2025-07-29T15:53:33-05:00 2024-09-30 010494526 Baker Newman & Noyes LLC 280 Fore Street Portland ME 04101 990 2023-10-01 042943146 Children's Orthopaedic Surgery FoundationInc CHIL 6173552460 300 Longwood Avenue HU221 Boston MA 02115 Martha M Murray MD President 6173552460 2025-07-29 0 0 Nicholas E Porto P01310283 8002447444 2025-07-29 2023 2025-03-06 01:10:19Z Martha M Murray MD 300 Longwood Avenue HU221 Boston MA 02115 96989917 0 X N/A X 1986 MA The Foundation provides orthopaedic surgery services, medical research, and (see Schedule O) educational services to Boston Children's Hospital and Harvard Medical School. The Foundation also provides care for patients located in Massachusetts in need of orthopaedic services, regardless of their ability to pay, as well as providing and supporting hospital and community based services that are limited in the community. X 34 0 50 0 -10700 0 440297 516841 74584190 84353486 1055802 4709849 0 0 76080289 89580176 6851136 26124592 0 0 64487340 63521185 0 0 0 13264027 16278287 84602503 105924064 -8522214 -16343888 148452842 149096569 35131819 66244780 113321023 82851789 X The Foundation provides orthopaedic surgery services to patients at Boston Children's Hospital and at satellite locations. The mission strives to provide care for patients with a wide range of developmental, congenital, neuromuscular, and post (see Schedule O) traumatic problems of the musculoskeletal system. The Foundation also provides care for patients in need of orthopaedic services, regardless of their ability to pay. 0 0 99196480 26124592 82858047 The Foundation provides orthopaedic surgery services primarily to patients at Boston Children's Hospital and at satellite locations. The Foundation may charge for patient care and other medical services, provided that any net income is used exclusively for the charitable, scientific, and educational purposes for which the Foundation was created. The Foundation also provides care for patients in need of orthopaedic services regardless of their ability to pay, as well as providing hospital and community based services that are limited in the community. 3067932 1495439 The Foundation carries on and promotes basic and applied medical research and education in the field of orthopaedics by teaching students and other medical and scientific personnel; by providing or supplementing income to research personnel through fellowships, research grants, and stipends; and by giving lectures and publishing information concerning conditions and research results in the field of pediatric orthopaedics in order to educate the general public and the medical profession. 102264412 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 0 1 50 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 34 0 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X Donald S Bae MD 6173558699 300 Longwood Avenue Boston MA 02115 Mininder S Kocher MD Director 55.00 5.00 X 2342292 0 112309 Benton E Heyworth MD Director 60.00 0.00 X 1399232 0 118190 Benjamin J Shore MD Director 60.00 0.00 X 1723611 0 105288 Eduardo N Novais MD Director 60.00 0.00 X 1615602 0 105030 Young-Jo Kim MD Director 55.00 5.00 X 1441431 0 86518 Daniel J Hedequist MD Director 60.00 0.00 X 1453765 0 112862 Donald S Bae MD Treasurer 60.00 0.00 X X 1275827 0 99666 Collin May MD Director 60.00 0.00 X 954771 0 75778 Dennis E Kramer MD Director 60.00 0.00 X 1260403 0 135769 Carley Vuillermin MD Director 60.00 0.00 X 1085429 0 3600 Andrea Bauer MD Director 60.00 0.00 X 1098032 0 108274 Matthew D Milewski MD Director 60.00 0.00 X 1341966 0 101336 Colyn J Watkins MD Director 60.00 0.00 X 1200477 0 101336 Yi-Meng Yen MD Director 60.00 0.00 X 1261579 0 108933 M Timothy Hresko MD Director 60.00 0.00 X 800532 0 83603 John B Emans MD Director 60.00 0.00 X 286833 0 103091 Samantha A Spencer MD Clerk 60.00 0.00 X X 754053 0 81030 Travis H Matheney MD Director 60.00 0.00 X 1182659 0 71600 Megan Hannon MD Director 60.00 0.00 X 598808 0 101840 Lawrence I Karlin MD Director (10/23-1/24) 60.00 0.00 X 159321 0 56043 Melissa Christino MD Director 60.00 0.00 X 838051 0 85492 Susan Mahan MD Director 60.00 0.00 X 522110 0 101336 Brian Snyder MD Director 60.00 0.00 X 821382 0 86056 Michael B Millis MD Director 60.00 0.00 X 125874 0 29130 Martha M Murray MD President 60.00 0.00 X X 903838 0 71753 Craig Birch MD Director 60.00 0.00 X 1258500 0 85143 Grant Hogue MD Director 60.00 0.00 X 1618287 0 101336 Kiriaki C White MD Director 60.00 0.00 X 435601 0 71600 Michael Beasley MD Director (10/23-3/24) 60.00 0.00 X 608695 0 84026 Rebecca Vieira MD Director 60.00 0.00 X 507949 0 3600 Michelle Mo MD Director 60.00 0.00 X 878936 0 71600 Kristin Livingston MD Director 60.00 0.00 X 356609 0 3600 Aristides Cruz MD Director (3/24-9/24) 60.00 0.00 X 0 0 0 Benjamin Gundlach MD Director (6/24-9/24) 60.00 0.00 X 0 0 0 Joleen Weissert MD Director (8/24-9/24) 60.00 0.00 X 0 0 0 Physicians Org at CH Inc Institutional Trustee 2.00 0.00 X 0 0 0 Lyle J Micheli MD Physician 2.00 0.00 X 834564 0 82563 Andrea Straccolini MD Physician 20.00 0.00 X 705299 0 71600 Kathryn Ackerman MD Physician 20.00 0.00 X 788763 0 101214 Sarah Jackson MD Physician 20.00 0.00 X 717136 0 84026 William Meehan MD Physician 20.00 0.00 X 578498 0 101336 35736715 0 3107507 46 0 1 0 Massachusetts General Physicians Organiz 55 Fruit Street Boston MA 02114 Physiatry services 2485459 Harvard Medical Faculty Physicians 330 Brookline Avenue Boston MA 02215 Physician services 1270714 BWPO Dept of Orthopaedics PO Box 3684 Boston MA 02241 Fellowship services 181183 Coles & Bodoin 75 Second Ave Suite 100 Needham MA 02494 Financial Counseling Services 135403 Brownson Rehmus & Foxworth 580 White Plains Road Suite 610 Tarrytown NY 10591 Financial Counseling Services 114000 5 516841 516841 Patient service revenue 621300 56326899 56326899 Other service revenue 621300 26531148 26531148 Administrative, teaching & suppor 611710 1133664 1133664 Research, service & other revenue 541700 361775 361775 84353486 2119590 -10700 2130290 10000000 7409741 2590259 2590259 2590259 89580176 84353486 -10700 4720549 26124592 26124592 41162985 41162985 19413824 16501750 2912074 1121250 1121250 769264 769264 1053862 995455 58407 46326 46326 93775 93775 89271 89271 255831 255831 1824655 1711186 113469 2224814 2224814 53961 53961 456615 456615 84794 84794 1027138 936639 90499 Outside medical service 3785452 3785452 Administrative fees 2253076 2253076 PO management services 1257841 1257841 Billing and collection 1189653 1189653 1635085 1635085 105924064 102264412 3659652 0 30258038 33512392 6564794 8737774 66667 233333 200000 334632 342310 2039713 792719 1331788 1246994 67773107 53793408 34898318 41150754 7025498 10079604 148452842 149096569 4565685 10597378 30566134 55647402 35131819 66244780 X 108958426 78489192 4362597 4362597 113321023 82851789 148452842 149096569 X -16343888 10123672 -24249018 X X 0 1 X 1 0 X 1538749 2006735 2629291 440297 516841 7131913 55548179 66534087 66824755 74584190 84353486 347844697 57086928 68540822 69454046 75024487 84870327 354976610 0 0 0 354976610 820456 946374 1032927 1185208 2130290 6115255 820456 946374 1032927 1185208 2130290 6115255 -21520 282 -508 14335 -10700 -18111 485418 485418 58371282 69487478 70486465 76224030 86989917 361559172 0.98180 0.98490 0.01690 0.01370 X Schedule A, Part III, Line 12, Explanation of Other Income: Insurance rebate - 2019 Amount: $ 485,418. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4362597 4362597 4362597 4362597 2162597 2200000 4362597 2162597 1643440 1643440 2162597 2162597 1239217 1239217 2162597 0.00000 0.00000 1.00000 0 0 1496614 550000 946614 422477 124897 297580 120622 117822 2800 1246994 PO Pooled Investment Funds 41150754 F 41150754 Due from Boston Children's Hospital 1212214 Due from Physicians Organization at Children's Hospital, Inc. 1406342 Due from Children's Sports Medicine Foundation, Inc. 5738663 Malpractice Claims Receivable 1568674 Other Receivables 147249 Due from Brigham & Women's Hospital 500 Due from Beth Israel Deaconess Medical Center 500 Due from CHMC Surgical Foundation, Inc. 235 Due from Boston Plastic and Oral Surgery Foundation, Inc. 5227 10079604 Due to Boston Children's Hospital 17836522 Due to Children's Sports Medicine Foundation, Inc 59442 Due to Physicians Organization at Children's Hospital, Inc. 1026204 Due to Boston Pediatric Neurosurgical Foundation, Inc. 1062 Severance plan obligation 5644460 Accrued deferred compensation obligation 14648084 Accrued professional liability 3421776 Due to Boston Plastic and Oral Surgery Foundation, Inc. 4248 Due to Medical Center 12124509 Due to Brigham and Women's Hospital 14878 Due to Beth Israel Medical Center 206968 Due to Massachusetts General Hospital 659249 55647402 X 99614577 10123672 10123672 89490905 89271 89271 89580176 105834793 0 105834793 89271 89271 105924064 Part V, Line 4: Assets limited as to use represent assets held in trust that are available to pay for future benefits to participants of the deferred compensation plans and investments whose use has been restricted by donors to a specific time period or purpose. Part X, Line 2: The Foundation is a tax-exempt corporation as described in Section 501(c)(3) of the Internal Revenue Code (the Code), and is exempt from federal income taxes on related income pursuant to Section 501(a) of the Code. In addition, the Foundation qualifies for the charitable contribution deduction under Section 170(b)(1)(A) and has been classified as an organization that is not a private foundation under Section 509(a)(2). Tax-exempt organizations could be required to record an obligation for income taxes as the result of a tax position they have historically taken on various tax exposure items, including unrelated business income or tax status. Management of the Foundation has evaluated the positions taken on the Foundation's filed tax returns and has concluded that no uncertain income tax positions exist at September 30, 2024. 1 Boston Children's Hospital 300 Longwood Avenue Boston MA 02115 042774441 501(c)(3) 26024500 0 N/A N/A General Support Orthopaedic Research and Education Foundation 9400 W Higgins Road Suite 215 Rosemont IL 60018 366009467 501(c)(3) 33000 0 N/A N/A General Support One World Surgery 510 Lake Cook Road Suite 400 Deerfield IL 60015 475128573 501(c)(3) 12500 0 N/A N/A General Support Osteogensis Imperfecta Foundation 656 Quince Orchard Road Gaithersburg MD 20878 237076021 501(c)(3) 10000 0 N/A N/A General Support Orthopaedic Research Society 9400 West Higgins Road Suite 225 Rosemont IL 60018 363180285 501(c)(3) 7400 0 N/A N/A General Support Setting Scoliosis Straight 623 Aldwych Road El Cajon CA 92020 262957475 501(c)(3) 10000 0 N/A N/A General Support 6 0 Part I, Line 2: Monitoring is provided by the Children's Orthopaedic Surgical Foundation, Inc. (the Foundation) through oversight of the terms and conditions of a written grant agreement. Multiyear agreements require yearly progress and financial reports for continuation of funding. During the year ended September 30, 2024, the Foundation only provided grant donations to other 501(c)(3) organizations. X 1 0 X X X X X 1 0 0 0 0 0 0 1 0 Mininder S Kocher MD Director 790043 0 1457707 0 94542 0 68000 0 44309 0 2454601 0 0 0 Benjamin J Shore MD Director 448154 0 1180000 0 95457 0 68000 0 37288 0 1828899 0 0 0 Eduardo N Novais MD Director 389150 0 1160000 0 66452 0 68000 0 37030 0 1720632 0 0 0 Grant Hogue MD Director 394830 0 1112000 0 111457 0 68000 0 33336 0 1719623 0 0 0 Daniel J Hedequist MD Director 507282 0 886000 0 60483 0 68000 0 44862 0 1566627 0 0 0 Young-Jo Kim MD Director 499067 0 885000 0 57364 0 68000 0 18518 0 1527949 0 0 0 Benton E Heyworth MD Director 319548 0 1030000 0 49684 0 68000 0 50190 0 1517422 0 0 0 Matthew D Milewski MD Director 447282 0 845000 0 49684 0 68000 0 33336 0 1443302 0 0 0 Dennis E Kramer MD Director 339514 0 835000 0 85889 0 68000 0 67769 0 1396172 0 0 0 Donald S Bae MD Treasurer 359999 0 860000 0 55828 0 68000 0 31666 0 1375493 0 0 0 Yi-Meng Yen MD Director 354880 0 755000 0 151699 0 68000 0 40933 0 1370512 0 0 0 Craig Birch MD Director 260353 0 950000 0 48147 0 68000 0 17143 0 1343643 0 0 0 Colyn J Watkins MD Director 257330 0 895000 0 48147 0 68000 0 33336 0 1301813 0 0 0 Travis H Matheney MD Director 389999 0 762500 0 30160 0 68000 0 3600 0 1254259 0 0 0 Andrea Bauer MD Director 304885 0 745000 0 48147 0 68000 0 40274 0 1206306 0 0 0 Carley Vuillermin MD Director 320429 0 765000 0 0 0 0 0 3600 0 1089029 0 0 0 Collin May MD Director 316677 0 580000 0 58094 0 68000 0 7778 0 1030549 0 0 0 Martha M Murray MD President 699999 0 145000 0 58839 0 68000 0 3753 0 975591 0 0 0 Michelle Mo MD Director 297853 0 535000 0 46083 0 68000 0 3600 0 950536 0 0 0 Melissa Christino MD Director 399890 0 375000 0 63161 0 68000 0 17492 0 923543 0 0 0 Lyle J Micheli MD Physician 479999 0 352500 0 2065 0 68000 0 14563 0 917127 0 0 0 Brian Snyder MD Director 305554 0 460000 0 55828 0 68000 0 18056 0 907438 0 0 0 Kathryn Ackerman MD Physician 250000 0 485000 0 53763 0 68000 0 33214 0 889977 0 0 0 M Timothy Hresko MD Director 535168 0 208000 0 57364 0 68000 0 15603 0 884135 0 0 0 Samantha A Spencer MD Clerk 339369 0 365000 0 49684 0 68000 0 13030 0 835083 0 0 0 Sarah Jackson MD Physician 250426 0 420000 0 46710 0 68000 0 16026 0 801162 0 0 0 Andrea Straccolini MD Physician 299999 0 350000 0 55300 0 68000 0 3600 0 776899 0 0 0 Megan Hannon MD Director 249735 0 285000 0 64073 0 68000 0 33840 0 700648 0 0 0 Michael Beasley MD Director (10/23-3/24) 329890 0 215000 0 63805 0 68000 0 16026 0 692721 0 0 0 William Meehan MD Physician 249735 0 275000 0 53763 0 68000 0 33336 0 679834 0 0 0 Susan Mahan MD Director 231282 0 235000 0 55828 0 68000 0 33336 0 623446 0 0 0 Rebecca Vieira MD Director 189036 0 278000 0 40913 0 0 0 3600 0 511549 0 0 0 Kiriaki C White MD Director 174999 0 235000 0 25602 0 68000 0 3600 0 507201 0 0 0 John B Emans MD Director 96005 0 135000 0 55828 0 56250 0 46841 0 389924 0 0 0 Kristin Livingston MD Director 133332 0 225000 0 -1723 0 0 0 3600 0 360209 0 0 0 Lawrence I Karlin MD Director (10/23-1/24) 157256 0 0 0 2065 0 37500 0 18543 0 215364 0 0 0 Michael B Millis MD Director 68510 0 0 0 57364 0 15000 0 14130 0 155004 0 0 0 Part I, Line 1a The Foundation provides gross-up payments for mortgage forgiveness, tuition payments, long-term disability insurance, life insurance, and tax preparation fees. These payments are included as taxable wages during the year. All permanent full-time employees of the Foundation are eligible for the gross-up payments. Part I, Line 4a The Foundation established a nonqualified severance benefit plan called the Children's Orthopaedic Surgery Foundation, Inc. Severance Benefit Plan, effective as of September 1, 1991, to supplement the severance, death or disability benefits available to certain employees of the Foundation. The Board of Directors designates eligible employees and determines benefits. The Severance Benefit Plan was frozen as of December 31, 2004. Although the assets of the trust have been irrevocably set aside for payment of deferred compensation benefits, they are subject first to the claims of the Foundation's creditors in the event the Foundation is subject to bankruptcy proceedings. Part I, Line 7 The Children's Orthopaedic Surgery Foundation, Inc. (the Foundation) paid bonus compensation based on revenues of the Foundation. Bonuses are normally paid in June and December. There is an income statement maintained for each physician. The bonuses are based on the excess balance accumulated in each physician's income statements, the performance of the physician during the six month period, the necessary reserve requirement of the three month's salary plus any other reserve deemed appropriate by the Chief of the Department. Bonus compensation is determined by the Chief of the Foundation. The amounts are discretionary based on various factors, including but not limited to the financial performance of the Foundation. Part II: Various individuals listed in Form 990, Part VII are compensated for services rendered to an unrelated organization, Children's Sports Medicine Foundation, Inc. Salary and benefit information reported in Form 990 Part VII and Schedule J, Part II represents compensation for services the individuals provided to both organizations. As an allocation of compensation specific to the Foundations cannot be readily performed, the respective individuals' total salary and benefits have been reported on the Foundation's Form 990 in accordance with Internal Revenue Service instructions. Kristin Whitney MD Director Recruitment X 100000 33333 0 1 1 Michelle Mo MD Director Recruitment X 100000 100000 0 1 1 Kristin Livingston MD Director Recruitment X 100000 100000 0 1 1 233333 Schedule L, Part II: The Foundation has provided secured forgivable loans to employees. The loans bear carrying interest rates up to 4.89%. In most cases, the Foundation forgives an amount equal to 20% of the principal value for each year of continued employment. The amount forgiven is included in the employee's W-2 during the year of forgiveness. At September 30, 2024, the balance of the loans outstanding is $233,333. Future principal balances due are $166,665 in 2025; and $66,668 in 2026. Loan amounts to individuals reported in Part VII have been disclosed in Schedule L, Part II, the balance of the notes receivable are with individuals who are not required to be disclosed in Schedule L per the Internal Revenue Service instructions. Cash 2024-03-31 24249018 Cash 041174680 Children's Medical Center 35 Shattuck Street Boston MA 02115 501(c)3 0 0 0 0 Form 990, Part VI, Section A, line 1a A majority of the Children's Orthopaedic Surgery Foundation, Inc.'s (the Foundation's) board members are physicians who are not independent from the Foundation. However, the Foundation participates in an integrated delivery system with Boston Children's Hospital (the Hospital), which does have a community board. The Foundation was organized in 1986. At that time, the board was composed entirely of physicians, a board structure that was approved by the Internal Revenue Service. The Foundation has since adjusted the board structure to make it more responsive to the Hospital by adding the Physicians Organization at Children's Hospital, Inc. (the PO) as a member. See Schedule O, Part VI, Questions 3, 6, 7b, and 12 for more details on the PO's rights. Form 990, Part VI, Section A, line 3 The Physicians Organization at Children's Hospital, Inc. (the PO) is the Class "C" member of Children's Orthopaedic Surgery Foundation, Inc. (the Foundation). The PO is responsible for providing management services to the Foundation. The PO has the power to approve the independent auditor and legal counsel of the Foundation from a list of firms mutually agreed to by the PO and the Foundation. The PO also has the right to review the annual budgets and review and approve the by-law changes of the Foundation. Lastly, Boston Children's Hospital has the right to review for compliance with applicable law, the general terms of and any modification to physician compensation and benefit plans for all physician employees of the Foundation. Form 990, Part VI, Section A, line 6 The Children's Orthopaedic Surgery Foundation, Inc. (the Foundation) has four classes of members. The Chief of the Department of Orthopaedic Surgery (the Department) of Boston Children's Hospital (the Hospital) is the Class "A" member. Each person who is a member of the Foundation, other than the Chief of the Department, may become a Class "B" member of the Foundation upon recommendation by the Class "A" member and approval of the Class "B" members. The Physicians Organization at Children's Hospital, Inc. is the Class "C" member of the Foundation. All full-time physicians with Harvard Medical School appointments in the Department of Orthopaedics at the Hospital (excluding the Class A member and the Class B members) shall be Class D members. Form 990, Part VI, Section A, line 7a According to the Articles of Organization, the Chief of the Department of Orthopaedic Surgery of Boston Children's Hospital is the Class "A" member of Children's Orthopaedic Surgery Foundation, Inc. (the Foundation). Each person who is a member of the Foundation, other than the Chief of the Department, is a Class "B" member of the Foundation. The Class "A and "B" members of the Foundation elect the Board of Directors from nominees presented by the Executive Committee at their annual meeting. Each member is entitled to one vote upon any question at any meeting of the members. Form 990, Part VI, Section A, line 7b The Physicians Organization at Children's Hospital, Inc. (the PO) is the Class "C" member of Children's Orthopaedic Surgery Foundation, Inc. (the Foundation). The PO is responsible for providing management services to the Foundation. The PO has the power to approve the independent auditor and legal counsel of the Foundation from a list of firms mutually agreed to by the PO and the Foundation. The PO also has the right to review the annual budgets and review and approve by-law changes of the Foundation. Lastly, Boston Children's Hospital has the right to review for compliance with applicable law, the general terms of and any modification to physician compensation and benefit plans for all physician employees of the Foundation. As the Class "C" member of the Foundation, the PO attends the Foundation's annual meeting. Form 990, Part VI, Section B, line 11b The detailed review will be conducted by the President of the Foundation, Martha M. Murray, MD; the Executive Administration Director, Kate McKiernan; and the Finance Manager Ricardo Ortiz. A copy of Form 990 will be provided to the Board prior to filing. The Physicians Organization at Children's Hospital, Inc. will review the Form 990 with the board members. The detailed review will be conducted before filing the return with the Internal Revenue Service. Form 990, Part VI, Section B, line 12c In conjunction with Boston Children's Hospital, the Physicians Organization at Children's Hospital, Inc. (the PO) administers an annual conflict of interest disclosure process to all of its member Foundations, which asks physicians (officers, top management, and highly compensated employees) and selected Foundation staff to disclose potential conflicts. A disclosure statement will be circulated annually to members of the PO. The audit committee shall determine those individuals (including medical staff members) who shall be required to complete the disclosure statement. The audit committee, at its discretion, may either: 1) refer any or all statements to the Board of Directors; 2) appoint an ad hoc committee to review and resolve any conflict of interest issues; or 3) review and resolve any conflict of interest personally or through a designee(s). Any person not receiving a disclosure statement has an affirmative obligation to disclose to the PO President, PO General Counsel, or his/her supervisor whenever he/she believes he/she has or may have a conflict of interest. Similarly, each person completing a disclosure statement has an affirmative obligation to update the statement any time circumstances change and/or he/she believes that a conflict of interest may exist. In the event a conflict of interest is found to exist, the Foundation prohibits the member from voting on any matter to which the conflict relates or otherwise influence the voting on such matter. Form 990, Part VI, Section B, line 15 Faculty compensation must comply with the Boston Children's Hospital (the Hospital) Physician Compensation Guidelines. These guidelines are developed in consultation with an independent external compensation consulting firm and are approved by independent Compensation Committee of the Board of Children's Medical Center Corporation and the Hospital. The guidelines set the maximum compensation limits based on a peer group analysis for the Foundation. The maximum compensation limits are based on pediatric specialty, sub-specialty, academic rank and include productivity adjustments. Any proposed compensation that exceeds the limits must be prospectively approved by the independent Compensation Committee of the Board of the Hospital. Annual compensation for individuals faculty members is set by the President of Children's Orthopaedic Surgery Foundation, Inc. (the Foundation), reviewed and approved by the Foundation in accordance with the Foundation's compensation policies and procedures. The Foundation's President's compensation is reviewed and approved annually on a prospective basis by the Boston Children's Hospital President/Chief Executive Officer. Form 990, Part VI, Section C, line 19 The Foundation maintains all financial records, conflict of interest policies, and governing documents at its main office at 300 Longwood Avenue, Boston, MA 02115. The documents are available upon request. Form 990, Part XI, line 9: Net assets transfer to affiliate -24,249,018. Form 990, Part XII, Line 2c: The audit process and scope has not changed from the prior year. Boston Children's Hospital 300 Longwood Avenue Boston MA 02115 042774441 Hospital MA 501(c)(3) Line 3 N/A 0 Physicians Org at Children's Hospital Inc 300 Longwood Avenue Boston MA 02115 043266103 Physician Organization MA 501(c)(3) Line 12c, III-FI N/A 0 0 1 1 0 0 0 0 0 0 0 1 1 1 1 1 1 1 0 0