Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2001.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
100 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
6 people listed on the 990.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Accepts and manages donated real estate for charitable purposes.
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The real estate charitable foundation provides the building and infrastructure for a charter school. The charter school provides k-12 education to under-served populations in the metro kansas city area.
The real estate charitable foundation makes it easy for donors to make charitable gifts of real property by evaluating, marketing and selling property for charitable purposes. Sale proceeds are deposited into a charitable fund at the greater kansas city community foundation, and donors then grant the proceeds to nonprofit organizations.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.6M | $80 |
| Land, buildings, equipmentLn 10c | $35.0M | $33.3M |
| Total assetsLn 16 | $37.6M | $34.3M |
| LiabilitiesLn 26 | $937K | $774K |
| Net assetsLn 32 | $36.6M | $33.5M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $1.6M | $1.6M | ||
| Management feesLn 11a | $7K | $7K | ||
| Investment management feesLn 11f | $120 | $120 | ||
| Other fees for servicesLn 11g | $100K | $100K | $0 | $0 |
| InterestLn 20 | $15K | $15K | ||
| Depreciation, depletion and amortizationLn 22 | $1.6M | $1.6M | ||
| All other expensesLn 24e | $0 | $0 | $0 | $0 |
| Total functional expensesLn 25 | $3.4M | $3.4M | $7K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $294K | $3.4M | −$3.1M | $33.5M | 990 PDF |
| FY2023 | −$929K | $1.9M | −$2.9M | $36.6M | 990 PDF |
| FY2022 | $309K | $8.6M | −$8.3M | $39.5M | 990 PDF |
| FY2021 | $8.0M | $2.5M | $5.5M | $47.7M | 990 PDF |
| FY2020 | $4.2M | $3.2M | $1.0M | $42.3M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $294,355 revenue, 12 lines filed
Part VI · Governance 4 of 4 board members independent, 2 to look at
Part VIII · Statement of revenue $294,355 across 5 lines filed
Part IX · Statement of functional expenses $3,407,368 across 7 lines filed
Part X · Balance sheet $34,300,544 assets, 11 lines filed
Part XI · Reconciliation of net assets $33,526,310 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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