2023-11-14T19:28:39-06:00 2022-12-31 135565207 KPMG LLP 90 S 7TH ST STE 4200 MINNEAPOLIS MN 55402 990 2022-01-01 411814223 CHILDREN'S HEALTH CARE FOUNDATION CHIL 6128136000 2525 CHICAGO AVENUE SOUTH MINNEAPOLIS MN 55404 BRENDA MCCORMICK SVP & CFO 6128136000 2023-11-14 1 BRENDA MCCORMICK 999009999 0 HOLLY MOEN P01800653 6123055000 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z BRENDA MCCORMICK 2525 CHICAGO AVENUE SOUTH MINNEAPOLIS MN 55404 35720215 0 X WWW.CHILDRENSMN.ORG X 1995 MN THE FOUNDATION CHAMPIONS RAISING FUNDS IN SUPPORT OF SPECIAL HEALTH NEEDS OF CHILDREN. 33 29 27 84 0 0 14493222 18769264 0 0 6199806 479143 4745408 5011041 25438436 24259448 13581067 15326496 0 0 2356744 2676877 399734 733556 3205299 1879170 1647295 18216715 20384224 7221721 3875224 90729243 87926238 3396014 4119734 87333229 83806504 X CHILDREN'S HEALTH CARE FOUNDATION SUPPORTS THE MISSION OF CHILDREN'S HEALTH CARE BY RAISING FINANCIAL RESOURCES FROM THE COMMUNITY THAT ARE LEVERAGED TO PROVIDE HIGH-QUALITY, FAMILY CENTERED PEDIATRIC HEALTHCARE. 0 0 13596846 13596846 5186000 PROGRAM: CHILDREN'S HEALTH CARE FOUNDATION (THE FOUNDATION) SUPPORTS THE MISSION OF CHILDREN'S HEALTH CARE DBA CHILDREN'S HOSPITALS AND CLINICS (CHILDREN'S), BY OBTAINING FINANCIAL RESOURCES THAT ARE LEVERAGED TO CHAMPION THE SPECIAL NEEDS OF CHILDREN AND THEIR FAMILIES AND TO IMPROVE CHILDREN'S HEALTH BY PROVIDING HIGH-QUALITY, FAMILY CENTERED PEDIATRIC SERVICES. THE FOUNDATION IS THE FUNDRAISING ARM FOR CHILDREN'S, WHICH FORMED IN 1924, AND IS ONE OF THE LARGEST CHILDREN'S HEALTH CARE ORGANIZATIONS IN THE U.S., WITH 451 STAFFED BEDS AT OUR TWO HOSPITAL CAMPUSES IN ST PAUL AND MINNEAPOLIS. SEE SCHEDULE O. 804985 804985 0 CAPITAL: CAPITAL SUPPORT PROVIDES FUNDS TO PURCHASE EQUIPMENT AND RELATED SUPPLIES AND SERVICES, OR TO MAKE CAPITAL IMPROVEMENTS. SUCH ACTIVITIES MUST 1) ADVANCE THE MISSION OF CHILDREN'S AND 2) HAVE POTENTIAL FOR SIGNIFICANT OR LONG-TERM IMPACT. 924665 924665 0 RESEARCH: THE PURPOSE OF FUNDING RESEARCH AT THE CHILDREN'S HEALTH CARE IS TO SUPPORT A SYSTEMATIC INVESTIGATION, INCLUDING RESEARCH DEVELOPMENT, TESTING, AND EVALUATION, DESIGNED TO DEVELOP OR CONTRIBUTE TO GENERALIZED KNOWLEDGE. CURRENTLY, CHILDREN'S HAS MORE THAN 403 ONGOING RESEARCH STUDIES AND PROGRAMS. 15326496 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 0 0 0 0 0 0 1 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 X 3 0 1 27 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 33 29 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X BRENDA MCCORMICK SVP & CFO 6128136000 2525 CHICAGO AVENUE SOUTH MINNEAPOLIS MN 55404 MARC GORELICK MD PRESIDENT & CEO 1.00 49.00 X X 0 1935831 42171 BRENDA MCCORMICK SVP & CFO 1.00 49.00 X X 0 962479 45702 ANDREW PUGH SVP CHIEF LEGAL OFFICER 1.00 49.00 X X 0 506040 41189 JENNIFER SODERHOLM CDO & FOUNDATION PRESIDENT 32.00 18.00 X X 306860 418016 29588 ANN MCGARRY BOARD MEMBER 1.00 0.00 X 0 0 0 BRIAN BEH BOARD MEMBER, TREASURER 1.00 0.00 X X 0 0 0 CHARLES MAXWELL BOARD MEMBER, PAST CHAIR 1.00 0.00 X X 0 0 0 CHRIS HEDBERG BOARD MEMBER, CHAIR 1.00 1.00 X X 0 0 0 GARY BLACKFORD BOARD MEMBER 1.00 3.00 X 0 0 0 GREG FRANKENFIELD FORMER BOARD MEMBER THRU 1/22 1.00 0.00 X 0 0 0 ISMAT AZIZ FORMER BOARD MEMBER THRU 11/22 1.00 0.00 X 0 0 0 JAY CAVANAGH BOARD MEMBER 1.00 0.00 X 0 0 0 JERYN KONEZNY BOARD MEMBER 1.00 0.00 X 0 0 0 MARIA TROJE BOARD MEMBER 1.00 0.00 X 0 0 0 MARTY BASSETT BOARD MEMBER 1.00 0.00 X 0 0 0 MICHAEL CIRESI FORMER BOARD MEMBER THRU 1/22 1.00 0.00 X 0 0 0 MOLLY BIEDENFELD BOARD MEMBER 1.00 0.00 X 0 0 0 MONIQUE DEWOLF BOARD MEMBER 1.00 0.00 X 0 0 0 NESTOR JARAMILLO BOARD MEMBER 1.00 0.00 X 0 0 0 NICO WYROBEK BOARD MEMBER 1.00 0.00 X 0 0 0 NICOLE JOHNSON BOARD MEMBER 1.00 0.00 X 0 0 0 REBECCA LIEBERMAN BOARD MEMBER, VICE CHAIR 1.00 0.00 X X 0 0 0 RUSSELL BECKER BOARD MEMBER 1.00 0.00 X 0 0 0 SHANNON EVENSTAD FORMER BOARD MEMBER THRU 11/22 1.00 0.00 X 0 0 0 SHARON MURPHY GARBER BOARD MEMBER 1.00 0.00 X 0 0 0 STEVE HOCKETT BOARD MEMBER 1.00 0.00 X 0 0 0 JERRY BLACKWELL FORMER BOARD MEMBER THRU 2/22 1.00 0.00 X 0 0 0 JACQUELINE LLOYD CUNNINGHAM BOARD MEMBER 1.00 0.00 X 0 0 0 SIMONE HARDENMAN-JONES BOARD MEMBER 1.00 0.00 X 0 0 0 ERIN HERMAN BOARD MEMBER 1.00 0.00 X 0 0 0 SHANNON KING BOARD MEMBER 1.00 0.00 X 0 0 0 MIKKO KOIVU FORMER BOARD MEMBER THRU 5/22 1.00 0.00 X 0 0 0 PAUL LAPADAT BOARD MEMBER 1.00 0.00 X 0 0 0 CHAD POITRA FORMER BOARD MEMBER THRU 5/22 1.00 0.00 X 0 0 0 MARA RYAN BOARD MEMBER 1.00 0.00 X 0 0 0 TAWNYA STEWART BOARD MEMBER 1.00 0.00 X 0 0 0 MAY THAO-SCHUCK BOARD MEMBER 1.00 0.00 X 0 0 0 RENEE TREBERG FORMER BOARD MEMBER THRU 5/22 1.00 0.00 X 0 0 0 JAMES WEED BOARD MEMBER 1.00 0.00 X 0 0 0 WALTER WHITE BOARD MEMBER 1.00 0.00 X 0 0 0 ARCHELLE GEORGIOU BOARD MEMBER AS OF 5/22 1.00 3.00 X 0 0 0 ANNIE WATERS VP FOUNDATION OPERATIONS 50.00 0.00 X 331984 0 28992 JOSLYN BIEVER VP PHILANTHROPY 50.00 0.00 X 284113 0 22257 DANIEL LANTZ SR MGR GIFT ADMIN & IT 50.00 0.00 X 129501 0 33409 TERI CANNON DIRECTOR OF DEVELOPMENT 50.00 0.00 X 120173 0 32632 JASON ZOTALIS SR MAJOR GIFT OFFICER 50.00 0.00 X 111768 0 32130 ASHLEY LAWSON SR MAJOR GIFT OFFICER 50.00 0.00 X 111246 0 14431 BRADY GERVAIS MAJOR GIFT OFFICER 50.00 0.00 X 108116 0 13496 1503761 3822366 335997 9 0 1 0 BEEVENTS LLC 2131 BROADWAY STREET NE MINNEAPOLIS MN 55413 EVENT DESIGN 306110 AMHERST H WILDER FOUNDATION 451 LEXINGTON PARKWAY N ST PAUL MN 55104 CONSULTING 168600 INFINITY OF MINNESOTA 13220 COUNTY ROAD 6 SUITE 200 PLYMOUTH MN 55441 DIRECT MAIL APPEAL 146549 3 2848129 18631 15902504 18769264 2420564 2420564 8842657 10784078 -1941421 -1941421 -1941421 471997 2848128 661323 -189326 -189326 29733 15366 14367 14367 FUNDRAISING SERV REV 561499 5186000 5186000 5186000 24259448 5186000 0 304184 15326496 15326496 1191915 458359 733556 1605349 283979 1321370 445102 134293 310809 168067 35516 132551 208944 101878 107066 300350 300350 206647 13645 193002 130428 109406 21022 8170 1248 6922 26267 26267 27027 22525 4502 PURCHASED SERVICES 506756 506756 BANK CHARGES 91158 91158 OTHER EXPENSES 57803 29007 28796 DUES & LICENSES 57533 41792 15741 26212 22867 3345 20384224 15326496 1852429 3205299 1744016 2556761 0 0 7724825 12340015 0 0 0 0 0 0 0 0 0 0 0 0 1188580 1140500 75107 48080 50626170 38517151 30471124 34455057 0 0 0 0 88001 9174 90729243 87926238 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3396014 4119734 3396014 4119734 X 0 0 87333229 83806504 87333229 83806504 90729243 87926238 X 3875224 -7350592 864266 -915623 X 0 1 X 1 0 X 17078185 12374111 8663072 14493222 18877264 71485854 17078185 12374111 8663072 14493222 18877264 71485854 9948485 61537369 1524621 2380452 1045692 1278661 2420564 8649990 536951 410505 54018 86415 501730 1589619 81725463 25005071 0.75300 0.77390 X FORM 990, SCHEDULE A, PART II: AMOUNTS INCLUDED IN OTHER INCOME RELATE TO GROSS RECEIPTS FROM FUNDRAISING ACTIVITIES AS WELL AS SPECIAL EVENT AUCTIONS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 67163421 933047 -7440537 2297608 58358323 57700389 2426002 8789317 1752287 67163421 54094960 245656 4804884 1445111 57700389 46945164 2505599 6283754 1639557 54094960 46500054 2729434 -689181 1595143 46945164 0.31190 0.68810 0.00000 1 0 981513 933433 48080 207067 207067 0 48080 INVESTMENTS IN LIMITED PSHIPS 34455057 F 34455057 CRT RESERVE 157301 CGA LIABILITY 139483 INTERCOMPANY PAYABLE 3822950 4119734 X PART X, LINE 2: THE IRS HAS DETERMINED THAT CHILDREN'S AND ITS SUBSIDIARIES, EXCEPT FOR CHN AND CHME, WHICH ARE TAXABLE NOT-FOR-PROFIT CORPORATIONS UNDER THE MINNESOTA NOT-FOR-PROFIT CORPORATIONS ACT, ARE EXEMPT ORGANIZATIONS AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. FOR THOSE TAX-EXEMPT ORGANIZATIONS, CHILDREN'S BELIEVES THAT IT CONTINUES TO MEET THE REQUIREMENTS OF THE IRC TO SUSTAIN ITS TAX-EXEMPT STATUS. IN ACCORDANCE WITH ASC SUBTOPIC 740-10, INCOME TAXES - OVERALL, CHILDREN'S RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. RECOGNIZED INCOME TAX POSITIONS ARE MEASURED AT THE LARGEST AMOUNT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED. CHANGES IN RECOGNITION OR MEASUREMENT ARE REFLECTED IN THE PERIOD IN WHICH THE CHANGE IN JUDGMENT OCCURS. MANAGEMENT DETERMINED THERE WERE NO MATERIAL INCOME TAX POSITIONS FOR THE YEARS ENDED DECEMBER 31, 2022 OR 2021. CHILDREN'S IS NOT SUBJECT TO AN INCOME TAX EXAMINATION FOR YEARS BEFORE 2019. MN STAR GALA 3007567 2606064 401503 9909 1400 148916 9650 437707 CHILDREN'S GOLF 312558 242064 70494 9800 2500 15692 25749 3320125 2848128 471997 19709 3900 164608 9650 463456 661323 -189326 29733 15366 0 29733 15366 15366 14367 MN 0 CHILDREN'S HEALTH CARE FOUNDATION IS NOT LICENSED TO CONDUCT GAMING BUT RATHER SUBMITS AN APPLICATION FOR AN EXEMPT PERMIT WITH THE STATE OF MN FOR EACH GAMING ACTIVITY. 0 0 0 0.00000 1.00000 LISA MASTERSON 2525 CHICAGO AVENUE S MINNEAPOLIS MN 55404 0 ANNIE WATERS 360976 ADMINISTRATION X 0 1 CHILDREN'S HEALTH CARE 2525 CHICAGO AVENUE SOUTH MINNEAPOLIS MN 554040000 411754276 501(C)(3) 14513471 761558 FMV TOYS & OTHER ITEMS HEALTHCARE WILD ABOUT CHILDREN 317 WASHINGTON STREET SAINT PAUL MN 55102 900518400 501(C)(3) 12500 0 FMV SPONSORSHIP CHILDREN'S CLINIC NETWORK 2525 CHICAGO AVENUE SOUTH MINNEAPOLIS MN 554040000 453765330 501(C)(3) 38967 0 FMV HEALTHCARE 3 0 PART I, LINE 2: DURING CALENDAR YEAR 2022, GRANTS WERE MADE TO CHILDREN'S HEALTH CARE ("CHILDREN'S") FOR SUPPORT OF PROGRAMS, RESEARCH AND CAPITAL. SINCE THESE GRANTS WERE MADE TO CHILDREN'S, A RELATED ORGANIZATION OF THE FOUNDATION, EMPLOYEES OF THE FOUNDATION WERE ABLE TO VERIFY THE USE OF THE MONIES CONTRIBUTED. ALSO, OCCASIONALLY THE FOUNDATION GRANTS MONIES TO OTHER TAX-EXEMPT ORGANIZATIONS CONDUCTING PROGRAMS AND/OR RESEARCH THAT WILL ULTIMATELY BENEFIT THOSE SERVED BY CHILDREN'S AND AFFILIATES. 0 1 0 0 0 0 0 0 0 MARC GORELICK MD PRESIDENT & CEO 0 1169891 0 746536 0 19404 0 18300 0 23871 0 1978002 0 0 BRENDA MCCORMICK SVP & CFO 0 618281 0 250618 0 93580 0 18300 0 27402 0 1008181 0 83200 JENNIFER SODERHOLM CDO & FOUNDATION PRESIDENT 27880 418016 192738 0 86242 0 18300 0 11288 0 336448 418016 80019 0 ANDREW PUGH SVP CHIEF LEGAL OFFICER 0 404631 0 97930 0 3479 0 18300 0 22889 0 547229 0 0 ANNIE WATERS VP FOUNDATION OPERATIONS 238598 0 81292 0 12094 0 18300 0 10692 0 360976 0 11312 0 JOSLYN BIEVER VP PHILANTHROPY 207675 0 76150 0 288 0 6988 0 15269 0 306370 0 0 0 DANIEL LANTZ SR MGR GIFT ADMIN & IT 113623 0 15813 0 65 0 8316 0 25093 0 162910 0 0 0 TERI CANNON DIRECTOR OF DEVELOPMENT 113800 0 6373 0 0 0 7577 0 25055 0 152805 0 0 0 PART I, LINE 3 THE FOUNDATION RELIES ON CHILDREN'S HEALTH CARE, THE PARENT OF THE FOUNDATION, TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S CEO. CHILDREN'S HEALTH CARE USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE CEO: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. PART-I LINE-4B CERTAIN EMPLOYEES OF CHILDREN'S HEALTH CARE, PARENT OF CHILDREN'S FOUNDATION, ARE PROVIDED THE OPPORTUNITY TO PARTICIPATE IN THE 457(F) DEFERRAL PLAN (THE DEFERRAL PLAN). THE DEFERRAL PLAN REQUIRES THAT THE EMPLOYEE IS A PHYSICIAN OR EXECUTIVE AND IS A .5 FTE OR MORE IN ORDER TO BE ELIGIBLE TO PARTICIPATE IN THE DEFERRAL PLAN. PAYMENTS FROM THE DEFERRAL PLAN OCCUR AT VESTING AND ARE BASED ON PERCENTAGE OF SALARY. THE FOLLOWING AMOUNTS REPRESENT THE AMOUNT PAID UNDER THE DEFERRAL PLAN IN 2022: BRENDA MCCORMICK - $83,200 JENNIFER SODERHOLM - $80,019 ANNIE WATERS - $11,312 FORM 990, PART III, LINE 4A AS AN INDEPENDENT, NOT-FOR-PROFIT HEALTH CARE SYSTEM, CHILDREN'S PROVIDES CARE THROUGH 14,023 INPATIENT ADMISSIONS, 76,905 EMERGENCY ROOM VISITS AND CARED FOR 391,098 PRIMARY CARE, SPECIALTY CARE AND REHAB VISITS IN 2021. THE THREE LARGEST SERVICES THAT THE FOUNDATION PROVIDES ARE TO FUND CAPITAL EXPENSES, RESEARCH AND ANNUAL EXPENSES FOR PROGRAMS. THESE FUNDS ARE TRANSFERRED TO CHILDREN'S THROUGHOUT THE YEAR AND PROVIDE NEEDED SUPPORT TO CHAMPION THE SPECIAL HEALTH NEEDS OF CHILDREN. PROGRAMS: ANNUAL OPERATIONS SUPPORT FOR PROGRAMS SUPPORT EXPERT INTERDISCIPLINARY TEAMS OF PHYSICIANS, NURSES, AND HEALTH CARE PROFESSIONALS ABLE TO ADDRESS THE MOST COMPLEX AND DIFFICULT PEDIATRIC MEDICAL PROBLEMS. A MAJORITY OF PROGRAM SUPPORT IS PROVIDED TO NON-REIMBURSABLE SERVICES THAT ARE ESSENTIAL IN THE HEALING PROCESS FOR CHILDREN AND FAMILIES. FORM 990, PART V, LINE 1C: PAYMENTS TO VENDORS ARE MADE FROM CHILDREN'S HEALTH CARE, INC., THEREFORE NO FORM 1099S ARE ISSUED BY CHILDREN'S HEALTH CARE FOUNDATION OTHER THAN FORM 1099-RS. CHILDREN'S HEALTH CARE, INC. FILES THE FORM 1099S AND COMPLIES WITH THE BACKUP WITHHOLDING RULES FOR REPORTABLE PAYMENTS TO KEY EMPLOYEES AND HIGHEST COMPENSATED EMPLOYEES. THE 1099S ISSUED BY CHILDREN'S HEALTH CARE, INC. ON BEHALF OF CHILDREN'S HEALTH CARE FOUNDATION ARE REPORTED TO THE IRS. FORM 990, PART VI, SECTION A, LINE 6 THE FOUNDATION HAS A SOLE MEMBER, CHILDREN'S HEALTH CARE, A MINNESOTA NONPROFIT CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A THE FOUNDATION'S SOLE MEMBER, CHILDREN'S HEALTH CARE, IS AUTHORIZED UNDER THE FOUNDATION'S BYLAWS TO ELECT DIRECTORS OF THE FOUNDATION, AFTER APPROVAL BY THE BOARD OF DIRECTORS OF THE FOUNDATION. FORM 990, PART VI, SECTION A, LINE 7B THE FOUNDATION'S SOLE MEMBER, CHILDREN'S HEALTH CARE, INC., MAINTAINS A NUMBER OF RESERVED POWERS INCLUDING BUT NOT LIMITED TO ELECTION OF DIRECTORS, APPROVAL OF ANNUAL BUDGETS, APPROVAL OF AMENDMENTS TO THE ARTICLES OF INCORPORATION AND BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B THE SENIOR MANAGEMENT OF CHILDREN'S HEALTH CARE, THE PARENT OF THE FOUNDATION, REVIEWS THE DRAFT FORM 990 WITH THE AUDIT AND COMPLIANCE COMMITTEE OF THE GOVERNING BODY OF THE FOUNDATION AND CHILDREN'S HEALTH CARE, THE PARENT OF THE FOUNDATION, PRIOR TO THE FILING OF THE FORM. THIS REVIEW INCLUDES AN OVERVIEW OF THE FORM AND DISCUSSIONS RELATED TO KEY SECTIONS. COPIES OF THE FINAL FORM 990 ARE MADE AVAILABLE TO MEMBERS OF THE COMMITTEE AND ALL THE FOUNDATION'S DIRECTORS PRIOR TO THE FORM BEING FILED. THE AUDIT AND COMPLIANCE COMMITTEE HAS BEEN DELEGATED THE AUTHORITY TO OVERSEE THE COMPLETION AND FILING OF THE FORM 990 BY THE FULL FOUNDATION BOARD, AND THE COMMITTEE REPORTS THE RESULTS OF ITS REVIEW AND APPROVAL TO THE FULL BOARD AT A REGULARLY SCHEDULED BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C MANAGEMENT OF CHILDREN'S HEALTH CARE, THE PARENT OF THE FOUNDATION, ENSURES THAT CONFLICT OF INTEREST DISCLOSURE FORMS ARE COMPLETED BY ALL MEMBERS OF THE GOVERNING BODY AND BOARD COMMITTEES AT LEAST ANNUALLY. FORMS ARE COMPLETED AT THE BEGINNING OF THE YEAR, AND DIRECTORS AND COMMITTEE MEMBERS ARE INSTRUCTED TO PROVIDE ADDITIONAL DISCLOSURES IF NECESSARY DURING THE COURSE OF THE YEAR. THE GOVERNANCE COMMITTEE OF THE GOVERNING BODY OF CHILDREN'S HEALTH CARE, ALONG WITH SENIOR MANAGEMENT (CEO AND GENERAL COUNSEL) OF CHILDREN'S HEALTH CARE, REVIEW ALL DISCLOSURES PROVIDED BY GOVERNING BOARD MEMBERS. THE RESULTS OF THIS REVIEW AND ANY CONCERNS, LIMITATIONS, ETC. ARE REPORTED BY THE GOVERNANCE COMMITTEE TO THE FULL BOARD. IF CONFLICTS ARE IDENTIFIED, THE GOVERNANCE COMMITTEE AND MANAGEMENT WORK TO ENSURE THAT DIRECTORS DO NOT PARTICIPATE IN DISCUSSION OR VOTING ON THE AFFECTED MATTER. FORM 990, PART VI, SECTION B, LINE 15 CHILDREN'S HEALTH CARE, THE PARENT OF THE FOUNDATION, FOLLOWS THE REQUIREMENTS SET FORTH IN THE IRS REBUTTABLE PRESUMPTION OF REASONABLENESS IN DETERMINING COMPENSATION FOR THE PRESIDENT AND OTHER OFFICERS AND EXECUTIVE LEADERS OF THE FOUNDATION. THIS FUNCTION IS PERFORMED BY THE COMPENSATION COMMITTEE OF THE GOVERNING BOARD OF CHILDREN'S HEALTH CARE, WHICH IS COMPOSED OF ONLY INDEPENDENT DIRECTORS. THE PROCESS INCLUDES REVIEW OF COMPARABILITY DATA, RETENTION OF AN OUTSIDE COMPENSATION CONSULTANT AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION THROUGH DETAILED MINUTES OF THE COMPENSATION COMMITTEE AND FULL BOARD MEETINGS WHERE EXECUTIVE COMPENSATION IS CONSIDERED. FORM 990, PART VI, SECTION C, LINE 19 CHILDREN'S HEALTH CARE, THE PARENT OF THE FOUNDATION, MAKES FINANCIAL STATEMENT INFORMATION PUBLIC THROUGH A SUMMARY OF FINANCIAL PERFORMANCE IN ITS ANNUAL REPORT. IN ADDITION, FINANCIAL STATEMENTS ARE PROVIDED PUBLICLY THROUGH DIGITAL ASSURANCE CERTIFICATION, A DISSEMINATION AGENT, WHO THEREAFTER MAKE THIS INFORMATION PUBLICLY AVAILABLE. THE FOUNDATION RELIES ON THE CONFLICT OF INTEREST POLICY OF CHILDREN'S HEALTH CARE, THE PARENT OF THE FOUNDATION. CHILDREN'S HEALTH CARE DOES NOT MAKE THE CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. THE GOVERNING DOCUMENTS OF THE FOUNDATION ARE NOT AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: CHANGE IN PERPETUAL TRUST -915,623. CHILDRENS HC SERVICES INC DBA-MINNETONKA 2525 CHICAGO AVENUE SOUTH MINNEAPOLIS MN 55404 411756478 HEALTHCARE MN 501(C)(3) LINE 3 CHC 0 CHILDREN'S HEALTH CARE INC 2525 CHICAGO AVENUE SOUTH MINNEAPOLIS MN 55404 411754276 HEALTHCARE MN 501(C)(3) LINE 3 N/A 0 CHILDREN'S CLINIC NETWORK 2525 CHICAGO AVENUE SOUTH MINNEAPOLIS MN 55404 453765330 HEALTHCARE MN 501(C)(3) LINE 3 CHC 0 MOTHER BABY FACILITY LLC 2525 CHICAGO AVENUE SOUTH MINNEAPOLIS MN 55404 454078371 HEALTHCARE MN 501(C)(3) LINE 12A CHC 0 CHILDREN'S HEALTH INSURANCE NETWORK LTD PO BOX 30600 GRAND CAYMAN CJ INSURANCE CJ CHC C 0 CHILDREN'S HEALTH NETWORK 910 EAST 26TH STREET SUITE 330 MINNEAPOLIS MN 55404 463226418 MEDICAL SERVICES MN CHC C 0 CHILDREN'S MN HOME MEDICAL EQUIPMENT 2525 CHICAGO AVENUE MINNEAPOLIS MN 55404 842915398 MED. EQ. SERVICES MN CHC C 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0