Kansas University Neurological Surgery Foundation

“Kansas university neurological surgery foundation has members rather than stockholders.”

“The members of the kansas university neurological surgery foundation has as its members the full-time faculty of the department of neurological surgery foundation at the university of kansas medical school. In addition, the kansas university neurological surgery foundation has an outside director from the greater kansas city metro area.”

“The actions and decisions of the board of directors are subject to approval by all of the members at its annual meeting.”

“The form 990 is prepared and reviewed by the organization's accounting firm, then sent to the organization's president and administrator for review. After any changes, the updated return, with compensation forms excluded, is then sent to the chair/president for review and comment. Once reviewed by the chair/president and all questions and comments have been addressed, the final form 990 is e-filed.”

“Members review and sign the conflict of interest policy during the first quarter of each calendar year. Any potential conflicts are disclosed and resolved at that time.”

“The organization did not pay any compensation for fy17. Top official does not receive a salary as top official. Physician salaries are based on the american association of medical colleges - midwestern region median benchmark and the medical group management association - southern region median benchmark data of the specific academic rank, specialty and years of service of the employee. Both data sets are utilized to establish the compensation level. Other factors include the physician's research and education contributions to the kansas university school of medicine and the department of neurosurgery.”

“The organization did not pay any compensation in fy17. Physician salaries are based on the american association of medical colleges - midwestern region median benchmark and the medical group management association - southern region median benchmark data of the specific academic rank, specialty and years of service of the employee. Both data sets are utilized to establish the compensation level. Other factors include the physician's research and education contributions.”

“The kansas university neurological surgery foundation provides upon written request presented at its office: its original 1023, its latest form 990, its conflict of interest policy and its latest audited financial statements within 10 business days of the receipt of such request.”

“The foundation has signed an agreement to transfer all of its activities, assets, liabilities and fund balances into a new integrated clinical enterprise. The new enterprise is kansas university physicians (ein 48- 1163756) and is a 501(c)(3) exempt entity. The foundation began transferring some of its assets to this new enterprise during fye june 30, 2016. The existing entity will be dissolved once all transfers to the new enterprise are complete.”

“Cash transferred to new foundation -283,000 assets transferred to new foundation 0 total -283,000”