Wichita Foundation
- Assets
- $95.6m
- Revenue
- $13.1m
- Investments
- $236.1k
- Employees
- 10
- Location
- Wichita, KS
- Founding
- 10/1986
- Data as of
- 06/2022
- EIN
- 48-1022361
Organization Overview
Wichita Foundation is located in Wichita, KS. The organization was established in 1986. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Wichita Foundation employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wichita 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 06/2022, Wichita Foundation generated $13.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $7.2m during the year ending 06/2022. While expenses have increased by 3.6% 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, Wichita Foundation has awarded 1,093 individual grants totaling $38,810,025. 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
TO RECEIVE AND ACCEPT PROPERTY TO BE ADMINISTERED EXCLUSIVELY FOR CHARITABLE PURPOSES, PRIMARILY IN, OR FOR THE BENEFIT OF, THE COMMUNITY OF WICHITA, KANSAS AND SOUTHCENTRAL KANSAS AND TO DISTRIBUTE PROPERTY TO QUALIFIED CHARITABLE ORGANIZATIONS OR FOR CHARITABLE PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COMMUNITY FOUNDATION IS A TAX-EXEMPT, PLACE-BASED GRANT MAKER AND PHILANTHROPIC ADVISOR, FUNDED BY CHARITABLE GIFTS FROM INDIVIDUALS, BUSINESSES, BEQUESTS AND AGENCIES WHO CARE ABOUT AND WANT TO IMPACT THE WICHITA AREA. THESE CONTRIBUTIONS ARE USED FOR DONOR-DIRECTED AND UNRESTRICTED GIFTS, STRATEGIC INITIATIVES, SCHOLARSHIPS, LOAN PROGRAM AND OTHER CHARITABLE INTERESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debbie Gann Chair | OfficerTrustee | 1 | $0 |
Steve Cox Past Chair | OfficerTrustee | 1 | $0 |
Paul Lavendar Treasurer | OfficerTrustee | 1 | $0 |
Tammy Allen Secretary | OfficerTrustee | 1 | $0 |
James Nastars Vice Chair | OfficerTrustee | 1 | $0 |
Gloria Farha-Flentje Board Member | Trustee | 1 | $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 | $8,665,991 |
| Noncash contributions included in lines 1a–1f | $6,046,532 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,665,991 |
| Total Program Service Revenue | $0 |
| Investment income | $3,160,587 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $310,460 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $847,886 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,064,414 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,726,591 |
| Grants and other assistance to domestic individuals. | $113,450 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $308,278 |
| Compensation of current officers, directors, key employees. | $108,464 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $347,430 |
| Pension plan accruals and contributions | $38,645 |
| Other employee benefits | $26,281 |
| Payroll taxes | $47,429 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,487 |
| Fees for services: Accounting | $20,868 |
| Fees for services: Lobbying | $4,500 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $131,420 |
| Fees for services: Other | $54,333 |
| Advertising and promotion | $18,269 |
| Office expenses | $34,954 |
| Information technology | $128,161 |
| Royalties | $0 |
| Occupancy | $56,486 |
| Travel | $29,242 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,035 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,397 |
| Insurance | $21,902 |
| All other expenses | $0 |
| Total functional expenses | $7,205,725 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $307,800 |
| Savings and temporary cash investments | $10,746,742 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $40,265 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $243,452 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $22,317 |
| Investments—publicly traded securities | $84,029,240 |
| Investments—other securities | $236,053 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $95,625,869 |
| Accounts payable and accrued expenses | $29,627 |
| Grants payable | $5,250 |
| Deferred revenue | $530 |
| 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 | $13,672,775 |
| Total liabilities | $13,708,182 |
| Net assets without donor restrictions | $80,917,687 |
| Net assets with donor restrictions | $1,000,000 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $95,625,869 |
Grants Awarded
Over the last fiscal year, Wichita Foundation has awarded $5,495,694 in support to 145 organizations.
| Grant Recipient | Amount |
|---|---|
A THRIVE COMMUNITY PURPOSE: GENERAL PURPOSES | $12,130 |
AIR CAPITAL CHARITIES INC PURPOSE: KU WICHITA PEDIATRICS | $6,500 |
ALDERSGATE UNITED METHODIST CHURCH PURPOSE: GENERAL PURPOSES | $22,400 |
GREAT PLAINS DIABETES ASSOCIATION PURPOSE: GENERAL PURPOSES | $27,794 |
AMERICAN HEART ASSOCIATION PURPOSE: GENERAL PURPOSES | $19,705 |
ALZHEIMER'S ASSOCIATION - CENTRAL & WESTERN KANSAS OFFICE PURPOSE: GENERAL PURPOSES | $51,759 |