2026-09-21T11:26:43-05:00 2025-12-31 341874260 CBIZ ADVISORS LLC 700 WEST 47TH STREET SUITE 1100 KANSAS CITY MO 64112 990 2025-01-01 431715390 KEMPER MUSEUM OPERATING FOUNDATION KEMP 8167535784 4420 WARWICK BOULEVARD KANSAS CITY MO 64111 JESSICA MAY EXECUTIVE DIRECTOR 8167535784 2026-09-14 1 LISA BURKE P00220718 8169455500 2026-09-14 2025 KEMPER MUSEUM OF CONTEMPORARY ART JESSICA MAY 4420 WARWICK BOULEVARD KANSAS CITY MO 64111 4644269 0 X WWW.KEMPERART.ORG X 1995 MO KEMPER MUSEUM EXHIBITS, COLLECTS, AND EDUCATES IN A FREE AND WELCOMING ENVIRONMENT. 15 15 76 255 6537 0 3540506 2816124 40000 172257 654101 789010 -24810 -187327 4209797 3590064 0 0 0 0 2161583 2172351 0 0 583730 2492127 2573753 4653710 4746104 -443913 -1156040 18607336 17688443 742216 728238 17865120 16960205 KEMPER MUSEUM OF CONTEMPORARY ART EXHIBITS, COLLECTS, AND ENGAGES IN A FREE AND WELCOMING ENVIRONMENT FOR ALL. 0 0 2789464 172257 KEMPER MUSEUM OF CONTEMPORARY ART PROVIDES A VITAL GATEWAY FOR KANSAS CITY AND THE REGION TO CONNECT WITH THE ART AND ARTISTS OF OUR TIME IN AN ALWAYS FREE AND WELCOMING ENVIRONMENT. FROM BRINGING INTERNATIONALLY RENOWNED ARTISTS WITH AMBITIOUS IDEAS TO THE MIDWEST, TO DEVELOPING CURRICULUM WITH LOCAL MEDICAL SCHOOLS, TO HOSTING FREE SCHOOL TOURS AND ART CAMPS FOR KIDS, THE MUSEUM'S EXHIBITIONS AND PUBLIC PROGRAMS INSPIRE PEOPLE, HELP THEM DISCOVER OUTLETS FOR SELF-EXPRESSION AND DIALOGUE, AND BRING DEEPER MEANING TO THEIR LIVES. 2789464 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 72 0 1 76 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 15 15 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 0 1 0 0 MO X JESSICA MAY EXECUTIVE DIRECTOR 8164576121 4420 WARWICK BLVD KANSAS CITY MO 64111 WILLIAM GAUTREAUX TRUSTEE, CHAIR 1.00 X X 0 0 0 ERICA MCGEACHY CRENSHAW TRUSTEE, VICE CHAIR 1.00 X X 0 0 0 JIM LAWRENCE TRUSTEE, SECRETARY 1.00 X X 0 0 0 ELIZABETH AMIRAHMADI TRUSTEE 1.00 X 0 0 0 RICHARD DICK ANDERSON TRUSTEE 1.00 X 0 0 0 DAN FROMM TRUSTEE 1.00 X 0 0 0 DR ADRIENNE WALKER HOARD TRUSTEE 1.00 X 0 0 0 KAREN HOLLAND TRUSTEE 1.00 X 0 0 0 SHEILA KEMPER DEITRICH TRUSTEE (TERM START 9/15/25) 1.00 X 0 0 0 GREG MADAY TRUSTEE, FINANCE CHAIR 1.00 X 0 0 0 KAT WOOD NORRIS TRUSTEE 1.00 X 0 0 0 DUVEL DJ PIERRE TRUSTEE 1.00 X 0 0 0 ELIZA ROOMETUA TRUSTEE 1.00 X 0 0 0 CATHY BEAHAM SMITH TRUSTEE 1.00 X 0 0 0 TOMA WOLFF TRUSTEE 1.00 X 0 0 0 JESSICA MAY EXECUTIVE DIRECTOR 40.00 X 214819 0 17289 LILY CARPIO DIRECTOR OF FINANCE & OPERATIONS (THRU 8/12/25) 40.00 X 126281 0 14762 DAN ECK CHIEF OPERATING OFFICER (AS OF 9/8/25) 40.00 X 35291 0 0 JESSICA HONG CHIEF CURATOR 40.00 X 127857 0 15423 504248 0 47474 3 0 1 0 0 319359 2496765 2816124 TRAVELING EXHIBITION 712110 165000 165000 7257 7257 172257 205657 205657 119 119 598455 15102 583353 583353 583353 43375 319359 110212 -66837 -66837 808282 928891 -120609 6537 -127146 3590064 172257 6537 595146 X 408442 108210 237569 62663 1356311 804261 452239 99811 46678 46678 244649 187182 39702 17765 116271 57339 46892 12040 9619 9619 37823 37823 28726 28726 487561 220646 175009 91906 44654 35523 788 8343 111050 49355 27257 34438 126894 21193 86688 19013 603480 482924 19918 100638 31235 17372 13686 177 88529 23681 26809 38039 515084 407431 8756 98897 114751 114751 EXHIBITIONS 374347 374347 4746104 2789464 1372910 583730 972474 527850 726468 64 86463 107132 62174 109287 66392 53650 89750 56267 18815480 10972159 8250043 7843321 8026418 8771259 327154 219613 18607336 17688443 379103 479594 1169 1770 361944 246874 742216 728238 X 14432926 13562749 3432194 3397456 17865120 16960205 18607336 17688443 X -1156040 279125 -28000 X 0 0 0 X 3831224 3050287 3475222 3540506 2816124 16713363 3831224 3050287 3475222 3540506 2816124 16713363 8637588 8075775 186295 166913 211660 248256 205776 1018900 17732263 3721878 0.45540 0.45270 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 2824723 335511 100895 3059339 2627506 298112 100895 2824723 2488774 342628 203893 2627509 2957617 -360162 108684 2488771 2699526 358273 100182 2957617 0.00000 0.69214 0.30786 0 0 2700000 2700000 13427165 9230036 4197129 2600872 1656989 943883 87443 85134 2309 7843321 RIGHT OF USE LIABILITIES 246874 246874 PART III, LINE 1A: THE MUSEUM ACCOUNTS FOR COLLECTIONS IN ACCORDANCE WITH TOPIC 958, NOT FOR PROFIT ENTITIES: UPDATING THE DEFINITION OF COLLECTIONS. UNDER THIS GUIDANCE PROCEEDS FROM SALES OF COLLECTION ITEMS CAN ALSO BE USED TO SUPPORT THE DIRECT CARE OF EXISTING COLLECTIONS. ADDITIONALLY, AN ENTITY WHICH HOLDS A COLLECTION MUST DISCLOSE A POLICY FOR HOW IT USES THE PROCEEDS THAT IT RECEIVES WHEN IT DISPOSES OF AN ITEM IN A COLLECTION. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED ON THE STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS BASED ON THE ABSENCE OR EXISTENCE AND NATURE OF DONOR-IMPOSED RESTRICTIONS. COLLECTION ITEMS ACQUIRED EITHER THROUGH PURCHASE OR DONATION ARE NOT CAPITALIZED. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN NET ASSETS WITHOUT DONOR RESTRICTIONS IF PURCHASED WITH ASSETS NOT SUBJECT TO DONOR-IMPOSED RESTRICTIONS, OR AS DECREASES IN NET ASSETS WITH DONOR RESTRICTIONS IF THE ASSETS USED TO PURCHASE THE ITEMS WERE RESTRICTED BY DONORS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED. CONTRIBUTIONS OF COLLECTION ITEMS ARE NOT RECOGNIZED IN THE STATEMENTS OF ACTIVITIES AND CHANGE IN NET ASSETS. MUSEUM POLICY REQUIRES THAT PROCEEDS FROM SALES OF COLLECTION ITEMS MUST BE USED TO ACQUIRE OTHER COLLECTION ITEMS. THERE WERE NO SALES OF ARTWORK DURING THE YEARS THEN ENDED DECEMBER 31, 2025 AND 2024. PART III, LINE 4: THE MUSEUM HOLDS A 1,538-PIECE PERMANENT COLLECTION FOR EDUCATIONAL, RESEARCH, SCIENTIFIC, AND CURATORIAL PURPOSES AS OF DECEMBER 31, 2025. EACH OF THE ITEMS IS CATALOGUED, PRESERVED AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. NO PIECES OF WORK WERE DEACCESSED DURING THE YEAR. ONE PIECE OF ARTWORK WAS PURCHASED BY THE MUSEUM FOR $28,000. ALSO, 5 PIECES WERE DONATED WITH 50% OWNERSHIP TO THE MUSEUM DURING THE YEAR ENDED DECEMBER 31, 2025. PART V, LINE 4: THE MUSEUM'S ENDOWMENT CONSISTS OF THREE FUNDS ESTABLISHED FOR VARIOUS PROGRAMS. THE FUNDS INCLUDE ONLY DONOR-RESTRICTED FUNDS. ENDOWMENT BALANCES WITH DONOR RESTRICTIONS INCLUDE THE ORIGINAL VALUE AT THE DATE OF THE GIFT. THE EARNINGS ON THESE FUNDS ARE RESTRICTED UNTIL APPROPRIATED FOR EXPENDITURE. SCHEDULE D, PART XI & XII: KEMPER MUSEUM OPERATING FOUNDATION IS CHANGING TO A JUNE 30 YEAR END, EFFECTIVE JUNE 30, 2026. THERE WILL BE AN 18-MONTH AUDIT FOR THE PERIOD FROM JANUARY 1, 2025 THROUGH JUNE 30, 2026. THERE IS NO SEPARATE AUDIT FOR THE PERIOD FROM JANUARY 1, 2025 THROUGH DECEMBER 31, 2025, THEREFORE, THE 2025 990 IS MARKED AS UNAUDITED. ARTSMASH GALA 362734 319359 43375 42625 750 66837 362734 319359 43375 42625 750 66837 110212 -66837 X 1 0 0 0 0 0 0 0 0 JESSICA MAY EXECUTIVE DIRECTOR 214819 0 0 0 0 0 4375 0 12914 0 232108 0 0 0 PART I, LINE 4A LILY CARPIO, DIRECTOR OF FINANCE & OPERATIONS, RECEIVED A SEVERANCE PAYMENT OF $25,004 EQUAL TO 3-MONTHS PAY. UNDER THE TERMS OF THE AGREEMENT, THE MUSEUM IS RELIEVED OF ALL CLAIMS, DAMAGES AND LIABILITY. THE CONDITIONS FOR SEVERANCE PAY INCLUDE PAYMENT OF ALL HOURS WORKED, NO UNREPORTED WORK-RELATED INJURIES, RETURN OF EMPLOYER PROPERTY, NON-DISPARAGEMENT AGREEMENT, NON-DISCLOSURE OF MUSEUM CONFIDENTIAL INFORMATION, AND CONFIDENTIALLY OF THE SEVERANCE AGREEMENT. IF THE CONDITIONS OF THE AGREEMENT ARE BROKEN, THE SEVERANCE PAY MUST BE REPAID. THERE IS NO OPTION FOR REEMPLOYMENT. X 5 0 SEE PART II 0 0 0 0 PART I, COLUMN (B): COLUMN (B) REPORTS THE NUMBER OF ITEMS CONTRIBUTED. PART I, LINE 33: THE MUSEUM ACCOUNTS FOR COLLECTIONS IN ACCORDANCE WITH TOPIC 958. CONTRIBUTIONS OF COLLECITONS ITEMS ARE NOT RECOGNIZED IN THE STATEMENTS OF ACTIVITIES AND CHANGE IN NET ASSETS. SEE SCHEDULE D, PART III. FORM 990, PART VI, SECTION A, LINE 1A THE GOVERNANCE COMMITTEE HAS THE POWER TO EXERCISE THE AUTHORITY OF THE BOARD OF TRUSTEES IN THE MANAGEMENT OF THE FOUNDATION BETWEEN BOARD MEETINGS. THE COMMITTEE CONSISTS OF THREE OR MORE TRUSTEES, WHICH MAY INCLUDE NO MORE THAN ONE CATEGORY K TRUSTEE, ELECTED BY A MAJORITY VOTE OF THE TRUSTEES. THE IMMEDIATE PAST CHAIRMAN SHALL BE ELECTED TO THE COMMITTEE AND THE CHAIRPERSON OF THE BOARD OF TRUSTEES SERVES AS AN EX-OFFICIO MEMBER OF THE COMMITTEE. THE COMMITTEE IS REQUIRED TO KEEP MINUTES OF ITS MEETINGS AND REPORT THE SAME TO THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7A THERE ARE TWO CATEGORIES OF TRUSTEES, CATEGORY G TRUSTEES AND CATEGORY K TRUSTEES. THE CATEGORY G TRUSTEES AND CATEGORY K TRUSTEES COLLECTIVELY CONSTITUTE THE BOARD OF TRUSTEES. EACH CATEGORY G TRUSTEE AND CATEGORY K TRUSTEE IS ELECTED BY A MAJORITY VOTE OF THE TRUSTEES; HOWEVER, THE TRUSTEES MAY ELECT ONLY CATEGORY K TRUSTEES WHO ARE NOMINATED BY THE KEMPER FAMILY FOUNDATIONS DESIGNATED IN THE TRUST INDENTURE. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE MANAGER AND CHIEF DIRECTOR OF OPERATIONS REVIEW FORM 990 FOR ACCURACY AND RECONCILE TO THE ANNUAL FINANCIAL STATEMENT AUDIT PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, EACH TRUSTEE MUST SUBMIT IN WRITING A CONFLICT OF INTEREST DISCLOSURE STATEMENT LISTING ALL FINANCIAL INTERESTS AND OTHER POTENTIAL CONFLICTS OF INTEREST TO THE BOARD SECRETARY. IF A FINANCIAL INTEREST OR CONFLICT OF INTEREST ARISES AFTER A TRUSTEE HAS FILED THE ANNUAL DISCLOSURE STATEMENT, THE TRUSTEE MUST FILE AN UPDATED CONFLICT OF INTEREST DISCLOSURE STATEMENT. THE TRUSTEE MUST BE GIVEN AN OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE GOVERNANCE COMMITTEE, WHICH DETERMINES WHETHER A CONFLICT EXISTS UNDER THE POLICY. THE DISCLOSURE OF ANY CONFLICTS, RECUSAL OF THE INTERESTED PARTY, DELIBERATION, AND VOTE REGARDING THE PROPOSED TRANSACTION OR ARRANGEMENT IS DOCUMENTED IN THE MINUTES. FORM 990, PART VI, SECTION B, LINE 15A UPON HIRE, EXECUTIVE DIRECTOR COMPENSATION IS DETERMINED BY THE EXECUTIVE SEARCH COMMITTEE OF THE BOARD WITH INPUT FROM THE SEARCH FIRM. ANY SUBSEQUENT COMPENSATION ADJUSTMENTS ARE RECOMMENDED BY THE BOARD OF TRUSTEES WITH THE BOARD CHAIR HAVING ULTIMATE APPROVAL. ALL OTHER OFFICERS AND EMPLOYEES GENERALLY RECEIVE PERFORMANCE EVALUATIONS ANNUALLY. WAGE ADJUSTMENTS ARE NOT GUARANTEED AND MAY BE MADE AT ANY TIME AT THE SOLE DISCRETION OF THE EXECUTIVE DIRECTOR. ADJUSTMENTS DEPEND ON A NUMBER OF FACTORS INCLUDING PERFORMANCE, PRODUCTIVITY, SENIORITY, AND OTHER LAWFUL FACTORS. FORM 990, PART VI, SECTION C, LINE 19 THE MUSEUM MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACTUAL SERVICES: PROGRAM SERVICE EXPENSES 220,646. MANAGEMENT AND GENERAL EXPENSES 132,007. FUNDRAISING EXPENSES 91,906. TOTAL EXPENSES 444,559. PAYROLL AND RETIREMENT PLAN ADMINISTRATIVE SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 9,139. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,139. RECRUITING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 33,863. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 33,863. FORM 990, PART XI, LINE 9: COLLECTION ITEMS PURCHASED BUT NOT CAPITALIZED -28,000.