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Nonprofiteer
← THE RESEARCH FOUNDATION

Form 990 for tax year 2024

Filed by THE RESEARCH FOUNDATION.

Totals

Total revenue
$7,602,573
Total expenses
$3,163,127
Contributions and grants received
$1,269,726
Grants paid
$1,791,986
Program service revenue
$0
Investment income
$6,053,426
Other revenue
$279,421
Total assets, end of year
$112,398,559
Total liabilities, end of year
$258,497
Net assets or fund balances, end of year
$112,140,062
Program services expenses (Part IX)
$2,613,240
Management and general expenses
$367,381
Fundraising expenses
$182,506
Program service expenses (Part III)
$2,613,240

Program services were 82.6% 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.

  • 1c · Fundraising events

    $201,485

  • 1e · Government grants (contributions)

    $100,354

  • 1f · All other contributions, gifts and grants

    $967,887

  • 1g · Noncash contributions included above

    $6,334

  • 3 · Investment income

    total $2,543,958 · excluded $2,543,958

  • 7a · Gross sales of assets other than inventory

    securities $13,650,966

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

    securities $10,141,498

  • 7c · Gain or loss

    securities $3,509,468

  • 7d · Net gain or loss

    total $3,509,468 · excluded $3,509,468

  • 8a · Fundraising events: gross income

    $89,145

  • 8a · Fundraising events: contributions included on line 1c

    $201,485

  • 8b · Fundraising events: direct expenses

    $89,652

  • 8c · Net income from fundraising events

    total -$507 · excluded -$507

  • 9a · Gaming: gross income

    $17,325

  • 9b · Gaming: direct expenses

    $6,524

  • 9c · Net income from gaming

    total $10,801 · excluded $10,801

  • 11a · Other revenue: MANAGEMENT FEES

    total $268,926 · related or exempt $268,926

  • 11d · All other revenue

    total $201 · excluded $201

  • 11e · Other revenue, total

    $269,127

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,227,746 · program services $1,227,746

  • 2 · Grants to domestic individuals

    total $564,240 · program services $564,240

  • 5 · Compensation of officers, directors and key employees

    total $325,288 · program services $260,230 · management and general $32,529 · fundraising $32,529

  • 7 · Other salaries and wages

    total $577,702 · program services $342,522 · management and general $145,312 · fundraising $89,868

  • 8 · Pension plan contributions

    total $57,488 · program services $35,563 · management and general $13,371 · fundraising $8,554

  • 9 · Other employee benefits

    total $68,204 · program services $44,348 · management and general $10,504 · fundraising $13,352

  • 10 · Payroll taxes

    total $55,941 · program services $35,554 · management and general $12,437 · fundraising $7,950

  • 11b · Fees: legal

    total $9,197 · program services $5,830 · management and general $1,839 · fundraising $1,528

  • 11c · Fees: accounting

    total $15,993 · program services $11,995 · management and general $2,079 · fundraising $1,919

  • 11f · Fees: investment management

    total $136,989 · management and general $136,989

  • 11g · Fees: other

    total $3,765 · program services $151 · management and general $3,614

  • 12 · Advertising and promotion

    total $16,903 · program services $591 · management and general $1,348 · fundraising $14,964

  • 13 · Office expenses

    total $18,915 · program services $8,448 · management and general $2,936 · fundraising $7,531

  • 14 · Information technology

    total $22,882 · program services $19,179 · management and general $1,976 · fundraising $1,727

  • 17 · Travel

    total $2,061 · program services $1,639 · management and general $181 · fundraising $241

  • 19 · Conferences, conventions and meetings

    total $46,253 · program services $46,253

  • 22 · Depreciation, depletion and amortization

    total $9,605 · program services $6,369 · management and general $1,463 · fundraising $1,773

  • 23 · Insurance

    total $3,955 · program services $2,582 · management and general $803 · fundraising $570

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $106,302 · end of year $221,952

  • 2 · Savings and temporary cash investments

    end of year $256,940

  • 3 · Pledges and grants receivable

    end of year $300,000

  • 4 · Accounts receivable

    beginning of year $18,300 · end of year $31,751

  • 9 · Prepaid expenses and deferred charges

    beginning of year $16,426 · end of year $23,491

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

    $215,769

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

    $205,192

  • 10c · Land, buildings and equipment, net

    beginning of year $17,906 · end of year $10,577

  • 11 · Investments: publicly traded securities

    beginning of year $100,839,537 · end of year $111,426,777

  • 12 · Investments: other securities

    beginning of year $81,974 · end of year $127,071

  • 17 · Accounts payable and accrued expenses

    beginning of year $222,508 · end of year $258,497

  • 27 · Net assets without donor restrictions

    beginning of year $84,141,176 · end of year $94,170,614

  • 28 · Net assets with donor restrictions

    beginning of year $16,716,761 · end of year $17,969,448

Mission and programs · 2024

Mission

THE RESEARCH FOUNDATION INVESTS IN HEALTH-CENTERED PROGRAMS AND PARTNERSHIPS THAT BENEFIT HEALTH CARE STUDENTS AND PROFESSIONALS, PATIENTS, AND PEOPLE IN THE KANSAS CITY COMMUNITY.

Activities or mission (Part I)

HEALTH PROGRAMS THAT BENEFIT STUDENTS, PROFESSIONALS, PATIENTS, AND PEOPLE IN THE KC COMMUNITY.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $1,418,140 · Grants $596,886 · Revenue $268,926

  • COMMUNITY GRANTS PROGRAM:THE RESEARCH FOUNDATION CONTINUED ITS COMMUNITY GRANTS PROGRAM THAT ALLOWED NON-PROFIT ORGANIZATIONS TO APPLY FOR GRANT SUPPORT. THE RESEARCH FOUNDATION FOCUSED ITS GRANTS ON ORGANIZATIONS WITH HEALTH-CENTERED MISSIONS THAT PRIMARILY SERVE RESIDENTS IN JACKSON COUNTY, MISSOURI, PRIORITIZING URBAN KANSAS CITY. THE GRANTS SUPPORTED PROGRAMS THAT EXPAND ACCESS TO CARE, PROMOTE HEALTH EQUITY, AND ENGAGE STUDENTS IN HEALTH CARE CAREERS. A TOTAL OF 32 AGENCIES WERE SELECTED FOR $1,195,100 IN GRANTS.

    Expenses $1,195,100 · Grants $1,195,100

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Joel P McKinsey MD

    CHAIR

    Total calculated
    $0
    Hours/week
    3
  • Brenda J Lofton MD

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    3
  • Megan L Garcia MD

    SECRETARY

    Total calculated
    $0
    Hours/week
    3
  • Todd H Bartels

    TREASURER

    Total calculated
    $0
    Hours/week
    3
  • John Paul Armilio MD

    DIRECTOR (TERM START 5/22/24)

    Total calculated
    $0
    Hours/week
    2
  • Valerie E Chow MD

    DIRECTOR (TERM END 8/14/24)

    Total calculated
    $0
    Hours/week
    2
  • Michael J Connor MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Francis Dailey MD

    DIRECTOR (TERM START 8/28/24)

    Total calculated
    $0
    Hours/week
    2
  • Jason W Eppler MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • R Joseph Groebl

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Cynthia Johnson RN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Lucia E Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Andrew C Lueder MD

    DIRECTOR (TERM START 5/22/24)

    Total calculated
    $0
    Hours/week
    2
  • Mark A Martinez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Megan A Melott RN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Alex B Miller

    DIRECTOR (TERM START 5/22/24)

    Total calculated
    $0
    Hours/week
    2
  • Julie A Nauser PhD

    DIRECTOR (TERM END 5/22/24)

    Total calculated
    $0
    Hours/week
    2
  • Jessica R Peel

    DIRECTOR (TERM END 3/14/24)

    Total calculated
    $0
    Hours/week
    2
  • William J Peterson MD

    DIRECTOR (TERM END 5/22/24)

    Total calculated
    $0
    Hours/week
    2
  • Michael W Popp

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • C David Rios MD

    DIRECTOR (TERM START 8/28/24)

    Total calculated
    $0
    Hours/week
    2
  • Thomas P Ross

    DIRECTOR (TERM START 2/28/24)

    Total calculated
    $0
    Hours/week
    2
  • Steven J Schafer

    DIRECTOR (TERM END 5/22/24)

    Total calculated
    $0
    Hours/week
    2
  • Anne K Sly MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Tylaine A Solomon RN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Cynthia A Randazzo

    PRESIDENT & CEO

    Total calculated
    $325,288
    From this org
    $273,443
    From related orgs
    $0
    Other
    $51,845
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $273,443
    Bonus
    $0
    Other
    $0
    Deferred
    $11,262
    Nontaxable benefits
    $40,583
    Filer's total
    $325,288
  • Rose Simone

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $165,988
    From this org
    $120,270
    From related orgs
    $0
    Other
    $45,718
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $120,270
    Bonus
    $0
    Other
    $0
    Deferred
    $5,135
    Nontaxable benefits
    $40,583
    Filer's total
    $165,988

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
6 November 2025
IRS schema version
2024v5.2
Source object
202503149349301600

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