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Nonprofiteer
← DTC COMMUNITY DEVELOPMENT INC

Form 990 for tax year 2022

Filed by DTC COMMUNITY DEVELOPMENT INC.

Totals

Total revenue
$3,225,164
Total expenses
$2,969,075
Contributions and grants received
$3,225,164
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$306,089
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$306,089
Program services expenses (Part IX)
$2,802,630
Management and general expenses
$49,178
Fundraising expenses
$117,267
Program service expenses (Part III)
$2,802,630

Program services were 94.4% 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.

  • 1f · All other contributions, gifts and grants

    $3,225,164

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $3,200 · management and general $3,200

  • 11c · Fees: accounting

    total $130 · management and general $130

  • 11e · Fees: professional fundraising services

    total $105,036 · fundraising $105,036

  • 11g · Fees: other

    total $224,112 · program services $168,083 · management and general $44,823 · fundraising $11,206

  • 13 · Office expenses

    total $10,000 · program services $8,000 · management and general $1,000 · fundraising $1,000

  • 17 · Travel

    total $252 · program services $202 · management and general $25 · fundraising $25

  • 24a · Other expenses: PARK DESIGN AND ANALYSI

    total $2,626,345 · program services $2,626,345

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $50,000 · end of year $296,089

  • 4 · Accounts receivable

    end of year $10,000

  • 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 $50,000 · end of year $306,089

Mission and programs · 2022

Mission

THE ORGANIZATION'S PURPOSE IS TO IMPROVE THE GREATER DOWNTOWN AND URBAN CORE OF KANSAS CITY, MISSOURI AND TO PROMOTE SOCIAL WELFARE AND COMBAT COMMUNITY DETERIORATION.

  • DTC COMMUNITY DEVELOPMENT IS A 501(C)(3) NONPROFIT ORGANIZATION ESTABLISHED BY THE DOWNTOWN COUNCIL TO UNDERTAKE COMMUNITY DEVELOPMENT PROJECTS SUCH AS THE SOUTH LOOP PROJECT. THE ORGANIZATION IS IN THE MIDDLE OF A PHILANTHROPIC CAMPAIGN TO RAISE FUNDS FOR THE SOUTH LOOP PROJECT WHICH WILL BRIDGE THE DIVIDE OVER I-670 AND CREATE A WELCOMING, DYNAMIC, TRANQUIL PUBLIC PARK WITH ART, EDUCATION, AND ENTERTAINMENT. THE GOAL IS TO CREATE A 5+ ACRE PARK THAT IS INCLUSIVE, EQUITABLE, AND BENEFICIAL FOR OUR RESIDENTS AND VISITORS.

    Expenses $2,802,630

As filed on the 2022 return.

Listed in Part VII

  • William Dietrich

    PRESIDENT

    Total calculated
    $314,168
    From this org
    $0
    From related orgs
    $292,920
    Other
    $21,248
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $292,920 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $11,740 related
    Nontaxable benefits
    $0 + $9,508 related
    Filer's total
    $0 + $314,168 related

  • Sean O'Byrne

    TREASURER & SECRETARY

    Total calculated
    $227,558
    From this org
    $0
    From related orgs
    $206,924
    Other
    $20,634
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $206,924 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $8,410 related
    Nontaxable benefits
    $0 + $12,224 related
    Filer's total
    $0 + $227,558 related

  • Charlie Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Suzi Roberts

    TOP FINANCIAL OFFICER

    Total calculated
    $123,936
    From this org
    $0
    From related orgs
    $110,259
    Other
    $13,677
    Hours/week
    1 + 39 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
THE RELATED ORGANIZATION HAS A COMPENSATION COMMITTEE THAT INDEPENDENTLY DETERMINES THE COMPENSATION FOR THE PRESIDENT BY REFERENCE TO COMPARABILITY DATA AND CONTEMPORANEOUSLY SUBSTANTIATES ITS DELIBERATIONS AND DECISIONS. THE RELATED ORGANIZATION'S PRESIDENT DETERMINES OTHER OFFICERS' SALARIES AND THE COMPENSATION IS THEN APPROVED BY THE BOARD OF DIRECTORS.

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
2022
Filed
12 September 2024
IRS schema version
2022v5.0
Source object
202422599349300627

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