Debruce Foundation
- Assets
- $12.7m
- Revenue
- $4.6m
- Investments
- $12.2m
- Employees
- 0
- Location
- Kansas City, MO
- Founding
- 00/0000
- Data as of
- 12/2021
- EIN
- 43-1484142
Organization Overview
Debruce Foundation is located in Kansas City, MO. The organization was established in 0000. 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. Debruce 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, Debruce Foundation generated $4.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (8.1%) each year. All expenses for the organization totaled $4.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.1%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Debruce Foundation has awarded 88 individual grants totaling $6,277,671. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles A West Entreprenuer Special | 40 | $249,000 | |
Elissa Ashwood Programs Specialist | 40 | $238,449 | |
Leigh Anne Taylor Knight COO & Director | 40 | $220,585 | |
Robin E Smith Founding Director | 40 | $183,737 | |
Daryl A Williams Founding Director | 40 | $177,561 | |
David Frantze Secretary & Treasurer | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Zimmerman Consulting Services Llc | 12/30/21 | $57,516 |
Lents & Associates Llc | 12/30/21 | $241,705 |
Accomplishment Partners Llc | 12/30/21 | $58,312 |
Spry Digital Llc | 12/30/21 | $56,450 |
Affective Computing Company Llc | 12/30/21 | $44,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,000,000 |
| Interest on Savings | $574,376 |
| Dividends & Interest | $15,437 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,373 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $16,000 |
| Total Revenue | $4,601,440 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $2,108,454 |
| Pension plans, employee benefits | $193,099 |
| Interest | $0 |
| Taxes | $25,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $6,991 |
| Printing and publications | $2,680 |
| Other expenses | $153,474 |
| Total operating and administrative expenses | $3,758,281 |
| Contributions, gifts, grants paid | $767,825 |
| Total expenses and disbursements | $4,526,106 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $295,562 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $175,252 |
| 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 | $12,199,726 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $45,958 |
| Total assets | $12,716,498 |
| Accounts payable and accrued expenses | $8,811 |
| 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 | $8,811 |
Grants Awarded
Over the last fiscal year, Debruce Foundation has awarded $3,552,325 in support to 46 organizations.
| Grant Recipient | Amount |
|---|---|
Kansas City, MO PURPOSE: GENERAL CHARITABLE PURPOSES | $1,250,000 |
Kansas City, MO PURPOSE: GENERAL CHARITABLE PURPOSES | $500,000 |
UMKC - DIGITAL SANDBOX PURPOSE: GENERAL CHARITABLE PURPOSES | $400,000 |
KANSAS CITY ART INSTITUTE PURPOSE: GENERAL CHARITABLE PURPOSES | $250,000 |
MRIGLBOAL PURPOSE: GENERAL CHARITABLE PURPOSES | $120,000 |
UMKC FOUNDATION PURPOSE: GENERAL CHARITABLE PURPOSES | $107,423 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
Ed Uihlein Family Foundation Lake Forest, IL | $7,123,989 | $4,757,675 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
Joseph L & Sarah S Marcum Foundation Chicago, IL | $0 | $6,419,437 |
A Earl & Frances E Ziegler Foundation Norman, OK | $1,886,858 | $25,634,422 |
Kraft Heinz Company Foundation Chicago, IL | $398,764 | $8,002,636 |
State Farm Companies Foundation Bloomington, IL | $9,666,483 | $1,134 |
Bayer Fund St Louis, MO | $65,640,119 | $9,167,249 |
Marie C & Joseph C Wilson Foundation Chicago, IL | $0 | $53,412 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
Alphawood Foundation Chicago, IL | $96,386,448 | $15,256,055 |
Steans Family Foundation Chicago, IL | $0 | $20,140,801 |