School District Of Independence Foundation Inc
- Assets
- $4.3m
- Revenue
- $630.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Independence, MO
- Founding
- 01/1992
- Data as of
- 06/2022
- EIN
- 43-1831303
Organization Overview
School District Of Independence Foundation Inc is located in Independence, MO. The organization was established in 1992. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. School District Of Independence 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 06/2022, School District Of Independence Foundation Inc generated $630.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $401.2k during the year ending 06/2022. While expenses have increased by 2.0% per year over the past 7 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, School District Of Independence Foundation Inc has awarded 23 individual grants totaling $881,216. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO STRENGTHEN THE SCHOOLS AND COMMUNITY BY EXPANDING EDUCATIONAL OPPORTUNITIES AND COMMUNITY ENGAGEMENT, ENHANCING LEARNING ENVIRONMENTS, AND PROVIDING NEED-BASED FUNDING AND SERVICES FOR OUR STUDENTS AND FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP ADMINISTRATION - ADMINISTERED APPROXIMATELY 100 SCHOLARSHIP FUNDS. AWARDED OVER 160 SCHOLARSHIPS RANGING FROM 100 TO 5,000 TO INDEPENDENCE SCHOOL DISTRICT STUDENTS OUT OF OVER 80 SCHOLARSHIP FUNDS. AWARDED OVER 550 DUAL CREDIT SCHOLARSHIPS (HIGH SCHOOL AND COLLEGE CREDIT) TO INDEPENDENCE SCHOOL DISTRICT STUDENTS.
DISTRICT SUPPORT - PROVIDED GRANTS AND PAYMENTS TO THE INDEPENDENCE SCHOOL DISTRICT FOR PROGRAM SUPPORT INCLUDING NEW TEACHER GRANTS, CLASSROOM GRANTS, PROGRAM SUPPLIES AND ASSISTANCE TO INDIVIDUALS.
COMMUNITY OUTREACH - PROVIDED ASSISTANCE TO OVER 625 STUDENTS AND FAMILIES IN NEED INCLUDING ASSISTANCE WITH UTILITIES, TRANSPORTATION, EYEGLASSES, HOUSEHOLD AND PERSONAL CARE ITEMS,FOOD, DOCUMENT ASSISTANCE, AND HOLIDAY GIFT CARDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Knipp Ex. Dir Thru | Officer | $0 | |
Brianna Bolger Ex. Dir Star | Officer | $0 | |
Chuck Donaldson Director | Trustee | 0.5 | $0 |
Dr Cliff Mohn Director | Trustee | 0.5 | $0 |
Lynette Wages Director | Trustee | 0.5 | $0 |
Greg Finke Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $105,879 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $227,370 |
| Noncash contributions included in lines 1a–1f | $39,790 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $333,249 |
| Total Program Service Revenue | $0 |
| Investment income | $238,106 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $41,808 |
| Net Income from Fundraising Events | $17,400 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $630,563 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $33,824 |
| Grants and other assistance to domestic individuals. | $257,703 |
| 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 | $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 | $32,212 |
| Fees for services: Other | $2,240 |
| Advertising and promotion | $437 |
| Office expenses | $10,494 |
| Information technology | $3,815 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $180 |
| 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 | $1,248 |
| Insurance | $1,028 |
| All other expenses | $30,604 |
| Total functional expenses | $401,222 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $229,364 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,000 |
| 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 | $3,121 |
| Investments—publicly traded securities | $4,049,779 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,285,264 |
| Accounts payable and accrued expenses | $101,708 |
| 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 | $0 |
| Total liabilities | $101,708 |
| Net assets without donor restrictions | $1,560,704 |
| Net assets with donor restrictions | $2,622,852 |
| 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 | $4,285,264 |
Grants Awarded
Over the last fiscal year, School District Of Independence Foundation Inc has awarded $131,241 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
INDEPENDENCE SCHOOL DISTRICT PURPOSE: NEW TEACHER GRANTS | $20,000 |
INDEPENDENCE SCHOOL DISTRICT PURPOSE: CARING FOR KIDS | $36,767 |
INDEPENDENCE SCHOOL DISTRICT PURPOSE: CLASSROOM GRANTS | $9,230 |
INDEPENDENCE SCHOOL DISTRICT PURPOSE: PROGRAM SUPPLIES EXP | $65,244 |