Soroptimist Welfare Fund
- Assets
- $1.0m
- Revenue
- $125.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Kansas City, MO
- Founding
- 03/1955
- Data as of
- 06/2021
- 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 06/2021, Soroptimist Welfare Fund generated $125.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $101.4k during the year ending 06/2021. While expenses have increased by 10.9% per year over the past 6 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 35 individual grants totaling $265,988. 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
2021
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 2020-2021 FISCAL YEAR, SOROPTIMIST AWARDED A TOTAL OF $62,295 IN SERVICE OBJECTIVE AWARDS.
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 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 $4,268.47.
DISCRETIONARY AWARDS - THESE AWARDS ARE MADE TO ADDRESS THE NEEDS OF THE COMMUNITY AS THEY ARISE SUCH AS NATURAL DISASTERS OR OTHER PRESSING NEEDS. IN 2020, THE FOUNDATION ESTABLISHED A ONE TIME EMERGENCY PANDEMIC RESPONSE AWARDS GRANT PROGRAM TARGETED TO PREVIOUS RECIPIENTS OF THE SERVICE OBJECTIVE AWARDS, BUT OPEN TO OTHERS AS WELL. THESE AWARDS TOTALED $15,000 DURING 2020-2021 AND SUPPORTED EIGHT ORGANIZATIONS.
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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 |
Norma Mckelvy Secretary | OfficerTrustee | 0.25 | $0 |
Melanie Simpson Treasurer | OfficerTrustee | 1 | $0 |
Bonnie Cutler Individual Trustee | Trustee | 0.25 | $0 |
Grace Boswell 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 | $1,642 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,642 |
| Total Program Service Revenue | $0 |
| Investment income | $19,836 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $104,447 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $125,925 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $81,563 |
| Grants and other assistance to domestic individuals. | $6,000 |
| 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 | $2,577 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,039 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $239 |
| 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 | $101,418 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,112 |
| 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 | $1,041,201 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,047,313 |
| 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 | $1,047,313 |
| Total liabilities and net assets/fund balances | $1,047,313 |
Grants Awarded
Over the last fiscal year, Soroptimist Welfare Fund has awarded $27,350 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Overland Park, KS PURPOSE: SAFEHOME Inc works to break the cycle of domestic violence in Johnson County. Soroptimist awarded a grant of $5,000. An additional grant of $2,500 was awarded to provide support during the COVID pandemic. | $7,500 |
Kansas City, MO PURPOSE: Shepherd's Center of Kansas City Central offers programs and services to mid-life and older adults allowing them to live healthy, engaged, and independent lives. A grant of $5,000 was awarded to provide an emergency assistance fund for women. An additional grant of $2,500 was awarded to provide aid in their increased needs during the COVID pandemic. | $7,500 |
Kansas City, MO PURPOSE: The Salvation Army - Kansas and Western Missouri Division provides housing for homeless families and single women. Soroptimists' grant of $5,000 was given to provide supportive housing for women and children. An additional grant was awarded to provide support during the COVID pandemic. | $6,500 |
Grandview, MO PURPOSE: Flourish Furnishings is the only furniture bank in Kansas City area who collect, prepare, and distribute donated furnishings and home essentials to offer a "hand up" by meeting the furnishings needs in the Kansas City's urban and suburban communities. Soroptimists' grant of $3,350 helped to provide dressers and small appliances for those in supportive housing. An additional grant of $2,500 was awarded to provide aid during the COVID pandemic. | $5,850 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rotary International Evanston, IL | $194,654,881 | $96,362,213 |
International Association Of Lions Clubs Oak Brook, IL | $209,434,392 | $68,740,162 |
East Tenn Human Resource Agency Inc Knoxville, TN | $20,466,958 | $48,339,274 |
Chinese American Service League Inc Chicago, IL | $15,835,299 | $20,315,146 |
Gateway Community Services West Liberty, KY | $5,832,121 | $17,974,926 |
On With Life Inc Ankeny, IA | $19,447,887 | $18,186,855 |
East Missouri Action Agency Inc Park Hills, MO | $6,519,330 | $14,431,185 |
Peoples Resource Center Wheaton, IL | $11,624,824 | $14,489,395 |
Sertoma Center Inc Knoxville, TN | $10,787,048 | $12,520,977 |
The Project Of The Quad Cities Moline, IL | $3,042,917 | $9,742,206 |
Hoosier Christian Village Inc St Louis, MO | $24,285,430 | $9,852,963 |
Industrial Council Of Nearwest Chicago Chicago, IL | $18,846,941 | $7,031,368 |