George K Baum Family Foundation
- Assets
- $32.1m
- Revenue
- $2.7m
- Investments
- $30.2m
- Employees
- 0
- Location
- Kansas City, MO
- Founding
- 07/2014
- Data as of
- 12/2021
- EIN
- 35-2481660
Organization Overview
George K Baum Family Foundation is located in Kansas City, MO. The organization was established in 2014. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. George K Baum Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, George K Baum Family Foundation generated $2.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. While expenses have increased by 9.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, George K Baum Family Foundation has awarded 204 individual grants totaling $14,744,329. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Kaufmann Baum Trustee | 1 | $0 | |
Bruce C Davison Trustee | 1 | $0 | |
Sarah Baum Trustee | 1 | $0 | |
Lisa Klein Trustee | 1 | $0 | |
Janice C Kreamer Trustee | 1 | $0 | |
Jonathan E Baum Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $205 |
| Dividends & Interest | $650,202 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $667,448 |
| Capital Gain Net Income | $667,448 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,418,185 |
| Total Revenue | $2,736,040 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $202,703 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $408,734 |
| Contributions, gifts, grants paid | $1,547,772 |
| Total expenses and disbursements | $1,956,506 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,949,632 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,842,747 |
| Total assets | $32,083,871 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, George K Baum Family Foundation has awarded $2,689,772 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
Kansas City, MO PURPOSE: SOCIETAL BENEFIT | $425,000 |
Kansas City, MO PURPOSE: SOCIETAL BENEFIT | $267,000 |
KC PUBLIC SCHOOLS EDUCATIONAL FOUNDATION PURPOSE: EDUCATIONAL | $244,772 |
Kansas City, MO PURPOSE: SOCIETAL BENEFIT | $200,000 |
Kansas City, MO PURPOSE: EDUCATIONAL | $200,000 |
Kansas City, MO PURPOSE: SOCIAL BENEFIT | $155,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
Ed Uihlein Family Foundation Lake Forest, IL | $7,123,989 | $4,757,675 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
Joseph L & Sarah S Marcum Foundation Chicago, IL | $0 | $6,419,437 |
A Earl & Frances E Ziegler Foundation Norman, OK | $1,886,858 | $25,634,422 |
Kraft Heinz Company Foundation Chicago, IL | $398,764 | $8,002,636 |
State Farm Companies Foundation Bloomington, IL | $9,666,483 | $1,134 |
Bayer Fund St Louis, MO | $65,640,119 | $9,167,249 |
Marie C & Joseph C Wilson Foundation Chicago, IL | $0 | $53,412 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
Alphawood Foundation Chicago, IL | $96,386,448 | $15,256,055 |
Steans Family Foundation Chicago, IL | $0 | $20,140,801 |