Skip to content
Nonprofiteer
← INDEPENDENCE AVENUE DEVELOPMENT

Form 990 for tax year 2024

Filed by INDEPENDENCE AVENUE DEVELOPMENT.

Totals

Total revenue
$0
Total expenses
$0
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,493,325
Total liabilities, end of year
$1,531,465
Net assets or fund balances, end of year
-$38,140
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$0

Listed in Part VII

  • JOE MASSMAN

    EVP/CFO/COO

    Total calculated
    $830,416
    From this org
    $0
    From related orgs
    $748,622
    Other
    $81,794
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $543,363 related
    Bonus
    $0 + $191,801 related
    Other
    $0 + $13,458 related
    Deferred
    $0 + $34,500 related
    Nontaxable benefits
    $0 + $47,294 related
    Filer's total
    $0 + $830,416 related

  • MARC HAHN

    PRESIDENT AND CEO

    Total calculated
    $1,325,126
    From this org
    $0
    From related orgs
    $1,256,936
    Other
    $68,190
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $811,096 related
    Bonus
    $0 + $400,471 related
    Other
    $0 + $45,369 related
    Deferred
    $0 + $34,500 related
    Nontaxable benefits
    $0 + $33,690 related
    Filer's total
    $0 + $1,325,126 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)

Schedule J, Part I, Line 3
JOSEPH MASSMAN AND MARC HAHN ARE COMPENSATED BY KANSAS CITY UNIVERSITY(KCU), A RELATED ORGANIZATION. KCU USES A COMPENSATION COMMITTEE, WRITTEN EMPLOYMENT CONTRACT, INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY OR STUDY, FORM 990 OF OTHER ORGANIZATIONS AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE TO ESTABLISH THEIR COMPENSATION.

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
14 February 2026
IRS schema version
2024v5.1
Source object
202600459349300515

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.