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Nonprofiteer
← KANSAS CITY REGIONAL DESTINATION DEVELOPMENT FOUNDATI

Form 990 for tax year 2023

Filed by KANSAS CITY REGIONAL DESTINATION DEVELOPMENT FOUNDATI.

Totals

Total revenue
$470,475
Total expenses
$429,842
Contributions and grants received
$882,648
Grants paid
$334,054
Program service revenue
$0
Investment income
$11,027
Other revenue
-$423,200
Total assets, end of year
$738,899
Total liabilities, end of year
$100,603
Net assets or fund balances, end of year
$638,296
Program services expenses (Part IX)
$429,842
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$429,842

Program services were 100.0% 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.

  • 1c · Fundraising events

    $428,000

  • 1f · All other contributions, gifts and grants

    $454,648

  • 3 · Investment income

    total $11,027 · excluded $11,027

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $428,000

  • 8b · Fundraising events: direct expenses

    $423,200

  • 8c · Net income from fundraising events

    total -$423,200 · excluded -$423,200

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $334,054 · program services $334,054

  • 21 · Payments to affiliates

    total $93,288 · program services $93,288

  • 24a · Other expenses: MISCELLANEOUS

    total $2,500 · program services $2,500

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $753,118 · end of year $458,763

  • 4 · Accounts receivable

    beginning of year $2,301 · end of year $19,109

  • 12 · Investments: other securities

    end of year $261,027

  • 15 · Other assets

    beginning of year $11,434 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $50,196 · end of year $63,545

  • 19 · Deferred revenue

    beginning of year $80,000

  • 25 · Other liabilities

    beginning of year $38,994 · end of year $37,058

  • 27 · Net assets without donor restrictions

    beginning of year $597,663 · end of year $638,296

Mission and programs · 2023

Mission

THE FOUNDATION ENHANCES THE QUALITY OF LIFE FOR THE KANSAS CITY REGION THROUGH TOURISM ADVOCACY AND WORKFORCE DEVELOPMENT.

Activities or mission (Part I)

TO ENHANCE THE QUALITY OF LIFE FOR KC THROUGH EDUCATION, SUPPORT AND DEVELOPMENT.

  • THE ANNUAL KANSAS CITY RESTAURANT WEEK (KCRW) PROGRAM WAS DEVELOPED IN PARTNERSHIP WITH THE GREATER KANSAS CITY RESTAURANT ASSOCIATION TO SHOWCASE RESTAURANTS TO LOCAL RESIDENTS AND VISITORS OVER A 10-DAY PERIOD. THE KCRW 2023 PROMOTION HIGHLIGHTED DINING VIA 218 PARTICIPATING RESTAURANTS (34 W/MBE) AND GIVING BACK TO CHARITIES DEDICATED TO IMPROVING OUR COMMUNITY WITH SERVICE AND EDUCATIONAL OPPORTUNITIES IN THE HOSPITALITY COMMUNITY.

    Expenses $429,842 · Grants $334,054

As filed on the 2023 return.

Listed in Part VII

  • Rachel Merlo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Pat MacDonald

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kevin Pistilli

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Maria Salcedo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brian Johnston

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cici Rojas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Keli Oneill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeanette Prenger

    VICE CHAIR/SEC./TREAS.

    Total calculated
    $0
    Hours/week
    1

  • Cindy Circo

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Kathy Nelson

    PRESIDENT AND CEO

    Total calculated
    $281,954
    From this org
    $0
    From related orgs
    $272,200
    Other
    $9,754
    Hours/week
    2 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $265,000 related
    Bonus
    $0
    Other
    $0 + $7,200 related
    Deferred
    $0 + $5,490 related
    Nontaxable benefits
    $0 + $4,264 related
    Filer's total
    $0 + $281,954 related

  • Randall Landes

    VP OF FINANCE AND CFO

    Total calculated
    $208,123
    From this org
    $0
    From related orgs
    $193,769
    Other
    $14,354
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $172,797 related
    Bonus
    $0 + $20,972 related
    Other
    $0
    Deferred
    $0 + $6,886 related
    Nontaxable benefits
    $0 + $7,468 related
    Filer's total
    $0 + $208,123 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

  • 1a · Travel for companions
  • 1a · Discretionary spending account
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee

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

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
2023
Filed
5 August 2024
IRS schema version
2023v5.1
Source object
202422189349301477

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