2023-11-14T22:45:01+00:00 2022-12-31 346565596 ERNST & YOUNG US LLP 2323 VICTORY AVENUE DALLAS TX 75219 990 2022-01-01 454182666 Children's Hospital Colorado Health System CHIL 7207771234 13123 EAST 16TH AVENUE AURORA CO 80045 JENA HAUSMANN PRESIDENT AND CEO 7207771234 2023-11-15 true JEFFREY HARRINGTON 999009999 true Patrick Shields P01508556 2149698000 2022 2023-04-26 12:10:37Z JENA HAUSMANN 13123 EAST 16TH AVENUE AURORA CO 80045 47574104 false X WWW.CHILDRENSCOLORADO.ORG X 2011 CO to manage the investment of funds on behalf of Children's Hospital Colorado ("Hospital") and Children's Hospital Colorado Foundation ("Foundation"). 8 7 0 10 -318719 0 0 0 0 0 61642247 47892823 2727681 -318719 64369928 47574104 0 0 0 141339 132048 0 0 0 11525896 9947447 11667235 10079495 52702693 37494609 1315391406 1171322596 1213270 1546344 1314178136 1169776252 to manage the investment of funds on behalf of Children's Hospital Colorado ("Hospital") and Children's Hospital Colorado Foundation ("Foundation"). false false 106735 0 0 SEE SCHEDULE O. 106735 true false false false false false false false true false true false false true true false true false false true false false false false false false false false true false false false false false false false false false false false false false true true true false false true X 0 0 0 true true false false false false false false false false false false false X 8 7 false false false false false false false true true false false true false false false false false false CA X JEFFREY HARRINGTON 7207771234 13123 EAST 16TH AVENUE AURORA CO 80045 Jena Hausmann President and CEO 4.0 43.0 X X 0 2160753 376982 Barth Whitham Board Member (THRU 04/22) 4.0 1.0 X 0 0 0 Betsy Searle Board Member 4.0 3.0 X 0 0 0 David Honeyfield Board Member 4.0 1.0 X 0 0 0 David Hoover Chair (OUTGOING)/Board Member 4.0 4.0 X 0 0 0 Donald Elliman Board Member 4.0 1.0 X 0 0 0 John (Jack) Wold Board Member/Chair 4.0 1.0 X 0 0 0 John Fenley Board Member 4.0 3.0 X 0 0 0 Mike Asher Board Member/Vice-Chair 4.0 4.0 X 0 0 0 Jeffrey Harrington SVP and CFO 4.0 43.0 X 0 960887 181888 Michelle Lucero Chief Legal Officer, General Counsel/Secretary 4.0 40.0 X 0 751878 158644 0 3873518 717514 0 false true false ERNST & YOUNG 3712 SOLUTIONS CENTER CHICAGO IL 60677 AUDIT AND TAX 586553 MONTICELLO 1800 LARIMER STREET 2100 DENVER CO 80202 INVESTMENT ADVISOR 262500 2 0 0 0 0 0 0 12338037 12338037 0 0 35554786 35554786 0 35554786 35554786 PARTNERSHIP INCOME -318719 -318719 0 0 0 0 -318719 47574104 0 -318719 47892823 104505 84472 20033 20356 16454 3902 7187 5809 1378 619300 619300 8682308 8682308 282 0 282 0 600 600 UBIT TAXES 644957 644957 0 0 0 0 10079495 106735 9972760 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 326990087 315046582 987245970 853694686 0 0 0 1155349 2581328 1315391406 1171322596 289498 322246 0 0 0 0 0 0 0 0 0 0 0 0 0 0 923772 1224098 1213270 1546344 X 1098096418 967965735 216081718 201810517 1314178136 1169776252 1315391406 1171322596 X 37494609 -166622641 -15273852 X false true X true true true X X X 2 CHILDREN'S HOSPITAL COLORADO 840166760 3 true 4267560 0 CHILDREN'S HOSPITAL COLORADO FOUNDATION 840813462 7 true 2000000 0 2 6267560 0 true false false false false false false false false false false false false false false true true true X true true Schedule A, Part IV, Section D, Line 3 Supp. Org. Have Significant Voice In Investment Policies CHILDREN'S HOSPITAL COLORADO HEALTH SYSTEM (CHCHS) MEETS THE SIGNIFICANT VOICE REQUIREMENT OF TREAS. REG. SECTION 1.509(A)-4(I)(3)(III) BECAUSE THE OFFICERS AND DIRECTORS OF THE TWO SUPPORTED ORGANIZATIONS (CHILDREN'S HOSPITAL COLORADO AND CHILDREN'S HOSPITAL COLORADO FOUNDATION) HAVE A SIGNIFICANT VOICE IN DIRECTING THE USE OF THE INCOME OF CHCHS. SPECIFICALLY, ALL OF CHCHS'S NINE VOTING MEMBERS OF THE BOARD OF DIRECTORS ARE ALSO DIRECTORS OF THE SUPPORTED ORGANIZATIONS. CHCHS IS ALSO THE PARENT ORGANIZATION AND SOLE MEMBER OF EACH OF THE SUPPORTED ORGANIZATIONS. IN ADDITION, THE CHAIRMAN OF CHILDREN'S HOSPITAL COLORADO SERVES AS THE PERMANENT CHAIRMAN OF THE BOARD OF CHCHS, THE CHAIRMAN OF CHILDREN'S HOSPITAL COLORADO FOUNDATION SERVES AS THE PERMANENT VICE CHAIRMAN OF THE BOARD OF CHCHS, THE PRESIDENT OF CHILDREN'S HOSPITAL COLORADO SERVES AS THE CHIEF EXECUTIVE OFFICER OF CHCHS, AND THE PRESIDENT OF CHILDREN'S HOSPITAL COLORADO FOUNDATION SERVES AS AN EX OFFICIO MEMBER OF THE BOARD OF DIRECTORS OF CHCHS. AND FINALLY, CHCHS HAS TWO STANDING COMMITTEES OF WHICH "THE INVESTMENT COMMITTEE" IS ONE OF THOSE TWO. THE INVESTMENT COMMITTEE IS TASKED WITH RECOMMENDING FOR APPROVAL TO THE CHCHS BOARD INVESTMENT POLICIES, POSSIBLE INVESTMENTS, ASSET ALLOCATION CRITERIA AND PARAMETERS, PERFORMANCE MEASUREMENTS AND MANAGE EVALUATION CRITERIA. THE INVESTMENT COMMITTEE IS MADE UP OF TEN MEMBERS OF WHICH SEVEN ARE BOARD MEMBERS OF EITHER CHILDREN'S HOSPITAL COLORADO OR CHILDREN'S HOSPITAL COLORADO FOUNDATION. BASED ON THE FOREGOING, THE DIRECTORS AND OFFICERS OF THE TWO SUPPORTED ORGANIZATIONS HAVE A SIGNIFICANT VOICE IN DIRECTING THE INVESTMENT POLICIES AND THE USE OF THE INCOME OR ASSETS OF CHCHS, THE SUPPORTING ORGANIZATION. Schedule A, Part IV, Section E, Line 3a Power To Appoint/Elect Majority of Officer/Director/Trustee CHCHS MEETS THE INTEGRAL PART TEST OF TREAS. REG. SECTION 1.509(A)-4(I)(4)(I)(B) AND TREAS. REG. SECTION 1.509(A)-4(I)(4)(III) AS CHCHS IS THE SOLE MEMBER AND PARENT ORGANIZATION OF EACH OF THE TWO SUPPORTED ORGANIZATIONS AND A MAJORITY OF THE OFFICERS AND DIRECTORS OF EACH SUPPORTED ORGANIZATION ARE APPOINTED OR ELECTED BY CHCHS. AS THE PARENT AND SOLE MEMBER OF EACH SUPPORTED ORGANIZATION, CHCHS EXERCISES A SUBSTANTIAL DEGREE OF DIRECTION OVER THE POLICIES, PROGRAMS AND ACTIVITIES OF EACH SUPPORTED ORGANIZATION. Schedule A, Part IV, Section E, Line 3b Substantial Direction Over Policies/Programs/Activities CHCHS MEETS THE INTEGRAL PART TEST OF TREAS. REG. SECTION 1.509(A)-4(I)(4)(I)(B) AND TREAS. REG. SECTION 1.509(A)-4(I)(4)(III) AS CHCHS IS THE SOLE MEMBER AND PARENT ORGANIZATION OF EACH OF THE TWO SUPPORTED ORGANIZATIONS AND A MAJORITY OF THE OFFICERS AND DIRECTORS OF EACH SUPPORTED ORGANIZATION ARE APPOINTED OR ELECTED BY CHCHS. AS THE PARENT AND SOLE MEMBER OF EACH SUPPORTED ORGANIZATION, CHCHS EXERCISES A SUBSTANTIAL DEGREE OF DIRECTION OVER THE POLICIES, PROGRAMS AND ACTIVITIES OF EACH SUPPORTED ORGANIZATION. 233288639 21959921 -26019610 9532882 219696068 207924246 12291498 22881585 9808690 233288639 187551798 6648807 22288181 8564540 207924246 164658074 4799061 27332264 9237601 187551798 176068220 4308565 -7659587 8059124 164658074 0.0814 0.6912 0.2274 false false WELLINGTON 101535233 F VIKING 61464801 F SILCHESTER 53180743 F WHALE ROCK 20733510 F ROCK SPRINGS 33918702 F NEWPORT ASIA 30755243 F FARALLON 38200000 F MARSHALL WACE 39906195 F ANCHORAGE CAPITAL 88562 F ARISAIG 21786362 F GOLUB CAPITAL 10 21875000 F IMPALA F SPINNAKER 16355713 F CLAYTON DUBILLER RICE IX 15979267 F AG STAR NET LEASE 13257117 F MADISON DEARBORN VII 16559119 F CASTLELAKE III 7677428 F GEM REALTY V 3207773 F OWL ROCK FUND 13270414 F KSL IV 7062857 F ORBIMED 544889 F DENHAM COMMODITY PARTNERS VI 4273040 F WALTON STREET 3630357 F CANYON PARTNER FUND III 14710937 F BLACKSTONE FUND IX 23181816 F FORTRESS CREDIT OPPORTUNITY 366682 F GENERAL ATLANTIC 13105233 F KING STREET US BANK 23875 F VARDE FUND XIII 16472525 F LEXINGTON CAPITAL 19668698 F DENHAM COMMODITY PARTNERS V 2155163 F MOUNT KELLETT 698647 F GEM REALTY VI 2332240 F HIGHFIELDS CAPITAL LTD F FORTRESS CREDIT V 6999597 F SHERIDAN SQUARE 12883694 F KSL FUND V 7476930 F KING STREET CAPITAL LTD 3161071 F KYLIN OFFSHORE FUND LTD F OZ OVERSEAS FUND 216188 F MADISON DEARBORN VIII 5462443 F KYLIN OFFSHORE LONG F CU HEALTHCARE 2870183 F ECHO STREET SELECT II 33578059 F BAIN CAPITAL LONG EQUITY 34201518 F DAVIDSON INTL OFFSHORE FUND 29818213 F TIGER GLOBAL LONG OPP 8257612 F BAKER BROTHERS OFFSHORE 12050400 F GOLUB CAPITAL 14 20000000 F THOMA BRAVO XIV 9389489 F DEERFIELD GESIGN FUND V 6912336 F FARALLON SS FUND II 6634265 F GREENSPRING SEC FUND V 4954228 F MADISON INTL RE VIII 8488702 F VERITAS CAPTIAL FUND VIII 4912989 F ARBOUR LANE CREDIT FUND III 5570687 F THOMA BRAVO CREDIT FUND II 11877941 F 853694686 I/CO PAYABLE TO CHCF 716621 I/CO PAYABLE TO CHCO 507477 1224098 X Schedule D, Part V, Line 4 Intended uses of endowment funds INCOME FROM THE ENDOWMENTS ARE CURRENTLY BEING DISTRIBUTED TO CHILDREN'S HOSPITAL COLORADO ON A MONTHLY BASIS TO BE USED FOR THE ENDOWMENTS' INTENDED PURPOSES. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote MANAGEMENT REVIEWS ITS TAX POSITION ANNUALLY AND HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. Central America and the Caribbean 0 0 Investments 285419342 Europe (Including Iceland and Greenland) 0 0 Investments 39906195 0 0 0 0 0 0 325325537 0 325325537 true false true true true false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual false true false false false false false false false Jena Hausmann President and CEO 0 1251937 0 609384 0 299432 0 350184 0 26798 0 2537735 0 295839 Jeffrey Harrington SVP and CFO 0 661601 0 159794 0 139492 0 166509 0 15379 0 1142775 0 129458 Michelle Lucero Chief Legal Officer, General Counsel/Secretary 0 506564 0 142736 0 102578 0 141411 0 17233 0 910522 0 95101 Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation THE CEO OF THE ORGANIZATION IS COMPENSATED BY CHILDREN'S HOSPITAL COLORADO, A RELATED TAX-EXEMPT ORGANIZATION. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan THE FOLLOWING INDIVIDUALS RECEIVED A PAYOUT FROM A 457(F) SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN: JENA HAUSMANN $295,839 JEFFREY HARRINGTON $129,458 MICHELLE LUCERO $95,101 Form 990, Part III, Line 4a Program Service Accomplishments CHILDREN'S HOSPITAL COLORADO HEALTH SYSTEM ("CHCHS") WAS FORMED BY THE HOSPITAL WITH AN EFFECTIVE DATE OF JANUARY 1, 2012 TO BE THE PARENT HOLDING COMPANY OF THE HOSPITAL. CHCHS'S BOARD WAS INITIALLY FORMED SUBSTANTIALLY WITH HOSPITAL AND CHILDREN'S HOSPITAL FOUNDATION BOARD MEMBERS AND CHIEF EXECUTIVE OFFICERS. IN CONNECTION WITH THE FORMATION OF CHCHS, THE FOUNDATION AMENDED ITS ARTICLES OF INCORPORATION SUCH THAT CHCHS BECAME THE SOLE CORPORATE MEMBER OF THE FOUNDATION. AS A RESULT, CHCHS ALSO ACQUIRED CONTROL OF THE FOUNDATION, WHICH WAS PREVIOUSLY GOVERNED SEPARATELY FROM THE HOSPITAL AND WAS REFLECTED AS A FINANCIALLY INTERRELATED ORGANIZATION OF THE HOSPITAL. DURING 2012, BOTH THE HOSPITAL AND THE FOUNDATION TRANSFERRED THE MAJORITY OF THEIR LONGER-TERM DESIGNATED ENDOWMENTS AND INVESTMENTS TO CHCHS. CHCHS INVESTS AND DISTRIBUTES THESE FUNDS FOR THE BENEFIT OF THE HOSPITAL. Form 990, Part V, Line 2a ALSO PART VII, SECTION A; AND PART IX CHILDREN'S HOSPITAL COLORADO HEALTH SYSTEM DOES NOT HAVE EMPLOYEES, BUT SHARES THE COST OF CERTAIN EXPENSES WITH CHILDREN'S HOSPITAL COLORADO, A RELATED TAX-EXEMPT ORGANIZATION. Form 990, Part VI, Line 12c ALSO LINES 13 AND 14 - CONFLICT OF INTEREST POLICY A CONFLICT OF INTEREST POLICY, WHISTLEBLOWER POLICY AND DOCUMENT RETENTION AND DESTRUCTION POLICY WERE NOT FORMALLY ADOPTED BY THE BOARD OF CHCHS IN 2022, THEREFORE THESE QUESTIONS HAVE BEEN ANSWERED "NO." HOWEVER, CHCHS DOES FOLLOW THE POLICIES ADOPTED BY THE HOSPITAL AND THE FOUNDATION, RELATED TAX-EXEMPT ORGANIZATIONS WHOSE BOARD MEMBERS MAKE UP THE CHCHS BOARD. AS EACH BOARD MEMBER OF CHCHS IS ALSO A MEMBER OF THE BOARD OF DIRECTORS OF THE HOSPITAL OR THE FOUNDATION, SUCH BOARD MEMBERS ARE REQUIRED TO DISCLOSE, ON AN ANNUAL BASIS, POTENTIAL CONFLICTS OF INTEREST PURSUANT TO THE WRITTEN POLICIES OF THE HOSPITAL AND THE FOUNDATION. IN ADDITION, ARTICLE XV OF THE BYLAWS OF CHCHS ADDRESSES CONFLICTS OF INTEREST. Form 990, Part VI, Line 11b Review of form 990 by governing body CHILDREN'S HOSPITAL COLORADO'S (A RELATED TAX-EXEMPT ORGANIZATION) FINANCE DEPARTMENT LEADERSHIP CONDUCTS A REVIEW OF THE FORM 990 WITH THE CFO PRIOR TO THE DRAFT BEING DISTRIBUTED TO THE BOARD OF DIRECTORS. ANY NECESSARY CHANGES ARE MADE, THE FORM IS SIGNED BY THE CFO, AND A FINAL COPY IS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO SUBMISSION TO THE IRS VIA A SECURED WEBSITE. Form 990, Part VI, Line 19 Required documents available to the public THESE DOCUMENTS ARE MADE AVAILABLE UPON REASONABLE REQUEST. Form 990, Part XI, Line 9 Other changes in net assets or fund balances EQUITY TRANSFER FROM CHCF - 17098921; EQUITY TRANSFER TO CHCO - -4267560; EQUITY TRANSFER TO CHCF - -2000000; CHANGES IN TEMP RESTRICTED NET ASSETS - -23959690; OTHER CHANGES IN NET ASSETS - -2464242; PARTNERSHIP INCOME - 318719; CHILDREN'S HOSPITAL COLORADO 13123 EAST 16TH AVE AURORA CO 80045 840166760 HEALTHCARE CO 501(c)(3) 3 CHCHS true THE CHILDREN'S HOSPITAL COLORADO FOUNDATION 13123 EAST 16TH AVE AURORA CO 80045 840813462 FOUNDATION CO 501(c)(3) 7 CHCHS true PEDIATRIC CARE NETWORK CHCH LLC 13123 EAST 16TH AVE AURORA CO 80045 813554450 HEALTHCARE CO CH-COLORADO C Corporation 0 0 true false true true false false false false false false false false false true true true false false false false CHILDREN'S HOSPITAL COLORADO FOUNDATION B 2000000 ACCRUAL CHILDREN'S HOSPITAL COLORADO FOUNDATION C 17098921 ACCRUAL CHILDREN'S HOSPITAL COLORADO B 4267560 ACCRUAL CHILDREN'S HOSPITAL COLORADO O 104505 ACCRUAL