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Nonprofiteer
← THE IRVEN E AND NEVADA P LINSCOMB FOUNDATION

Form 990 for tax year 2022

Filed by THE IRVEN E AND NEVADA P LINSCOMB FOUNDATION.

Totals

Total revenue
$1,765,372
Total expenses
$1,429,900
Contributions and grants received
$0
Grants paid
$1,224,777
Program service revenue
$0
Investment income
$1,033,666
Other revenue
$731,706
Total assets, end of year
$27,353,458
Total liabilities, end of year
$96,613
Net assets or fund balances, end of year
$27,256,845
Program services expenses (Part IX)
$1,270,027
Management and general expenses
$159,873
Fundraising expenses
$0
Program service expenses (Part III)
$1,270,027

Program services were 88.8% 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 $421,196 · excluded $421,196

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $1,048,133

  • 6b · Less rental expenses

    real property $316,427

  • 6c · Rental income or loss

    real property $731,706 · personal property $0

  • 6d · Net rental income or loss

    total $731,706 · excluded $731,706

  • 7a · Gross sales of assets other than inventory

    securities $2,834,634 · other assets $0

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

    securities $2,222,164 · other assets $0

  • 7c · Gain or loss

    securities $612,470 · other assets $0

  • 7d · Net gain or loss

    total $612,470 · unrelated business $0 · excluded $612,470

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,224,777 · program services $1,224,777

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $71,826 · program services $45,250 · management and general $26,576

  • 11b · Fees: legal

    total $111 · management and general $111

  • 11c · Fees: accounting

    total $3,860 · management and general $3,860

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $100,922 · management and general $100,922

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $650 · management and general $650

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $8,230 · management and general $8,230

  • 24a · Other expenses: SURVEY

    total $12,153 · management and general $12,153

  • 24b · Other expenses: FOREIGN TAXES

    total $7,371 · management and general $7,371

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $848,875 · end of year $975,535

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $1,532 · end of year $1,000

  • 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

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $3,322

  • 10a · Land, buildings and equipment: cost or other basis

    $6,552,096

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

    $714,219

  • 10c · Land, buildings and equipment, net

    beginning of year $5,873,455 · end of year $5,837,877

  • 11 · Investments: publicly traded securities

    beginning of year $21,998,955 · end of year $18,001,580

  • 12 · Investments: other securities

    beginning of year $2,081,652 · end of year $2,418,648

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $116,522 · end of year $115,496

  • 17 · Accounts payable and accrued expenses

    beginning of year $39,026 · end of year $53,227

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $43,386 · end of year $43,386

  • 27 · Net assets without donor restrictions

    beginning of year $30,838,579 · end of year $27,256,845

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

SEE SCHEDULE O

Activities or mission (Part I)

THE MISSION OF THE LINSCOMB FOUNDATION IS TO SUPPORT THE LIVES OF CHILDREN (DEFINED AS AGES BIRTH TO 18) WHO THROUGH NO FAULT OF THEIR OWN CANNOT HELP THEMSELVES.

  • THE IRVEN E AND NEVADA P LINSCOMB FOUNDATION PROVIDED SUPPORT TO THE GREATER KANSAS CITY COMMUNITY FOUNDATION FOR ITS SUPPORT OF ORGANIZATIONS SERVING CHILDREN IN CLAY AND PLATTE COUNTIES IN MISSOURI.

    Expenses $1,270,027 · Grants $1,224,777

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Bruce Cramer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gwen Royle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Albert W Zimmer III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Anita Gorman

    DIRECTOR/VP/ASST SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • David J Zimmer

    DIRECTOR/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • David P Miles

    DIRECTOR/PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Jerome E Brant

    DIRECTOR/VP/SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Joe James

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Julianna A Zimmer

    DIRECTOR/VP/ASST SEC & Treasur

    Total calculated
    $0
    Hours/week
    1

  • Rosemary Salerno

    DIRECTOR

    Total calculated
    $0
    Hours/week
    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

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.

  • NL PROPERTIES

    REAL ESTATE · MO · income $1,055,552 · assets $8,849,770

    Directly controlled by Linscomb FDN

Related partnerships

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

  • LGZ PROPERTIES LLC

    EXCLUDED FROM TAX · RENTAL · KS · 64% owned · share of income $41,340 · share of assets $435,194

    Directly controlled by NL Properties

Related corporations and trusts

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

  • CHARITABLE REMAINDER TRUSTS (29)

    CHARITABLE TRUST · MO · controlled entity

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2023
IRS schema version
2022v5.0
Source object
202322929349300232

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