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← REHABILITATION INSTITUTE FOUNDATION

Form 990 for tax year 2024

Filed by REHABILITATION INSTITUTE FOUNDATION.

Totals

Total revenue
$326,644
Total expenses
$300,440
Contributions and grants received
$1,000
Grants paid
$222,300
Program service revenue
$0
Investment income
$325,644
Other revenue
$0
Total assets, end of year
$8,720,404
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$8,720,404
Program services expenses (Part IX)
$222,300
Management and general expenses
$78,140
Fundraising expenses
$0
Program service expenses (Part III)
$222,300

Program services were 74.0% 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.

  • 1f · All other contributions, gifts and grants

    $1,000

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $188,491 · excluded $188,491

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $1,492,205

  • 7b · Less cost or other basis and sales expenses

    securities $1,355,052

  • 7c · Gain or loss

    securities $137,153 · other assets $0

  • 7d · Net gain or loss

    total $137,153 · excluded $137,153

  • 8c · Net income from fundraising events

    total $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 $222,300 · program services $222,300

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 11c · Fees: accounting

    total $4,725 · management and general $4,725

  • 11f · Fees: investment management

    total $31,326 · management and general $31,326

  • 11g · Fees: other

    total $35,000 · program services $0 · management and general $35,000 · fundraising $0

  • 12 · Advertising and promotion

    total $2,700 · management and general $2,700

  • 14 · Information technology

    total $2,693 · management and general $2,693

  • 16 · Occupancy

    total $600 · management and general $600

  • 23 · Insurance

    total $1,068 · management and general $1,068

  • 24a · Other expenses: MISCELLANEOUS

    total $28 · management and general $28

  • 24e · All other expenses

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

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $11,685 · end of year $4,917

  • 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

    $2,627,283

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

    $1,832,946

  • 10c · Land, buildings and equipment, net

    beginning of year $794,337 · end of year $794,337

  • 11 · Investments: publicly traded securities

    beginning of year $7,407,441 · end of year $7,921,150

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning 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 $8,213,463 · end of year $8,720,404

Mission and programs · 2024

Mission

THE MISSION OF THE REHABILITATION INSTITUTE FOUNDATION IS TO MANAGE FOUNDATION ASSETS AS A PERMANENT ENDOWMENT TO PROVIDE LONG TERM FINANCIAL SUPPORT FOR COMPREHENSIVE MEDICAL AND VOCATIONAL REHABILITATION SERVICES HISTORICALLY PROVIDED BY THE REHABILITATION INSTITUTE FOR CHILDREN AND ADULTS WITH DISABILITITES IN THE GREATER KANSAS CITY METROPOLITAN COMMUNITY.

Activities or mission (Part I)

PROVIDE LONG TERM FINANCIAL SUPPORT FOR COMPREHENSIVE MEDICAL AND VOCATIONAL SERVICES FOR CHILDREN AND ADULTS WITH DISABILITIES IN THE GREATER KANSAS CITY METROPOLITAN COMMUNITY.

  • THE PURPOSE OF THE REHABILITATION INSTITUTE FOUNDATION (THE CORPORATION) IS TO PROVIDE LONG TERM FINANCIAL SUPPORT FOR COMPREHENSIVE MEDICAL AND VOCATIONAL REHABILITATION SERVICES HISTORICALLY PROVIDED BY THE REHABILITATION INSTITUTE TO CHILDREN AND ADULTS WITH DISABILITIES IN THE GREATER KANSAS CITY METROPOLITAN COMMUNITY. THIS IS ACCOMPLISHED BY EFFECTIVELY MANAGING FOUNDATION ASSETS AS A PERMANENT ENDOWMENT. TO ACHIEVE THIS PURPOSE, THE CORPORATION NAMES THE GREATER KANSAS CITY COMMUNITY FOUNDATION AS ITS SOLE SUPPORTED ORGANIZATION.

    Expenses $222,300 · Grants $222,300

As filed on the 2024 return.

Listed in Part VII

  • Beth Hall

    DIRECTOR/VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Edward Reitzes

    DIRECTOR/VP-INVESTMENTS

    Total calculated
    $0
    Hours/week
    1

  • Howard Jones

    DIRECTOR/PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Michael Biagioli

    DIRECTOR/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Teri Salach

    DIRECTOR/SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Atul Patel MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Charles Connely

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Henry Dougherty

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kathy Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sara Baker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Shelly McVay

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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.

Related partnerships

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

  • LGZ PROPERTIES LLC

    N/A · RENTAL · KS

    Directly controlled by NA

  • BLOCKTOWER CREDIT PARTNERS OFFSHORE LP

    N/A · INSTITUTIONAL INVESTMENT FIRM · FL

    Directly controlled by NA

Related corporations and trusts

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

  • CHARITABLE REMAINDER TRUSTS (26)

    Trust · CHARITABLE TRUST · MO · controlled entity

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2024
Filed
29 April 2025
IRS schema version
2024v5.1
Source object
202501199349300820

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