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Nonprofiteer
← EDC STRATEGIC INITIATIVES FUND

Form 990 for tax year 2024

Filed by EDC STRATEGIC INITIATIVES FUND.

Totals

Total revenue
$4,541
Total expenses
$26,171
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$4,541
Other revenue
$0
Total assets, end of year
$191,213
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$191,213
Program services expenses (Part IX)
$3,021
Management and general expenses
$23,150
Fundraising expenses
$0
Program service expenses (Part III)
$3,021

Program services were 11.5% 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.

  • 3 · Investment income

    total $4,541 · excluded $4,541

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $23,150 · management and general $23,150

  • 23 · Insurance

    total $3,021 · program services $3,021

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $166,049 · end of year $142,721

  • 2 · Savings and temporary cash investments

    beginning of year $46,794 · end of year $46,981

  • 9 · Prepaid expenses and deferred charges

    end of year $1,511

  • 27 · Net assets without donor restrictions

    beginning of year $212,843 · end of year $191,213

Mission and programs · 2024

Mission

THE CHARITABLE FUND WILL ASSIST FOR PROFIT AND NOT FOR PROFIT ORGANIZATIONS IN EFFORTS TO LESSEN THE BURDENS OF GOVERNMENT BY COMBATTING COMMUNITY DETERIORATION, ETC.

  • REDEVELOPMENT OF CENTRALLY LOCATED INDUSTRIAL SITES THROUGH MERGING OF PUBLIC FUNDS AND DEVELOPMENT INCENTIVES WITH PRIVATE FUNDS AND DEVELOPMENT INITIATIVES.

    Expenses $3,021

As filed on the 2024 return.

Listed in Part VII

  • SPENCER FIELDS

    VICE PRESIDENT/DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRIDGETTE WILLIAMS

    CHAIRWOMAN/DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • CLYDE MCQUEEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROSANA PRIVITERA BIONDO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TRACEY LEWIS

    PRESIDENT & CEO

    Total calculated
    $299,775
    From this org
    $0
    From related orgs
    $247,500
    Other
    $52,275
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $225,000 related
    Bonus
    $0 + $22,500 related
    Other
    $0
    Deferred
    $0 + $22,977 related
    Nontaxable benefits
    $0 + $29,298 related
    Filer's total
    $0 + $299,775 related

  • HEATHER BROWN

    INTERIM PRESIDENT

    Total calculated
    $254,666
    From this org
    $0
    From related orgs
    $202,186
    Other
    $52,480
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $184,336 related
    Bonus
    $0 + $17,850 related
    Other
    $0
    Deferred
    $0 + $18,883 related
    Nontaxable benefits
    $0 + $33,597 related
    Filer's total
    $0 + $254,666 related

  • GAYLE PRICE

    SECRETARY

    Total calculated
    $109,301
    From this org
    $0
    From related orgs
    $71,935
    Other
    $37,366
    Hours/week
    1 + 40 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)

SCH J, PART II & FORM 990, PART VII
THE COMPENSATION REPORTED ON SCHEDULE J, PART II IS COMPENSATION PAID BY A RELATED ORGANIZATION, ECONOMIC DEVELOPMENT CORPORATION OF KANSAS CITY, MISSOURI.

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

No itemized grants to organizations 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
Filed
12 March 2026
IRS schema version
2024v5.5
Source object
202610759349301241

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