2011-11-14T15:49:51-06:00 2010-12-31 IFFT & CO PA 11030 GRANADA LN SUITE 100 OVERLAND PARK KS 66211 990 2010-01-01 430893446 DEMOLAY FOUNDATION INC DEMO 8168918333 10200 NW AMBASSADOR DRIVE KANSAS CITY MO 64153 JEFFREY C KITSMILLER SR 8168918333 2011-11-11 1 MARK W EATON 9133451120 2010 2016-03-07 17:11:31Z JEFFREY C KITSMILLER SR 10200 NW AMBASSADOR DRIVE KANSAS CITY MO 64153 873958 0 X WWW.DEMOLAY.ORG X 1948 MO TO PROVIDE FUNDING FOR DEMOLAY INTERNATIONAL PROGRAMS AS WELL AS SCHOLARSHIPS. 9 9 0 100 0 0 52992 62317 0 0 -193140 113842 36154 34900 -103994 211059 18000 18000 0 0 0 0 0 0 0 127638 123828 145638 141828 -249632 69231 3567046 3822095 1024 28863 3566022 3793232 TO PROVIDE SCHOLARSHIP AND OTHER LEADERSHIP OPPORTUNITIES FOR YOUTH INVOLVED IN DEMOLAY. 0 0 18000 SCHOLARSHIP PROGRAM: EXPENSES RELATED TO GRANTS FOR SCHOLARSHIPS AND TO DEMOLAY INTERNATIONAL, GIVEN ON THE BASIS OF SERVICE, LEADERSHIP, NEED AND ACADEMICS. 2722 LEADERSHIP CONFERENCE: EXPENSES INCURRED IN CONNECTION WITH PROVIDING EDUCATIONAL AND LEADERSHIP OPPORTUNITIES TO YOUNG MEN IN AIM OF BUILDING CHARACTER AND DEVELOPING MATURITY. 20722 1 1 0 0 0 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 0 0 0 0 0 MO X X BILL BRYAN 8168918333 10200 NW AMBASSADOR DRIVE KANSAS CITY MO 64153 DAVID B DIBRELL 0.00 X 0 0 0 E JOHN ELMORE 0.00 X 0 0 0 MICHAEL E WILLIAMS 0.00 X 0 0 0 STEVEN E CRANE 0.00 X 0 0 0 LARRY C BURRUSS 0.00 X 0 0 0 KURT HAMROCK 0.00 X 0 0 0 SHANE A HARSHBARGER 0.00 X 0 0 0 FRANKLIN J KELL JR 0.00 X 0 0 0 M BOYD PATTERSON 0.00 X 0 0 0 JEFFERY C KITSMILLER SR 1.00 X 0 60677 15869 0 60677 15869 0 0 0 0 0 15000 47317 62317 67876 67876 63366 28466 34900 34900 34900 680399 634433 45966 45966 45966 211059 0 0 148742 18000 18000 74000 74000 538 538 13959 13959 15935 15935 3116 2722 394 13824 13824 2456 2456 141828 20722 121106 0 2456 16878 352970 396234 1370 15376 1916775 852099 1103865 1064676 2106246 2328792 139 139 3567046 3822095 1024 28863 1024 28863 X 2072552 2012670 449985 449985 1043485 1330577 3566022 3793232 3567046 3822095 X 69231 157979 X X 0 1 1 X 0 X 66628 169219 39639 52992 62317 390795 66628 169219 39639 52992 62317 390795 390795 125142 141456 173026 154004 131012 724640 1115435 0.35040 0.36300 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 1774314 200 6048 1780562 1774314 1774314 1774314 1774314 0.22380 0.19680 0.57940 0 0 517524 517524 1154263 678186 476077 194919 124646 70273 50069 49267 802 1064676 211059 141828 69231 157979 157979 227210 397504 157979 28466 186445 211059 0 211059 170294 28466 28466 141828 0 141828 PART III, LINE 4: THE FOUNDATION MAINTAINS A COLLECTION OF DONATED PAINTINGS AND DEMOLAY MEMORABILIA. THE MOST RECENT APPRAISAL CONDUCTED IN 1994 PLACED A VALUE ON THE COLLECTION OF $106,025. AS PERMITTED BY SFAS NO. 116, ACCOUNTING FOR CONTRIBUTIONS RECEIVED AND CONTRIBUTIONS MADE, THE FOUNDATION DOES NOT CAPITALIZE SUCH ASSETS. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ORGANIZATION INTENDS TO USE THE ENDOWMENT FUNDS TO FURTHER THE FOUNDATION'S CHARITABLE PURPOSE; TO PROVIDE EDUCATIONAL SCHOLARSHIPS TO CURRENT AND PAST MEMBERS OF DEMOLAY, BOTH NOW AND IN THE FUTURE. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ORGANIZATION IS GENERALLY EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THERE WAS NO INCOME TAX EXPENSE FOR THE YEAR ENDED DECEMBER 31, 2010. ACCORDINGLY, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE ACCOMPANYING COMBINING FINANCIAL STATEMENTS. THE ORGANIZATION RECOGNIZES THE FINANCIAL STATEMENT BENEFIT OF A TAX POSITION ONLY AFTER DETERMINING THAT THE RELEVANT TAX AUTHORITY WOULD MORE LIKELY THAN NOT SUSTAIN THE POSITION FOLLOWING AN AUDIT. FOR TAX POSITIONS MEETING THE MORE-LIKELY-THAN NOT THRESHOLD, THE AMOUNT RECOGNIZED IN THE FINANCIAL STATEMENTS IS THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT WITH THE RELEVANT TAXING AUTHORITY. THE ORGANIZATION IS SUBJECT TO INCOME TAX REGULATIONS IN THE U.S. FEDERAL JURISDICTION AND CERTAIN STATE JURISDICTIONS. TAX REGULATIONS WITHIN EACH JURISDICTION ARE SUBJECT TO THE INTERPRETATION OF THE RELATED TAX LAWS AND REGULATIONS AND REQUIRE SIGNIFICANT JUDGMENT TO APPLY. WITH FEW EXCEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE APPLICABLE TAX AUTHORITIES FOR THE YEARS BEFORE 2007. IF ANY WERE TO BE INCURRED, THE ORGANIZATION'S POLICY IS TO RECORD PENALTIES AND INTEREST ASSESSED BY INCOME TAXING AUTHORITIES AS OPERATING EXPENSES. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES ALLOCATED TO RENTAL 28,466. PART XIII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES ALLOCATED TO RENTAL 28,466. 1 SCHOLARSHIP 18 18000 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE FOUNDATION AWARDS SCHOLARSHIPS BASED ON VARIOUS CRITERIA. NO FOLLOW-UP IS NEEDED. FORM 990, PART VI, SECTION A, LINE 7B ALL DECISIONS OF THE BOARD OF DIRECTORS MUST BE RATIFIED BY THE MEMBERSHIP AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED FOR ACCURACY BY THE EXECUTIVE DIRECTOR PRIOR TO SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C AT THE ANNUAL SESSION ALL TRUSTEES ARE REQUIRED TO SIGN A CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 157,979. FORM 990, PART XI, QUESTION 2C: THE PROCESS FOR OVERSEEING THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. DEMOLAY INTERNATIONAL 10200 NW AMBASSADOR DRIVE KANSAS CITY MO 64153 431722585 TTO PROMOTE SOCIAL AND MORAL WELFARE OF YOUNG MEN BETWEEN AGES OF 13 & 21 MO 501(C)(3) 509(A)(2) 0 FRANK S LAND FOUNDATION 10200 NW AMBASSADOR DRIVE KANSAS CITY MO 64153 436102575 TO PROVIDE SUPPORT TO THE DEMOLAY FOUNDATION THROUGH GRANTS MO 501(C)(3) 509(A)(3) 0 0 0 1 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 DEMOLAY INTERNATIONAL I 63366 DEMOLAY INTERNATIONAL L 74000 FRANK S LAND FOUNDATION M DEMOLAY INTERNATIONAL M FRANK S LAND FOUNDATION C 15000