Bruce V Drowns Educational Foundation
- Assets
- $1.1m
- Revenue
- $13.4k
- Investments
- $1.1m
- Employees
- 0
- Location
- Kansas City, MO
- Founding
- 04/1990
- Data as of
- 06/2023
- 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 06/2023, Bruce V Drowns Educational Foundation generated $13.4k 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 (53.9%) each year. All expenses for the organization totaled $78.6k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Bruce V Drowns Educational Foundation has awarded 55 individual grants totaling $157,866. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Umb Bank Co-Trustee | 1 | $14,430 | |
Dr Beery Johnson Co-Trustee | 1 | $0 | |
Joseph Hendrix Co-Trustee | 1 | $0 | |
Sara Nicholson Co-Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $28,994 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$15,671 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $62 |
| Total Revenue | $13,385 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $14,430 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $399 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $294 |
| Total operating and administrative expenses | $15,923 |
| Contributions, gifts, grants paid | $62,666 |
| Total expenses and disbursements | $78,589 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $41,451 |
| 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 | $1,100,707 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,142,158 |
| 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 $62,666 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
MISSOURI WESTERN STATE UNIVERSITY PURPOSE: SCHOLARSHIPS | $20,722 |
MISSOURI STATE UNIVERSITY PURPOSE: SCHOLARSHIPS | $7,868 |
UNIVERSITY OF MISSOURI - COLUMBIA PURPOSE: SCHOLARSHIPS | $1,868 |
DRURY UNIVERSITY PURPOSE: SCHOLARSHIPS | $2,618 |
NORTHWEST MISSOURI STATE UNIVERSITY PURPOSE: SCHOLARSHIPS | $8,479 |
NORTH CENTRAL MISSOURI COLLEGE PURPOSE: SCHOLARSHIPS | $2,375 |