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Nonprofiteer
← HIGHLAND KANSAS CITY FOUNDATION INC

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.

  • 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 Dondero

    PRESIDENT, DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Brenda 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 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.

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202313189349311456

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