Volland Foundation Inc
- Assets
- $1.0m
- Revenue
- $286.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Mission Hills, KS
- Founding
- Data as of
- 12/2023
- EIN
- 82-3782472
Organization Overview
Volland Foundation Inc is located in Mission Hills, KS. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Volland Foundation Inc 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 12/2023, Volland Foundation Inc generated $286.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 22.8% each year . All expenses for the organization totaled $275.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE VOLLAND FOUNDATION SERVES AS THE ANCHOR FOR ART EXHIBITIONS, COMMUNITY PROGRAMMING, AND ARTIST RESIDENCIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Reece Director, President, Treasurer | 5 | $0 | |
Jerry Reece Vice President, Secretary | 1 | $0 | |
Betsey Solberg Board Member | 0 | $0 | |
George Terbovich Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $274,301 |
| Interest on Savings | $30 |
| Dividends & Interest | $0 |
| Net Rental Income | $4,221 |
| 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 | $0 |
| Total Revenue | $286,013 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $64,102 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,262 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $160,141 |
| Total operating and administrative expenses | $269,925 |
| Contributions, gifts, grants paid | $5,125 |
| Total expenses and disbursements | $275,050 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,651 |
| 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 | $2,809 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $923,254 |
| Other assets | $3,000 |
| Total assets | $1,015,714 |
| Accounts payable and accrued expenses | $1,177 |
| 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 | $100 |
| Total liabilities | $1,277 |
Grants Awarded
Over the last fiscal year, Volland Foundation Inc has awarded $5,125 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
PAIGE KAPTUCH PURPOSE: RECIPIENT OF VOLLAND RESIDENCY GRANT. | $250 |
DANIELLE FAUTH PURPOSE: RECIPIENT OF VOLLAND RESIDENCY GRANT. | $250 |
STEPHANIE ZELNICK PURPOSE: RECIPIENT OF VOLLAND RESIDENCY GRANT. | $250 |
JESSICA MATIER PURPOSE: RECIPIENT OF VOLLAND RESIDENCY GRANT. | $250 |
PHILIP HEYING PURPOSE: RECIPIENT OF VOLLAND RESIDENCY GRANT. | $1,000 |
BETHANY ENGSTRAM PURPOSE: RECIPIENT OF VOLLAND RESIDENCY GRANT. | $250 |