Texas Children'S Hospital

“Texas children's is the sole corporate member of texas children's hospital.”

“Texas children's annually appoints the organization's board of directors.”

“Per the organization's bylaws the member has certain reserved powers: -approve, interpret or change the purpose of the corporation. -fix the number, appoint or remove, with or without cause, any director of the corporation. -approve the merger, dissolution or consolidation or reorganization of the corporation. -approve the acquisition, sale, lease, transfer, or other alienation of property of the corporation, other than in the usual and regular course of the corporation's business, when such acquisition, sale, lease, transfer or other alienation is above specific financial levels set in accordance with policies established from time to time by the member. -approve capital and operating budgets of the corporation. -adoption or amendment of salaries or other compensation of the officers, physician employees and independent contractor physicians of the corporation. -approve debt incurred by the corporation, which is in excess of such limits as are established by the member. -approve the disposition of assets of the corporation at the time of its dissolution. -approve any long-range financial or strategic plans for the corporation. -selection of the corporation's auditors. -designation of additional or successor members. -take any action which would be inconsistent with the governing documents or policies of the member.”

“No such committees exist.”

“Per a resolution approved by the member's board of directors, the member board's audit and compliance committee has delegated authority to review the organization's completed form 990 prior to filing. Following the committee's review, the completed form 990 is distributed to the members of the organization's board of directors prior to filing with the irs.”

“The organization consistently monitors and enforces the conflict of interest policy through two separate processes, one that applies to the board members, and a second that applies to officers and key employees. 1) board members - per the organization's board-approved conflicts review process, responses to the annual conflicts questionnaire are reviewed by the member's board leadership and presented to the member's audit & compliance committee. If the committee deems there are any significant issues, the responses are then reviewed by the member board's executive committee and any required action ( recusement from board deliberations related to the conflict, etc. ) is taken in accordance with the organization's board-approved code of conduct. 2) officers/key employees - per the organization's board approved conflicts review process, responses to the annual conflicts questionnaire are reviewed by the compliance services department. If the department deems there are any significant issues, required action is taken in accordance with the organization's board approved code of conduct and the board is notified of such actions.”

“The annual process for determining compensation includes: - review and approval by governing body and compensation committee, provided that persons with a conflict of interest with respect to the compensation arrangement at issue were not involved. - comparable compensation data for similarly qualified persons in functionally comparable positions at similarly situated organizations. - contemporous documentation and recordkeeping with respect to deliberations and decisions regarding the compensation agreement.”

“Please refer to process described in part vi, line 15a.”

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

“Susan macdonald: executive vice president and board secretary benjamin melson: cfo, executive vice president and board treasurer mark a wallace: ceo, president and board chairman randall wright: coo, executive vice president and board member starting 01/09/14 lori armstrong: senior vice president, cno and board member mallory caldwell: senior vice president and board member through 01/09/14 angelo giardino, m.d., ph.d.: chief quality officer and senior vice president starting 6/24/14, board member starting 09/11/14”

“Drs. Belfort, fraser, kline and versalovic, while employed by baylor college of medicine, serve as in-chiefs directing patient care at texas children's hospital. Due to their senior leadership roles, they are eligible for incentive compensation based on their contributions to achieving the organization's strategic goals. All compensation is earned in their capacity as physician leaders.”

“Healthcare professional services - total expense: xxx-xx-xxxx, program service expense: xxx-xx-xxxx, management and general expenses: , fundraising expenses: ; other non-healthcare professional services - total expense: 56417337, program service expense: 42902606, management and general expenses: 13449278, fundraising expenses: 65453;”

“Transfer to foundation - -91066708; actuarial loss on pension - -1074967; change in beneficial interest in foundation - xxx-xx-xxxx; change in swap valuation - -2781037; change in teco valuation - 912994; change in charitable gift annuity - -28578; transfer to tch pediatric associates - -418236; change in beneficial interest in affiliates - 1866411; reserve pending dsh funding settlement - -21707266;”

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“Under the constructive ownership rules of irc sections 958(a) and (b), the taxpayer is required to file forms 5471, information return of u.s. Persons with respect to certain foreign corporations, as a category 5 filer with respect to certain controlled foreign corporations (cfcs). These filing requirements are or will be satisfied through the filing of forms 5471 for these cfcs by other u.s. Taxpayers identified below who have the same filing requirement: texas children's hospital foundation ein: 20-2380599 6621 fannin st houston, tx 77030”