Kansas City Scholars Inc
- Assets
- $5.8m
- Revenue
- $12.2m
- Investments
- $4.2m
- Employees
- 15
- Location
- Kansas City, MO
- Founding
- 10/2016
- Data as of
- 06/2021
- EIN
- 81-3287932
Organization Overview
Kansas City Scholars Inc is located in Kansas City, MO. The organization was established in 2016. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2021, Kansas City Scholars Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kansas City Scholars Inc 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 06/2021, Kansas City Scholars Inc generated $12.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.3% each year . All expenses for the organization totaled $13.2m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Kansas City Scholars Inc has awarded 76 individual grants totaling $27,110,896. 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 MISSION OF KC SCHOLARS IS TO INCREASE POSTSECONDARY EDUCATION ATTAINMENT IN THE GREATER KANSAS CITY AREA. KC SCHOLARS WILL PROVIDE THE MEANS THROUGH SCHOLARSHIPS, FINANCIAL INCENTIVES TO PROMOTE COLLEGE SAVINGS, AND SUPPORT SERVICES FOR LOW- AND MODEST-INCOME STUDENTS AND ADULTS NEEDING ACCESS TO PURSUE AND COMPLETE A POSTSECONDARY CREDIT-BEARING CREDENTIAL OR DEGREE. BY DOING SO, KC SCHOLARS WILL IMPROVE THE EDUCATIONAL ATTAINMENT, ECONOMIC INDEPENDENCE, QUALITY OF THE WORKFORCE, AND PARTICIPATION IN COMMUNITY ACTIVITIES IN GREATER KANSAS CITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KC SCHOLARS SERVES A SIX-COUNTY AREA OF THE KANSAS CITY REGION. THE PROGRAM IS DESIGNED TO SERVE LOW- AND MODEST-INCOME HIGH SCHOOL STUDENTS WHO ARE IN PUBLIC, CHARTER, AND PRIVATE SCHOOLS AND HOME-SCHOOLED; AND ADULTS WITH SOME COLLEGE, BUT NO DEGREE. DURING THE YEAR, THE ORGANIZATION AWARDED THE FOLLOWING SCHOLARSHIPS: 524 TRADITIONAL SCHOLARSHIPS, 158 ADULT LEARNER SCHOLARSHIPS, AND 250 COLLEGE SAVINGS ACCOUNT MATCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beth Tankersley-Bankhead President And CEO | Officer | 50 | $204,980 |
Tammy Edwards Treasurer | OfficerTrustee | 0.25 | $0 |
Jan Kreamer Board Chair | OfficerTrustee | 0.25 | $0 |
David Warm Secretary | OfficerTrustee | 0.25 | $0 |
Michelle Kay Director | Trustee | 0.25 | $0 |
Beto Lopez Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,151,512 |
| Investment income | $4,890 |
| 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 | $12,156,402 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $231,210 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,081,411 |
| Pension plan accruals and contributions | $56,050 |
| Other employee benefits | $16,715 |
| Payroll taxes | $81,747 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,928 |
| Fees for services: Accounting | $80,540 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $125,180 |
| Advertising and promotion | $246,793 |
| Office expenses | $0 |
| Information technology | $27,683 |
| Royalties | $0 |
| Occupancy | $60,806 |
| Travel | $12,447 |
| 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 | $26,126 |
| Insurance | $9,544 |
| All other expenses | $0 |
| Total functional expenses | $13,175,129 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $154,790 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,337,357 |
| Accounts receivable, net | $62,327 |
| 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 | $20,209 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,215,281 |
| Investments—program-related | $0 |
| Intangible assets | $8,354 |
| Other assets | $5,401 |
| Total assets | $5,810,030 |
| Accounts payable and accrued expenses | $14,871 |
| 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 | $3,670 |
| Total liabilities | $18,541 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $5,791,489 |
Grants Awarded
Over the last fiscal year, Kansas City Scholars Inc has awarded $10,452,307 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
Kansas City, MO PURPOSE: TO PAY THE TUITION AND OTHER QUALIFIED EDUCATIONAL EXPENSES PER IRS GUIDELINE | $2,421,486 |
UNIVERSITY OF MISSOURI PURPOSE: TO PAY THE TUITION AND OTHER QUALIFIED EDUCATIONAL EXPENSES PER IRS GUIDELINE | $2,138,476 |
UNVIVERSITY OF KANSAS PURPOSE: TO PAY THE TUITION AND OTHER QUALIFIED EDUCATIONAL EXPENSES PER IRS GUIDELINE | $1,097,683 |
UNIVERSITY OF CENTRAL MISSOURI PURPOSE: TO PAY THE TUITION AND OTHER QUALIFIED EDUCATIONAL EXPENSES PER IRS GUIDELINE | $927,061 |
Parkville, MO PURPOSE: TO PAY THE TUITION AND OTHER QUALIFIED EDUCATIONAL EXPENSES PER IRS GUIDELINE | $874,734 |
Manhattan, KS PURPOSE: TO PAY THE TUITION AND OTHER QUALIFIED EDUCATIONAL EXPENSES PER IRS GUIDELINE | $729,265 |
Grants Recieved
Over the last fiscal year, we have identified 17 grants that Kansas City Scholars Inc has recieved totaling $64,846,877.
| Awarding Organization | Amount |
|---|---|
Ewing Marion Kauffman Foundation Kansas City, MO PURPOSE: SUPPORT SCHOLARSHIPS, FINANCIAL INCENTIVES TO PROMOTE COLLEGE SAVINGS, AND SUPPORT SERVICES FOR LOW- AND MODEST-INCOME STUDENTS AND ADULTS NEEDING ACCESS AND SUPPORT TO PURSUE AND COMPLETE A POSTSECONDARY CREDIT-BEARING CREDENTIAL OR DEGREE. 201607-0836 | $53,878,468 |
Ewing Marion Kauffman Foundation Kansas City, MO PURPOSE: SUPPORT SCHOLARSHIPS, FINANCIAL INCENTIVES TO PROMOTE COLLEGE SAVINGS, AND SUPPORT SERVICES FOR LOW- AND MODEST-INCOME STUDENTS AND ADULTS NEEDING ACCESS AND SUPPORT TO PURSUE AND COMPLETE A POSTSECONDARY CREDIT-BEARING CREDENTIAL OR DEGREE. 201607-0836 | $10,580,054 |
George K Baum Family Foundation Kansas City, MO PURPOSE: EDUCATIONAL | $100,000 |
Jewish Community Foundation Of Greater Kansas City Overland Park, KS PURPOSE: General support | $76,750 |
George K Baum Family Foundation Kansas City, MO PURPOSE: EDUCATIONAL | $50,000 |
Truman Heartland Community Foundation Independence, MO PURPOSE: GENERAL SUPPORT | $38,606 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Merit Scholarship Corporation Evanston, IL | $183,825,978 | $50,191,294 |
Evans Scholars Foundation Glenview, IL | $101,873,087 | $62,566,812 |
Folds Of Honor Foundation Owasso, OK | $73,033,715 | $51,158,137 |
Wichita Center For Graduate Medical Education Inc Wichita, KS | $5,382,351 | $22,892,628 |
Nebraska Student Loan Program Inc Lincoln, NE | $230,624,169 | $45,453,979 |
Hca Healthcare Foundation Nashville, TN | $97,582,102 | $44,453,527 |
Future Leaders Of Americafoundation Inc Chicago, IL | $0 | $13,517,008 |
Kansas City Scholars Inc Kansas City, MO | $5,810,030 | $12,156,402 |
Des Moines Golf And Country Club West Des Moines, IA | $24,329,403 | $13,657,003 |
The Hartwell Foundation Corporation Memphis, TN | $88,595,532 | $17,280,759 |
Ray And Kay Eckstein Charitable Trust Paducah, KY | $358,796,277 | $128,951,866 |
Professional Convention Management Association Chicago, IL | $13,503,434 | $11,522,188 |