Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $1,607,003

• 1g · Noncash contributions included above

  $76,709

• 2a · Program service revenue: SPORTS EVENTS

  total $2,650,135 · related or exempt $2,650,135

• 2b · Program service revenue: SERVICES FOR RELATED O

  total $211,017 · related or exempt $211,017

• 2c · Program service revenue: MEMBERSHIP FEES

  total $530 · related or exempt $530

• 3 · Investment income

  total $306 · excluded $306

• 6a · Gross rents

  real property $83,740

• 6b · Less rental expenses

  real property $71,767

• 6c · Rental income or loss

  real property $11,973

• 6d · Net rental income or loss

  total $11,973 · excluded $11,973

• 7b · Less cost or other basis and sales expenses

  other assets $2,898

• 7c · Gain or loss

  other assets -$2,898

• 7d · Net gain or loss

  total -$2,898 · excluded -$2,898

• 11a · Other revenue: MISC INCOME

  total $10,000 · related or exempt $10,000

• 11e · Other revenue, total

  $10,000

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $1,770 · program services $1,770

• 5 · Compensation of officers, directors and key employees

  total $179,218 · program services $107,172 · management and general $39,894 · fundraising $32,152

• 7 · Other salaries and wages

  total $425,210 · program services $254,275 · management and general $94,652 · fundraising $76,283

• 8 · Pension plan contributions

  total $25,255 · program services $15,102 · management and general $5,622 · fundraising $4,531

• 9 · Other employee benefits

  total $47,158 · program services $28,201 · management and general $10,497 · fundraising $8,460

• 10 · Payroll taxes

  total $49,367 · program services $29,522 · management and general $10,989 · fundraising $8,856

• 11b · Fees: legal

  total $173,501 · management and general $173,501

• 11c · Fees: accounting

  total $19,683 · management and general $19,683

• 11d · Fees: lobbying

  total $36,000 · program services $36,000

• 11g · Fees: other

  total $936 · program services $560 · management and general $208 · fundraising $168

• 12 · Advertising and promotion

  total $29,716 · program services $17,770 · management and general $6,615 · fundraising $5,331

• 13 · Office expenses

  total $51,189 · program services $30,611 · management and general $11,395 · fundraising $9,183

• 14 · Information technology

  total $72,428 · program services $43,312 · management and general $16,122 · fundraising $12,994

• 16 · Occupancy

  total $50,903 · program services $30,440 · management and general $11,331 · fundraising $9,132

• 17 · Travel

  total $10,148 · program services $6,068 · management and general $2,259 · fundraising $1,821

• 19 · Conferences, conventions and meetings

  total $22,582 · program services $13,504 · management and general $5,027 · fundraising $4,051

• 22 · Depreciation, depletion and amortization

  total $118,002 · program services $70,565 · management and general $26,267 · fundraising $21,170

• 23 · Insurance

  total $54,642 · program services $32,676 · management and general $12,163 · fundraising $9,803

• 24a · Other expenses: PROGRAM EVENTS

  total $2,968,716 · program services $2,968,716

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $13,631 · end of year $25,725

• 4 · Accounts receivable

  beginning of year $413,744 · end of year $71,032

• 9 · Prepaid expenses and deferred charges

  beginning of year $20,768 · end of year $21,297

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

  $990,817

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

  $311,738

• 10c · Land, buildings and equipment, net

  beginning of year $324,596 · end of year $679,079

• 12 · Investments: other securities

  beginning of year $1,141 · end of year $1,141

• 14 · Intangible assets

  beginning of year $10,000 · end of year $0

• 15 · Other assets

  beginning of year $1,607,194 · end of year $2,451,982

• 17 · Accounts payable and accrued expenses

  beginning of year $274,730 · end of year $101,344

• 19 · Deferred revenue

  beginning of year $124,843 · end of year $122,209

• 25 · Other liabilities

  beginning of year $649,304 · end of year $1,532,864

• 27 · Net assets without donor restrictions

  beginning of year $1,342,197 · end of year $1,493,839

The filer's explanations (Part III)

PART I, LINE 4A

KATHERINE HOLLAND RECEIVED A SEVERANCE PAYMENT OF $66,000. THIS SEVERANCE PAYMENT WAS REIMBURSED BY KC2026 (AN ORGANIZATION WITH A SIMILAR PURPOSE IN THE REGION).

SCHEDULE J, PART II

A PORTION OF OFFICER AND EMPLOYEE COMPENSATION IS REIMBURSED BY THE GREATER KANSAS CITY SPORTS FOUNDATION (A RELATED ORGANIZATION), VISIT KC (AN EXEMPT ORGANIZATION WITH A SIMILAR PURPOSE IN THE REGION), AND KC2026 (ORGANIZATION WITH SIMILAR PURPOSE IN THE REGION). THE EMPLOYEES PERFORM SERVICES FOR ALL THE ORGANIZATIONS. THIS ORGANIZATION ISSUES THE FORM W-2.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• EVENTUNITED INC

  C · EVENT MANAGEMENT · MO · 100% owned · share of assets $1,141 · controlled entity

  Directly controlled by GREATER KANSAS CITY SPORTS COMMISSION