The Kansas City Symphony Foundation
THE KANSAS CITY SYMPHONY FOUNDATION IS A NOT-FOR-PROFIT ENDOWMENT ORGANIZATION THAT AIDS AND SUPPORTS THE GREATER KANSAS CITY COMMUNITY FOUNDATION
IRS Tax Year 2023
Period ending May 31, 2024
Total Revenue
$2.7M
Total Expenses
$1.3M
Net Assets
$31.8M
Employees
0
Volunteers
7
Grants Paid
$1.1M
Program Expense Ratio
85.5%
This nonprofit profile presents IRS Form 990 tax filing data for The Kansas City Symphony Foundation (EIN: 43-6052679), based on the 2023 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, top independent contractors, 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.
The Kansas City Symphony Foundation is a 501(c)(3) nonprofit headquartered in KANSAS CITY, MO, founded in 1963. The organization has held tax-exempt status since 1963. In its 2023 filing, the organization reported $2.7M in total revenue, a 166.1% increase from the prior year, and $1.3M in total expenses. The organization engaged 7 volunteers. The organization runs 1 program, totaling $1.1M in program expenses. 1 of 6 recommended governance policies are in place.
Programs(Tax Year 2023)
1 record
The Kansas City Symphony Foundation operates 1 program, with total program expenses of $1.1M. The Kansas City Symphony Foundation's largest program accounts for 100% of total program spending.
TO AID IN THE SUPPORT OF THE GREATER KANSAS CITY COMMUNITY FOUNDATION. IN ITS SUPPORT OF THE KANSAS CITY SYMPHONY ORCHESTRA AND ITS CULTURAL ENDEAVORS FOR THE CITY OF KANSAS CITY, MISSOURI.
Financial Overview(Tax Years 2019–2023)
5 records
Over the past 5 years, The Kansas City Symphony Foundation's revenue has grown from $1.5M to $2.7M, a 86.8% increase. Program expenses represent 86% of total spending.
Revenue increased 166.1% year-over-year, while expenses declined 6.9%. net assets fell to $31.8M, down 17.9% from the prior year.
The Kansas City Symphony Foundation derives 2% from contributions and grants, with 98% from investment income.
Revenue is heavily concentrated: 98% comes from investment income, indicating limited diversification.
The Kansas City Symphony Foundation allocates 86% to programs, 14% to management and general.
Revenue grew by 166.1% while expenses declined by only 6.9%, suggesting improving operational efficiency.
The Kansas City Symphony Foundation distributed $1.1M in grants to other organizations and individuals, representing 86% of total expenses.
Over 5 filings from 2019–2023, The Kansas City Symphony Foundation grew revenue from $1.5M to $2.7M (+86.8%) while maintaining a program expense ratio of 86%.
The Kansas City Symphony Foundation holds $31.8M in total assets against $0 in liabilities (debt-to-asset ratio of 0%). The organization has 295.3 months of operating reserves. Cash and equivalents of $0 cover approximately 0.0 months of expenses.
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2023 | $2.7M | $51K | $0 | $0 | $2.7M |
| 2022 | $1.0M | $4K | $0 | $0 | $1.0M |
| 2021 | $2.9M | $2K | $0 | $0 | $2.9M |
| 2020 | $854K | $11K | $0 | $0 | $843K |
| 2019 | $1.5M | $40K | $0 | $0 | $1.4M |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2023 | $1.3M | $1.1M | $187K | $0 | $1.1M |
| 2022 | $1.4M | $1.2M | $183K | $0 | $1.2M |
| 2021 | $830K | $684K | $146K | $0 | $684K |
| 2020 | $765K | $630K | $135K | $0 | $630K |
| 2019 | $1.0M | $877K | $124K | $0 | $877K |
Program Expense Ratio
85.5%
Admin Expense Ratio
14.5%
Fundraising Efficiency
—
Operating Reserve
295.3 mo
People & Compensation(Tax Year 2023)
7 records
The Kansas City Symphony Foundation reported compensation for 7 officers and key employees.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| CHRISTINE KEMPER | PRESIDENT | OfficerDirector | 1.00 | $0 | $0 | $0 |
| JULIA DENNIE-KAUFFMAN | VICE-PRESIDENT | OfficerDirector | 1.00 | $0 | $0 | $0 |
| RUSSELL W BAKER JR | SECRETARY | OfficerDirector | 1.00 | $0 | $0 | $0 |
| GEORGE E POWELL III | TREASURER | OfficerDirector | 1.00 | $0 | $0 | $0 |
| MICHAEL A SCHULTZ | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| STEPHEN H HILL | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| SUSAN NEWBURGER | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
Top Contractors(Tax Year 2023)
1 record
The Kansas City Symphony Foundation reported 1 contractor receiving over $100,000, with total contractor payments of $121K.
| Name | Service | Compensation |
|---|---|---|
| UMB BANK | INVEST MANAGEMENT | $120,786 |
Governance & Compliance(Tax Year 2023)
The Kansas City Symphony Foundation has 1 of 6 recommended governance policies in place. Its board has 7 members, 7 of whom are independent.
The Kansas City Symphony Foundation's financial statements are audited, an audit committee oversees the process.
Policies & Oversight
Audit & Financial Oversight
Grants Awarded(Tax Year 2023)
1 record
The Kansas City Symphony Foundation awarded $1.1M across 1 grant to organizations. Top recipients include GREATER KANSAS CITY COMMUNITY FOUNDATION (KANSAS CITY, MO) — $1.1M.
Organization Grants
| Recipient | Location | Amount | Purpose |
|---|---|---|---|
| GREATER KANSAS CITY COMMUNITY FOUNDATION431152398 | KANSAS CITY, MO | $1.1M | — |
Supplemental Financial Data(Tax Year 2023)
The endowment stands at $31.8M, with $51K in new contributions.
Filing History(Tax Years 1963–2023)
5 records
Showing the 5 Form 990 filings currently in our system.
| Tax Year | Form | Period | Revenue | Expenses | Net Assets |
|---|---|---|---|---|---|
| 2023 | 990 | 2023-06-01 – 2024-05-31 | $2.7M | $1.3M | $31.8M |
| 2022 | 990 | 2022-06-01 – 2023-05-31 | $1.0M | $1.4M | $38.7M |
| 2021 | 990 | 2021-06-01 – 2022-05-31 | $2.9M | $830K | $40.3M |
| 2020 | 990 | 2020-06-01 – 2021-05-31 | $854K | $765K | $40.3M |
| 2019 | 990 | 2019-06-01 – 2020-05-31 | $1.5M | $1.0M | $34.8M |
| 1963–2018 | No filings acquired yet | ||||
Frequently Asked Questions
What does The Kansas City Symphony Foundation do?
THE KANSAS CITY SYMPHONY FOUNDATION IS A NOT-FOR-PROFIT ENDOWMENT ORGANIZATION THAT AIDS AND SUPPORTS THE GREATER KANSAS CITY COMMUNITY FOUNDATION
How much revenue does The Kansas City Symphony Foundation have?
The Kansas City Symphony Foundation reported $2,713,894 in total revenue for tax year 2023, up 166.1% from the prior year.
Who is the highest-paid executive at The Kansas City Symphony Foundation?
CHRISTINE KEMPER, PRESIDENT, received $0 in total compensation as of tax year 2023.
Is The Kansas City Symphony Foundation a 501(c)(3)?
Yes, The Kansas City Symphony Foundation is classified as a 501(c)(3) tax-exempt organization.
Where is The Kansas City Symphony Foundation located?
The Kansas City Symphony Foundation is headquartered in KANSAS CITY, MO 64106.
Is The Kansas City Symphony Foundation audited?
Yes, The Kansas City Symphony Foundation's financial statements are audited, and the organization has an audit committee.
Does The Kansas City Symphony Foundation give grants?
Yes, The Kansas City Symphony Foundation distributed $1,104,365 in grants to other organizations and individuals in tax year 2023. Top recipients include GREATER KANSAS CITY COMMUNITY FOUNDATION.
Data Source
Prepared by: ERNST & YOUNG US LLP, GRANDVIEW HEIGHTS, OH
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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