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Nonprofiteer
← GREATER ST LOUIS INC FOUNDATION

Form 990 for tax year 2024

Filed by GREATER ST LOUIS INC FOUNDATION.

Totals

Total revenue
$9,218,922
Total expenses
$7,177,354
Contributions and grants received
$8,173,285
Grants paid
$7,166,132
Program service revenue
$501,500
Investment income
$544,137
Other revenue
$0
Total assets, end of year
$16,061,435
Total liabilities, end of year
$1,434,646
Net assets or fund balances, end of year
$14,626,789
Program services expenses (Part IX)
$7,166,132
Management and general expenses
$11,222
Fundraising expenses
$0
Program service expenses (Part III)
$7,166,132

Program services were 99.8% 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

    $8,173,285

  • 2a · Program service revenue: TUITION - FELLOWS

    total $501,500 · related or exempt $501,500

  • 3 · Investment income

    total $544,137 · excluded $544,137

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $7,166,132 · program services $7,166,132

  • 11g · Fees: other

    total $11,222 · management and general $11,222

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,559,776 · end of year $9,917,469

  • 2 · Savings and temporary cash investments

    beginning of year $6,000,000 · end of year $6,094,983

  • 7 · Other notes and loans receivable

    beginning of year $48,983 · end of year $48,983

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,667,668 · end of year $1,220,000

  • 25 · Other liabilities

    beginning of year $355,870 · end of year $214,646

  • 27 · Net assets without donor restrictions

    beginning of year $9,834,442 · end of year $13,436,451

  • 28 · Net assets with donor restrictions

    beginning of year $2,750,779 · end of year $1,190,338

Mission and programs · 2024

Mission

THE CORPORATION IS ORGANIZED AND SHALL AT ALL TIMES BE OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSE OF, WITHIN THE MEANING OF CODE SECTION 509(A)(3), GREATER ST. LOUIS, INC. (THE "SUPPORTED ORGANIZATION"); PROVIDED, HOWEVER, THAT THE SUPPORTED ORGANIZATION REMAINS RECOGNIZED AND DESCRIBED IN SECTION 509(A)(2), IF IT WERE AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3).

  • GREATER ST. LOUIS, INC. FOUNDATION IS A TYPE 1 SUPPORTING ENTITY TO GREATER ST. LOUIS, INC. GREATER ST. LOUIS, INC. FOUNDATION PROVIDES FUNDING FOR ELIGIBLE PROGRAMS AND ACTIVITIES CARRIED OUT BY GREATER ST. LOUIS, INC., SUCH AS THE FELLOWS EXPERIENCE, PROMOTING THE REGION'S GLOBAL COMPETITIVENESS, AND ENHANCING THE VIBRANCY AND SAFETY OF DOWNTOWN ST. LOUIS. THE SUPPORTED ORGANIZATION, GREATER ST. LOUIS, INC., CARRIED OUT MULTIPLE INITIATIVES IN 2024 IN FURTHERANCE OF ELIGIBLE ACTIVITIES. INCLUDING: GRADUATING 100+ RISING EXECUTIVES FROM THE FELLOWS EXPERIENCE; SCALING UP THE SUPPLYSTL INITIATIVE TO SUPPORT THE GROWTH OF DIVERSE-OWNED BUSINESSES; MARKETING AND PROMOTING THE ECONOMIC VIBRANCY OF DOWNTOWN ST. LOUIS; AND CONDUCTING STREET FESTIVALS AND ACTIVITIES IN DOWNTOWN.

    Expenses $7,166,132 · Grants $7,166,132 · Revenue $501,500

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jason Hall

    SECRETARY

    Total calculated
    $541,848
    From this org
    $0
    From related orgs
    $511,079
    Other
    $30,769
    Hours/week
    0.5 + 41.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $450,000 related
    Bonus
    $0 + $45,000 related
    Other
    $0 + $16,079 related
    Deferred
    $0 + $17,250 related
    Nontaxable benefits
    $0 + $13,519 related
    Filer's total
    $0 + $541,848 related

  • Don Lents

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5

  • Thomas Minogue

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Valerie Patton

    PRESIDENT

    Total calculated
    $205,250
    From this org
    $0
    From related orgs
    $182,576
    Other
    $22,674
    Hours/week
    0.5 + 40.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $166,395 related
    Bonus
    $0 + $16,181 related
    Other
    $0
    Deferred
    $0 + $9,129 related
    Nontaxable benefits
    $0 + $13,545 related
    Filer's total
    $0 + $205,250 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J PART 1, LINE 3
GREATER ST. LOUIS, INC. ("GSL") DETERMINES THE COMPENSATION FOR EXECUTIVES OF GSL AND ITS AFFILIATES BY CONSIDERING JOB DESCRIPTIONS, PROFESSIONAL HISTORY, EDUCATIONAL ATTAINMENT, ORGANIZATION BUDGET, AND COMPARABLE COMPENSATION DATA FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED PEER ORGANIZATIONS. ALL EXECUTIVE COMPENSATION IS SUBJECT TO REVIEW AND APPROVAL BY GSL'S BOARD OF DIRECTORS OR THE AFFILIATED ORGANIZATION'S GOVERNING BODY (OR DELEGATED PERSON OR COMMITTEE), IN CONSULTATION WITH OUTSIDE PROFESSIONAL ADVISORS. NO EXECUTIVE WAS INVOLVED IN APPROVING HIS OR HER OWN COMPENSATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202533179349307283

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