Koch Cultural Trust
- Assets
- $42.3k
- Revenue
- $125.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Wichita, KS
- Founding
- 02/1985
- Data as of
- 12/2022
- EIN
- 48-0989992
Organization Overview
Koch Cultural Trust is located in Wichita, KS. The organization was established in 1985. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Koch Cultural Trust 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 12/2022, Koch Cultural Trust generated $125.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $133.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Koch Cultural Trust has awarded 270 individual grants totaling $895,391. 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 |
|---|---|---|---|
Elizabeth B Koch Trustee | 1 | $0 | |
Howard Ellington Trustee | 1 | $0 | |
Kara Worthington Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $120,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,000 |
| Total Revenue | $125,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $2,537 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,972 |
| Total operating and administrative expenses | $7,659 |
| Contributions, gifts, grants paid | $126,040 |
| Total expenses and disbursements | $133,699 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,314 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $42,314 |
| Accounts payable and accrued expenses | $437 |
| Grants payable | $18,260 |
| 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 | $18,697 |
Grants Awarded
Over the last fiscal year, Koch Cultural Trust has awarded $130,040 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
CARPENTER PURPOSE: DANCE STUDY | $5,000 |
CALDERON PURPOSE: INSTRUMENTAL PURCHASE | $5,000 |
ROSADO PURPOSE: VOICE STUDY | $5,000 |
FRANK PURPOSE: MUSIC STUDY | $5,000 |
HAMMERSCHMIDT PURPOSE: ART STUDY | $5,000 |
STONE PURPOSE: ART STUDY | $5,000 |