2025-05-14T07:19:49-05:00 2024-06-30 135565207 KPMG LLP MISSION TOWERS I 3975 FREEDOM CIRCLE DR SANTA CLARA CA 95054 990 2023-07-01 953545901 RADY CHILDREN'S HOSPITAL AND HEALTH CENTER RADY 8585761700 3020 CHILDRENS WAY MC 5001 SAN DIEGO CA 921234282 JAMES J ULI JR CFO & TREASURER 8585761700 2025-05-06 1 0 HOLLY K MOEN P01800653 4083675764 2025-05-02 2023 2025-03-06 01:10:19Z PATRICK A FRIAS MD 3020 CHILDRENS WAY MC 5001 SAN DIEGO CA 921234282 70070010 0 X WWW.RCHSD.ORG X 1980 CA SEE SCHEDULE O 26 26 0 0 8956718 2781157 0 0 0 0 3082258 7529800 0 0 3082258 7529800 0 0 0 0 0 0 0 0 0 173679 736580 173679 736580 2908579 6793220 111507625 118685609 3564653 2248173 107942972 116437436 X SEE SCHEDULE O 0 0 THE ORGANIZATION MAINTAINS, OPERATES, AND RAISES FUNDS FOR, AND OTHERWISE SUPPORTS RADY CHILDREN'S HOSPITAL - SAN DIEGO. 1 0 0 0 0 0 0 0 0 1 0 1 0 0 1 1 0 1 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 0 0 0 1 1 1 BD 0 0 0 0 0 0 0 0 0 0 X 26 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X NISHANTHA RATNAYAKE 8585761700 3020 CHILDRENS WAY MC 5001 SAN DIEGO CA 921234282 PAUL J HERING CHAIR 2.00 12.00 X X 0 0 0 BYRON SCOTT MD VICE CHAIR 4.00 4.00 X X 0 0 0 LISA A BARKETT VOTING MEMBER (THRU 6/30/24) 2.00 2.00 X 0 0 0 DOUG ARTHUR EX-OFFICIO WITH VOTE 2.00 6.00 X 0 0 0 MICHAEL J FARRELL VOTING MEMBER 2.00 2.00 X 0 0 0 LYNN SCHENK VOTING MEMBER 2.00 2.00 X 0 0 0 MICHAEL A FRIEDMAN MD VOTING MEMBER 2.00 4.00 X 0 0 0 JOHN M GILCHRISTJR VOTING MEMBER (THRU 6/30/24) 2.00 4.00 X 0 0 0 DAVID F HALE VOTING MEMBER (THRU 6/30/24) 2.00 6.00 X 0 0 0 DEBRA L REED-KLAGES VOTING MEMBER 2.00 4.00 X 0 0 0 CATHERINE J MACKEY PHD VOTING MEMBER (THRU 6/30/24) 2.00 4.00 X 0 0 0 GDIEGO MIRALLES MD VOTING MEMBER 2.00 4.00 X 0 0 0 HENRY L NORDHOFF VOTING MEMBER 2.00 6.00 X 0 0 0 MICHAEL P PECKHAM VOTING MEMBER 2.00 6.00 X 0 0 0 HARRY M RADY VOTING MEMBER 2.00 4.00 X 0 0 0 THEODORE D ROTH VOTING MEMBER 2.00 2.00 X 0 0 0 DONALD J ROSENBERG ESQ VOTING MEMBER 2.00 4.00 X 0 0 0 MICHAEL R STONE VOTING MEMBER 2.00 2.00 X 0 0 0 VANESSA V WERTHEIM PHD VOTING MEMBER 2.00 4.00 X 0 0 0 JOHN CARETHERS MD EX-OFFICIO WITH VOTE 2.00 2.00 X 0 0 0 SCOTT N WOLFE VOTING MEMBER 2.00 4.00 X 0 0 0 DAN LESSER MD EX-OFFICIO WITH VOTE (THRU 12/31/23) 2.00 4.00 X 0 0 0 ANDREW J SKALSKY MD EX-OFFICIO WITH VOTE (THRU 12/31/23) 2.00 2.00 X 0 0 0 PRADEEP KHOSLA PHD EX-OFFICIO WITH VOTE 2.00 2.00 X 0 0 0 JOHN STOBO MD EX-OFFICIO WITH VOTE (THRU 6/1/24) 2.00 2.00 X 0 0 0 S DOUGLAS HUTCHESON VOTING MEMBER 2.00 8.00 X 0 0 0 JOSEPH BEERY VOTING MEMBER 2.00 4.00 X 0 0 0 ROMEO IGNACIO MD VOTING MEMBER 2.00 2.00 X 0 0 0 SHELBY LEUIN MD VOTING MEMBER 2.00 4.00 X 0 0 0 PATRICK FRIAS MD PRESIDENT & CEO 2.00 38.00 X 0 2012179 41787 JAMES J ULI JR SVP, CFO, TREASURER 2.00 38.00 X 0 951239 23363 ANGELA M VIEIRA GENERAL COUNSEL 2.00 38.00 X 0 711602 134380 BELINDA SANTOS-RAMIREZ BOARD ADMIN & CHIEF OF STAFF 2.00 38.00 X 0 138025 13192 NICHOLAS HOLMES MD SR VP, COO 2.00 38.00 X 0 999430 41453 JILL STRICKLAND SR VP, CAO 1.00 39.00 X 0 757822 32118 GAIL KNIGHT MD SR VP, CMO 2.00 38.00 X 0 1207560 13777 STEPHEN JENNINGS SR VP, CHIEF EXTERNAL AFFAIRS OFFICER 0.00 40.00 X 0 737355 85542 CHARLES B DAVIS SR. VP & INTERIM COO 1.00 39.00 X 0 769514 50955 DONALD B KEARNS PRESIDENT EMERITUS 0.00 10.00 X 0 144746 -21392 0 8429472 415175 0 1 1 0 0 2948667 8956718 -6008051 67121343 62540210 4581133 4581133 4581133 7529800 0 8956718 -1426918 249814 249814 133817 133817 LICENSES/TAXES 352949 352949 736580 0 736580 0 150 150 2426859 2498440 71709576 79714583 36861010 35944521 510030 527915 111507625 118685609 3564653 2248173 3564653 2248173 X 107077052 115423383 865920 1014053 107942972 116437436 111507625 118685609 X 6793220 2745012 -1043768 X 0 1 X 1 0 X X 1 RADY CHILDREN'S HOSPITAL SAN DIEGO 951691313 3 0 0 736580 1 0 736580 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 PART IV, SECTION A, QUESTION 1: RADY CHILDREN'S HOSPITAL AND HEALTH CENTER (RCHHC) IS THE SOLE MEMBER OF RADY CHILDREN'S HOSPITAL SAN DIEGO (RCHSD). THIS ORGANIZATION, ALONG WITH THE OTHER EXEMPT ORGANIZATIONS LISTED ON SCHEDULE R, PART II, ARE PART OF THE RADY CHILDREN'S HOSPITAL AND HEALTH CENTER HEALTH SYSTEM. RCHHC AND RCHSD HAVE THE SAME PRESIDENT & CEO, THE SAME CFO, AND THE DIRECTORS ARE THE SAME FOR BOTH ORGANIZATIONS. PART IV, SECTION A, QUESTION 6: RCHHC ALSO PROVIDES SUPPORT TO THE OTHER EXEMPT ORGANIZATIONS LISTED ON SCHEDULE R PART II. THESE ORGANIZATIONS ARE PART OF THE RADY CHILDREN'S HOSPITAL AND HEALTH CENTER HEALTH SYSTEM. 149503802 12913822 14266782 4885893 212444 171586069 150096490 2941477 2637022 5964478 206709 149503802 144331521 15072302 -2487608 6699197 120528 150096490 114591220 4258030 29121590 3568781 70538 144331521 112673421 5561460 701427 4235454 109634 114591220 0.43930 0.44880 0.11190 1 1 1 0 INVESTMENTS IN LIMITED PARTNERSHIPS 11502401 F INVESTMENT IN RCPMS 743991 F INVESTMENT IN CHIRPL 22071129 F INVESTMENT IN CPHC 1627000 F 35944521 PAYABLE TO BENEFICIARIES 179706 PAYABLE TO AFFILIATE 2068467 2248173 X PART V, LINE 4: RADY CHILDREN'S BOARD DESIGNATED ENDOWMENT FUNDS SUPPORT THE HIGHEST AND MOST URGENT NEEDS OF THE ORGANIZATION AS DETERMINED BY THE BOARD OF TRUSTEES. IN ADDITION, DONOR DESIGNATED (OR RESTRICTED) ENDOWMENT FUNDS SUPPORT A WIDE RANGE OF INITIATIVES IDENTIFIED BY DONORS. PART X, LINE 2: RCHHC RECOGNIZES AND MEASURES THE TAX BENEFIT FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED, BASED SOLELY ON ITS TECHNICAL MERITS, WITH THE TAXING AUTHORITY HAVING FULL KNOWLEDGE OF ALL RELEVANT INFORMATION. RCHHC RECORDS LIABILITIES FOR UNRECOGNIZED TAX BENEFITS FROM UNCERTAIN TAX POSITIONS AS DISCRETE TAX ADJUSTMENTS IN THE FIRST PERIOD THAT THE MORE LIKELY THAN NOT THRESHOLD IS NOT MET. RCHHC HAS NOT TAKEN ANY SIGNIFICANT UNCERTAIN TAX POSITIONS THEREFORE NO LIABILITY (OR ASSET) HAS BEEN RECOGNIZED AS OF JUNE 30, 2024. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, INVESTMENTS 705552840 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM INVESTMENTS 13288759 NORTH AMERICA INVESTMENTS 8019873 CENTRAL AMERICA AND THE CARIBBEAN PROGRAM SERVICES OFFSHORE CAPTIVE MGMT 329718 0 0 0 0 0 0 727191190 0 727191190 1 0 1 0 1 0 PART I, LINE 3: THE AMOUNTS LISTED ARE REPORTED ON AN ACCRUAL METHOD OF ACCOUNTING. 0 1 0 0 0 0 0 0 0 PATRICK FRIAS MD PRESIDENT & CEO 0 1278846 0 410805 0 322528 0 9900 0 31887 0 2053966 0 0 GAIL KNIGHT MD SR VP, CMO 0 631463 0 143263 0 432834 0 9900 0 3877 0 1221337 0 0 NICHOLAS HOLMES MD SR VP, COO 0 684642 0 179877 0 134911 0 9900 0 31553 0 1040883 0 0 JAMES J ULI JR SVP, CFO, TREASURER 0 688813 0 178458 0 83968 0 9900 0 13463 0 974602 0 0 ANGELA M VIEIRA GENERAL COUNSEL 0 528611 0 115173 0 67818 0 118808 0 15572 0 845982 0 0 STEPHEN JENNINGS SR VP, CHIEF EXTERNAL AFFAIRS OFFICE 0 516235 0 111661 0 109459 0 63470 0 22072 0 822897 0 0 CHARLES B DAVIS SR. VP & INTERIM COO 0 544467 0 112571 0 112476 0 47413 0 3542 0 820469 0 0 JILL STRICKLAND SR VP, CAO 0 557055 0 135769 0 64998 0 9900 0 22218 0 789940 0 0 BELINDA SANTOS-RAMIREZ BOARD ADMIN & CHIEF OF STAFF 0 130885 0 7140 0 0 0 9212 0 3980 0 151217 0 0 DONALD B KEARNS PRESIDENT EMERITUS 0 144746 0 0 0 0 0 -21392 0 0 0 123354 0 0 PART I, LINE 3 RADY CHILDREN'S HOSPITAL AND HEALTH CENTER RELIED ON A RELATED ORGANIZATION, RADY CHILDREN'S HOSPITAL - SAN DIEGO, THAT USED ONE OR MORE OF THE METHODS DESCRIBED IN SCHEDULE J, PART I, LINE 3, TO ESTABLISH THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL'S COMPENSATION. SEE FORM 990, PART VI, SECTION B, LINE 15 FOR ADDITIONAL INFORMATION. PART I, LINE 4B RADY CHILDREN'S HOSPITAL - SAN DIEGO HAS ESTABLISHED A NON-QUALIFIED PLAN PURSUANT TO 457(F) OF THE INTERNAL REVENUE CODE IN WHICH CERTAIN INDIVIDUALS LISTED ON THE FORM 990, PART VII AND SCHEDULE J ARE PARTICIPANTS. THE PURPOSE OF THIS PLAN IS TO INCENTIVIZE ELIGIBLE SENIOR MANAGEMENT EMPLOYEES (PRESIDENT, SENIOR VICE PRESIDENTS, VICE PRESIDENTS, SENIOR MANAGING DIRECTORS) IN RECOGNITION OF THE FACT THAT THEY ARE REQUIRED TO DEVOTE SIGNIFICANT AMOUNTS OF TIME, SKILL AND ENERGY TO THE ORGANIZATION. ONCE VESTED AND NOT OTHERWISE DEFERRED, THE AMOUNTS UNDER THIS PLAN ARE REPORTED ON FORM W-2 AS TAXABLE COMPENSATION TO THE INDIVIDUAL. FOLLOWING INDIVIDUALS RECEIVED PAYMENTS FROM THE PLAN DURING CALENDAR YEAR 2023: ANGELA VIEIRA ($55,818), GAIL KNIGHT, MD ($417,834), CHARLES DAVIS ($97,476), JAMES J. ULI, JR ($68,968), NICHOLAS HOLMES, MD ($119,911), AND STEPHEN JENNINGS ($94,459), PATRICK FRIAS, MD ($268,917), AND JILL STRICKLAND ($49,998). FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: THE ORGANIZATION MAINTAINS, OPERATES, AND RAISES FUNDS FOR, AND OTHERWISE SUPPORTS RADY CHILDREN'S HOSPITAL - SAN DIEGO. FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: RADY CHILDREN'S HOSPITAL AND HEALTH CENTER (RCHHC) WAS FORMED TO ACQUIRE, ESTABLISH, MAINTAIN, CONDUCT, OPERATE, RAISE FUNDS FOR, AND OTHERWISE SUPPORT, DIRECTLY OR INDIRECTLY THROUGH ITS AFFILIATES, FACILITIES AND PROGRAMS FOR THE BENEFIT OF CHILDREN AND ADULTS WITH DISEASES, DISORDERS, AND OTHER HEALTH PROBLEMS OF PEDIATRIC ORIGIN, INCLUDING PROVIDING RESOURCES FOR CHARITY CARE, RESEARCH, AND EDUCATION. IN ADDITION, RCHHC SOLICITS AND RECEIVES GRANTS AND DONATIONS TO BE USED TO PROMOTE AND ADVANCE THE WELFARE AND ACTIVITIES OF ITS AFFILIATES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS REVIEWED BY THE CHIEF FINANCIAL OFFICER AND THEN PROVIDED TO THE ORGANIZATION'S AUDIT AND CORPORATE RESPONSIBILITY COMMITTEE FOR REVIEW. FOLLOWING REVIEW BY THE COMMITTEE, THE FORM 990 WAS FINALIZED, SIGNED AND SUBMITTED TO THE INTERNAL REVENUE SERVICE. A COMPLETE COPY OF THE FORM 990 WAS PROVIDED TO EACH VOTING BOARD MEMBER PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS AND UPON ELECTION OR APPOINTMENT, THE POLICY AND DISCLOSURE STATEMENT IS DISTRIBUTED TO ALL BOARD MEMBERS, OFFICERS, AND KEY EMPLOYEES AND MEDICAL STAFF LEADERS. ALL COMPLETED AND SIGNED STATEMENTS ARE RETURNED TO THE CORPORATE COMPLIANCE OFFICER FOR REVIEW. IF A PERSON DISCLOSES A POTENTIAL OR ACTUAL CONFLICT, THE PERSON WITH THE CONFLICT OF INTEREST IS EXCLUDED FROM ANY DISCUSSION OR APPROVAL OF SUCH TRANSACTION. FINANCIAL INTEREST DISCLOSURES BY BOARD MEMBERS AND OFFICERS ARE BROUGHT TO THE RCHHC BOARD OF TRUSTEES OR THE AUDIT AND CORPORATE RESPONSIBILITY COMMITTEE FOR REVIEW AND, AS NEEDED, APPROPRIATE ACTION. FINANCIAL INTEREST DISCLOSURES BY KEY EMPLOYEES AND MEDICAL STAFF LEADERS ARE REVIEWED BY THE CORPORATE COMPLIANCE OFFICER AND REFERRED TO THE PRESIDENT AND CHIEF EXECUTIVE OFFICER OR TO THE RCHHC BOARD OF TRUSTEES. THE CORPORATE COMPLIANCE OFFICER REPORTS ANNUALLY TO THE EXECUTIVE CORPORATE COMPLIANCE COMMITTEE AND THE AUDIT AND CORPORATE RESPONSIBILITY COMMITTEE A SUMMARY OF ALL DISCLOSURES AND ACTION TAKEN, IF ANY. ALL OTHER EMPLOYEES ARE REQUIRED TO COMPLETE A DISCLOSURE STATEMENT ON AN ANNUAL BASIS THAT IS REVIEWED BY THE CORPORATE COMPLIANCE OFFICER. FORM 990, PART VI, SECTION B, LINE 15 RADY CHILDREN'S HOSPITAL - SAN DIEGO WORKING THROUGH THE BOARD COMPENSATION COMMITTEE HAS A PROCESS FOR ESTABLISHING, REVIEWING AND APPROVING COMPENSATION OF OFFICERS AND KEY EMPLOYEES OF THE ORGANIZATION ON A NO LESS THAN AN ANNUAL BASIS. THE COMPENSATION COMMITTEE IS COMPRISED OF INDEPENDENT, LAY MEMBERS OF THE BOARD OF TRUSTEES. PRIOR TO CONDUCTING ITS REVIEW, THE CHAIR OF THE COMPENSATION COMMITTEE DETERMINES WHETHER ANY MEMBER HAS A CONFLICT OF INTEREST WITH RESPECT TO THE MATTER(S) UNDER REVIEW. IF THERE IS A CONFLICT, THE CONFLICTED MEMBER RECUSES HIMSELF/HERSELF AND IS NOT PRESENT DURING DISCUSSION OR VOTE ON THE ARRANGEMENT UNDER REVIEW. IN DETERMINING AND APPROVING THE COMPENSATION ARRANGEMENT, THE COMMITTEE CONSIDERS ALL COMPONENTS OF COMPENSATION. IT CONSIDERS COMPARABILITY DATA AND RETAINS AN INDEPENDENT COMPENSATION CONSULTANT TO PROVIDE COMPARABILITY DATA TO THE COMMITTEE. TOTAL COMPENSATION IS TARGETED TO BE BETWEEN THE 50TH AND 75TH PERCENTILES OF THE COMPARABILITY DATA. THE COMMITTEE'S DELIBERATIONS AND DECISIONS ARE DOCUMENTED IN MINUTES THAT ARE REVIEWED AT ITS NEXT MEETING OR SIXTY DAYS AFTER ACTION. THE COMMITTEE'S WRITTEN RECORDS INCLUDE THE (1) TERMS OF THE ARRANGEMENT WITH THE DISQUALIFIED PERSON (INCLUDING THE DATE THE ARRANGEMENT WAS APPROVED); (2) A LIST OF MEMBERS PRESENT DURING THE DISCUSSION OF THE TRANSACTION (AND HOW THE MEMBERS VOTED WHEN IT WAS APPROVED); AND (3) A DESCRIPTION OF THE COMPARABLE DATA RELIED ON BY THE COMMITTEE AND HOW IT WAS OBTAINED. FORM 990, PART VI, SECTION C, LINE 19 WHILE FEDERAL TAX LAWS DO NOT MANDATE THAT THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS BE MADE AVAILABLE FOR PUBLIC INSPECTION, THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE - SPLIT INTEREST AGREEMENTS 25,089. INTERCOMPANY TRANSFER 736,292. INVESTMENT IN CHIRPL 991,718. INVESTMENT IN RCPMS -2,796,867. RADY CHILDREN'S HOSPITAL - SAN DIEGO 3020 CHILDRENS WAY 5001 SAN DIEGO CA 92123 951691313 HOSPITAL CA 501(C)(3) LINE 3 RCHHC 1 RADY CHILDREN'S HOSPITAL RESEARCH CENTER 3020 CHILDRENS WAY 5001 SAN DIEGO CA 92123 953814185 RESEARCH CA 501(C)(3) LINE 12A, I RCHHC 1 RADY CHILDREN'S HEALTH SERVICES SAN DIEGO 3020 CHILDRENS WAY 5001 SAN DIEGO CA 92123 330278018 SUPPORT RCHSD CA 501(C)(3) LINE 12A, I RCHSD 0 RADY CHILDREN'S HOSPITAL FOUNDATION SAN DIEGO 3020 CHILDRENS WAY 5001 SAN DIEGO CA 92123 330170626 FUNDRAISING CA 501(C)(3) LINE 7 RCHHC 1 STEPSTONE SECONDARY OPPORTUNITIES FUND LP 4225 EXECUTIVE SQUARE SUITE 100 LA JOLLA CA 92037 264187891 INVESTING CA RCHHC EXCLUDED -127799 0 0 0.99010 CHILDREN'S HOSPITAL INTEGRATED RISK PROTECTIVE LTD DORCHESTER HOUSE PO BOX 2020 HAMILTON BD HM HY CAPTIVE INSURANCE BD RCHHC C 991719 35481149 1.00000 1 RADY CHILDREN'S PHYSICIAN MANAGEMENT SER 3860 CALLE FORTUNADA SUITE 200 SAN DIEGO CA 921234282 330670694 MANAGEMENT SVCS CA RCHHC C 84526548 47325220 1.00000 1 CHILDREN'S HOSPITAL INSURANCE LIMITED CANONS COURT 22 VICTORIA STREET HAMILTON HM 12 BD CAPTIVE INSURANCE BD CHIRP C 999903 35486796 1.00000 1 CRUT(1) 3020 CHILDRENS WAY MC 5133 SAN DIEGO CA 921234282 CRUT CA RCHHC T 1.00000 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 RADY CHILDREN'S PHYSICIAN MGMT SVCS A 1452630 SEE PART VII CHILDREN'S HOSPITAL INTEGRATED RISK PROTECTIVE LIMITED P 329718 ACCRUAL