2024-08-14T22:49:55-05:00 2023-09-30 346565596 Ernst & Young LLP 1 Manhattan West New York NY 10001 990 2022-10-01 042781368 Longwood Research Institute Inc LONG 6173556000 300 Longwood Avenue Boston MA 02115 Doug Vanderslice Treasurer 6173556000 2024-08-08 1 1 Nicole Sokolowski P01683199 2127333000 2022 2024-08-08 14:25:15Z Kevin B Churchwell MD 300 Longwood Avenue Boston MA 02115 1976400 0 X N/A X 1982 MA Expands medical science knowledge through research and holds real estate property. 4 1 0 0 0 0 0 0 4329200 1976400 0 0 0 0 4329200 1976400 0 0 0 0 0 0 0 0 0 461190 568321 461190 568321 3868010 1408079 80255341 81663420 0 0 80255341 81663420 X Longwood Research Institute, Inc. works to promote and expand human knowledge in the field of medical science, public health and the health and welfare of infants, children, adolescents and adults by directly engaging in the continuous active conduct of medical and other scientific research by means of investigations, experiments, and studies within the associated disciplines spanning the medical sciences to discover, develop, verify or clarify knowledge and understanding. It also holds, owns, maintains, improves, and operates real property for the benefit of The Children's Hospital Corporation. 0 0 568321 1976400 Longwood Research Institute, Inc. works to promote and expand human knowledge in the field of medical science, public health and the health and welfare of infants, children, adolescents and adults by directly engaging in the continuous active conduct of medical and other scientific research by means of investigations, experiments, and studies within the associated disciplines spanning the medical sciences to discover, develop, verify or clarify knowledge and understanding. It also holds, owns, maintains, improves, and operates real property for the benefit of The Children's Hospital Corporation. 568321 1 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 1 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X Doug Vanderslice - Treasurer 6173556000 300 Longwood Avenue Boston MA 02115 X Kevin Churchwell MD President & Trustee 0.00 55.00 X X 0 3239502 125802 Douglas Vanderslice Treasurer & Trustee 0.00 55.00 X X 0 1981768 75202 Michele Garvin Esq Secretary & Trustee 0.00 55.00 X X 0 1698464 45408 Douglas Berthiaume Chairman 0.00 10.00 X 0 0 0 Sandra Fenwick Former President & Trustee 0.00 0.00 X 0 958796 0 0 7878530 246412 0 1 1 0 0 Parking Income 531190 1976400 1976400 1976400 1976400 1976400 0 0 568321 568321 568321 568321 0 0 73083351 0 72515386 73083351 7739955 8580069 80255341 81663420 0 0 X 80255341 81663420 80255341 81663420 80255341 81663420 1408079 0 X 0 1 X 1 0 X X 1 Children's Hospital Corporation 042774441 3 1 0 568321 1 0 568321 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Part I, Line 12g Non monetary support was provided, however; the filing organization provides services of renting and holding property for the benefit of Children's Hospital Corporation and its affiliated organizations. Schedule A, Part IV, Section C, Line 1 Although there is not a majority overlap between the Board of Trustees of Longwood Research Institute and its supported organization (Children's Hospital Corporation), there exists common supervision/control between Longwood Research Institute and its supported organization in that both organizations share a President, Treasurer, Secretary and Board Chairman. While there is not technically a majority overlap between Longwood Research Institute and Children's Hospital Corporation, due to the amount of board members, the supported organization is able to ensure the supporting organization (Longwood Research Institute) is responsive to its needs through this common supervision/control. Therefore, Longwood Research Institute qualifies as a Type II supporting organization. 6031027 6031027 67052324 67052324 73083351 Due from Children's Medical Center 8580069 8580069 0 1 0 0 0 0 0 0 0 Kevin Churchwell MD President & Trustee 0 1548242 0 1160000 0 531260 0 24400 0 101402 0 3365304 0 0 Douglas Vanderslice Treasurer & Trustee 0 885183 0 754720 0 341865 0 27450 0 47752 0 2056970 0 0 Michele Garvin Esq Secretary & Trustee 0 770048 0 771250 0 157166 0 24400 0 21008 0 1743872 0 0 Sandra Fenwick Former President & Trustee 0 0 0 0 0 958796 0 0 0 0 0 958796 0 958796 Part I, Line 4b Children's Hospital Corporation, a related organization, made contributions to the supplemental non-qualified retirement plan for the individuals listed below. Contribution amounts are generally based on a percentage of compensation. Participants of the supplemental executive retirement plan are fully vested. All payments with respect to a participant's separation from service will be made in a single sum following the separation from service unless participant has elected to receive the accrued interest portion of his or her account in three annual installments. Contributions were for Children's Hospital Corporation employee benefits and not for Longwood Research Institute, Inc. Trustee or Officer of the Board services and/or responsibilities. During calendar year 2022, Children's Hospital Corporation made contributions to the supplemental non-qualified reitrement plan for the individuals below: Kevin Churchwell, MD received a contribution of $456,800 Douglas Vanderslice received a contribution of $242,524 Michele Garvin, Esq. received a contribution of $120,044 During calendar year 2022, the following individual received supplemental executive retirement plan distributions from Children's Hospital Corporation: Sandra Fenwick received a distribution of $958,796 Part II Compensation is for Children's Hospital Corporation executive/employee services; not for Longwood Research Institute, Inc. Trustee or Officer of the Board services. Form 990, Part VI, Section A, line 6 Children's Medical Center Corporation is the sole member of the organization. Form 990, Part VI, Section A, line 7a The Children's Medical Center Corporation, as the sole member of the organization, elects the governing body of the organization. Form 990, Part VI, Section A, line 7b Children's Medical Center Corporation is the sole member of the organization. As stated in the organization's By Laws, Children's Medical Center Corporation has the powers and rights: (1) to approve the annual operating and capital budgets of the Corporation; (2) to approve capital expenditures by the Corporation in excess of $150,000; (3) to approve long-range planning goals and objectives of the Corporation; (4) to approve the sale of any major portion of the Corporation's assets; (5) to approve the initiation of any fund raising program by the Corporation; (6) to approve the revision of policies with respect to personnel, public relations, fringe benefits or insurance by the Corporation; (7) to approve any new contracts by the Corporation with officers or key management personnel; (8) to approve any substantial increase by the Corporation in the compensation of employees or officers; (9) to approve any lease of equipment or real estate by the Corporation; (10) to approve any change in insurance coverage by the Corporation, whether malpractice, property, director/officer or otherwise; (11) to approve any incurrence of long-term indebtedness by the Corporation; (12) to approve any change in independent certified public accountants by the Corporation; (13) to approve any change in accounting practice by the Corporation; (14) to approve any change in bank accounts by the Corporation or persons authorized to sign checks on such accounts; (15) to approve any contracts involving an annual payment of more than $5,000 by the Corporation; (16) to approve any major change in significant suppliers; (17) to approve the entry into any new line of business by the Corporation. Form 990, Part VI, Section B, line 11b The Form 990 tax return was prepared by the Children's Hospital staff and reviewed by the Chief Financial Officer & General Counsel, along with the outside accounting firm of Ernst & Young. A copy was made available to the Board prior to filing. Form 990, Part VI, Section B, line 12c Longwood Research Institute, Inc. adopts the Conflict of Interest Policy in the form adopted and maintained by the Children's Hospital Corporation, as from time to time in effect. The Organization's Conflict of Interest and Commitment policy applies to all trustees, Trust Board members, members of the medical or research staff, faculty, fellow, resident, student, visiting faculty or scientist, consultant, volunteers and employees of the Hospital. Trustees, chiefs of service and division chiefs, senior directors and others who exercise influence over important strategic, business and purchasing decisions of the Hospital are required to complete an annual conflict of interest disclosure questionnaire about their financial interests and outside activities. If an expected questionnaire is not returned, the Compliance Officer notifies the individual's supervisor or the CEO or COO, and repeated requests for the completed questionnaire are made until the questionnaire is completed. Responses are reviewed by the Compliance Officer and any potential conflicts are discussed with the Office of General Counsel and/or the individual's supervisor; any actual or potential conflicts are managed by termination of the conflict, management of the conflict, recusal, disclosure, review, or a combination thereof. Outside interests and outside activities may be permitted as long as the Hospital, Medical Center or Trust determines that such interests and activities are consistent with the policies of the Hospital, Medical Center or Trust and the Hospital, Medical Center or Trust Board member, medical staff member or employee involved does the following: 1. discloses the fact that he/she has a financial interest or a consultative role in or with a person or company with which the Hospital, Medical Center or Trust is doing or is thinking of doing business; and 2. refrains from voting or exercising any personal influence whatsoever in the selection of a person or company to do business with the Hospital, Medical Center or Trust with whom or in which he/she has a financial interest or a consultative role; and 3. avoids any active participation in any financial negotiations between the Hospital, Medical Center or Trust and the person or company with whom or in which he/she has a financial interest or consultative role; and 4. does not permit such outside interests or activities to absorb such amounts of his/her time and effort as to make it impractical for them to fulfill their assigned responsibilities at the Hospital, Medical Center or Trust; and 5. does not permit such outside interests or activities to compromise or appear to compromise the name or reputation of the Hospital, Medical Center or Trust. Form 990, Part VI, Section B, line 15 The organization does not have any employees and does not compensate its Trustees or Officers of the Board. Form 990, Part VI, Section C, line 19 Longwood Research Institute, Inc. adopts the Code of Conduct, Conflict of Interest Policy, and the Compliance Manual, in the form adopted and maintained by the Children's Hospital Corporation, as from time to time in effect. Children's Hospital posts its Code of Conduct (which incorporates the Conflict of Interest Policy) and its Compliance Manual (which includes a summary of the Conflict of Interest Policy) on its external website and these are also available from the Compliance Office or the Office of General Counsel. Governing documents are not posted publicly but are available from the Hospital upon request and are also filed with the Massachusetts Secretary of State, where they are available to the public. Financial statements are available upon request. Form 990, Part VII, Section A The individuals, who have compensation from related organizations, listed in Column E, spend the remainder of their full time hours working for Children's Medical Center and its other affiliates. Form 990, Part I, Line 4 & VI, Line 1b - Governing Body & Management The filing organization has one independent member of the governing body. The other members of the governing body are compensated by a related organization. However, the filing organization is part of an integrated delivery system of organizations, including Children's Hospital that has community boards. There has been no material change in the structure of the governing body since it applied for and received recognition of exempt status. Children's Westland LLC 300 Longwood Avenue Boston MA 02115 262904847 Own, develop, construct, rehabilitate, and manage real estate properties MA 0 0 Longwood Research Institute Inc BCH 819 Beacon Street LLC 300 Longwood Avenue Boston MA 02115 814382691 Real Estate Holdings MA 1976400 6269980 Longwood Research Institute Inc Children's Medical Center Corporation 300 Longwood Avenue Boston MA 02115 041174680 Holds & manages securities & real estate investments for Children's Hospital MA 501(c)(3) Line 12b, II N/A 0 Children's Hospital Corporation 300 Longwood Avenue Boston MA 02115 042774441 Pediatric healthcare, education and research hospital MA 501(c)(3) Line 3 Children's Medical Center Corporation 0 CHB Properties Inc 300 Longwood Avenue Boston MA 02115 043323330 Holds & manages satellite ambulatory centers; real estate investments MA 501(c)(3) Line 10 Children's Medical Center Corporation 0 Blood Research Institute Inc 300 Longwood Avenue Boston MA 02115 043136318 Owning & Leasing Real Estate MA 501(c)(3) Line 12a, I Children's Medical Center Corporation 0 Boston Children's Network Specialty Physicians Inc 300 Longwood Avenue Boston MA 02115 881343469 Healthcare MA 501(c)(3) Line 10 Children's Hospital Corporation 0 Franciscan Hospital for Children Inc 30 Warren Street Brighton MA 02135 042156082 Pediatric rehabilitation and behavioral health MA 501(c)(3) Line 3 Children's Medical Center Corporation 0 Franciscan Pediatrics Inc 30 Warren Street Brighton MA 02135 043160358 Healthcare MA Franciscan Hospital for Children Inc C 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0