Civic Intelligence

Kansas University Neurological Foundation

990 • Fiscal year 2014 • EIN 48-0938889

Jul 01, 2013 to Jun 30, 2014 • Filed on Nov 17, 2014

3901 Rainbow Blvd Mail Stop 2012Kansas City, KS 66160

(913) 588-6970

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

33rd percentile

0.07x

Higher debt load relative to assets than 33% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

15th percentile

0.03x

Higher debt load relative to revenue than 15% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

47th percentile

1.8%

Higher net margin than 47% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

91st percentile

$363,039

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 5.1% of source-year revenue.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

56th percentile

4.5%

Faster asset growth than 56% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

88th percentile

46%

Faster revenue growth than 88% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Assets

Up

$2,777,499

Up $120,661 (+4.5%) from 2013

Net Assets

Up

$2,590,066

Up $128,359 (+5.2%) from 2013

Liabilities

Down

$187,433

Down $7,698 (-3.9%) from 2013

Revenue

$7,169,119

No earlier filing loaded for comparison.

Expenses

Up

$7,040,760

Up $2,340,551 (+50%) from 2013

Net Income

$128,359

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0-$1.0MAssets 2010: $1,089,226Liabilities 2010: $130,953Net Assets 2010: $958,2732010Assets 2011: $1,792,073Liabilities 2011: $132,702Net Assets 2011: $1,659,3712011Assets 2012: $2,389,526Liabilities 2012: $134,208Net Assets 2012: $2,255,3182012Assets 2013: $2,656,838Liabilities 2013: $195,131Net Assets 2013: $2,461,7072013Assets 2014: $2,777,499Liabilities 2014: $187,433Net Assets 2014: $2,590,0662014Assets 2015: $2,067,849Liabilities 2015: $191,335Net Assets 2015: $1,876,5142015Assets 2016: $25,334Liabilities 2016: $69,998Net Assets 2016: -$44,6642016Assets 2017: $9,105Liabilities 2017: $69,998Net Assets 2017: -$60,8932017Assets 2018: $4,182Liabilities 2018: $69,998Net Assets 2018: -$65,8162018

Highlighted filing

2014

Assets$2,777,499
Liabilities$187,433
Net Assets$2,590,066

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2010: $2,644,2712010Expenses 2011: $2,697,2132011Expenses 2012: $3,499,9492012Expenses 2013: $4,700,2092013Revenue 2014: $7,169,119Expenses 2014: $7,040,760Net Income 2014: $128,3592014Revenue 2015: $7,362,630Expenses 2015: $8,076,182Net Income 2015: -$713,5522015Revenue 2016: $3,977,865Expenses 2016: $5,119,758Net Income 2016: -$1,141,8932016Revenue 2017: $61,840Expenses 2017: $7,330Net Income 2017: $54,5102017Revenue 2018: $283Expenses 2018: $5,206Net Income 2018: -$4,9232018

Highlighted filing

2014

Revenue$7,169,119
Expenses$7,040,760
Net Income$128,359
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Nov 17, 2014
Return Version
2013v3.1
Gross Receipts
$7,169,119
Mission and Program Overview

Mission

Organization provides medical education to students and residents, patient care and conducts research.

Organization provides medical education to students and residents, provides patient care, and conducts research.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,294,884$2,344,657▲ $49,773
Accounts Receivable$361,954$432,842▲ $70,888
Total Assets$2,656,838$2,777,499▲ $120,661
Liabilities
Accounts Payable and Accrued Expenses$125,133$117,435▼ $7,698
Other Liabilities$69,998$69,998→ $0
Total Liabilities$195,131$187,433▼ $7,698
Net Assets / Fund Balance
Unrestricted Net Assets$2,461,707$2,590,066▲ $128,359
Total Net Assets Fund Balance$2,461,707$2,590,066▲ $128,359
Total Liabilities and Net Assets / Fund Balance$2,656,838$2,777,499▲ $120,661
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael AbrahamMemberFT$317,625$45,414$363,039
Colleen LechtenbergMemberFT$249,978$46,863$296,841
Yun-xia WangMemberFT$231,408$43,324$274,732
Kathrin HusmannMemberFT$225,692$42,034$267,726
Richard BarohnPresidentFT$199,535$36,302$235,837
Jayashree SundararajanMemberFT$204,064$28,902$232,966
Richard DubinskySecretaryFT$147,024$27,341$174,365
Gary GronsethVice PresideFT$65,408$6,541$71,949
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$7,168,286
Investment Income
$833
Other Revenue
$0
Change in Net Assets
$128,359
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,237,510
Other Expenses$803,250
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,767,573--$4,767,573
Current Officers, Directors, Trustees, and Key Employees$488,586--$488,586
Pension Plan Contributions$461,786--$461,786
Payroll Taxes$315,656--$315,656
Other Employee Benefits$203,909--$203,909
Insurance$65,083$8,536-$73,619
All Other Expenses-$36,674-$36,674
Other Expenses$61,894$30,200-$30,200
Fees for Services Legal-$28,872-$28,872
Occupancy-$14,318-$14,318
Office Expenses-$11,319-$11,319
Fees for Services Accounting-$7,430-$7,430
Total Functional Expenses$6,903,411$137,349$0$7,040,760
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Kuea Payable$69,998
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

Kansas university neurological foundation has members rather than stockholders.

Form 990, Page 6, Part VI, Line 7A

The kansas university neurological foundation has as its members the full- time faculty of the department of the neurology at the university of kansas school of medicine.

Form 990, Page 6, Part VI, Line 7B

Certain actions and decisions of the board of trustees are subject to approval by all of the members at its annual meeting.

Form 990, Page 6, Part VI, Line 11B

The form 990 is prepared and reviewed by an outside accountant, then sent to the organization's officers and accounting personnel for review. After any changes, the updated return is then sent to the board for review and comments. 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.

Form 990, Page 6, Part VI, Line 12C

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.

Form 990, Page 6, Part VI, Line 15A

The top official does not receive a salary as top official, but as a physician. Physician salaries are reviewed annually by the board and approved by the executive dean. Base compensation is based on the american association of medical colleges median benchmark for the specific academic rank, specialty, productivity and years of service of the employee.

Form 990, Page 6, Part VI, Line 15B

Physician salaries are reviewed annually by the board and approved by the executive dean. Base compensation is based on the american association of medical colleges median benchmark for the specific academic rank, specialty, productivity and years of service of the employee.

Form 990, Page 6, Part VI, Line 19

The kansas university neurological foundation 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.

Filing and Contact Details

Filer

EIN
48-0938889
Phone
9135886970

Signing Officer

Name
Richard Barohn Md
Title
President
Phone
9135886970
Signed
2014-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Richard Barohn Md
Formed
1982
Legal Domicile
Ks
Voting Board Members
3
Independent Board Members
0
Employees
35

Preparer

Preparer
Jennifer D Magyar CPA
Phone
9133818350
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

The organization is exempt from federal income tax under section 501(c)(3) of the internal revenue code. The organization qualifies for the charitable contribution deduction under section 170(b)(1)(a) and has been classified as an organization other than a private foundation under section 509(a). The accounting standard on accounting for uncertainty in income taxes addresses the determination of whether tax benefits or liabilities claimed or expected to be claimed on a tax return should be recorded in the financial statements. There were no unrecognized tax benefits or liabilities identified or recorded for the years ended june 30, 2014 and june 30, 2013. The organization files its form 990 with the united states government and is registered in the state of kansas. The organization is generally no longer subject to examination by the irs for the years before 2010.

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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0KUEA PAYABLE
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A). THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS OR LIABILITIES CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. THERE WERE NO UNRECOGNIZED TAX BENEFITS OR LIABILITIES IDENTIFIED OR RECORDED FOR THE YEARS ENDED JUNE 30, 2014 AND JUNE 30, 2013. THE ORGANIZATION FILES ITS FORM 990 WITH THE UNITED STATES GOVERNMENT AND IS REGISTERED IN THE STATE OF KANSAS. THE ORGANIZATION IS GENERALLY NO LONGER SUBJECT TO EXAMINATION BY THE IRS FOR THE YEARS BEFORE 2010.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount111232
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount418210
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount518299
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt021440
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0RICHARD BAROHN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1RICHARD DUBINSKY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2MICHAEL ABRAHAM
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3COLLEEN LECHTENBERG
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm4YUN-XIA WANG
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm5KATHRIN HUSMANN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm6JAYASHREE SUNDARARAJAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0KANSAS UNIVERSITY NEUROLOGICAL FOUNDATION HAS MEMBERS RATHER THAN STOCKHOLDERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE KANSAS UNIVERSITY NEUROLOGICAL FOUNDATION HAS AS ITS MEMBERS THE FULL- TIME FACULTY OF THE DEPARTMENT OF THE NEUROLOGY AT THE UNIVERSITY OF KANSAS SCHOOL OF MEDICINE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CERTAIN ACTIONS AND DECISIONS OF THE BOARD OF TRUSTEES ARE SUBJECT TO APPROVAL BY ALL OF THE MEMBERS AT ITS ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 IS PREPARED AND REVIEWED BY AN OUTSIDE ACCOUNTANT, THEN SENT TO THE ORGANIZATION'S OFFICERS AND ACCOUNTING PERSONNEL FOR REVIEW. AFTER ANY CHANGES, THE UPDATED RETURN IS THEN SENT TO THE BOARD FOR REVIEW AND COMMENTS. 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MEMBERS 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE TOP OFFICIAL DOES NOT RECEIVE A SALARY AS TOP OFFICIAL, BUT AS A PHYSICIAN. PHYSICIAN SALARIES ARE REVIEWED ANNUALLY BY THE BOARD AND APPROVED BY THE EXECUTIVE DEAN. BASE COMPENSATION IS BASED ON THE AMERICAN ASSOCIATION OF MEDICAL COLLEGES MEDIAN BENCHMARK FOR THE SPECIFIC ACADEMIC RANK, SPECIALTY, PRODUCTIVITY AND YEARS OF SERVICE OF THE EMPLOYEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PHYSICIAN SALARIES ARE REVIEWED ANNUALLY BY THE BOARD AND APPROVED BY THE EXECUTIVE DEAN. BASE COMPENSATION IS BASED ON THE AMERICAN ASSOCIATION OF MEDICAL COLLEGES MEDIAN BENCHMARK FOR THE SPECIFIC ACADEMIC RANK, SPECIALTY, PRODUCTIVITY AND YEARS OF SERVICE OF THE EMPLOYEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE KANSAS UNIVERSITY NEUROLOGICAL FOUNDATION 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.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TerminateOperationsInd0false
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02590066
IRS990/TotalOtherCompensationAmt0173652
IRS990/TotalProgramServiceExpensesAmt06903411
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine103901 RAINBOW BLVD
IRS990/USAddress/City0KANSAS CITY
IRS990/USAddress/State0KS
IRS990/USAddress/ZIPCode066160
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IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02015-11-30 17:44:51Z

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