Skip to content
Nonprofiteer
← PROSPECT KC

Form 990 for tax year 2024

Filed by PROSPECT KC.

Totals

Total revenue
$850,741
Total expenses
$843,551
Contributions and grants received
$686,564
Grants paid
$841
Program service revenue
$0
Investment income
$0
Other revenue
$164,177
Total assets, end of year
$45,795
Total liabilities, end of year
$48,181
Net assets or fund balances, end of year
-$2,386
Program services expenses (Part IX)
$627,434
Management and general expenses
$153,891
Fundraising expenses
$62,226
Program service expenses (Part III)
$627,434

Program services were 74.4% 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.

  • 1a · Federated campaigns

    $100,000

  • 1c · Fundraising events

    $6,435

  • 1e · Government grants (contributions)

    $49,677

  • 1f · All other contributions, gifts and grants

    $530,452

  • 8a · Fundraising events: gross income

    $400

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

    $6,435

  • 8b · Fundraising events: direct expenses

    $2,776

  • 8c · Net income from fundraising events

    total -$2,376 · excluded -$2,376

  • 10a · Gross sales of inventory

    $329,702

  • 10b · Cost of goods sold

    $163,149

  • 10c · Net income from sales of inventory

    total $166,553 · related or exempt $166,553

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $841 · program services $841

  • 5 · Compensation of officers, directors and key employees

    total $89,866 · program services $67,400 · management and general $17,973 · fundraising $4,493

  • 6 · Compensation of disqualified persons

    total $57,610 · program services $43,208 · management and general $11,522 · fundraising $2,880

  • 7 · Other salaries and wages

    total $311,415 · program services $233,561 · management and general $62,283 · fundraising $15,571

  • 9 · Other employee benefits

    total $25,568 · program services $19,969 · management and general $4,585 · fundraising $1,014

  • 10 · Payroll taxes

    total $38,144 · program services $28,608 · management and general $7,629 · fundraising $1,907

  • 11b · Fees: legal

    total $3,500 · management and general $3,500

  • 11c · Fees: accounting

    total $1,200 · management and general $1,200

  • 11e · Fees: professional fundraising services

    total $14,025 · fundraising $14,025

  • 11g · Fees: other

    total $61,325 · program services $45,994 · management and general $12,265 · fundraising $3,066

  • 12 · Advertising and promotion

    total $30,908 · program services $24,727 · management and general $1,545 · fundraising $4,636

  • 13 · Office expenses

    total $35,513 · program services $26,064 · management and general $6,518 · fundraising $2,931

  • 14 · Information technology

    total $16,917 · program services $11,842 · management and general $3,383 · fundraising $1,692

  • 16 · Occupancy

    total $49,900 · program services $39,920 · management and general $7,485 · fundraising $2,495

  • 17 · Travel

    total $32,113 · program services $24,085 · management and general $4,817 · fundraising $3,211

  • 19 · Conferences, conventions and meetings

    total $9,391 · program services $7,512 · management and general $470 · fundraising $1,409

  • 20 · Interest

    total $4,075 · program services $4,075

  • 22 · Depreciation, depletion and amortization

    total $16,954 · program services $11,868 · management and general $3,391 · fundraising $1,695

  • 23 · Insurance

    total $15,220 · program services $12,115 · management and general $3,044 · fundraising $61

  • 24a · Other expenses: KITCHEN AND COOKING SUP

    total $17,663 · program services $17,663

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $11,403 · program services $7,982 · management and general $2,281 · fundraising $1,140

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $78,363 · end of year $8,579

  • 5 · Loans and receivables from officers and key people

    end of year $524

  • 10a · Land, buildings and equipment: cost or other basis

    $63,651

  • 10b · Land, buildings and equipment: accumulated depreciation

    $27,085

  • 10c · Land, buildings and equipment, net

    beginning of year $53,520 · end of year $36,566

  • 15 · Other assets

    beginning of year $0 · end of year $126

  • 22 · Loans and payables to officers and key people

    end of year $6,500

  • 24 · Unsecured notes and loans payable

    beginning of year $125,370 · end of year $16,045

  • 25 · Other liabilities

    beginning of year $16,089 · end of year $25,636

  • 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 -$9,576 · end of year -$2,386

Mission and programs · 2024

Mission

TO EMPOWER COMMUNITIES THROUGH FOOD-BASED SOLUTIONS AND CULINARY WORKFORCE DEVELOPMENT.

  • 16-WEEK TRAINING PROGRAM

    Expenses $357,637 · Revenue $329,702

  • COMMUNITY CULINARY AND EDUCATION WORKSHOPS.

    Expenses $194,505

  • COMMUNITY MEALS AND OUTREACH WITH AN EMPHASIS ON FOOD RECOVERY AND REDIRECTION.

    Expenses $75,292 · Grants $841

As filed on the 2024 return.

Listed in Part VII

  • Carol Taylor

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    10
  • Andrea Newton

    GOVERNANCE CHAIR

    Total calculated
    $0
    Hours/week
    10
  • Theresa Davis-Sender

    SECRETARY

    Total calculated
    $0
    Hours/week
    10
  • Maragret Okuren

    TREASURER

    Total calculated
    $0
    Hours/week
    10
  • Dennis Powell

    MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Iman Lott-Powell

    MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Velisa Jones

    MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Sheila Johnson

    MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Shay Moore

    MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Tawana Whitmore

    MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Shanita McAfee

    EXECUTIVE DIRECTOR

    Total calculated
    $89,866
    From this org
    $84,500
    From related orgs
    $0
    Other
    $5,366
    Hours/week
    80

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
11 November 2025
IRS schema version
2024v5.2
Source object
202533159349302643

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.