Kearney Wornall Charitable Trust & Foundation
- Assets
- $8.4m
- Revenue
- $1.3m
- Investments
- $8.1m
- Employees
- 0
- Location
- Kansas City, MO
- Founding
- 03/1958
- Data as of
- 12/2023
- EIN
- 44-6013874
Organization Overview
Kearney Wornall Charitable Trust & Foundation is located in Kansas City, MO. The organization was established in 1958. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Kearney Wornall Charitable Trust & 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 12/2023, Kearney Wornall Charitable Trust & Foundation generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $949.9k during the year ending 12/2023. While expenses have increased by 1.3% per year over the past 5 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 2018, Kearney Wornall Charitable Trust & Foundation has awarded 71 individual grants totaling $3,609,719. 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $413,638 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $791,569 |
| Capital Gain Net Income | $791,569 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $45,942 |
| Total Revenue | $1,251,149 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $132,976 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $23,701 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $178 |
| Total operating and administrative expenses | $156,855 |
| Contributions, gifts, grants paid | $793,000 |
| Total expenses and disbursements | $949,855 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $344,989 |
| 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 | $0 |
| Investments—other | $8,073,237 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,418,226 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Kearney Wornall Charitable Trust & Foundation has awarded $793,000 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
STARLIGHT THEATRE ASSOCIATION OF KC PURPOSE: GENERAL | $100,000 |
DUCKS UNLIMITED PURPOSE: SUPPORT OF CHARITABLE | $150,000 |
ACE SCHOLARSHIPS PURPOSE: SUPPORT OF CHARITABLE | $25,000 |
CATHOLIC CHARITIES OF KANSAS CITY PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
MSU DENVER FOUNDATION INC PURPOSE: GENERAL OPERATING SUPPORT | $250,000 |
WORNALL MAJORS MUSEUM PURPOSE: GENERAL OPERATION SUPPORT | $20,000 |