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Nonprofiteer
← CLEVELAND COLLEGE FOUNDATION FUND INC

Form 990 for tax year 2023

Filed by CLEVELAND COLLEGE FOUNDATION FUND INC.

Totals

Total revenue
$772,281
Total expenses
$576,350
Contributions and grants received
$121,630
Grants paid
$94,519
Program service revenue
$0
Investment income
$650,651
Other revenue
$0
Total assets, end of year
$14,112,391
Total liabilities, end of year
$391,289
Net assets or fund balances, end of year
$13,721,102
Program services expenses (Part IX)
$94,519
Management and general expenses
$79,156
Fundraising expenses
$402,675
Program service expenses (Part III)
$94,519

Program services were 16.4% 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

    $121,630

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $485,146 · excluded $485,146

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $11,465,807

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

    securities $11,300,302

  • 7c · Gain or loss

    securities $165,505 · other assets $0

  • 7d · Net gain or loss

    total $165,505 · excluded $165,505

  • 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.

  • 2 · Grants to domestic individuals

    total $94,519 · program services $94,519

  • 5 · Compensation of officers, directors and key employees

    total $173,885 · fundraising $173,885

  • 7 · Other salaries and wages

    total $57,489 · fundraising $57,489

  • 8 · Pension plan contributions

    total $1,733 · fundraising $1,733

  • 9 · Other employee benefits

    total $3,189 · fundraising $3,189

  • 10 · Payroll taxes

    total $16,962 · fundraising $16,962

  • 11a · Fees: management

    total $16,845 · fundraising $16,845

  • 11c · Fees: accounting

    total $7,434 · management and general $7,434

  • 11e · Fees: professional fundraising services

    total $118,587 · fundraising $118,587

  • 11f · Fees: investment management

    total $48,579 · management and general $48,579

  • 11g · Fees: other

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

  • 12 · Advertising and promotion

    total $212 · fundraising $212

  • 13 · Office expenses

    total $1,369 · management and general $1,369

  • 17 · Travel

    total $2,744 · fundraising $2,744

  • 19 · Conferences, conventions and meetings

    total $9,267 · fundraising $9,267

  • 22 · Depreciation, depletion and amortization

    total $5,692 · management and general $5,692

  • 23 · Insurance

    total $16,082 · management and general $16,082

  • 24a · Other expenses: MISCELLANEOUS EXPENSES

    total $1,762 · fundraising $1,762

  • 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 $186,751 · end of year $182,418

  • 4 · Accounts receivable

    beginning of year $13,157 · end of year $13,207

  • 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

    $20,628

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

    $5,692

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $14,936

  • 11 · Investments: publicly traded securities

    beginning of year $11,372,610 · end of year $12,881,485

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $931,536 · end of year $1,020,345

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $4,284

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $358,548 · end of year $387,005

  • 27 · Net assets without donor restrictions

    beginning of year $11,335,551 · end of year $12,771,692

  • 28 · Net assets with donor restrictions

    beginning of year $809,955 · end of year $949,410

Mission and programs · 2023

Mission

TO PROVIDE INVESTMENT MANAGEMENT AND SUPPORT FOR THE MISSION AND GROWTH OF CLEVELAND UNIVERSITY-KANSAS CITY.

  • TO PROVIDE INVESTMENT MANAGEMENT AND SUPPORT FOR THE MISSION AND GROWTH OF CLEVELAND UNIVERSITY-KANSAS CITY.

    Expenses $94,519 · Grants $94,519

As filed on the 2023 return.

Listed in Part VII

  • Dr Ernst Anrig DC

    Director/Treasurer

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Dr Jeffrey Spencer DC

    Director/Vice Chairman

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Timothy E Meng Dc

    DIRECTOR/CHAIR/SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Eugene Lockrow Dc

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Patrick Hammond Dc

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Ray Foxworth Dc

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jessica Ramirez

    VP, Advancement

    Total calculated
    $171,612
    From this org
    $157,759
    From related orgs
    $0
    Other
    $13,853
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,759
    Bonus
    $0
    Other
    $0
    Deferred
    $4,772
    Nontaxable benefits
    $9,081
    Filer's total
    $171,612

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 II & FORM 990, PART VII, PART I
COMPENSATION FOR JESSICA RAMIREZ IS PAID BY CLEVELAND UNIVERSITY - KANSAS CITY. CLEVELAND COLLEGE FOUNDATION FUND REIMBURSES CU-KC FOR JESSICA RAMIREZ'S 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

No itemized grants to organizations 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 corporations and trusts

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

  • CCC CONDO ASSOCIATION

    C Corporation · REAL ESTATE · KS · controlled entity

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
15 July 2025
IRS schema version
2023v6.0
Source object
202541969349302214

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