Ku Children'S Center Foundation

“Classes of members or stockholders: ku children's center foundation has members rather than stockholders.”

“Election of members and their rights: the ku children's center has as its members the full-time faculty of the department of pediatrics at the university of kansas school of medicine. In addition, those persons who are at least part-time may also be elected to membership by a two-thirds (2/3) vote of the members of the organization. Members are not entitled to receive a share of the organization's profits, excess dues, or a share of the net assets.”

“Decisions subject to approval of members: certain actions and decisions of the board of trustees are subject to approval by the members.”

“Organization's process to review form 990: the form 990 is prepared and reviewed by the organization's outside accounting firm. Then sent to the organization's offices and administrator for review. After any changes, the updated return is then sent to the board for review and comment. Once reviewed by the board and all questions and comments have been addressed, the final form 990 is provided to the board prior to filing with the tax authorities.”

“Enforcement of conflicts policy: members review the conflict of interest policy during the first quarter of each calenday year. Any potential conflicts are disclosed and resolved at that time.”

“Line 15a - compensation process for officers: no compensation was paid by organization for fy18. Physician salaries are based on the association of administrators in academic pediatrics benchmarks for the specific academic rank, specialty, clinical productivity and years of service of the employee. Line 15b - compensation process for officers: no compensation was paid by organization for fy18. Physician salaries are based on the association of administrators in academic pediatrics benchmarks for the specific academic rank,specialty, clinical productivity and years of service of the employee.”

“Governing documents disclosure explanation: the ku children's center foundation provides upon written request presented at its office: its original form 1023, latest form 990, conflict of interest policy and latest financial statements within 10 business days of the receipt of such request.”

“Organization ceased doing business.”

“Transferred reserves -9493.”

“The foundation 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. All transfers have been completed and the existing entity was dissolved.”