Tipton Community Foundation EIN 93-3344000 Form 990 (PDF) Claim this org

Tipton Community Foundation

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Supports and benefits the Tipton community in Mitchell County, Kansas through charitable, scientific, literary, and educational programs. For fiscal year 2024 it reported $311K in revenue, $335K in expenses, and $82K in net assets.Pt I

Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Tipton, KS
Filings
2 on file (2023–2024)
Revenue
$311KFY2024
Expenses
$335K
Net assets
$82K
People
6
Filings
2
Updates
0
More identity details & actions ⌄
EIN  93-3344000 Public foundation / grantmaker Tipton, KS
Form 990 (PDF)
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Size
$100K–1M
What they do
Supports and benefits the Tipton community in Mitchell County, Kansas through charitable, scientific, literary, and educational programs.
Leadership
Dana Hollerich · Director
Money in and out
$311K revenue, $335K expenses
Bottom line
98% program efficiency
Grants paid & assets · FY2024
Total revenue
$311K
Pt VIII · Ln 12
Total expenses
$335K
Pt IX · Ln 25
Net assets
$82K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$24K
Where spending went · Part IX cols B–D
Program services $0.98 Management & general $0.01 Fundraising $0.01
Program efficiency
98%
of spending reaches programs
Operating runway
3.0mo
months of highly liquid reserves at operating expense rate▼ -99% vs prior filing year
Surplus margin
-8%
revenue over expenses, this year▼ -108% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$311K
FY2024▲ +187%
Total revenue
$311K
Pt VIII · Ln 12
Total expenses
$335K
Pt IX · Ln 25
Net assets
$82K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$24K
Total assetsPt X · Ln 16$82K
Program-expense ratioPt IX · col B98%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

1 program service account for $329K of program spending, described in the organization's own filed words · FY2024.
01

To support and benefit the tipton community and to create a stronger future for the community.

$329Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTipton Community Foundation
EINHdr · item D93-3344000
Principal addressHdr · item CTipton, KS
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MKS
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T31)
Ruling yearIRS BMFOct 2023

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
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
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$299K · 96%
Other revenue$11K · 3%
Contributions & grants96%$299K
Other revenue3%$11K
Investment income$989
Total revenueLn 12$311K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.98 Management & general $0.01 Fundraising $0.01
Program services98%$329K
Management & general1%$3K
Fundraising1%$3K
Total functional expensesLn 25$335K

Balance Sheet

Part X · end of year
CashLn 1$82K
Total assetsLn 16$82K
Total liabilitiesLn 26$0
Total net assetsLn 32$82K
Months of cash on handcomputed3.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $82K · Operating expenses/yr $335K
3.0 months
Where the money goes
Program services
Program services $329K · Total expenses $335K
98%
Management & General
Management & general $3K · Total expenses $335K
1.0%
Fundraising
Fundraising $3K · Total expenses $335K
0.8%
Cost to raise $1
Fundraising expense $3K · Solicited contributions $299K
$0.01 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $299K · Total revenue $311K
96%
Government reliance
Government grants — · Total revenue $311K
Earned-income share
Program service revenue $0 · Total revenue $311K
0%
Investment reliance
Investment income $989 · Total revenue $311K
+0.3%
Program self-sufficiency
Program service revenue $0 · Total expenses $335K
0%
Growth & trend
Revenue growth (YoY)
This year $311K · Prior year $108K
+187%
Net-asset trend (YoY)
End of year $82K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $311K · Expenses $335K
-8%
Liabilities-to-Assets
Total liabilities — · Total assets $82K
Net-asset ratio
Net assets $82K · Total assets $82K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $82K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Dana Hollerich · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $335K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $335K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 98%
Overhead ratio 1.0%
Fundraising cost ratio 0.9%
Revenue growth 187%
Legal fee ratio <0.01%
Accounting fee ratio 0.1%

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 · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$359K
Grants paid · 3 grants · $253K · 2024–2024
Tipton Fire DepartmentFY2024$171,000
City of TiptonFY2024$75,990
Tipton Catholic High SchoolFY2024$5,554

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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)$311K revenue · viewing · ⤓ 990 PDF
FY2023$108K 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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