Civic Intelligence

Missouri Korean War Veterans Memor

EIN 06-1781014 • 501(c)3 • Kansas City, MO

Profile

Construct memorial to Missouri veterans of the Korean War in Washington Square Park, at the corner of Pershing and Main, in downtown Kansas City, MO.

11401 Madison AvenueKansas City, MO 64114

www.mokoreanwarmemorial.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

80th percentile

0.13x

Higher debt load relative to assets than 80% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

88th percentile

0.28x

Higher debt load relative to revenue than 88% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

75th percentile

21%

Higher net margin than 75% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

69th percentile

11%

Faster asset growth than 69% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

98th percentile

591%

Faster revenue growth than 98% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$45,296

Up $4,393 (+11%) from 2020

Liabilities

Down

$5,957

Down $67 (-1.1%) from 2020

Net Assets

Up

$39,339

Up $4,460 (+13%) from 2020

Revenue

Up

$21,260

Up $18,185 (+591%) from 2020

Expenses

Up

$16,800

Up $11,415 (+212%) from 2020

Net Income

Up

$4,460

Up $6,770 (+293%) from 2020

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80K$60K$40K$20K$0Assets 2010: $68,341Liabilities 2010: $0Net Assets 2010: $68,3412010Assets 2011: $21,190Liabilities 2011: $0Net Assets 2011: $21,1902011Assets 2012: $50,500Liabilities 2012: $0Net Assets 2012: $50,5002012Assets 2013: $51,150Liabilities 2013: $0Net Assets 2013: $51,1502013Assets 2014: $50,861Liabilities 2014: $0Net Assets 2014: $50,8612014Assets 2015: $47,963Liabilities 2015: $0Net Assets 2015: $47,9632015Assets 2016: $45,850Liabilities 2016: $0Net Assets 2016: $45,8502016Assets 2017: $35,288Liabilities 2017: $0Net Assets 2017: $35,2882017Assets 2018: $34,994Liabilities 2018: $0Net Assets 2018: $34,9942018Assets 2019: $37,189Liabilities 2019: $0Net Assets 2019: $37,1892019Assets 2020: $40,903Liabilities 2020: $6,024Net Assets 2020: $34,8792020Assets 2021: $45,296Liabilities 2021: $5,957Net Assets 2021: $39,3392021

Highlighted filing

2021

Assets$45,296
Liabilities$5,957
Net Assets$39,339

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KExpenses 2010: $2,0862010Revenue 2011: $242,404Expenses 2011: $289,553Net Income 2011: -$47,1492011Revenue 2012: $7,000Expenses 2012: -$22,310Net Income 2012: $29,3102012Revenue 2013: $3,337Expenses 2013: $2,687Net Income 2013: $6502013Revenue 2014: $13,184Expenses 2014: $13,473Net Income 2014: -$2892014Revenue 2015: $3,314Expenses 2015: $6,212Net Income 2015: -$2,8982015Revenue 2016: $3,989Expenses 2016: $6,102Net Income 2016: -$2,1132016Revenue 2017: $6,117Expenses 2017: $16,679Net Income 2017: -$10,5622017Revenue 2018: $6,734Expenses 2018: $7,028Net Income 2018: -$2942018Revenue 2019: $6,982Expenses 2019: $4,787Net Income 2019: $2,1952019Revenue 2020: $3,075Expenses 2020: $5,385Net Income 2020: -$2,3102020Revenue 2021: $21,260Expenses 2021: $16,800Net Income 2021: $4,4602021

Highlighted filing

2021

Revenue$21,260
Expenses$16,800
Net Income$4,460

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 14, 2022
Return Version
2021v4.0
Gross Receipts
$21,260
Mission and Program Overview

Mission

Construct memorial to Missouri veterans of the Korean War in Washington Square Park, at the corner of Pershing and Main, in downtown Kansas City, MO.

Construction of Memorial to Missouri veterans of the Korean War in Kansas City, MO. Construction of primary structure was completed in September 2011. Construction of an accompanying sculpture is planned when sufficient funds are raised. Annual Flag Retirement Ceremony at Memorial on 14 June.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$34,879$39,339▲ $4,460
Savings and Temporary Cash Investments$38,982$37,892▼ $1,090
Cash and Non-Interest-Bearing Accounts$1,921$7,404▲ $5,483
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$40,903$45,296▲ $4,393
Other Assets Total$0$0→ $0
Liabilities
Deferred Revenue$6,024$5,957▼ $67
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0--
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$6,024$5,957▼ $67
Net Assets / Fund Balance
Total Net Assets Fund Balance$34,879$39,339▲ $4,460
Total Liabilities and Net Assets / Fund Balance$40,903$45,296▲ $4,393
Compensation and Service Providers

Board Members and Trustees

NameTitle
Debra S ShultzBoard Member, President
Larry PhillipsBoard Member, 2nd Vice Chair
Robert KalkofenBoard Member, Vice President
Gonzolo ReyesBoard Member
Yvette H CliffordBoard Member
Paul G RojasBoard Member, Secretary
Greg LeverBoard Member, Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$21,250
Program Service Revenue
$0
Investment Income
$10
Other Revenue
$0
All Other Contributions
$21,250
Change in Net Assets
$4,460
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$16,800
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$11,582$0$0$11,582
Office Expenses$3,424$0$0$3,424
Fees for Services Management$1,178$0$0$1,178
Travel$548$0$0$548
Other Expenses$68$0$0$68
Total Functional Expenses$16,800$0$0$16,800
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

This form was created from reports generated from the financial software used to record information of transactions. The prior year 990 was used to provide historical information.

Form 990, Part VI, Section C, Line 18

Reports are available upon request to the director only.

Form 990, Part VI, Section C, Line 19

All records are available upon request to the board. Upon request, requested documents are to be provided either in soft copy form (via email) or hard copy (delivered by mail or by hand).

Filing and Contact Details

Filer

Filer Name
Missouri Korean War Veterans Memorial
EIN
06-1781014
Phone
8165607752
Address
11401 Madison Avenue, Kansas City, MO 64114

Signing Officer

Name
Paul Spack
Title
Treasurer
Phone
7138571638
Signed
2022-05-14

Organization Details

Principal Officer
Debra Shultz
Formed
2005
Legal Domicile
Mo
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4A

Due to COVID-19 epidemic, the annual Flag Retirement Ceremony had to be cancelled.

Form 990, Part IV, Line 11A

Form 990 including Schedules A and O was provided to the Board of Directors before filing of the form.

Form 990, Part X, Line 19

The We Will Never Forget Reception was originally planned for October 1, 2020 to honor key supporters of the Memorial and state officials who were instrumental in the Memorial receiving the designation of the official Korean War Veterans Memorial for the State of Missouri. Event sponsors contributed $6,835 to cover the costs of the event. Unfortunately, the reception was cancelled at the last minute due to COVID-19 epidemic and was rescheduled for 2021. Prior to the cancelation, expenses in the amount of $811.00 were recognized in preparation for the event. In 2021, expenses in the amount of $67 were incurred attempting to allow the event to proceed. Ultimately, the event was cancelled again due to the ongoing COVID-19 epidemic and the remaining $5,957 is recorded as a liability and hopefully the the function will occur in 2022.

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IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0Construct memorial to Missouri veterans of the Korean War in Washington Square Park, at the corner of Pershing and Main, in downtown Kansas City, MO.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt034879
IRS990/NetAssetsOrFundBalancesEOYAmt039339
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt00
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncomeFromGamingGrp/ExclusionAmt00
IRS990/NetIncomeFromGamingGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncomeOrLossGrp/ExclusionAmt00
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NoncashContributionsAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt00
IRS990/OccupancyGrp/ProgramServicesAmt00
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt00
IRS990/OfficeExpensesGrp/ProgramServicesAmt03424
IRS990/OfficeExpensesGrp/TotalAmt03424
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Reception - We Will Never Forget
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ProgramServicesAmt068
IRS990/OtherExpensesGrp/TotalAmt068
IRS990/OtherInd0X
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/FundraisingAmt00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Debra Shultz
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02969
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0106
IRS990/PymtTravelEntrtnmntPubOfclGrp/FundraisingAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt05385
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-2310
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt05385
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03075
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt04460
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt021600
IRS990/RoyaltiesGrp/FundraisingAmt00
IRS990/RoyaltiesGrp/ManagementAndGeneralAmt00
IRS990/RoyaltiesGrp/ProgramServicesAmt00
IRS990/RoyaltiesGrp/TotalAmt00

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