GTP Foundation

### Overview

The 2021 Form 990 is the tax return filed by the Greater Topeka Partnership Foundation, a 501(c)(3) tax-exempt public charity (EIN: 80-0077427) incorporated in Kansas in 2003. The organization is located at 719 S Kansas Ave, Suite 100, Topeka, KS 66603. It reports no employees, 4 volunteers, and gross receipts of $68,859. The principal officer is Matthew Pivarnik, President & CEO.

### Mission
To provide sources of charitable support and funding for the establishment or support of educational and training opportunities designed to provide relief for the poor, distressed, and underprivileged; to support the advancement of economics, economic planning, and development; and to accelerate the quality and quantity of economic growth and employment opportunities.

### Financial Summary
The foundation experienced a net loss in 2021, with revenues significantly lower than the prior year ($1,039,116 in 2020). Expenses were primarily directed toward program services, including substantial grants.

| Category | Amount ($) |
|----------|------------|
| **Total Revenue** | 68,859 |
| - Contributions and Grants | 45,174 |
| - Program Service Revenue | 23,685 |
| - Investment Income | 0 |
| **Total Expenses** | 224,788 |
| - Program Services | 224,532 |
| - Management & General | 256 |
| - Fundraising | 0 |
| **Net Income (Loss)** | (155,929) |
| **Net Assets (Beginning of Year)** | 1,433,271 |
| **Net Assets (End of Year)** | 1,277,342 |
| - Without Donor Restrictions | 621,965 |
| - With Donor Restrictions | 655,377 |

#### Balance Sheet (End of Year)
| Assets | Amount ($) |
|--------|------------|
| Cash (Non-Interest-Bearing) | 336,488 |
| Savings & Temporary Cash Investments | 576,010 |
| Pledges & Grants Receivable (Net) | 193,608 |
| Prepaid Expenses | 1,347 |
| Other Assets | 2,500 |
| **Total Assets** | 1,336,716 |

| Liabilities & Net Assets | Amount ($) |
|--------------------------|------------|
| Accounts Payable & Accrued Expenses | 40 |
| Other Liabilities | 59,334 |
| **Total Liabilities** | 59,374 |
| **Total Net Assets** | 1,277,342 |

### Program Services
The foundation reported two main program services, focused on economic and community development.

1. **Economic Development Support** (Expenses: $223,019; Grants: $222,236; Revenue: $0)  
   Provides charitable support and funding for educational/training opportunities to aid the underprivileged and promote economic growth.

2. **First Opportunity Fund** (Expenses: $1,513; Grants: $0; Revenue: $23,685)  
   Offers financial support for workforce development programs in the community.

No other program services were reported.

### Grants and Assistance
The foundation provided $222,236 in grants to domestic organizations. Key grant:  
- $199,700 to Greater Topeka Partnership Inc. (related organization) for general support.  

No grants to individuals were reported. The organization maintains records to substantiate grants, eligibility, and selection criteria.

### Governance and Policies
- **Governing Body:** 5 voting members (4 independent). The organization has members/stockholders with power to elect board members.  
- **Documentation:** Meetings and actions are contemporaneously documented.  
- **Policies:** Written conflict of interest policy (monitored and enforced), whistleblower policy, and document retention/destruction policy. No significant changes to governing documents.  
- **Review Process:** Form 990 is provided to the governing body for review before filing. Financial statements are audited on a consolidated basis with related organizations; an audit committee oversees this process.  
- **Public Disclosure:** Governing documents, conflict of interest policy, and financial statements are available upon request.  

### Compensation
No officers, directors, trustees, or key employees received compensation directly from the foundation. However:  
- Matthew Pivarnik (President & CEO) received $353,344 in reportable compensation and $61,705 in other compensation from related organizations.  
Compensation processes for executives are handled by related organizations, which use independent reviews, comparability data, and substantiation.

### Related Organizations and Transactions
The foundation is part of a network focused on economic development in Topeka/Shawnee County.

- **Disregarded Entities ( Treated as Part of the Foundation):**  
  1. Topeka/Shawnee Co First Opportunity Fund (EIN: 61-1596467) – Provides loans; Income: $23,685; Assets: $805,196.  
  2. 712 Innovations LLC (EIN: 47-1776434) – Provides facilities/equipment for entrepreneurs; Income: $0; Assets: $0.  

- **Related Tax-Exempt Organizations:**  
  | Organization | EIN | Type | Primary Activity | Controlled? |
  |--------------|-----|------|------------------|-------------|
  | Growth Organization of Topeka/Shawnee Co | 48-1227900 | 501(c)(6) | Foster economic growth | No |
  | Greater Topeka Partnership Inc | 62-2627387 | 501(c)(6) | Enhance economic development and quality of life | No |
  | Downtown Topeka | 48-0694197 | 501(c)(6) | Encourage business/cultural growth | No |
  | Greater Topeka Chamber of Commerce | 48-0451270 | 501(c)(6) | Support policies for economic success | No |
  | Go Topeka ETLC Support Corporation | 83-0950867 | 501(c)(3) | Foster economic growth | Yes |
  | Visit Topeka Inc | 32-0176144 | 501(c)(6) | Increase tourism | No |

- **Transactions with Related Organizations:** Yes, including grants/capital contributions ($199,700 to Greater Topeka Partnership Inc.), sharing of employees, facilities/equipment, and reimbursements for expenses.

No unrelated business income, political contributions, or foreign activities were reported. The return was prepared by BT&CO PA and signed on November 15, 2022.

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Henry McClure 

Time kills deals

785-383-9994

www.henrymcclure.live