Real Estate Charitable Foundation
A SUPPORTING ORGANIZATION OF THE GREATER KANSAS CITY COMMUNITY FOUNDATION, ESTABLISHED TO FACILITATE AND ACCEPT DONORS' CHARITABLE GIFTS OF REAL PROPERTY.
IRS Tax Year 2024
Period ending December 31, 2024
Total Revenue
$294K
Total Expenses
$3.4M
Net Assets
$33.5M
Employees
0
Volunteers
4
Grants Paid
$1.6M
Program Expense Ratio
99.8%
This nonprofit profile presents IRS Form 990 tax filing data for Real Estate Charitable Foundation (EIN: 43-1912033), based on the 2024 tax year annual return filed with the Internal Revenue Service.
Sections below include financial summaries (revenue, expenses, and net assets), program accomplishments, officer and key employee compensation, detailed executive pay breakdowns, governance policies and audit information, related tax-exempt organizations. All figures are reported in USD as filed.
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Financial Health
Transparency
Compensation
Program Effectiveness
Financial Stability
Risk Flags
Indicators derived from IRS Form 990 data. Not financial advice.
Real Estate Charitable Foundation is a 501(c)(3) nonprofit headquartered in KANSAS CITY, MO, founded in 2004. The organization has held tax-exempt status since 2001. In its 2024 filing, the organization reported $294K in total revenue, a 131.7% increase from the prior year, and $3.4M in total expenses. The organization engaged 4 volunteers. KATIE GRAY, EXECUTIVE DIRECTOR, is the highest-compensated individual at $336,052. The organization runs 2 programs, totaling $3.4M in program expenses. 4 of 6 recommended governance policies are in place.
Real Estate Charitable Foundation is classified under NTEE code T113. Its foundation type is 17.
Programs(Tax Year 2024)
2 records
Real Estate Charitable Foundation operates 2 programs, with total program expenses of $3.4M. Real Estate Charitable Foundation's largest program accounts for 51% of total program spending.
THE REAL ESTATE CHARITABLE FOUNDATION PROVIDES THE BUILDING AND INFRASTRUCTURE FOR A CHARTER SCHOOL. THE CHARTER SCHOOL PROVIDES K-12 EDUCATION TO UNDER-SERVED POPULATIONS IN THE METRO KANSAS CITY AREA.
THE REAL ESTATE CHARITABLE FOUNDATION MAKES IT EASY FOR DONORS TO MAKE CHARITABLE GIFTS OF REAL PROPERTY BY EVALUATING, MARKETING AND SELLING PROPERTY FOR CHARITABLE PURPOSES. SALE PROCEEDS ARE DEPOSITED INTO A CHARITABLE FUND AT THE GREATER KANSAS CITY COMMUNITY FOUNDATION, AND DONORS THEN GRANT THE PROCEEDS TO NONPROFIT ORGANIZATIONS.
Financial Overview(Tax Years 2019–2024)
6 records
Over the past 6 years, Real Estate Charitable Foundation's revenue has declined from $510K to $294K, a 42.3% decrease. Program expenses represent 100% of total spending.
Revenue increased 131.7% year-over-year, while expenses grew 76.3%. net assets fell to $33.5M, down 8.5% from the prior year.
Real Estate Charitable Foundation derives 100% from program services, with 0% from investment income.
Revenue is heavily concentrated: 100% comes from program service revenue, indicating limited diversification.
Real Estate Charitable Foundation allocates 100% to programs, 0% to management and general.
Revenue grew by 131.7% while expenses grew by only 76.3%, suggesting improving operational efficiency.
Real Estate Charitable Foundation distributed $1.6M in grants to other organizations and individuals, representing 48% of total expenses.
Over 6 filings from 2019–2024, Real Estate Charitable Foundation declined revenue from $510K to $294K (-42.3%) while maintaining a program expense ratio of 100%.
Real Estate Charitable Foundation holds $34.3M in total assets against $774K in liabilities (debt-to-asset ratio of 2%). The organization has 118.1 months of operating reserves. Cash and equivalents of $80 cover approximately 0.0 months of expenses.
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2024 | $294K | $0 | $0 | $293K | $959 |
| 2023 | $-929K | $0 | $0 | $293K | $-1.2M |
| 2022 | $309K | $0 | $0 | $492K | $-183K |
| 2021 | $8.0M | $7.4M | $0 | $679K | $0 |
| 2020 | $4.2M | $4.1M | $0 | $306K | $-227K |
| 2019 | $510K | $95K | $0 | $309K | $106K |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2024 | $3.4M | $3.4M | $7K | $0 | $1.6M |
| 2023 | $1.9M | $1.9M | $23K | $0 | $122K |
| 2022 | $8.6M | $8.6M | $30K | $0 | $6.6M |
| 2021 | $2.5M | $2.5M | $51K | $0 | $35K |
| 2020 | $3.2M | $3.2M | $12K | $0 | $1.4M |
| 2019 | $13.2M | $13.2M | $16K | $0 | $11.0M |
Program Expense Ratio
99.8%
Admin Expense Ratio
0.2%
Fundraising Efficiency
—
Operating Reserve
118.1 mo
People & Compensation(Tax Year 2024)
6 records
Real Estate Charitable Foundation reported compensation for 6 officers and key employees. Total officer compensation was $627K, representing 18.4% of total expenses.
Real Estate Charitable Foundation's highest-compensated individual received $336K in total compensation. Total officer compensation of $627K represents 18.4% of total expenses.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| KATIE GRAY | EXECUTIVE DIRECTOR | Officer | 1.00 | $0 | $297,355 | $336,052 |
| COREY ZIEGLER | SECRETARY/TREASURER | Officer | 1.00 | $0 | $267,391 | $290,990 |
| DAVID BRAIN | DIRECTOR / VICE CHAIR | OfficerDirector | 1.00 | $0 | $0 | $0 |
| WHITNEY KERR SR | DIRECTOR / CHAIR | OfficerDirector | 1.00 | $0 | $0 | $0 |
| DAVID HARRISON | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| CATHERINE M HAUBER | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
Compensation Breakdown
Schedule J detail — base, bonus, benefits, and executive perks
KATIE GRAY
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
COREY ZIEGLER
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Governance & Compliance(Tax Year 2024)
Real Estate Charitable Foundation has 4 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 4 members, 4 of whom are independent.
Real Estate Charitable Foundation's financial statements are audited.
Real Estate Charitable Foundation has family or business relationships among officers, directors, or key employees.
Policies & Oversight
Audit & Financial Oversight
Grants Awarded(Tax Year 2024)
1 record
Real Estate Charitable Foundation awarded $1.6M across 1 grant to organizations. Top recipients include Greater Horizons (Kansas City, MO) — $1.6M for community support.
Organization Grants
| Recipient | Location | Amount | Purpose |
|---|---|---|---|
| Greater Horizons200849590 | Kansas City, MO | $1.6M | Community Support |
Filing History(Tax Years 2001–2024)
6 records
Showing the 6 Form 990 filings currently in our system.
| Tax Year | Form | Period | Revenue | Expenses | Net Assets |
|---|---|---|---|---|---|
| 2024 | 990 | 2024-01-01 – 2024-12-31 | $294K | $3.4M | $33.5M |
| 2023 | 990 | 2023-01-01 – 2023-12-31 | $-929K | $1.9M | $36.6M |
| 2022 | 990 | 2022-01-01 – 2022-12-31 | $309K | $8.6M | $39.5M |
| 2021 | 990 | 2021-01-01 – 2021-12-31 | $8.0M | $2.5M | $47.7M |
| 2020 | 990 | 2020-01-01 – 2020-12-31 | $4.2M | $3.2M | $42.3M |
| 2019 | 990 | 2019-01-01 – 2019-12-31 | $510K | $13.2M | $41.3M |
| 2001–2018 | No filings acquired yet | ||||
Frequently Asked Questions
What does Real Estate Charitable Foundation do?
A SUPPORTING ORGANIZATION OF THE GREATER KANSAS CITY COMMUNITY FOUNDATION, ESTABLISHED TO FACILITATE AND ACCEPT DONORS' CHARITABLE GIFTS OF REAL PROPERTY.
How much revenue does Real Estate Charitable Foundation have?
Real Estate Charitable Foundation reported $294,355 in total revenue for tax year 2024, up 131.7% from the prior year.
Who is the highest-paid executive at Real Estate Charitable Foundation?
KATIE GRAY, EXECUTIVE DIRECTOR, received $336,052 in total compensation as of tax year 2024.
Is Real Estate Charitable Foundation a 501(c)(3)?
Yes, Real Estate Charitable Foundation is classified as a 501(c)(3) tax-exempt organization.
Where is Real Estate Charitable Foundation located?
Real Estate Charitable Foundation is headquartered in KANSAS CITY, MO 64105.
Is Real Estate Charitable Foundation audited?
Yes, Real Estate Charitable Foundation's financial statements are audited.
Does Real Estate Charitable Foundation give grants?
Yes, Real Estate Charitable Foundation distributed $1,649,101 in grants to other organizations and individuals in tax year 2024. Top recipients include Greater Horizons.
Data Source
Prepared by: Forvis Mazars LLP, Kansas City, MO
IRS Form 990 electronic filings via the IRS Exempt Organizations Business Master File. All financial figures are as reported in USD.
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