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← JULIA KOCH FAMILY PHILANTHROPY FUND

Form 990 for tax year 2023

Filed by JULIA KOCH FAMILY PHILANTHROPY FUND.

Totals

Total revenue
$103,189,859
Total expenses
$91,120,493
Contributions and grants received
$101,942,742
Grants paid
$90,600,000
Program service revenue
$0
Investment income
$1,247,117
Other revenue
$0
Total assets, end of year
$64,908,409
Total liabilities, end of year
$33,000,000
Net assets or fund balances, end of year
$31,908,409
Program services expenses (Part IX)
$90,600,000
Management and general expenses
$520,493
Fundraising expenses
$0
Program service expenses (Part III)
$90,600,000

Program services were 99.4% 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

    $101,942,742

  • 3 · Investment income

    total $1,247,126 · excluded $1,247,126

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

    securities $9

  • 7c · Gain or loss

    securities -$9

  • 7d · Net gain or loss

    total -$9 · excluded -$9

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $90,600,000 · program services $90,600,000

  • 11f · Fees: investment management

    total $71 · management and general $71

  • 24a · Other expenses: UBI TAXES

    total $511,541 · management and general $511,541

  • 24b · Other expenses: K-1 EXPENSES

    total $8,881 · management and general $8,881

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $174,950 · end of year $1,445

  • 12 · Investments: other securities

    beginning of year $19,664,093 · end of year $64,814,337

  • 15 · Other assets

    beginning of year $0 · end of year $92,627

  • 18 · Grants payable

    end of year $33,000,000

  • 27 · Net assets without donor restrictions

    beginning of year $19,839,043 · end of year $31,908,409

Mission and programs · 2023

Mission

TO PROMOTE THE COMMON GOOD AND GENERAL WELFARE OF THE COMMUNITY.

Activities or mission (Part I)

GRANT-MAKING

  • GRANT-MAKING

    Expenses $90,600,000 · Grants $90,600,000

As filed on the 2023 return.

Listed in Part VII

  • JULIA F KOCH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • GREGORY W FLESHER

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 4.5 related

  • MARTIN KWEDAR

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • TERRA R ECK

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1.5 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.

Related partnerships

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

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202403189349308560

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