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Nonprofiteer
← EDC STRATEGIC INITIATIVES FUND

Form 990 for tax year 2022

Filed by EDC STRATEGIC INITIATIVES FUND.

Totals

Total revenue
$579
Total expenses
$75,153
Contributions and grants received
$0
Grants paid
$50,000
Program service revenue
$0
Investment income
$579
Other revenue
$0
Total assets, end of year
$278,975
Total liabilities, end of year
$47,931
Net assets or fund balances, end of year
$231,044
Program services expenses (Part IX)
$53,295
Management and general expenses
$21,858
Fundraising expenses
$0
Program service expenses (Part III)
$53,295

Program services were 70.9% 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 $579 · excluded $579

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $50,000 · program services $50,000

  • 11c · Fees: accounting

    total $21,858 · management and general $21,858

  • 23 · Insurance

    total $3,295 · program services $3,295

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $293,475 · end of year $184,530

  • 2 · Savings and temporary cash investments

    beginning of year $94,322 · end of year $94,445

  • 4 · Accounts receivable

    beginning of year $10,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $34,248

  • 25 · Other liabilities

    beginning of year $57,931 · end of year $47,931

  • 27 · Net assets without donor restrictions

    beginning of year $305,618 · end of year $231,044

Mission and programs · 2022

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 $53,295 · Grants $50,000

As filed on the 2022 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

  • Heather Brown

    INTERIM PRES. & CEO UNTIL 7/1/2022

    Total calculated
    $220,969
    From this org
    $0
    From related orgs
    $174,578
    Other
    $46,391
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $174,578 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $46,391 related
    Filer's total
    $0 + $220,969 related

  • Jill Quinn

    SECRETARY UNTIL 10/31/2022

    Total calculated
    $77,816
    From this org
    $0
    From related orgs
    $62,938
    Other
    $14,878
    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

  • WEDEVELOP FEDERAL CREDIT UNION

    $50,000

    GENERAL FUNDING

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
26 February 2024
IRS schema version
2022v5.0
Source object
202430759349301698

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