2026-07-10T12:45:57+00:00 2025-08-31 346565596 ERNST & YOUNG US LLP 155 N WACKER DRIVE CHICAGO IL 60606 990 2024-09-01 363279680 Lurie Childrens Medical Group Inc LURI 3122277133 225 E CHICAGO AVE BOX 282 CHICAGO IL 606112991 ALEX P MILLER SVP, CHIEF FINANCIAL OFFICER 3122277133 2026-07-10 true true Emily Beckerman P01765498 3128792000 2026-07-10 2024 2025-03-06 01:10:19Z X Courtney A Hardy MD 225 E CHICAGO AVE BOX 282 CHICAGO IL 606112991 434004131 false X WWW.LURIECHILDRENS.ORG X 1984 IL SEE SCHEDULE O. 22 5 815 5 0 60214300 109801041 207318784 324203090 0 0 0 0 267533084 434004131 0 0 0 204730706 380050716 0 0 0 58729227 83972957 263459933 464023673 4073151 -30019542 26998201 47955578 28640043 41463634 -1641842 6491944 LCMG values excellence and innovation in clinical and basic research, coordinated and comprehensive patient care, ongoing physician education, and evidence-based child advocacy. 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X 0 0 0 James H Roth Director 1.0 1.0 X 0 0 0 Jeffrey Rastatter MD LCSF Director/Physician through 12/31/24 1.0 40.0 X 0 0 0 John T Walkup MD Ex-Officio Director/Dept Chair Psychiatry and Behavioral Health 1.0 41.0 X 0 788779 153805 Kevin Mehta Director begin 1/1/25 1.0 0 X 0 0 0 Marie Trzupek Lynch Director begin 1/1/25 1.0 0 X 0 0 0 Maureen Seaman Director begin 1/1/25 1.0 0 X 0 0 0 Nitin R Wadhwani MD Director Begin 1/1/25 1.0 0 X 0 259782 23432 Oluwatoyin Olutoye MD Ex-Officio Director/Dept Chair Anesthesia 1.0 41.0 X 0 984877 119046 Priya Verghese MD Director through 3/12/25/Physician 40.0 1.0 X 404864 0 74568 Robin Bowman MD LCSF Board Secretary/Physician through 12/31/24 1.0 40.0 X 0 0 0 Scott Compton Director Begin 1/1/25 1.0 0 X 0 289759 31685 Shankar Rajeswaran MD Director begin 1/1/25 1.0 40.0 X 0 565451 43538 Shannon Heldt PhD Ex-Officio Dir/Vice Chair/SVP & Chf of Pathology/Lab Med 1.0 41.0 X 0 331260 52408 Tara Henderson MD Ex-Officio Director/Dept Chair Pediatrics begin 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PATIENT SERVICE REVENUE 621111 186864612 186864612 PHYS CONTRACT REVENUE 621111 41610645 41610645 MEDICARE/MEDICAID PYMTS 621111 46072415 46072415 MED ADMIN AND EDUCATION 621111 21030147 21030147 PROF SVCS TO RSCH 621111 28625271 28625271 0 0 0 0 324203090 0 0 0 0 0 0 0 0 0 434004131 324203090 0 0 655231 655231 302684892 298335337 4349555 8292945 8267684 25261 68417648 68416408 1240 189748 102636 87112 1890831 1586519 304312 0 9499 9499 115187 115122 65 49921 46511 3410 7346086 7321398 24688 657806 639996 17810 1715011 1682917 32094 21184492 21184492 BILLING & COLLECTION 16107095 16107095 PATIENT EXPENSES 14591016 14591016 PLAN TAX 7384890 7384890 BAD DEBT EXPENSE 5424459 5424459 7306916 7290599 16317 0 464023673 459161809 4861864 0 26908254 38630056 0 0 0 0 358333 1045668 89947 90502 0 0 0 0 0 0 1100000 1417706 0 5313313 26998201 47955578 28640043 41463634 0 0 0 0 28640043 41463634 X -1641842 6491944 -1641842 6491944 26998201 47955578 X -30019542 38153328 X false true true false X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0 48279971 28048179 64839908 60214300 109801041 311183399 175940716 186336911 204198938 207318784 324203090 1097998439 0 0 0 224220687 214385090 269038846 267533084 434004131 1409181838 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1409181838 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 224220687 214385090 269038846 267533084 434004131 1409181838 1 1.0 0 0.0 X 0 0 0 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Right of Use ease Asset 5313313 5313313 false true false false false false false true false Estella Alonso MD Interim Chair through 4/1/25, Director 630875 0 90647 0 1340 0 33672 0 5876 0 762410 0 0 0 Courtney A Hardy MD Ex-Officio Director/President/Chair begin 1/1/25 0 480245 0 93300 0 1171 0 80547 0 14235 0 669498 0 0 Thomas P Shanley MD Ex-Officio Director/President & CEO LCH 0 1285552 0 449624 0 257529 0 590810 0 33984 0 2617499 0 0 Derek S Wheeler MD Ex-Officio Director/EVP & COO 691115 0 223635 0 74094 0 165453 0 30437 0 1184734 0 0 0 Thomas Inge MD PHD Ex-Officio Director/Dept Chair Surgery 0 1141504 0 93813 0 516 0 113308 0 44044 0 1393185 0 0 Earl Cheng MD Director/Physician 0 856989 0 0 0 792 0 46000 0 40844 0 944625 0 0 Shankar Rajeswaran MD Director begin 1/1/25 0 537032 0 27850 0 569 0 15081 0 28457 0 608989 0 0 Erin Toaz MD Director/Physician 0 364079 0 20987 0 108 0 18975 0 5249 0 409398 0 0 Youn Jenny J Hong MD Director begin 1/1/25 0 256301 0 15484 0 554 0 11846 0 39834 0 324019 0 0 Priya Verghese MD Director through 3/12/25/Physician 369025 0 35659 0 180 0 30524 0 44044 0 479432 0 0 0 Oluwatoyin Olutoye MD Ex-Officio Director/Dept Chair Anesthesia 0 884361 0 100000 0 516 0 104918 0 14128 0 1103923 0 0 Cynthia K Rigsby MD Ex-Officio Director/Dept Chair Medical Imaging 0 705144 0 46450 0 83990 0 160380 0 44018 0 1039982 0 0 John T Walkup MD Ex-Officio Director/Dept Chair Psychiatry and Behavioral Health 0 614645 0 42729 0 131405 0 139811 0 13994 0 942584 0 0 Shannon Heldt PhD Ex-Officio Dir/Vice Chair/SVP & Chf of Pathology/Lab Med 0 321189 0 9167 0 904 0 39104 0 13304 0 383668 0 0 Ellen Papacek MD Ex-Officio Director/Division Head of Primary Care Outreach 0 294364 0 46031 0 781 0 12993 0 874 0 355043 0 0 Nitin R Wadhwani MD Director Begin 1/1/25 0 247435 0 12000 0 347 0 8431 0 15001 0 283214 0 0 Scott Compton Director Begin 1/1/25 0 253206 0 35000 0 1553 0 9289 0 22396 0 321444 0 0 Brenda Davis Former Interim Chief Financial Officer through 2/6/23 0 300377 0 52988 0 1348 0 12986 0 16477 0 384176 0 0 Fatema Zanzi Esq EVP, Chief Admin & Legal Officer, Corporate Secretary 0 619075 0 235530 0 78348 0 170345 0 3539 0 1106837 0 0 Alex P Miller SVP, Chief Financial Officer 0 579360 0 177840 0 788 0 118228 0 40740 0 916956 0 0 Patrick Seed MD PhD Physician 501286 0 139102 0 516 0 89721 0 40844 0 771469 0 0 0 Annette M Wagner MD Physician 376397 0 224194 0 935 0 29043 0 41269 0 671838 0 0 0 Marcelo Malakooti MD Physician 477966 0 109208 0 387 0 30180 0 18169 0 635910 0 0 0 Elizabeth R Alpern MD Physician 483498 0 94024 0 782 0 27841 0 32334 0 638479 0 0 0 Brett R Galley MD Physician 518986 0 42304 0 180 0 29006 0 28819 0 619295 0 0 0 Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation Pursuant to the bylaws of Children's Hospital of Chicago Medical Center ("Medical Center"), the Compensation Committee of the board of directors of the Medical Center is charged with reviewing and approving senior executive compensation for the Medical Center and its affiliates and the compensation for any physician who meets the criteria for review and approval by the Committee. The Compensation Committee has adopted a written executive compensation philosophy which it follows when it reviews and approves the compensation and benefits of the organization's senior management, including the President. The compensation philosophy is subject to periodic review by the Compensation Committee for continued appropriateness in the current market. With the assistance of independent compensation consultants and information from a variety of sources (specified on Schedule J), the Compensation Committee confirmed the total amounts to be paid to identified executives and physicians were reasonable and comparable to amounts paid by similarly situated organizations to individuals in functionally similar positions. Legal counsel periodically advises the Compensation Committee with respect to federal tax requirements in setting compensation and the establishment of the "rebuttable presumption of reasonableness" under the federal tax law intermediate sanctions rules. The process followed by the Compensation Committee, including a description of the data relied upon and the Compensation Committee's decisions, was thoroughly and contemporaneously documented. The Compensation Committee has expressly reviewed the reasonableness of compensation paid to identified executives and physicians, and has concluded, as the result of a process that is designed to qualify for the rebuttable presumption of reasonableness, that all such amounts are reasonable and do not exceed fair market value for the services provided. The Compensation Committee is comprised of members of the Medical Center board of directors who have been determined to be disinterested (which means no committee member has a conflict of interest) for these purposes. The Compensation Committee conducts an ongoing, regular review of the disinterested status of its members, and will take appropriate action with respect to anyone having an interest with respect to one or more executives so as to preserve the disinterested status of the committee and, as a result, the application of the rebuttable presumption of reasonableness. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan Ann & Robert H. Lurie Children's Hospital of Chicago ("Lurie Children's") maintains a defined contribution supplemental executive retirement plan ("DC SERP"), which was established on January 1, 2017 and is a nonqualified deferred compensation plan for certain employees in executive positions for Lurie Children's and its affiliates. The benefits in the DC SERP are in the form of a fixed annual contribution rate and an earnings credit. Each year's contribution and earnings are at risk and will become fully vested and taxable only after five years of future employment service, or upon reaching age 62 with at least three years of service. Several listed persons in this Form 990 participate in the DC SERP, and the unvested contributions made for them are included in Schedule J, Part II, Column (C). The following individuals participated in the DC SERP and received a vested payment during 2024 which is reported in Column B (iii): Cynthia K. Rigsby, MD $80,760 Derek S. Wheeler, MD $73,312 Fatema Zanzi, Esq. $77,376 John T. Walkup, MD $123,000 Thomas P. Shanley, MD $253,173 CEO Deferred Compensation Listed individual Thomas Shanley MD is the sole participant in an additional supplemental retirement benefit arrangement that began in 2021. He is eligible to earn a benefit that will not become vested for several years. A prorated portion of the benefit (representing the portion earned in 2024) is reported in Column (C) as unvested deferred compensation, and will be reported again as compensation if and when the full benefit becomes vested and is subject to tax. The independent Compensation Committee of the Children's Hospital of Chicago Medical Center board, whose diligent review and approval process is described elsewhere in these narratives, has reviewed and approved Dr. Shanley's total compensation in a manner that qualifies for the rebuttable presumption of reasonableness under the federal tax law intermediate sanctions rules, and as part of this review process took into account the benefit being earned under this additional arrangement. Schedule J, Part I, Line 7 Non-fixed payments The organization provides annual incentive compensation to senior management under a senior management incentive compensation plan. These amounts are included in Schedule J, Part II, Column B (ii). The plan is designed to offer opportunities for additional compensation tied to performance against pre-determined goals approved in advance by the Compensation Committee of the Children's Hospital of Chicago Medical Center (Medical Center) board of directors, which serves as the Compensation Committee of Lurie Children's and Lurie Children's Medical Group, Inc. The Compensation Committee has expressly reviewed the reasonableness of all such payments and has concluded, as the result of a process that is designed to qualify for the rebuttable presumption of reasonableness under federal tax law, that all such amounts are reasonable and do not exceed fair market value for the services provided. Schedule J, Part II RELATED COMPENSATION The following individuals are not compensated by the reporting organization for their service as directors or officers of the reporting organization. Rather, the compensation reported on Form 990, Part VII and on Schedule J, Part II reflects compensation for the individual's substantial and full-time services as an employee paid by Ann & Robert H. Lurie Children's Hospital of Chicago (Lurie Children's). For more details, please refer to the 2024 Form 990 of Lurie Children's, FEIN 36-2170833. Alex P. Miller Brenda Davis Fatema Zanzi, Esq. Scott Compton Thomas P. Shanley, MD The following individuals are not compensated by the reporting organization for their service as a directors or officers. Rather, the compensation reported on form 990, Part VII and on Schedule J, Part II reflects compensation for the individual's substantial and full-time services as an employee paid by Children's Hospital of Chicago Medical Center (Medical Center). For more details, please refer to the 2024 form 990 of Medical Center, Fein 36-3357004. Cynthia K. Rigsby, MD Ellen Papacek, MD John T. Walkup, MD Nitin R. Wadhwani, MD Shankar Rajeswaran, MD Shannon Heldt, PhD Youn ("Jenny") J. Hong, MD The following individuals are not compensated by the reporting organization for their service as a directors or officers. Rather, the compensation reported on form 990, Part VII and on schedule J, Part II reflects compensation for the individual's substantial and full-time services as an employee paid by Lurie Children's Surgical Foundation, Inc. For more details, please refer to the 2024 form 990 of Lurie Children's Surgical Foundation, Inc., Fein 83-1650513. Earl Cheng, MD Thomas Inge, MD, PhD The following individuals are not compensated by the reporting organization for their service as a directors or officers. Rather, the compensation reported on form 990, Part VII and on schedule J, Part II reflects compensation for the individual's substantial and full-time services as an employee paid by Lurie Children's Pediatric Anesthesia Associates. For more details, please refer to the 2024 form 990 of Lurie Children's Pediatric Anesthesia Associates, Fein 37-1838535. Erin Toaz, MD Oluwatoyin Olutoye, MD Form 990, Part I, Line 1 ORGANIZATION'S MISSION Effective January 1, 2025, Lurie Children's Surgical Foundation, Inc., Children's Hospital of Chicago Faculty Practice Plan, Inc., Lurie Children's Pediatric Anesthesia Associates, Lurie Children's Primary Care, Inc. f/k/a Lurie Children's Primary Care, LLC, and Lurie Children's Multispecialty Group, Inc. F/k/a Lurie Children's Medical Group, LLC merged with and into Pediatric Faculty Foundation, Inc. Also effective on January 1, 2025, Pediatric Faculty Foundation, Inc. changed its name to Lurie Children's Medical Group, Inc. Lurie Children's Medical Group, Inc.("LCMG") employs pediatric specialists and subspecialists, who practice at Ann & Robert H. Lurie Children's Hospital of Chicago and affiliated partner sites and provide high-quality health care services to children in the community. Form 990, Part III, Line 4a PROGRAM SERVICE DESCRIPTION LCMG is an Illinois not-for-profit corporation described under Section 501(c)(3) of the Internal Revenue Code. Its sole corporate member is Children's Hospital of Chicago Medical Center (the "Medical Center"). LCMG employs pediatric medicine specialists, subspecialists, surgeons, and hospital-based physicians who are based at and practice at Ann & Robert H. Lurie Children's Hospital of Chicago ("Lurie Children's") and at affiliated outreach locations. Lurie Children's offers more than 70 pediatric subspecialty services, representing the broadest range of pediatric specialty care in Illinois. LCMG physicians provide comprehensive medical and surgical services across all pediatric subspecialties through coordinated, multidisciplinary care teams. LCMG employs physicians and surgeons across all pediatric medical and surgical subspecialties, substantially all of whom hold faculty appointments at Northwestern University Feinberg School of Medicine ("NUFSM"). In addition, LCMG employs full-time research faculty engaged in advancing clinical, translational, and basic science research. The President of LCMG also serves as Chair of the board of LCMG. LCMG physicians provide a substantial portion of specialty care to children enrolled in the State of Illinois' Medicaid program. Lurie Children's serves as a primary pediatric teaching hospital for NUFSM and McGaw Medical Center of Northwestern University. Through LCMG physicians, more than 200 physicians are trained annually, including pediatric residents and fellows in numerous pediatric subspecialties. LCMG provides services regardless of a patient's ability to pay. It accepts patients covered by Medicare and Medicaid and provides financial assistance in accordance with its established financial assistance policy. Form 990, Part V, Line 2a ALLOCATION OF SALARY EXPENSES Lurie Children's Medical Group, Inc. (FKA Pediatric Faculty Foundation, Inc.) issues Forms W-2 to employees who work for the organization. Ann & Robert H. Lurie Children's Hospital of Chicago also pays and issues Forms W-2 to employees who work for Lurie Children's Medical Group, Inc. The allocation of the salary costs are disclosed on Form 990, Part IX, Statement of Functional Expenses. Form 990, Part VI, Line 15 EXECUTIVE COMPENSATION The authority to review and approve executive compensation has been delegated to the Compensation Committee of Children's Hospital of Chicago Medical Center board of directors ("Compensation Committee"). The Compensation Committee has adopted a written executive compensation philosophy, which it follows when it reviews and approves the compensation and benefits of the organization's senior management, including the President. The compensation philosophy is subject to periodic review for continued appropriateness by the Compensation Committee. With the assistance of a compensation consultant and information from a variety of external sources (specified on Schedule J), the Compensation Committee confirmed the total amounts to be paid were reasonable and comparable to amounts paid by similarly situated organizations for functionally similar positions. Legal counsel advises the Compensation Committee with respect to federal tax requirements in setting compensation and the establishment of the rebuttable presumption of reasonableness. The process followed by the Compensation Committee, including a description of the data relied upon and the Compensation Committee's decisions, was thoroughly and contemporaneously documented. The Compensation Committee has expressly reviewed the reasonableness of compensation paid to identified executives, and has concluded, as the result of a process that is designed to qualify for the rebuttable presumption of reasonableness under federal tax law, that all such amounts are reasonable and do not exceed fair market value for the services provided. The Compensation Committee is comprised of members of Children's Hospital of Chicago Medical Center board of directors who have been determined to be disinterested for these purposes. The Compensation Committee conducts an ongoing and periodic review of the disinterested status of its members, and will take appropriate action with respect to anyone having an interest with respect to one or more executives so as to preserve the application of the rebuttable presumption of reasonableness. Form 990, Part VI, Line 4 Significant changes to organizational documents Effective January 1, 2025, Lurie Children's Surgical Foundation, Inc., Children's Hospital of Chicago Faculty Practice Plan, Inc., Lurie Children's Pediatric Anesthesia Associates, Lurie Children's Primary Care, Inc. F/K/A Lurie Children's Primary Care, LLC, and Lurie Children's Multispecialty Group, Inc. F/K/A Lurie Children's Medical Group, LLC merged with and into Pediatric Faculty Foundation, Inc. Also effective on January 1, 2025, Pediatric Faculty Foundation, Inc. changed its name to Lurie Children's Medical Group, Inc. The Articles of Incorporation of the organization were amended and restated on January 1, 2025, to reflect a change in the organization's name from Pediatric Faculty Foundation, Inc. to Lurie Children's Medical Group, Inc. Form 990, Part VI, Line 6 Classes of members or stockholders Children's Hospital of Chicago Medical Center is the organization's sole corporate member. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body The organization's sole corporate member, Children's Hospital of Chicago Medical Center ("Medical Center"), has certain reserved powers, including the power to appoint and remove the Medical Center director of the LCMG board. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders Children's Hospital of Chicago Medical Center, through its board of directors or designated committee, as the sole corporate member of the organization, has certain reserved powers with respect to appointment and removal of certain directors, appointment of certain officers, approval of amendments to governing documents, approval of financial matters, and approval of significant transactions including, but not limited to, merger, dissolution, disposition of assets other than in the ordinary course of business, and creation of subsidiaries. Form 990, Part VI, Line 11b Review of form 990 by governing body The Audit and Compliance Committee is the committee of the Medical Center board charged with the oversight of audit, tax, and compliance matters for the parent and affiliates. During a special Audit and Compliance Committee meeting, and before Form 990 was filed, the Committee was provided with a review of Form 990 by the Chief Financial Officer ("CFO"). The CFO and outside tax advisor also responded to the Committee members' questions and afforded them the opportunity for detailed discussion of Form 990, prior to the Committee taking action to approve the filing of Form 990. A full copy of the organization's Form 990 was provided to the respective filing organization's board following the Committee's approval. As part of its annual return preparation process, the organization, on an ongoing basis, consulted its tax consulting firm and outside tax legal counsel, both of which possess expertise in health care and tax-exempt return preparation, to advise and assist in the preparation of Form 990. These advisors worked closely with the organization's finance personnel and other members of the organization's team assembled to participate in the preparation of Form 990. Prior to presenting Form 990 to the Medical Center board's Audit and Compliance Committee, the organization's team, including its advisors, met frequently to discuss and review drafts of the form. Subsequent to the Audit and Compliance Committee review and approval, Form 990 was provided to the respective filing organization's board of directors. Form 990, Part VI, Line 12c Conflict of interest policy On an annual basis, Children's Hospital of Chicago Medical Center (The "Medical Center") and its affiliates (collectively the "Corporation") provide a comprehensive questionnaire to its board members, senior management and other key employees posing questions about actual or potential conflicts of interest. The Medical Center initiates follow up contact to those who do not respond and to clarify responses, where necessary. The Medical Center reviews each disclosure and provides a summary of relevant disclosures for the review and approval of the Medical Center Board's Nominating and Governance Committee. Board members, senior management, and key employees are subject to an applicable Medical Center conflict of interest policy and to a Code of Conduct, which includes the ongoing responsibility to promptly disclose conflicts of interests or duality of interests to a designated individual(s). Disclosures are provided to the Nominating and Governance Committee of the Medical Center Board of Directors, which considers all conflict and duality of interests issues. If the disinterested members of the Nominating and Governance Committee have determined that a potential or actual conflict of interest or duality of interest exists, the Nominating and Governance Committee shall determine if preparation of Conflicts Management Guidelines will sufficiently mitigate the potential or actual conflict of interest and/or duality of interest. If the Nominating and Governance Committee determines that Conflicts Management Guidelines will sufficiently mitigate the potential or actual conflict of interest and/or duality of interest, the Chief Legal Officer will prepare said Conflicts Management Guidelines regarding the particular person's potential or actual conflict of interest and/or duality of interest for review, approval, and oversight by the Nominating and Governance Committee. The Chief Legal Officer shares the Conflict Management Guidelines with the applicable person following approval by the Nominating and Governance Committee. The Conflicts Management Guidelines may require any or all of the aspects below. 1. The relevant person shall recuse themselves from all or a portion of the meeting of the board or committee on which the person serves while the proposed contract, transaction, or arrangement giving rise to the conflict of interest and/or the situation giving rise to a duality of interest is discussed. In addition, the person shall recuse themselves from all or a portion of the meeting of the board or committee on which the person serves while the matter is voted on, and only disinterested directors or committee members, as the case may be, may vote to determine whether to approve the contract, transaction, arrangement, or situation giving rise to the conflict of interest or duality of interest. In determining whether and when to require the person to recuse themselves during discussion of the proposed contract, transaction, or arrangement giving rise to the conflict of interest and/or the situation giving rise to a duality of interest, the disinterested board directors or committee members, as the case may be, shall balance the need to facilitate the discussion by having such person on hand to provide additional information with the need to preserve the independence of the determination process. 2. With respect to a conflict of interest or duality of interest, the disinterested members of the Nominating and Governance Committee shall exercise due diligence to determine whether the contract, transaction, or arrangement presented by the conflict of interest or duality of interest is fair and reasonable and in the best interest to the Corporation. In reaching such determination, the Nominating and Governance Committee shall determine whether there are alternatives to the proposed contract, transaction or arrangement that would not give rise to a conflict of interest or duality of interest. If a more advantageous contract, transaction, or arrangement that would not give rise to a conflict of interest or duality of interest is not reasonably attainable under the circumstances, the disinterested members of the Nominating and Governance Committee must determine by a majority vote that the contract, transaction, or arrangement presented by the conflict of interest or duality of interest is fair and reasonable and in the best interest to the Corporation before such contract, transaction, or arrangement may be approved for execution by the board of directors of its executive committee. If the Nominating and Governance Committee determines that Conflicts Management Guidelines will not sufficiently mitigate the potential or actual conflict of interest and/or duality of Interest, the Nominating and Governance Committee shall determine the appropriate steps. The Chief Legal Officer shares the Nominating and Governance Committee's decision with the applicable person following approval by the Nominating and Governance Committee. Form 990, Part VI, Line 19 Required documents available to the public The organization's financial statements are publicly available online at www.dacbond.com. The organization's Articles of Incorporation and annual reports are available through the Illinois Secretary of State. The organization also makes its general governing documents available to the general public upon request. Form 990, Part VII, Section A Part VII reporting due to merger Effective January 1, 2025, Lurie Children's Surgical Foundation, Inc., Children's Hospital of Chicago Faculty Practice Plan, Inc., Lurie Children's Pediatric Anesthesia Associates, Lurie Children's Primary Care, Inc. F/K/A Lurie Children's Primary Care, LLC, and Lurie Children's Multispecialty Group, Inc. F/K/A Lurie Children's Medical Group, LLC merged with and into Pediatric Faculty Foundation, Inc. Also effective on January 1, 2025, Pediatric Faculty Foundation, Inc. changed its name to Lurie Children's Medical Group, Inc. As a result of the merger, certain individuals listed in Form 990, Part VII, Section A served as officers or directors of one or more of the merging entities during the period from September 1, 2024 through December 31, 2024 and are reported on this return because they served during the tax year. No compensation is reported for these individuals on this Form 990, as compensation related to their service during the premerger period was reported on the final short year Forms 990 filed by the respective merging entities. Form 990, Part XI, Line 9 Other changes in net assets or fund balances Pension Adjustment - 5661318; Net Assets transferred in merger - 32492010; Total - 38153328; ALMOST HOME KIDS 7 S 721 ROUTE 53 NAPERVILLE IL 60540 363822010 TRANSITION CR IL 501(c)(3) 10 MEDICAL CTR false STANLEY MANNE CHILDREN'S RESC INSTITUTE 225 E CHICAGO AVE CHICAGO IL 60611 363357005 RESEARCH IL 501(c)(3) 4 MEDICAL CTR false LURIE CHILDREN'S HOSPITAL OF CHICAGO FDN 225 E CHICAGO AVE CHICAGO IL 60611 363357006 FUNDRAISING IL 501(c)(3) 7 MEDICAL CTR false CHILDREN'S HOSPITAL OF CHICAGO MED CTR 225 E CHICAGO AVE CHICAGO IL 60611 363357004 HEALTH CARE IL 501(c)(3) 10 NA false LURIE CHILDRENS LIABILITY PROTECTION PRG 225 E CHICAGO AVE CHICAGO IL 60611 366638400 INSURANCE IL 501(c)(3) Type III-FI MEDICAL CTR false LURIE CHILDREN'S 225 E CHICAGO AVE CHICAGO IL 60611 362170833 HOSPITAL IL 501(c)(3) 3 MEDICAL CTR false CHILDREN'S HOSPITAL OF CHICAGO FPP UNTIL 123124 737 NORTH MICHIGAN AVE 2040 CHICAGO IL 60611 363393780 SUPPORTNG ORG IL 501(c)(3) Type I MEDICAL CTR false LURIE CHILDREN'S PEDIATRIC ANESTHESIA ASSOCIATES UNTIL 123124 225 E CHICAGO AVE CHICAGO IL 60611 371838535 HEALTH CARE IL 501(c)(3) 3 MEDICAL CTR false LURIE CHILDREN'S SURGICAL FOUNDATION INC UNTIL 123124 225 E CHICAGO AVE CHICAGO IL 60611 831650513 HLTH CRE/RSCH IL 501(c)(3) 3 MEDICAL CTR false LURIE CHILDRENS CIN LLC 225 E CHICAGO AVE CHICAGO IL 60611 901025439 CONTRACTING SVCS IL NA Related false true 0.0289 CMMC INSURANCE CO LTD 225 E CHICAGO AVE CHICAGO IL 60611 981049532 SELF INSURANCE NA C Corporation false false false true false false false false false false false true false false false true true false false true