Annual Report Fiscal Year 2009
DOWN TO EARTH
Making Sensibility, Style & Sustainability Village Business
POWER IN NUMBERS
A le/er from the president of John Knox Village
I had lunch one day with a 97year-old independent living resident who has lived at the Village for more than 30 years. This casual encounter reminded me of the awesome responsibility each of us at the Village has to provide quality services for residents. They are counting on us to be there for them – emotionally, physically and financially. When it became obvious this past fiscal year that our finances were not going the way we needed them to, my lunch date served as a touchpoint for me. Though it would have been easy to find ways to reduce Village expenses by cutting back on services, or by
reducing the quality of those services, doing so would mean that we thought the money was most important. In reality, the money is just a means to an end. Providing quality service to older adults is why we are here. With those proper priorities in mind, I knew that true success comes from many minds working together and true leadership involves stepping back to listen. So I invited all associates and residents to come to the table and share their insights and practical solutions to our business needs. I know those living and working on the front lines are far more knowledgeable about the specifics of our day-to-day operations than I could ever hope to be. Most can spot a cost-saving opportunity from a mile away and were happy to share when asked. Boy, were they! Our associates submitted more than 700 suggestions for ways to either reduce expenses or increase revenues. Residents submitted 100 more. Village leaders and I evaluated each of these ideas and assessed which could be implemented and which did not make good financial sense at this time. We have already implemented a large number of these recommendations, and through this outstanding team-
work, we have begun to turn things in a new direction. We achieved this through practical and sound choices with a central focus on maintaining our high level of quality and being good stewards of the financial and human resources involved. I am proud of our work. Good things never happen by accident; they happen with purpose. Purpose creates the desire we need to endure and persevere. At the Village, our purpose is clear and powerful. “Enriching lives and building community� is more than a catchy phrase. It is the purpose that drives our decisions and our work. There truly is power in numbers.
Daniel D. Rexroth CEO/President, John Knox Village
Annual Report Fiscal Year 2009
Fiscal Year 2009 John Knox Village Board of Directors George Pagels, MD (Chair): President and CEO, Saint Luke’s East-Lee’s Summit Frank Janner (Vice Chair): Retired, former Vice President and CFO, Menorah Medical Center Roy Loven (Secretary): Retired, John Knox Village Resident Carolyn Caldwell: President and CEO, Centerpoint Medical Center Damond Boatwright*: President and CEO, Lee’s Summit Medical Center Art Dewsberry: Retired, John Knox Village Resident Robert Ellis: Retired, John Knox Village Resident Thomas Jackson: President, Metcalf Bank - Lee’s Summit Thomas Langenberg: President and CEO, Community Health Group Robert Piepho, PhD: Dean and Professor, University of Missouri-Kansas City School of Pharmacy *Succeeded Carolyn Caldwell mid-fiscal year
John Knox Village Corporate Staff Daniel D. Rexroth: President and CEO James H. Franklin, RHP: Vice President, Finance, and Corporate Treasurer Betty Freeman-Boots, SPHR: Vice President, Human Resources Rodney L. McBride: Vice President, Health and Community Services Group Maria T. Timberlake: Vice President, Senior Living
John Knox Village Founda.on Board of Trustees
Katherine Howell, Chair Ronald Kean, Vice Chair Sandy Langsford-Cox, Secretary/Treasurer Stephen Chinn, Mark Fountain, G. David Gale, Michael McRobbie David Ross, Gene Wilson
Founda.on Staff
William C. Bergosh, CFRE, President © 2009 The John Knox Village Annual Report is published once per fiscal year. It can be found online at www.johnknoxvillage.org.
Enjoying the Re.rement Lifestyle…
…without the re+rement
Karen and Bob Arredondo were first introduced to John Knox Village in 1984 when they explored moving Karen’s mother to the area from St. Louis. Although the move didn’t work out, the couple never forgot the Village and became residents in late 2002. The Arredondos planned their move so that they could continue to enjoy the life they had built outside the Village – including growing their accounting/ consulting businesses – as well as participate in the vast number of activities, services and amenities offered by the Village. The couple has participated in productions put on by the resident theater group, volunteered at the Village Care Center ice cream parlor and contributed to Resident Council, just to name a few. In addition, Karen recently was elected to the John Knox Village Board of Directors. “Living at John Knox Village has been great because we have been able to expand our business and pursue new interests, but haven’t had to worry about house maintenance or landscaping,” Bob said. “Or cooking and cleaning up,” Karen added with a laugh.
BUILDING OUR BOTTOM LINE Associates, residents partner to reduce sensibly Mid-way through the fiscal year (April 1, 2008, through March 31, 2009), John Knox Village intensified its efforts to decrease expenses and increase revenues. Village leadership invited all associates and residents to share their suggestions. President and CEO Dan Rexroth said it was important to involve everyone in the process because all involved would be affected by the final outcomes. He acknowledged, too, that those on the front lines – either doing the daily work or receiving the services – may have a clearer idea of specific changes that could save dollars without compromising the quality of those services.
Q: How many sugges+ons did you receive? A: We received more than 700 suggestions from about
250 associates, and 100 more from 50 residents. Many of the best suggestions were duplicates, showing that many minds were focused on the right things.
Q: How were those sugges+ons handled? A: Every suggestion was reviewed by President Dan
Rexroth and a management team was charged with assessing the Village’s ability to act on the suggestions submitted. Ideas that were given the “green light” to act on were assigned to departments and implemented immediately. Some were designated to the “yellow” category for further investigation or to be held until the timing was better to implement them, and some were evaluated as not possible or not practical.
Q: Have those items that were implemented had a posi+ve effect on the budget? A: Yes! This process was extremely successful, not only
in compiling a list of practical and actionable ideas, but also in developing the internal support we needed to make multiple changes quickly and with so much enthusiasm from associates and residents. By acting before our finances became a crisis situation, we are in a better financial position than many of our competitors. We are financially stable, we have an excellent credit rating, and we were able to find ways to cut nearly $3 million over the next 12-18 months.
Cost Reduction Measures
Changing to a new health insurance plan and
avoiding an 11 percent increase in monthly premiums
Adjusting the way associate paid time off is accrued and making changes to buyback and carryover policies
Streamlining staffing procedures and eliminating bonus programs at the Village Care Center
Reducing mileage on Village vehicles Eliminating distribution of meal tickets to volunteers
Eliminating associate meal discounts in Village restaurants
Instituting a wage freeze, allowing us to
preserve positions
More Bottom Line Boosters
Restructuring the human resources department Renegotiating vendor and service provider contracts
SMART SOLUTIONS Op.mizing our u.lity usage
to take advantage of better pricing and/or packages
Enforcing purchasing policies to ensure best pricing Improving energy efficiency through lighting and
equipment improvements
Adjusting restaurant pricing to more closely match market prices
Cross-training restaurant staff at multiple locations to simplify staffing
Partners in Excellence
As a not-for-profit organization, our mission at John Knox Village is:
“Enriching Lives, Building Community”
This mission encompasses both the residents and associates because it takes the partnership between the two to make John Knox Village a place where people want to live, work and be served.
In a number of places throughout this report, you will see ways that our operations department has worked to counteract the rising costs of utilities. One especially noteworthy project is the Village’s participation in Kansas City Power & Light’s new Energy Optimizer program. KCP&L installed about 460 new digital thermostats in our cottages, villas and single-family homes. The cost to the Village for the thermostats and installation: $0. What’s more, we will gain even greater benefits through lower energy usage. Director of Operations and Development Brian Petersen said, “These programmable thermostats now allow residents to set their thermostats and forget them. Once programmed, each thermostat will automatically adjust the temperature around that resident’s daily schedule of active and inactive times. We expect it to save us an average of 15 percent in annual energy consumption.” The thermostats will not only lower the Village’s expenses for heating and cooling, but using less electricity will result in fewer pollutants in the atmosphere. KCP&L also benefits. By accessing the thermostats for four-hour increments on peak demand days, they cycle the compressor on and off, thus allowing them to serve more customers more efficiently.
GRAY IS THE NEW GREEN Sure, today’s young people think they own the “green” movement, but who do they think started the movement? Today’s current retirees were around when the “ecology” ball got rolling in the 70s. So it should be no surprise that residents of retirement communities around the nation are embracing the new focus on building and living “green.” John Knox Village is leading the way in looking for environmentallyand financially-friendly ways to care for our grounds, conduct business, maintain our buildings and provide transportation. Together, residents and associates are coming together to do what we can to be responsible stewards of the world around us, the funds entrusted to us, and the human resources we deploy.
Sustainability By focusing on “sustainability,” we partner with our residents in looking for ways to meet the needs of the present without compromising the ability of future generations to meet their own needs.
Sustaining Our Resources Over the past year and a half, the Village has increased its efforts in being environmentally aware and responsible. Associates have implemented new programs that use materials, tools and methods that are gentler on the environment and our budget.
A few examples include:
Motion sensors and energy
efficient lights in common areas save energy.
New natural stone blocks along the creek in Westminster Meadows reduce soil erosion.
New “co-mingled” recycling bins accept paper, plastic, tin and aluminum.
New pool pumps and saltwater systems in our indoor and outdoor pools use less energy and fewer chemicals.
Fewer miles driven by our
vehicle fleet saves gas and emissions.
New and attractive campus
lighting is more energy-efficient.
Something’s Always Happening at John Knox Village Keep your Friends and Family informed
It’s Easy Being ‘Green’ at the Thri Shop The John Knox Village Auxiliary Thrift Shop has been recycling for 25 years. By taking in items that people don’t need and finding them new homes, the shop helps reuse and repurpose clothes and household goods. Items that don’t sell well are donated to other organizations. These activities also produce income to support the needs of the residents and the organization, as well as associate activities, through the John Knox Village Auxiliary.
Campus Recycling
Paper recycling bins have been a fixture at John Knox Village for some time now, as have paper shredding bins in areas that handle sensitive documents. Once those documents are shredded, they are also recycled. Cintas, the Village’s shredding company, presented the organization with an Environmental Award. Cintas reported, based on the Village’s volume of shredding, John Knox Village has saved:
840 trees 18,787 gallons of oil
346,080 gallons of water
148 cubic yards of landfill
When it comes to the Village, what do your friends and family ask about? Special events? Activities? Trips? News? Now you can keep everyone in the loop. Sign them up for Friends and Family, and we’ll send a quarterly e-mail newsletter that will show them what’s happening at the Village. It’s easy! Send an e-mail* to friends.family@jkvresident.org and we’ll help you sign them up. *Names and e-mail addresses will not be used for any other purpose and recipients can unsubscribe at any time.
607 WAYS TO MAKE AN IMPRESSION
Campus improvements add to Village ‘style’
If you drove through the Village over the past 18 months, you probably saw some kind of construction, renovation or campus beautification project underway. Each of these projects was carefully planned to enhance the satisfaction of current residents while also adding to the marketability of the Village. An updated and attractive campus with a greater variety of housing choices is sure to make a memorable impression on those visiting or considering a move to the Village.
1. Resplendent Roofs
It’s done at last. In all, it took 877 days to complete more than 300 roof replacements and repairs brought on by the March 2006 hailstorm. And our houses look great. Doing them all at once enabled us to improve the neighborhoods’ appearance by making the roofs uniform. New materials and new vents made them more energy-efficient.
2. Curb Appeal
Landscaping, lights and beautiful benches – creating a master plan for our campus beautification projects allowed us to craft a more cohesive and consistent appearance for the entire Village and to get more bang for our bucks through careful planning.
When you visit, watch for:
1 3 new water features 70 sleek black benches classic 350 new black streetlights and refurbished 15 new monument signs 168 new street signs
scenic creek landscaped with natural rock to reduce erosion
3. Renova+ons
Both the A and C apartment buildings in the Courtyards Complex are back in business after extensive renovations. Gutting the buildings and combining apartment spaces for 52 larger, more modern apartments allowed us to create some truly distinctive living spaces.
4. F, G & H Building Remodeling
These apartment buildings have undergone an interior makeover that has delighted current and prospective residents. Up-to-date paint colors, carpeting and furnishings in the common areas have delighted and excited residents who are hosting more activities than ever – and bringing their friends.
PAVILION PRESENCE The Pavilion at John Knox Village, built in 1976, benefited from the roofing and campus beautification projects by receiving an extensive facelift. It now sports entirely new roofing that is not only eye-catching but is also durable and more energyefficient. The building exterior received a fresh coat of paint, and a stunning entrance has been created to help people know they have arrived at someplace special. The new digital sign beside The Pavilion’s driveway also helps make this community landmark stand out as a premier Lee’s Summit destination. Inside, the dance floor has been refinished, a new 10-by-10 foot screen and professional-grade LCD projector and Wi-Fi have been installed, and a new dressing room constructed. It’s a busy
place on weekends, with weddings, graduations, craft shows, and more. In FY09, The Pavilion worked to boost weekday usage as well, by marketing directly to businesses, associations and event planners throughout greater Kansas City. As part of their efforts, they launched their own concert series to expose a greater variety of people to the possibilities of The Pavilion.
Our Most-Publicized Pavilion Event for the Year? That would have to be the campaign stop when presidential candidate U.S. Sen. John McCain and his running mate Gov. Sarah Palin leased The Pavilion in September 2008, attracting a crowd of nearly 5,000, along with national news media.
VCC’s New Administrator David J. Mercier, LNHA, the Village Care Center’s new administrator, comes to John Knox Village with 26 years of management and administrative experience at longterm care, assisted living and health care facilities at a broad range of for-profit and not-forprofit organizations. “I have always heard of and known about John Knox Village and was always impressed with its reputation,” Mercier said. “I was extremely excited to join the Village and be part of the team. Getting to know the residents and staff has been one of the best parts of my job.” David has already made a number of changes to improve the quality of care and service at the Village Care Center and to make it easier for people to do their jobs well. These include: restructuring management so that the nursing staff is supervised by nurses rather than administrators; plans to install new flooring in hallways and common areas; and removing the nursing stations in the center of the care neighborhoods to make them feel less “institutional” and more like home.
GIFTS
& GIVING
New furnishings + new playground = Happy smiling kids … What could be be er? The software also helped create a more accurate accounting of volunteer hours and current and active volunteers. This was especially important because the number of new volunteer inquiries has increased substantially as a result of new volunteer recruitment techniques.
Founda.on Gi s
Over the past two years, both residents and associates helped provide The Children’s Village with funds for new equipment through donations to the John Knox Village Foundation. Our on-site child development center now has a new, colorful playground, complete with a tricycle path, as well as new shelves, cubbies, cribs and other much-needed furnishings for the classrooms. These additions not only benefit the children, but are also part of The Children’s Village’s efforts to achieve accreditation through the National Association for the Education of Young Children.
During Fiscal Year 2009, the John Knox Village Foundation received 742 gifts and provided funding for 46 projects and programs, including the new audio/ visual system for the meeting area in the F, G and H Building complex, furniture for Valley View, new TVs for the Village Care Center’s PostAcute Care Unit, and a refurbished floor for the Sun Valley Clubhouse, in addition to substantial assistance to Home for Life Solutions. The Foundation focused on celebrating its 25th anniversary year, launching the campus beautification bench program, and funding the Resident Financial Assistance Fund.
Volunteers
In FY09, the volunteer department started using new software to help organize its many volunteers and to more efficiently manage all the different volunteer services that are provided to 76 areas of the Village.
Number of volunteers: 430 Number of Volunteer hours logged: 70,000
John Knox Village Auxiliary The Auxiliary earned $303,402 through Thrift Shop and gift shop sales, as well as other fund-raising efforts. A few special events held throughout the fiscal year included jewelry and book sales and gift shop merchandise specials. The organization also:
Continued to fund college scholarships for associates, associates’ and residents’ family members, and the general community.
Pledged $8,333 for a new ambulance.
AWARDS Accredited for Another Five Years We have been continuously accredited by the Continuing Care Accreditation Commission – Commission on Accreditation of Rehabilitation Facilities since 1987, and we are now accredited Ask about our through December 2013. Very few CARF-CCAC Accreditation retirement communities can say this! We’re proud of this public recognition of our work, guided by 792 standards, to continuously improve services and quality of life for those we serve. Beyond the accreditation, we were recognized as being “exemplary” in several areas, including: “Living out our mission of Enriching Lives and Building Community through the multitude of services and programs provided,” and for Home for Life Solutions. The commission stated that “…this program provides the persons served with a level of comfort and safety not seen in most retirement communities.”
Circle of Excellence
The John Knox Village Fitness Center was one of the first two local organizations to be named to the Arthritis Foundation’s Circle of Excellence. This new award is the highest honor that the Western Missouri/Greater Kansas City chapter presents. It recognizes the Fitness Center as a longtime programming partner that provides AF-certified exercise classes, self-help courses, and public education programs, as well as one that participates annually in the Jingle Bell Run and the Arthritis Walk.
& ACHIEVEMENTS The Children’s Village: Colored by Crayola
The Village’s on-site child development center, The Children’s Village, had a fantastic opportunity to test some of Crayola’s new learning resources before the company published them as the “Dream-Makers” preschool teaching curriculum guide. The book has been published and includes quotes from one of our teachers, pictures of our students and resident volunteers, and examples of their work.
A Hero in Healthcare
Jackie Byers, LPN, who oversees the Valley View Memory Care unit, is one of 21 Heroes in Healthcare named by Ingram’s magazine in 2009. The award recognizes people who are constantly seeking out ways to improve their programs, hospitals and the larger industry. Providing quality patient care and promoting a spirit of teamwork are of critical importance, and providing a superior patient experience remains the measure against which all of the honorees measure their success.
Everything You Ever Wanted to Know… and Then Some! Visit us online at
www.johnknoxvillage.org Think you know all there is to know about John Knox Village? Bet you don’t! With more than 150 pages of news and information about all the Village has to offer, we KNOW you’ll learn something new.
Brings Services Home JOHN KNOX VILLAGE
Though originally established as a continuing care retirement community in Lee’s Summit, Mo., part of the John Knox Village mission is to serve older adults no matter where they live. Whether home is one of our independent living residences, residential care apartments or long-term care neighborhoods – or the family home – John Knox Village is prepared to meet the changing health care needs of Village residents and seniors who live throughout Missouri and Kansas.
Home-Centered Care
With advances in technology and treatment options, greater numbers of people are choosing to remain living in their homes rather than relocating to a higher level of care. They are seeking home-based health care options, such as the services offered by the Village’s home health, private-duty care, hospice and in-home technology assistance. Each provides quality care in the comfort and privacy of their homes. Because of our flexibility and ability to provide a variety of services – for example, short-term rehabilitation, long-term medication management and new technology offerings – our home-care options are experiencing positive growth. Our home health and hospice services exceeded their census goals in FY09. What’s more, Valley View Residential Care also remains strong. It’s important to note that Valley View’s assisted living memory care wing has consistently stayed full since it opened in 2006, demonstrating a high desire for this living option.
Simple Solu.ons
REDESIGNED! Fresh new look!
Our newest offering, Home for Life Solutions, provides clients with a system of wireless tools and systems to help discreetly monitor the daily activities of users. These include a flood detector, fall detector, bed/occupancy sensor, medication management tools, a personal emergency response system and much more. Home for Life Solutions had a successful first year providing demonstrations and selling products and services to Village residents and members of the greater community. Recent grants from the Victor Speas Foundation and the Brace Foundation, through Bank of America, and separately from the Jewish Heritage Foundation for Family Services, (both via the John Knox Village Foundation) provided a total of $130,000 to assist in ongoing development of Home for Life Solutions.
POWER IN NUMBER$
A word from John Knox Village’s vice president of finance
Given the current economic climate, there were many factors to take into account when examining our financials from fiscal year 2009 as well as in planning for FY10: The housing market, gas prices, energy prices, the stock market … as well as residents and prospective residents whose funds have been depleted because of the past year’s market conditions. Overall, we weathered the fiscal year better than many. Our bottom-line financial result improved in FY09 from the prior year as we repositioned the Village’s operations to withstand the economy’s impact on our business. By working closely with associates and residents to develop a plan to reduce operating costs without significantly affecting services provided to residents, we are already seeing a change in the monthly financials and expect continued improvement in FY10. Campus improvements remained a top priority, including the creation of 52 new apartments in the redeveloped A and C buildings and a $1.4 million renovation of the F, G and H apartment buildings. A $2 million campus beautification plan has enhanced the curb appeal and first impressions of the Village. The financial times impacted independent living sales, as prospective residents “hunkered down” in reaction to investment/portfolio
declines and the poor housing market. This prompted us to adjust marketing and sales strategies for both the existing campus and the Forest Lake development. Home for Life Solutions was off to a good start with numerous new clients. We continued to see growth in hospice and other community-based health services, but were challenged by a lower-than-budgeted census at the Village Care Center. In light of these, plus higher writedowns due to construction projects, lower investment income, and higher utility costs, we opted to forgo pay increases, rather than doing a workforce reduction. It was important to us to preserve associates’ jobs and to continue providing quality service by remaining fully-staffed. There was a great deal of associate support for this decision. In building our FY10 budgets, we are taking a conservative approach with the thought the economy won’t be bouncing back anytime in the near future. But we are also challenging ourselves to exceed those budget goals regularly. Finally, we are grateful to the John Knox Village Foundation and the John Knox Village Auxiliary for their continued financial support of the Village’s capital needs, scholarship programs and the resident financial assistance program.
Bond Ra.ng Update Fitch Ratings’ annual review of the Village’s 2007 tax-exempt bond issue awarded us a BBB, based on our financial operating results and the value of our investments. This rating indicates a history of strong performance by John Knox Village. Out of more than 2,000 senior living organizations in the United States, only 151 have rated debt (as of Nov. 30, 2008), and of these, 65 percent are in the “BBB” category.
James H. Franklin, RHP Vice President of Finance and Corporate Treasurer
JKV Consolidated Balance Sheets ASSETS
March 31, 2009
Current Assets Cash and cash equivalents Accounts receivable, net Current portion of assets limited as to use Board designated Held by bond trustee Inventories Prepaid expenses and other Total Current Assets Assets limited as to use, net of current portion Board designated Held by bond trustee Restricted by donors Total Assets Limited as to Use Other Investments Property and Equipment Property and equipment, net Accumulated depreciation Total Property and Equipment, net Deferred Financing Costs, net Forward Delivery Agreement Due to/from Affiliates TOTAL ASSETS
$4,078,981 4,382,983
March 31, 2008
$3,358,711 4,960,474
1,371,525 233,387 433,395 416,545
1,374,177 168,071 375,471 824,185
$10,916,816
$11,061,089
21,761,429 6,207,528 1,995,120
31,367,818 11,638,560 2,210,393
$29,964,077
$45,216,771
LIABILITIES, DEFERRED REVENUE AND March 31, 2009 March 31, 2008 NET ASSETS Current Liabilities Current maturities of long-term debt Accounts payable and accrued expenses
$1,245,000
$1,175,000
8,003,435
9,086,825
Total Current Liabilities
$9,248,435
$10,261,825
5,464,062
5,905,298
41,976,452
44,393,889
$47,440,514
$50,299,187
Deferred Revenues and Deposits Deposits received in advance on entrance fees and refundable fees Deferred revenue, entrance fees and monthly service fees Total Deferred Revenues and Deposits Forward Delivery Agreement
151,717
128,311
199,766,675 (100,390,759)
193,483,631 (93,852,705)
99,375,916
99,630,926
778,101
836,569
1,533,195 $4,009,478
$4,133,924
$146,749,300
$161,007,590
Asset Retirement Obligation, net of current portion Long-Term Debt, net of current portion Total Liabilities and Deferred Revenue Net Assets Unrestricted Temporarily restricted Permanently restricted Total Net Assets TOTAL LIABILITIES AND NET ASSETS
198,473
3,361,875
3,089,638
62,940,726
63,311,482
$122,991,550
$127,160,605
22,028,538 514,700 1,214,512
31,936,781 741,780 1,168,424
$23,757,750
$33,846,985
$146,749,300
$161,007,590
JKV Consolidated Statement of Operations FOR YEARS ENDED
March 31, 2009
Operating Revenues Resident service fees Annual agreement fees Health service fees, net Amortization of deferred revenue including attrition and move-outs Investment income Net assets released from restrictions used for operations Other Total Operating Revenues Operating Expenses Salaries, wages and benefits Other operating expenses Loss on disposal of property and equipment Loss on extinguishment of debts Interest and depreciation Impairment of asset (Forest Lake) Total Operating Expenses Revenue Over (Under) Expenses Contributions from JKV Auxiliary Net change in unrealized gains (losses) on investments Transfers to parent Increase (Decrease) in Unrestricted Net Assets
March 31, 2008
$8,803,919 7,269,365 40,822,069
$8,210,864 7,219,415 40,504,442
2,777,244 679,393
3,164,354 2,783,816
278,256 3,666,686
922,580 3,194,799
$64,296,932
$66,000,270
36,655,464 20,478,194
36,546,676 20,213,755
(40,361)
1,027,114 1,609,719 10,426,521
10,285,386 966,801 $68,345,484
$69,823,785
(4,048,552)
(3,823,515) 2,669
(5,859,691)
(1,418,714) (400,399)
(9,908,243)
(5,639,959)
John Knox Village Foundation Balance Sheets ASSETS Cash and cash equivalents Investments Estates receivable Pledges receivable Charitable remainder trusts Charitable gift annuities TOTAL ASSETS
LIABILITIES AND NET ASSETS
Due to John Knox Village Annuity payment due on charitable remainder trusts Annuity payment due on charitable gift annuities Net assets TOTAL LIABILITIES AND NET ASSETS
March 31, 2009
March 31, 2008
$155,353 1,895,990 149,971 109,177 86,228 312,828
$631,248 2,079,118 164,971 70,878 107,451 438,627
$2,709,547
$3,492,293
$135,828
$44,718
33,411
33,411
214,178 2,326,130
250,958 3,163,206
$2,709,547
$3,492,293
Enriching Lives, Building Community 400 N.W. Murray Road Lee’s Summit, MO 64081
(816) 251-8000 www.johnknoxvillage.org
Ask about our CARF-CCAC Accreditation
Like our monthly magazine, the John Knox Village Voice, our annual report has been printed on recycled paper. The Village supports not only recycling, but also the use of recycled materials whenever possible. The Forest Stewardship Council Mixed Sources label indicates that the material used to produce this publication is from well-managed forests, controlled sources and recycled wood or fiber.