We annually distribute 100% of funds in excess of our trust principal to charitable organizations.

501(c)(3) charity; gifts are tax-deductible.
59¢ of each $1 spent went to programs.
$224K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $737K a year · 29% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
59%
of spending
Worth a look: 59% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$224K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
5 mo
of spending, in cash
Plus $26.4M in investments, Pt X · Ln 11–13
Looks good: 4.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.3M
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.1M
-13% vs prior year
Spent
$1.7M
To programs
59%
Net assets
$30.5M
By yearFY2020–FY2024
Revenue
$2.1M
FY2024▼ -13%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.8M
FY2021$4.1M
FY2022$2.2M
FY2023$2.4M
FY2024$2.1M
Expenses
$1.7M
FY2024▼ -14%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.3M
FY2021$1.9M
FY2022$2.0M
FY2023$2.0M
FY2024$1.7M
Net assets
$30.5M
FY2024▲ +1%
Tap a bar for its year
Net assets by fiscal year
FY2020$27.4M
FY2021$29.6M
FY2022$29.9M
FY2023$30.2M
FY2024$30.5M

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1978.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

59 cents of each dollar spent went to programs.

Program services 59% · $1.0M Management & general 41% · $708K

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

3 people listed on the 990; $224K paid to officers and key staff.

Part VII, Section A · reportable compensation
$144,463Pt VII · Sec A
$40,000Pt VII · Sec A
$40,000Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Caverly Hart$144,463$144,463$144,463$129,463$129,463
Lance Woodbury$40,000$40,000$40,000$25,000$25,000
John D Pinegar$40,000$40,000$40,000——
John Pinegar———$25,000$25,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Finnup Foundation executive salaries →

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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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Distributes excess funds annually to support charitable causes.

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Provided by the organization

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1 program · $1.0M · in their own filed words · FY2024
01

During 2024, the Foundation distributed $1,335,046 to 36 charitable and educational organizations in Kansas based on distributable income resulting from 2023 operations. For 2024, the Foundation's board of trustees has authorized $1,009,257 in similar distributions based on the results of 2024 operations.

$1.0Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 170 grants · $5.7M · 2020–2024
Washburn UniversityFY2024$130,000
Community Congregational ChurchFY2024$130,000
City of Garden CityFY2024$130,000
Salvation ArmyMO · FY2024$65,000
Real Men Real Leaders INCKS · FY2024$30,000
Kearny County HospitalFY2024$30,000
Garden City Arts INCKS · FY2024$30,000
The Nature ConservancyVA · FY2024$20,000
Sparkwheel INCKS · FY2024$20,000
See all 170 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.1M
Ln 12
Investment incomeLn 3$1.4M
Other incomeLn 4–11$684K
Money outPt IX
$1.7M
Ln 25
Programscol B$1.0M
Managementcol C$708K
Owns and owesPt X
$30.5M
net assets · Ln 32
Cash and savingsLn 1–2$661K
Total assetsLn 16$31.8M
LiabilitiesLn 26$1.3M
PeoplePt VI, VII
3
listed · VII A
PaidVII A3
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$1.4M
Other incomeLn 4–11$684K
Gains on assetsLn 7$259K
Total revenueLn 12$2.1M
Assets in detailPt X, end of year
SavingsLn 2$661K
Cash and savings togetherLn 1–2$661K
InvestmentsLn 11–13$26.4M
Land, buildings, equipmentLn 10c$4.7M
Total assetsLn 16$31.8M
LiabilitiesLn 26$1.3M
Net assetsLn 32$30.5M
OperationsPt I, VI
EmployeesI 52
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$577K$661K
InvestmentsLn 11–13$26.7M$26.4M
Land, buildings, equipmentLn 10c$4.7M$4.7M
Total assetsLn 16$31.9M$31.8M
LiabilitiesLn 26$1.7M$1.3M
Net assetsLn 32$30.2M$30.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.0M$1.0M
Pay of current officers, directors and key staffLn 5$240K$240K
Other salaries and wagesLn 7$101K$101K
Pension plan contributionsLn 8$15K$15K
Other employee benefitsLn 9$10K$10K
Payroll taxesLn 10$16K$16K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$8K$8K
Investment management feesLn 11f$130K$130K
Other fees for servicesLn 11g$31K$31K
Office expensesLn 13$9K$9K
Information technologyLn 14$22K$22K
OccupancyLn 16$111K$111K
TravelLn 17$2K$2K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$4K$4K
Total functional expensesLn 25$1.7M$1.0M$708K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $2.1M$1.7M$340K$30.5M 990 PDF
FY2023 $2.4M$2.0M$362K$30.2M 990 PDF
FY2022 $2.2M$2.0M$233K$29.9M 990 PDF
FY2021 $4.1M$1.9M$2.2M$29.6M 990 PDF
FY2020 $1.8M$1.3M$499K$27.4M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $2,056,454 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $1,451,316$1,372,036
I-11 Other revenuePrior year $901,180$684,418
I-12 Total revenuePrior year $2,352,496$2,056,454
I-13 Grants and similar amounts paidPrior year $1,335,046$1,009,257
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $358,073$382,507
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $297,376$325,153
I-18 Total expensesPrior year $1,990,495$1,716,917
I-19 Revenue less expensesPrior year $362,001$339,537
Part VI · Governance 0 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members0
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $2,056,454 across 6 lines filed
VIII-3 Investment incomeExcluded from tax $1,112,974$1,112,974
VIII-5 RoyaltiesExcluded from tax $259,088$259,088
VIII-6 Net rental income or lossExcluded from tax $233,917$233,917
VIII-7 Net gain or loss on sales of assetsExcluded from tax $259,062$259,062
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $179,510 · Excluded from tax $11,903$191,413
VIII-12 Total revenueRelated to mission $0 · Unrelated business $179,510 · Excluded from tax $1,876,944$2,056,454
Part IX · Statement of functional expenses $1,716,917 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $1,009,257$1,009,257
IX-5 Pay of current officers, directors and key staffManagement $240,132$240,132
IX-7 Other salaries and wagesManagement $101,280$101,280
IX-8 Pension plan contributionsManagement $15,192$15,192
IX-9 Other employee benefitsManagement $10,164$10,164
IX-10 Payroll taxesManagement $15,739$15,739
IX-11b Legal feesManagement $2,065$2,065
IX-11c Accounting feesManagement $8,500$8,500
IX-11f Investment management feesManagement $130,010$130,010
IX-11g Other fees for servicesManagement $30,706$30,706
IX-13 Office expensesManagement $9,143$9,143
IX-14 Information technologyManagement $21,715$21,715
IX-16 OccupancyManagement $110,742$110,742
IX-17 TravelManagement $2,125$2,125
IX-23 InsuranceManagement $6,244$6,244
IX-24 Other expenses (24a–d)Management $3,903$3,903
IX-25 Total functional expensesPrograms $1,009,257 · Management $707,660 · Fundraising $0$1,716,917
Part X · Balance sheet $31,823,793 assets, 10 lines filed
X-2 Savings and temporary cash investmentsStart of year $577,147$660,860
X-10c Land, buildings and equipment, netStart of year $4,684,407$4,732,556
X-11 Publicly traded securitiesStart of year $25,968,851$25,856,326
X-12 Other securitiesStart of year $695,071$574,051
X-16 Total assetsStart of year $31,925,478$31,823,793
X-18 Grants payableStart of year $1,335,046$1,009,257
X-25 Other liabilitiesStart of year $414,805$299,372
X-26 Total liabilitiesStart of year $1,749,851$1,308,629
X-32 Total net assets or fund balancesStart of year $30,175,627$30,515,164
X-33 Total liabilities and net assetsStart of year $31,925,478$31,823,793
Part XI · Reconciliation of net assets $30,515,164 net assets at year end
XI-1 Total revenue$2,056,454
XI-2 Total expenses$1,716,917
XI-3 Revenue less expenses$339,537
XI-4 Net assets at start of year$30,175,627
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$30,515,164

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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