St Louis Children'S Hospital Foundation

“Certain officers, directors or key employees of the foundation and bjc health system (bjc) may also serve on the boards of other related or unrelated organizations. Additionally, certain family members of officers, directors or key employees may, during the normal course of business yet consistent with the stated exempt purpose of the foundation, engage in transactions in which potential conflicts of interest could exist. These officers, directors, key employees and related persons disclose these potential conflicts to the foundation and bjc annually and do not participate in decisions in which they have such conflicts. Such conflicts and relationships are reviewed to ensure that any payments received or amounts paid do not exceed the fair market value of the goods and services received by the foundation.”

“St louis children's hospital is the sole corporate member of the reporting organization.”

“St louis children's hospital foundation board of trustees has a nominating committee that recommends new members to the board.”

“Changes to bylaws or governing documents are subject to approval by the st. Louis children's hospital board of trustees and the bjc board of directors.”

“The organization prepares draft copies of form 990 and attachments for review by members of finance, legal and tax departments. The final draft returns are reviewed by an independent accounting firm and a draft, with sensitive donor redacted names, is sent via email for the foundation finance committee to review. Questions and comments that arise during the individual committee member reviews of the forms are addressed in advance of submission to the appropriate taxing authorities.”

“The organization regularly and consistently monitors compliance with the policy by issuing annually a conflict of interest questionnaire reminding covered individuals of their obligations to disclose potential conflicts and requesting that they complete a conflicts questionnaire. The questionnaire requires the disclosure of conflicts and an attestation to their continuing obligation to disclose should the need arise. The results of the conflicts questionnaire are reviewed and appropriate action taken as necessary. Additionally, should the organization become aware of conflicts not previously reported, the general counsel would investigate and respond in accordance with the policy.”

“St. Louis children's hospital foundation's governing documents and form 990 are made available upon request in accordance with irs regulations. St. Louis children's hospital foundation abides by the conflict of interest policy for bjc health system where reported conflicts are identified, resolved and disclosed as necessary.”

“Number reported in box 3 form 1096 the organization is an affiliate of bjc health system (bjc), a supporting organization described in code section 509(a)(3). Bjc assumes responsibility for remitting all payments to vendors through a centralized accounts payable system. Bjc also assumes responsibility for reporting these payments to the irs using its ein as the common payer on form(s) 1099, 1098, 5498, and w-2g. W2-g forms are prepared and issued by bjc on behalf of the foundations. Bjc health system also assumes responsibility for withholding and remitting any taxes required and will prepare the tax forms to report any tax withholdings.”

“Change in split interest agreements -59,900. Transfer from st. Louis children's hospital 214,872. Change in beneficial interest in trust 3,565,292. Change in estimate of bad debt -333,060.”