Totals
- Total revenue
- $7,554,160
- Total expenses
- $4,008,494
- Contributions and grants received
- $4,907,831
- Grants paid
- $42,500
- Program service revenue
- $2,646,329
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $28,600,219
- Total liabilities, end of year
- $10,700,888
- Net assets or fund balances, end of year
- $17,899,331
- Program services expenses (Part IX)
- $2,658,837
- Management and general expenses
- $1,044,503
- Fundraising expenses
- $305,154
- Program service expenses (Part III)
- $2,658,837
Program services were 66.3% 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.
-
1e · Government grants (contributions)
$2,585,181
-
1f · All other contributions, gifts and grants
$2,322,650
-
2a · Program service revenue: New Market Tax Credit fees
total $1,137,439 · related or exempt $1,137,439
-
2b · Program service revenue: Consumer lending
total $1,508,890 · related or exempt $1,508,890
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $42,500 · program services $42,500
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $729,245 · program services $194,864 · management and general $447,938 · fundraising $86,443
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $983,583 · program services $639,329 · management and general $295,075 · fundraising $49,179
-
8 · Pension plan contributions
total $28,091 · program services $18,259 · management and general $8,427 · fundraising $1,405
-
9 · Other employee benefits
total $31,427 · program services $20,428 · management and general $9,428 · fundraising $1,571
-
10 · Payroll taxes
total $125,620 · program services $81,653 · management and general $37,686 · fundraising $6,281
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $239,499 · program services $239,499
-
11c · Fees: accounting
total $96,515 · management and general $96,515
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $352,563 · program services $210,610 · management and general $13,015 · fundraising $128,938
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $26,636 · program services $4,327 · management and general $10,161 · fundraising $12,148
-
14 · Information technology
total $229,544 · program services $206,544 · management and general $11,500 · fundraising $11,500
-
15 · Royalties
total $0
-
16 · Occupancy
total $43,062 · program services $25,837 · management and general $12,919 · fundraising $4,306
-
17 · Travel
total $65,571 · management and general $65,571
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $359,855 · program services $359,855
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $15,256 · program services $7,307 · management and general $4,566 · fundraising $3,383
-
23 · Insurance
total $0
-
24a · Other expenses: Bad debt expense
total $423,443 · program services $423,443
-
24b · Other expenses: Lending activities direct costs
total $134,887 · program services $134,887
-
24c · Other expenses: Sponsorships
total $22,812 · program services $22,812
-
24e · All other expenses
total $58,385 · program services $26,683 · management and general $31,702
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $9,178,660 · end of year $3,592,664
-
2 · Savings and temporary cash investments
beginning of year $4,000,000
-
4 · Accounts receivable
beginning of year $589,160 · end of year $193,665
-
9 · Prepaid expenses and deferred charges
beginning of year $46,029
-
10a · Land, buildings and equipment: cost or other basis
$22,260
-
10b · Land, buildings and equipment: accumulated depreciation
$21,871
-
10c · Land, buildings and equipment, net
beginning of year $544 · end of year $389
-
13 · Investments: program-related
beginning of year $16,412,085 · end of year $17,918,187
-
14 · Intangible assets
beginning of year $29,876 · end of year $14,775
-
15 · Other assets
end of year $6,880,539
-
17 · Accounts payable and accrued expenses
beginning of year $352,058 · end of year $494,753
-
19 · Deferred revenue
beginning of year $431,882
-
24 · Unsecured notes and loans payable
beginning of year $11,806,771 · end of year $10,151,126
-
25 · Other liabilities
beginning of year $255,072 · end of year $55,009
-
27 · Net assets without donor restrictions
beginning of year $12,945,655 · end of year $11,044,373
-
28 · Net assets with donor restrictions
beginning of year $4,464,916 · end of year $6,854,958
Mission and programs · 2023
Mission
To be a catalyst for investment in Kansas City metropolitan communities throught innovative financial products, targeted economic and community development programming, and the development of strategic partnerships that promote community collaboration and capacity building.
Activities or mission (Part I)
See description on Page 2, Part III, Line 1
-
Lending In 2022, the Organization continued to deploy needed financing to underserved and overlooked entrepreneurs. The Organization was able expand its reach to more communities and serve more entrepreneurs, providing access to capital to support new, small business creation as well as support the growth of existing small businesses. In addition to small business and micro loans, the Organization increased the availability, accessibility and flexibility of its capital by offering revenue-based financing loans to entrepreneurs.
Expenses $2,062,475 · Revenue $1,508,890
-
Small Business Development The Organization provides in-kind service/resources to an affiliate organization that invest in innovative and measurable community development that aligns with and strengthens the financial, human, and social capital of under-resourced neighborhoods in the Kansas City metropolitan region. In 2022, our affiliate organization deployed more than 3 million to neighborhood small businesses to assist with their recovery efforts after the economic impact of COVID-19. The Organizations continued to offer small businesses technical assistance directly as well as indirectly through partner entrepreneurship support organizations.
Expenses $463,454 · Grants $52,566
-
New Market Tax Credits Since 2008, the Organization has participated in a federal tax credit program that is used to stimulate investment in economically distressed communities. The Organization cumulatively has deployed 213 million in New Market Tax Credits allocation which were used to finance job creating businesses and as a catalyst for real estate development projects in Kansas City metro area.
Expenses $132,908 · Revenue $1,137,439
As filed on the 2023 return.
Listed in Part VII
-
David RamirezDAVID RAMIREZ
MARKET PRESIDENT
- Total calculated
- $221,049
- From this org
- $196,049
- From related orgs
- $0
- Other
- $25,000
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $191,049
- Bonus
- $5,000
- Other
- not reported
- Deferred
- $6,329
- Nontaxable benefits
- $19,637
- Filer's total
- $222,015
-
Ruben Alonso IIIRUBEN ALONSO III
PRESIDENT
- Total calculated
- $210,479
- From this org
- $190,479
- From related orgs
- $0
- Other
- $20,000
- Hours/week
- 40 + 5 related
Schedule J breakdown matched by us
- Base
- $174,148
- Bonus
- $16,331
- Other
- not reported
- Deferred
- $6,069
- Nontaxable benefits
- $13,650
- Filer's total
- $210,198
-
Richard VohsRICHARD VOHS
VP OF FINANCE AND ACCOUNTING
- Total calculated
- $167,096
- From this org
- $152,096
- From related orgs
- $0
- Other
- $15,000
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $144,596
- Bonus
- $7,500
- Other
- not reported
- Deferred
- $4,639
- Nontaxable benefits
- $9,896
- Filer's total
- $166,631
-
Carmen LopezCARMEN LOPEZ
VP OF LENDING AND CLIENT SERVICES
- Total calculated
- $163,979
- From this org
- $147,979
- From related orgs
- $0
- Other
- $16,000
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $147,979
- Bonus
- not reported
- Other
- not reported
- Deferred
- $4,439
- Nontaxable benefits
- $11,170
- Filer's total
- $163,588
-
Anthony WilliamsANTHONY WILLIAMS
MARKET PRESIDENT
- Total calculated
- $128,154
- From this org
- $116,154
- From related orgs
- $0
- Other
- $12,000
- Hours/week
- 40
-
Patrice BeckerPATRICE BECKER
VP OF FINANCE AND ACCOUNTING
- Total calculated
- $118,900
- From this org
- $109,900
- From related orgs
- $0
- Other
- $9,000
- Hours/week
- 40
-
Dawn KennedyDAWN KENNEDY
DIRECTOR OF LENDING
- Total calculated
- $110,137
- From this org
- $100,137
- From related orgs
- $0
- Other
- $10,000
- Hours/week
- 40
-
David BrainDAVID BRAIN
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1.5
-
Robert GivensROBERT GIVENS
VICE CHAIR/TREASURER
- Total calculated
- $0
- Hours/week
- 1.5
-
Ed Honesty JrED HONESTY JR
SECRETARY
- Total calculated
- $0
- Hours/week
- 1.5
-
Katie Kwo GersonKATIE KWO GERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Donald HawkingsDONALD HAWKINGS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Martha SalinasMARTHA SALINAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Carrece ScottCARRECE SCOTT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Bianca Tillard-GatesBIANCA TILLARD-GATES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
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
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
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
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
-
The Next Paige
$25,000
working capital
-
Vine Street Brewing LLC
$10,000
working capital
-
Civic Saint LLC
$2,500
working capital
-
H3 Enterprise LLC
$2,500
working capital
-
CodeAlgo LLC
$2,500
working capital
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.
-
501c4 · Economic Development · CA
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
Equity2 LLC
Related · Development · MO · 99% owned · share of income $6,119 · share of assets $1,782,514 · general or managing partner
Directly controlled by x
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202433209349316998
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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