Liabilities / Assets
32nd percentile
Higher debt load relative to assets than 32% of similar nonprofits.
990 • Fiscal year 2020 • EIN 26-0524230
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
32nd percentile
Higher debt load relative to assets than 32% of similar nonprofits.
Liabilities / Revenue
36th percentile
Higher debt load relative to revenue than 36% of similar nonprofits.
Net Margin
71st percentile
Higher net margin than 71% of similar nonprofits.
Top Officer Pay
68th percentile
Higher top officer pay than 68% of similar nonprofits.
Top officer pay equals 7.1% of source-year revenue.
Asset Growth
59th percentile
Faster asset growth than 59% of similar nonprofits.
Revenue Growth
92nd percentile
Faster revenue growth than 92% of similar nonprofits.
Assets
Up$5,809,291
Up $513,603 (+9.7%) from 2019
Net Assets
Up$5,510,672
Up $312,030 (+6.0%) from 2019
Liabilities
Up$298,619
Up $201,573 (+208%) from 2019
Revenue
Up$2,367,338
Up $1,039,534 (+78%) from 2019
Expenses
Down$1,996,866
Down $61,664 (-3.0%) from 2019
Net Income
Up$370,472
Up $1,101,198 (+151%) from 2019
Prep-kc is improving the education of kansas city's urban students by providing resources to prepare all students for college and careers. Working with five bi-state urban school districts serving more than 50,000 mostly low-income students, prep-kc is supporting a more rigorous math curriculum, providing the opportunity for students to earn college credit while in high school, and offering career-readiness experiences to prepare students for future employment opportunities. Prep-kc offers investors the opportunity to focus resources on improving urban public education by supporting these proven strategies.
SEE SCHEDULE O
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Savings and Temporary Cash Investments | $2,817,947 | $2,893,308 | ▲ $75,361 |
| Investments in Publicly Traded Securities | $2,035,865 | $2,069,823 | ▲ $33,958 |
| Pledges and Grants Receivable | $170,000 | $595,231 | ▲ $425,231 |
| Prepaid Expenses and Deferred Charges | $134,533 | $117,482 | ▼ $17,051 |
| Accounts Receivable | $64,170 | $75,854 | ▲ $11,684 |
| Intangible Assets | $60,934 | $47,393 | ▼ $13,541 |
| Land, Buildings, and Equipment, Net | $12,239 | $10,200 | ▼ $2,039 |
| Total Assets | $5,295,688 | $5,809,291 | ▲ $513,603 |
| Liabilities | |||
| Other Liabilities | $0 | $228,700 | ▲ $228,700 |
| Accounts Payable and Accrued Expenses | $97,046 | $37,679 | ▼ $59,367 |
| Deferred Revenue | $0 | $32,240 | ▲ $32,240 |
| Total Liabilities | $97,046 | $298,619 | ▲ $201,573 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $4,881,266 | $4,708,855 | ▼ $172,411 |
| Net Assets With Donor Restrictions | $317,376 | $801,817 | ▲ $484,441 |
| Total Net Assets Fund Balance | $5,198,642 | $5,510,672 | ▲ $312,030 |
| Total Liabilities and Net Assets / Fund Balance | $5,295,688 | $5,809,291 | ▲ $513,603 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $10,200 | $10,200 | $20,400 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Susan Wally | President & CEO | FT | $162,500 | $4,875 | $167,375 |
| Doug Elmer | Vice President | FT | $145,000 | $4,350 | $149,350 |
| Susan Engelman | Benchmarking Coach | FT | $113,000 | $15,974 | $128,974 |
| Name | Title |
|---|---|
| Chris Gentile | Board Chair |
| Brian Wimes | Director |
| David Warm | Director |
| Edward F Honesty | Director |
| Leo E Morton | Director |
| Madeline Romious | Director |
| Ramon Murguia | Director |
| Ray Daniels | Director |
| Tom Forrester | Director |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $1,354,931 |
| Other Expenses | $641,935 |
| Total Fundraising Expense | $123,685 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Comp Disqual Persons | $975,754 | $17,972 | $42,986 | $1,036,712 |
| Current Officers, Directors, Trustees, and Key Employees | $199,937 | $44,360 | $73,922 | $318,219 |
| Fees for Services Other | $86,353 | $78,717 | - | $165,070 |
| Other Expenses | $54,720 | $5,433 | $5,433 | $54,720 |
| Fees for Services Accounting | - | $36,319 | - | $36,319 |
| Travel | $31,070 | $1,643 | - | $32,713 |
| Depreciation Depletion | $13,520 | $717 | $1,344 | $15,581 |
| Fees for Service Investment Mgmnt Fees | - | $238 | - | $238 |
| Total Functional Expenses | $1,678,137 | $195,044 | $123,685 | $1,996,866 |
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $2,078,147 |
| Total Expenses per Form 990 | $1,996,866 |
| Expenses per Audited Statements | $1,996,628 |
| Expenses Not Reported on Form 990 | $81,519 |
| Expenses Not Reported on Financial Statements | $238 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Ppp Loan Payable | $228,700 |
“The organization's officers will review the form 990 prior to filing the returns with the irs.”
“All board members and directors are required to sign a conflict of interest statement annually. If interests arise during the year they must notify the corporation's board of directors or executive committee as soon as such knowledge of any potential conflicts arise.”
“The compensation of the ceo of the organization was determined and approved by the board.”
“The organization makes its governing documents, conflict of interest policy and financial statements available to the public for review at their offices from 8 a.m. - 5 p.m., monday through friday.”
“Prep-kc focuses on providing students from kansas city's bi-state urban school districts with opportunities to succeed in college and their careers. Working with these urban districts, prep-kc supports at-scale improvements in underserved students' outcomes, most of whom are first-generation college-goers. Prep-kc invests in research-based strategies that will prepare students for careers in high-demand, well paying jobs in the kansas city region. Prep-kc partners with six school districts and four charter schools on both sides of the state line. Together, these districts serve over 70,000 students and produce over 2,900 annual high school graduates; 81% of these students identify as students of color, as 88% low-income. By providing students from these urban schools with opportunities to prepare for postsecondary education and meaningful careers, prep-kc's work offers a path to economic opportunity. It also expands and diversifies the region's homegrown talent pipeline.”
“Since its founding in 2006, prep-kc has been developing and piloting at-scale strategies to improve student outcomes in the bi-state region's urban school districts. As prep-kc measured progress such as high school graduation rates, it became clear that a high school diploma is not enough to provide students from low-income backgrounds the preparation, experience, and relationships they need to succeed after high school, and to gain access to high-growth, high-demand careers in our region's economy. To achieve these goals, every student needs access to information, resources, and opportunities to prepare for college and career success. These supports are especially critical--but too often unavailable-- to young people growing up in the historically underserved neighborhoods served by prep-kc's partner schools. This opportunity gap for students in underserved communities limits these young people's options after high school in an era where a high school diploma provides no guarantee of meaningful employment or economic security. In 2011, prep-kc created and piloted strategies to help cohorts of students in urban high schools go beyond the standard requirements for a diploma and develop concrete evidence of their college and career readiness. As we tracked impact data and learned first-hand from our students' success, prep-kc initiated the phrase "market value assets" (mva) to describe the rigorous experiences that align students' high school education with postsecondary institutions' expectations and the 21st-century workforce needs. These assets have tangible, evidence-based value to students' prospects for postsecondary access and attainment and success in entering high-growth, high-demand career pathways. Prep-kc also found that attaining an mva increased high school graduation rates, doubled postsecondary enrollment, and increased postsecondary persistence for students. Mvas are those assets that have tangible, evidence-based value to students' prospects for postsecondary access and attainment, and success in entering high-growth, high-demand career pathways. Prep-kc now invests in and measures the following four mvas: 1) at least nine college credits earned during high school; 2) an industry recognized credential earned during high school; 3) completion of a rigorous internship or client project during high school; or 4) receiving a kc scholars or honeywell hope scholarship (these high-value scholarships provide intensive supports for students during the postsecondary application, admissions, and transition processes.) currently, approximately 34% (943 out of 2800) of prep-kc partner high school graduates earn a market value asset. Prep-kc is presently engaging in an intensive, organization-wide effort to increase graduates' percentage of earning a market value asset to 85% (2400 out of approximately 2800) by 2025. This strategic initiative will help over 10,000 students from urban schools earn these high-value assets by 2025. As the region's first organization to focus our work on helping students attain mvas, prep-kc is excited that kc rising and the ewing marion kauffman foundation's real world learning initiative have adopted the concept of market value assets across the bi-state region. Over the next several years, prep-kc is positioned to play a significant role as a source of technical assistance and strategic consultation in these regional efforts. During the pandemic, prep-kc has also helped teachers and schools find ways to continue offering students the opportunity to earn market value assets in a remote setting. Despite the challenges presented by school closures, prep-kc's partner districts were able to increase the number of graduates from the class of 2019 earning market value assets (703) and the class of 2020 (943). Dual enrollment college courses, client projects, and some internships have translated well to the virtual environment. However, most industry-recognized credentials require specialized equipme”
“The organization has been granted exemption from income taxes by the internal revenue service under the provisions of section 501(c)(3) of the internal revenue code. The organization is not considered to be a private foundation. Management has assessed the exposure of the organization to any uncertain tax positions and has concluded that no material uncertain tax positions existed as of june 30, 2020 and 2019.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 97046 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 37679 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 64170 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 75854 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | SEE SCHEDULE O |
| IRS990/AllOtherContributionsAmt | 0 | 1757554 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | E2E LLC NANCY MCCULLOUGH |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 8162894274 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 519 SW BOULEVARD |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | KANSAS CITY |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MO |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 64108 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | 0 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt | 0 | 73922 |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 44360 |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 199937 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 318219 |
| IRS990/CompDisqualPersonsGrp/FundraisingAmt | 0 | 42986 |
| IRS990/CompDisqualPersonsGrp/ManagementAndGeneralAmt | 0 | 17972 |
| IRS990/CompDisqualPersonsGrp/ProgramServicesAmt | 0 | 975754 |
| IRS990/CompDisqualPersonsGrp/TotalAmt | 0 | 1036712 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 1 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 1840153 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 117407 |
| IRS990/CYOtherExpensesAmt | 0 | 641935 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 409778 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 370472 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 1354931 |
| IRS990/CYTotalExpensesAmt | 0 | 1996866 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 123685 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 2367338 |
| IRS990/DAFExcessBusinessHoldingsInd | 0 | 0 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DeferredRevenueGrp/BOYAmt | 0 | 0 |
| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 32240 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/FundraisingAmt | 0 | 1344 |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 717 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 13520 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 15581 |
| IRS990/Desc | 0 | SEE SCHEDULE O |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DistributionToDonorInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonatedServicesAndUseFcltsAmt | 0 | -81519 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRestrictionNetAssetsGrp/BOYAmt | 0 | 317376 |
| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 801817 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 17 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | 1 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 1678137 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FederatedCampaignsAmt | 0 | 82599 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 36319 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 36319 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 78717 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 86353 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 165070 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt | 0 | 238 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt | 0 | 238 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 60.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 60.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 11 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 4875 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 10 | 4350 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 11 | 15974 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | CHRIS GENTILE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | DAVID WARM |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | RAY DANIELS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | RAMON MURGUIA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | EDWARD F HONESTY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | TOM FORRESTER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | LEO E MORTON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | MADELINE ROMIOUS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | BRIAN WIMES |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | SUSAN WALLY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | DOUG ELMER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | SUSAN ENGELMAN |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 162500 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 145000 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 11 | 113000 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | BOARD CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | PRESIDENT & CEO |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | VICE PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | BENCHMARKING COACH |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 2007 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GainOrLossGrp/SecuritiesAmt | 0 | 40800 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 9 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt | 0 | 365605 |
| IRS990/GrossReceiptsAmt | 0 | 2692143 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 9 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 3 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/IntangibleAssetsGrp/BOYAmt | 0 | 60934 |
| IRS990/IntangibleAssetsGrp/EOYAmt | 0 | 47393 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 76607 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 76607 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/InvestmentsPubTradedSecGrp/BOYAmt | 0 | 2035865 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 2069823 |
| IRS990/IRPDocumentCnt | 0 | 53 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 10200 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 12239 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 10200 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 20400 |
| IRS990/LegalDomicileStateCd | 0 | MO |
| IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt | 0 | 324805 |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | SEE SCHEDULE O |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
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| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | THE ORGANIZATION HAS BEEN GRANTED EXEMPTION FROM INCOME TAXES BY THE INTERNAL REVENUE SERVICE UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION IS NOT CONSIDERED TO BE A PRIVATE FOUNDATION. MANAGEMENT HAS ASSESSED THE EXPOSURE OF THE ORGANIZATION TO ANY UNCERTAIN TAX POSITIONS AND HAS CONCLUDED THAT NO MATERIAL UNCERTAIN TAX POSITIONS EXISTED AS OF JUNE 30, 2020 AND 2019. |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | PREP-KC FOCUSES ON PROVIDING STUDENTS FROM KANSAS CITY'S BI-STATE URBAN SCHOOL DISTRICTS WITH OPPORTUNITIES TO SUCCEED IN COLLEGE AND THEIR CAREERS. WORKING WITH THESE URBAN DISTRICTS, PREP-KC SUPPORTS AT-SCALE IMPROVEMENTS IN UNDERSERVED STUDENTS' OUTCOMES, MOST OF WHOM ARE FIRST-GENERATION COLLEGE-GOERS. PREP-KC INVESTS IN RESEARCH-BASED STRATEGIES THAT WILL PREPARE STUDENTS FOR CAREERS IN HIGH-DEMAND, WELL PAYING JOBS IN THE KANSAS CITY REGION. PREP-KC PARTNERS WITH SIX SCHOOL DISTRICTS AND FOUR CHARTER SCHOOLS ON BOTH SIDES OF THE STATE LINE. TOGETHER, THESE DISTRICTS SERVE OVER 70,000 STUDENTS AND PRODUCE OVER 2,900 ANNUAL HIGH SCHOOL GRADUATES; 81% OF THESE STUDENTS IDENTIFY AS STUDENTS OF COLOR, AS 88% LOW-INCOME. BY PROVIDING STUDENTS FROM THESE URBAN SCHOOLS WITH OPPORTUNITIES TO PREPARE FOR POSTSECONDARY EDUCATION AND MEANINGFUL CAREERS, PREP-KC'S WORK OFFERS A PATH TO ECONOMIC OPPORTUNITY. IT ALSO EXPANDS AND DIVERSIFIES THE REGION'S HOMEGROWN TALENT PIPELINE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | SINCE ITS FOUNDING IN 2006, PREP-KC HAS BEEN DEVELOPING AND PILOTING AT-SCALE STRATEGIES TO IMPROVE STUDENT OUTCOMES IN THE BI-STATE REGION'S URBAN SCHOOL DISTRICTS. AS PREP-KC MEASURED PROGRESS SUCH AS HIGH SCHOOL GRADUATION RATES, IT BECAME CLEAR THAT A HIGH SCHOOL DIPLOMA IS NOT ENOUGH TO PROVIDE STUDENTS FROM LOW-INCOME BACKGROUNDS THE PREPARATION, EXPERIENCE, AND RELATIONSHIPS THEY NEED TO SUCCEED AFTER HIGH SCHOOL, AND TO GAIN ACCESS TO HIGH-GROWTH, HIGH-DEMAND CAREERS IN OUR REGION'S ECONOMY. TO ACHIEVE THESE GOALS, EVERY STUDENT NEEDS ACCESS TO INFORMATION, RESOURCES, AND OPPORTUNITIES TO PREPARE FOR COLLEGE AND CAREER SUCCESS. THESE SUPPORTS ARE ESPECIALLY CRITICAL--BUT TOO OFTEN UNAVAILABLE-- TO YOUNG PEOPLE GROWING UP IN THE HISTORICALLY UNDERSERVED NEIGHBORHOODS SERVED BY PREP-KC'S PARTNER SCHOOLS. THIS OPPORTUNITY GAP FOR STUDENTS IN UNDERSERVED COMMUNITIES LIMITS THESE YOUNG PEOPLE'S OPTIONS AFTER HIGH SCHOOL IN AN ERA WHERE A HIGH SCHOOL DIPLOMA PROVIDES NO GUARANTEE OF MEANINGFUL EMPLOYMENT OR ECONOMIC SECURITY. IN 2011, PREP-KC CREATED AND PILOTED STRATEGIES TO HELP COHORTS OF STUDENTS IN URBAN HIGH SCHOOLS GO BEYOND THE STANDARD REQUIREMENTS FOR A DIPLOMA AND DEVELOP CONCRETE EVIDENCE OF THEIR COLLEGE AND CAREER READINESS. AS WE TRACKED IMPACT DATA AND LEARNED FIRST-HAND FROM OUR STUDENTS' SUCCESS, PREP-KC INITIATED THE PHRASE "MARKET VALUE ASSETS" (MVA) TO DESCRIBE THE RIGOROUS EXPERIENCES THAT ALIGN STUDENTS' HIGH SCHOOL EDUCATION WITH POSTSECONDARY INSTITUTIONS' EXPECTATIONS AND THE 21ST-CENTURY WORKFORCE NEEDS. THESE ASSETS HAVE TANGIBLE, EVIDENCE-BASED VALUE TO STUDENTS' PROSPECTS FOR POSTSECONDARY ACCESS AND ATTAINMENT AND SUCCESS IN ENTERING HIGH-GROWTH, HIGH-DEMAND CAREER PATHWAYS. PREP-KC ALSO FOUND THAT ATTAINING AN MVA INCREASED HIGH SCHOOL GRADUATION RATES, DOUBLED POSTSECONDARY ENROLLMENT, AND INCREASED POSTSECONDARY PERSISTENCE FOR STUDENTS. MVAS ARE THOSE ASSETS THAT HAVE TANGIBLE, EVIDENCE-BASED VALUE TO STUDENTS' PROSPECTS FOR POSTSECONDARY ACCESS AND ATTAINMENT, AND SUCCESS IN ENTERING HIGH-GROWTH, HIGH-DEMAND CAREER PATHWAYS. PREP-KC NOW INVESTS IN AND MEASURES THE FOLLOWING FOUR MVAS: 1) AT LEAST NINE COLLEGE CREDITS EARNED DURING HIGH SCHOOL; 2) AN INDUSTRY RECOGNIZED CREDENTIAL EARNED DURING HIGH SCHOOL; 3) COMPLETION OF A RIGOROUS INTERNSHIP OR CLIENT PROJECT DURING HIGH SCHOOL; OR 4) RECEIVING A KC SCHOLARS OR HONEYWELL HOPE SCHOLARSHIP (THESE HIGH-VALUE SCHOLARSHIPS PROVIDE INTENSIVE SUPPORTS FOR STUDENTS DURING THE POSTSECONDARY APPLICATION, ADMISSIONS, AND TRANSITION PROCESSES.) CURRENTLY, APPROXIMATELY 34% (943 OUT OF 2800) OF PREP-KC PARTNER HIGH SCHOOL GRADUATES EARN A MARKET VALUE ASSET. PREP-KC IS PRESENTLY ENGAGING IN AN INTENSIVE, ORGANIZATION-WIDE EFFORT TO INCREASE GRADUATES' PERCENTAGE OF EARNING A MARKET VALUE ASSET TO 85% (2400 OUT OF APPROXIMATELY 2800) BY 2025. THIS STRATEGIC INITIATIVE WILL HELP OVER 10,000 STUDENTS FROM URBAN SCHOOLS EARN THESE HIGH-VALUE ASSETS BY 2025. AS THE REGION'S FIRST ORGANIZATION TO FOCUS OUR WORK ON HELPING STUDENTS ATTAIN MVAS, PREP-KC IS EXCITED THAT KC RISING AND THE EWING MARION KAUFFMAN FOUNDATION'S REAL WORLD LEARNING INITIATIVE HAVE ADOPTED THE CONCEPT OF MARKET VALUE ASSETS ACROSS THE BI-STATE REGION. OVER THE NEXT SEVERAL YEARS, PREP-KC IS POSITIONED TO PLAY A SIGNIFICANT ROLE AS A SOURCE OF TECHNICAL ASSISTANCE AND STRATEGIC CONSULTATION IN THESE REGIONAL EFFORTS. DURING THE PANDEMIC, PREP-KC HAS ALSO HELPED TEACHERS AND SCHOOLS FIND WAYS TO CONTINUE OFFERING STUDENTS THE OPPORTUNITY TO EARN MARKET VALUE ASSETS IN A REMOTE SETTING. DESPITE THE CHALLENGES PRESENTED BY SCHOOL CLOSURES, PREP-KC'S PARTNER DISTRICTS WERE ABLE TO INCREASE THE NUMBER OF GRADUATES FROM THE CLASS OF 2019 EARNING MARKET VALUE ASSETS (703) AND THE CLASS OF 2020 (943). DUAL ENROLLMENT COLLEGE COURSES, CLIENT PROJECTS, AND SOME INTERNSHIPS HAVE TRANSLATED WELL TO THE VIRTUAL ENVIRONMENT. HOWEVER, MOST INDUSTRY-RECOGNIZED CREDENTIALS REQUIRE SPECIALIZED EQUIPME |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE ORGANIZATION'S OFFICERS WILL REVIEW THE FORM 990 PRIOR TO FILING THE RETURNS WITH THE IRS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | ALL BOARD MEMBERS AND DIRECTORS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY. IF INTERESTS ARISE DURING THE YEAR THEY MUST NOTIFY THE CORPORATION'S BOARD OF DIRECTORS OR EXECUTIVE COMMITTEE AS SOON AS SUCH KNOWLEDGE OF ANY POTENTIAL CONFLICTS ARISE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE COMPENSATION OF THE CEO OF THE ORGANIZATION WAS DETERMINED AND APPROVED BY THE BOARD. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC FOR REVIEW AT THEIR OFFICES FROM 8 A.M. - 5 P.M., MONDAY THROUGH FRIDAY. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART I, LINE 1 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART III, LINE 4A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VI, SECTION B, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990/SchoolOperatingInd | 0 | 0 |
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Displayed year
2020 • Form 990Detailed filing. Detailed filing data is available for this year.