Childrens Hospital Medical Practice Corp

“The sole member of children's hospital medical practice is children's hospital (ein: 72-0467503) a non-profit hospital exempt from taxation under irc section 170(b)(1)(a)(iii).”

“The board president, who is the president and ceo of children's hospital, appoints all of the other members of the board. Children's hospital is the sole member of children's hospital medical practice corporation.”

“Form 990 was prepared by the organization's independent accounting firm and reviewed by the accounting staff of lcmc health, the system parent and sole member of children's hospital. The organization's 990 was presented to all members of the organization's board for review via email link to a secure drop box.”

“Annually, a list of officers, directors, trustees, and key employees is compiled by the lcmc corporate compliance department. Those identified individuals are sent a compliance questionnaire to identify the potential for any conflicts. Corporate compliance monitors responses and follows up with individuals as needed to ensure completion of the questionnaire. The results of these are reviewed by the lcmc health corporate compliance department to ensure that any conflicts are identified and addressed.”

“Children's hospital, the sole member of the organization, relies on comparable data from unrelated entities to determine the amount of compensation for its executives, and documentation is maintained regarding the determination of these amounts. The final decision regarding the amount of compensation is subject to approval of the lcmc executive committee.”

“Governing documents, conflict of interest policy, and financial statements are made available to the public upon request.”

“The organization utilizes lcmc health (ein: 94-3480131) , the system parent, as its designated common paymaster for payroll administration, wage reporting, and all employment tax compliance functions. As the system parent, lcmc health administers these compliance functions on behalf of the entire system. Accordingly, the 191 employees reported on part v, line 2a represent the number of forms w-2 filed by organization a, as common paymaster, on behalf of this organization for the reporting year.”

“Lcmc's finance committee assumes responsibility for the oversight of its subsidiaries' financial statements and selection of an independent auditor. This has not changed from the previous year.”