Insurance Management Associates Foundation
- Assets
- $7.4m
- Revenue
- $1.8m
- Investments
- $7.1m
- Employees
- 0
- Location
- Wichita, KS
- Founding
- 03/1975
- Data as of
- 12/2022
- EIN
- 23-7432160
Organization Overview
Insurance Management Associates Foundation is located in Wichita, KS. The organization was established in 1975. 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. Insurance Management Associates 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 12/2022, Insurance Management Associates Foundation generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 30.5% each year . All expenses for the organization totaled $1.4m during the year ending 12/2022. While expenses have increased by 27.6% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Insurance Management Associates Foundation has awarded 723 individual grants totaling $1,943,826. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kyle Orndorff Trustee | 1 | $0 | |
J Todd Chanon Trustee | 1 | $0 | |
Laurie Hoag Winkler Board Chair | 1 | $0 | |
Robert Cohen Trustee | 1 | $0 | |
Amy Venturi Trustee | 1 | $0 | |
Jeana Hutchings Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,164,164 |
| Interest on Savings | $47 |
| Dividends & Interest | $184,663 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $348,695 |
| Capital Gain Net Income | $348,695 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $107,281 |
| Total Revenue | $1,804,850 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,831 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $74 |
| Printing and publications | $11,818 |
| Other expenses | $105,340 |
| Total operating and administrative expenses | $200,736 |
| Contributions, gifts, grants paid | $1,157,697 |
| Total expenses and disbursements | $1,358,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,327 |
| Savings and temporary cash investments | $236,994 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $7,445,297 |
| 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, Insurance Management Associates Foundation has awarded $1,157,697 in support to 462 organizations.
| Grant Recipient | Amount |
|---|---|
2XTREME FOUNDATION INC PURPOSE: PROGRAM SERVICES | $1,000 |
A PRECIOUS CHILD PURPOSE: PROGRAM SERVICES | $5,000 |
ABILITYFIRST PURPOSE: PROGRAM SERVICES | $5,100 |
ALASKA EATING DISORDERS ALLIANCE PURPOSE: PROGRAM SERVICES | $1,000 |
ALASKA RESOURCE EDUCATION PURPOSE: PROGRAM SERVICES | $590 |
AIDS SERVICE FOUNDATION OF GREATER KANSAS CITY PURPOSE: PROGRAM SERVICES | $355 |