Northcare Hospice & Palliative Care

“The endowment funds are reported as permanently restricted net assets on the financial statements of kansas city hospice foundation. The endowment consists of 2 donor restricted funds. Net assets associated with the endowment fund are classified and reported based on the existence or absence of donor imposed restrictions. Donor restrictions conform to the organization's mission. The polsky family supporting foundation endowment, a donor restricted endowment, operates under the following guidelines. The purpose of the endowment is to provide funds to: 1) teach members/officers/trustees/staff principles of prudent investing and by receiving and considering periodic investment recommendations from norman polsky or his successor, and/or 2) foster staff development through formal education, regular training, attendance at industry conferences and events, and whatever other staff programs the kchf board determines to be appropriate, and/or 3) foster and encourage fund raising by hiring a successful professional fund raiser capable of teaching the staff and the professional volunteer officers of kch, and/or 4) foster improved public relations for kch by hiring a professional to teach the staff and officers and/or 5) encourage research and education, educational accreditation and other similar activities, and/or 6) establish an archive of kchf to preserve the history, and/or 7) establish a program recognizing and utilizing more of the past officers, board members and staff, and/or 8) carry on any other activities consistent with kch tax-exempt status and as determined by kch board of directors, except that no part of the endowment principal may be used to defray operating expenses such as, without limitation, rent, payroll, employee benefit programs, equipment purchases, leases, and supplies-unless specifically approved in writing in advance by pfsf. The second endowment, the community health group endowment, operates under the following guidelines: 1) to establish, operate, support, provide the capital requirements of, and maintain hospitals, inpatient facilities, clinics, laboratories, office buildings, pharmacies, and all measure of facilities and programs for or relating to, the study or care of the human mind and body or any part thereof, and 2) to foster the health of the community and to engage in educational activities, research and operations related thereto.”

“Management has evaluated their income tax positions under the guidance included in asc 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.”

“Related organization revenue $ 25,627,412 medicaid room & board expenses $ (174,772) eliminations $ (6,300,652) ------------- $ 19,151,988”

“Related organization expense $ 30,479,666 medicaid room & board expenses $ (174,772) eliminations $ (6,300,652) ------------- $ 24,004,242”