Soroptimist Welfare Fund
- Assets
- $813.7k
- Revenue
- $113.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Kansas City, MO
- Founding
- 03/1955
- Data as of
- 06/2022
- EIN
- 44-6011903
Organization Overview
Soroptimist Welfare Fund is located in Kansas City, MO. The organization was established in 1955. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Soroptimist Welfare Fund 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, Soroptimist Welfare Fund generated $113.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $124.0k during the year ending 06/2022. While expenses have increased by 12.5% 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, Soroptimist Welfare Fund has awarded 30 individual grants totaling $222,898. 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
THE FOUNDATION'S MISSION IS TO PROVIDE PHILANTHROPY, VOLUNTARISM, SERVICE AND GRANTMAKING IN SUPPORT OF OTHER 501(C)(3) PUBLIC CHARITIES WHICH SEEK TO IMPROVE THE LIVES OF WOMEN AND GIRLS IN GREATER KANSAS CITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVICE OBJECTIVE AWARDS - THE ORGANIZATION AWARDS GRANTS TO 501(C)(3) ORGANIZATIONS IN SUPPORT OF THE ORGANIZATION'S MISSION WHICH SEEKS TO IMPROVE THE LIVES OF WOMEN AND GIRLS IN GREATER KANSAS CITY. DURING 2021-22 FISCAL YEAR, SOROPTIMIST AWARDED A TOTAL OF $84,120 IN SERVICE OBJECTIVE AWARDS.
THE SOROPTIMIST FOUNDATION FUNDS A GRANT TO THE SOROPTIMIST INTERNATIONAL OF KANSAS CITY CLUB TO ASSIST THE CLUB IN THE FUNDRAISING SERVICES IT PROVIDES FOR THE FOUNDATION. THE AWARD TOTALED $5,236.56.
RECOGNITION PROGRAMS - EACH YEAR SOROPTIMIST PRESENTS 3 "LIVE YOUR DREAM AWARDS." THE LIVE YOUR DREAM AWARDS ASSIST WOMEN WHO PROVIDE THE PRIMARY SOURCE OF FINANCIAL SUPPORT FOR THEIR FAMILIES BY GIVING THEM THE RESOURCES THEY NEED TO IMPROVE THEIR EDUCATION, SKILLS, AND EMPLOYMENT PROSPECTS. FIVE VOLUNTEERS JUDGE AND SELECT MULTIPLE APPLICANTS BY REVIEWING THE APPLICATIONS OF EACH APPLICANT THEN CONDUCTING A FORMAL JUDGING PROCESS IN WHICH EACH WOMAN IS INTERVIEWED INDIVIDUALLY.
THE SOROPTIMIST FOUNDATION PROVIDED FUNDS TO SI HARARE FOR THEIR SODA PROJECT WHICH HELPED THEM INSTALL SOLAR PANELS BECAUSE OF THE ELECTRICITY CHALLENGES FACED IN ZIMBABWE. THE SOLAR PANELS WOULD ENABLE THE HOME TO PUMP WATER USING A SOLAR PUMP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret Smith Chair | OfficerTrustee | 1 | $0 |
Candy Routledge Vice Chair | OfficerTrustee | 0.5 | $0 |
Jane Zelazny-Belz Secretary | OfficerTrustee | 0.25 | $0 |
Marie Parker Treasurer | OfficerTrustee | 1 | $0 |
Grace Boswell Individual Trustee | Trustee | 0.25 | $0 |
Bonnie Cutler Individual Trustee | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $32,371 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,371 |
| Total Program Service Revenue | $0 |
| Investment income | $15,359 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $65,455 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $113,185 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $89,357 |
| Grants and other assistance to domestic individuals. | $10,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $10,000 |
| 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 | $2,674 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,484 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $512 |
| Information technology | $0 |
| 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 | $124,027 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,941 |
| Savings and temporary cash investments | $0 |
| 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 | $810,756 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $813,697 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $813,697 |
| Total liabilities and net assets/fund balances | $813,697 |
Grants Awarded
Over the last fiscal year, Soroptimist Welfare Fund has awarded $21,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BRIDGE LEADERSHIP ACADEMY PURPOSE: The Academy purpose is to foster forward-thinking leaders through character-based development, educational, personal, and professional discovery, and a commitment to serve the community. The grant helped support a six-week leadership/tutoring program for 30 girls. | $8,000 |
CULTIVATE KC PURPOSE: Cultivate KC grows food, farms, and community in support of a sustainable, healthy, and local food system in greater Kansas City. Soroptimist's grant helped to provide training for refugees in urban farming. | $7,000 |
SAFEHOME INC PURPOSE: Safehome, Inc. works to break the cycle of domestic violence in Johnson County. Soroptimist's grant provided food for 120 families. | $6,500 |