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Nonprofit · EIN 44-6012453

COMMERCE FOUNDATION

Tax-exempt · KANSAS CITY, MO 64106

Financials

$1.2M$2.1M2023$6.9M$2.3M2024
Revenue Expenses · by fiscal year end
Financials of COMMERCE FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$6,909,452$2,269,677$4,639,775$34,951,868$182,000$34,769,868
December 31, 2023990-PF$1,244,719$2,072,905-$828,186$30,301,246$165,000$30,136,246
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$5,000,000
Dividends
$742,406
Interest
$65,025
Net gain from sales of assets
$1,102,021

Expenses

Grants and similar amounts paid
$2,034,526
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$2,088,134
Excise tax on investment income
$24,077

Balance sheet and other

Total assets, start of year
$30,301,246
Total assets, end of year
$34,951,868
Total liabilities, end of year
$182,000
Net assets, end of year
$34,769,868
Fair market value of assets
$41,954,686
Qualifying distributions
$3,685,795
Net investment income
$1,881,200

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
CHARLES G KIM
1000 WALNUT STE 900, KANSAS CITY, MO 64106
VP/TREAS/DIR0.2$0
CHARLOTTE L KEMPER BLACK
1000 WALNUT STE 900, KANSAS CITY, MO 64106
VP/COO/DIR0.2$0
DANIEL J ADAMS
1000 WALNUT STE 900, KANSAS CITY, MO 64106
ASSISTANT SECRETARY0.2$0
MARGARET M ROWE
1000 WALNUT STE 900, KANSAS CITY, MO 64106
SECRETARY0.2$0
JOHN W KEMPER
1000 WALNUT STE 900, KANSAS CITY, MO 64106
PRESIDENT/DIR0.2$0
KEVIN BARTH
1000 WALNUT STE 900, KANSAS CITY, MO 64106
DIRECTOR0.2$0
ROBERT S HOLMES
1000 WALNUT STE 900, KANSAS CITY, MO 64106
DIRECTOR0.2$0
990-PF for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
CHARLES G KIM
1000 WALNUT STE 900, KANSAS CITY, MO 64106
VP/TREAS/DIR0.2$0
CHARLOTTE L KEMPER BLACK
1000 WALNUT STE 900, KANSAS CITY, MO 64106
VP/COO/DIR0.2$0
THOMAS J NOACK
1000 WALNUT STE 900, KANSAS CITY, MO 64106
SECRETARY0.2$0
MARGARET M ROWE
1000 WALNUT STE 900, KANSAS CITY, MO 64106
ASSISTANT SECRETARY0.2$0
JOHN W KEMPER
1000 WALNUT STE 900, KANSAS CITY, MO 64106
PRESIDENT/DIR0.2$0
KEVIN BARTH
1000 WALNUT STE 900, KANSAS CITY, MO 64106
DIRECTOR0.2$0
ROBERT S HOLMES
1000 WALNUT STE 900, KANSAS CITY, MO 64106
DIRECTOR0.2$0

Address and contacts

Address (IRS master file)
1000 WALNUT ST, KANSAS CITY, MO 64106-2107
Signed the 990-PF
JOHN KEMPER, PRESIDENT
Phone
(816) 234-2577
Return prepared by
COMMERCE TRUST

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
44-6012453
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
1954
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$34,951,868
Income (IRS master file)
$11,181,023

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$6,909,452$2,269,677$34,951,868XML
990-PFDecember 2023$1,244,719$2,072,905$30,301,246XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 44-6012453).

Questions about COMMERCE FOUNDATION

What is the EIN of COMMERCE FOUNDATION?
The employer identification number (EIN) of COMMERCE FOUNDATION is 44-6012453.
Is COMMERCE FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1954.
Are donations to COMMERCE FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does COMMERCE FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of COMMERCE FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did COMMERCE FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2024.
Who are the officers and directors of COMMERCE FOUNDATION?
The 990-PF for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
How much revenue does COMMERCE FOUNDATION have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $6,909,452, expenses of $2,269,677 and total assets of $34,951,868 at year end.

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