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← REAL ESTATE CHARITABLE FOUNDATION

Form 990 for tax year 2025

Filed by REAL ESTATE CHARITABLE FOUNDATION.

Totals

Total revenue
$293,404
Total expenses
$1,753,187
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$293,396
Investment income
$8
Other revenue
$0
Total assets, end of year
$32,664,931
Total liabilities, end of year
$588,864
Net assets or fund balances, end of year
$32,076,067
Program services expenses (Part IX)
$1,646,790
Management and general expenses
$106,397
Fundraising expenses
$0
Program service expenses (Part III)
$1,746,670

Program services were 93.9% 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.

  • 2a · Program service revenue: RENTAL INCOME

    total $293,396 · related or exempt $293,396

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $8 · excluded $8

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8c · Net income from fundraising events

    total $0

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 11a · Fees: management

    total $106,277 · management and general $106,277

  • 11f · Fees: investment management

    total $120 · management and general $120

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 20 · Interest

    total $11,177 · program services $11,177

  • 22 · Depreciation, depletion and amortization

    total $1,635,613 · program services $1,635,613

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $80 · end of year $80

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 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

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

    $53,274,379

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

    $21,562,528

  • 10c · Land, buildings and equipment, net

    beginning of year $33,347,464 · end of year $31,711,851

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $953,000 · end of year $953,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $25,951 · end of year $31,932

  • 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 $558,749 · end of year $376,938

  • 25 · Other liabilities

    beginning of year $189,534 · end of year $179,994

  • 27 · Net assets without donor restrictions

    beginning of year $33,526,310 · end of year $32,076,067

Mission and programs · 2025

Mission

THE REAL ESTATE CHARITABLE FOUNDATION WAS ESTABLISHED TO ACCEPT DONATIONS OF REAL ESTATE AND OTHER COMPLEX ASSETS TO CHARITABLE FUNDS AT THE GREATER KANSAS CITY COMMUNITY FOUNDATION AND GREATER HORIZONS.

Activities or mission (Part I)

A SUPPORTING ORGANIZATION OF THE GREATER KANSAS CITY COMMUNITY FOUNDATION AND GREATER HORIZONS, ESTABLISHED TO FACILITATE AND ACCEPT DONORS' CHARITABLE GIFTS OF REAL PROPERTY.

  • THE REAL ESTATE CHARITABLE FOUNDATION PROVIDES THE BUILDING AND INFRASTRUCTURE FOR A CHARTER SCHOOL. THE CHARTER SCHOOL PROVIDES K-12 EDUCATION TO UNDER-SERVED POPULATIONS IN THE METRO KANSAS CITY AREA.

    Expenses $1,746,670 · Revenue $293,396

  • THE REAL ESTATE CHARITABLE FOUNDATION MAKES IT EASY FOR DONORS TO MAKE CHARITABLE GIFTS OF REAL PROPERTY BY EVALUATING, MARKETING AND SELLING PROPERTY FOR CHARITABLE PURPOSES. SALE PROCEEDS ARE DEPOSITED INTO A CHARITABLE FUND AT THE GREATER KANSAS CITY COMMUNITY FOUNDATION, AND DONORS THEN GRANT THE PROCEEDS TO NONPROFIT ORGANIZATIONS.

As filed on the 2025 return.

Listed in Part VII

  • David Brain

    DIRECTOR / VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Whitney Kerr Sr

    DIRECTOR / CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Catherine M Hauber

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Harrison

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Corey Ziegler

    SECRETARY/TREASURER

    Total calculated
    $332,172
    From this org
    $0
    From related orgs
    $305,220
    Other
    $26,952
    Hours/week
    1 + 40.1 related

    Schedule J breakdown matched by us

    Base
    $0 + $259,382 related
    Bonus
    $0 + $45,224 related
    Other
    $0 + $614 related
    Deferred
    $0 + $26,000 related
    Nontaxable benefits
    $0 + $952 related
    Filer's total
    $0 + $332,172 related

  • Katie Gray

    EXECUTIVE DIRECTOR

    Total calculated
    $346,698
    From this org
    $0
    From related orgs
    $308,490
    Other
    $38,208
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $257,264 related
    Bonus
    $0 + $51,046 related
    Other
    $0 + $180 related
    Deferred
    $0 + $28,072 related
    Nontaxable benefits
    $0 + $10,136 related
    Filer's total
    $0 + $346,698 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. 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

None.

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

The filer's explanations (Part III)

SCHEDULE J, PART II RELATED ORGANIZATION COMPENSATION
THE COMPENSATION BEING REPORTED FOR KATIE GRAY AND COREY ZIEGLER IS FROM THE GREATER KANSAS CITY COMMUNITY FOUNDATION, A RELATED ORGANIZATION. THE GREATER KANSAS CITY COMMUNITY FOUNDATION USES A COMPENSATION COMMITTEE, AN INDEPENDENT COMPENSATION CONSULTANT, A COMPENSATION SURVEY OR STUDY APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE TO ESTABLISH COMPENSATION.

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

No itemized grants to organizations 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.

  • RECF II LLC

    REAL ESTATE · MO · income $0 · assets $0

    Directly controlled by RECF

  • 6301 KCMO LLC

    REAL ESTATE · MO · income $293,402 · assets $31,712,093

    Directly controlled by RECF IV LLC

  • RECF IV LLC

    REAL ESTATE · MO · income $0 · assets $0

    Directly controlled by RECF

Related partnerships

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

  • LGZ LLC

    N/A · RENTAL · KS

    Directly controlled by NA

  • BLOCKTOWER CREDIT PARTNERS OFFSHORE LP

    N/A · 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
2025
Filed
29 August 2026
IRS schema version
2025v4.2
Source object
202602419349300200

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