Finnup Foundation
- Assets
- $28.4m
- Revenue
- $1.8m
- Investments
- $555.5k
- Employees
- 2
- Location
- Garden City, KS
- Founding
- 01/1978
- Data as of
- 12/2020
- EIN
- 48-0845233
Organization Overview
Finnup Foundation is located in Garden City, KS. The organization was established in 1978. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Finnup Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Finnup 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 12/2020, Finnup Foundation generated $1.8m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Finnup Foundation has awarded 230 individual grants totaling $5,552,662. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
WE ANNUALLY DISTRIBUTE 100% OF FUNDS IN EXCESS OF OUR TRUST PRINCIPAL TO CHARITABLE ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FINNUP FAMILY'S INTEREST IN FAMILIES, YOUTH, EDUCATION, AND CONSERVATION IS EXPRESSED THROUGH GIFTS TO MANY ORGANIZATIONS IN THE COMMUNITY. DURING 2021, THE FOUNDATION DISTRIBUTED $764,599 TO 30 CHARITABLE AND EDUCATIONAL ORGANIZATIONS IN KANSAS BASED ON DISTRIBUTABLE INCOME RESULTING FROM 2020 OPERATIONS. FOR 2022, THE FOUNDATION'S BOARD OF TRUSTEES HAS AUTHORIZED $1,277,248 IN SIMILAR DISTRIBUTIONS BASED ON THE RESULTS OF 2021 OPERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Caverly Hart Trustee | OfficerTrustee | 40 | $129,463 |
Lance Woodbury Trustee | OfficerTrustee | 4 | $25,000 |
John Pinegar Trustee | OfficerTrustee | 4 | $25,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $736,686 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $201,288 |
| Net Rental Income | $298,220 |
| Net Gain/Loss on Asset Sales | $442,595 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,795,129 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $75,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $160,598 |
| Pension plan accruals and contributions | $24,090 |
| Other employee benefits | $9,740 |
| Payroll taxes | $12,937 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,231 |
| Fees for services: Accounting | $13,408 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $110,096 |
| Fees for services: Other | $5,273 |
| Advertising and promotion | $0 |
| Office expenses | $6,236 |
| Information technology | $3,849 |
| Royalties | $0 |
| Occupancy | $100,703 |
| Travel | $688 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,625 |
| All other expenses | $0 |
| Total functional expenses | $1,296,524 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $400,162 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $122 |
| Investments—publicly traded securities | $22,776,858 |
| Investments—other securities | $555,534 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $28,403,625 |
| Accounts payable and accrued expenses | $5,696 |
| Grants payable | $764,599 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $247,180 |
| Total liabilities | $1,017,475 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $26,621,551 |
| Total liabilities and net assets/fund balances | $27,386,150 |
Grants Awarded
Over the last fiscal year, Finnup Foundation has awarded $760,399 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF GARDEN CITY PURPOSE: Park improvements and upkeep | $228,699 |
WASHBURN UNIVERSITY PURPOSE: Scholarships | $80,000 |
COMMUNITY CONGREGATIONAL CHURCH PURPOSE: Scholarships and Building Fund | $80,000 |
Garden City, KS PURPOSE: Program operating expenses | $30,000 |
Wichita, KS PURPOSE: Support for nutrition, parent education, classroom supplies and equipment | $30,000 |
Garden City, KS PURPOSE: Program support | $30,000 |
Endowment Analysis
| Beg. Balance | $27,386,150 |
| Earnings | $4,118,858 |
| Admin Expense | $585,921 |
| Grants | -$1,277,839 |
| Ending Balance | $29,641,248 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Paula And Rodger Riney Foundation St Louis, MO | $118,536,395 | $1,770,419 |
Brent Eley Center Inc Aurora, CO | $0 | $0 |
Boettcher Foundation Denver, CO | $266,743,315 | $22,782,794 |
The Piton Foundation Denver, CO | $212,611,882 | $13,782,087 |
Ssb Charitable Foundation Colorado Springs, CO | $10,867,168 | $21,135,487 |
Joseph W Craft Iii Foundation Tulsa, OK | $111,776,138 | $19,434,208 |
The Hagan Scholarship Foundation Columbia, MO | $259,194,852 | $64,132,818 |
The Cielo Foundation Boulder, CO | $91,518,762 | $7,665,188 |
Merle Chambers Fund Denver, CO | $66,462,880 | $7,349,081 |
Mutual Of Omaha Foundation Omaha, NE | $120,899,798 | $13,368,524 |
Claire M Hubbard Foundation Omaha, NE | $31,541,308 | $3,169,912 |
Maffei Foundation Denver, CO | $13,828,182 | $18,020,171 |