Ku Children'S Center Foundation

“Kansas university orthopedic association has members rather than stockholders.”

“The kansas university 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.”

“The form 990 is prepared and reviewed by the organization's 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.”

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

“Top official doesn't receive a salary for being a top official, only as a physician. 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.”

“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.”

“The kansas university children's center foundaiton provides upon written request presented at its office: its original form 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.”

“Asset transfer - sch n -2,451,307 total -2,451,307”