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Nonprofiteer
← KVC ENDOWMENT INC

Form 990 for tax year 2023

Filed by KVC ENDOWMENT INC.

Totals

Total revenue
$4,287,978
Total expenses
$7,157,017
Contributions and grants received
$2,366
Grants paid
$7,086,000
Program service revenue
$0
Investment income
$4,285,612
Other revenue
$0
Total assets, end of year
$48,666,120
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$48,666,120
Program services expenses (Part IX)
$7,086,000
Management and general expenses
$0
Fundraising expenses
$71,017
Program service expenses (Part III)
$7,086,000

Program services were 99.0% 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

    $2,366

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $1,642,508 · excluded $1,642,508

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $2,643,104

  • 7c · Gain or loss

    securities $2,643,104 · other assets $0

  • 7d · Net gain or loss

    total $2,643,104 · excluded $2,643,104

  • 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 $7,086,000 · program services $7,086,000

  • 11f · Fees: investment management

    total $71,017 · fundraising $71,017

  • 11g · Fees: other

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

  • 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 $1,200 · end of year $1,000

  • 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 $49,872,803 · end of year $48,549,230

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $111,768 · end of year $115,890

  • 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 $49,985,771 · end of year $48,666,120

Mission and programs · 2023

Mission

MANAGE AND ADMINISTER THE ENDOWMENT FUNDS AND OTHER INVESTMENT ASSETS OF GREAT CIRCLE AND TO SUPPORT GREAT CIRCLE THROUGH PERIODIC DISTRIBUTIONS TO THE OPERATIONS.

  • SUPPORT OF GREAT CIRCLE AND KVC MISSOURI.

    Expenses $7,086,000 · Grants $7,086,000

As filed on the 2023 return.

Listed in Part VII

  • ALAN RICHTER

    PRESIDENT & SECRETARY/DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN BARNES

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • TOM AYLWARD

    TREASURER/DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • B WAYNE SIMS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CLARK DAVIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DEE JOYNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JASON HOOPER

    DIRECTOR

    Total calculated
    $434,966
    From this org
    $0
    From related orgs
    $379,819
    Other
    $55,147
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $379,819 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $27,813 related
    Nontaxable benefits
    $0 + $27,334 related
    Filer's total
    $0 + $434,966 related

  • MICHAEL HURST

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • RICHARD WARD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • SHERRI LOHE

    DIRECTOR

    Total calculated
    $287,764
    From this org
    $0
    From related orgs
    $246,059
    Other
    $41,705
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $218,511 related
    Bonus
    $0 + $27,548 related
    Other
    $0
    Deferred
    $0 + $11,318 related
    Nontaxable benefits
    $0 + $30,387 related
    Filer's total
    $0 + $287,764 related

  • TED ARMSTRONG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 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 II & FORM 990, PART VII, SECTION A
THE COMPENSATION REPORTED FOR JASON HOOPER AND SHERRI LOHE WAS PAID BY KVC HEALTH SYSTEMS, INC. A RELATED TAX-EXEMPT ORGANIZATION.

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
2023
Filed
12 February 2026
IRS schema version
2023v6.0
Source object
202600429349300635

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