2022-07-06T12:46:45-05:00 2020-06-30 FORVIS LLP 1201 Walnut Suite 1700 Kansas City MO 641062246 990 2019-07-01 260840496 UMKC FOUNDATION % LISA BARONIO UMKC 8162352672 5115 OAK STREET 202 ADMIN CENTER KANSAS CITY MO 64112 JERRY REECE CHAIR 2022-06-19 true April Arnold CPA P01559426 8162216300 2019 2022-09-23 18:48:47Z X X JERRY REECE 5115 OAK STREET 202 ADMIN CENTER KANSAS CITY MO 64112 48567128 false X WWW.UMKCFOUNDATION.ORG X 2007 MO UMKC FOUNDATION'S SOLE PURPOSE IS TO BENEFIT THE UNIVERSITY OF MISSOURI - KANSAS CITY (UMKC) BY SUPPORTING (THROUGH FUNDS RAISED, HELD AND ADMINISTERED BY THE (SEE SCHEDULE O) 14 14 17 14 0 1546620 38026616 3030761 2615388 1543404 1489393 0 132094 6120785 42263491 1748171 14678422 0 0 2478490 1989144 262852 254190 1023280 623143 3556823 5112656 20478579 1008129 21784912 45957937 78190837 476050 1838147 45481887 76352690 X UMKC FOUNDATIONS SOLE PURPOSE IS TO BENEFIT THE UNIVERSITY OF MISSOURI - KANSAS CITY (UMKC) BY SUPPORTING (THROUGH FUNDS RAISED, HELD AND ADMINISTERED BY THE FOUNDATION) ACADEMIC PROGRAMS AND EDUCATIONAL OPPORTUNITIES THAT WILL (SEE SCHEDULE O) false false 15389432 14678422 2615388 SEE SCHEDULE O 15389432 true true false false false false false true false true false true false false false true false true false false true false false true false false false true true true false false false false false false false false true false false false false true true false false false true 3 0 true 17 true false false false false false false false false false false false false X 14 14 false false false false false true true true true false false true true true true true true true false false MO X X LISA BARONIO 8162355778 5115 OAK STREET 202 ADMIN CENTER KANSAS CITY MO 64112 JAY MARSH WILSON ASSISTANT VICE PRESIDENT 40.0 1.0 X 180746 0 22628 JEFFREY C CHAPMAN ASSISTANT VICE PRESIDENT 40.0 0.0 X 147769 0 18011 JENNIFER M INGRAHAM ASSISTANT VICE PRESIDENT 40.0 0.0 X 147169 0 17003 LISA B BARONIO PRESIDENT 40.0 1.0 X 140584 0 17555 HILARY PEKNIK DIRECTOR OF MAJOR GIFTS 40.0 0.0 X 102005 0 13842 THOMAS M BLOCH PAST CHAIR 2.0 0.0 X X 0 0 0 KENT W SUNDERLAND CHAIR 3.0 0.0 X X 0 0 0 ROBERT D REGNIER SECRETARY 2.0 0.0 X X 0 0 0 KEVIN E BRYANT TREASURER 2.0 0.0 X X 0 0 0 TERRENCE P DUNN EMERITUS DIRECTOR 1.0 0.0 X 0 0 0 WARREN K ERDMAN DIRECTOR 1.0 0.0 X 0 0 0 GARY D FORSEE EMERITUS DIRECTOR 1.0 0.0 X 0 0 0 JAMES A POLSINELLI DIRECTOR 1.0 0.0 X 0 0 0 RYAN D RAPP DIRECTOR 1.0 0.0 X 0 0 0 JERRY D REECE VICE CHAIR 2.0 0.0 X X 0 0 0 NELSON R SABATES MD DIRECTOR 1.0 1.0 X 0 0 0 MARNY D SHERMAN DIRECTOR 1.0 0.0 X 0 0 0 L JOSHUA SOSLAND DIRECTOR 1.0 0.0 X 0 0 0 FRANK J WEWERS DIRECTOR 1.0 0.0 X 0 0 0 C MAULI AGRAWAL PHD CHANCELLOR 2.0 0.0 X X 0 0 0 ALAN L ATTERBURY EMERITUS DIRECTOR 1.0 0.0 X 0 0 0 G KENNETH BAUM EMERITUS DIRECTOR 1.0 0.0 X 0 0 0 THOMAS D HYDE EMERITUS DIRECTOR 1.0 0.0 X 0 0 0 NATALIE NIKKI KRAWITZ EMERITA DIRECTOR 1.0 0.0 X 0 0 0 LEO E MORTON EMERITUS DIRECTOR 1.0 0.0 X 0 0 0 JOHN J SHERMAN EMERITUS DIRECTOR 1.0 0.0 X 0 0 0 ELIZABETH T SOLBERG EMERITA DIRECTOR 1.0 0.0 X 0 0 0 CHARLES S SOSLAND EMERITUS DIRECTOR 1.0 0.0 X 0 0 0 R WAYNE THOMPSON DDS EMERITUS DIRECTOR 1.0 0.0 X 0 0 0 DARCY A HOWE TREASURER 2.0 0.0 X X 0 0 0 JAMES D RINE DIRECTOR 1.0 0.0 X 0 0 0 718273 0 89039 5 false true true RUFFALO NOEL LEVITZ LLC PO BOX 718 DES MOINES IA 50303 CALL CENTER 171470 1 38026616 887350 38026616 UMKC Contract Revenue 561499 565246 565246 UMKC SUPPORT 561499 1517725 1517725 MANAGEMENT FEE ON ENDOWED GIFTS 561499 532417 532417 2615388 1006692 1006692 0 0 0 0 0 6786338 6303637 482701 482701 482701 0 0 0 0 0 0 0 0 0 OTHER INCOME 900099 132094 132094 132094 42263491 2615388 1621487 14581079 14581079 97343 97343 0 0 369248 121852 121852 125544 0 1330606 439100 439100 452406 54158 17872 17872 18414 145970 48170 48170 49630 89162 29423 29423 30316 0 112492 112492 66493 66493 0 254190 254190 135002 135002 13040 4564 8476 48601 16038 16038 16525 112541 37140 38264 37138 0 0 0 32397 16199 16198 0 13920 13920 0 0 0 7520 3760 3760 Bad Debt Expense 2919428 2919428 GKCCF CONTRACT FEES 74880 74880 Publications 9227 9227 Organizational Memberships 5969 5969 5313 1415 2441 1456 20478579 15389432 4065867 1023280 1038473 3416125 0 224312 94222 26660641 524597 1348150 0 0 0 0 0 0 0 0 18511 22400 0 0 33382141 35146975 10889393 11361634 0 0 0 0 10600 10600 45957937 78190837 476050 1251863 0 318684 0 0 0 0 0 0 0 0 0 0 0 267600 0 0 476050 1838147 X 1051032 -1396016 44430855 77748706 45481887 76352690 45957937 78190837 X 21784912 -1520665 10588735 17821 X false true X true false X 10035925 7016939 9365471 1772220 38026616 66217171 0 0 10035925 7016939 9365471 1772220 38026616 66217171 38597109 27620062 805914 167518 833734 950523 1006692 3764381 0 132094 132094 70113646 16576438 0.39393 0.52853 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X false 44430855 3833730 -371910 1752950 8792 521301 45609632 43438208 1328240 2059761 1748171 255523 391660 44430855 41704013 1658253 3111331 1748100 -876543 2163832 43438208 42412600 892476 3642232 4592130 253364 397801 41704013 40649424 3667384 -422395 1494212 -251424 239025 42412600 0.89800 0.10200 false false OTHER SECURITIES 11361634 F 11361634 0 0 X 41358079 -1520665 689342 60913 -770410 42128489 135002 135002 42263491 21339507 689342 306588 995930 20343577 135002 135002 20478579 SCHEDULE D, PART V, LINE 4 The UMKC Foundation is a separate, but affiliated, enterprise devoted to raising funds for the benefit of the University of Missouri- Kansas City, while exercising fiduciary responsibility over philanthropic investments made to the university. The UMKC Foundations endowment pool is essential to sustaining academic excellence, as it provides a steady source of income to support student scholarships, professorships, program support, research, and other learning opportunities at the University of Missouri- Kansas City, even in the midst of budget fluctuations and the economy as a whole. The endowment pool contains various gifts, bequests, and other funds to be held in perpetuity, and allow the university to utilize the income in conformance with donor stipulations. SCHEDULE D, PART X, LINE 2 MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. SCHEDULE D, PART XI, LINE 2D REVENUE FROM UMKC RESEARCH FOUNDATION $ 58,821 CHANGE IN LIFE INSURANCE $ 2,296 ----------- $ 60,913 SCHEDULE D, PART XII, LINE 2D EXPENSES FROM UMKC RESEARCH FOUNDATION $ 306,588 Central America and the Caribbean Investments 8546445 8546445 8546445 true false true true false false X X X X X true RUFALLO NOEL LEVITZ LLC 1025 KIRKWOOD PARKWAY SW CEDAR RAPIDS IA 52404 CONSULTING false 41679 222581 0 41679 222581 0 MO false UNIVERSITY OF MISSOURI - KANSAS CITY 5100 ROCKHILL ROAD KANSAS CITY MO 64110 436003859 501(C)(3) 14133405 FUNDING FOR ENDOWED SCHOLARSHIPS/CHAIRS/PROGR FELLOWS AND SCHOLARS PROGRAM. DIASTOLE-HOSPITAL HILL INCORPORATED 2501 HOLMES KANSAS CITY MO 64108 431213056 501(C)(3) 207651 MAINTENANCE AND OPERATING OF SCHOLARS' CENTER 2 SCHOLARSHIPS 84 97343 SCHEDULE I, PART I, LINE 2 GRANTS ARE PROVIDED TO THE UNIVERSITY OF MISSOURI-KANSAS CITY (UMKC) FOR USE IN ACCORDANCE WITH THE SELECTION CRITERIA AND PROCESS IDENTIFIED IN THE DONOR DOCUMENT BY WHICH FUNDS WERE RECEIVED. THE UMKC FOUNDATION MAINTAINS RECORDS TO SUBSTANTIATE THE AMOUNT OF THE GRANTS AWARDED, WHEREAS UMKC MONITORS THE USE OF FUNDS. NO GRANTS ARE MADE FOR USE OUTSIDE THE UNITED STATES. UMKC MONITORS THE SCHOLARSHIPS GRANTED TO STUDENTS. X X X false false false false false false false false false LISA B BARONIO PRESIDENT 140584 0 0 0 0 0 3125 0 14430 0 158139 0 0 0 JAY MARSH WILSON ASSISTANT VICE PRESIDENT 144096 0 36650 0 0 0 11223 0 11405 0 203374 0 0 0 JEFFREY C CHAPMAN ASSISTANT VICE PRESIDENT 128769 0 19000 0 0 0 9803 0 8208 0 165780 0 0 0 JENNIFER M INGRAHAM ASSISTANT VICE PRESIDENT 130919 0 16250 0 0 0 17003 0 0 0 164172 0 0 0 SCHEDULE J PART II & FORM 990, PART VII, SECTION A, LINE 5 THE COMPENSATION REPORTED FOR LISA BARONIO IS PAID BY THE UNIVERSITY OF MISSOURI - KANSAS CITY, AN UNRELATED ORGANIZATION. X 2 67370 FORMAL APPRAISAL X 1 INTERNAL VALUATION X 8 759262 FAIR MARKET VALUE X LIFE INSURANCE POLICY 1 60717 FAIR MARKET VALUE 1 false true false FORM 990, PART I, LINE 1 FOUNDATION) ACADEMIC PROGRAMS AND EDUCATIONAL OPPORTUNITIES THAT WILL ENHANCE UMKC OVER AND ABOVE THOSE WHICH ARE FUNDED WITH STATE SUPPORT, STUDENT FEES AND TUITION. FORM 990, PART III, LINE 1 ENHANCE UMKC OVER AND ABOVE THOSE WHICH ARE FUNDED WITH STATE SUPPORT, STUDENT FEES AND TUITION. FORM 990, PART III, LINE 4A THE UMKC FOUNDATION ("FOUNDATION") AND ITS EMPLOYEES HAVE THE PRIMARY RESPONSIBILITY FOR THE SOLICITATION OF CONTRIBUTIONS FROM PRIVATE SOURCES FOR THE SUPPORT OF UMKC. THE FOUNDATION SOLICITS CONTRIBUTIONS WHICH ARE MADE TO THE FOUNDATION AND HELD AND ADMINISTERED BY THE FOUNDATION FOR THE BENEFIT OF UMKC. THE FOUNDATION ALSO SOLICITS CONTRIBUTIONS WHICH ARE MADE DIRECTLY TO UMKC OR TO ONE OF ITS SCHOOLS OR OTHER SUPPORTING ORGANIZATIONS. THE FUNDRAISING EFFORTS OF THE FOUNDATION PRODUCED THE FOLLOWING RESULTS DURING THE YEAR ENDED JUNE 30, 2020: CONTRIBUTIONS AND COMMITMENTS FOR FUTURE CONTRIBUTIONS TO THE FOUNDATION OF $40,452,247, CONTRIBUTIONS AND COMMITMENTS FOR FUTURE CONTRIBUTIONS TO UMKC (INCLUDING ITS SEVERAL SCHOOLS AND OTHER SUPPORTING ORGANIZATIONS) OF $3,396,395 AND PLANNED GIFT COMMITMENTS OF $282,507. FOR THE FISCAL YEAR ENDED JUNE 30, 2020 THE EFFORTS OF THE FOUNDATION HAVE PRODUCED PLEDGES AND PLANNED GIVING COMMITMENTS TOTALING $44,131,149 PLUS OUTRIGHT GIFTS OF $15,026,460 RESULTING IN A NET PRODUCTION FUNDRAISING TOTAL OF $59,157,609. FOR THE YEARS ENDED JUNE 30, 2020 AND 2019, THE FOUNDATION MADE GRANTS FROM EARNINGS OF ITS ENDOWMENT FUNDS HELD BY THE FOUNDATION TO SUPPORT VARIOUS UMKC PROGRAMS IN THE AMOUNTS OF $13,299,178 AND $1,748,171, RESPECTIVELY. FORM 990, PART VI, SECTION A, LINE 7A THE PRESIDENT OF THE CURATORS OF THE UNIVERSITY OF MISSOURI SHALL BE ENTITLED TO APPOINT UP TO, BUT NOT MORE THAN, TWENTY PERCENT OF THE MEMBERS OF THE BOARD. THE PRESIDENTS APPOINTMENTS WILL NOT INCLUDE MORE THAN TWO PERSONS WHO ARE EMPLOYEES OF THE UNIVERSITY. PRIOR TO MAKING SUCH APPOINTMENTS THE PRESIDENT SHALL CONSULT WITH THE NOMINATING COMMITTEE OF THE FOUNDATION REGARDING PERSONS BEING CONSIDERED BY THE PRESIDENT FOR APPOINTMENT TO THE BOARD. FORM 990, PART VI, SECTION A, LINE 7B The Bylaws may not be amended, without the approval of the University of Missouri, in a manner which would (i) diminish the right of the University of Missouri President to appoint voting members of the Board of Directors, (ii) result in the Chancellor not being a Director and a member of the Executive Committee or (iii) change the sole purpose of the Foundation to include something other than the support of UMKC. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT THIRD PARTY ACCOUNTING FIRM. IT IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW AND RECOMMENDED REVISIONS BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS REVIEW THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS AND NOTATE IF THEY HAVE ANY CONFLICTS IN WRITTEN FORM. ANY BOARD MEMBER OR STAFF MEMBER IS EXPECTED TO RECUES HIMSELF OR HERSELF FROM ANY FOUNDATION COMMITTEE OR PROCESS CONSIDERING ACTION IN WHICH HE OR SHE HAS A BUSINESS OR SIGNIFICANT FINANCIAL INTEREST. THE CHAIR AND PRESIDENT WILL REVIEW POTENTIAL CONFLICTS OF INTEREST AND RECOMMEND REMEDIAL ACTION. BOARD MEMBERS WITH A CONFLICT WILL BE REMOVED FROM THE VOTE ON THE POTENTIAL TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION OF THE PRESIDENT OF THE FOUNDATION WAS ESTABLISHED BY A WRITTEN EMPLOYMENT AGREEMENT WHICH WAS APPROVED BY THE BOARD OF DIRECTORS, ALL OF WHOM ARE INDEPENDENT PERSONS. THIS EMPLOYMENT AGREEMENT PROVIDES THAT THE PRESIDENT IS ELIGIBLE FOR A PERFORMANCE AWARD EACH YEAR, THE AMOUNT OF WHICH IS DETERMINED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9 NET TRANSFER FROM (TO) UMKC ENTITIES $ 15,525 CHANGE IN LIFE INSURANCE VALUE $ 2,296 ----------- $ 17,821 FORM 990, PART XII, LINE 2C OVERSIGHT OF THE AUDIT, REVIEW, OR COMPILATION FOR FINANCIAL STATEMENTS: THE OVERSIGHT OF THE AUDIT, REVIEW, OR COMPILATION OF UMKC FOUNDATION'S FINANCIAL STATEMENTS IS THE RESPONSIBILITY OF THE AUDIT COMMITTEE AND THAT RESPONSIBILITY AND AUTHORITY HAS NOT CHANGED FROM THE PRIOR YEAR FORM 990. Amended Return THE RETURN WAS UPDATED TO REFLECT ADJUSTMENTS MADE TO THE FINANCIAL STATEMENTS. THE FOLLOWING ITEMS WERE CHANGED ON THE RETURN: FORM 990, PART VIII: THE AMOUNT OF CONTRIBUTIONS ON LINE 1F CHANGED. FORM 990, PART IX: THE AMOUNT OF GRANTS GIVEN ON LINE 1 CHANGED AND THE BAD DEBT EXPENSE ON LINE 24A CHANGED. FORM 990, PART X: THE END OF YEAR BALANCE FOR PLEDGES RECEIVABLE, GRANTS PAYABLE, AND THE NET ASSET BALANCES CHANGED. FORM 990, PART XI: UPDATED TO REFLECT ADJUSTMENTS MADE TO THE FINANCIAL STATEMENTS. SCHEDULE A, PART II: UPDATED TO REFLECT ADJUSTMENTS MADE TO THE FINANCIAL STATEMENTS. SCHEDULE D PART XI AND XII: THE AMOUNT OF REVENUE AND EXPENSES PER THE AUDIT REPORT WAS UPDATED TO REFLECT ADJUSTMENTS MADE TO THE FINANCIAL STATEMENTS. SCHEDULE I: THE GRANT AMOUNT TO THE UNIVERSITY OF MISSOURI-KANSAS CITY CHANGED. UMKC RESEARCH FOUNDATION 202 ADMIN CENTER 5115 OAK ST KANSAS CITY MO 64112 431397294 RESEARCH MO 501(C)(3) 7 UMKC FDN true false false false false false false false false false false false true false false true false false false false