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Nonprofiteer
← STANLEY H DURWOOD FOUNDATION

Form 990 for tax year 2023

Filed by STANLEY H DURWOOD FOUNDATION.

Totals

Total revenue
$1,917,849
Total expenses
$2,674,191
Contributions and grants received
$0
Grants paid
$2,075,500
Program service revenue
$0
Investment income
$1,847,876
Other revenue
$69,973
Total assets, end of year
$69,148,037
Total liabilities, end of year
$422,500
Net assets or fund balances, end of year
$68,725,537
Program services expenses (Part IX)
$2,075,500
Management and general expenses
$598,691
Fundraising expenses
$0
Program service expenses (Part III)
$2,075,500

Program services were 77.6% 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.

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $50,799 · excluded $50,799

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $10,447,874

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

    securities $8,650,797

  • 7c · Gain or loss

    securities $1,797,077 · other assets $0

  • 7d · Net gain or loss

    total $1,797,077 · excluded $1,797,077

  • 11a · Other revenue: INCOME FROM PARTNERSHIPS

    total $69,973 · related or exempt $0 · unrelated business $69,973 · excluded $0

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $69,973

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,075,500 · program services $2,075,500

  • 5 · Compensation of officers, directors and key employees

    total $113,195 · management and general $113,195

  • 7 · Other salaries and wages

    total $29,487 · management and general $29,487

  • 10 · Payroll taxes

    total $11,013 · management and general $11,013

  • 11a · Fees: management

    total $166,359 · management and general $166,359

  • 11c · Fees: accounting

    total $17,845 · management and general $17,845

  • 11f · Fees: investment management

    total $170,897 · management and general $170,897

  • 11g · Fees: other

    total $8,000 · program services $0 · management and general $8,000 · fundraising $0

  • 13 · Office expenses

    total $428 · management and general $428

  • 17 · Travel

    total $3,278 · management and general $3,278

  • 24a · Other expenses: UBIT EXPENSES

    total $66,000 · program services $0 · management and general $66,000 · fundraising $0

  • 24b · Other expenses: MEMBERSHIP DUES

    total $8,700 · program services $0 · management and general $8,700 · fundraising $0

  • 24c · Other expenses: PAYROLL SERVICE

    total $3,164 · program services $0 · management and general $3,164 · fundraising $0

  • 24d · Other expenses: MISCELLANEOUS

    total $325 · management and general $325

  • 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 $129,186 · end of year $14,104

  • 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

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,500 · end of year $10,000

  • 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

  • 12 · Investments: other securities

    beginning of year $65,587,292 · end of year $69,123,933

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 18 · Grants payable

    beginning of year $695,000 · end of year $422,500

  • 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

  • 29 · Capital stock, trust principal or current funds

    beginning of year $31,001,287 · end of year $31,001,287

  • 31 · Retained earnings, endowment or other funds

    beginning of year $34,027,691 · end of year $37,724,250

Mission and programs · 2023

Mission

TO SUPPORT THE GREATER KANSAS CITY COMMUNITY FOUNDATION AND TO PROVIDE GRANTS TO AID AND SUPPORT PUBLIC CHARITIES SERVED BY THE GREATER KANSAS CITY COMMUNITY FOUNDATION.

Activities or mission (Part I)

TO SUPPORT THE GREATER KANSAS CITY COMMUNITY FOUNDATION AND SPECIFIC PROGRAMS OPERATED, FUNDED, OR SPONSORED BY THE GREATER KANSAS CITY COMMUNITY FOUNDATION.

  • THE GREATER KANSAS CITY COMMUNITY FOUNDATION IS THE DURWOOD FOUNDATION'S SUPPORTED CHARITABLE ORGANIZATION. THE DURWOOD FOUNDATION MADE GRANTS TO GKCCF TO SUPPORT VARIOUS CHARITIES FOCUSING PRIMARILY ON INCREASING QUALITY AND ACCESSIBILITY OF EARLY CHILDHOOD EDUCATION PROGRAMS IN THE GREATER KANSAS CITY AREA IN ORDER TO PREPARE CHILDREN FOR SUCCESS IN KINDERGARTEN AND BEYOND. IN 2023, THE DURWOOD FOUNDATION PROVIDED FUNDING FOR 27 ORGANIZATIONS SERVING CHILDREN FROM BIRTH-AGE 5.

    Expenses $2,075,500 · Grants $2,075,500

As filed on the 2023 return.

Listed in Part VII

  • Charles J Egan Jr

    TRUSTEE

    Total calculated
    $113,195
    From this org
    $113,195
    From related orgs
    $0
    Other
    $0
    Hours/week
    30

  • Deanne Stedem

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Dwight Arn

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

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.

Related partnerships

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

  • LGZ PROPERTIES LLC

    RENTAL · KS

    Directly controlled by NA

  • BLOCKTOWER CREDIT PARTNERS OFFSHORE LP

    Institutional investment firm · FL

    Directly controlled by NA

Related corporations and trusts

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

  • CHARITABLE REMAINDER TRUSTS (26)

    Trust · CHARITABLE TRUST · MO · controlled entity

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202443199349308719

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