Golden Belt Community Foundation
- Assets
- $32.1m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 4
- Location
- Great Bend, KS
- Founding
- 07/1997
- Data as of
- 12/2021
- EIN
- 74-2804940
Organization Overview
Golden Belt Community Foundation is located in Great Bend, KS. The organization was established in 1997. 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 12/2021, Golden Belt Community Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Golden Belt Community 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, Golden Belt Community Foundation generated $2.3m 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 (7.1%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Golden Belt Community Foundation has awarded 238 individual grants totaling $4,827,240. 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
THE FOUNDATION'S MISSION IS TO BRING EXTRAORDINARY PEOPLE TOGETHER TO PLAN FOR A VIBRANT FUTURE WITH OUR FAMILY, FRIENDS, AND NEIGHBORS CREATING REMARKABLE LEGACIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES NECESSARY FUNDING FOR SCHOLARSHIPS AND GRANTS, WHICH BENEFIT CHARITABLE, RELIGIOUS, AND GOVERNMENTAL ORGANIZATIONS, AS WELL AS TO INDIVIDUALS FOR THE FURTHERANCE OF EDUCATION AND FOR BASIC NEEDS FOR INDIVIDUALS FACING A SIGNIFICANT HARDSHIP. THE FOUNDATION PRIMARILY SERVES THE COUNTIES OF BARTON, PAWNEE, RUSH AND STAFFORD IN CENTRAL KANSAS. MOST GRANTS ARE AWARDED THROUGH AN OPEN AND NON-DISCRIMINATORY, COMPETITIVE APPLICATION PROCESS AND ARE REVIEWED BY A COMMITTEE OF VOLUNTEERS BEFORE APPROVAL BY THE BOARD OF DIRECTORS. THE FOUNDATION HAS AWARDED SIGNIFICANT GRANTS IN THE FOLLOWING AREAS: HEALTH AND WELL-BEING OF CHILDREN AND YOUTH, SERVICES FOR THE INDIGENT, RECREATION AND PLAY SPACE, EDUCATION AND THE ARTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christy Tustin Executive Director | Officer | 40 | $95,914 |
Leonard Bunselmeyer President | OfficerTrustee | 1 | $0 |
Sheryl Schamaun Vice President | OfficerTrustee | 1 | $0 |
Kara Jecha Treasurer | OfficerTrustee | 1 | $0 |
Joan Panning Secretary | OfficerTrustee | 1 | $0 |
Kelby Adams Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $475,854 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,372,420 |
| Noncash contributions included in lines 1a–1f | $492,620 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,848,274 |
| Total Program Service Revenue | $23,597 |
| Investment income | $450,117 |
| 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 | $2,324,679 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,140,516 |
| Grants and other assistance to domestic individuals. | $28,175 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $95,914 |
| Compensation of current officers, directors, key employees. | $38,365 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $97,743 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,590 |
| Payroll taxes | $16,719 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $840 |
| Fees for services: Accounting | $16,085 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,575 |
| Office expenses | $92,380 |
| Information technology | $12,335 |
| Royalties | $0 |
| Occupancy | $3,716 |
| Travel | $82 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,993 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,477 |
| Insurance | $54,213 |
| All other expenses | $0 |
| Total functional expenses | $1,588,293 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,976 |
| Savings and temporary cash investments | $804,672 |
| 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 | $6,883 |
| Net Land, buildings, and equipment | $93,304 |
| Investments—publicly traded securities | $31,070,484 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,152 |
| Total assets | $32,071,471 |
| Accounts payable and accrued expenses | $4,183 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $2,505,985 |
| 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 | $2,510,168 |
| Net assets without donor restrictions | $2,080,974 |
| Net assets with donor restrictions | $0 |
| 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 | $32,071,471 |
Grants Awarded
Over the last fiscal year, Golden Belt Community Foundation has awarded $696,341 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
FORT HAYS STATE UNIVERSITY PURPOSE: Scholarships | $83,000 |
GOLDEN BELT HUMAN AND ANIMAL WELFARE SOCIETY PURPOSE: Operating Support | $81,711 |
Great Bend, KS PURPOSE: Operating Support | $50,606 |
Hoisington, KS PURPOSE: Operating Support | $50,052 |
Hoisington, KS PURPOSE: Park Improvements | $50,000 |
Great Bend, KS PURPOSE: Operating Support for Preschool | $45,436 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Golden Belt Community Foundation has recieved totaling $235,032.
| Awarding Organization | Amount |
|---|---|
Dorothy M Morrison Foundation Olathe, KS PURPOSE: BARTON COUNTY HISTORICAL SOCIETY | $234,000 |
Land O L Foundation St Paul, MN PURPOSE: MEMBER CO-OP MATCHES | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $32 |
Endowment Analysis
| Beg. Balance | $22,807,029 |
| Earnings | $2,855,481 |
| Admin Expense | $247,568 |
| Net Contributions | $945,208 |
| Grants | -$686,129 |
| Ending Balance | $27,046,279 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Aspen Community Foundation Basalt, CO | $62,511,754 | $28,301,426 |
Jewish Community Foundation Of Greater Kansas City Overland Park, KS | $291,884,746 | $15,071,209 |
Impact Charitable Denver, CO | $10,724,494 | $21,202,015 |
Greater Salina Community Foundation Salina, KS | $322,187,245 | $17,442,186 |
Greater Manhattan Community Foundation Manhattan, KS | $138,440,801 | $66,806,194 |
Jewishcolorado Denver, CO | $81,767,824 | $13,645,129 |
The Community Foundation Boulder, CO | $79,799,287 | $19,282,047 |
St Louis Community Foundation St Louis, MO | $112,098,850 | $20,148,169 |
Community Foundation Of Northern Colorado Fort Collins, CO | $185,330,639 | $37,336,720 |
Yampa Valley Community Foundation Steamboat Springs, CO | $51,851,485 | $30,806,242 |
Pikes Peak Community Foundation Colorado Springs, CO | $84,096,256 | $22,173,927 |
Hutchinson Community Foundation Hutchinson, KS | $99,932,573 | $30,609,087 |