2024-04-05T10:02:16-05:00 2023-06-30 FORVIS LLP 1201 Walnut Suite 1700 Kansas City MO 641062246 990 2022-07-01 260840496 UMKC FOUNDATION % CHARLES FLOYD UMKC 8162351601 5115 OAK STREET 202 ADMIN CENTER KANSAS CITY MO 64112 AMANDA DAVIS PRESIDENT 8162355778 2024-05-15 true LISA B BARONIO 999009999 April Arnold P01559426 8162216300 2024-05-15 3 2022 2023-04-26 12:10:37Z AMANDA DAVIS 5115 OAK ST 202 ADMIN CENTER KANSAS CITY MO 64112 57923302 false X WWW.UMKCFOUNDATION.ORG X 2007 MO UMKC FOUNDATION'S SOLE PURPOSE IS TO BENEFIT THE UNIVERSITY OF MISSOURI - KANSAS CITY (UMKC) BY SUPPORTING (THROUGH FUNDS RAISED, HELD AND ADMINISTERED BY THE (SEE SCHEDULE O) 13 12 17 15 603 0 9406622 53205228 1468458 1584499 2912996 1287073 1224079 250376 15012155 56327176 24866051 28666687 0 0 1297550 1637315 257958 212633 894612 694103 950409 27115662 31467044 -12103507 24860132 60897426 89240437 212787 172345 60684639 89068092 X UMKC FOUNDATION'S SOLE PURPOSE IS TO BENEFIT THE UNIVERSITY OF MISSOURI - KANSAS CITY (UMKC) BY SUPPORTING (THROUGH FUNDS RAISED, HELD AND ADMINISTERED BY THE FOUNDATION) ACADEMIC PROGRAMS AND EDUCATIONAL OPPORTUNITIES THAT WILL (SEE SCHEDULE O) false false 29286362 28666687 1584499 SEE SCHEDULE O 29286362 true true false false false false false true false true false true false false false false false true false false true false false true false false false true true true false false false false false false false false true false false false false true true false false false true 7 0 true 17 true false false false false false false false false false false false false X 13 12 false false false false false true true true true false false true true true true true true true false false MO X X CHARLES FLOYD 8162351601 5115 OAK STREET 225 ADMIN CENTER KANSAS CITY MO 64112 SHELLY DOUCET AVP & DIRECTOR OF DEVELOPMENT 40.0 0.0 X 132860 0 33780 MARK MATTISON MAJOR GIFT OFFICER 40.0 0.0 X 101076 0 13464 AMANDA DAVIS PRESIDENT 40.0 1.0 X X 52809 0 10551 WILLIAM M LYONS TREASURER 2.0 0.0 X X 0 0 0 ROBERT D REGNIER VICE CHAIR 2.0 0.0 X X 0 0 0 DEBBY BALLARD DIRECTOR 1.0 0.0 X 0 0 0 RYAN D RAPP DIRECTOR 1.0 0.0 X 0 0 0 JERRY D REECE CHAIR 2.0 0.0 X X 0 0 0 NELSON R SABATES MD DIRECTOR 1.0 1.0 X 0 0 0 MARNY D SHERMAN SECRETARY 1.0 0.0 X 0 0 0 FRANK J WEWERS DIRECTOR 1.0 0.0 X 0 0 0 C MAULI AGRAWAL PHD CHANCELLOR 2.0 0.0 X X 0 0 0 WILLIAM TAYLOR DIRECTOR 1.0 0.0 X 0 0 0 JOSH SOSLAND DIRECTOR 1.0 0.0 X 0 0 0 LINDSEY PATTERSON SMITH DIRECTOR 2.0 0.0 X 0 0 0 286745 0 57795 2 false true true 0 53205228 307536 53205228 UMKC Contract Revenue 561499 208750 208750 UMKC Support 561499 653700 653700 MANAGEMENT FEE ON ENDOWED GIFTS 561499 722049 722049 1584499 1306975 1306975 0 0 0 0 0 1576224 1596126 -19902 -19902 -19902 0 0 0 0 0 0 0 0 0 Other Income 900099 249773 249773 INCOME (LOSS) FROM PARTNRSHIPS 901101 603 603 250376 56327176 1584499 603 1536846 28537373 28537373 129314 129314 0 0 235715 77786 77786 80143 0 1132445 373707 373707 385031 76564 25266 25266 26032 98176 32398 32398 33380 94415 31157 31157 32101 0 30595 30595 52395 52395 0 212633 212633 199709 199709 30893 14574 16319 54921 18124 18124 18673 167994 55438 57118 55438 0 0 0 39334 19667 19667 0 18041 18041 0 0 0 9142 4571 4571 BAD DEBT EXPENSE 231063 231063 GKCCF PUBLICATIONS 75880 75880 ORGANIZATIONAL MEMBERSHIPS 11612 11612 RECRUITMENT 10878 3590 3590 3698 17952 2209 8817 6926 31467044 29286362 1286070 894612 746622 724845 224374 744475 5570335 24956741 908579 1273063 0 0 0 0 0 0 0 0 9153 31074 0 0 37442311 48723164 15985452 12776475 0 0 0 0 10600 10600 60897426 89240437 211787 172345 1000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 212787 172345 X 1953708 1970534 58730931 87097558 60684639 89068092 60897426 89240437 X 24860132 3508217 15104 X false true X true false X 1772220 38026616 24310625 9406622 53205228 126721311 0 0 1772220 38026616 24310625 9406622 53205228 126721311 76493020 50228291 950523 1006692 1231332 1794237 1306975 6289759 987 603 1590 0 132094 204023 1223092 249773 1808982 134821642 21509405 0.37255 0.42146 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X false 52674759 7143808 4510144 1884829 2944899 682868 58816115 54929257 2856258 -2440995 2018533 3135 648093 52674759 45922719 2936321 8466673 1805015 6247 585194 54929257 44430855 4149520 -371910 1755653 8792 521301 45922719 43438208 1328240 2059761 1748171 255523 391660 44430855 0.87940 0.12060 false false OTHER SECURITIES 12776475 F 12776475 61514765 3508217 1544841 334240 5387298 56127467 199709 199709 56327176 33139195 1544841 327019 1871860 31267335 199709 199709 31467044 SCHEDULE D, PART V, LINE 4 THE UMKC FOUNDATION, AN UNRELATED ORGANIZATION FOR TAX PURPOSES, IS A SEPARATE ENTERPRISE DEVOTED TO RAISING FUNDS FOR THE BENEFIT OF THE UNIVERSITY OF MISSOURI- KANSAS CITY, WHILE EXERCISING FIDUCIARY RESPONSIBILITY OVER PHILANTHROPIC INVESTMENTS MADE TO THE UNIVERSITY. THE UMKC FOUNDATION'S ENDOWMENT POOL IS ESSENTIAL TO SUSTAINING ACADEMIC EXCELLENCE, AS IT PROVIDES A STEADY SOURCE OF INCOME TO SUPPORT STUDENT SCHOLARSHIPS, PROFESSORSHIPS, PROGRAM SUPPORT, RESEARCH, AND OTHER LEARNING OPPORTUNITIES AT THE UNIVERSITY OF MISSOURI-KANSAS CITY, EVEN IN THE MIDST OF BUDGET FLUCTUATIONS AND THE ECONOMY AS A WHOLE. THE ENDOWMENT POOL CONTAINS VARIOUS GIFTS, BEQUESTS, AND OTHER FUNDS TO BE HELD IN PERPETUITY, AND ALLOW THE UNIVERSITY TO UTILIZE THE INCOME IN CONFORMANCE WITH DONOR STIPULATIONS. SCHEUDLE D, PART X, LINE 2 MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. SCHEDULE D, PART XI, LINE 2D REVENUE FROM UMKC RESEARCH FOUNDATION $298,954 Investment Income - UMKC Research Foundation $ 20,182 CHANGE IN LIFE INSURANCE $ 15,707 INCOME FROM PARTNERSHIP $ (603) ----------- $334,240 SCHEDULE D, PART XII, LINE 2D EXPENSES FROM UMKC RESEARCH FOUNDATION $327,019 Central America and the Caribbean 0 0 Investments 10645193 0 0 0 0 10645193 10645193 true false true true false false X X X X X X true RUFFALO NOEL LEVITZ LLC 1025 KIRKWOOD PARKWAY SW CEDAR RAPIDS IA 52404 CONSULTING false 87907 212633 87907 212633 MO false DIASTOLE-HOSPITAL HILL INCORPORATED 2501 HOLMES KANSAS CITY MO 64108 431213056 501(C)(3) 84732 MAINTENANCE & OPERATING OF SCHOLARS' CENTER UMKC 2501 HOLMES KANSAS CITY MO 64108 436003859 GOVT 28452641 SCHOLARSHIP & 2 SCHOLARSHIPS 104 129314 SCHEDULE I, PART I, LINE 2 GRANTS ARE PROVIDED TO THE UNIVERSITY OF MISSOURI-KANSAS CITY (UMKC) FOR USE IN ACCORDANCE WITH THE SELECTION CRITERIA AND PROCESS IDENTIFIED IN THE DONOR DOCUMENT BY WHICH FUNDS WERE RECEIVED. THE UMKC FOUNDATION MAINTAINS RECORDS TO SUBSTANTIATE THE AMOUNT OF THE GRANTS AWARDED, WHEREAS UMKC MONITORS THE USE OF FUNDS. NO GRANTS ARE MADE FOR USE OUTSIDE THE UNITED STATES. UMKC MONITORS THE SCHOLARSHIPS GRANTED TO STUDENTS. X X X false false false false false false false false false SHELLY DOUCET AVP & DIRECTOR OF DEVELOPMENT 132860 0 0 0 0 0 13300 0 20480 0 166640 0 AMANDA DAVIS PRESIDENT 52809 0 0 0 0 0 4333 0 6218 0 63360 0 SCHEDULE J PART II & FORM 990, PART VII, SECTION A, LINE 5 THE COMPENSATION REPORTED FOR AMANDA DAVIS IS PAID BY THE UNIVERSITY OF MISSOURI - KANSAS CITY, AN UNRELATED ORGANIZATION. X 8 307536 FAIR MARKET VALUE false true false SCHEDULE M, PART I, COLUMN B THE NUMBER IN THIS COLUMN REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART I, LINE 1 FOUNDATION) ACADEMIC PROGRAMS AND EDUCATIONAL OPPORTUNITIES THAT WILL ENHANCE UMKC OVER AND ABOVE THOSE WHICH ARE FUNDED WITH STATE SUPPORT, STUDENT FEES AND TUITION. FORM 990, PART III, LINE 1 ENHANCE UMKC OVER AND ABOVE THOSE WHICH ARE FUNDED WITH STATE SUPPORT, STUDENT FEES AND TUITION. FORM 990, PART III, LINE 4A THE UMKC FOUNDATION ("FOUNDATION") AND ITS EMPLOYEES HAVE THE PRIMARY RESPONSIBILITY FOR THE SOLICITATION OF CONTRIBUTIONS FROM PRIVATE SOURCES FOR THE SUPPORT OF UMKC. THE FOUNDATION SOLICITS CONTRIBUTIONS WHICH ARE MADE TO THE FOUNDATION AND HELD AND ADMINISTERED BY THE FOUNDATION FOR THE BENEFIT OF UMKC. THE FOUNDATION ALSO SOLICITS CONTRIBUTIONS WHICH ARE MADE DIRECTLY TO UMKC OR TO ONE OF ITS SCHOOLS OR SUPPORTING ORGANIZATIONS. THE FUNDRAISING EFFORTS OF THE FOUNDATION PRODUCED THE FOLLOWING RESULTS DURING THE YEAR ENDED JUNE 30, 2023: CONTRIBUTIONS AND COMMITMENTS FOR FUTURE CONTRIBUTIONS TO THE FOUNDATION AND UMKC (INCLUDING ITS SEVERAL SCHOOLS AND OTHER SUPPORTING ORGANIZATIONS) OF $40,792,819 AND PLANNED GIFT COMMITMENTS OF $3,286,000. FOR THE FISCAL YEAR ENDED JUNE 30, 2023, THE EFFORTS OF THE FOUNDATION HAVE PRODUCED PLEDGES AND PLANNED GIVING COMMITMENTS TOTALING $49,264,900 FOR THE YEARS ENDED JUNE 30, 2023, AND 2022. THE FOUNDATION MADE GRANTS FROM EARNINGS OF ITS ENDOWMENT FUNDS HELD BY THE FOUNDATION TO SUPPORT VARIOUS UMKC PROGRAMS IN THE AMOUNTS OF $28,985,460 AND $24,868,519, RESPECTIVELY. FORM 990, PART VI, SECTION A, LINE 7A THE PRESIDENT OF THE CURATORS OF THE UNIVERSITY OF MISSOURI SHALL BE ENTITLED TO APPOINT UP TO, BUT NOT MORE THAN, TWENTY PERCENT OF THE MEMBERS OF THE BOARD. THE PRESIDENT'S APPOINTMENTS WILL NOT INCLUDE MORE THAN TWO PERSONS WHO ARE EMPLOYEES OF THE UNIVERSITY. PRIOR TO MAKING SUCH APPOINTMENTS THE PRESIDENT SHALL CONSULT WITH THE NOMINATING COMMITTEE OF THE FOUNDATION REGARDING PERSONS BEING CONSIDERED BY THE PRESIDENT FOR APPOINTMENT TO THE BOARD. FORM 990, PART VI, SECTION A, LINE 7B THE BYLAWS MAY NOT BE AMENDED, WITHOUT THE APPROVAL OF THE UNIVERSITY OF MISSOURI, IN A MANNER WHICH WOULD (I) DIMINISH THE RIGHT OF THE UNIVERSITY OF MISSOURI PRESIDENT TO APPOINT VOTING MEMBERS OF THE BOARD OF DIRECTORS, (II) RESULT IN THE CHANCELLOR NOT BEING A DIRECTOR AND A MEMBER OF THE EXECUTIVE COMMITTEE OR (III) CHANGE THE SOLE PURPOSE OF THE FOUNDATION TO INCLUDE SOMETHING OTHER THAN THE SUPPORT OF UMKC. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT THIRD-PARTY ACCOUNTING FIRM. IT IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW AND RECOMMENDED REVISIONS BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS REVIEW THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS AND NOTATE IF THEY HAVE ANY CONFLICTS IN WRITTEN FORM. ANY BOARD MEMBER OR STAFF MEMBER IS EXPECTED TO RECUSE HIMSELF OR HERSELF FROM ANY FOUNDATION COMMITTEE OR PROCESS CONSIDERING ACTION IN WHICH HE OR SHE HAS A BUSINESS OR SIGNIFICANT FINANCIAL INTEREST. THE CHAIR AND PRESIDENT WILL REVIEW POTENTIAL CONFLICTS OF INTEREST AND RECOMMEND REMEDIAL ACTION. BOARD MEMBERS WITH A CONFLICT WILL BE REMOVED FROM THE VOTE ON THE POTENTIAL TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION OF THE PRESIDENT OF THE FOUNDATION WAS ESTABLISHED BY A WRITTEN EMPLOYMENT AGREEMENT WHICH WAS APPROVED BY THE BOARD OF DIRECTORS, ALL OF WHOM ARE INDEPENDENT PERSONS. THIS EMPLOYMENT AGREEMENT PROVIDES THAT THE PRESIDENT IS ELIGIBLE FOR A PERFORMANCE AWARD EACH YEAR, THE AMOUNT OF WHICH IS DETERMINED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9 CHANGE IN LIFE INSURANCE VALUE $ 15,707 INCOME FROM PARTNERSHIP $ (603) ----------- $ 15,104 FORM 990, PART XII, LINE 2C OVERSIGHT OF THE AUDIT, REVIEW, OR COMPILATION FOR FINANCIAL STATEMENTS: THE OVERSIGHT OF THE AUDIT, REVIEW, OR COMPILATION OF UMKC FOUNDATION'S FINANCIAL STATEMENTS IS THE RESPONSIBILITY OF THE AUDIT COMMITTEE AND THAT RESPONSIBILITY AND AUTHORITY HAS NOT CHANGED FROM THE PRIOR YEAR FORM 990. UMKC RESEARCH FOUNDATION 202 ADMIN CENTER 5115 OAK ST KANSAS CITY MO 64112 431397294 RESEARCH MO 501(C)(3) 7 UMKC FDN true false false false false false false false false false false false true false false true false false false false