2024-05-07T10:27:35-05:00 2023-06-30 390758449 WIPFLI LLP 1502 LONDON ROAD SUITE 200 DULUTH MN 55812 990 2022-07-01 810365625 MONTANA CHILDREN'S FOUNDATION MONT 4064447500 PO BOX 5539 HELENA MT 59604 CRAIG AASVED CHIEF EXECUTIVE OFFICER 4064447500 2024-05-04 1 CRAIG AASVED 999009999 1 MICHAEL J PETERSON CPA P01833529 2187224705 2024-05-03 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CRAIG AASVED PO BOX 5539 HELENA MT 59604 15010759 0 X HTTPS://SHODAIR.ORG/FOUNDATION/ X 1977 MT TO PROMOTE AND FURTHER OPERATIONS OF THE MONTANA CHILDREN'S HOME AND HOSPITAL. 11 11 0 15 0 0 2980124 3475958 0 138550 662831 3400199 65029 170038 3707984 7184745 9366030 7866030 0 0 0 0 60000 60000 200540 579897 822191 10005927 8748221 -6297943 -1563476 32536990 38985248 10785378 17431671 21751612 21553577 TO LEND FINANCIAL SUPPORT TO MONTANA CHILDREN'S HOME AND HOSPITAL (DBA SHODAIR CHILDREN'S HOSPITAL). 0 0 7866030 7866030 138550 CONTRIBUTED $966,030 TO SHODAIR CHILDREN'S HOSPTIAL FOR CAPITAL IMPROVEMENTS. CONTRIBUTED $6,900,000 TO SHODAIR CHILDREN'S HOSPITAL FOR THE COSTS INCURRED BY THE HOSPITAL TO STAFF AND OPERATE, INCLUDING OPERATIONAL COVERAGE COSTS.RAISED $1,030,952 FROM THE CHILDREN'S MIRACLE NETWORK PARTNERS. 7866030 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 0 1 1 0 0 0 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 5 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X KELLEY GENTRY 4064447500 2755 COLONIAL DR HELENA MT 59601 DR JOEL MAES PRESIDENT 1.00 1.00 X X 0 0 0 JOHN NORDWICK SECRETARY/TREASURER 1.00 1.00 X X 0 0 0 RITA GOWEN BOARD MEMBER 1.00 1.00 X 0 0 0 GALEN HOLLENBAUGH BOARD MEMBER 1.00 1.00 X 0 0 0 STEVEN JOHNSON BOARD MEMBER 1.00 1.00 X 0 0 0 DR DAVID LECHNER BOARD MEMBER 1.00 1.00 X 0 0 0 DICK MEEKER BOARD MEMBER 1.00 1.00 X 0 0 0 JOSEPH SHEVLIN BOARD MEMBER 1.00 1.00 X 0 0 0 SANDRA SMITH BOARD MEMBER 1.00 1.00 X 0 0 0 DR EDWARD SURBRUGG BOARD MEMBER 1.00 1.00 X 0 0 0 LEN WHEELER BOARD MEMBER 1.00 1.00 X 0 0 0 CRAIG AASVED CHIEF EXECUTIVE OFFICER 10.00 30.00 X 0 357013 57029 MARIA VALDENEGRO CHIEF FINANCIAL OFFICER (THRU 5/5/23) 10.00 30.00 X 0 194870 41529 KELLEY GENTRY INTERIM CHIEF FINANCIAL OFFICER 10.00 30.00 X 0 0 0 KEITH MEYER FOUNDATION DIRECTOR 40.00 X 0 133151 24022 0 685034 122580 0 0 1 0 DICK ANDERSON CONSTRUCTION 3424 HWY 12E HELENA MT 59601 CONSTRUCTION FOR MOB BUILDING 5896994 CHILDREN'S MIRACLE NETWORK 205 WEST 700 SOUTH SALT LAKE CITY UT 84101 MEMBERSHIP DUES 112691 2 56300 3419658 3000 3475958 RELATED PARTY RENT 531120 116000 116000 GENETIC SYMPOSIUM EVENT 900099 22550 22550 138550 500365 500365 94307 94307 2387090 8220000 2457260 5249996 -70170 2970004 2899834 2899834 194489 56300 118758 75731 75731 7184745 138550 0 3570237 7866030 7866030 15100 15100 60000 60000 102913 102913 38012 38012 23963 20438 3525 20500 20500 12498 12498 54205 54205 12254 12254 753 753 55516 55516 86462 86462 SUPPLIES EXPENSE 249883 249883 CMN EXPENSES 78145 78145 CAPITAL CAMPAIGN 58870 58870 DUES AND SUBSCRIPTIONS 13117 13117 8748221 7866030 681651 200540 1767195 2974215 1010191 1080187 770603 1357503 26165 31216 77328 87374 11732319 98630 8678521 11633689 18921657 20468590 1285330 1352474 32536990 38985248 138687 283775 7472463 10646691 9675433 10785378 17431671 X 15456406 14857055 6295206 6696522 21751612 21553577 32536990 38985248 -1563476 1365441 0 X 0 1 X 1 0 X 10505 2980347 3023552 2980124 3475958 12470486 10505 2980347 3023552 2980124 3475958 12470486 1395516 11074970 73347 466731 431892 547097 710672 2229739 14700225 298547 0.75340 0.72520 X FORM 990, SCHEDULE A, PART II THE ORGANIZATION FILED A SHORT YEAR RETURN FOR THE YEAR ENDED 06/30/2019 (06/01/2019 - 06/30/2019). THIS IS BEING REPRESENTED IN THE 2018 TAX YEAR COLUMN. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 2222600 211168 2433768 2493419 300 -271119 2222600 2026809 300 466310 2493419 1972110 1700 52999 2026809 1966113 5997 1972110 0.00000 0.35400 0.64600 0 0 225257 225257 10451612 63558 10388054 1039162 35072 1004090 16288 16288 11633689 DUE TO MONTANA CHILDREN'S HOME AND HOSPITAL 9675433 9675433 8668944 1298297 185902 1484199 7184745 0 7184745 8866979 118758 118758 8748221 0 8748221 PART III, LINE 4: THE ORGANIZATION WAS GIFTED AN ORIGINAL PAINTING THAT HAS BECOME A VERY POPULAR WORK OF ART THAT REPRESENTS THE MISSION OF MONTANA'S CHILDREN'S HOSPITAL. THE ORGANIZATION WILL OCCASIONALLY USE PRINTS OF THE PAINTING AT EVENTS. THE PAINTING IS SOMETIMES ON DISPLAY IN THE FOUNDATION OR THE HOSPITAL. PART V, LINE 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF NUMEROUS INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. AS REQUIRED BY GAAP, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE FOUNDATION HAS INTERPRETED THE MUPMIFA AS REQUIRING THE PRESERVATION OF THE FAIR VALUE 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, THE FOUNDATION CLASSIFIES AS NET ASSETS WITH DONOR RESTRICTIONS (A) THE ORIGINAL VALUE OF GIFTS DONATED TO THE ENDOWMENT TO BE MAINTAINED IN PERPETUITY, (B) THE ORIGINAL VALUE OF SUBSEQUENT GIFTS TO THE ENDOWMENT TO BE MAINTAINED IN PERPETUITY, AND (C) ANY ACCUMULATIONS TO THE ENDOWMENT MADE IN ACCORDANCE WITH THE DIRECTION OF THE APPLICABLE DONOR GIFT INSTRUMENT AT THE TIME THE ACCUMULATION IS ADDED TO THE FUND. THE PORTION OF THE ENDOWMENT FUND THAT IS NOT REQUIRED TO BE MAINTAINED IN PERPETUITY IS RECORDED WITHIN NET ASSETS WITH DONOR RESTRICTIONS AND IS APPROPRIATED FOR EXPENDITURE BY THE FOUNDATION IN A MANNER CONSISTENT WITH THE STANDARD OF PRUDENCE PRESCRIBED BY MUPMIFA. IN ACCORDANCE WITH MUPMIFA, THE FOUNDATION CONSIDERS THE FOLLOWING FACTORS IN MAKING A DETERMINATION TO APPROPRIATE OR ACCUMULATE DONOR-RESTRICTED ENDOWMENT FUNDS: 1. THE DURATION AND PRESERVATION OF THE FUND 2. THE PURPOSE OF THE FOUNDATION AND THE DONOR-RESTRICTED ENDOWMENT FUND 3. GENERAL ECONOMIC CONDITIONS 4. THE POSSIBLE EFFECT OF INFLATION AND DEFLATION 5. THE EXPECTED TOTAL RETURN FROM INCOME AND THE APPRECIATION OF INVESTMENTS 6. OTHER RESOURCES OF THE FOUNDATION 7. THE INVESTMENT POLICIES OF THE FOUNDATION FROM TIME TO TIME, THE FAIR VALUE OF ASSETS ASSOCIATED WITH INDIVIDUAL DONOR-RESTRICTED ENDOWMENT FUNDS MAY FALL BELOW THE LEVEL THE DONOR OR MUPMIFA REQUIRES THE FOUNDATION TO RETAIN AS A FUND OF PERPETUAL DURATION. THE FOUNDATION HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT, WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. ENDOWMENT ASSETS INCLUDE THOSE ASSETS OF DONOR-RESTRICTED FUNDS WHICH THE FOUNDATION MUST HOLD IN PERPETUITY. UNDER THIS POLICY, AS APPROVED BY THE BOARD OF TRUSTEES, THE ENDOWMENT ASSETS ARE INVESTED IN A MANNER THAT IS INTENDED TO PRESERVE ENDOWMENT CAPITAL AND TO PROVIDE A MINIMUM ANNUAL TARGET RATE OF RETURN OF AT LEAST INFLATION, PLUS THE FOUNDATION'S SPENDING POLICY, PLUS A REAL RATE OF RETURN NET OF FEES. THE FOUNDATION EXPECTS ITS ENDOWMENT FUNDS, OVER TIME, TO PROVIDE A REASONABLE CURRENT RATE OF RETURN. TO SATISFY ITS LONG-TERM RATE-OF-RETURN OBJECTIVES, THE FOUNDATION RELIES ON A TOTAL RETURN STRATEGY IN WHICH INVESTMENT RETURNS ARE ACHIEVED THROUGH BOTH CAPITAL APPRECIATION (REALIZED AND UNREALIZED GAINS) AND CURRENT YIELD (INTEREST AND DIVIDENDS). THE FOUNDATION TARGETS A DIVERSIFIED ASSET ALLOCATION, INCLUDING CASH EQUIVALENTS, FIXED INCOME, AND EQUITY SECURITIES, TO ACHIEVE ITS LONG-TERM RETURN OBJECTIVES WITHIN PRUDENT RISK CONSTRAINTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSE 118,758. CHANGE IN VALUE OF LT RECEIVABLES 67,144. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSE 118,758. X X X X 0 ALLIANCE PHILANTRHOPY 27459 FRONTAGE ROAD BOZEMAN MT 59715 CAPITAL CAMPAIGN CONSULTING 0 0 60000 -60000 60000 -60000 MT PLAY YELLOW 2022 250789 56300 194489 39990 10688 68080 250789 56300 194489 39990 10688 68080 118758 75731 SCHEDULE G, PART I, LINE 2B, COLUMN (V) THE CONSULTANT IS A FULL SERVICE PHILANTHROPIC CONSULTING FIRM THAT SPECIALIZES IN PLANNING AND CONDUCTING COMPREHENSIVE CAMPAIGNS AND MAJOR GIFTS EFFORTS. 1 MONTANA CHILDREN'S HOME & HOSPITAL PO BOX 5539 HELENA MT 59604 810231789 501(C)(3) 7866030 0 GRANT FOR OPERATIONS AND CAPITAL IMPROVEMENTS 1 PART I, LINE 2: MONTANA CHILDREN'S FOUNDATION (MCF) MAKES GRANTS TO MONTANA CHILDREN'S HOME AND HOSPITAL (MCHH) BASED ON REQUESTS FROM MCHH. MCF AND MCHH ARE RELATED PARTIES THAT COMMUNICATE ON A CONSISTENT BASIS TO UNDERSTAND THE NEEDS OF EACH ORGANIZATION AND USE OF FUNDS TRANSFERRED. MCF APPROVES AND CONFIRMS THAT FUNDS ARE USED FOR THE REQUESTED PURPOSE. 0 0 0 0 0 0 0 0 0 CRAIG AASVED CHIEF EXECUTIVE OFFICER 0 349813 0 0 0 7200 0 18300 0 38729 0 414042 0 0 MARIA VALDENEGRO CHIEF FINANCIAL OFFICER (THRU 5/5/23 0 194870 0 0 0 0 0 12176 0 29353 0 236399 0 0 KEITH MEYER FOUNDATION DIRECTOR 0 133151 0 0 0 0 0 8225 0 15797 0 157173 0 0 FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 IS PROVIDED TO THE BOARD OF TRUSTEES AND APPROVED BEFORE THE FORM 990 IS FILED. FORM 990, PART VI, SECTION B, LINE 12C A PERSON SHALL BE DEEMED TO HAVE AN "INTEREST" IN A TRANSACTION IF HE OR SHE IS THE PARTY, ONE OF THE PARTIES, OR DIRECTLY RELATED TO A PARTY DEALING WITH THE CORPORATION, OR IF HE OR SHE HAS DIRECT OR INDIRECT INTEREST IN THE TRANSACTION. ANY TRUSTEE, OFFICER, MEDICAL STAFF MEMBER OR OTHER EMPLOYEE OR AGENT OF THE CORPORATION HAVING A DIRECT OR INDIRECT INTEREST IN A TRANSACTION PRESENTED TO THE BOARD FOR AUTHORIZATION, APPROVAL OR RATIFICATION SHALL MAKE A PROMPT, FULL AND FRANK DISCLOSURE OF HIS OR HER INTEREST TO THE BOARD PRIOR TO ACTION ON SUCH TRANSACTION. THAT PERSON SHALL NOT VOTE ON, OR USE HIS OR HER PERSONAL INFLUENCE ON, NOR PARTICIPATE IN THE DISCUSSION OR DELIBERATIONS WITH RESPECT TO SUCH TRANSACTION. THE MINUTES OF THE MEETINGS SHALL REFLECT THE DISCLOSURE MADE THE VOTE THEREON, THE ABSTENTION FROM VOTING AND PARTICIPATION, AND WHETHER A QUORUM WAS PRESENT. ANY TRANSACTION WHICH INVOLVES A TRUSTEE CONFLICT OF INTEREST MAY NOT BE AUTHORIZED, APPROVED OR RATIFIED BY A SINGLE TRUSTEE. FORM 990, PART VI, SECTION B, LINE 15 NOT APPLICABLE, ORGANIZATION DOES NOT PAY COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE ON FILE WITH THE STATE OF MONTANA AND AVAILABLE TO THE PUBLIC IF REQUESTED FROM THE STATE. CONFLICT OF INTEREST AND FINANCIAL STATEMENTS ARE NOT MADE READILY AVAILABLE TO THE GENERAL PUBLIC BUT ARE DISTRIBUTED TO THE BOARD OF TRUSTEES WHO ARE A REPRESENTATION OF THE PUBLIC. INTERNAL AND AUDITED FINANCIAL STATEMENTS ARE NOT AVAILABLE TO THE PUBLIC, HOWEVER RELEVANT FINANCIAL INFORMATION IS AVAILABLE ON THE FORM 990 WHICH IS AVAILABLE. MONTANA CHILDREN'S HOME AND HOSPITAL PO BOX 5539 HELENA MT 59604 810231789 PROVIDE INPATIENT AND RESIDENTIAL PSYCHIATRIC TREATMENT FOR CHILDREN MT 501(C)(3) 170(B)(1)(A) N/A 0 0 1 0 0 1 0 0 0 0 0 1 1 1 1 1 1 0 0 0