Form 990 for tax year 2022
Filed by HIGHLAND KANSAS CITY FOUNDATION INC.
Totals
- Total revenue
- $49,179,173
- Total expenses
- $199,947
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $49,179,173
- Other revenue
- $0
- Total assets, end of year
- $90,571,100
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $90,571,100
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $199,947
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 0.0% 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.
-
3 · Investment income
total $49,179,173 · excluded $49,179,173
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $191,750 · management and general $191,750
-
11c · Fees: accounting
total $8,197 · management and general $8,197
Balance sheet
Part X, book values.
-
12 · Investments: other securities
beginning of year $79,734,319 · end of year $90,571,100
-
27 · Net assets without donor restrictions
beginning of year $79,734,319 · end of year $90,571,100
Mission and programs · 2022
Mission
NONE - SEE 4A BELOW
Activities or mission (Part I)
TO SUPPORT AND BENEFIT THE GREATER KANSAS CITY COMMUNITY FOUNDATION, A MISSOURI NONPROFIT CORPORATION.
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THE HIGHLAND KANSAS CITY FOUNDATION IS ORGANIZED AND OPERATED EXCLUSIVELY AS A SUPPORTING ORGANIZATION WITHIN THE MEANING OF SECTION 509(A)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE"), TO SUPPORT AND BENEFIT THE GREATER KANSAS CITY COMMUNITY FOUNDATION ("GKCCF"), A MISSOURI NONPROFIT CORPORATION. GKCCF IS EXEMPT FROM FEDERAL INCOME TAXATION UNDER SECTION 501(A) OF THE CODE AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE CODE AND A PUBLIC CHARITY DESCRIBED IN SECTION 509(A)(1) OF THE CODE.THE ORGANIZATION RECEIVED ITS FUNDING AS ONE OF THREE CHARITABLE REMAINDER BENEFICIARIES OF A CHARITABLE REMAINDER TRUST CREATED BY JAMES DONDERO, WHICH TERMINATED ON NOVEMBER 30, 2011. THE CHARITABLE PURPOSES OF THE ORGANIZATION'S SUPPORTED ORGANIZATION ARE TO IMPROVE THE QUALITY OF LIFE IN THE GREATER KANSAS CITY COMMUNITY BY INCREASING CHARITABLE GIVING, CONNECTING DONORS TO THE NEEDS OF THE COMMUNITY THEY CARE ABOUT, AND PROVIDING LEADERSHIP ON CRITICAL COMMUNITY ISSUES. IN 2022, GKCCF PAID OUT $444,472,584 IN GRANTS TO CHARITABLE ORGANIZATIONS, THE GREAT MAJORITY OF WHICH ARE IN THE GREATER KANSAS CITY REGION AND INCLUDE THE CHARITABLE SECTORS OF ARTS AND CULTURE, EDUCATION, HEALTH, MEDICINE AND SCIENCE, HUMAN SERVICES, AND PHILANTHROPY. THE ORGANIZATION WILL SUPPORT AND BENEFIT GKCCF BY MAKING GRANTS DIRECTLY TO GKCCF IN SUPPORT OF ITS CHARITABLE PURPOSES. IN ADDITION, UPON THE DIRECTION AND ON BEHALF OF GKCCF, THE ORGANIZATION MAY MAKE GRANTS TO SUCH OTHER PUBLIC CHARITIES THAT GKCCF WISHES TO BENEFIT IN FURTHERANCE OF GKCCF'S EXEMPT PURPOSES. THE TOTAL ANNUAL GRANTS FROM THE ORGANIZATION TO OR ON BEHALF OF GKCCF ARE EXPECTED TO AVERAGE APPROXIMATELY $475,000 PER YEAR.
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
James DonderoJAMES DONDERO
PRESIDENT, DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brenda ChumleyBRENDA CHUMLEY
DIRECTOR
- Total calculated
- $256,533
- From this org
- $0
- From related orgs
- $224,567
- Other
- $31,966
- Hours/week
- 0.5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $184,051 related
- Bonus
- $0 + $40,000 related
- Other
- $0 + $516 related
- Deferred
- $0 + $18,855 related
- Nontaxable benefits
- $0 + $13,111 related
- Filer's total
- $0 + $256,533 related
-
Deborah L WilkersonDEBORAH L WILKERSON
DIRECTOR
- Total calculated
- $507,311
- From this org
- $0
- From related orgs
- $453,996
- Other
- $53,315
- Hours/week
- 2 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $353,480 related
- Bonus
- $0 + $100,000 related
- Other
- $0 + $516 related
- Deferred
- $0 + $30,500 related
- Nontaxable benefits
- $0 + $22,815 related
- Filer's total
- $0 + $507,311 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
- 3 · Compensation survey or study
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
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.
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GREATER KANSAS CITY COMMUNITY FOUNDATION
501(C)(3) · COMMUNITY FOUNDATION · MO
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202313189349311456
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