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Nonprofiteer
← NORMAN & ELAINE POLSKY FAMILY FOUNDATION

Form 990 for tax year 2023

Filed by NORMAN & ELAINE POLSKY FAMILY FOUNDATION.

Totals

Total revenue
$105,272
Total expenses
$525,579
Contributions and grants received
$0
Grants paid
$500,000
Program service revenue
$0
Investment income
$105,272
Other revenue
$0
Total assets, end of year
$1,973,028
Total liabilities, end of year
$2,000
Net assets or fund balances, end of year
$1,971,028
Program services expenses (Part IX)
$500,000
Management and general expenses
$25,579
Fundraising expenses
$0
Program service expenses (Part III)
$500,000

Program services were 95.1% 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 $41,000 · related or exempt $41,000

  • 7a · Gross sales of assets other than inventory

    securities $1,063,509

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

    securities $999,237

  • 7c · Gain or loss

    securities $64,272

  • 7d · Net gain or loss

    total $64,272 · related or exempt $64,272

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $500,000 · program services $500,000

  • 11c · Fees: accounting

    total $3,155 · management and general $3,155

  • 11f · Fees: investment management

    total $10,909 · management and general $10,909

  • 24a · Other expenses: ADMINISTRATION EXPENSE

    total $11,475 · management and general $11,475

  • 24b · Other expenses: STATE REGISTRATION

    total $40 · management and general $40

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $80,544 · end of year $49,487

  • 11 · Investments: publicly traded securities

    beginning of year $2,102,976 · end of year $1,923,541

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,000 · end of year $2,000

  • 27 · Net assets without donor restrictions

    beginning of year $2,181,520 · end of year $1,971,028

Mission and programs · 2023

Mission

THE NORMAN & ELAINE POLSKY FAMILY SUPPORTING FOUNDATION WANTS TO ASSIST THOSE 501(C)(3) ORGANIZATIONS, HAVING AN ANNUAL BUDGET UNDER $5 MILLION, WHICH WILL HELP THEMSELVES TO ESTABLISH A POLSKY ENDOWMENT THUS ENCOURAGING THEM TO ESTABLISH OTHER ENDOWMENTS. IT IS OUR BELIEF THAT WITHOUT ENDOWMENTS, THEY WILL HAVE NO FUTURE.

Activities or mission (Part I)

THE ORGANIZATION IS DESIGNED TO PROVIDE SUPPORT FOR OTHER CHARITABLE ORGANIZATIONS AS DESCRIBED IN SECTION 501(C) AND SECTION 509(A) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION IS EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, OR RELIGIOUS PURPOSES. IT SUPPORTS ACTIVITIES FOR THE BENEFIT OF, PERFORMS THE FUNCTIONS OF, OR CARRIES OUT THE PURPOSE OF, THE GREATER KANSAS CITY COMMUNITY FOUNDATION.

  • THE NORMAN & ELAINE POLSKY FAMILY SUPPORTING FOUNDATION (PFSF) PROVIDES GRANTS AND AWARDS TO OTHER 501(C)(3) CHARITABLE ORGANIZATIONS IN ORDER TO ALLOW THESE OTHER ORGANIZATIONS TO ESTABLISH PFSF ENDOWMENTS WITH THE HOPE THAT THE PFSF ENDOWMENT WILL ENCOURAGE THE FORMATION OF ADDITIONAL ENDOWMENTS WITHIN THE RECIPIENT CHARITABLE ORGANIZATION. DURING THE 2023 TAX YEAR, PFSF MADE GRANTS TOTALING $500,000 TO THREE 501(C)(3) CHARITABLE ORGANIZATIONS.

    Expenses $500,000 · Grants $500,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Larry Silver

    PRESIDENT/TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Susan McGreevy

    VICE-PRESIDENT/TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • James Rosenbloom

    TREASURER/TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Ellen Polsky

    SECRETARY/TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Mark Allison

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Mayor Peggy Dunn

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Joan Israelite

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Karen Polsky Kent

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Autumn Kent Desimone

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Milton Brod

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Julie Barry

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Jeffrey Alpert

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Steve Polsky

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Adrian Salazar

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Jennifer Salazar

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Robert Regnier

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Howard Jacobson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Scott Slabotsky

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Jackie Snyder

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Corey Ziegler

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Joseph Polsky

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Renee Polsky Silver

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Mark Oliver

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

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

Provenance

Return type
form_990
Tax year
2023
Filed
3 May 2024
IRS schema version
2023v5.0
Source object
202431299349303043

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