Area Communities Enrichment Foundation
- Assets
- $1.0m
- Revenue
- $66.9k
- Investments
- $982.0k
- Employees
- 0
- Location
- Atwood, KS
- Founding
- 10/2002
- Data as of
- 12/2021
- EIN
- 48-1239581
Organization Overview
Area Communities Enrichment Foundation is located in Atwood, KS. The organization was established in 2002. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, 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. Area Communities Enrichment 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 12/2021, Area Communities Enrichment Foundation generated $66.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (30.2%) each year. All expenses for the organization totaled $44.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (26.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Area Communities Enrichment Foundation has awarded 37 individual grants totaling $1,963,836. 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
TO ENHANCE, ENRICH, AND ENSURE THE FUTURE OF OUR CITIZENS AND THE COMMUNITIES IN WHICH THEY LIVE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION AWARDS EDUCATIONAL SCHOLARSHIPS TO STUDENTS.
THE FOUNDATION DISBURSES MONEY TO THE BARBARA CREIGHTON READING FUND. 2021 FUNDS WERE USED TO PURCHASE BOOKS.
THE FOUNDATION DISBURSES MONEY TO THE KNIGHTS OF COLUMBUS FOR CHARITABLE PURPOSES.
THE FOUNDATION SUPPORTS OTHER VARIOUS COMMUNITY PROGRAMS AND ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Olivia Chvatal Secretary/treasurer | OfficerTrustee | 5 | $0 |
Scott Chvatal President | OfficerTrustee | 5 | $0 |
Kevin Holle Director | Trustee | 1 | $0 |
Melody Bearley Director | 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 | $9,717 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,717 |
| Total Program Service Revenue | $0 |
| Investment income | $57,207 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $66,924 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $29,176 |
| Grants and other assistance to domestic individuals. | $12,968 |
| 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 | $326 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,207 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $155 |
| 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 | $44,832 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,722 |
| Savings and temporary cash investments | $57,374 |
| 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 | $0 |
| Investments—other securities | $981,997 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,045,093 |
| 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 | $29,519 |
| Net assets with donor restrictions | $1,015,574 |
| 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 | $1,045,093 |
Grants Awarded
Over the last fiscal year, Area Communities Enrichment Foundation has awarded $19,350 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
KNIGHTS OF COLUMBUS PURPOSE: TO ASSIST WITH CHARITABLE WORK INCLUDING COATS FOR KIDS | $12,825 |
Pigeon Forge, TN PURPOSE: TO FUND THE BARBARA CREIGHTON READING FUND | $6,525 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Area Communities Enrichment Foundation has recieved totaling $24,801.
| Awarding Organization | Amount |
|---|---|
Greater Northwest Kansas Community Foundation Bird City, KS PURPOSE: PHILANTHROPY, VOLUNTARISM, GRANTMAKING FOUNDATION | $24,801 |
Endowment Analysis
| Beg. Balance | $944,963 |
| Earnings | $35,983 |
| Net Contributions | $9,217 |
| Grants | $28,939 |
| Ending Balance | $961,224 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mid-America Regional Council Community Services Corporation Kansas City, MO | $2,213,477 | $3,497,916 |
Lions Eye Bank Of Nebraska Inc Omaha, NE | $1,294,496 | $1,516,053 |
Generating Income For Tomorrow Kansas City, MO | $295,787 | $1,133,745 |
Kc Air Show Charities Inc Kansas City, MO | $68,342 | $938,134 |
Heart Of America Redistribution Solutions And Support Sedalia, MO | $435,050 | $1,090,030 |
Karma House Inc Lakewood, CO | $116,676 | $590,257 |
Hannibal High School Booster Club Hannibal, MO | $67,316 | $0 |
Coloradan Community Foundation Denver, CO | $302,390 | $131,750 |
Scc Community Improvement Corporation Osceola, MO | $58,926 | $0 |
St Louis Rotary Club Welfare Fund Inc St Louis, MO | $84,365 | $0 |
Ellinwood Community Foundation Ellinwood, KS | $1,400,735 | $50,291 |
Flutterby Foundation Ltd Brighton, CO | $34,118 | $0 |