Rediscover Foundation
- Assets
- $8.7m
- Revenue
- $533.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Lees Summit, MO
- Founding
- 02/1984
- Data as of
- 12/2021
- EIN
- 43-1316571
Organization Overview
Rediscover Foundation is located in Lees Summit, MO. The organization was established in 1984. According to its NTEE Classification (T31) the organization is classified as: Community 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. Rediscover 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 12/2021, Rediscover Foundation generated $533.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.1%) each year. All expenses for the organization totaled $558.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.0%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
REDISCOVER FOUNDATION'S MISSION IS TO SECURE FINANCIAL RESOURCES FOR REDISCOVER TO PROVIDE HELP, HOPE AND HEALING FOR THOSE AFFECTED BY BEHAVIORAL HEALTH DISORDERS.
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 |
|---|---|---|---|
Jennifer Craig President/director | OfficerTrustee | 3 | $0 |
Orlando Gutierrez Vice Chairman/director | OfficerTrustee | 1 | $0 |
Erika Kauffman Wheeler Secretary/treasurer/director | OfficerTrustee | 1 | $0 |
David Stackelhouse Chairman/director | OfficerTrustee | 1 | $0 |
Stewart Chase Senior Vice President | Officer | 3 | $0 |
Rob Robinson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $21,130 |
| Membership dues | $0 |
| Fundraising events | $2,797 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $129,474 |
| Noncash contributions included in lines 1a–1f | $3,300 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $153,401 |
| Total Program Service Revenue | $0 |
| Investment income | $187,393 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $200,270 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | -$7,199 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $533,865 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $433,715 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $45,147 |
| Pension plan accruals and contributions | $666 |
| Other employee benefits | $8,293 |
| Payroll taxes | $3,313 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $45,313 |
| Fees for services: Other | $10,292 |
| Advertising and promotion | $82 |
| Office expenses | $3,383 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $209 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $179 |
| Total functional expenses | $557,993 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $129,385 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $8,575,326 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,704,711 |
| Accounts payable and accrued expenses | $1,681 |
| Grants payable | $0 |
| 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 | $0 |
| Other liabilities | $79,450 |
| Total liabilities | $81,131 |
| Net assets without donor restrictions | $7,042,907 |
| Net assets with donor restrictions | $1,580,673 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,704,711 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Rediscover Foundation has recieved totaling $13,500.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $13,500 |
Endowment Analysis
| Beg. Balance | $5,394,104 |
| Earnings | $692,750 |
| Admin Expense | $30,900 |
| Other Expense | $122,318 |
| Ending Balance | $5,933,636 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Christian Community Foundation Of Memphis And The Mid-South Inc Memphis, TN | $205,748,037 | $85,831,682 |
Community Fdn Of Greater Des Moines Des Moines, IA | $756,930,676 | $144,988,273 |
Omaha Community Foundation Donor Directed Depository Omaha, NE | $49,176,399 | $38,155,808 |
Nebraska Community Foundation Lincoln, NE | $227,749,373 | $20,781,363 |
Arkansas Community Foundation Inc Little Rock, AR | $560,797,819 | $112,679,416 |
The Community Foundation Of Louisville Inc Louisville, KY | $675,486,716 | $70,628,491 |
Oklahoma City Community Foundation Inc Oklahoma City, OK | $855,000,248 | $159,496,642 |
Elks National Foundation Inc Chicago, IL | $936,472,552 | $62,047,958 |
Chattanooga Christian Community Foundation Chattanooga, TN | $107,861,272 | $37,732,736 |
Community Foundation Of Greater Chattanooga Inc Chattanooga, TN | $242,437,300 | $52,106,763 |
Lincoln Community Foundation Inc Lincoln, NE | $161,472,860 | $29,470,305 |
East Tennessee Foundation Knoxville, TN | $333,652,631 | $23,055,951 |