Lees Summit Educational Foundation Inc
- Assets
- $8.3m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Lees Summit, MO
- Founding
- 02/1993
- Data as of
- 06/2021
- EIN
- 43-1615117
Organization Overview
Lees Summit Educational Foundation Inc is located in Lees Summit, MO. The organization was established in 1993. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Lees Summit Educational Foundation Inc 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 06/2021, Lees Summit Educational Foundation Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $415.7k during the year ending 06/2021. 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
THE LEE'S SUMMIT EDUCATIONAL FOUNDATION PROMOTES EXCELLENCE IN EDUCATION BY AWARDING GIFTS, GRANTS AND SCHOLARSHIPS TO EDUCATIONAL AREAS WITHIN THE LEE'S SUMMIT R-7 SCHOOL DISTRICT THAT ARE EFFECTIVE, ESSENTIAL AND IN NEED OF ADDITIONAL FUNDING. WE DO THAT BY GENERATING AND GUIDING PHILANTHROPIC RESOURCES THROUGH PERSONAL AND CORPORATE CONTRIBUTIONS, PLANNED GIVING, AND EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PEAK GRANTS TO THE LEE'S SUMMIT R-7 SCHOOL DISTRICT ARE COMPETITIVE CLASSROOM GRANTS THAT PROMOTE EXCELLENCE AND KNOWLEDGE.
THE ORGANIZATION PROVIDED SCHOLARSHIPS TO GRADUATING SENIORS ACROSS THE LEE'S SUMMIT R-7 SCHOOL DISTRICT.
THE ORGANIZATION PROVIDED FUNDS TO THE LEE'S SUMMIT R-7 SCHOOL DISTRICT FOR TECHNOLOGY AND OTHER SPECIAL NEEDS IN THE CLASSROOMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Antey Secretary | OfficerTrustee | 1 | $0 |
Carson Graff Immed Past P | OfficerTrustee | 1 | $0 |
Rosalie Newkirk Treasurer | OfficerTrustee | 2 | $0 |
Dr Chris Troester President | OfficerTrustee | 2 | $0 |
Amy Chinnery Valmassei Vice Preside | OfficerTrustee | 1 | $0 |
Sheryl Franke Executive Di | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $47,288 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $589,190 |
| Noncash contributions included in lines 1a–1f | $47,288 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $636,478 |
| Total Program Service Revenue | $0 |
| Investment income | $116,768 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $356,674 |
| Net Income from Fundraising Events | $88,650 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,198,570 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $51,925 |
| Grants and other assistance to domestic individuals. | $58,750 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $28,898 |
| Fees for services: Legal | $50 |
| Fees for services: Accounting | $12,169 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,605 |
| Fees for services: Other | $4,290 |
| Advertising and promotion | $0 |
| Office expenses | $303 |
| Information technology | $9,890 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Total functional expenses | $415,653 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $332,362 |
| Savings and temporary cash investments | $1,045,601 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $6,936,685 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,314,798 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $48,711 |
| Deferred revenue | $36,100 |
| 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 | $111,683 |
| Total liabilities | $196,494 |
| Net assets without donor restrictions | $5,075,276 |
| Net assets with donor restrictions | $3,043,028 |
| 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 | $8,314,798 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Lees Summit Educational Foundation Inc has recieved totaling $35,451.
| Awarding Organization | Amount |
|---|---|
Reiman Foundation Inc Pewaukee, WI PURPOSE: GENERAL OPERATIONS | $25,000 |
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $9,414 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $537 |
Commerce Foundation Kansas City, MO PURPOSE: USED AT THE DISCRETION OF THE BOARD OF DIRECTORS OR TRUSTEES AS THEY SEE FIT FOR OPERATING THEIR ORGANIZATION. | $500 |
Endowment Analysis
| Beg. Balance | $3,766,485 |
| Earnings | -$43,983 |
| Admin Expense | $3,772 |
| Net Contributions | $1,156,512 |
| Ending Balance | $4,875,242 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Robert R Mccormick Foundation Chicago, IL | $1,522,880,168 | $43,489,096 |
William And Ruth Scott Family Foundation Inc Omaha, NE | $135,118,169 | $49,281,960 |
David F And Margaret T Grohne Family Foundation Western Springs, IL | $161,662,019 | $15,904,271 |
The Harry J Lloyd Charitable Trust Overland Park, KS | $0 | $292,469 |
Illinois Assistive Technology Program Springfield, IL | $10,127,419 | $6,900,669 |
Crossroads Fund Chicago, IL | $13,233,891 | $8,800,082 |
Business Technology Career Opportunities Inc Wichita, KS | $9,779,338 | $4,681,972 |
Alan Stone Family Charitable Foundation % Reed Smith LLP - Harry Rosenberg Chicago, IL | $0 | $100,169 |
Peter And Paula Fasseas Foundation Chicago, IL | $50,357,726 | $8,283,085 |
Jefferson City Parks And Recreation Foundation Jefferson City, MO | $842,423 | $291,038 |
Stephenson Family Foundation Schaumburg, IL | $89,371 | $3,480,000 |
Hope Haven Support Foundation Rock Valley, IA | $16,499,629 | $3,667,660 |