Commerce Foundation
- Assets
- $31.2m
- Revenue
- $1.3m
- Investments
- $27.1m
- Employees
- 0
- Location
- Kansas City, MO
- Founding
- 03/1954
- Data as of
- 12/2022
- EIN
- 44-6012453
Organization Overview
Commerce Foundation is located in Kansas City, MO. The organization was established in 1954. 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. Commerce 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 12/2022, Commerce Foundation generated $1.3m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $2.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Commerce Foundation has awarded 3,101 individual grants totaling $8,947,059. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles G Kim Vp/treas/dir | 0.2 | $0 | |
Charlotte L Kemper Black Vp/coo/dir | 0.2 | $0 | |
Thomas J Noack Secretary | 0.2 | $0 | |
Margaret M Rowe Assistant Secretary | 0.2 | $0 | |
John W Kemper President/dir | 0.2 | $0 | |
Kevin Barth Director | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $39,497 |
| Dividends & Interest | $604,619 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $643,965 |
| Capital Gain Net Income | $643,965 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,288,081 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $21 |
| Total operating and administrative expenses | $211,003 |
| Contributions, gifts, grants paid | $1,851,645 |
| Total expenses and disbursements | $2,062,648 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,633,908 |
| Net Accounts receivable | $0 |
| 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 | $374,913 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,407,280 |
| Total assets | $31,186,838 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $220,633 |
| 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 | $220,633 |
Grants Awarded
Over the last fiscal year, Commerce Foundation has awarded $2,110,446 in support to 736 organizations.
| Grant Recipient | Amount |
|---|---|
EASTER SEALS CENTRAL ILLINOIS (PEORIA) PURPOSE: CENTENNIAL CAMPAIGN | $5,000 |
GROW HAYS PURPOSE: USED AT THE DISCRETION OF THE BOARD OF DIRECTORS OR TRUSTEES AS THEY SEE FIT FOR OPERATING THEIR ORGANIZATION. | $2,500 |
JUNIOR ACHIEVEMENT OF CENTRAL ILLINOIS PURPOSE: USED AT THE DISCRETION OF THE BOARD OF DIRECTORS OR TRUSTEES AS THEY SEE FIT FOR OPERATING THEIR ORGANIZATION. | $5,000 |
HABITAT FOR NEIGHBORHOOD BUSINESS PURPOSE: USED AT THE DISCRETION OF THE BOARD OF DIRECTORS OR TRUSTEES AS THEY SEE FIT FOR OPERATING THEIR ORGANIZATION. | $2,500 |
LEAVENWORTH PUBLIC SCHOOLS EDUCATION FOUNDATION PURPOSE: USED AT THE DISCRETION OF THE BOARD OF DIRECTORS OR TRUSTEES AS THEY SEE FIT FOR OPERATING THEIR ORGANIZATION. | $2,500 |
LESTER E COX MEDICAL CENTER DBA COXHEALTH PURPOSE: CAPITAL CAMPAIGN | $3,000 |