Kansas City Downtown Minority Development Corporation is located in Kansas City, MO. The organization was established in 1986. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kansas City Downtown Minority Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Kansas City Downtown Minority Development Corporation generated $2.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $5.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Kansas City Downtown Minority Development Corporation has awarded 12 individual grants totaling $4,000,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FOSTER MINORITY ENTREPRENEURSHIP IN THE K.C. MO. CENTRAL BUSINESS DISTRICT & OTHER ECONOMICALLY DISADVANTAGED AREAS OF THE CITY PROVIDE FINANCING TO FOSTER MINORITY ENTREPRENEURSHIP IN K.C.MO CENTRAL BUSINESS DISTRICT & OTHER ECONOMICALLY DISADVANTAGED AREAS OF THE CITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SUPPORT TO MINORITY BUSINESS IN THE K.C.MO. CENTRAL BUSINESS DISTRICT
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Donna Wilson Chair | Officer | 0 | $0 |
Thelma Crawford Sec. Treasurer | Officer | 0 | $0 |
Alvin Brooks Director | Trustee | 0 | $0 |
Ralph D Reid Director | Trustee | 0 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $0 |
Investment income | $2,890 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,890 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $2,474 |
Fees for services: Accounting | $2,542 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $212 |
Total functional expenses | $5,228 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,559,009 |
Savings and temporary cash investments | $290,995 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $142,761 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,992,765 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $0 |
Net assets without donor restrictions | $1,992,765 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $1,992,765 |
Over the last fiscal year, Kansas City Downtown Minority Development Corporation has awarded $0 in support to 4 organizations.
Grant Recipient | Amount |
---|---|
Kansas City, MO PURPOSE: 0 | $0 |
Kansas City, MO PURPOSE: 0 | $0 |
Kansas City, MO PURPOSE: 0 | $0 |
Kansas City, MO PURPOSE: 0 | $0 |
Organization Name | Assets | Revenue |
---|---|---|
Allies For Community Business Inc Chicago, IL | $54,726,016 | $12,452,578 |
Bunker Labs Nfp Inc Chicago, IL | $3,938,287 | $4,312,612 |
Brightbridge Inc Chattanooga, TN | $120,622,501 | $3,473,186 |
Technology Entrepreneur Center Inc St Louis, MO | $14,793,185 | $1,740,629 |
Bioconnect Iowa Des Moines, IA | $1,127,931 | $1,803,790 |
South Central Ozark Council Of Governments Pomona, MO | $2,561,241 | $1,014,983 |
Custer County Foundation Inc Broken Bow, NE | $7,035,087 | $2,062,629 |
Pipeline Inc Kansas City, KS | $850,172 | $659,645 |
Entrepreneur Development Center Southwest Tennessee Inc Jackson, TN | $909,692 | $610,826 |
Frontier Financial Partners Inc Emporia, KS | $2,116,575 | $668,462 |
Tristate Minority Supplier Development Council Inc Nashville, TN | $1,436,779 | $762,988 |
Sync Space Entrepreneur Center Kingsport, TN | $108,804 | $347,750 |