2024-11-14T17:46:39-06:00 2023-12-31 135565207 KPMG LLP 350 NORTH 5TH ST STE 600 MINNEAPOLIS MN 55401 990 2023-01-01 411814223 CHILDREN'S HEALTH CARE FOUNDATION CHIL 6128136000 2525 CHICAGO AVENUE SOUTH MINNEAPOLIS MN 55404 BRENDA MCCORMICK SVP & CFO 6128136000 2024-11-14 1 0 HOLLY K MOEN P01800653 6123055000 2024-11-07 2023 2024-10-15 13:58:12Z BRENDA MCCORMICK 2525 CHICAGO AVENUE SOUTH MINNEAPOLIS MN 55404 37352503 0 X WWW.CHILDRENSMN.ORG X 1995 MN THE FOUNDATION CHAMPIONS RAISING FUNDS IN SUPPORT OF SPECIAL HEALTH NEEDS OF CHILDREN. 34 30 28 125 0 0 18769264 15098535 0 0 479143 3508906 5011041 5289642 24259448 23897083 15326496 16880730 0 0 2676877 3689319 733556 0 3613569 1647295 2236095 20384224 22806144 3875224 1090939 87926238 95877018 4119734 7279423 83806504 88597595 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 14644559 14644559 5656025 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 462 STAFFED BEDS AT OUR TWO HOSPITAL CAMPUSES IN ST PAUL AND MINNEAPOLIS. SEE SCHEDULE O. 1803656 1803656 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. 432515 432515 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 353 ONGOING RESEARCH STUDIES AND PROGRAMS. 16880730 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 28 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 34 30 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 6128136129 2525 CHICAGO AVENUE SOUTH MINNEAPOLIS MN 55404 ANN MCGARRY BOARD MEMBER 1.00 0.00 X 0 0 0 ANNE NOVAK BOARD MEMBER 1.00 0.00 X 0 0 0 ARCHELLE GEORGIOU BOARD MEMBER 1.00 3.00 X 0 0 0 BRENDA MCCORMICK SVP & CFO 1.00 49.00 X X 0 916032 44336 BRIAN BEH BOARD MEMBER, TREASURER THRU 1/23 1.00 0.00 X X 0 0 0 BRIANA KOCH BOARD MEMBER 1.00 0.00 X 0 0 0 CATHY MUGGEE BOARD MEMBER 1.00 0.00 X 0 0 0 CHARLES MAXWELL BOARD MEMBER, PAST CHAIR THRU 1/23 1.00 0.00 X X 0 0 0 CHRIS HEDBERG BOARD MEMBER, PAST CHAIR 1.00 1.00 X X 0 0 0 EMILY PRYOR WINTON DEPUTY GENERAL COUNSEL, BOARD SECRETARY 1.00 49.00 X X 0 284348 39047 ERIN HERMAN BOARD MEMBER THRU 1/23 1.00 0.00 X 0 0 0 EVA SPENNY BOARD MEMBER 1.00 0.00 X 0 0 0 GARY BLACKFORD BOARD MEMBER THRU 8/23 1.00 3.00 X 0 0 0 JACQUELINE LLOYD CUNNINGHAM BOARD MEMBER 1.00 0.00 X 0 0 0 JAMES WEED BOARD MEMBER THRU 2/23 1.00 0.00 X 0 0 0 JAY CAVANAGH BOARD MEMBER THRU 1/23 1.00 0.00 X 0 0 0 JENNIFER SODERHOLM CDO & FOUNDATION PRESIDENT 32.00 18.00 X X 430279 231688 31213 JERYN KONEZNY BOARD MEMBER 1.00 0.00 X 0 0 0 JESSICA HENRICHS BOARD MEMBER 1.00 0.00 X 0 0 0 JON BIERMANN BOARD MEMBER 1.00 0.00 X 0 0 0 MARA RYAN BOARD MEMBER 1.00 0.00 X 0 0 0 MARC GORELICK MD PRESIDENT & CEO 1.00 49.00 X X 0 1732513 356578 MARIA TROJE BOARD MEMBER 1.00 0.00 X 0 0 0 MARTY BASSETT BOARD MEMBER 1.00 0.00 X 0 0 0 MAY THAO-SCHUCK BOARD MEMBER 1.00 0.00 X 0 0 0 MOLLY BIEDENFELD BOARD MEMBER THRU 1/23 1.00 0.00 X 0 0 0 MONIQUE DEWOLF BOARD MEMBER THRU 1/23 1.00 0.00 X 0 0 0 NESTOR JARAMILLO BOARD MEMBER, VICE CHAIR 1.00 0.00 X X 0 0 0 NICO WYROBEK BOARD MEMBER, TREASURER 1.00 0.00 X X 0 0 0 NICOLE JOHNSON BOARD MEMBER THRU 1/23 1.00 0.00 X 0 0 0 PAUL LAPADAT BOARD MEMBER 1.00 0.00 X 0 0 0 RAQUEL MELO BOARD MEMBER 1.00 0.00 X 0 0 0 REBECCA LIEBERMAN BOARD MEMBER, CHAIR 1.00 0.00 X X 0 0 0 RUSSELL BECKER BOARD MEMBER 1.00 0.00 X 0 0 0 RYAN BARTLEY BOARD MEMBER 1.00 0.00 X 0 0 0 SHANNON KING BOARD MEMBER THRU 1/23 1.00 0.00 X 0 0 0 SHARON MURPHY GARBER BOARD MEMBER 1.00 0.00 X 0 0 0 SIMONE HARDENMAN-JONES BOARD MEMBER 1.00 0.00 X 0 0 0 STEPHANIE THOMES BOARD MEMBER 1.00 0.00 X 0 0 0 STEVE HOCKETT BOARD MEMBER THRU 1/23 1.00 0.00 X 0 0 0 STEVE RYAN BOARD MEMBER 1.00 0.00 X 0 0 0 TAWNYA STEWART BOARD MEMBER 1.00 0.00 X 0 0 0 TERRY CLARK BOARD MEMBER 1.00 0.00 X 0 0 0 TRACI BRANSFORD BOARD MEMBER 1.00 0.00 X 0 0 0 WALTER WHITE BOARD MEMBER 1.00 0.00 X 0 0 0 ANNIE WATERS VP FOUNDATION OPERATIONS 50.00 0.00 X 333329 0 29382 JOSLYN BIEVER VP PHILANTHROPY 50.00 0.00 X 271872 0 21868 ASHLEY LAWSON SR MAJOR GIFT OFFICER 50.00 0.00 X 121416 0 15460 BRADY GERVAIS MAJOR GIFT OFFICER 50.00 0.00 X 111915 0 15331 DANIEL LANTZ SR MGR GIFT ADMIN & IT 50.00 0.00 X 141886 0 32818 DEB DRESSELY MANAGER PROSPECT DEV 50.00 0.00 X 115768 0 28006 TERI CANNON DIRECTOR OF DEVELOPMENT 50.00 0.00 X 148453 0 35008 1674918 3164581 649047 8 0 1 0 BEEVENTS LLC 2131 BROADWAY STREET NE MINNEAPOLIS MN 55413 EVENT DESIGN 386993 ATMOSPHERE COMMERCIAL INTERIORS LLC SDS 12-1696 MINNEAPOLIS MN 554861696 REPAIRS 268416 ACCORDANT PHILANTHROPY LLC 105 TEAL NEST COURT PONTE VEDRA BEACH FL 320821944 CONSULTING 181285 INFINITY OF MINNESOTA 10275 WAYZATA BLVD SUITE 200 MINNETONKA MN 55305 DIRECT MAIL APPEAL 150172 TRANSPORTATION PLUS 5010 HILLSBORO AVE NEW HOPE MN 55428 PATIENT TRANSPORTS 112377 5 2736808 12361727 20000 15098535 3239704 3239704 12993109 12723907 269202 269202 269202 346350 2736808 722363 -376013 -376013 18780 9150 9630 9630 FUNDRAISING SERV REV 561499 5656025 5656025 5656025 23897083 5656025 0 3142523 16880730 16880730 1035479 463365 572114 1991629 367607 1624022 461440 120233 341207 200771 43595 157176 400316 331033 69283 559380 559380 219408 6152 213256 204364 170288 34076 38115 12792 25323 10008 8145 1863 19034 14711 4323 PURCHASED SERVICES 600441 600441 BANK CHARGES 93448 93448 DUES & LICENSES 59164 58110 1054 OTHER EXPENSES 26814 16322 10492 5603 5603 22806144 16880730 2311845 3613569 2556761 4524522 12340015 9026971 1188580 1159533 48080 29047 38517151 49263497 34455057 33004123 9174 28858 87926238 95877018 4119734 7279423 4119734 7279423 X 83806504 88597595 83806504 88597595 87926238 95877018 X 1090939 3795459 -590512 495205 X 0 1 X 1 0 X 12374111 8663072 14493222 18877264 15098535 69506204 12374111 8663072 14493222 18877264 15098535 69506204 8347843 61158361 2380452 1045692 1278661 2420564 3239704 10365073 410505 54018 86415 501730 365130 1417798 81289075 24832819 0.75240 0.75300 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 58358323 485371 7297992 2303313 63838373 67163421 933047 -7440537 2297608 58358323 57700389 2426002 8789317 1752287 67163421 54094960 245656 4804884 1445111 57700389 46945164 2505599 6283754 1639557 54094960 0.35800 0.64200 0.00000 1 0 981513 952466 29047 207067 207067 0 29047 INVESTMENTS IN LIMITED PSHIPS 33004123 F 33004123 CRT RESERVE 157301 CGA LIABILITY 126202 INTERCOMPANY PAYABLE 6995920 7279423 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, 2023 OR 2022. CHILDREN'S IS NOT SUBJECT TO AN INCOME TAX EXAMINATION FOR YEARS BEFORE 2020. MN STAR GALA 2792095 2514105 277990 12594 160175 4453 463797 CHILDREN'S GOLF 291063 222703 68360 11620 17931 51793 3083158 2736808 346350 11620 12594 178106 4453 515590 722363 -376013 18780 9150 0 18780 9150 9150 9630 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 JENNIFER GIESE 2525 CHICAGO AVENUE S MINNEAPOLIS MN 55404 0 ANNIE WATERS 362712 ADMINISTRATION X 0 1 CHILDREN'S HEALTH CARE 2525 CHICAGO AVENUE SOUTH MINNEAPOLIS MN 554040000 411754276 501(C)(3) 15974351 827375 FMV TOYS & OTHER ITEMS HEALTHCARE WILD ABOUT CHILDREN 317 WASHINGTON STREET SAINT PAUL MN 55102 900518400 501(C)(3) 16500 0 FMV SPONSORSHIP CHILDREN'S CLINIC NETWORK 2525 CHICAGO AVENUE SOUTH MINNEAPOLIS MN 554040000 453765330 501(C)(3) 62504 0 FMV HEALTHCARE 3 0 PART I, LINE 2: DURING CALENDAR YEAR 2023, 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 1277144 0 435965 0 19404 0 332398 0 24180 0 2089091 0 0 BRENDA MCCORMICK SVP & CFO 0 671566 0 163219 0 81247 0 16376 0 27960 0 960368 0 70901 JENNIFER SODERHOLM CDO & FOUNDATION PRESIDENT 430279 64506 0 117237 0 49945 0 19800 0 11413 430279 262901 43155 0 ANNIE WATERS VP FOUNDATION OPERATIONS 252451 0 68441 0 12437 0 19423 0 9959 0 362711 0 11759 0 EMILY PRYOR WINTON DEPUTY GENERAL COUNSEL, BOARD SECRET 0 242902 0 41446 0 0 0 12540 0 26507 0 323395 0 0 JOSLYN BIEVER VP PHILANTHROPY 220260 0 50856 0 756 0 6246 0 15622 0 293740 0 0 0 TERI CANNON DIRECTOR OF DEVELOPMENT 127763 0 20690 0 0 0 9280 0 25728 0 183461 0 0 0 DANIEL LANTZ SR MGR GIFT ADMIN & IT 118754 0 23005 0 127 0 9355 0 23463 0 174704 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 4-B 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 2023: BRENDA MCCORMICK: $70,901 JENNIFER SODERHOLM: $43,155 ANNIE WATERS: $11,759 FORM 990, PART III, LINE 4A AS AN INDEPENDENT, NOT-FOR-PROFIT HEALTH CARE SYSTEM, CHILDREN'S PROVIDES CARE THROUGH 14,475 INPATIENT ADMISSIONS, 85,200 EMERGENCY ROOM VISITS AND CARED FOR 389,372 PRIMARY CARE, SPECIALTY CARE AND REHAB VISITS IN 2023. 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 495,205. 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