Finnup Foundation

Organization Overview

Finnup Foundation is located in Garden City, KS. The organization was established in 1978. 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. As of 12/2021, Finnup Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Finnup 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 12/2020, Finnup Foundation generated $1.8m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Finnup Foundation has awarded 230 individual grants totaling $5,552,662. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

WE ANNUALLY DISTRIBUTE 100% OF FUNDS IN EXCESS OF OUR TRUST PRINCIPAL TO CHARITABLE ORGANIZATIONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FINNUP FAMILY'S INTEREST IN FAMILIES, YOUTH, EDUCATION, AND CONSERVATION IS EXPRESSED THROUGH GIFTS TO MANY ORGANIZATIONS IN THE COMMUNITY. DURING 2021, THE FOUNDATION DISTRIBUTED $764,599 TO 30 CHARITABLE AND EDUCATIONAL ORGANIZATIONS IN KANSAS BASED ON DISTRIBUTABLE INCOME RESULTING FROM 2020 OPERATIONS. FOR 2022, THE FOUNDATION'S BOARD OF TRUSTEES HAS AUTHORIZED $1,277,248 IN SIMILAR DISTRIBUTIONS BASED ON THE RESULTS OF 2021 OPERATIONS.


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Board, Officers & Key Employees

Name (title)Compensation
Caverly Hart
Trustee
$129,463
Lance Woodbury
Trustee
$25,000
John Pinegar
Trustee
$25,000

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$0
Investment income $736,686
Tax Exempt Bond Proceeds $0
Royalties $201,288
Net Rental Income $298,220
Net Gain/Loss on Asset Sales $442,595
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,795,129

Grants Awarded

Over the last fiscal year, Finnup Foundation has awarded $760,399 in support to 31 organizations.

Grant RecipientAmount

CITY OF GARDEN CITY

PURPOSE: Park improvements and upkeep

$228,699

COMMUNITY CONGREGATIONAL CHURCH

PURPOSE: Scholarships and Building Fund

$80,000

WASHBURN UNIVERSITY

PURPOSE: Scholarships

$80,000

BIG BROTHERS BIG SISTERS OF FINNEY & KEARNY COUNTIES

Org PageRecipient Profile

Garden City, KS

PURPOSE: Program operating expenses

$30,000

SPIRIT OF THE PLAINS CASA

Org PageRecipient Profile

Garden City, KS

PURPOSE: Program support

$30,000

KANSAS CHILDREN'S SERVICE LEAGUE

Org PageRecipient Profile

Wichita, KS

PURPOSE: Support for nutrition, parent education, classroom supplies and equipment

$30,000
View Grant Profile

Endowment Analysis

Beg. Balance$27,386,150
Earnings$4,118,858
Admin Expense$585,921
Grants-$1,277,839
Ending Balance$29,641,248

Peer Organizations

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