2026-05-05T14:16:53-05:00 2025-06-30 135565207 KPMG LLP 301 MAIN ST ONE AMERICAN PL STE 2150 BATON ROUGE LA 708011705 990 2024-07-01 710694931 ARKANSAS CHILDREN'S RESEARCH INSTITUTE ARKA 5013643489 13 CHILDRENS WAY LITTLE ROCK AR 72202 MARCELLA DODERER PRESIDENT-AR CHILDREN'S 5013648000 2026-05-05 1 1 RYAN HOOKS P00746825 2253444000 2024 2025-03-06 01:10:19Z MARCELLA DODERER 13 CHILDRENS WAY LITTLE ROCK AR 72202 72178011 0 X WWW.ARCHILDRENS.ORG X 1990 AR TO IMPROVE CHILDREN'S HEALTH, DEVELOPMENT AND WELL-BEING THROUGH HIGH QUALITY RESEARCH. 17 11 278 16 0 0 52241793 70176662 0 0 1093716 1146581 506992 450793 53842501 71774036 157804 195082 0 0 31453767 36796159 0 0 0 23273211 25909276 54884782 62900517 -1042281 8873519 59576291 82520855 33471896 48015999 26104395 34504856 X THE VISION OF ARKANSAS CHILDREN'S RESEARCH INSTITUTE IS TO BE A LEADER IN CUTTING-EDGE RESEARCH THAT IMPROVES THE HEALTH AND WELL-BEING OF CHILDREN AND THEIR FAMILIES. IN SUPPORT OF THIS VISION, ARKANSAS CHILDREN'S RESEARCH INSTITUTE AIMS TO (1) RECRUIT AND RETAIN HIGHLY QUALIFIED SCIENTISTS; (2) PROVIDE AN EXCEPTIONAL ENVIRONMENT FOR RESEARCH; (3) SEEK AND OBTAIN APPROPRIATE FUNDING FOR RESEARCH; (4) MANAGE AND LEVERAGE RESOURCES TO SUCCEED IN ITS MISSION; (5) SUPPORT TRANSFER OF DISCOVERIES TO INDUSTRY TO CREATE JOBS IN ARKANSAS; (6) FORM PRODUCTIVE COLLABORATIONS WITH OTHER INSTITUTIONS, ESPECIALLY THOSE IN ARKANSAS; (7) PROMOTE A STRONG RESEARCH CAPABILITY TO SUPPORT RECRUITMENT OF THE BEST POSSIBLE PHYSICIANS FOR THE CAMPUS; AND (8) SERVE AS A KEY LEARNING LABORATORY FOR VARIOUS TRAINEES TO LEARN THE DISCIPLINES AND METHODOLOGIES OF RESEARCH. 0 0 53257615 195082 450793 DURING FY25, ARKANSAS CHILDREN'S RESEARCH INSTITUTE (ACRI) RECEIVED ALMOST $70 MILLION IN GRANTS AND CONTRACTS FROM FEDERAL, STATE, AND PRIVATE AGENCIES, INDUSTRY SPONSORS, AND PHILANTHROPIC DONATIONS TO SUPPORT RESEARCH TO ADVANCE KNOWLEDGE THAT WILL GUIDE THE WAY INJURY AND ILLNESS ARE PREVENTED AND TREATED IN CHILDREN. OF THE GRANTS RECEIVED, APPROXIMATELY ONE-THIRD WAS FROM THE NATIONAL INSTITUTE OF HEALTH. IN 2025, ACRI HELD THE GROUNDBREAKING FOR THE NATIONAL CENTER FOR OPIOID RESEARCH & CLINICAL EFFECTIVENESS (NCOR). NCOR WILL POSITION ARKANSAS AS A NATIONAL LEADER IN UNDERSTANDING THE IMPACTS OF THE OPIOID CRISIS ON THE FETUS, NEWBORN, AND DEVELOPING CHILDREN. IN ADDITION, ACRI ESTABLISHED A NEW CRITICAL CARE LABORATORY DESIGNED AS AN ANIMAL INTENSIVE CARE UNIT TO PROVIDE CLINICAL CARE JUST AS A HUMAN PATIENT WOULD RECEIVE IN THE ICU TO SUPPORT TRANSLATIONAL RESEARCH, INCLUDING PROJECTS INVOLVING SEPSIS, TRAUMA, INFLAMMATION, AND ORGAN INJURY. ACRI ALSO EXPANDED EXISTING RESEARCH CORE FACILITIES INCLUDING ITS METABOLOMICS AND ANALYTICAL CHEMISTRY CORE. OVERALL, ACRI PROVIDED THE RESEARCH INFRASTRUCTURE TO OVER 150 RESEARCHERS WHO PUBLISHED THEIR SCIENTIFIC FINDINGS IN OVER 414 PEER-REVIEWED SCIENTIFIC JOURNAL ARTICLES, OF WHICH 11% OF THE PUBLICATIONS APPEARED IN THE TOP 10% RANKING JOURNALS IN 2025. 53257615 1 1 0 1 0 0 0 0 0 1 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 108 0 1 278 1 0 0 0 0 0 0 0 0 0 0 0 0 X 17 11 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X BRANDON YODER 5013643489 1 CHILDRENS WAY LITTLE ROCK AR 72202 MARCELLA DODERER PRESIDENT/CEO-AR CHILDREN'S 0.44 56.63 X X 0 2393424 318888 GENA WINGFIELD BOARD TREASURER/EVP/CFO-AR CHILDRENS 0.44 48.42 X X 0 928094 110158 RICK BARR MD EVP/CCAO/CHAIR (PART YR) 6.33 54.02 X X 0 810459 26645 AARON CLARK TRUSTEE/DIRECTOR 0.31 0.00 X 0 0 0 LARRY CORNETT PHD TRUSTEE/DIRECTOR 0.09 0.00 X 0 0 0 JOYCELYN ELDERS MD TRUSTEE/DIRECTOR 0.00 0.00 X 0 0 0 MIMI FENTON MD TRUSTEE/DIRECTOR 0.23 0.00 X 0 0 0 MARIO G FERRUZZI PHD TRUSTEE/DIRECTOR 0.23 0.00 X 0 0 0 DEACUE FIELDS PHD TRUSTEE/DIRECTOR 0.14 0.00 X 0 0 0 STACIE JONES MD BOARD VICE CHAIR/DIR/UAMS PHYSICIAN 33.26 21.00 X X 179237 111115 53892 RANU JUNG PHD TRUSTEE/DIRECTOR 0.18 0.00 X 0 0 0 MARK MILLSAP TRUSTEE/DIRECTOR 0.19 0.00 X 0 0 0 PETE MOURANI MD ACRI PRESIDENT 40.44 15.00 X X 380354 157864 111698 MINHTHY NGUYEN PHD TRUSTEE/DIRECTOR 0.34 0.00 X 0 0 0 LASHAWNDA NOEL TRUSTEE/DIRECTOR 0.34 0.00 X 0 0 0 WILLIAM STEINBACH MD DIRECTOR/PEDIATRICIAN-IN-CHIEF 12.23 42.00 X 79776 275089 37492 MARSHALL SUMMAR MD TRUSTEE/DIRECTOR 0.17 0.00 X 0 0 0 PHAEDRA YOUNT VP RESEARCH ADMINISTRATION 50.00 0.00 X 218394 0 23403 VERONICA SMTIH VP RESEARCH OPERATIONS 50.00 0.00 X 209450 0 18200 ROBBIE ROBINETTE SOFTWARE DEVELOPER SUPERVISOR 50.00 0.00 X 147228 0 24847 GINA HAWKINS SUPERVISOR INVESTIGATIONAL DRUG SVC 50.00 0.00 X 144332 0 21463 TERESA MCDUFFIE RESEARCH ACCOUNTS DIRECTOR 50.00 0.00 X 142414 0 19844 KATHERINE TURBEVILLE CLINICAL RESEARCH NURSE COORDINATOR 50.00 0.00 X 139908 0 20571 1641093 4676045 787101 35 0 1 0 UNIVERSITY OF ARKANSAS FOR MEDICAL SCIEN 4301 WEST MARKHAM LITTLE ROCK AR 72205 MEDICAL SERVICES 21251317 NABHOLZ CONSTRUCTION CORP PO BOX 2090 CONWAY AR 72033 GENERAL CONSTRUCTION CONTRACTOR 3252171 UNIVERSITY OF NEW MEXICO 1 UNIVERSITY OF NEW MEXICO ALBUQUERQUE NM 87131 STUDY PARTICIPANT SERVICES 847845 EARL SWENSSON ASSOCIATES INC 1033 DEMONBREUN ST 800 NASHVILLE TN 37203 CONSULTING/PROFESSIONAL SERVICES 805968 CHILDREN'S HOSPITAL OF PHILADELPHIA 3401 CIVIC CENTER BLVD PHILADELPHIA PA 19104 STUDY PARTICIPANT SERVICES 639495 27 15383438 44107395 10685829 70176662 1146581 1146581 493463 403975 89488 89488 89488 OTHER 900099 256788 256788 PCRU 900099 104517 104517 361305 71774036 450793 0 1146581 X 195082 195082 1061531 764374 297157 29471494 27606976 1864518 6263134 5873408 389726 427450 427450 30197 30197 40490 40490 20000 20000 12391896 9577243 2814653 2157207 1982443 174764 763001 630541 132460 508775 82019 426756 467083 422138 44945 119375 119375 3850500 958145 2892355 MISC ADMIN EXPENSES 3326456 3251528 74928 STIPENDS & PATIENT CARE 1554077 1550999 3078 MEDICAL SUPPLIES 228031 223344 4687 MINOR EQUIPMENT 24738 0 24738 62900517 53257615 9642902 0 249811 249811 30327541 41939543 5495238 5620130 275849 278954 379621 883136 85981297 54727486 22025864 31253811 822367 2295470 59576291 82520855 8348208 6988833 25063983 41027166 59705 0 33471896 48015999 X 25305338 33137178 799057 1367678 26104395 34504856 59576291 82520855 X 8873519 -473058 X X 0 1 X 1 1 1 X 34238422 41073674 45516460 52241793 70176662 243247011 34238422 41073674 45516460 52241793 70176662 243247011 31219270 212027741 497848 522426 1237652 1640526 1640044 5538496 248785507 1192108 0.85230 0.83250 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 20000 20000 0 PART II-B, LINE 1: IN ORDER TO EFFECTIVELY ADVOCATE FOR AND ASSIST WITH THE IMPROVEMENT OF CHILDREN'S HEALTH, ARKANSAS CHILDREN'S WORKS WITH OTHER ORGANIZATIONS, ON A STATE AND NATIONAL LEVEL, TO FORMULATE POLICY AND TO ARTICULATE THE CONTINUUM'S PUBLIC POLICY AGENDA. IN FY25, ARKANSAS CHILDREN'S RESEARCH INSTITUTE ASSUMED A PORTION OF THE LOBBYING EXPENSES ATTRIBUTABLE TO THE USDA AND RESEARCH GRANT ACTIVITIES. 90803457 827075 6047448 8999088 88678892 84427826 588387 6659848 872604 90803457 77417166 697126 7056616 743082 84427826 70801620 15124554 -7575154 933854 77417166 44780179 15087592 11054158 120309 70801620 0.61240 0.13730 0.25030 0 1 1 50923831 39867023 11056808 23314254 14860463 8453791 11743212 11743212 31253811 X PART V, LINE 4: EARNINGS FROM ENDOWMENT FUNDS ARE USED TO SUPPORT VARIOUS RESEARCH STUDIES AT ACRI. THE FILING ORGANIZATION DOES NOT HOLD ANY ENDOWMENTS; ALL ENDOWMENTS ARE HELD BY ARKANSAS CHILDREN'S FOUNDATION, A RELATED ORGANIZATION. THE ENDOWMENT FUNDS REPORTED IN SCHEDULE D ARE ACRI'S PORTION OF THE TOTAL FUNDS HELD BY ARKANSAS CHILDREN'S FOUNDATION. PART X, LINE 2: NOTE: THE AUDIT IS COMPRISED OF THE CONSOLIDATED FINANCIAL STATEMENTS OF ARKANSAS CHILDREN'S, INC., ARKANSAS CHILDREN'S HOSPITAL, ARKANSAS CHILDREN'S FOUNDATION, ARKANSAS CHILDREN'S RESEARCH INSTITUTE, ARKANSAS CHILDREN'S NORTHWEST, ARKANSAS CHILDREN'S MEDICAL GROUP, ARKANSAS CHILDREN'S CARE NETWORK, AND SACOVA INSURANCE COMPANY (COLLECTIVELY, ARKANSAS CHILDREN'S). FOOTNOTE: ARKANSAS CHILDREN'S APPLIES FASB ASC TOPIC 740 (TOPIC 740), INCOME TAXES. TOPIC 740 CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAX POSITIONS AND PROVIDES GUIDANCE ON WHEN TAX POSITIONS ARE RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND HOW THE VALUES OF THESE POSITIONS ARE DETERMINED. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY ARKANSAS CHILDREN'S AND HAS CONCLUDED THAT AS OF JUNE 30, 2025 AND 2024, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. 1 ARKANSAS CHILDREN'S FOUNDATION 1 CHILDRENS WAY LITTLE ROCK AR 72202 710568795 501(C)(3) 195082 0 GENERAL SUPPORT 1 0 PART I, LINE 2: THE MAJORITY OF THE ASSISTANCE PROVIDED BY ACRI IS TO RELATED NON-PROFIT ORGANIZATIONS; HOWEVER, SOME CASH AND NON-CASH ASSISTANCE IS PROVIDED TO OTHER NON-PROFIT OR GOVERNMENTAL ENTITIES FOR PROJECTS THAT ARE DIRECTLY RELATED TO ONGOING RESEARCH AT ACRI. GRANTS GIVEN TO UNRELATED ENTITIES ARE TYPICALLY $1,000 OR LESS PER ENTITY. ACRI ENTRUSTS THAT THESE ENTITIES WILL MONITOR THE USE OF FUNDS IN ACCORDANCE WITH NON-PROFIT OR GOVERNMENTAL REQUIREMENTS. X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 MARCELLA DODERER PRESIDENT/CEO-AR CHILDREN'S 0 1413562 0 712327 0 267535 0 306781 0 12107 0 2712312 0 240003 GENA WINGFIELD BOARD TREASURER/EVP/CFO-AR CHILDRENS 0 660332 0 189819 0 77943 0 98851 0 11307 0 1038252 0 66353 RICK BARR MD EVP/CCAO/CHAIR (PART YR) 0 556203 0 174121 0 80135 0 16270 0 10375 0 837104 0 67600 PETE MOURANI MD ACRI PRESIDENT 380354 82981 0 74883 0 0 0 0 91935 19763 472289 177627 0 0 WILLIAM STEINBACH MD DIRECTOR/PEDIATRICIAN-IN-CHIEF 79776 221263 0 53826 0 0 0 0 7737 29755 87513 304844 0 0 STACIE JONES MD BOARD VICE CHAIR/DIR/UAMS PHYSICIAN 179237 111115 0 0 0 0 0 0 33090 20802 212327 131917 0 0 PHAEDRA YOUNT VP RESEARCH ADMINISTRATION 183033 0 33358 0 2003 0 13381 0 10022 0 241797 0 0 0 VERONICA SMTIH VP RESEARCH OPERATIONS 176642 0 31800 0 1008 0 10563 0 7637 0 227650 0 0 0 ROBBIE ROBINETTE SOFTWARE DEVELOPER SUPERVISOR 145459 0 1500 0 269 0 10687 0 14160 0 172075 0 0 0 GINA HAWKINS SUPERVISOR INVESTIGATIONAL DRUG SVC 141725 0 2500 0 107 0 6872 0 14591 0 165795 0 0 0 TERESA MCDUFFIE RESEARCH ACCOUNTS DIRECTOR 130859 0 10854 0 701 0 10366 0 9478 0 162258 0 0 0 KATHERINE TURBEVILLE CLINICAL RESEARCH NURSE COORDINATOR 138325 0 1500 0 83 0 6123 0 14448 0 160479 0 0 0 PART I, LINE 1A CHARTER TRAVEL IS USED BY ARKANSAS CHILDREN'S AND AFFILIATED ENTITIES' BOARD MEMBERS AND STAFF (AND OCCASIONALLY ACCOMPANYING SPOUSES/COMPANIONS) WHEN IT IS DEEMED THE MOST EFFICIENT METHOD OF TRAVEL TO DISTANT AREAS WITHIN THE STATE OR TO SURROUNDING STATES FOR PURPOSES RELATED TO ARKANSAS CHILDREN'S BUSINESS. SEPARATE TRAVEL (NON-CHARTER) FOR COMPANIONS IS REIMBURSED BY THE EMPLOYEE IF SUCH TRAVEL IS ON AN INDIVIDUAL BASIS; THUS, SUCH TRAVEL IS NOT CONSIDERED TAXABLE COMPENSATION TO THE EMPLOYEE. ONE DIRECTOR AND THREE EMPLOYEES LISTED ON SCHEDULE J USED CHARTER TRAVEL DURING THE CALENDAR YEAR. BECAUSE THE CHARTER TRAVEL WAS USED FOR ARKANSAS CHILDREN'S BUSINESS PURPOSES, IT WAS NOT INCLUDED IN THE EMPLOYEE'S TAXABLE WAGES. PART I, LINE 3 COMPENSATION FOR ANY ARKANSAS CHILDREN'S EXECUTIVE OR SENIOR OFFICER (PRESIDENT; EXECUTIVE VICE PRESIDENT; SENIOR VICE PRESIDENT) WHO IS NOT A CONTRACTED UAMS EMPLOYEE IS REVIEWED BY THE ARKANSAS CHILDREN'S HUMAN RESOURCES AND COMPENSATION COMMITTEE ("COMMITTEE") WHICH IS ESTABLISHED THROUGH THE BYLAWS OF ARKANSAS CHILDREN'S, INC. THE COMMITTEE HAS THE FULL AUTHORITY AND SPECIFIC RESPONSIBILITY FOR REVIEWING AND APPROVING EXECUTIVE COMPENSATION PRACTICES AS IT RELATES TO BASE SALARY, INCENTIVE COMPENSATION AND TOTAL REMUNERATION TARGETS. THE COMMITTEE HAS SPECIFIC RESPONSIBILITY FOR DETERMINING COMPENSATION FOR THE HEALTH SYSTEM PRESIDENT/CEO AND FOR APPROVAL OF RECOMMENDATIONS MADE BY THE CEO FOR POSITIONS DEEMED AS "DISQUALIFIED PERSONS" UNDER SECTION 4958 OF THE CODE. THE POLICIES AND PROGRAMS REVIEWED AND APPROVED BY THE COMMITTEE SHALL BE DESIGNED TO ENSURE THAT THE CORPORATION AND ITS AFFILIATES REMAIN COMPETITIVE AND REASONABLE RELATIVE TO THE COMPENSATION AND TOTAL REMUNERATION OF SIMILARLY SITUATED HEALTH SYSTEMS LOCALLY AND NATIONALLY, AND TO PERMIT THE CORPORATION AND SUCH AFFILIATES TO ATTRACT AND RETAIN SUPERIOR EXECUTIVES IN FURTHERANCE OF THE CORPORATION'S AND AFFILIATES PURPOSES. IN ITS PROCESS, THE COMMITTEE SHALL OBTAIN AND MUST RELY UPON APPROPRIATE DATA AS TO COMPARABILITY PRIOR TO MAKING ITS DETERMINATION OF REASONABLENESS WITH RESPECT TO THE COMPENSATION ARRANGEMENTS OF DISQUALIFIED PERSONS. APPROPRIATE DATA INCLUDES, BUT IS NOT LIMITED TO, COMPENSATION LEVELS PAID BY SIMILARLY SITUATED ORGANIZATIONS, BOTH TAXABLE AND TAX-EXEMPT, FOR FUNCTIONALLY COMPARABLE POSITIONS, CURRENT COMPENSATION SURVEYS COMPILED BY INDEPENDENT FIRMS; THE COMMITTEE MAY RELY UPON OPINIONS OF QUALIFIED LEGAL, ACCOUNTING, VALUATION AND EXECUTIVE COMPENSATION EXPERTS. CONTEMPORANEOUSLY WITH MAKING ITS DETERMINATION OF REASONABLENESS WITH RESPECT TO THE COMPENSATION ARRANGEMENT OF THE CEO AND DISQUALIFIED PERSONS, THE COMMITTEE SHALL DOCUMENT IN ITS MINUTES THE BASIS FOR ITS DECISIONS. A VERBAL REPORT IS PROVIDED TO THE BOARD BY THE CHAIR OF THE COMMITTEE. MINUTES ARE AVAILABLE FOR REVIEW UPON BOARD MEMBER REQUEST TO THE BOARD CHAIR. PART I, LINE 4B AC'S DEFERRED COMPENSATION PLAN (DCP), WAS INSTITUTED ON 6/30/2014. THE DCP IS A 457(F) NONQUALIFIED SUPPLEMENTAL RETIREMENT PLAN, PROVIDING ANNUAL CONTRIBUTIONS TO CERTAIN EXECUTIVES AT A PERCENTAGE OF THEIR BASE SALARY IN EFFECT ON JUNE 30 OF THE PLAN YEAR. THE SUPPLEMENTAL COMPENSATION SERVES TO ENCOURAGE CONTINUED EMPLOYMENT WITH ARKANSAS CHILDREN'S AND ITS AFFILIATES. THE PLAN PROVIDES THAT DEFERRED AMOUNTS ARE PAID AS SOON AS ADMINISTRATIVELY POSSIBLE AFTER BEING VESTED. IT IS INTENDED THAT SUCH PAYMENTS QUALIFY FOR THE "SHORT-TERM DEFERRAL" EXEMPTION FROM IRC SECTION 409A, AND FOR TAX DEFERRAL UNDER IRC SECTION 457(F). PER THE PLAN DOCUMENT, EACH DCP CONTRIBUTION FOR A PLAN YEAR AND ITS ASSOCIATED EARNINGS VEST AS FOLLOWS, ON THE EARLIER OF: - (SUBACCOUNT); THE FIRST DAY OF THE PLAN YEAR FOLLOWING THREE (3) CONTINUOUS PLAN YEARS OF EMPLOYMENT BY THE PARTICIPANT WITH ARKANSAS CHILDREN'S OR AFFILIATE, WHICH BEGINS ON THE FIRST DAY OF THE PLAN YEAR FOR WHICH THE CONTRIBUTION IS CREDITED. - (PRIMARY ACCOUNT, INCLUDING SUBACCOUNTS) - ATTAINMENT OF AGE 65 AND AT LEAST 3 YEARS OF SERVICE AS A DCP PARTICIPANT - (PRIMARY ACCOUNT, INCLUDING SUBACCOUNTS) - DEATH OR PERMANENT DISABILITY - (PRIMARY ACCOUNT, INCLUDING SUBACCOUNTS) - INVOLUNTARY TERMINATION (OTHER THAN FOR CAUSE) - (PRIMARY ACCOUNT, INCLUDING SUBACCOUNTS) - PLAN TERMINATION FOR TAX YEAR 2024 (FISCAL YEAR 2025), THREE REPORTABLE EMPLOYEES WERE ELIGIBLE AND PARTICIPATING IN THE DEFERRED COMPENSATION PLAN. SOME OF THESE EMPLOYEES RECEIVED DISTRIBUTIONS PER THE PLAN DOCUMENT. SUCH AMOUNT IS NOTED BELOW. - FREDERICK BARR: AC EVP AND CCAO - $74,259 - MARCELLA DODERER: AC PRESIDENT/CEO - $263,645 - GENA WINGFIELD: AC EVP AND CFO - $72,890 PER THE PLAN DOCUMENT, UPON BECOMING VESTED IN A PLAN YEAR SUBACCOUNT AND AS SOON AS ADMINISTRATIVELY PRACTICABLE AFTER SUCH VESTING DATE, BUT NO LATER THAN THE END OF THE CALENDAR YEAR IN WHICH SUCH VESTING DATE OCCURRED, INDIVIDUAL PARTICIPANTS WILL BE PAID A LUMP SUM PAYMENT EQUAL TO THE PLAN YEAR SUBACCOUNT BALANCE AS OF THE JUNE 30 IMMEDIATELY PRECEDING SUCH VESTING DATE. FORM 990, PART VII, SECTION A, LINE 5 AND SCHEDULE J, PART II, LINE 2 DIRECTORS STACIE JONES, M.D., WILLIAM STEINBACH M.D., AND PETE MOURANI, M.D. WERE COMPENSATED BY UAMS AS EMPLOYEES FOR SERVICES RENDERED TO ARKANSAS CHILDREN'S RESEARCH INSTITUTE (ACRI) AND FOR WHICH ACRI REMITTED PAYMENT LISTED AS "REPORTABLE COMPENSATION FROM THE ORGANIZATION" IN PART VII OF FORM 990. THE AMOUNT NOTED AS COMPENSATION IN SCHEDULE J FOR THE ABOVE-LISTED DIRECTORS IS THE DESIGNATED AMOUNT PER THE RELATED CONTRACT WITH UAMS. FORM 990, PART VI, SECTION A, LINE 1A DURING THE INTERVALS BETWEEN MEETINGS OF THE BOARD OF DIRECTORS, THE EXECUTIVE COMMITTEE SHALL POSSESS AND MAY EXERCISE ALL THE POWERS AND FUNCTIONS OF THE BOARD OF DIRECTORS IN THE MANAGEMENT AND DIRECTION OF THE AFFAIRS OF THE CORPORATION IN ALL CASES IN WHICH SPECIFIC DIRECTIONS SHALL NOT HAVE BEEN GIVEN BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 2: ALTHOUGH NOT CONSIDERED COVERED RELATIONSHIPS AS NOTED IN PART VI, SECTION A, LINE 2, THE FOLLOWING DIRECTORS WERE EMPLOYEES OF THE UNIVERSITY OF ARKANSAS FOR MEDICAL SCIENCES (UAMS) DURING THE TAX YEAR: STACIE JONES, M.D., PETE MOURANI, M.D., AND WILLIAM STEINBACH, M.D. FORM 990, PART VI, SECTION A, LINE 3 THE POSITION OF ACRI PRESIDENT IN FY25 WAS HELD BY PETER MOURANI, M.D., WHO IS A PHYSICIAN EMPLOYED BY THE UNIVERSITY OF ARKANSAS FOR MEDICAL SCIENCES. ALTHOUGH DR. MOURANI IS AN EMPLOYEE OF UAMS, AS ACRI PRESIDENT, HE IS ALSO A DESIGNATED MEMBER OF THE ACRI BOARD OF DIRECTORS. AS A UAMS EMPLOYEE, THE HOSPITAL SYSTEM REIMBURSES UAMS FOR HIS ROLE AND SERVICES RENDERED TO ACRI. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF ACRI IS ARKANSAS CHILDREN'S, INC., AN ARKANSAS NONPROFIT PUBLIC BENEFIT CORPORATION (THE "SOLE MEMBER"). FORM 990, PART VI, SECTION A, LINE 7A ARKANSAS CHILDREN'S, INC., ACRI'S SOLE MEMBER, HAS THE RESERVED POWER TO FIX THE SIZE OF THE BOARD OF DIRECTORS, AND THE GOVERNING BOARD OF ANY AFFILIATE CONTROLLED BY THE CORPORATION, AND APPOINT AND REMOVE, WITH OR WITHOUT CAUSE, THE DIRECTORS OF THE CORPORATION, AND MEMBERS OF THE GOVERNING BOARD OF ANY AFFILIATE CONTROLLED BY THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7B ACRI'S ARTICLES OF INCORPORATION MAY BE AMENDED, AND THE BYLAWS MAY BE ALTERED, AMENDED, OR REPEALED AND NEW BYLAWS MAY BE ADOPTED: (I) UPON THE APPROVAL OF BOTH THE BOARD AND THE SOLE MEMBER, IF THE AMENDMENT DOES NOT RELATE TO THE NUMBER OF DIRECTORS, THE COMPOSITION OF THE BOARD, THE TERM OF OFFICE OF DIRECTORS, OR THE METHOD OR WAY IN WHICH DIRECTORS ARE ELECTED OR SELECTED; OR (II) BY THE MEMBER. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT FORM 990, WHICH IS RECONCILED TO ARKANSAS CHILDREN'S RESEARCH INSTITUTE'S (ACRI) INTERNAL FINANCIAL STATEMENTS AND THE ARKANSAS CHILDREN'S, INC. CONSOLIDATED AUDIT REPORT, IS INITIALLY REVIEWED IN DETAIL WITH ACRI'S VICE PRESIDENT OF RESEARCH ADMINISTRATION. THE DRAFT IS ALSO REVIEWED IN DETAIL WITH ARKANSAS CHILDREN'S VP OF FINANCIAL OPERATIONS. IF THE REVIEW BY ACRI'S MANAGEMENT RESULTS IN REVISIONS TO THE DRAFT FORM 990, THOSE REVISIONS ARE MADE, AND THE FORM 990 TO BE FILED IS PROVIDED TO THE ACRI BOARD OF DIRECTORS PRIOR TO THE RETURN BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C ARKANSAS CHILDREN'S HAS A BOARD OF DIRECTORS CONFLICT OF INTEREST POLICY THAT IS ISSUED TO AND REVIEWED WITH ALL NEW BOARD MEMBERS DURING THEIR BOARD ORIENTATION. IN ADDITION, THE INTERNAL GENERAL COUNSEL OR THE SYSTEM COMPLIANCE OFFICER WILL PERIODICALLY REVIEW THE POLICY WITH THE FULL BOARD DURING A REGULAR BOARD MEETING. A DIRECTOR SHALL DISCLOSE IN WRITING TO THE BOARD OF DIRECTORS ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST WHEN THE SITUATION DEVELOPS, INCLUDING THE FACTS THAT MAKE IT AN ACTUAL OR POTENTIAL CONFLICT. EACH DIRECTOR SHALL SIGN AN INITIAL CONFLICT OF INTEREST DISCLOSURE STATEMENT UPON ELECTION TO THE BOARD OF DIRECTORS. EACH DIRECTOR ALSO SHALL SIGN AN ANNUAL CONFLICT OF INTEREST DISCLOSURE STATEMENT. IF AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST DEVELOPS AFTER THE DIRECTOR'S INITIAL AND ANNUAL STATEMENTS ARE SIGNED, THE DIRECTOR SHALL IMMEDIATELY SIGN A NEW DISCLOSURE STATEMENT TO ADDRESS THE NEW SITUATION OR TRANSACTION. CONFLICT OF INTEREST DISCLOSURE STATEMENTS OR DECLARED CONFLICTS WILL BE REVIEWED BY THE DIRECTOR BOARD OFFICERS. REVIEW WILL RESULT IN ONE OF THE FOLLOWING ACTIONS BY MAJORITY VOTE: (1) DETERMINED NOT TO BE A CONFLICT; (2) CONFLICT IS ACCEPTED; OR (3) CONFLICT IS NOT ACCEPTED AND THE DIRECTOR WILL NEED TO ABSTAIN FROM PARTICIPATION IN CERTAIN VOTES. CONFLICT DISCLOSURES, FACTS AND ACTIONS WILL BE DOCUMENTED IN THE APPROPRIATE COMMITTEE OR BOARD MINUTES. A DIRECTOR WITH A CONFLICT OF INTEREST WILL NOT PARTICIPATE IN DELIBERATIONS OR VOTE BY THE BOARD OF DIRECTORS, OR COMMITTEE THEREOF, ON THE MATTER GIVING RISE TO THE CONFLICT. HE OR SHE MAY PRESENT RELEVANT INFORMATION ABOUT THE MATTER AND ALSO MAY RESPOND TO REQUESTS FOR FACTS NEEDED BY THE BOARD TO REACH AN INFORMED DECISION. AFTER ANY DISCUSSION, THE INTERESTED DIRECTOR SHALL EITHER ABSTAIN FROM VOTE OR RECUSE COMPLETELY AND BE ABSENT DURING FURTHER DELIBERATIONS AND ACTION ON THE MATTER, AS DETERMINED BY THE DIRECTOR BOARD OFFICERS OF THE ENTITY. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR ANY ARKANSAS CHILDREN'S EXECUTIVE OR SENIOR OFFICER (PRESIDENT; EXECUTIVE VICE PRESIDENT; SENIOR VICE PRESIDENT) WHO IS NOT A CONTRACTED UAMS EMPLOYEE IS REVIEWED BY THE ARKANSAS CHILDREN'S HUMAN RESOURCES AND COMPENSATION COMMITTEE ("COMMITTEE") WHICH IS ESTABLISHED THROUGH THE BYLAWS OF ARKANSAS CHILDREN'S, INC. THE COMMITTEE HAS THE FULL AUTHORITY AND SPECIFIC RESPONSIBILITY FOR REVIEWING AND APPROVING EXECUTIVE COMPENSATION PRACTICES AS IT RELATES TO BASE SALARY, INCENTIVE COMPENSATION AND TOTAL REMUNERATION TARGETS. THE COMMITTEE HAS SPECIFIC RESPONSIBILITY FOR DETERMINING COMPENSATION FOR THE HEALTH SYSTEM PRESIDENT/CEO AND FOR APPROVAL OF RECOMMENDATIONS MADE BY THE CEO FOR POSITIONS DEEMED AS "DISQUALIFIED PERSONS" UNDER SECTION 4958 OF THE CODE. THE POLICIES AND PROGRAMS REVIEWED AND APPROVED BY THE COMMITTEE SHALL BE DESIGNED TO ENSURE THAT THE CORPORATION AND ITS AFFILIATES REMAIN COMPETITIVE AND REASONABLE RELATIVE TO THE COMPENSATION AND TOTAL REMUNERATION OF SIMILARLY SITUATED HEALTH SYSTEMS LOCALLY AND NATIONALLY, AND TO PERMIT THE CORPORATION AND SUCH AFFILIATES TO ATTRACT AND RETAIN SUPERIOR EXECUTIVES IN FURTHERANCE OF THE CORPORATION'S AND AFFILIATES PURPOSES. IN ITS PROCESS, THE COMMITTEE SHALL OBTAIN AND MUST RELY UPON APPROPRIATE DATA AS TO COMPARABILITY PRIOR TO MAKING ITS DETERMINATION OF REASONABLENESS WITH RESPECT TO THE COMPENSATION ARRANGEMENTS OF DISQUALIFIED PERSONS. APPROPRIATE DATA INCLUDES, BUT IS NOT LIMITED TO, COMPENSATION LEVELS PAID BY SIMILARLY SITUATED ORGANIZATIONS, BOTH TAXABLE AND TAX-EXEMPT, FOR FUNCTIONALLY COMPARABLE POSITIONS, CURRENT COMPENSATION SURVEYS COMPILED BY INDEPENDENT FIRMS; THE COMMITTEE MAY RELY UPON OPINIONS OF QUALIFIED LEGAL, ACCOUNTING, VALUATION AND EXECUTIVE COMPENSATION EXPERTS. CONTEMPORANEOUSLY WITH MAKING ITS DETERMINATION OF REASONABLENESS WITH RESPECT TO THE COMPENSATION ARRANGEMENT OF THE CEO AND DISQUALIFIED PERSONS, THE COMMITTEE SHALL DOCUMENT IN ITS MINUTES THE BASIS FOR ITS DECISIONS. A VERBAL REPORT IS PROVIDED TO THE BOARD BY THE CHAIR OF THE COMMITTEE. MINUTES ARE AVAILABLE FOR REVIEW UPON BOARD MEMBER REQUEST TO THE BOARD CHAIR. FORM 990, PART VI, SECTION C, LINE 18 THE ARKANSAS CHILDREN'S RESEARCH INSTITUTE'S FORM 990 AND FORM 990-T ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST AS REQUIRED. FORM 990, PART VI, SECTION C, LINE 19 THE ARKANSAS CHILDREN'S RESEARCH INSTITUTE'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST AS REQUIRED. FORM 990, PART IX, LINE 11G MEDICAL/RESEARCH SERVICES: PROGRAM SERVICE EXPENSES 8,340,506. MANAGEMENT AND GENERAL EXPENSES 1,699,999. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,040,505. REPAIRS & MAINTENANCE: PROGRAM SERVICE EXPENSES 173,582. MANAGEMENT AND GENERAL EXPENSES 57,040. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 230,622. OTHER FEES FOR SERVICE: PROGRAM SERVICE EXPENSES 1,063,155. MANAGEMENT AND GENERAL EXPENSES 1,057,614. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,120,769. FORM 990, PART XI, LINE 9: BOOK/TAX DIFFERENCES DUE TO RESTRICTED FUNDS -473,058. FORM 990, PART XII, LINE 3B: THE CONSOLIDATED ORGANIZATION IS REQUIRED TO UNDERGO AN AUDIT AS SET FORTH IN THE SINGLE AUDIT ACT AND OMB CIRCULAR A-133 AND DID UNDERGO THAT REQUIRED AUDIT. ARKANSAS CHILDREN'S INC 1 CHILDRENS WAY LITTLE ROCK AR 72202 810801296 HEALTH CARE PARENT CORP AR 501(C)(3) LINE 12B, II N/A 0 ARKANSAS CHILDREN'S HOSPITAL 1 CHILDRENS WAY LITTLE ROCK AR 72202 710236857 HOSPITAL AR 501(C)(3) LINE 3 ARKANSAS CHILDREN'S INC 0 ARKANSAS CHILDREN'S FOUNDATION 1 CHILDRENS WAY LITTLE ROCK AR 72202 710568795 FUNDRAISING AR 501(C)(3) LINE 7 ARKANSAS CHILDREN'S INC 0 ARKANSAS CHILDREN'S HOSPITAL AUXILIARY 1 CHILDRENS WAY LITTLE ROCK AR 72202 710606585 FUNDRAISING & VOLUNTEERS AR 501(C)(3) LINE 12A, I ARKANSAS CHILDREN'S INC 0 ARKANSAS CHILDREN'S NORTHWEST 1 CHILDRENS WAY LITTLE ROCK AR 72202 810817660 HOSPITAL AR 501(C)(3) LINE 3 ARKANSAS CHILDREN'S INC 0 ARKANSAS CHILDREN'S MEDICAL GROUP 1 CHILDRENS WAY LITTLE ROCK AR 72202 820771462 HOSPITAL/PHYSICIAN SERVICES AR 501(C)(3) LINE 3 ARKANSAS CHILDREN'S INC 0 CHILDREN'S HEALTHCARE SYSTEM INC 1 CHILDRENS WAY LITTLE ROCK AR 72202 586304957 MANAGEMENT SERVICES AR N/A C 0 ARKANSAS CHILDREN'S CARE NETWORK 1 CHILDRENS WAY LITTLE ROCK AR 72202 371854930 CLINICALLY INTEGRATED NETWORK AR N/A C 0 SACOVA INSURANCE COMPANY LTD 18 FORUM LANE SECOND FLOOR CAMANA BAY GRAND CAYMAN CJ KY1-1102 981472934 CAPTIVE INSURANCE COMPANY CJ N/A C 0 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 1