Umkc Foundation
- Assets
- $70.7m
- Revenue
- $43.2m
- Investments
- $11.4m
- Employees
- 23
- Location
- Kansas City, MO
- Founding
- 12/2007
- Data as of
- 06/2020
- EIN
- 26-0840496
Organization Overview
Umkc Foundation is located in Kansas City, MO. The organization was established in 2007. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2021, Umkc Foundation employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Umkc 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 06/2020, Umkc Foundation generated $43.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 37.0% each year . All expenses for the organization totaled $18.3m during the year ending 06/2020. While expenses have increased by 28.4% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
UMKC FOUNDATION'S SOLE PURPOSE IS TO BENEFIT THE UNIVERSITY OF MISSOURI - KANSAS CITY (UMKC) BY SUPPORTING (THROUGH FUNDS RAISED, HELD AND ADMINISTERED BY THE (SEE SCHEDULE O)
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Baronio President | Officer | 40 | $255,867 |
Jennifer Ingraham Assistant Vice President | 40 | $153,341 | |
Jay Wilson Assistant Vice President | 40 | $144,748 | |
Hilary Peknik Director Of Major Gifts | 40 | $100,488 | |
Thomas M Bloch Past Chair | OfficerTrustee | 2 | $0 |
Kent W Sunderland Chair | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,926,114 |
| Investment income | $1,006,692 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $482,701 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $43,162,989 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $97,343 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $369,248 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,330,606 |
| Pension plan accruals and contributions | $54,158 |
| Other employee benefits | $145,970 |
| Payroll taxes | $89,162 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $112,492 |
| Fees for services: Accounting | $66,493 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $254,190 |
| Fees for services: Investment Management | $135,002 |
| Fees for services: Other | $13,040 |
| Advertising and promotion | $48,601 |
| Office expenses | $112,542 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $32,397 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,920 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,520 |
| All other expenses | $0 |
| Total functional expenses | $18,300,165 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,416,125 |
| Savings and temporary cash investments | $224,312 |
| Pledges and grants receivable | $19,150,848 |
| Accounts receivable, net | $1,348,150 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $22,400 |
| Investments—publicly traded securities | $35,146,975 |
| Investments—other securities | $11,361,634 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,600 |
| Total assets | $70,681,044 |
| Accounts payable and accrued expenses | $1,251,863 |
| Grants payable | $319,714 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $267,600 |
| Other liabilities | $0 |
| Total liabilities | $1,839,177 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $68,841,867 |
Grants Awarded
Over the last fiscal year, Umkc Foundation has awarded $32,056,173 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF MISSOURI - KANSAS CITY PURPOSE: FUNDING FOR ENDOWED SCHOLARSHIPS/CHAIRS/PROGR FELLOWS AND SCHOLARS PROGRAM. | $31,862,606 |
Kansas City, MO PURPOSE: MAINTENANCE AND OPERATING OF SCHOLARS' CENTER | $193,567 |
Grants Recieved
Over the last fiscal year, we have identified 41 grants that Umkc Foundation has recieved totaling $4,767,999.
| Awarding Organization | Amount |
|---|---|
Sherman Family Foundation Mission Woods, KS PURPOSE: TO SUPPORT URBAN EDUCATION. | $1,100,000 |
Illig Family Foundation Leawood, KS PURPOSE: SCHOOL OF COMPUTING AND | $900,144 |
Sherman Family Foundation Mission Woods, KS PURPOSE: TO SUPPORT URBAN EDUCATION. | $555,000 |
Marion And Henry Bloch Family Foundation Kansas City, MO PURPOSE: QVIC RESEARCH TEAMS (1 OF 2 PMTS) | $300,000 |
Marion And Henry Bloch Family Foundation Kansas City, MO PURPOSE: ROOSTRONG STUDENT SUCCESS MODEL AWARDED SCHOLARSHIPS THROUGH THE HENRY W. BLOCH SCHOLARS PROGRAM EXPANSION AND THE MARION H. BLOCH SCHOLARS PROGRAM FROM 2019 TO 2028. | $300,000 |
Marion And Henry Bloch Family Foundation Kansas City, MO PURPOSE: COMMUNITY GRANT | $300,000 |
Endowment Analysis
| Beg. Balance | $45,922,719 |
| Earnings | $8,466,673 |
| Admin Expense | $585,194 |
| Net Contributions | $2,936,321 |
| Other Expense | $6,247 |
| Grants | $1,805,015 |
| Ending Balance | $54,929,257 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Memphis Foundation Memphis, TN | $175,396,802 | $38,710,840 |
University Of Arkansas Fayetteville Campus Foundation Inc Fayetteville, AR | $748,157,500 | $15,686,060 |
Missouri State University Foundation Springfield, MO | $193,009,225 | $33,993,322 |
Wku Student Life Foundation Inc Bowling Green, KY | $178,491,745 | $30,600,200 |
Razorback Foundation Inc Fayetteville, AR | $72,537,377 | $26,130,749 |
Umkc Foundation Kansas City, MO | $70,681,044 | $43,162,989 |
University Of Northern Iowa Foundation Cedar Falls, IA | $173,378,893 | $31,725,389 |
Illinois State University Foundation Normal, IL | $269,993,016 | $34,747,700 |
National Assistance Foundation Des Moines, IA | $16,519,301 | $16,875,706 |
Southern Illinois University Foundation Carbondale, IL | $260,208,288 | $31,565,742 |
St Louis Charter Schools St Louis, MO | $19,224,709 | $16,300,473 |
Mose And Garrison Siskin Memorial Foundation Inc Chattanooga, TN | $53,806,754 | $11,101,792 |