WICHITA, KS

1440 Ventures Foundation

Quick Facts

EIN: 873894190
Location: WICHITA, KS
Phone: (316) 634-2266
Category: Community Development
Total Assets: $1.2M
Annual Income: $710K
IRS Ruling Year: 2022
Organization Type: Non-Operating Foundation
Principal Officer: % Sondra M Langel
Tax Deductibility: Contributions are deductible

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About This Foundation

1440 Ventures Foundation is a private corporation based in WICHITA, KS. The foundation received its IRS ruling in 2022. The principal officer is % Sondra M Langel. It holds total assets of $1.2M. Annual income is reported at $710K. The foundation operates in the area of community development. According to available records, 1440 Ventures Foundation has made 4 grants totaling $2M, with a median grant of $500K. Individual grants have ranged from $200K to $800K, with an average award of $500K. The foundation has supported 2 unique organizations. Grant recipients are concentrated in Kansas. Contributions to this foundation are tax-deductible.

Application Information

Deadline

NONE AT THIS TIME

Restrictions

THE FOUNDATION WILL MAKE GRANT DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER INTERNAL REVENUE CODE SECTION 501(C)(3).

Frequently Asked Questions

What does 1440 Ventures Foundation fund?

1440 Ventures Foundation primarily funds organizations in the area of community development. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in KS.

How much does 1440 Ventures Foundation give in grants?

1440 Ventures Foundation has distributed a total of $2M across 4 grants. The median grant size is $500K, with an average of $500K. Individual grants have ranged from $200K to $800K.

How do I apply for a grant from 1440 Ventures Foundation?

The application deadline is NONE AT THIS TIME. THE FOUNDATION WILL MAKE GRANT DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER INTERNAL REVENUE CODE SECTION 501(C)(3).

Where is 1440 Ventures Foundation located?

1440 Ventures Foundation is headquartered in WICHITA, KS.

Key People & Compensation (2022)

Name	Title	Compensation	Benefits	Total
Sondra Langel	PRESIDENT	$0	$0	$0
Everett Langel	SECRETARY	$0	$0	$0
Julia Langel	TREASURER	$0	$0	$0

990 Tax Filings

Year	Return Type	PDF
2023	990PF	View
2022	990PF	View
2021	990PF	View

Research This Foundation

GuideStar / Candid ProPublica Nonprofit Explorer IRS Tax Exempt Status

Financial Overview

Total Giving

$873K

2023-14%

Total Assets

$1.7M

2023-10%

Fair Market Value

$1.8M

2023

Net Worth

$1.7M

2023

Grants Paid

$830K

2023

Contributions

$509K

2023

Net Investment Income

$29K

2023

Distribution Amount

$89K

2023

Total Giving by Year

Asset Growth

Revenue Over Time

Liabilities Over Time

Investment Portfolio (2023)

Total: $1.5M

Corporate Stock (80%)

Corporate Bonds (20%)

Revenue Sources (2023)

Contributions: $509K
Dividends: $47K
Interest: $741
Capital Gains (Net): $-28,423

Financial Details (2023)

Total Revenue: $529K
Total Expenses: $873K
Exempt Purpose Expenses: $830K
Required Distribution: $89K
Undistributed Income: $0
Total Liabilities: $1
Excise Tax: $402

Foundation Classification (2023)

Operating FoundationNo

Grants to IndividualsNo

Non-Charity GrantsNo

Lobbying ActivityNo

Excess Business HoldingsNo

Grantmaking Insights

Total Grants

Total Giving

$2M

Average Grant

$500K

Median Grant

$500K

Unique Recipients

Most Common Grant

$200K

Grant Range

Min$200K

Max$800K

Median: $500K

Smallest grantLargest grant

Grant Size Distribution

Geographic Distribution of Grants

KS$2M (4)

Past Grantees

Recipient	Location	Amount	Year
Fundamental Literacy FoundationEDUCATIONAL SUPPORT	Wichita, KS	$800K	2022
Phillips Fundamental Learning CenterLITERACY PROGRAMS FOR CHILDREN	Wichita, KS	$200K	2022