Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
Stanley M Herzog Charitable Foundation
 
% Kristen Ansley
Number and street (or P.O. box number if mail is not delivered to street address)105 NW 188th Street
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Smithville, MO64089
A Employer identification number

81-4698720
B Telephone number (see instructions)

(816) 584-9393
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$308,967,557J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 8,469,237 8,469,237 8,469,237
5a Gross rents............ 6,000 6,000 6,000
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 124,974
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 8,475,237 8,600,211 8,475,237
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 6,639   6,639 6,639
14 Other employee salaries and wages...... 115,240   115,240 115,240
15 Pension plans, employee benefits....... 192,137   192,137 192,137
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
118,352   118,352 118,352
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
261   261 261
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
1,639,378 848,894 1,639,378 790,484
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 153,923   153,923 153,923
21 Travel, conferences, and meetings....... 1,089,541   1,089,541 1,089,541
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
2,132,260 29,156 2,132,260 2,103,104
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 5,447,731 878,050 5,447,731 4,569,681
25 Contributions, gifts, grants paid....... 68,317,630 68,317,630
26 Total expenses and disbursements. Add lines 24 and 25 73,765,361 878,050 5,447,731 72,887,311
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -65,290,124
b Net investment income (if negative, enter -0-) 7,722,161
c Adjusted net income (if negative, enter -0-)... 3,027,506
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 11,564,922 4,019,802 4,019,802
2 Savings and temporary cash investments......... 7,250,125 2,996,250 3,014,200
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 52,018,027 Click to see attachment
List of Attached Documents:
// Content
57,625,892 		57,655,833
b Investments—corporate stock (attach schedule)....... 74,254,899 Click to see attachment
List of Attached Documents:
// Content
114,837,983 		139,114,486
c Investments—corporate bonds (attach schedule)....... 108,834,512 Click to see attachment
List of Attached Documents:
// Content
99,448,979 		99,028,495
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 4,417,920 Click to see attachment
List of Attached Documents:
// Content
6,096,103 		6,112,567
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow   23,708,684    
15 Other assets (describe right arrow) 68,251,562 22,174 Click to see attachment
List of Attached Documents:
// Content
22,174
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 350,300,651 285,047,183 308,967,557
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 350,300,651 285,047,183
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 350,300,651 285,047,183
30 Total liabilities and net assets/fund balances (see instructions). 350,300,651 285,047,183
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
350,300,651
2
Enter amount from Part I, line 27a .....................
2
-65,290,124
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
124,974
4
Add lines 1, 2, and 3 ..........................
4
285,135,501
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
88,318
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
285,047,183
Form 990-PF (2024)
Form 990-PF (2024)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Wells Fargo - 4604 - summary from client P 2023-01-01 2024-12-31
b Wells Fargo - 1832 summary from client P 2023-01-01 2024-12-31
c Goldman Sachs - summary from client P 2023-01-01 2024-12-31
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 14,922,827   13,976,291 946,536
b 63,889,200   64,788,373 -899,173
c 716,491   638,880 77,611
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       946,536
b       -899,173
c       77,611
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 124,974
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 107,338
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 107,338
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 107,338
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 128,339
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 128,339
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 119
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 20,882
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow   Refundedright arrow 11 20,882
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowMO
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
Yes
 
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructionsClick to see attachment
List of Attached Documents:
// Content
.................
12
Yes
 
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrow  
14
The books are in care ofright arrowKristen Ansley Telephone no.right arrow (816) 584-9393

Located atright arrow105 NW 188th StreetSmithvilleMO ZIP+4right arrow64089
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
No
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
No
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
No
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
No
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
TODD GRAVES Chrmn of Bd & Dir
0.00 		0 0 0
1100 Main Street STE 2700
Kansas City,MO64105
JOHN ELLIOTT Director and Vice Chr
0.00 		0 0 0
P O Box 328
Smithville,MO64089
KRISTEN ANSLEY Director and SecTreas
0.00 		0 0 0
110 Main Street STE 2700
Kansas City,MO64105
DARRELL JONES President
0.00 		0 0 0
14450 N US 169 STE L
Smithville,MO64089
STEPHANIE GOODNIGHT Vice President - Opera
0.00 		0 0 0
14450 N US 169 STE L
Smithville,MO64089
JOSHUA MANN Managing Editor
0.00 		0 0 0
14450 N US 169 STE L
Smithville,MO64089
JONATHON EDMONDSON Project Manager
0.00 		0 0 0
14450 N US 169 STE L
Smithville,MO64089
CHIS VAS Content Dir
0.00 		0 0 0
14450 N US 169 STE L
Smithville,MO64089
ELIABETH ROBERTS Communications Dir
0.00 		0 0 0
14450 N US 169 STE L
SMITHVILLE,MO64089
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
First Liberty Institute Professional Fees 245,000
2001 W Plano Parkway Ste 1600
Plano,TX75075
The Prosper GroupEverest AdvertisingMedia Services 175,383
P O Box 488
Greenwood,IN46142
Bryan Cave Legal Services 96,179
P O Box 503089
Saint Louis,MO63150
Excellence in Giving Professional Fees 80,000
830 Tenderfoot Hill Road Ste 310
Colorado Springs,CO80906
Bill of Rights Institute Professional Services 77,000
1310 N Courthouse Road Ste 620
Arlington,VA22201
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1 The organization made grants to schools and other organizations 68,317,630
2 Herzog Foundation Institute provides training events and conferences to address relevant topics within the Christian education sphere 2,104,333
3 Articles podcasts speaker series and other communication and education initiatives in support of the organizations exempt mission 521,730
4 Other programs including Ambassador program programs for teachers and schools for excellence in Christian education SchoolBox and homeschool initiatives 370,471
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
323,722,820
b
Average of monthly cash balances.......................
1b
13,294,836
c
Fair market value of all other assets (see instructions)................
1c
252,000
d
Total (add lines 1a, b, and c).........................
1d
337,269,656
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
 
3
Subtract line 2 from line 1d.........................
3
337,269,656
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
5,059,045
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
332,210,611
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
16,610,531
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
 
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
 
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
 
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
 
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
 
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
 
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
72,887,311
b
Program-related investments—total from Part VIII-B..................
1b
 
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
72,887,311
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7  
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023...... 8,877,251
f Total of lines 3a through e ........ 8,877,251
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 72,887,311
a Applied to 2023, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2024 distributable amount.....  
e Remaining amount distributed out of corpus 72,887,311
5 Excess distributions carryover applied to 2024.    
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 81,764,562
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		81,764,562
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023.... 8,877,251
e Excess from 2024.... 72,887,311
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
3,027,506   2,788,221 6,253,200 12,068,927
b 85% (0.85) of line 2a ......... 2,573,380   2,369,988 5,315,220 10,258,588
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		72,887,311 17,747,839 19,804,786 14,964,935 125,404,871
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		68,317,630 6,083,234 3,468,229 615,600 78,484,693
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		4,569,681 11,664,605 16,336,557 14,349,335 46,920,178
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		11,073,687 10,905,722 11,029,841 11,623,755 44,633,005
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
NONE
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
NONE
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
KRISTEN ANSLEY
105 NW 188th Street
Smithville,MO64089
bThe form in which applications should be submitted and information and materials they should include:
No specific form at this time
cAny submission deadlines:
No specific deadlines at this time
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
No specific provisions developed at this time
Form 990-PF (2024)
Form 990-PF (2024)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

Herzog Foundation Resource Management

105 NW 188th Street
Smithville,MO64089 		  SOI Type I supportin General Support 59,814,058

Herzog Tomorrow

105 NW 188th Street
Smithville,MO64089 		  PC Public charity de General Support 2,125,229

Answers Academy

P O Box 510
Hebron,KY41048 		  PC Public charity de General Support 711,510

Northland Christian Education System

10500 N Arrowhead Trafficway
Kansas City,MO64155 		  PC Public charity de General Support 1,267,649

Hebron Christian Academy

775 Dacula Road
Dacula,GA30019 		  PC Public charity de General Support 250,000

Park Christian School

300 17th Street North
Moorhead,MN56560 		  PC Public charity de General Support 164,400

St Therese Catholic School

7207 NW Hwy 9
Kansas City,MO64152 		  PC Public charity de General Support 10,000

Whitefield Academy Association

8929 Holmes Road
Kansas City,MO64131 		  PC Public charity de General Support 25,750

Capitol Hill Christian Academy

1000 New Jersey Ave SE Ste 416
Washington,DC20003 		  PC Public charity de General Support 100,000

Martin Luther Acadmey

7112 N Overland Drive
Kansas City,MO64151 		  PC Public charity de General Support 54,875

Lutheran High School of Kansas City

12411 Wornall Road
Kansas City,MO64124 		  PC Public charity de General Support 25,000

Faith Lutheran School

P O Box 1807
Branson,MO65616 		  PC Public charity de General Support 2,500

Christian Fellowship

5045 Chapel Hill Road
Columbia,MO65203 		  PC Public charity de General Support 230,000

Forge Leadership Network

707 Miamisburg-Centerville Road
Dayton,OH45459 		  PC Public charity de General Support 10,000

Gloria Deo Academy

3146 S Golden Ave
Springfield,MO65807 		  PC Public charity de General Support 62,410

Second Baptist School Foundation

6410 Woodway Drive
Houston,TX77057 		  PC Public charity de General Support 500,000

Grace Lubbock Home School Group

P O Box 16713
Lubbock,TX79490 		  PC Public charity de General Support 5,000

Providence Christian Ministries Inc

P O Box 173
Lowell,AR72745 		  PC Public charity de General Support 2,500

Des Moines Christian School

13007 Douglas Parkway Ste 100
Urbandale,IA50323 		  PC Public charity de General Support 3,500

Prodigy Leadership Academy

P O Box 2172
Cape Girardeau,MO63702 		  PC Public charity de General Support 2,500

Naked Apple Tribe Inc

3497 Bull Run Mountain Road
The Plains,VA20198 		  PC Public charity de General SUpport 5,000

St Ann Catholic School

7231 Mission Road
Prairie Village,KS66208 		  PC Public charity de General Support 2,500

Beacon Hill Classical Academy Inc

1601 Temple Avenue
Camarillo,CA93010 		  PC Public charity de General Support 2,500

Valley Christian Schools

6900 W Galveston St
Chandler,AZ85226 		  PC Public charity de General Support 2,500

Madison-Ridgeland Academy

7601 Old Canton Road
Madison,MS39110 		  PC Public charity de General Support 2,500

Freedom Foundation

P O Box 552
Olympia,WA98507 		  PC Public charity de General Support 25,000

Hillcrest Lutheran Academy

610 Hillcrest Drive
Fergus Falls,MN56537 		  PC Public charity de General Support 2,500

Invest in Education Foundation

43 Crystal Lane
Delmar,NY12054 		  PC Public charity de General Support 50,000

River Oak Christian Academy

919 Wildwood Drive
Jefferson City,MO65109 		  PC Public charity de General Support 2,500

St Joseph Christian School

5401 Gene Field Road
St Joseph,MO64506 		  PC Public charity de General Support 150,000

Lincoln Lutheran MiddleHigh School

1100 N 56th Street
Lincoln,NE68504 		  PC Public charity de General Support 2,500

Berean Academy

441 Berean Lane
Hixson,TN37943 		  PC Public charity de General Support 7,375

Joshua Academy

1901 Liberty Lane
Van Buren,AR72956 		  PC Public charity de General Support 3,750

Cornerstone Christian School

400 Elm Street
Sweetwater,TX79556 		  PC Public charity de General Support 4,000

Braveheart Academy Inc

1008 W Main St
Arlington,TX76013 		  PC Public charity de General Support 4,375

The Geneva School of Manhattan

138 West 90th St
New York,NY10024 		  PC Public charity de General Support 6,250

Ankeny Christian Academy

1604 West 1st Street
Ankeny,IA50023 		  PC Public charity de General Support 7,375

River's Edge Christian Academy

P O Box 31733
Knoxville,TN37930 		  PC Public charity de General Support 7,375

Calvary Baptist Church of Midland

6100 Perrine Road
Midland,MI48640 		  PC Public charity de General Support 8,500

Augustine Classical Academy

7 N Main Street
Mechanicville,NY12118 		  PC Public charity de General Support 5,750

St John's Lutheran Church and School

700 South Franklin St
Denver,CO80209 		  PC Public charity de General Support 2,500

Christian Community Schools

506 Hester Drive
White House,TN37188 		  PC Public charity de General Support 6,250

Heritage Academy Incorporated

P O Box 5673
Kalispell,MT59903 		  PC Public charity de General Support 5,750

Bishop Leblond

3529 Frederick Avenue
Saint Joseph,MO64506 		  PC Public charity de General Support 25,000

Heritage Christian Academy

501 North River Road
Sylva,NC28779 		  PC Public charity de General Support 4,875

Logos Prepatory Academy

13303 Southwest Freeway
Sugar Land,TX77478 		  PC Public charity de General Support 8,500

Life Christian Academy

1717 S Union Ave
Tacoma,WA98405 		  PC Public charity de General Support 10,375

Christ Academy

5105 Stone Lake Drive
Wichita Falls,TX76310 		  PC Public charity de General Support 5,750

Veritas Classical Academy

4411 El Camino Real
Irvine,CA92602 		  PC Public charity de General Support 4,000

Legacy Academy

949 State Hwy 165
Branson,MO65616 		  PC Public charity de General Support 4,000

Our Savior Christian Academy

1103 South Commercial Ave
Smithville,MO64089 		  PC Public charity de General Support 20,000

Donors Trust

1800 Diagonal Road Ste 280
Alexandria,VA22314 		  PC Public charity de General Support 2,000,000

Chapel Hill Christian Academy

2001 Madison Street
Clarksville,TN37040 		  PC Public charity de General Support 5,000

Lakeway Christian Schools

P O Box 2159
Morristown,TN37816 		  PC Public charity de General Support 3,000

One School of the Arts and Sciences

1675 Dixon Road
Longwood,FL32779 		  PC Public charity de General Support 5,000

Sioux Center Christian School

630 1st Avenue SE
Sioux Center,IA51250 		  PC Public charity de General Support 5,000

Covenant Christian

2143 North Ballas Road
Saint Louis,MO63131 		  PC Public charity de General Support 5,000

Chicago Hope Academy

1211 S Western Avenue
Chicago,IL60608 		  PC Public charity de General Support 10,000

VELA Education Fund

4201 Wilson Blvd
Arlington,VA22203 		  PC Public charity de General Support 300,000

Kennesaw State University Foundation

3391 Town Point Dr NW
Kennesaw,GA30144 		  PC Public charity de Sponsorship - Natl Hybrid School Conference 1,000

Answers In Genesis

P O Box 510
Hebron,KY41048 		  PC Public charity de Event Sponsorships 30,000

National Christian Schools Association

P O Box 10763
Searcy,AR72149 		  PC Public charity de Spring Conference Sponsorship 1,500

Renewanation

P O Box 12366
Roanoke,VA24025 		  PC Public charity de REAP Conference Sponsorhip 25,000

HSLDA

P O Box 3000
Purcellville,VA20134 		  PC Public charity de NLC Break Sponsor 6,500

Tikvah Fund

165 East 56th Street Fourth Floor
New York,NY10022 		  PC Public charity de General Support 1,000

Great Plains Alliance of Christian Schools

1500 SW Jefferson Street
Lees Summit,MO64081 		  PC Public charity de GPACS Student Conference Speakers Sponsorship 6,000

Homeschool Louisiana

511 Turquoise Street
New Orleans,LA70124 		  PC Public charity de Sponsorship 1,500

Parkville Women's Clinic

6326 N Lucerne Avenue
Kansas City,MO64151 		  PC Public charity de General Support 35,000

City Union Mission

1100 East 11th Street
Kansas City,MO64106 		  PC Public charity de General Support 100,000

Moms for America Inc

121 E East Road
Branson,MO65616 		  PC Public charity de General Support 1,000

Pony Express Council - Boy Scouts of America

1704 Buckingham
St Joseph,MO64506 		  PC Public charity de General Support 10,000
Total .................................right arrow 3a 68,317,631
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....          
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		         
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..      
13Total. Add line 12, columns (b), (d), and (e)..................
13
 
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
Stanley M Herzog Charitable Foundation
EIN:
81-4698720
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
UHY 261   261 261

TY 2024 InvestmentsCorpBondsSchedule
Name:
Stanley M Herzog Charitable Foundation
EIN:
81-4698720
Name of Bond End of Year Book Value End of Year Fair Market Value
See Attached Schedule Corporate Bonds 97,147,131 96,813,662
See Attached Schedule Foreign Bonds 2,301,848 2,214,833

TY 2024 InvestmentsCorpStockSchedule
Name:
Stanley M Herzog Charitable Foundation
EIN:
81-4698720
Name of Stock End of Year Book Value End of Year Fair Market Value
See Attached Schedule Wells Fargo 98,946,155 119,202,992
See Attached Schedule Goldman Sachs 15,891,828 19,911,494

TY 2024 InvestmentsGovtObligationsSch
Name:
Stanley M Herzog Charitable Foundation
EIN:
81-4698720
US Government Securities - End of Year Book Value:

57,625,892
US Government Securities - End of Year Fair Market Value:

57,655,833
State & Local Government Securities - End of Year Book Value:


 
State & Local Government Securities - End of Year Fair Market Value:


 


TY 2024 InvestmentsOtherSchedule2
Name:
Stanley M Herzog Charitable Foundation
EIN:
81-4698720
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
Flint Hills Founders IV AT COST 565,243 581,707
NorthPoint Industrial Fun AT COST 5,278,860 5,278,860
Stewartsville Land AT COST 252,000 252,000
  AT COST    
  AT COST    
  FMV    
  FMV    
  FMV    
  FMV    
  FMV    
  FMV    
  FMV    
  FMV    
  FMV    
  FMV    
  FMV    
  FMV    
  FMV    
  FMV    
  FMV    

TY 2024 LegalFeesSchedule
Name:
Stanley M Herzog Charitable Foundation
EIN:
81-4698720
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Bryan Cave 96,179   96,179 96,179
James C Thomas III 20,571   20,571 20,571
Holtman Vogel 808   808 808
Graves Garrett 794   794 794


TY 2024 OtherAssetsSchedule
Name:
Stanley M Herzog Charitable Foundation
EIN:
81-4698720
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
Promissory Note 68,079,256    
Interest Receivable on Purchased Bonds 172,306 22,174 22,174


TY 2024 OtherDecreasesSchedule
Name:
Stanley M Herzog Charitable Foundation
EIN:
81-4698720
Description Amount
Estimated Tax Payments 88,318


TY 2024 OtherExpensesSchedule
Name:
Stanley M Herzog Charitable Foundation
EIN:
81-4698720
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Office Expenses 211,480   211,480 211,480
Advertising and Marketing 292,157   292,157 292,157
Venue Space Rental 386,721   386,721 386,721
Venue Food and Beverage 299,006   299,006 299,006
Supplies and Materials 116,559   116,559 116,559
Equipment 39,898   39,898 39,898
Repairs and Maintenance 19,111   19,111 19,111
Depreciation 738,172   738,172 738,172
Foreign WH 29,156 29,156 29,156  


TY 2024 OtherIncreasesSchedule
Name:
Stanley M Herzog Charitable Foundation
EIN:
81-4698720
Description Amount
Capital Gains 124,974


TY 2024 OtherProfessionalFeesSchedule
Name:
Stanley M Herzog Charitable Foundation
EIN:
81-4698720
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Inv Man FeesWells Fargo 771,046 771,046 771,046  
Inv Man FeesGoldman Sach 52,757 52,757 52,757  
Speaker Fees 215,500   215,500 215,500
Mentor Fees 37,725   37,725 37,725
Design Fees 116,800   116,800 116,800
Consulting Fees 18,000   18,000 18,000
Various Professional Fees 402,459   402,459 402,459
Inv Man FeesFlint Hills 24,856 24,856 24,856  
Inv Man FeesNorthPoint 235 235 235