Finnup Foundation EIN 48-0845233

Finnup Foundation

EIN  48-0845233 Supporting organization Garden City, KS
Form 990 (PDF) Compare with another nonprofit →
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Size
$1–10M
What they do
Distributes excess funds annually to support charitable causes.
Leadership
Caverly Hart · Trustee · $144K
Money in and out
$2.1M revenue, $1.7M expenses
Bottom line
+17% net inflow

Distributes excess funds annually to support charitable causes. For fiscal year 2024 it reported $2.1M in revenue, $1.7M in expenses, and $30.5M in net assets.Pt I

Money in and out · FY2024
Total revenue
$2.1M
Pt VIII · Ln 12
Total expenses
$1.7M
Pt IX · Ln 25
Net assets
$30.5M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $340K
Where spending went · Part IX cols B–D
Program services $0.59 Management & general $0.41
Net inflow
+17%
revenue over expenses, this year▲ +7% vs prior filing year
Pass-through gifts
0%
of revenue from contributions
Program spending
59%
of expenses reach stated programs▼ -12% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$2.1M
FY2024▼ -13%
Expenses
$1.7M
FY2024▼ -14%
Total assets
$31.8M
FY20240%
Total liabilities
$1.3M
FY2024▼ -25%
Total revenue
$2.1M
Pt VIII · Ln 12
Total expenses
$1.7M
Pt IX · Ln 25
Net assets
$30.5M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$340K
Total assetsPt X · Ln 16$31.8M
Program-expense ratioPt IX · col B59%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service account for $1.0M of program spending, described in the organization's 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

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFinnup Foundation
EINHdr · item D48-0845233
Principal addressHdr · item CGarden City, KS
WebsiteHdr · item Jwww.finnupfoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MKS
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T22)
Ruling yearIRS BMFJan 1978

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

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.

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Statement of Revenue

Part VIII
Investment income$1.4M · 67%
Other revenue$684K · 33%
Investment income67%$1.4M
Other revenue33%$684K
Total revenueLn 12$2.1M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.59 Management & general $0.41
Program services59%$1.0M
Management & general41%$708K
Total functional expensesLn 25$1.7M

Balance Sheet

Part X · end of year
CashLn 1$661K
Total assetsLn 16$31.8M
Total liabilitiesLn 26$1.3M
Total net assetsLn 32$30.5M
Months of cash on handcomputed4.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $27.1M · Operating expenses/yr $1.7M
189.3 months
Where the money goes
Program services
Program services $1.0M · Total expenses $1.7M
59%
Management & General
Management & general $708K · Total expenses $1.7M
41%
Fundraising
Fundraising $0 · Total expenses $1.7M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $2.1M
0%
Government reliance
Government grants — · Total revenue $2.1M
Earned-income share
Program service revenue $0 · Total revenue $2.1M
0%
Investment reliance
Investment income $1.4M · Total revenue $2.1M
+67%
Program self-sufficiency
Program service revenue $0 · Total expenses $1.7M
0%
Growth & trend
Revenue growth (YoY)
This year $2.1M · Prior year $2.4M
-13%
Revenue CAGR
FY2020 $1.8M · FY2024 $2.1M
+3%
Net-asset trend (YoY)
End of year $30.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.1M · Expenses $1.7M
+17%
Liabilities-to-Assets
Total liabilities — · Total assets $31.8M
Net-asset ratio
Net assets $30.5M · Total assets $31.8M
96%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $25.9M · Other securities (Pt X, ln 12) $574K · Total assets (Pt X, ln 16) $31.8M
83%
People & payroll
Highest Reported Total Compensation
Individual Caverly Hart · Reported title Trustee · Highest reported compensation $144K · Total expenses $1.7M
8%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $383K · Total expenses $1.7M
22%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 59%
Overhead ratio 41%
Revenue growth -13%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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 →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$2.1M revenue · viewing · ⤓ 990 PDF
FY2023$2.4M revenue · ⤓ 990 PDF
FY2022$2.2M revenue · ⤓ 990 PDF
FY2021$4.1M revenue · ⤓ 990 PDF
FY2020$1.8M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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