Rady Children'S Hospital Research Center

“Rady children's hospital and health center (rchhc) is the sole member as that term is defined in california corporations code 5056 (member) of rady children's hospital research center (rchrc).”

“The rchrc board of directors consists of those individuals serving as the board of trustees of the member, only the member may remove a director, the following actions of the rchrc board require "prior written approval" of the member to be effective: - any amendment, revision, modification of the articles of incorporation or the bylaws - any change in the nature of the business activities of rchrc - approval of operating and capital budgets of rchrc - borrowing any amount or incurring any debt in the amount of $100,000 or more - making or incurring any unbudgeted extraordinary or non-recurring expense or expenditure of $100,000. The rchrc board cannot authorize or direct any officer of rchrc to perform or commit any of the following acts, without prior written approval of the member: - borrow money in rchrc's name or utilize property owned by rchrc as security for loans, except in the ordinary course of business - make, execute, or deliver any assignment for the benefit or creditors, or any bond, confession, judgment, chattel mortgage, security agreement, deed, guaranty, indemnity bond, surety bond, contract to sell or bill of sale of the property of rchrc, except in the ordinary course of business. - acquire, purchase, develop, improve, sell, lease or mortgage any corporate real estate or any interest therein or enter into any contract for any such purpose. - make any loan or investment of any rchrc assets, or enter into any contract or incur any liability on behalf of rchrc other than for fair consideration or in the ordinary course of business relating to its normal daily operation.”

“Please refer to line 7a explanation”

“The form 990 was reviewed by the cfo and then provided to the organization's audit and corporate responsibility committee for review. Following review by the committee, the returns were finalized, signed and submitted to the internal revenue service. A complete copy of the form 990 was provided to each voting board member prior to filing.”

“On an annual basis and upon election or appointment, the policy and disclosure statement is distributed to all board members, officers, and key employees and medical staff leaders. All completed and signed statements are returned to the corporate compliance officer for review. If a person discloses a potential or actual conflict, the person with the conflict of interest is excluded from any discussion or approval of any such related transactions. Financial interest disclosures by board members and officers are brought to the rchhc board of trustees or the audit and corporate responsibility committee for review and, as needed, appropriate action. Financial interest disclosures by key employees and medical staff leaders are reviewed by the corporate compliance officer and referred to the president and chief executive officer or to the rchhc board of trustees. The corporate compliance committee and the audit and corporate responsibility committee a summary of all disclosures and action taken, if any, all other employees are required to complete a disclosure statement on an annual basis that is reviewed by the corporate compliance officer.”

“Rady children's hospital and health center/rady children's hospital san diego working through the board compensation committee has a process for establishing, reviewing and approving compensation of officers and key employees of the organization on a no less than an annual basis. The compensation committee is comprised of independent, lay members of the board of trustees. Prior to conducting its review, the chair of the compensation committee determines whether any member has a conflict of interest with respect to the matter(s) under review. If there is a conflict, the conflicted member recuses himself/herself and is not present during discussion or vote on the arrangement under review. In determining and approving the compensation, the committee considers all components of compensation. It considers comparability data and retains an independent compensation consultant to provide comparability data to the committee. Total compensation is targeted to be between the 50th and 75th percentile of the comparability data. The committee's deliberations and decisions are documented in minutes that are reviewed at its next meeting. The committee's written records include the (1) terms of the arrangement with the disqualified person (including the date the arrangement was approved); (2) a list of members present during the discussion of the transaction (and how the members voted when it was approved); and (3) a description of the comparable data relied on by the committee and how it was obtained.”

“The federal tax laws do not mandate that the organization's governing documents and conflicts of interest policy be made available for public inspection. The organization makes its financial statements available upon request and they are also attached to this form 990.”

“The entity was originally established 1) to engage in scientific medical research to find cures and treatments for diseases and disorders which affect children; 2) to develop clinical programs and techniques for the treatment of children with physiological or mental disorders, and for handicapped children; 3) to engage in, carry on, and conduct clinical research to discover and implement multidisciplinary methods and techniques for the diagnosis and treatment of pediatric and adolescent onset of diseases, disorders, and learning disabilities; 4) to research adult onset diseases, disorders, and disabilities for which this corporation develops special techniques or expertise based on its experience with pediatric and adolescent patients; and 5) to publish theses, bulletins, dissertations and other works in pediatric health care and diagnosis written by personnel of this corporation or others, and to otherwise disseminate and make freely available to the general public the results and applications of the fundamental and applied research and analytical studies performed by this corporation.”

“Agency staff: program service expenses 0. Management and general expenses 491,066. Fundraising expenses 0. Total expenses 491,066. Biorepository services: program service expenses 112,989. Management and general expenses 0. Fundraising expenses 0. Total expenses 112,989. Consulting services: program service expenses 478,826. Management and general expenses 345,250. Fundraising expenses 0. Total expenses 824,076. Leased labor: program service expenses 0. Management and general expenses 1,296,696. Fundraising expenses 0. Total expenses 1,296,696. Medical services: program service expenses 195,762. Management and general expenses 0. Fundraising expenses 0. Total expenses 195,762. Other: program service expenses 0. Management and general expenses 103,361. Fundraising expenses 0. Total expenses 103,361. Physicians & medical doctors: program service expenses 1,042,854. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,042,854. Repairs and maintenance: program service expenses 0. Management and general expenses 612,577. Fundraising expenses 0. Total expenses 612,577. Research: program service expenses 315,536. Management and general expenses 0. Fundraising expenses 0. Total expenses 315,536. Sequencing services: program service expenses 292,170. Management and general expenses 0. Fundraising expenses 0. Total expenses 292,170.”