Koch Family Foundation
- Assets
- $20.8m
- Revenue
- $708.4k
- Investments
- $20.6m
- Employees
- 0
- Location
- Wichita, KS
- Founding
- 02/1955
- Data as of
- 12/2021
- EIN
- 48-6113560
Organization Overview
Koch Family Foundation is located in Wichita, KS. The organization was established in 1955. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Koch Family 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, Koch Family Foundation generated $708.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Koch Family Foundation has awarded 1,974 individual grants totaling $39,257,169. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
SCHOLARSHIP AWARDS: 320 INDIVIDUALS ENROLLED IN A COLLEGE, UNIVERSITY, OR NONPROFIT TRADE SCHOOL AS A FULL-TIME STUDENT IN THE U.S. OR CANADA WERE AWARDED SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip Ellender Director | 1 | $0 | |
Charles G Koch Director | 1 | $0 | |
Kara Worthington Treasurer | 1 | $0 | |
Meredith Olson President/director | 5 | $0 | |
Elizabeth B Koch Chairman/director | 1 | $0 | |
Laura Hands Vice President/secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $644,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$9,422 |
| Capital Gain Net Income | $1,849,365 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $73,806 |
| Total Revenue | $708,384 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $129,720 |
| Pension plans, employee benefits | $10,008 |
| Interest | $0 |
| Taxes | $137,255 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,153 |
| Total operating and administrative expenses | $306,102 |
| Contributions, gifts, grants paid | $1,649,001 |
| Total expenses and disbursements | $1,955,103 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $239,941 |
| Net Accounts receivable | $2,001 |
| 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 | $20,591,201 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $20,833,143 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $18,000 |
| 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 | $18,000 |
Grants Awarded
Over the last fiscal year, Koch Family Foundation has awarded $2,257,001 in support to 355 organizations.
| Grant Recipient | Amount |
|---|---|
WICHITA STATE UNIVERSITY PURPOSE: EDUCATIONAL SUPPORT | $600,000 |
YOUTH ENTREPRENEURS INC DBA EMPOWERED PURPOSE: 21-22 ACADEMIC YEAR SUPPORT | $500,000 |
Wichita, KS PURPOSE: 2021 GENERAL SUPPORT | $110,000 |
Wichita, KS PURPOSE: 2021 GENERAL SUPPORT | $109,751 |
Wichita, KS PURPOSE: NATIONAL EXHIBITS | $75,000 |
New York, NY PURPOSE: 21-22 KANSAS EDUCATION PROGRAMS | $70,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nebraska Student Loan Program Inc Lincoln, NE | $230,624,169 | $45,453,979 |
Kansas City Scholars Inc Kansas City, MO | $5,810,030 | $12,156,402 |
Scholarship Foundation Of St Louis St Louis, MO | $49,025,721 | $11,563,775 |
Western Union Foundation Inc Denver, CO | $4,087,172 | $7,099,166 |
Foundation For Educational Funding Lincoln, NE | $161,530,703 | $9,132,107 |
Prosperity Denver Fund Denver, CO | $29,340,017 | $14,622,453 |
Reisher Family Foundation Lakewood, CO | $521,642,537 | $444,544,338 |
Papillion Lavista Schools Foundation Papillion, NE | $9,484,528 | $7,053,869 |
Colorado Restaurant Association Education Fund Denver, CO | $2,210,454 | $2,452,590 |
Horizon Academy Roeland Park, KS | $4,054,986 | $3,713,037 |
Opportunity Scholarship Fund Tulsa, OK | $5,174,750 | $3,830,206 |
The Hawks Foundation Omaha, NE | $219,357,783 | $65,081,612 |