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Nonprofiteer
← LARKSFIELD PLACE FOUNDATION INC

Form 990 for tax year 2022

Filed by LARKSFIELD PLACE FOUNDATION INC.

Totals

Total revenue
$334,331
Total expenses
$281,383
Contributions and grants received
$296,080
Grants paid
$251,158
Program service revenue
$0
Investment income
$38,251
Other revenue
$0
Total assets, end of year
$2,691,392
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,691,392
Program services expenses (Part IX)
$251,158
Management and general expenses
$0
Fundraising expenses
$30,225
Program service expenses (Part III)
$251,158

Program services were 89.3% 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

    $296,080

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $67,749 · excluded $67,749

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $458,335

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

    securities $487,833

  • 7c · Gain or loss

    securities -$29,498 · other assets $0

  • 7d · Net gain or loss

    total -$29,498 · excluded -$29,498

  • 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 $247,538 · program services $247,538

  • 2 · Grants to domestic individuals

    total $3,620 · program services $3,620

  • 11g · Fees: other

    total $20,236 · program services $0 · management and general $0 · fundraising $20,236

  • 13 · Office expenses

    total $6,698 · fundraising $6,698

  • 17 · Travel

    total $2,750 · fundraising $2,750

  • 19 · Conferences, conventions and meetings

    total $149 · fundraising $149

  • 24a · Other expenses: Miscellaneous

    total $392 · fundraising $392

  • 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 $302,685 · end of year $152,039

  • 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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $2,274,409 · end of year $2,539,353

  • 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

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $165,230 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $894,232 · end of year $787,886

  • 28 · Net assets with donor restrictions

    beginning of year $1,517,632 · end of year $1,903,506

Mission and programs · 2022

Mission

SUPPORT THE PROGRAMS OF LARKSFIELD PLACE RETIREMENT COMMUNITIES PROVIDING RESIDENTIAL AND HEALTHCARE SERVICES TO ELDERLY PERSONS IN WICHITA, KS AND SURROUNDING AREAS.

Activities or mission (Part I)

SUPPORT THE PROGRAMS OF LARKSFIELD PLACE RETIREMENT COMMUNITIES

  • THE FOUNDATION SOLICITS CONTRIBUTIONS FOR THE BENEFIT OF LARKSFIELD PLACE AND ASSISTS IN THE FINANCING OF NURSING CARE AND RETIREMENT FACILITIES OF LARKSFIELD PLACE BY PROVIDING FINANCIAL SUPPORT.

    Expenses $251,158 · Grants $251,158

As filed on the 2022 return.

Listed in Part VII

  • Jill Casado

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Brett Parise

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Chuck Clark

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Connie Dietz

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Scott Weidensaul

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Shannon Braun

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Steve Yager

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Susan Hill

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Trisha Brasted

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Vida Adamek

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michael Griffin

    TREASURER/CFO

    Total calculated
    $69,644
    From this org
    $0
    From related orgs
    $66,152
    Other
    $3,492
    Hours/week
    4 + 40 related

  • Michael Hambley

    PRESIDENT/CEO

    Total calculated
    $204,298
    From this org
    $0
    From related orgs
    $188,624
    Other
    $15,674
    Hours/week
    4 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $188,624 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $8,714 related
    Nontaxable benefits
    $0 + $6,960 related
    Filer's total
    $0 + $204,298 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 I, Line 3 Arrangement used to establish the top management official's compensation
COMPENSATION FOR THE PRESIDENT/CEO IS DETERMINED BY THE FOUNDATION'S SOLE MEMBER, LARKSFIELD PLACE RETIREMENT COMMUNITIES, INC USING THE FOLLOWING: COMPENSATION COMMITTEE INDEPENDENT COMPENSATION CONSULTANT WRITTEN EMPLOYMENT CONTRACT REVIEW COMPENSATION SURVEY/STUDY APPROVAL BY THE BOARD/COMPENSATION COMMITTEE

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
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202421359349310447

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