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Nonprofiteer
← HUMAN BENEFIT INSTITUTE

Form 990 for tax year 2024

Filed by HUMAN BENEFIT INSTITUTE.

Totals

Total revenue
$22,251,692
Total expenses
$4,257,219
Contributions and grants received
$20,000,000
Grants paid
$3,245,000
Program service revenue
$0
Investment income
$2,278,649
Other revenue
-$26,957
Total assets, end of year
$76,609,700
Total liabilities, end of year
$103,139
Net assets or fund balances, end of year
$76,506,561
Program services expenses (Part IX)
$3,245,000
Management and general expenses
$1,012,219
Fundraising expenses
$0
Program service expenses (Part III)
$3,245,000

Program services were 76.2% 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.

  • 1d · Related organizations

    $20,000,000

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $1,974,979 · excluded $1,974,979

  • 6a · Gross rents

    real property $63,118

  • 6b · Less rental expenses

    real property $90,075

  • 6c · Rental income or loss

    real property -$26,957 · personal property $0

  • 6d · Net rental income or loss

    total -$26,957 · excluded -$26,957

  • 7a · Gross sales of assets other than inventory

    other assets $400,000

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

    other assets $96,330

  • 7c · Gain or loss

    securities $0 · other assets $303,670

  • 7d · Net gain or loss

    total $303,670 · excluded $303,670

  • 8c · Net income from fundraising events

    total $0

  • 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 $3,245,000 · program services $3,245,000

  • 11b · Fees: legal

    total $34,128 · program services $0 · management and general $34,128 · fundraising $0

  • 11c · Fees: accounting

    total $3,150 · program services $0 · management and general $3,150 · fundraising $0

  • 11g · Fees: other

    total $482,668 · program services $0 · management and general $482,668 · fundraising $0

  • 13 · Office expenses

    total $2,697 · program services $0 · management and general $2,697 · fundraising $0

  • 14 · Information technology

    total $86,664 · program services $0 · management and general $86,664 · fundraising $0

  • 16 · Occupancy

    total $149,552 · program services $0 · management and general $149,552 · fundraising $0

  • 17 · Travel

    total $18,085 · program services $0 · management and general $18,085 · fundraising $0

  • 20 · Interest

    total $4,830 · program services $0 · management and general $4,830 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $47,275 · program services $0 · management and general $47,275 · fundraising $0

  • 23 · Insurance

    total $22,780 · program services $0 · management and general $22,780 · fundraising $0

  • 24a · Other expenses: EQUIPMENT EXPENSE

    total $127,776 · program services $0 · management and general $127,776 · fundraising $0

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $32,455 · program services $0 · management and general $32,455 · fundraising $0

  • 24e · All other expenses

    total $159 · program services $0 · management and general $159 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $172,152 · end of year $249,338

  • 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

    $20,923,467

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

    $105,225

  • 10c · Land, buildings and equipment, net

    beginning of year $6,618,444 · end of year $20,818,242

  • 12 · Investments: other securities

    beginning of year $51,721,492 · end of year $54,486,471

  • 13 · Investments: program-related

    beginning of year $0 · end of year $100

  • 15 · Other assets

    beginning of year $0 · end of year $1,055,549

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $100

  • 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 $103,039

  • 27 · Net assets without donor restrictions

    beginning of year $58,512,088 · end of year $76,506,561

Mission and programs · 2024

Mission

GRANTMAKING AND PROMOTION OF ARTS

Activities or mission (Part I)

Movement Musick's vision is a preferred partner and platform that removes barriers and unlocks the potential of artists. We (continued on schedule o)

  • GRANTMAKING AND PROMOTION OF ARTS

    Expenses $3,245,000 · Grants $3,245,000

As filed on the 2024 return.

Listed in Part VII

  • C Chase Koch

    DIRECTOR/PRESIDENT/SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 7 related

  • Brandon Baker

    ASSISTANT TREASURER

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Douglas L Johns

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    20 + 3 related

  • Elaine Kohler Resigned

    TREASURER

    Total calculated
    $0
    Hours/week
    0

  • Jessica Stafford

    Treasurer

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Kelly A Kenney

    Secretary

    Total calculated
    $0
    Hours/week
    20 + 2 related

  • Raffaele G Fazio

    Vice-President

    Total calculated
    $0
    Hours/week
    10 + 2 related

  • Sierra Whitmore

    Vice-President

    Total calculated
    $0
    Hours/week
    1 + 2 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.

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.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • BLUE ONE LLC

    INVESTMENTS · KS · income $0 · assets $0

    Directly controlled by MOVEMENT MUSICK INC

  • GT ENTERPRISES LLC

    INVESTMENTS · KS · income $368,235 · assets $5,994,623

    Directly controlled by BLUE ONE LLC

  • TWENTY-THREE DEVELOPMENT LLC

    Investments · KS · income $0 · assets $9,274,136

    Directly controlled by BLUE ONE LLC

  • EMPORIA INVESTMENTS LLC

    Investments · KS · income $8,200 · assets $3,648,167

    Directly controlled by BLUE ONE LLC

  • ICT FIRST PROPERTIES LLC

    Investments · KS · income $42,166 · assets $3,786,583

    Directly controlled by BLUE ONE LLC

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • STVL3 LLC

    N/A · INVESTMENTS · DE

    Directly controlled by STFEL

  • 1888 NPO FUND LLC

    N/A · INVESTMENTS · DE

    Directly controlled by NA

Related corporations and trusts

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

  • PBM CENTER INC

    C Corporation · CONSULTING · DE · controlled entity

    Directly controlled by STFEL

  • WHITE ALBUM INC

    C Corporation · HOLDING COMPANY · DE · 100% owned · share of income $0 · share of assets $100 · controlled entity

    Directly controlled by STFEL

Provenance

Return type
form_990
Tax year
2024
Filed
11 November 2025
IRS schema version
2024v5.1
Source object
202513159349301651

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