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Return of Organization Exempt from Income l efile GRAPHIC p rint - DO NOT PROCESS As Filed Data - DLN: 93490319020618 Return of Organization Exempt From Income Tax OMB No 1545-0047 Form 990 Under section 501 (c), 527, or4947( a)(1) of the Internal Revenue Code ( except black lung benefit trust or private foundation) 2007 Department of the Treasury Internal Revenue Service -The organization may have to use a copy of this return to satisfy state reporting requirements A For the 2007 calendar year, or tax year beginning 01 -01-2007 and ending 12 -31-2007 C Name of organization D Employer identification number B Check if applicable Please GREATER KANSAS CITY COMMUNITY FOUNDATION 1 Address change use IRS 43 -1152398 label or Number and street (or P 0 box if mail is not delivered to street address ) Room/ suite E Telephone number F Name change print or type . See 1055 BROADWAY SUITE 130 (816 ) 842-0944 1 Initial return Specific Instruc - City or town, state or country, and ZIP + 4 IF Accounting method (- Cash F Accrual F_ Final return tions . KANSAS CITY, MO 64105 (- Other ( specify) 0- (- Amended return F_ Application pending * Section 501(c)(3) organizations and 4947(a)(1) nonexempt charitable H and I are not applicable to section 527 organizations trusts must attach a completed Schedule A (Form 990 or 990-EZ). H(a) Is this a group return for affiliates? F_ Yes F No H(b) If "Yes" enter number of affiliates 0- G Web site : 1- WWW GKCCF ORG H(c) Are all affiliates included? F Yes F No (If "No," attach a list See instructions ) I Organization type (check only one) 1- F9!!+ 501(c) (3) -4 (insert no ) (- 4947(a)(1) or F_ 527 H(d) Is this a separate return filed by an organization Check here 1- 1 if the organization is not a 509(a)(3) supporting organization and its gross receipts are K covered by a group ruling? (- Yes F No normally not more than 25,000 A return is not required, but if the organization chooses to file a return, be sure to file a complete return I Group Exemption Number 0- M Check - 1 if the organization is not required to L Gross receipts Add lines 6b, 8b, 9b, and 10b to line 12 - 552,678,385 attach Sch B (Form 990, 990-EZ, or 990-PF) n TTii Revenue . Expenses . and Chances in Net Assets or Fund Balances (See the instructions-) 1 Contributions, gifts, grants, and similar amounts received a Contributions to donor advised funds la 89,123,729 b Direct public support (not included on line 1a) . lb 57,693,623 c Indirect public support (not included on line 1a) . 1c d Government contributions (grants) (not included on line 1a) ld 20,769,006 167,586,358 e Total (add lines la through 1d) (cash $ 9 7,068,381 noncash $ 7 0,517,977 1e 2 Program service revenue including government fees and contracts (from Part VII, line 93) 2 880,033 3 Membership dues and assessments 3 4 Interest on savings and temporary cash investments 4 5 Dividends and interest from securities 5 26,521,218 6a Gross rents . 6a b Less rental expenses 6b c Net rental income or (loss) subtract line 6b from line 6a . 6c 7 Other investment income (describe - ) 7 8a Gross amount from sales of assets (A) Securities (B) Other a other than inventory 353,347,850 8a b Less cost or other basis and sales expenses 276,763,702 8b c Gain or (loss) (attach schedule) . 76,584,148 Sc d Net gain or (loss) Combine line 8c, columns (A) and (B) . 8d 76,584,148 9 Special events and activities (attach schedule) If any amount is from gaming , check here 0-F a Gross revenue (not including $ of contributions reported on line 1b) . 9a b Less direct expenses other than fundraising expenses . 9b c Net income or (loss) from special events Subtract line 9b from line 9a . c 10a Gross sales of inventory, less returns and allowances . 10a b Less cost of goods sold 10b c Gross profit or (loss) from sales of inventory (attach schedule) Subtract line 10b from line 10a 10c 11 Other revenue (from Part VII, line 103) 11 4,342,926 12 Total revenue Add lines le, 2, 3, 4, 5, 6c, 7, 8d, 9c, 10c, and 11 12 275,914,683 13 Program services (from line 44, column (B)) . 13 178,237,430 14 Management and general (from line 44, column (C)) . 14 1,710,358 Fu 15 Fundraising (from line 44, column (D)) . 15 1,384,767 CL w 16 Payments to affiliates (attach schedule) 16 17 TotalexpensesAdd lines 16 and 44, column (A) . 17 181,332,555 18 Excess or (deficit) for the year Subtract line 17 from line 12 . 18 94,582,128 19 Net assets or fund balances at beginning of year (from line 73, column (A)) 19 859,361,427 20 Other changes in net assets or fund balances (attach explanation) . 20 -62,253,071 21 Net assets or fund balances at end of year Combine lines 18, 19, and 20 21 891,690,484 For Privacy Act and Paperwork Reduction Act Notice, see the separate instructions . Cat No 11282Y Form 990 (2007) Form 990 (2007) Page 2 Statement of All organizations must complete column (A) Columns (B), (C), and (D) are required for section Functional Expenses 501(c)(3) and (4) organizations and section 4947(a)(1) nonexempt charitable trusts but optional for others (See the instructions.) Do not include amounts reported on line (B) Program (C) Management (A) Total (D) Fundraising 6b, 8b, 9b, 1Ob, or 16 of Part I. services and general 22a Grants paid from donor advised funds (attach Schedule) (cash $ 68,339,559 noncash $ 0 If this amount includes foreign grants, check here F 22a 68,339,559 68,339,559 22b Other grants and allocations (attach schedule) (cash $ 105,860,545 noncash $ 0 If this amount includes foreign grants, check here - fl 22b 105,860,545 105,860,545 23 Specific assistance to individuals (attach schedule) 23 24 Benefits paid to or for members (attach schedule) 24 25a Compensation of current officers, directors, key employees etc Listed in Part V-A (attach schedule) 25a 1,014,390 574,613 264,045 175,732 b Compensation of former officers, directors, key employees etc listed in Part V-B (attach schedule) 25b c Compensation and other distributions not icluded above to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) (attach schedule) 25c 26 Salaries and wages of employees not included on lines 25a, b and c 26 2,071,714 1,030,161 507,481 534,072 27 Pension plan contributions not included on lines 25a, b and c 27 242,572 126,137 55,792 60,643 28 Employee benefits not included on lines 25a - 27 28 665,168 345,888 171,143 148,137 29 Payroll taxes 29 208,464 108,401 52,116 47,947 30 Professional fundraising fees 30 31 Accounting fees 31 120,987 120,987 32 Legal fees 32 172,096 172,096 33 Supplies 33 112,245 59,275 27,424 25,546 34 Telephone 34 45,344 23,959 11,035 10,350 35 Postage and shipping 35 46,840 24,357 11,710 10,773 36 Occupancy 36 319,104 165,935 79,776 73,393 37 Equipment rental and maintenance 37 3,548 1,845 887 816 38 Printing and publications 38 85,805 46,206 19,907 19,692 39 Travel 39 39,005 27,161 4,085 7,759 40 Conferences, conventions, and meetings 40 159,034 111,605 16,897 30,532 41 Interest 41 42 Depreciation, depletion, etc (attach schedule) 42 348,840 181,397 87,210 80,233 43 Other expenses not covered above (itemize) a PROFESSIONAL FEES 43a 770,327 527,037 95,466 147,824 b INSURANCE 43b 49,204 25,585 12,301 11,318 c INVESTMENT MANAGEMENT FEES 43c 657,764 657,764 d 43d e 43e f 43f g 43g 44 Total functional expenses . Add lines 22a through 43g (Organizations completing columns (B)-(D), carry these totals to lines 13-15) 44 181,332,555 178,237,430 1,710,358 1,384,767 Joint Costs . Check - fl if you are following SOP 98-2 Are any joint costs from a combined educational campaign and fundraising solicitation reported in (B) Program services ' fl Yes F No If "Yes," enter ( i) the aggregate amount of these joint costs $ 0 , (ii) the amount allocated to Program services $ 0 (iii) the amount allocated to Management and general $ 0 , and ( iv) the amount allocated to Fundraising $0 Form 990 (2007) Form 990 (2007) Page 3 f iii Statement of Program Service Accomplishments (See the instructions.) Form 990 is available for public inspection and, for some people, serves as the primary or sole source of information about a particular organization How the public perceives an organization in such cases may be determined by the information presented on its return Therefore, please make sure the return is complete and accurate and fully describes, in Part III, the organization's programs and accomplishments What is the organization's primary exempt purpose's 0- THE GREATER KANSAS CITY COMMUNITY FOUNDATION IS AN EXEMPT, NOT-FOR-PROFIT ORGANIZATION WHOSE MISSION IS TO IMPROVE THE QUALITY OF LIFE IN THE Program Service GREATER KANSAS CITY COMMUNITY BY Expenses INCREASING CHARITABLE GIVING, (Required fa(3)4 and an CONNECTING DONORS TO THE NEEDS OFTHE (4) orgs, nd 4947947(a)(1) COMMUNITY THEY CARE ABOUT, AND trusts, but optional for PROVIDING LEADERSHIP ON CRITICAL others) COMMUNITY ISSUES All organizations must describe their exempt purpose achievements in a clear and concise manner State the number of clients served, publications issued, etc Discuss achievements that are not measurable (Section 501(c)(3) and (4) organizations and 4947(a)(1) nonexempt charitable trusts must also enter the amount of grants and allocations to others ) a Increasing charitable giving In 2007, 189 new donor funds were established at the Community Foundation bringing the Community Foundation's total charitable funds to over 2,000 O n a consolidated basis, $188 2 million was received in new contributions (Grants and allocations $ ) If this amount includes foreign grants, check here F- 2,220,530 b Connecting donors to the community needs they
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