Bruce V Drowns Educational Foundation
- Assets
- $1.2m
- Revenue
- $70.6k
- Investments
- $1.2m
- Employees
- 0
- Location
- Kansas City, MO
- Founding
- 04/1990
- Data as of
- 06/2022
- EIN
- 43-6371635
Organization Overview
Bruce V Drowns Educational Foundation is located in Kansas City, MO. The organization was established in 1990. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bruce V Drowns Educational 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 06/2022, Bruce V Drowns Educational Foundation generated $70.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (9.2%) each year. All expenses for the organization totaled $74.1k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Umb Bank Co-Trustee | 1 | $16,227 | |
Lynn Laipple Co-Trustee | 1 | $0 | |
Joseph Hendrix Co-Trustee | 1 | $0 | |
Dr Beery Johnson Co-Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6 |
| Dividends & Interest | $32,539 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $38,030 |
| Capital Gain Net Income | $38,030 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $70,575 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $16,227 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,269 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $292 |
| Total operating and administrative expenses | $20,588 |
| Contributions, gifts, grants paid | $53,500 |
| Total expenses and disbursements | $74,088 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $49,505 |
| 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 | $1,152,995 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,202,500 |
| 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, Bruce V Drowns Educational Foundation has awarded $53,500 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
MISSOURI WESTERN STATE UNIVERSITY PURPOSE: SCHOLARSHIPS | $27,000 |
Springfield, MO PURPOSE: SCHOLARSHIPS | $3,625 |
NORTHWEST MISSOURI STATE UNIVERSITY PURPOSE: SCHOLARSHIPS | $2,500 |
UNIVERSITY OF MISSOURI - COLUMBIA PURPOSE: SCHOLARSHIPS | $2,000 |
Parkville, MO PURPOSE: SCHOLARSHIPS | $2,000 |
Trenton, MO PURPOSE: SCHOLARSHIPS | $1,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Grinnell College Medical Benefit Plan Trust Agreement Grinnell, IA | $11,174,588 | $9,791,771 |
Blanche Ebert Seaver Trust For Frank R Seaver College Chicago, IL | $130,613,951 | $5,090,055 |
Auxiliary Services Foundation Memphis, TN | $24,476,321 | $9,276,607 |
William Rainey Harper College Educational Foundation Palatine, IL | $50,154,930 | $4,699,112 |
College Heights Foundation Inc Bowling Green, KY | $121,076,020 | $12,280,275 |
Northern Kentucky University Foundation Inc Highland Heights, KY | $152,385,239 | $8,696,843 |
Rochelle Zell Jewish High School Deerfield, IL | $17,970,776 | $8,473,073 |
Iowa State University Research Park Corp Ames, IA | $68,199,725 | $11,124,615 |
Pittsburg State University Foundation Inc Pittsburg, KS | $127,952,768 | $13,650,196 |
Western Kentucky University Foundation Bowling Green, KY | $138,269,164 | $12,431,849 |
East Tennessee State University Foundation Johnson City, TN | $138,793,222 | $16,207,692 |
University Of Central Missouri Foundation Warrensburg, MO | $77,602,876 | $17,903,644 |