Kinder Porter Scott Family Foundation
- Assets
- $4.4m
- Revenue
- $224.0k
- Investments
- $3.3m
- Employees
- 0
- Location
- Lincoln, NE
- Founding
- 03/1971
- Data as of
- 12/2023
- EIN
- 23-7052152
Organization Overview
Kinder Porter Scott Family Foundation is located in Lincoln, NE. The organization was established in 1971. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kinder Porter Scott Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Kinder Porter Scott Family Foundation generated $224.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $181.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORKSPACE GALLERY - EXPENSES RELATED TO INSURING, RECEIVING AND RETURNING WORKS OF ART AND RELATED EXPENSES FOR A FREE SHOWING. OPEN AND ADVERTISED TO THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jean Porter Jennings President | 5 | $12,000 | |
William D Scott Vice President | 5 | $12,000 | |
Robert E Scott Treasurer | 5 | $12,000 | |
Robert Jennings Secretary | 5 | $12,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,189 |
| Dividends & Interest | $10,629 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $212,167 |
| Capital Gain Net Income | $212,167 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $223,985 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $48,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,165 |
| Depreciation | $0 |
| Occupancy | $13,518 |
| Travel, conferences, and meetings | $259 |
| Printing and publications | $0 |
| Other expenses | $13,615 |
| Total operating and administrative expenses | $102,977 |
| Contributions, gifts, grants paid | $78,500 |
| Total expenses and disbursements | $181,477 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $771,358 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $406,791 |
| Other assets | $0 |
| Total assets | $4,443,730 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Kinder Porter Scott Family Foundation has awarded $70,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
BRYAN LGH FOUNDATION PURPOSE: PLEDGE TO CANCER CENTER | $5,000 |
CHILD ADVOCACY CENTER PURPOSE: PLEDGE TO BUILDING PROGRAM | $10,000 |
GRAND ISLAND CHILDRENS MUSEUM PURPOSE: PLEDGE TO BUILDING PROGRAM | $10,000 |
LINCOLN SANTA COP PURPOSE: GENERAL SUPPORT | $5,000 |
LINCOLN COMMUNITY FOUNDATION PURPOSE: GIVE TO LINCOLN DAY | $15,000 |
MARY LANDING HOSPITAL PURPOSE: PLEDGE TO BUILDING PROGRAM | $5,000 |