Akron Children'S Health Collaborative

“Children's hospital medical center of akron is the sole member of akron children's health collaborative.”

“The member appoints the board members of akron children's health collaborative.”

“The member shall have final decision making authority with respect to the following corporate powers and responsibilities: (a) to adopt and approve amendments to the corporation's articles and regulations; (b) to approve any amendments to the corporation's purpose or mission including conflict of interest policies; (c) to approve, appoint or remove a member of the board of the corporation with or without cause, in accordance the procedures set forth herein; (d) to create any committees or subcommittees of the board or any advisory boards or councils to the board or to any of its committees or subcommittees; (e) to adopt, approve, disapprove and/or amend the operating and capital annual budget and any consolidated operating and capital budgets or construction budgets for the corporation or any organization controlled by the corporation, and changes in the budgets or the incurrence of unbudgeted expenses in excess of an amount established from time to time by the member; (f) to authorize and approve the incurrence of debt by the corporation or any organization controlled by the corporation (other than debt incurred for the acquisition of goods that are acquired in the ordinary course of business) and to grant any security interests, place any encumbrances, enter into any covenants, and execute any documents and take any actions necessary or appropriate in connection with the incurrence of such debt; (g) to approve all contracts between the corporation and health insuring corporations, managed care organizations, payers, employers or similar entities; (h) to approve the creation, ownership or acquisition of or affiliation with, any other organization by the corporation; (i) to approve the strategic plan and long range goals and objectives of the corporation or any organization controlled by the corporation; (j) to appoint or remove officers of the corporation or any organization controlled by the corporation; (k) to merge, dissolve, or abandon the corporation or any organization controlled by the corporation; (l) to approve the lease or sale of any of the assets of the corporation or any organization controlled by the corporation in excess of an amount established from time to time by the member, and to approve the purchase or sale of any real estate; and (m) to receive any funding from affiliated entities or any disbursements to affiliated or other third parties; and (n) to make distributions from the corporation to the member.”

“Achc did not form any committees with authority to act on behalf of the governing body during 2024.”

“The form 990 is provided to the enterprise risk and compliance committee of the children's hospital medical center of akron (member) for review and discussion prior to filing the return with the internal revenue service. The enterprise risk and compliance committee is a committee of the children's hospital medical center of akron board of directors and empowered to complete the review of all affiliates on behalf of the directors. A full copy of the 990 is provided to all achc board members prior to filing.”

“It is the policy of achc to follow the applicable policies of children's hospital medical center of akron (chmca). All officers, directors, and employees disclose real or apparent conflicts of interest as a condition of board membership with achc. All officers and directors disclose, in writing, on an annual basis, a list of all businesses or other organizations in which he/she (or an immediate family member) is an officer, member, owner, shareholder, trustee or employee for which he/she acts as an agent or might reasonably, in the near future, enter into a relationship or transaction in which he/she could have a duality of interest. If a situation arises in which there is a duality of interest and as such, potential for a conflict of interest, it is the primary responsibility of such an individual directly involved to make immediate and complete disclosure to the appropriate supervisor. The chief human resources officer shall review all disclosure statements and forward those with recommendations to the chief legal officer. The chief legal officer refers to selected issues or matters for consultation to the enterprise risk and compliance committee of the chmca board.”

“Achc relies on the related organization, children's hospital medical center of akron, to establish the top management official's compensation.”

“The organization makes its governing documents, conflict of interest policy, and consolidated financial statements available to the public upon request.”

“Akron children's hospital processes all accounts payable through one pay company. All 1099 forms for akron children's health collaborative are filed under the children's hospital medical center of akron (fein: 34-0714357).”

“Achc through its parent company children's hospital center of akron has an enterprise risk and compliance committee that assumes the responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant.”