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Nonprofiteer
← DTC COMMUNITY DEVELOPMENT INC

Form 990 for tax year 2024

Filed by DTC COMMUNITY DEVELOPMENT INC.

Totals

Total revenue
$1,936,542
Total expenses
$1,407,891
Contributions and grants received
$1,936,542
Grants paid
$1,000,000
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$3,154,753
Total liabilities, end of year
$36,455
Net assets or fund balances, end of year
$3,118,298
Program services expenses (Part IX)
$1,260,461
Management and general expenses
$14,915
Fundraising expenses
$132,515
Program service expenses (Part III)
$1,260,461

Program services were 89.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,936,542

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,000,000 · program services $1,000,000

  • 11c · Fees: accounting

    total $3,245 · management and general $3,245

  • 11e · Fees: professional fundraising services

    total $124,708 · fundraising $124,708

  • 11g · Fees: other

    total $24,259 · program services $18,194 · management and general $4,852 · fundraising $1,213

  • 13 · Office expenses

    total $4,400 · program services $4,028 · management and general $298 · fundraising $74

  • 17 · Travel

    total $65,203 · program services $52,163 · management and general $6,520 · fundraising $6,520

  • 24a · Other expenses: PARK DESIGN AND ANALYSI

    total $186,076 · program services $186,076

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,574,647 · end of year $3,139,753

  • 4 · Accounts receivable

    beginning of year $15,000 · end of year $15,000

  • 17 · Accounts payable and accrued expenses

    end of year $36,455

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $2,589,647 · end of year $3,118,298

Mission and programs · 2024

Mission

THE ORGANIZATION'S PURPOSE IS TO IMPROVE THE GREATER DOWNTOWN AND URBAN CORE OF KANSAS CITY, MISSOURI AND TO PROMOTE SOCIAL WELFARE AND COMBAT COMMUNITY DETERIORATION.

  • DTC COMMUNITY DEVELOPMENT IS A 501(C)(3) NONPROFIT ORGANIZATION ESTABLISHED BY THE DOWNTOWN COUNCIL TO UNDERTAKE COMMUNITY DEVELOPMENT PROJECTS SUCH AS THE SOUTH LOOP PROJECT. THE ORGANIZATION IS IN THE MIDDLE OF A PHILANTHROPIC CAMPAIGN TO RAISE FUNDS FOR THE SOUTH LOOP PROJECT WHICH WILL BRIDGE THE DIVIDE OVER I-670 AND CREATE A WELCOMING, DYNAMIC, TRANQUIL PUBLIC PARK WITH ART, EDUCATION, AND ENTERTAINMENT. THE GOAL IS TO CREATE A 5+ ACRE PARK THAT IS INCLUSIVE, EQUITABLE, AND BENEFICIAL FOR OUR RESIDENTS AND VISITORS.

    Expenses $1,260,461 · Grants $1,000,000

As filed on the 2024 return.

Listed in Part VII

  • WILLIAM DIETRICH

    TREASURER & SECRETARY

    Total calculated
    $346,064
    From this org
    $0
    From related orgs
    $318,293
    Other
    $27,771
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $318,293 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $13,253 related
    Nontaxable benefits
    $0 + $14,518 related
    Filer's total
    $0 + $346,064 related

  • JEFF JONES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • TIM DUNN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • GIB KERR

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • MARIO VASQUEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • JON STEPHENS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • JASON PARSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • ANN HOLLIDAY

    DIRECTOR

    Total calculated
    $133,339
    From this org
    $0
    From related orgs
    $102,447
    Other
    $30,892
    Hours/week
    1 + 39 related

  • SUZI ROBERTS

    TOP FINANCIAL OFFICER

    Total calculated
    $163,263
    From this org
    $0
    From related orgs
    $147,634
    Other
    $15,629
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $147,634 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,103 related
    Nontaxable benefits
    $0 + $9,526 related
    Filer's total
    $0 + $163,263 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE RELATED ORGANIZATION DETERMINES COMPENSATION THROUGH COMPENSATION COMMITTEE MEETINGS AND COMPARABILITY DATA. THE DECISIONS ARE CONTEMPORANEOUSLY DOCUMENTED.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
IRS schema version
2024v5.5
Source object
202632579349301668

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