Kimball Educational Foundation FY2023 filing

Tax-deductible

Shawnee Mission, KS501(c)(3)Since 1965EIN 48-6121165

To provide scholarships to students at the university of kansas.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
3 of 4
filings with a surplus
Average surplus $6K a year · 7% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $23
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$76K
-41% vs prior year
Spent
$71K
To programs
98%
Net assets
$1.5M
By yearFY2021–FY2024
Revenue
$76K
FY2023▼ -41%
Revenue by fiscal year
FY2021$55K
FY2022$130K
FY2023$76K
FY2024$51K
FY2024$99K
Expenses
$71K
FY2023▼ -18%
Expenses by fiscal year
FY2021$52K
FY2022$86K
FY2023$71K
FY2024$80K
FY2024$61K
Net assets
$1.5M
FY2023▲ +5%
Net assets by fiscal year
FY2021$1.5M
FY2022$1.5M
FY2023$1.5M
FY2024$1.6M
FY2024$1.7M

From the FY2023 Form 990 (year ending June 2023) · see the original

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1965.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $70K Management & general 2% · $1K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Kimball Educational 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

Awards scholarships to University of Kansas students.

Provided by the organization

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2 program services account for $70K of program spending, described in the organization's own filed words · FY2022.
01

Grants to university of kansas delta chi association for educational portion of operational expenses.

$50Kprogram expense
02

25 scholarships & other expenses awarded to students at the university of kansas.

$20Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$23
Grants paid · 10 grants · $296K · 2020–2024
Unitemized GrantFY2024$22,900
Unitemized GrantFY2023$21,700
Unitemized GrantFY2022$18,650
Unitemized GrantFY2021$21,700
Unitemized GrantFY2020$22,150

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$76K
Ln 12
Investment incomeLn 3$54K
Gifts and grantsLn 1h$23K
Money outPt IX
$71K
Ln 25
Programscol B$70K
Managementcol C$1K
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$6K
Total assetsLn 16$1.5M
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$23K
Investment incomeLn 3$54K
Gains on assetsLn 7$15K
Total revenueLn 12$76K
Assets in detailPt X, end of year
SavingsLn 2$6K
Cash and savings togetherLn 1–2$6K
InvestmentsLn 11–13$1.5M
Total assetsLn 16$1.5M
LiabilitiesLn 26$0
Net assetsLn 32$1.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$97K$6K
InvestmentsLn 11–13$1.4M$1.5M
Total assetsLn 16$1.5M$1.5M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.5M$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$50K$50K
Grants to domestic individualsLn 2$19K$19K
Accounting feesLn 11c$1K$1K
Office expensesLn 13$1K$1K
Total functional expensesLn 25$71K$70K$1K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $51K$80K−$29K$1.6M 990 PDF
FY2023 Viewing $76K$71K$5K$1.5M 990 PDF
FY2022 $130K$86K$44K$1.5M 990 PDF
FY2021 $55K$52K$3K$1.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (4 parts)
Part VIII · Statement of revenue $76,436 across 5 lines filed
VIII-1f All other contributions, gifts and grants$22,927
VIII-1h Total contributions, gifts and grants$22,927
VIII-3 Investment incomeExcluded from tax $38,686$38,686
VIII-7 Net gain or loss on sales of assetsExcluded from tax $14,823$14,823
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $53,509$76,436
Part IX · Statement of functional expenses $71,109 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $50,000$50,000
IX-2 Grants to domestic individualsPrograms $18,650$18,650
IX-11c Accounting feesManagement $1,345$1,345
IX-13 Office expensesPrograms $1,114$1,114
IX-25 Total functional expensesPrograms $69,764 · Management $1,345 · Fundraising $0$71,109
Part X · Balance sheet $1,541,645 assets, 6 lines filed
X-2 Savings and temporary cash investmentsStart of year $96,575$6,113
X-11 Publicly traded securitiesStart of year $1,377,719$1,535,532
X-16 Total assetsStart of year $1,474,294$1,541,645
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $1,474,294$1,541,645
X-33 Total liabilities and net assetsStart of year $1,474,294$1,541,645
Part XI · Reconciliation of net assets $1,541,645 net assets at year end
XI-1 Total revenue$76,436
XI-2 Total expenses$71,109
XI-3 Revenue less expenses$5,327
XI-4 Net assets at start of year$1,474,294
XI-5 Net unrealized gains (losses) on investments$62,024
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,541,645

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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