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Nonprofiteer
← HUMAN BENEFIT INSTITUTE

Form 990 for tax year 2023

Filed by HUMAN BENEFIT INSTITUTE.

Totals

Total revenue
$16,241,492
Total expenses
$2,729,404
Contributions and grants received
$15,000,000
Grants paid
$2,500,000
Program service revenue
$0
Investment income
$1,241,492
Other revenue
$0
Total assets, end of year
$58,512,088
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$58,512,088
Program services expenses (Part IX)
$2,500,000
Management and general expenses
$229,404
Fundraising expenses
$0
Program service expenses (Part III)
$2,500,000

Program services were 91.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $15,000,000

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $1,241,492 · excluded $1,241,492

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,500,000 · program services $2,500,000

  • 11b · Fees: legal

    total $102,574 · management and general $102,574

  • 11c · Fees: accounting

    total $11,498 · management and general $11,498

  • 11g · Fees: other

    total $10,694 · program services $0 · management and general $10,694 · fundraising $0

  • 13 · Office expenses

    total $250 · management and general $250

  • 16 · Occupancy

    total $104,388 · management and general $104,388

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $45,000,000 · end of year $172,152

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $6,618,444

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $6,618,444

  • 12 · Investments: other securities

    beginning of year $0 · end of year $51,721,492

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $45,000,000 · end of year $58,512,088

Mission and programs · 2023

Mission

GRANTMAKING AND PROMOTION OF ARTS

Activities or mission (Part I)

Movement Musick's vision is a preferred partner and platform that removes barriers and unlocks the potential of artists. We leverage the power of music to unite communities and drive meaningful social change in our backyard, while catalyzing movements on a national scale.

  • GRANTMAKING AND PROMOTION OF ARTS

    Expenses $2,500,000 · Grants $2,500,000

As filed on the 2023 return.

Listed in Part VII

  • C Chase Koch

    DIRECTOR/PRESIDENT/SECRETARY

    Total calculated
    $0
    Hours/week
    0.2 + 7.2 related

  • Elaine Kohler

    TREASURER

    Total calculated
    $0
    Hours/week
    0.2 + 0.2 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • BLUE ONE LLC

    INVESTMENTS · KS · income $0 · assets $0

    Directly controlled by MOVEMENT MUSICK INC

  • GT ENTERPRISES LLC

    INVESTMENTS · KS · income $0 · assets $4,466,685

    Directly controlled by BLUE ONE LLC

  • TWENTY-THREE DEVELOPMENT LLC

    Investments · KS · income $0 · assets $0

    Directly controlled by BLUE ONE LLC

  • EMPORIA INVESTMENTS LLC

    Investments · KS · income $0 · assets $1,451,759

    Directly controlled by BLUE ONE LLC

  • ICT FIRST PROPERTIES LLC

    Investments · KS · income $0 · assets $700,000

    Directly controlled by BLUE ONE LLC

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • STVL3 LLC

    INVESTMENTS · DE

    Directly controlled by STFEL

  • 1888 NPO FUND LLC

    INVESTMENTS · DE

    Directly controlled by NA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • PBM CENTER INC

    C Corporation · CONSULTING · DE · controlled entity

    Directly controlled by STEEL

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202413209349304396

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