze and testify as to how a pending bill would affect children's health in Illinois, they often look to CMH and its affiliates. In recent years, employees, officers and physicians of CMH and its affiliates have testified before elected officials and government policymakers in Washington, DC, Springfield and Chicago on issues ranging from the benefits of children passenger safety and helmet laws to the prevention of concussions in youth, funding for graduate medical education and Medicaid reform. In addition, CMH engages in lobbying activities to seek appropriate Medicaid funding of the substantial services provided by CMH and its affiliates to Medicaid-eligible patients in Illinois. CMH also seeks funding, on a state and federal level, for various initiatives that will enhance patient care. On the federal level, CMH, in connection with other children's teaching hospitals, works to protect and enhance funding for the Medicaid program and graduate medical education for 55 freestanding children's teaching hospitals in the United States. 355075654 4592742 21332401 7066285 373934512 345631973 3257533 10720980 1635773 2899059 355075654 376042568 323812 -18808632 11500978 424797 345631973 0.46930 0.37610 0.15470 false false 39289353 39289353 306370108 254234761 52135347 12181129 8569714 3611415 273454486 220882462 52572024 706398672 0 706398672 854006811 ALTERNATIVE INVESTMENTS 290191017 F 290191017 0 SELF INSURANCE LIABILITY 105342973 DUE TO THIRD PARTIES 5234793 ACCRUED PENSION LIABILITY 17772947 ASSET RETIREMENT COSTS 3428569 LEASE OBLIGATIONS 494100 132273382 INTENDED USES OF ENDOWMENT FUNDS Schedule D, Part V, Line 4 CMH's endowment fund consists of individual donor-restricted endowment funds and funds designated by its Board to function as endowments. The net assets associated with endowment funds, including those funds designated by the Board to function as endowments, are classified and reported based on the existence or absence of donor-imposed restrictions. Effective June 30, 2009, Illinois passed Uniform Prudent Management of Institutional Funds Act ("UPMIFA"). CMh has, after obtaining advice of outside counsel, interpreted UPMIFA as sustaining the preservation 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, Cmh 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) 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 until those amounts are appropriated for expenditure by CMh in a manner consistent with the donor intent and standard of prudence prescribed by UPMIFA. Where the Board designates unrestricted funds to function as endowments they are classified as unrestricted net assets. true Sub-Saharan Africa 0 0 Program Services Medical 20000 South Asia 0 0 Investments 906387 Central America and the Caribbean 0 0 Investments 78485887 Europe (Including Iceland and Greenland) 0 0 Investments 53823041 North America 0 0 Investments 372745 0 0 0 0 133608060 133608060 true false true true true false Organization's Procedures for Monitoring Use of Grant Funds Outside the US Schedule F, Part V Travel grants of $2,500 are provided to third year medical residents that travel to the Bugando Medical Center in the United Republic of Tanzania to provide medical care on a volunteer basis. The travel grants are intended to cover some of the costs related to travel to and from the United Republic of Tanzania, as well as housing and meals while at the Bugando Medical Center. The medical residents are provided $1,250 prior to their departure and $1,250 upon their return to the U.S. true true X true X 300. true X true true false true true 0 1147944 0 1147944 0.00210 0 219957945 176263488 43694457 0.08000 0 0 0 0 0.00000 0 221105889 176263488 44842401 0.08210 0 9435150 0 9435150 0.01730 0 15493437 2873341 12620096 0.02310 0 817097 0 817097 0.00150 0 57022795 11566173 45456622 0.08320 0 7747693 0 7747693 0.01410 0 90516172 14439514 76076658 0.13920 0 311622061 190703002 120919059 0.22130 false 1147944 0 0 0 0 true true 1 1 THE CHILDREN'S MEMORIAL HOSPITAL

2300 CHILDRENS PLAZA BOX 268 CHICAGO IL 606143394

X X X X THE CHILDREN'S MEMORIAL HOSPITAL 1 10 Outpatient Center in Lincoln Park

2515 N Clark Street/467 W Deming Chicago IL 60614

Outpatient Medical Services Outpatient Center in Westchester

2301 Enterprise Dr Westchester IL 60154

Outpatient Medical & Ambulatory Surgical Services Outpatient Center in Glenview

2150 Pfingsten Rd Glenview IL 60025

Outpatient Medical Services Outpatient Center in Westbrook

11301 W Cermak Rd Westchester IL 60154

OutPATIENT MEDICAL SERVICES Outpatient Center in Arlington Heights

880 W Central Rd Suite 6400 Arlington Heights IL 60005

Outpatient Medical Services Outpatient Center in New Lenox

1870 N Silver Cross Blvd Ste 100 New Lenox IL 60451

Outpatient Medical Services Outpatient Center at CDH

25 N WINFIELD ROAD Winfield IL 60190

OUtpatient Medical services Outpatient Center in Lake Forest

900 N Westmoreland Suite 209 Lake Forest IL 60045

Outpatient Medical Services Children's Memorial Uptown Clinic

4867 N Broadway Avenue Chicago IL 60640

Outpatient Medical Services Clinic at Uplift Community School

900 W Wilson Avenue Chicago IL 60640

Outpatient Medical Services Supplemental Information Part I, Line 3c: N/A Part I, line 6a: The Children's Memorial Hospital prepares an annual community benefit report. The report can be found at: http://www.childrensmemorial.org/newsroom/serving-our-communities.aspx. The calculation for "charity care and certain other community benefits at cost" reflects the Form 990 definitions and will not necessarily correspond to calculations prepared for similar state of Illinois reporting requirements and our audited financial statement reporting, each of which may require the use of specified methodologies that may differ from Form 990. Part I, line 7g: Subsidized health services reported in Part I, Line 7g include details from two different community benefit programs of the Children's Memorial Hospital ("CMH"), namely the Uptown Primary Care and Dentistry Clinics. The operating costs attributable to Primary Care and Dentistry clinics are $817,097. Both programs are operated despite financial losses to the organization. The clinics provide healthcare to a largely underserved community. Part I, line 7, column (f): Total expense from Form 990, Part IX, Line 25, column (A) was $549,842,853. The bad debt expense included in this amount was $3,681,037. Therefore, total expense of $546,161,816 was used for purposes of calculating Form 990, Schedule H, Part I, line 7, column (f). Part I, Line 7: Cost to charge ratio is calculated using the total expense reflected in the FY 2011 audited financial statements reduced by community benefits reflected on Schedule H, bad debt, provider tax, and non-patient related activity expenses found in the CMH cost report divided by gross patient charges. Part II: N/A Part III, line 4: CMH considers self-pay as bad debt when a family is not eligible for financial assistance and is unwilling or unable to pay an outstanding account balance. The most common patient bad debt scenarios include unpaid self-pay portions of account balances after insurance or third party assistance payments or unpaid account balances after a bankruptcy filing. CMH is sensitive to the financial health of our patients and their families and recognizes that family financial concerns may not always be shared. At times, a patient may be reluctant to complete a financial assessment to determine their eligibility for charity care. It is possible that because of these circumstances, a portion of bad debt expense could represent patients that are unable to pay and might qualify for financial assistance. However, accurate data to estimate this amount is unavailable. CMH is committed to managing collection efforts in a sensitive and respectful manner. In this regard, CMH sends a minimum of four letters/statements to the families before taking further action. For high balance accounts, CMH will attempt to contact the patient/family by telephone. Should CMH receive no reply, the self-pay balances are sent to a collection agency for further action. With few exceptions, CMH does not credit list its patients or take court action in its attempts to collect the outstanding balances. The allowance for uncollectible accounts at the amount of charges written off (net of contractuals and discounts) is presented as a separate line item on the face of the financial statements. Bad debt expense on Schedule H, Part III, Line 2 is calculated based on aging accounts receivable and applying historical bad debt percentages. Part III, line 8: N/A Part III, line 9b : Collection policies are the same for all CMH patients. If, at any point in the collection process, documentation is received that indicates the patient is potentially eligible for financial assistance but has not applied for it, the account is referred back for a financial assistance review. Through the use of numerous pamphlets, signage and website notices, patients are notified of CMH's financial assistance policy. On receipt of the information, CMH will determine eligibility for financial assistance and notify the patient as quickly as possible. The Hospital does not pursue collection of amounts from patients who are being reviewed for financial assistance eligibility or who are determined to qualify for charity care. In addition, all patients having difficulty paying their bills are directed to financial counselors. The financial counselors will work with patients to qualify them for charity care or government programs such as Medicaid. After a patient meets the qualifications for financial assistance, the account balance is either partially or entirely written off in accordance with our financial assistance policy. If there is any remaining balance, only that balance would be subject to the debt collection policy. If a patient has requested and/or filled out a financial aid application, all debt collection activities stop until eligibility for financial assistance can be determined. Our policy provides that once we have received the necessary documentation we will not refer any accounts for collection until we can determine whether the individual is insured and not eligible for financial assistance. Part III: N/A Part VI, Line 2 Needs Assessment: CMH assesses the health care needs of the larger and diverse community it serves in a variety of ways. Community needs are identified by the CMH board of directors as well as several advisory boards which are comprised of individuals from the community served who are active members of the community and attuned to community needs. For example, CMH has a very active Family Advisory Board which CMH relies upon to assist in making decisions about programming and policies. Family Advisory Board members, comprised of parents of children who have had extensive inpatient and outpatient experiences at CMH, advise administration and medical leadership on patient needs and hospital priorities from the family perspective. Family Advisory Board Members contribute through participation in planning, operating and policy committees of CMH. Similarly, the Kids' Advisory Board is intended to give a voice to children who have been treated at CMH. The Kids' Advisory Board makes recommendations on issues related to patient care from the perspective of a child, teenager and sibling of a patient. CMH also has established a Community Advisory Board for patients/caregivers of HIV-infected children, HIV-infected health care workers and other interested people in the community. This advisory board seeks input and feedback regarding clinic operations and patient needs to improve services and research for all HIV-affected patients at CMH. The Community Advisory Board meets to discuss improvements for the program's services; help in implementing new pediatric, adolescent and perinatal research; review HIV education materials used in the community; and to assess the effectiveness of the CMH HIV/AIDS program. CMH also has established an adolescent community advisory board established to address similar issues, specific to teens with HIV/AIDS. Moreover, CMH has strong relationships with other not-for-profit organizations (such as health clinics and social service agencies) and community leaders who help identify existing community needs and ways to address such needs. CMH is also a leader in pediatric research aimed at advancements in the prevention, diagnosis and treatment of diseases that affect the development of children through adolescence as well as adult disorders that derive from them. Children's Memorial Research Center is one of a few institutions in the U.S. dedicated exclusively to pediatric research. This research aids in the identification of unmet needs faced by the community and, in particular, the children Children's Memorial is privileged to serve. CMH assesses pediatric health needs in the community through its Child Health Data Lab, which provides current and accurate data on the health of children and adolescents throughout Illinois in a readily understandable format. By analyzing health status in particular areas over periods of time, the data lab assists policy-makers and public health planners to identify the health promotion and disease and injury prevention needs in local communities in Illinois. The data lab publishes reports including detailed analyses of child and adolescent injury, death and hospitalization in Illinois by county, and child injury and well-being by Chicago community area. The data lab provides statistical analysis and proposes solutions to address the leading causes of injury for different age groups. The data lab also houses the Illinois health survey which is the first broad-based survey of Illinois youth and adults, designed to provide county-level estimates of a broad range of health conditions for Illinois youth and adults and is intended to guide health policy in Illinois. Based upon all these varied assessments, CMH, in concert with others in the community, strives to address identified needs which it is positioned to assist with, particularly those related to the health and well-being of ch true The Children's Memorial Research Center 2300 Childrens Plaza Chicago IL 60614 363357005 501(C)(3) 2561497 Net asset transfer The Children's Memorial Medical Center 2300 Childrens Plaza Chicago IL 60614 363357004 501(C)(3) 443930 Net Asset Transfer Pediatric Faculty Foundation Inc 2300 Childrens Plaza Chicago IL 60614 363279680 501(C)(3) 7647693 NET ASSET TRANSFER The Children's Memorial Research Center 2300 Childrens Plaza Chicago IL 60614 363357005 501(C)(3) 3152327 FUNDS RELEASED FROM RESTRICTION Pediatric Faculty Foundation Inc 2300 Childrens Plaza Chicago IL 60614 363279680 501(C)(3) 8172773 FUNDS RELEASED FROM RESTRICTION The Children's Memorial Medical Center 2300 Childrens Plaza Chicago IL 60614 363357004 501(C)(3) 299917 Funds released from restriction Children's Surgical Foundation 2300 Childrens Plaza Chicago IL 60614 363283051 501(C)(3) 1041810 ACADEMIC GRANT Ronald McDonald House Charities 622 WEST DEMING PLACE CHICAGO IL 60614 362861369 501(c)(3) 5000000 CONSTRUCTION SUPPORT FOR NEW FACILITY 5 0 Form 990, Schedule I Description of Organization's Procedures for Monitoring the Use of Grants We review all grant funds on a monthly basis. Financial reports are generated monthly and distributed electronically to all fund directors and the Office of Sponsored Projects (OSP) for review. Expenditures are reviewed for appropriateness and against budgetary guidelines by the Finance Office (Fund Accounting). OSP and Fund Accounting work with the investigators to monitor their activity and make sure they are in compliance with the terms of the award. X true true X X X X false true false false false false false true false James Donaldson MD 0 429422 0 86890 0 1987 0 115539 0 20637 0 654475 0 0 Thomas P Green MD 0 463491 0 189408 0 792 0 24500 0 30932 0 709123 0 0 Mary JC Hendrix PhD 0 455307 0 147110 0 516 0 24500 0 20026 0 647459 0 0 Patrick M Magoon 652966 0 587146 0 35522 0 583079 0 14987 0 1873700 0 137833 0 Edward Ogata MD 417187 0 213082 0 1652165 0 19647 0 24689 0 2326770 0 1216586 0 H William Schnaper MD 0 249067 0 36089 0 792 0 24500 0 25517 0 335965 0 0 Gordon B Bass 388372 0 197861 0 1176757 0 18375 0 18156 0 1799521 0 784200 0 Barbara B Bowman 225159 0 91584 0 187153 0 16751 0 14267 0 534914 0 0 0 Susan H Gordon 206164 0 83486 0 5712 0 59376 0 3813 0 358551 0 0 0 Monica Heenan 189588 0 77189 0 420 0 12934 0 13331 0 293462 0 0 0 Bruce Komiske 324884 0 130913 0 19951 0 13365 0 8931 0 498044 0 0 0 Stanley B Krok 248541 0 102951 0 11669 0 86387 0 21935 0 471483 0 0 0 Maureen T Mahoney 177043 0 72124 0 5573 0 13142 0 13062 0 280944 0 0 0 Maureen Murphy 254433 0 103120 0 13155 0 49297 0 9778 0 429783 0 0 0 Paula M Noble 342846 0 173529 0 1546 0 125105 0 14507 0 657533 0 0 0 Michelle M Stephenson 227491 0 92774 0 4695 0 44680 0 14029 0 383669 0 0 0 Donna S Wetzler 256438 0 131159 0 1687 0 80490 0 16114 0 485888 0 0 0 Sherwood D Zellermayer 184485 0 75098 0 1093 0 15011 0 13143 0 288830 0 0 0 Thomas Sullivan 337258 0 173649 0 13780 0 51801 0 25586 0 602074 0 0 0 Ron H Blaustein 185677 0 47414 0 151 0 10558 0 21352 0 265152 0 0 0 Nancy M Borders 202002 0 30997 0 433 0 12850 0 22133 0 268415 0 0 0 Morley I Kerschner 193276 0 27210 0 3307 0 11215 0 11038 0 246046 0 0 0 Edward T Schubnell 177325 0 27000 0 10438 0 18255 0 9963 0 242981 0 0 0 Philip V Spina 184532 0 28723 0 733 0 18867 0 24163 0 257018 0 0 0 Supplemental Compensation Information Schedule J, Part I, Question 1a The organization provides membership in a club and a professional organization used by Patrick Magoon, CMH/CMMC Chief Executive Officer, for business purposes. Such membership is treated by the organization as a working-condition fringe benefit and is, therefore, excluded from the individual's taxable income. The organization provides membership in a professional organization used by Edward Ogata, M.D., Chief Medical Officer, for business purposes. Such membership is treated by the organization as a working-condition fringe benefit and is, therefore, excluded from the individual's taxable income. The organization provides membership in a club used by Thomas Sullivan, President of the Children's Memorial Foundation, for business purposes. Such membership is treated by the organization as a working-condition fringe benefit and is therefore, excluded from the individual's taxable income. Schedule J, Part I, Line 3 Pursuant to the bylaws of The Children's Memorial Medical Center ("CMMC"), the Governance Committee of CMMC is charged to review and approve senior executive compensation for CMMC and its affiliates. The Governance Committee has adopted a written executive compensation philosophy which it follows when it reviews and approves the compensation and benefits of the organization's senior management, including the President/Chief Executive Officer and the other senior managers. The compensation philosophy is subject to periodic review for continued appropriateness by the Governance Committee. With the assistance of a compensation consultant and information from a variety of sources (specified on Schedule J), the Governance Committee confirmed the total amounts to be paid were reasonable and comparable to amounts paid by similarly situated organizations for functionally similar positions. Outside legal counsel also serves an integral role in advising the Governance Committee with respect to federal tax requirements in setting compensation and the establishment of the rebuttable presumption of reasonableness under the federal tax law intermediate sanctions rules. The process followed by the Governance Committee, including a description of the data relied upon and the Governance Committee's decisions, was thoroughly and contemporaneously documented. The Governance Committee has expressly reviewed the reasonableness of all such payments, and has concluded, as the result of a process that is designed to qualify for the rebuttable presumption of reasonableness, that all such amounts are reasonable and do not exceed fair market value for the services provided. The Governance Committee was comprised of members of the Children's Memorial Medical Center and The Children's Memorial Hospital Boards of Directors who were determined to be disinterested for these purposes. The Governance Committee conducts an ongoing, regular review of the disinterested status of its members, and will take appropriate action with respect to anyone having an interest with respect to one or more executives so as to preserve the application of the rebuttable presumption of reasonableness. Schedule J, Part I, Question 4b The following listed individuals participated in the organization's supplemental executive retirement plan ("SERP") and earned unvested benefits during 2010, which are reported in Column (C): James Donaldson, MD $ 93,402 Susan H. Gordon $ 42,786 Stanley B. Krok $ 67,612 Patrick Magoon $448,147 Maureen Murphy $ 30,199 Paula M. Noble $105,908 Michelle M. Stephenson $ 28,163 Donna Wetzler $ 64,327 Benefits earned under the SERP are non-vested forms of deferred compensation that fund the employee's eventual retirement benefit. These benefits are provided in exchange for all of the employee's years of service to the organization, and the cost of the benefits will vary from year to year based on interest rates, age, and many other factors. The amounts are at risk and will not be paid unless and until the employee has provided substantial future services to the organization. Benefits under the SERP vest at age 62 and are forfeited if the employee leaves the organization voluntarily before age 62 (except upon the sole discretion of the Board, and only if the participant has reached at least age 55 with at least 10 years of service). Participants who voluntarily leave the organization before age 55 forfeit their entire SERP benefit upon termination. Also in response to question 4b, the following listed individuals became vested in supplemental retirement benefits under the SERP, and therefore had multi-year SERP benefits included in their taxable income: Gordon Bass, $1,162,035; Barbara Bowman, $185,735; and Edward Ogata, MD $1,623,308. In each case, the vested and taxable amount represents the value of benefits earned over many years of service to the organization, and which became vested and taxable in 2010. These benefits were subject to a substantial risk of forfeiture before 2010. Of the amounts reported on Form 990, the amounts already reported on Forms 990 in prior years were $784,200 for Gordon Bass and $1,216,586 for Dr. Ogata, and these amounts are reported in Schedule J-1, column (F). The Governance Committee of the organization's Board of Directors annually reviews all forms of executive compensation and benefits, including all reported vested and nonvested SERP benefits, and has concluded, as the result of a process that it is designed to qualify for the rebuttable presumption of reasonableness, that total compensation and the benefits provided are reasonable. Schedule J, Part I, Question 7 The organization provides annual incentive compensation to senior management under a senior management incentive compensation plan. These amounts are included in Schedule J, Part II, Column B (ii). The plan is designed to offer opportunities for additional compensation tied to performance against pre-determined financial, patient satisfaction, patient safety and individual goals approved in advance by the Governance Committee of the Children's Memorial Hospital and the Children's Memorial Medical Center, which serves as the Compensation Committee of The Children's Memorial Medical Center, and The Children's Memorial Hospital. Due to the CEO's unique role in setting and driving the long term strategic mission and operational performance of the entire organization, the Governance Committee of the Children's Memorial Hospital and The Children's Memorial Medical Center has established a long term incentive Program ("LTI") under which the CEO, Patrick Magoon, is the sole participant. Mr. Magoon is eligible to earn additional compensation for achievement of very challenging, long term goals that are established in advance by the Governance Committee. The LTI also serves as a retention vehicle since amounts earned are vested on a rolling basis over a multi-year period. During the reporting year and included in schedule J, Part II, column B (ii), are $138,718 of LTI paid to the CEO, and of this amount, $137,833 was previously reported as deferred compensation. The Governance Committee has expressly reviewed the reasonableness of all such payments, and has concluded, as the result of a process that is designed to qualify for the rebuttable presumption of reasonableness under federal tax law, that all such amounts are reasonable and do not exceed fair market value for the services provided. Schedule J, Part II The following individuals are not compensated by the reporting organization for his or her service as a director. Rather, the compensation reported on Form 990, Part VII and on Schedule J, Part II reflects compensation paid by Pediatric Faculty Foundation for the individual's substantial and full-time services as an employee. For more details, please refer to the 2010 Form 990 of Pediatric Faculty Foundation, EIN 36-3279680. Thomas P. Green, MD Mary J.C. Hendrix, PhD H. William Schnaper, MD James Donaldson, MD is not compensated by the reporting organization for his service as a director. Rather, the compensation reported on Form 990, Part VII and on Schedule J, Part II reflects compensation paid by The Children's Memorial Medical Center for the individual's substantial and full-time services as an employee. For more details, please refer to the 2010 Form 990 of The Children's Memorial Medical Center, EIN 36-3357004. Illinois Finance Authority 861091967 45200FGC7 2008-05-15 377043130 SEE SCHEDULE K PART V false false false ILLINOIS FINANCE AUTHORITY 861091967 45200FGR4 2008-05-15 173490000 SEE SCHEDULE K PART V false false false 383717102 14546968 45332159 0 3119559 6305197 314403923 0 2012 false false false true 173514604 0 0 172714594 589202 52764 158044 0 2006 true false true true false false false false true 0.00000 0.00000 0.00000 true false true true true true 0.00000 0.00000 0.00000 true false false false false false false true true false false false false Alexis Baby Family Member of Baine 55926 Employment false AON Case is President/CEO 607478 Insurance Brokerage Services false JPMorgan Chase L.Crown's son is a Dir 1396346 Financial Services false JPMorgan Chase P.Crown's spouse is a Dir 1396346 Financial Services false Sidley Austin LLP Douglas is Ptnr & CoChair 274783 Legal Services false Merge Healthcare Ferro is an Officer 133937 Information Technology Svcs false Northern Trust Logan is an Officer 500726 Financial Services false AON A. McKenna is a Director 607478 Insurance Brokerage Services false Mauricio Santiago Family Member of Ogata 46912 Employment false US Equities Realty Pacher is an Officer 117449 Real Estate Consulting Svcs false Element79 Partners LLC Williams is President/CEO 392194 Advertising Services false X 35 1608766 market false true true Third parties hired to process noncash contributions Schedule M, Part I, line 32b All securities (non-cash donations) are sent directly to Northern Trust. Northern Trust as Custodian and broker sells the securities immediately. For donor recognition purposes, gifts are valued at the median prices on the day the securities are received. For accounting purposes, values are reconciled for any gain/loss on the sale of securities. Description of Relationships Form 990, Part VI, Question 2 *Gregory C. Case has a business relationship with Andrew J. McKenna. *Lester Crown has a family relationship with Paula H. Crown. *William J. McKenna has a family and business relationship with Andrew J. McKenna. *Lyle Logan has a business relationship with Charles H. James III. *William J. Devers Jr. has a business relationship with Andrew J. McKenna *William J. Devers Jr. has a business relationship with Michael W. Ferro Jr. *John M. Crocker Jr. had a business relationship with Bert A. Getz Jr. *Bert A. Getz Jr. has a business relationship with Edward J. Wehmer and Charles H. James III. *Anthony K. Kesman has a business relationship with Daniel J. Hennessy. *Adam A. Kriger has a business relationship with Andrew J. McKenna. *Stephen A. Smith has a business relationship with Peer Pedersen. *Linda S. Wolf and Eric Lefkofsky have a business relationship. Description of Classes of Members or Stockholders Form 990, Part VI, Question 6 THE CHILDREN'S MEMORIAL MEDICAL CENTER ("CMMC") IS THE ORGANIZATION'S SOLE CORPORATE MEMBER. Description of Classes of Persons and the Nature of Their Rights Form 990, Part VI, Question 7a THE ORGANIZATION'S SOLE CORPORATE MEMBER, THE CHILDREN'S MEMORIAL MEDICAL CENTER, HAS CERTAIN RESERVED POWERS, INCLUDING THE POWER TO APPOINT AND REMOVE ALL DIRECTORS OF THE ORGANIZATION. Descr Classes of Persons, Decisions Requiring Appr & Type of Voting Rights Form 990, Part VI, Question 7b THE CHILDREN'S MEMORIAL MEDICAL CENTER, THROUGH ITS BOARD OF DIRECTORS OR DESIGNATED COMMITTEE, AS THE SOLE CORPORATE MEMBER OF THE ORGANIZATION, HAS CERTAIN RESERVE POWERS WITH RESPECT TO APPOINTMENT AND REMOVAL OF DIRECTORS, APPOINTMENT OF CERTAIN OFFICERS, APPROVAL OF AMENDMENTS TO GOVERNING DOCUMENTS, APPROVAL OF FINANCIAL MATTERS, AND APPROVAL OF SIGNIFICANT TRANSACTIONS INCLUDING, BUT NOT LIMITED TO, MERGER, DISSOLUTION, DISPOSITION OF ASSETS OTHER THAN IN THE ORDINARY COURSE OF BUSINESS, AND CREATION OF SUBSIDIARIES. Describe the Process used by Management &/or Governing Body to Review 990 Form 990, Part VI, Question 11B A PUBLIC DISCLOSURE COPY OF THE ORGANIZATION'S FISCAL YEAR 2011 TAX RETURN ("FORM 990") WAS PROVIDED TO EACH MEMBER OF THE ORGANIZATION'S AUDIT COMMITTEE (OF THE BOARD) BEFORE A REGULARLY SCHEDULED AUDIT COMMITTEE MEETING AND BEFORE THE FORM 990 WAS FILED. THE AUDIT COMMITTEE IS THE COMMITTEE OF THE ORGANIZATION CHARGED WITH OVERSIGHT OF AUDIT AND TAX MATTERS. THE AUDIT COMMITTEE WAS PROVIDED A DETAILED OVERVIEW OF THE FORM 990 BY THE CHIEF FINANCIAL OFFICER ("CFO") AND THE ORGANIZATION'S DIRECTOR OF TAX COMPLIANCE. THE CFO AND DIRECTOR OF TAX COMPLIANCE ALSO RESPONDED TO THE AUDIT COMMITTEE MEMBERS' QUESTIONS AND AFFORDED THE OPPORTUNITY FOR DETAILED DISCUSSION OF THE FORM 990, PRIOR TO THE AUDIT COMMITTEE TAKING ACTION TO APPROVE THE FILING OF THE FORM 990. AS PART OF ITS TAX PREPARATION PROCESS, THE ORGANIZATION ON AN ONGOING BASIS CONSULTED ITS TAX CONSULTING FIRM AND OUTSIDE TAX LEGAL COUNSEL, BOTH OF WHICH POSSESS EXPERTISE IN HEALTH CARE AND TAX-EXEMPT RETURN PREPARATION, TO ADVISE AND ASSIST IN THE PREPARATION OF FORM 990. THESE ADVISORS WORKED CLOSELY WITH THE ORGANIZATION'S FINANCE AND INTERNAL LEGAL PERSONNEL AND OTHER MEMBERS OF THE ORGANIZATION'S TEAM ASSEMBLED TO PARTICIPATE IN THE PREPARATION OF THE FORM 990. PRIOR TO PRESENTING THE FORM 990 TO THE BOARD'S AUDIT COMMITTEE, THE ORGANIZATION'S TEAM, INCLUDING ITS ADVISORS, MET FREQUENTLY TO DISCUSS AND REVIEW DRAFTS OF THE FORM. Description of Process to Monitor Transactions for Conflicts of Interest Form 990, Part VI, Question 12c ON AN ANNUAL BASIS, THE CHILDREN'S MEMORIAL MEDICAL CENTER AND ITS AFFILIATES ("CMMC") PROVIDE A COMPREHENSIVE QUESTIONNAIRE TO ITS BOARD MEMBERS, SENIOR MANAGEMENT AND PURCHASING PERSONNEL POSING QUESTIONS ABOUT ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. CMMC INITIATES FOLLOW UP CONTACT TO THOSE WHO DO NOT RESPOND AND TO CLARIFY RESPONSES, WHERE NECESSARY. CMMC REVIEWS EACH DISCLOSURE AND PROVIDES A SUMMARY OF RELEVANT DISCLOSURES FOR THE REVIEW AND APPROVAL OF ITS GOVERNANCE COMMITTEE. Pursuant to the Conflicts of Interest Policy of The Children's Memorial Medical Center and affiliates ("Corporation"), directors, officers, physician leaders, and others who are subject to the policy are required to promptly and fully disclose in writing any actual, apparent or potential conflict of interest to the President of the Corporation and General Counsel. This disclosure shall be provided to the Governance Committee of the Corporation which shall consider all conflicts of interest issues and, if appropriate, shall provide such written disclosure to the Directors, Board committees considering the proposed transaction or other appropriate parties. In addition, on an annual basis, the Corporation surveys each individual subject to the policy as to the existence of actual or potential conflicts of interest. The Corporation will not enter into an agreement, transaction or other arrangement involving a conflict of interest unless the disinterested members of the Governance Committee of the Corporation's Board of Directors determine by a majority vote that appropriate safeguards to protect the charitable mission of the Corporation have been implemented. The subject interested person may not be present when the vote is taken. If it is determined that a conflict of interest exists, a disinterested person or committee of disinterested members may be assigned to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the Board or committee shall determine whether the Corporation can obtain a more advantageous transaction or arrangement, with reasonable efforts, from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably attainable under circumstances that would not give rise to a conflict of interest, the Board or committee shall determine by a majority vote of the disinterested directors whether the transaction is in the Corporation's best interest and for its own benefit and whether the transaction is fair and reasonable to the Corporation, and shall make its decision as to whether to enter into the transaction or arrangement. Offices & Positions for Which Process was Used, & Year Process was Begun Form 990, Part VI, Question 15a & 15b The authority to review and approve executive compensation has been delegated to the Governance Committee of the Children's Memorial Medical Center board of directors ("Governance Committee"). The Governance Committee has adopted a written executive compensation philosophy which it follows when it reviews and approves the compensation and benefits of the organization's senior management, including the President/Chief Executive Officer and the other senior managers. The compensation philosophy is subject to periodic review for continued appropriateness by the Governance Committee. With the assistance of a compensation consultant and information from a variety of external sources (specified on schedule J), the Governance Committee confirmed the total amounts to be paid were reasonable and comparable to amounts paid by similarly situated organizations for functionally similar positions. Outside Legal counsel also serves an integral role in advising the Governance Committee with respect to federal tax requirements in setting compensation and the establishment of the rebuttable presumption of reasonableness. The process followed by the Governance Committee, including a description of the data relied upon and the Governance Committee's decisions, was thoroughly and contemporaneously documented. The Governance Committee has expressly reviewed the reasonableness of all such payments, and has concluded, as the result of a process that is designed to qualify for the rebuttable presumption of reasonableness under federal tax law, that all such amounts are reasonable and do not exceed fair market value for the services provided. The Governance Committee was comprised of members of The Children's Memorial Medical Center and The Children's Memorial Hospital Boards of Directors who were determined disinterested for these purposes. The Governance Committee conducts an ongoing and periodic review of the disinterested status of its members, and will take appropriate action with respect to anyone having an interest with respect to one or more executives so as to preserve the application of the rebuttable presumption of reasonableness. Avail of Gov Docs, Conflict of Interest Policy, & Fin Stmts to Gen Public Form 990, Part VI, Question 19 THE ORGANIZATION'S FINANCIAL STATEMENTS ARE PUBLICLY AVAILABLE ONLINE AT WWW.DACBOND.COM. THE ORGANIZATION'S ARTICLES OF INCORPORATION AND ANNUAL REPORTS ARE AVAILABLE THROUGH THE ILLINOIS SECRETARY OF STATE. THE ORGANIZATION ALSO MAKES ITS GENERAL GOVERNING DOCUMENTS AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. AVG. HOURS WORKED FOR RELATED ORGANIZATIONS FORM 990, PART VII, SECTION A, LINE 1A THE FOLLOWING INDIVIDUALS ARE EMPLOYEES OF THE CHILDREN'S MEMORIAL HOSPITAL AND GENERALLY WORK 40 HOURS PER WEEK. APPROXIMATELY 2 HOURS OF ADDITIONAL TIME EACH WEEK IS SPENT PROVIDING SERVICES TO RELATED ORGANIZATIONS: PATRICK M. MAGOON PAULA M. NOBLE EDWARD OGATA, MD THOMAS SULLIVAN DONNA S. WETZLER SHERWOOD D. ZELLERMAYER THE FOLLOWING INDIVIDUAL IS AN EMPLOYEE OF THE CHILDREN'S MEMORIAL MEDICAL CENTER AND GENERALLY WORKS 40 HOURS PER WEEK. APPROXIMATELY 10 HOURS OF HIS REGULAR WORK WEEK IS SPENT PROVIDING SERVICES TO RELATED ORGANIZATIONS: JAMES DONALDSON, MD THE FOLLOWING INDIVIDUALS ARE EMPLOYEES OF PEDIATRIC FACULTY FOUNDATION AND GENERALLY WORK 40 HOURS PER WEEK. APPROXIMATELY 2 HOURS OF ADDITIONAL TIME EACH WEEK IS SPENT PROVIDING SERVICES TO RELATED ORGANIZATIONS: THOMAS P. GREEN, MD MARY J.C. HENDRIX, PHD H. WILLIAM SCHNAPER, MD OTHER CHANGES IN NET ASSETS OR FUND BALANCES FORM 990, PART XI, LINE 5 Net unrealized gains on investments 84,841,236 Grants released from restrictions 1,910,282 Other (restricted) 222,653 Pension adjustment 14,000,336 Founders' Board Activities 311,764 Change in fair value of perpetual trusts 2,423,336 ---------- 103,709,607 Tax-exempt Bonds Description of Purpose Form 990 Schedule K Part I Bond 1: Illinois Finance Authority Revenue Bonds, Series 2008 A/B, The Children's Memorial Hospital (borrower) The proceeds of the sale of the series 2008 A/B bonds will be used to (i) Pay or reimburse the borrower for the payment of a portion of the costs of acquiring, constructing and equipping the Ann & Robert H. Lurie Children's Hospital of Chicago ("Lurie children's"), (ii) pay a portion of the interest on the series 2008 A/B bonds during the period of construction of Lurie Children's, (iii) fund a debt service reserve fund for the series 2008 B bonds, and (iv) pay certain expenses incurred in connection with the issuance of the series 2008 A/B bonds. Bond 2: Illinois Finance Authority Revenue Bonds, Series 2008 C/D The Children's Memorial Hospital (borrower) The borrower utilized the proceeds of the series 2008 C/D bonds to (i) refund the outstanding principal amount of the series 1999 B-1 bonds (issued: 9/1/99), 1999 B-2 bonds (issued: 9/1/99), 2003 A bonds (issued: 11/18/03), 2003 B bonds (issued: 11/18/03) and 2004 bonds (issued: 4/14/04) and, (ii) pay certain expenses incurred in connection with the issuance of the series 2008 C/D bonds. Form 990 Schedule K Part I Line 3 Bond 1: The amount of $383,717,102 reported in Part I Line 3, includes total issue proceeds of $377,043,130 and investment income of $6,673,972. Bond 2: The amount of $173,514,604 reported in Part I Line 3, includes total issue proceeds of $173,513,033 and investment income of $1,571. Form 990 Schedule K Part II Line 9 Working capital expenditure includes monies remaining from the initial allocation of bonds towards bond issuance costs (and placed in the Expense Funds) that were then transferred per the requirements of the bond documents and used towards interest payments. The Children's Memorial Research Center 2300 Childrens Plaza Chicago IL 60614 363357005 RESEARCH IL 501(c)(3) 4 CMMC The Children's Memorial Foundation 2300 Childrens Plaza Chicago IL 60614 363357006 FUNDRAISING IL 501(c)(3) 7 CMMC The Children's Memorial Medical Center 2300 Childrens Plaza Chicago IL 60614 363357004 HEALTH CARE IL 501(c)(3) 11 III-FI NA Pediatric Faculty Foundation Inc 2300 Childrens Plaza Chicago IL 60614 363279680 HLTH CRE/RSCH IL 501(c)(3) 11 III-FI CMMC CMH Self Insurance Foundation 2300 Childrens Plaza Chicago IL 60614 366638400 INSURANCE IL 501(c)(3) 11 III-FI CMMC MCGAW MEDICAL CTR OF NORTHWESTERN UNIV 645 NORTH MICHIGAN AVE 1058 CHICAGO IL 60611 362656113 SUPPORTNG ORG IL 501(C)(3) 11 III-FI NA CMMC Insurance Co LTD 2300 Childrens Plaza CHICAGO IL 60614 000000000 SELF INSURANCE CJ NA CORPORATION false true true false false false false false true false false false false false true true false false