Children'S Health Care Foundation

“The foundation has a sole member, children's health care, a minnesota nonprofit corporation.”

“The foundation's sole member, children's health care, is authorized under the foundation's bylaws to elect directors of the foundation, after approval by the board of directors of the foundation.”

“The foundation's sole member, children's health care, inc., maintains a number of reserved powers including but not limited to election of directors, approval of annual budgets, approval of amendments to the articles of incorporation and bylaws.”

“The senior management of children's health care, the parent of the foundation, reviews the draft form 990 with the audit and compliance committee of the governing body of the foundation and children's health care, the parent of the foundation, prior to the filing of the form. This review includes an overview of the form and discussions related to key sections. Copies of the final form 990 are made available to members of the committee and all the foundation's directors prior to the form being filed. The audit and compliance committee has been delegated the authority to oversee the completion and filing of the form 990 by the full foundation board, and the committee reports the results of its review and approval to the full board at a regularly scheduled board meeting.”

“Management of children's health care, the parent of the foundation, ensures that conflict of interest disclosure forms are completed by all members of the governing body and board committees at least annually. Forms are completed at the beginning of the year, and directors and committee members are instructed to provide additional disclosures if necessary during the course of the year. The governance committee of the governing body of children's health care, along with senior management (ceo and general counsel) of children's health care, review all disclosures provided by governing board members. The results of this review and any concerns, limitations, etc. Are reported by the governance committee to the full board. If conflicts are identified, the governance committee and management work to ensure that directors do not participate in discussion or voting on the affected matter.”

“Children's health care, the parent of the foundation, follows the requirements set forth in the irs rebuttable presumption of reasonableness in determining compensation for the president and other officers and executive leaders of the foundation. This function is performed by the compensation committee of the governing board of children's health care, which is composed of only independent directors. The process includes review of comparability data, retention of an outside compensation consultant and contemporaneous substantiation of the deliberation and decision through detailed minutes of the compensation committee and full board meetings where executive compensation is considered.”

“Children's health care, the parent of the foundation, makes financial statement information public through a summary of financial performance in its annual report. In addition, financial statements are provided publicly through digital assurance certification, a dissemination agent, who thereafter make this information publicly available. The foundation relies on the conflict of interest policy of children's health care, the parent of the foundation. Children's health care does not make the conflict of interest policy available to the public. The governing documents of the foundation are not available to the public.”

“As an independent, not-for-profit health care system, children's provides care through 14,475 inpatient admissions, 85,200 emergency room visits and cared for 389,372 primary care, specialty care and rehab visits in 2024. The three largest services that the foundation provides are to fund capital expenses, research and annual expenses for programs. These funds are transferred to children's throughout the year and provide needed support to champion the special health needs of children. Programs: annual operations support for programs support expert interdisciplinary teams of physicians, nurses, and health care professionals able to address the most complex and difficult pediatric medical problems. A majority of program support is provided to non-reimbursable services that are essential in the healing process for children and families.”

“Payments to vendors are made from children's health care, inc., therefore no form 1099s are issued by children's health care foundation other than form 1099-rs. Children's health care, inc. Files the form 1099s and complies with the backup withholding rules for reportable payments to key employees and highest compensated employees. The 1099s issued by children's health care, inc. On behalf of children's health care foundation are reported to the irs.”

“Change in perpetual trust 404,267.”