Civic Intelligence

Kummer Institute Foundation

990 • Fiscal year 2021 • EIN 85-2720148

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 15, 2022

Organization ProfileN/A
300 W 13th St Parker Hall Ste 204Rolla, MO 65409

(573) 341-4122

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

4th percentile

0.00x

Higher debt load relative to assets than 4% of similar nonprofits.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2021

Liabilities / Revenue

6th percentile

0.03x

Higher debt load relative to revenue than 6% of similar nonprofits.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2021

Net Margin

99th percentile

92%

Higher net margin than 99% of similar nonprofits.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2021

Top Officer Pay

46th percentile

$680,572

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 1.7% of source-year revenue.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2021

Asset Growth

83rd percentile

28%

Faster asset growth than 83% of similar nonprofits.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2020 to 2021

Revenue Growth

1st percentile

-87%

Faster revenue growth than 1% of similar nonprofits.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets4th percentile

Assets

Up

$431,215,801

Up $93,360,323 (+28%) from 2020

Net Assets

Up

$429,871,898

Up $92,016,420 (+27%) from 2020

Liabilities

Up

$1,343,903

Up $1,343,903 from 2020

Revenue And Expenses
Liabilities / Revenue6th percentileNet Margin99th percentile

Revenue

Down

$39,440,010

Down $274,857,783 (-87%) from 2020

Expenses

Up

$3,275,762

Up $3,275,762 from 2020

Net Income

Down

$36,164,248

Down $278,133,545 (-88%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth83rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600M$400M$200M$0Assets 2020: $337,855,478Liabilities 2020: $0Net Assets 2020: $337,855,4782020Assets 2021: $431,215,801Liabilities 2021: $1,343,903Net Assets 2021: $429,871,8982021Assets 2022: $357,216,490Liabilities 2022: $2,542,714Net Assets 2022: $354,673,7762022Assets 2023: $382,820,057Liabilities 2023: $18,786,086Net Assets 2023: $364,033,9712023Assets 2024: $392,274,888Liabilities 2024: $8,517,413Net Assets 2024: $383,757,4752024

Highlighted filing

2021

Assets$431,215,801
Liabilities$1,343,903
Net Assets$429,871,898
Open 2021 Filing

Operations Trend

Revenue Growth1st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400M$300M$200M$100M$0-$100MRevenue 2020: $314,297,793Expenses 2020: $0Net Income 2020: $314,297,7932020Revenue 2021: $39,440,010Expenses 2021: $3,275,762Net Income 2021: $36,164,2482021Revenue 2022: $132,804,308Expenses 2022: $16,495,146Net Income 2022: $116,309,1622022Revenue 2023: $10,771,038Expenses 2023: $47,889,213Net Income 2023: -$37,118,1752023Revenue 2024: $22,725,412Expenses 2024: $30,641,195Net Income 2024: -$7,915,7832024

Highlighted filing

2021

Revenue$39,440,010
Expenses$3,275,762
Net Income$36,164,248
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.2
Gross Receipts
$54,568,557
Mission and Program Overview

Mission

To provide missouri s&t with the support needed to make missouri s&t one of the nation's leading universities for innovation and a center for entrpreneurship.

To provide missouri s&t with the support needed to make missouri s&t one of the nation's leading universities for innovation and a center for entrepreneurship.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$337,397,313$428,912,692▲ $91,515,379
Savings and Temporary Cash Investments$458,165$2,303,109▲ $1,844,944
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$337,855,478$431,215,801▲ $93,360,323
Other Assets Total$0$0→ $0
Liabilities
Grants Payable$0$1,337,288▲ $1,337,288
Accounts Payable and Accrued Expenses$0$6,615▲ $6,615
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$1,343,903▲ $1,343,903
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$337,855,478$429,871,898▲ $92,016,420
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$337,855,478$429,871,898▲ $92,016,420
Total Liabilities and Net Assets / Fund Balance$337,855,478$431,215,801▲ $93,360,323
Compensation and Service Providers
Top Officer Pay46th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Delbert DayDirector-$86,685$86,685
George P PetersonChairPT$11,375$11,375

Board Members and Trustees

NameTitle
Mohammad DehghaniExecutive Director & President
Gary HavenerDirector
Martin C JischkeDirector
Joseph D LehrerSecretary
Joan B WoodardTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$39,440,010
Other Revenue
$0
Change in Net Assets
$36,164,248

Audited Revenue Reconciliation

Revenue per Audited Statements
$39,440,010
Revenue Not Reported on Form 990
$55,852,172
Total Revenue per Audited Statements
$95,292,182
Total Revenue per Form 990
$39,440,010
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$3,269,147
Other Expenses$6,615
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$3,269,147--$3,269,147
Fees for Services Accounting-$6,615-$6,615
Total Functional Expenses$3,269,147$6,615$0$3,275,762

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,275,762
Total Expenses per Audited Statements$3,275,762
Total Expenses per Form 990$3,275,762
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Curators of the University of MissouriRolla, MO115-$3,269,147
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“An independent accounting firm prepares and reviews the 990. The 990 is then reviewed by the organization's officers and accounting personnel. Any questions and concerns the organization's officers and accounting personnel have are addressed and any corrections or clarifications that need to be made are made. The final form 990 with all required schedules is then provided to all members of the board prior to filing the 990.”

Form 990, Part VI, Section B, Line 12C

“Interested persons (board members) are required to disclose annually, any actual or possible conflict of interest. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, the interested person shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists by a majority vote of the disinterested directors of the board or applicable committee. If a conflict of interest does exists, an interested person may make a presentation at the governing board or committee meeting, but after the presentation, the interested person shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents, conflict of interest policy and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
The Kummer Institute Foundation
EIN
85-2720148
In Care Of
% MOHAMMED DEGHANI
Phone
5733414122
Address
300 W 13TH ST PARKER HALL STE 204, ROLLA, MO 65409

Signing Officer

Name
Mohammed Deghani
Title
Exec Director & President
Phone
5733414122
Signed
2022-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mohammed Deghani
Formed
2020
Legal Domicile
Mo
Voting Board Members
7
Independent Board Members
4
Employees
0
Volunteers
5

Preparer

Firm
Forvis Llp
Address
1201 Walnut Suite 1700, Kansas City, MO 64106-2246
Preparer
April Arnold CPA
Phone
8162216300
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/DistributableAmountGrp/CYIncomeTaxImposedPYAmt00
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IRS990ScheduleA/DistributionsGrp/QualifiedSetAsideAmt00
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE FOUNDATION'S OFFICERS AND DIRECTORS MAINTAIN A CLOSE AND CONTINUING RELATIONSHIP WITH THE OFFICERS AND TRUSTEES OF MISSOURI S&T (A COMPONENT UNIT OF CURATORS OF THE UNIVERSITY OF MISSOURI), THE SUPPORTED ORGANIZATION, BY VIRTUE OF THE FACT THAT THE CHANCELLOR OF MISSOURI S&T, DR. MOHAMMAD DEHGHANI, IS A MEMBER OF THE FOUNDATION'S BOARD OF DIRECTORS. ADDITIONALLY, TWO MEMBERS OF THE SUPPORTED ORGANIZATION'S BOARD OF TRUSTEES, GARY HAVENER AND DR. JOAN WOODARD, ARE ALSO MEMBERS OF THE FOUNDATION'S BOARD OF DIRECTORS. DR. JOAN WOODARD AND GARY HAVENER ARE BOTH MEMBERS OF THE SUPPORTED ORGANIZATION'S BOARD OF TRUSTEES, AND ARE TWO (2) OF THE FOUR (4) MEMBERS OF THE FOUNDATION'S INVESTMENT COMMITTEE. AS SUCH, TRUSTEES OF THE SUPPORTED ORGANIZATION HAVE A SIGNIFICANT VOICE IN THE FOUNDATION'S INVESTMENT POLICIES AND IN DIRECTING THE USE OF THE FOUNDATION'S INCOME AND ASSETS. DR. WOODARD, MR. HAVENER AND DR. DEHGHANI, ARE ALL OFFICERS OR TRUSTEES OF THE SUPPORTED ORGANIZATION AND MEMBERS OF THE FOUNDATION'S BOARD OF DIRECTORS, GIVING THEM A SIGNIFICANT VOICE IN THE TIMING AND MAKING OF GRANTS TO THE SUPPORTED ORGANIZATION.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE KUMMER INSTITUTE FOUNDATION IS RESPOSIVE TO THE NEEDS OF MISSOURI S&T (A COMPONENT UNIT OF CURATORS OF THE UNIVERSITY OF MISSOURI), THE SUPPORTED ORGANIZATION. THE CHANCELLOR OF MISSOURI S&T, DR. MOHAMMAD DEHGHANI, IS A MEMBER OF THE FOUNDATION'S BOARD OF DIRECTORS. ADDITIONALLY, TWO MEMBERS OF THE SUPPORTED ORGANIZATION'S BOARD OF TRUSTEES ARE ALSO MEMBERS OF THE FOUNDATION'S BOARD OF DIRECTORS. AS SUCH, TRUSTEES OF THE SUPPORTED ORGANIZATION HAVE A SIGNIFICANT VOICE IN THE FOUNDATION'S INVESTMENT POLICIES AND IN DIRECTING THE USE OF THE FOUNDATION'S INCOME AND ASSETS. DUE TO THESE FACTS, THE KUMMER INSTITUTE FOUNDATION MEETS THE RESPONSIVENESS TEST. THE GRANTS DURING THE CURRENT YEAR ARE MORE THAN ONE-THIRD OF THE SUPPORTING ORGANIZATION'S DISTRIBUTABLE AMOUNT WAS DISTRIBUTED TO THE SUPPORTED ORGANIZATION.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2THE ORGANIZATION UNDERDISTRIBUTED IN 2021 DUE TO REASONABLE CAUSE. THE CALCULATION OF THE REQUIRED DISTRIBUTION AMOUNT WAS NOT COMPLETED UNTIL AFTER 2021 HAD ENDED. ONCE THE ORGANIZATION BECAME AWARE OF HOW MUCH WAS REQUIRED TO BE DISTRIBUTED IN 2021, THE ORGANIZATION MADE AN ADDITIONAL DISTRIBUTION IN 2022 TO MEET THAT AMOUNT.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART IV, SECTION D, LINE 3
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1SCHEDULE A, PART V, SECTION D, LINE 8
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2SCHEDULE D, PART V, SECTION E, LINE 6
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$431,215,801
Liabilities
$1,343,903
Net assets
$429,871,898
Revenue
$39,440,010
Expenses
$3,275,762
Net income
$36,164,248
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$392$8.52$384$22.7$30.6$7.92
2023Detailed filing. Detailed filing data is available for this year.$383$18.8$364$10.8$47.9$37.1
2022Detailed filing. Detailed filing data is available for this year.$357$2.54$355$133$16.5$116
2021Detailed filing. Detailed filing data is available for this year.$431$1.34$430$39.4$3.28$36.2
2020Detailed filing. Detailed filing data is available for this year.$338$0.00$338$314$0.00$314