Greater Manhattan Community Foundation
- Assets
- $138.4m
- Revenue
- $66.8m
- Investments
- $0.0
- Employees
- 11
- Location
- Manhattan, KS
- Founding
- 08/1999
- Data as of
- 12/2021
- EIN
- 48-1215574
Organization Overview
Greater Manhattan Community Foundation is located in Manhattan, KS. The organization was established in 1999. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Greater Manhattan Community Foundation employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Manhattan Community 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, Greater Manhattan Community Foundation generated $66.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 34.0% each year . All expenses for the organization totaled $16.5m during the year ending 12/2021. While expenses have increased by 36.3% 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, Greater Manhattan Community Foundation has awarded 895 individual grants totaling $36,226,453. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
BUILDING RELATIONSHIPS BETWEEN DONORS AND COMMUNITY NEEDS
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, WE AWARDED MANHATTAN-AREA NONPROFIT ORGANIZATIONS A TOTAL OF $13.5 MILLION (INCLUSIVE OF GRANTS ISSUED FROM CUSTODIAL LIABILITY FUNDS) THROUGH OUR GRANT PROGRAMS AND SUPPORTING ORGANIZATIONS. IN ADDITION TO MANHATTAN, KANSAS, WE SERVED FOURTEEN OTHER COMMUNITIES AS PART OF OUR REGIONAL AFFILIATED PROGRAM, COORDINATING MATCH DAY EVENTS IN FIVE OF THEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vern Henricks President & CEO | Officer | 40 | $133,472 |
Therese Miller Chair | OfficerTrustee | 1 | $0 |
Bill Bahr Past Chair | OfficerTrustee | 1 | $0 |
Phil Howe Treasurer | OfficerTrustee | 1 | $0 |
Jackie Hartman Chair Elect | OfficerTrustee | 1 | $0 |
Dale Bradley Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,677,591 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $60,439,860 |
| Noncash contributions included in lines 1a–1f | $1,288,911 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $62,117,451 |
| Total Program Service Revenue | $674,335 |
| Investment income | $1,224,676 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,658,768 |
| Net Income from Fundraising Events | $69,817 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $66,806,194 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,197,985 |
| Grants and other assistance to domestic individuals. | $298,598 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $133,472 |
| Compensation of current officers, directors, key employees. | $80,083 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $301,964 |
| Pension plan accruals and contributions | $9,484 |
| Other employee benefits | $14,953 |
| Payroll taxes | $30,391 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,594 |
| Fees for services: Accounting | $13,072 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $124,979 |
| Fees for services: Other | $1,877,236 |
| Advertising and promotion | $66,665 |
| Office expenses | $286,373 |
| Information technology | $57,304 |
| Royalties | $0 |
| Occupancy | $71,847 |
| Travel | $4,873 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,444 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,159 |
| Insurance | $28,324 |
| All other expenses | $0 |
| Total functional expenses | $16,545,717 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,694,239 |
| Savings and temporary cash investments | $3,801,556 |
| 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 | $1,479 |
| Net Land, buildings, and equipment | $477,205 |
| Investments—publicly traded securities | $131,548,192 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $918,130 |
| Total assets | $138,440,801 |
| Accounts payable and accrued expenses | $16,780 |
| Grants payable | $67,575 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $8,922,624 |
| 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 | $146,338 |
| Total liabilities | $9,153,317 |
| Net assets without donor restrictions | $11,882,533 |
| Net assets with donor restrictions | $117,404,951 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $138,440,801 |
Grants Awarded
Over the last fiscal year, Greater Manhattan Community Foundation has awarded $11,563,418 in support to 222 organizations.
| Grant Recipient | Amount |
|---|---|
Manhattan, KS PURPOSE: GENERAL OPERATIONS | $2,700,000 |
Wamego, KS PURPOSE: LIBRARY EXPANSION & RENOVATION PROJECT | $844,332 |
Manhattan, KS PURPOSE: 2021 OPERATIONS GRANT | $725,000 |
Manhattan, KS PURPOSE: BUILDING DOWN PAYMENT | $700,000 |
Manhattan, KS PURPOSE: MARCHING BAND ATTN: SHEILA WALKER FUND #F33510 | $509,137 |
Sabetha, KS PURPOSE: FACILITIES IMPROVEMENT | $300,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Greater Manhattan Community Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Millennium Evergreen Charitable Fund Owings Mills, MD PURPOSE: GENERAL SUPPORT | $10,000 |
Endowment Analysis
| Beg. Balance | $46,371,403 |
| Earnings | $7,428,003 |
| Admin Expense | $742,843 |
| Net Contributions | $66,663,968 |
| Grants | $17,419,102 |
| Ending Balance | $102,301,429 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Omaha Community Foundation Donor Directed Depository Omaha, NE | $49,176,399 | $38,155,808 |
Nebraska Community Foundation Lincoln, NE | $227,749,373 | $20,781,363 |
Oklahoma City Community Foundation Inc Oklahoma City, OK | $855,000,248 | $159,496,642 |
Rose Community Foundation Denver, CO | $325,610,267 | $15,145,306 |
Lincoln Community Foundation Inc Lincoln, NE | $161,472,860 | $29,470,305 |
Community Foundation Of The Ozarks Inc Springfield, MO | $393,798,423 | $57,110,719 |
Aspen Community Foundation Basalt, CO | $62,511,754 | $28,301,426 |
Jewish Community Foundation Of Greater Kansas City Overland Park, KS | $291,884,746 | $15,071,209 |
Impact Charitable Denver, CO | $10,724,494 | $21,202,015 |
Greater Salina Community Foundation Salina, KS | $322,187,245 | $17,442,186 |
Greater Manhattan Community Foundation Manhattan, KS | $138,440,801 | $66,806,194 |
Jewishcolorado Denver, CO | $81,767,824 | $13,645,129 |