Better Business Bureau

Charity Contact Information BBB Wise Giving Alliance Comments Programs

Tax Status Governance Fund Raising Financial

Name:	Kosair Charities
Address:	982 Eastern Parkway
	Louisville, KY 40217
Phone:	502-637-7696
Web Address:	www.kosair.org

Kosair Charities meets the 20 Standards for Charity Accountability.

Kosair Charities provides for the operation and conduct of programs and services for the pediatric care and treatment of children. Programs and services include, but are not limited to, medical education, clinical study, publication of papers and articles, teaching the knowledge of chronic diseases and physical disabilities of children and the application of such knowledge to the prevention and treatment of such conditions. Kosair Charities also provides services, counseling and advice in connection with the care and treatment of children, to promote and provide scientific research in the pediatric field of medicine and to provide for the prevention and treatment of child abuse and neglect. Direct and indirect public support in the form of contributions, bequests, and gifts are added to an endowment fund, the earnings of which are used to achieve stated purposes.

For the fiscal year ended September 30, 2009, Kosair Charities's program expenses were:

Child care services	18,992,569
Total Program Expenses:	$18,992,569

Chief Executive : Randy Coe, President

Compensation*:

Chair of the Board: Jerry Ward
Chair's Profession / Business Affiliation: Chairman

Co-Chair of the Board : Wendell P. Wright

Chair's Profession / Business Affiliation: Vice Chairman

Board Size: 18

Paid Staff Size: 18

Method(s) Used:

Fund raising expenses include direct mail, invitations to fund raising events, print advertisements, television, radio, grant proposals, internet, and planned giving arrangements.

Fund raising costs were 62% of related contributions. (Related contributions, which totaled $2,259,459, are donations received as a result of fund raising activities.)

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.

The following information is based on Kosair Charities audited financial statements for the year that ended September 30, 2009. Ending net assets as reported below include $19,450,090 in unrestricted net assets and $115,774,251 in permanently restricted net assets. Total assets as reported include $3,535,132 invested in property and equipment, net.

Source of Funds
Unrealized gain on investments	12,412,471
Interest & dividends from investments	3,113,224
Contributions	991,939
Legacies & Bequests	882,066
Special events	385,454
Program service revenue	374,063
Other income	7,883
Gain on sale of assets	208
Appreciation of investments held in trust by others	-220,669
Realized (Loss) on investment	-22,566,381
Total Income	($4,619,742)

Uses of Funds as a % of Total Expenses

Programs: 90%  Fund Raising: 7%  Administrative: 3%

Total income				($4,619,742)
	Program expenses			$18,992,569
	Fund raising expenses			1,405,661
	Administrative expenses			679,800
Total expenses				$21,078,030
Expenses in Excess of Income				(25,697,772)
Beginning net assets				160,922,113
Ending net assets				135,224,341
Total liabilities				95,804,224
Total assets				$231,028,565

The BBB has determined that the organization's use of funds is reasonable given current economic conditions even though the organization's fund raising expense ratio exceeds the 35% requirement in Standard 9. The BBB notes that the organization has consistently met all BBB standards, including standard 9, in prior years and the organization anticipates meeting all standards in future years.