Civic Intelligence

Altcap

990 • Fiscal year 2018 • EIN 41-2183377

Jul 01, 2017 to Jun 30, 2018 • Filed on May 14, 2019

Organization Profilewww.kcmocde.org

View Organization Page

3200 Wayne AvenueKansas City, MO 64109

(816) 216-1851

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

35th percentile

0.06x

Higher debt load relative to assets than 35% of similar nonprofits.

2018 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

49th percentile

0.18x

Higher debt load relative to revenue than 49% of similar nonprofits.

2018 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2018

Net Margin

94th percentile

69%

Higher net margin than 94% of similar nonprofits.

2018 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

88th percentile

30%

Faster asset growth than 88% of similar nonprofits.

2018 filings • 501(c)4 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

90th percentile

80%

Faster revenue growth than 90% of similar nonprofits.

2018 filings • 501(c)4 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets35th percentile

Assets

Up

$7,572,841

Up $1,769,336 (+30%) from 2017

Net Assets

Up

$7,130,635

Up $1,727,861 (+32%) from 2017

Liabilities

Up

$442,206

Up $41,475 (+10%) from 2017

Revenue And Expenses
Liabilities / Revenue49th percentileNet Margin94th percentile

Revenue

Up

$2,492,335

Up $1,106,456 (+80%) from 2017

Expenses

Down

$764,474

Down $61,811 (-7.5%) from 2017

Net Income

Up

$1,727,861

Up $1,168,267 (+209%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth88th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$30M$20M$10M$0Assets 2014: $2,282,442Liabilities 2014: $315,011Net Assets 2014: $1,967,4312014Assets 2015: $3,404,876Liabilities 2015: $356,658Net Assets 2015: $3,048,2182015Assets 2016: $5,153,440Liabilities 2016: $310,260Net Assets 2016: $4,843,1802016Assets 2017: $5,803,505Liabilities 2017: $400,731Net Assets 2017: $5,402,7742017Assets 2018: $7,572,841Liabilities 2018: $442,206Net Assets 2018: $7,130,6352018Assets 2019: $9,766,911Liabilities 2019: $857,387Net Assets 2019: $8,909,5242019Assets 2020: $20,323,056Liabilities 2020: $7,935,866Net Assets 2020: $12,387,1902020Assets 2021: $30,252,059Liabilities 2021: $14,356,630Net Assets 2021: $15,895,4292021Assets 2022: $30,256,354Liabilities 2022: $12,845,783Net Assets 2022: $17,410,5712022Assets 2023: $28,600,219Liabilities 2023: $10,700,888Net Assets 2023: $17,899,3312023Assets 2024: $29,347,578Liabilities 2024: $17,000,787Net Assets 2024: $12,346,7912024

Highlighted filing

2018

Assets$7,572,841
Liabilities$442,206
Net Assets$7,130,635
Open 2018 Filing

Operations Trend

Revenue Growth90th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0M-$10MRevenue 2014: $811,281Expenses 2014: $527,948Net Income 2014: $283,3332014Revenue 2015: $1,728,069Expenses 2015: $647,282Net Income 2015: $1,080,7872015Revenue 2016: $2,508,113Expenses 2016: $713,151Net Income 2016: $1,794,9622016Revenue 2017: $1,385,879Expenses 2017: $826,285Net Income 2017: $559,5942017Revenue 2018: $2,492,335Expenses 2018: $764,474Net Income 2018: $1,727,8612018Revenue 2019: $2,873,960Expenses 2019: $1,095,071Net Income 2019: $1,778,8892019Revenue 2020: $4,586,904Expenses 2020: $2,551,292Net Income 2020: $2,035,6122020Revenue 2021: $6,210,127Expenses 2021: $2,701,888Net Income 2021: $3,508,2392021Revenue 2022: $6,756,411Expenses 2022: $5,241,269Net Income 2022: $1,515,1422022Revenue 2023: $7,554,160Expenses 2023: $4,008,494Net Income 2023: $3,545,6662023Revenue 2024: $3,800,161Expenses 2024: $9,352,701Net Income 2024: -$5,552,5402024

Highlighted filing

2018

Revenue$2,492,335
Expenses$764,474
Net Income$1,727,861
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 14, 2019
Return Version
2017v2.3
Gross Receipts
$2,492,335
Mission and Program Overview

Mission

To be a catalyst for investment in kansas city, missouris low-income communities through innovative financial products, targeted economic and community development programming, and the development of strategic partnerships that promote community collaboration and capacity building.

See description on page 2, part iii, line 1

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$4,286,051$4,959,535▲ $673,484
Cash and Non-Interest-Bearing Accounts$1,144,790$2,537,495▲ $1,392,705
Accounts Receivable$69,340$44,763▼ $24,577
Land, Buildings, and Equipment, Net$23,385$20,048▼ $3,337
Intangible Assets$11,000$11,000→ $0
Total Assets$5,803,505$7,572,841▲ $1,769,336
Other Assets Total$268,939--
Liabilities
Accounts Payable and Accrued Expenses$400,731$356,952▼ $43,779
Unsecured Notes Loans Payable-$80,254-
Other Liabilities-$5,000-
Total Liabilities$400,731$442,206▲ $41,475
Net Assets / Fund Balance
Unrestricted Net Assets$5,402,774$7,105,635▲ $1,702,861
Temporarily Rstr Net Assets-$25,000-
Total Net Assets Fund Balance$5,402,774$7,130,635▲ $1,727,861
Total Liabilities and Net Assets / Fund Balance$5,803,505$7,572,841▲ $1,769,336

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$17,058$21,905$38,963
Equipment$2,990$16,555$19,545
Investment Program Related Org$4,946,176--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$356,600-▲ $5,164$361,764-
2016$349,995-▲ $6,605-$356,600
2015$343,389-▲ $6,606-$349,995
2014$336,790-▲ $6,599-$343,389
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ruben Alonso IiiPresidentFT$134,561$9,000$143,561

Board Members and Trustees

NameTitle
Gary CortesBoard Chair
Jean-paul ChaurandVice Chair
David BrainDirector
Larry HayesDirector
Rekha PatnaikDirector
Robert LangenkampDirector
Margaret MaySecretary
Randall LandesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,134,200
Program Service Revenue
$1,067,374
Investment Income
$290,327
Other Revenue
$434
All Other Contributions
$15,200
Change in Net Assets
$1,727,861

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,492,335
Total Revenue per Audited Statements
$2,492,335
Total Revenue per Form 990
$2,492,335
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$479,341
Other Expenses$267,633
Grants and Similar Amounts Paid$17,500
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$237,643$27,033-$264,676
Current Officers, Directors, Trustees, and Key Employees$123,075$21,719-$144,794
Fees for Services Other$51,572$30,500-$82,072
Payroll Taxes$30,513$4,124-$34,637
Fees for Services Accounting-$26,948-$26,948
Conferences and Meetings$19,419$5,456-$24,875
Other Employee Benefits$21,527$2,909-$24,436
Other Expenses$18,007$2,435-$20,442
Fees for Services Legal$11,350$7,330-$18,680
Grants to Domestic Orgs$17,500--$17,500
Depreciation Depletion$12,412$1,678-$14,090
Office Expenses$11,524$1,558-$13,082
Pension Plan Contributions$9,512$1,286-$10,798
Occupancy$9,444$1,276-$10,720
All Other Expenses-$9,052-$9,052
Insurance-$4,100-$4,100
Advertising$3,264$441-$3,705
Travel-$2,486-$2,486
Interest$440$59-$499
Total Functional Expenses$614,084$150,390$0$764,474

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$764,474
Total Expenses per Audited Statements$764,474
Total Expenses per Form 990$764,474
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Jarboe Initiative LLCKansas City, MO-Working Capital$10,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes$5,000
Refundable retainer-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
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

“The tax return is prepared by an external accountant and reviewed by management. After review by management the return is provided to the full board for review and approval prior to being filed with the IRS.”

Form 990, Part VI, Section B, Line 12C

“The Organizations management level employees and its Board of Directors annually review the Standards of Conduct policy.”

Form 990, Part VI, Section B, Line 15A

“Compensation was set by the Board of Directors and was based upon a comprehensive review of comparables of peer organizations with similar roles and responsibilities for the President.”

Form 990, Part VI, Section B, Line 15B

“The Organization did not compensate any person who meets the requirements to be listed in response to this question and accordingly, has answered this question No. Not applicable was not an option and leaving the question unanswered prevents electronic filing of the return.”

Form 990, Part VI, Section C, Line 19

“The Organization will provide copies of these documents upon request at no charge.”

Filing and Contact Details

Filer

Filer Name
Altcap
EIN
41-2183377
Phone
8162161851
Address
3200 WAYNE AVENUE, KANSAS CITY, MO 64109

Signing Officer

Name
Ruben Alonso Iii
Title
President
Signed
2019-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ruben Alonso III
Formed
2005
Legal Domicile
Mo
Voting Board Members
6
Independent Board Members
6
Employees
9

Preparer

Firm
Welch & Associates LLC
Address
920 Main Street Suite 640, Kansas City, MO 64105
Preparer
Brian D Welch
Phone
8167562620
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D

“Program Service Expenses 35,369, Grants and allocations 0, Revenue 0 The Organization provides annual grants and provides services of its staff to a non-profit community development organization that focuses on supporting neighborhood capacity building efforts in the Organizations service area.”

Form 990, Part IX, Line 11G

“20892 was paid for consulting services for strategic planning 30,000 was paid for consulting services related to new markets tax credit applications 2950 was paid for IT consulting 2000 for photography services, 5 21572 fees for loan servicing services, and 6 1138 for various other matters.”

Financial Statement Notes

X 2

“The preparatiion of financial statements in accordance with principles generally accepted in the United States of America requires the Organization to report information regarding its exposure to various tax positions taken by the Organization. The Organization has determined whether any tax positions have met the recognition threshold and has measured the Organizations exposure to those tax positions. Management believes that the Organization has addressed all relevant tax positions and that there are no unrecorded tax liabilities. Federal and state taxing authorities generally have the right to examine and audit the previous three years of tax returns filed. Any interest or penalties assessed to the Organization are recorded in expense. No interest or penalites from federal or state taxing authorities were recorded in the financial statements.”

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IRS990/Desc0As the only mission-driven, Kansas City-based CDFI exclusively serving low- to moderate-income communities in Kansas City, Missouri, AltCap is a critical source of small business capital for small and micro business that are undeserved by traditional financial institutions. In FY2016 AltCap provided small and microloans to a variety of businesses through its targeted loan funds which include the facade improvement loan fund, ArtCap Microloan Fund for Artists, and the Diversified Contractors Growth Fund MBE/WBE contractor loan fund.
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IRS990/NetAssetsOrFundBalancesBOYAmt05402774
IRS990/NetAssetsOrFundBalancesEOYAmt07130635
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt01276
IRS990/OccupancyGrp/ProgramServicesAmt09444
IRS990/OccupancyGrp/TotalAmt010720
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01558
IRS990/OfficeExpensesGrp/ProgramServicesAmt011524
IRS990/OfficeExpensesGrp/TotalAmt013082
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0268939
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt02909
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt021527
IRS990/OtherEmployeeBenefitsGrp/TotalAmt024436
IRS990/OtherExpensesGrp/Desc0Loan program costs
IRS990/OtherExpensesGrp/Desc1Bad debt expense
IRS990/OtherExpensesGrp/Desc2Small business training and development
IRS990/OtherExpensesGrp/Desc3Website costs
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02435
IRS990/OtherExpensesGrp/ProgramServicesAmt02946
IRS990/OtherExpensesGrp/ProgramServicesAmt130776
IRS990/OtherExpensesGrp/ProgramServicesAmt23160
IRS990/OtherExpensesGrp/ProgramServicesAmt318007
IRS990/OtherExpensesGrp/TotalAmt02946
IRS990/OtherExpensesGrp/TotalAmt130776
IRS990/OtherExpensesGrp/TotalAmt23160
IRS990/OtherExpensesGrp/TotalAmt320442
IRS990/OtherLiabilitiesGrp/EOYAmt05000
IRS990/OtherRevenueMiscGrp/BusinessCd0999999
IRS990/OtherRevenueMiscGrp/Desc0Rebates, refunds, credits
IRS990/OtherRevenueMiscGrp/ExclusionAmt0434
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0434
IRS990/OtherRevenueTotalAmt0434
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt027033
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0237643
IRS990/OtherSalariesAndWagesGrp/TotalAmt0264676
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04124
IRS990/PayrollTaxesGrp/ProgramServicesAmt030513
IRS990/PayrollTaxesGrp/TotalAmt034637
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01286
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt09512
IRS990/PensionPlanContributionsGrp/TotalAmt010798
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0Ruben Alonso III
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0541610
IRS990/ProgramServiceRevenueGrp/BusinessCd1525990
IRS990/ProgramServiceRevenueGrp/BusinessCd2611430
IRS990/ProgramServiceRevenueGrp/BusinessCd3522299
IRS990/ProgramServiceRevenueGrp/Desc0Management Fees
IRS990/ProgramServiceRevenueGrp/Desc1Origination or Exit Fees
IRS990/ProgramServiceRevenueGrp/Desc2Registration Fees
IRS990/ProgramServiceRevenueGrp/Desc3Loan Program Income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0757461
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1285000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21033
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt323880
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0757461
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1285000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21033
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt323880
IRS990/ProgSrvcAccomActy2Grp/Desc0Since 2008, the Organization has participated in a federal tax credit program that is used to stimulate investment in econcomically distressed communities. The Orgranization has been awarded new market tax credit allocation authority which has been used to finance job creating businesses and as a catalyst for real estate development projects in its service area predominately economically distressed census tracts in the urban core of Kansas City, Missouri.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0178305
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt01042461
IRS990/ProgSrvcAccomActy3Grp/Desc0The Organization offers a 16-week entrepreneurship and business training program which uses a curriculum created by Workshop In Business Opportunities WIBO. The training program allows the Organization to support small business development and growth in its service area.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt044724
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt01033
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt03200
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0106500
IRS990/PYInvestmentIncomeAmt0234500
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0294491
IRS990/PYOtherRevenueAmt01496
IRS990/PYProgramServiceRevenueAmt01146683
IRS990/PYRevenuesLessExpensesAmt0559594
IRS990/PYSalariesCompEmpBnftPaidAmt0425294
IRS990/PYTotalExpensesAmt0826285
IRS990/PYTotalRevenueAmt01385879
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt01727861
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RevenueAmt0310298
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0356600
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt05164
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0361764
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0349995
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0356600
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt06605
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0343389
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0349995
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt06606
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0336790
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0343389
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt06599
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt02990
IRS990ScheduleD/EquipmentGrp/DepreciationAmt016555
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt019545
IRS990ScheduleD/ExpensesSubtotalAmt0764474
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt013359
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt14946176
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0Investments in subsidiaries
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1Notes receivable, net
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt017058
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt021905
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt038963
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Refundable retainer
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt02492335
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The preparatiion of financial statements in accordance with principles generally accepted in the United States of America requires the Organization to report information regarding its exposure to various tax positions taken by the Organization. The Organization has determined whether any tax positions have met the recognition threshold and has measured the Organizations exposure to those tax positions. Management believes that the Organization has addressed all relevant tax positions and that there are no unrecorded tax liabilities. Federal and state taxing authorities generally have the right to examine and audit the previous three years of tax returns filed. Any interest or penalties assessed to the Organization are recorded in expense. No interest or penalites from federal or state taxing authorities were recorded in the financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0X 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt020048
IRS990ScheduleD/TotalBookValueProgramRltdAmt04959535
IRS990ScheduleD/TotalExpensesPerForm990Amt0764474
IRS990ScheduleD/TotalLiabilityAmt05000
IRS990ScheduleD/TotalRevenuePerForm990Amt02492335
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02492335
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0764474
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt010000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Working Capital
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0The Jarboe Initiative LLC
IRS990ScheduleI/RecipientTable/RecipientEIN0461555746
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0606 East 31st Street
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Kansas City
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MO
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd064109
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The Organiization does not monitor the use of the award because it was made to provide the recipient with working capital and not for any specific use.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I Line 2
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Program Service Expenses 35,369, Grants and allocations 0, Revenue 0 The Organization provides annual grants and provides services of its staff to a non-profit community development organization that focuses on supporting neighborhood capacity building efforts in the Organizations service area.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The tax return is prepared by an external accountant and reviewed by management. After review by management the return is provided to the full board for review and approval prior to being filed with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Organizations management level employees and its Board of Directors annually review the Standards of Conduct policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Compensation was set by the Board of Directors and was based upon a comprehensive review of comparables of peer organizations with similar roles and responsibilities for the President.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Organization did not compensate any person who meets the requirements to be listed in response to this question and accordingly, has answered this question No. Not applicable was not an option and leaving the question unanswered prevents electronic filing of the return.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Organization will provide copies of these documents upon request at no charge.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt620892 was paid for consulting services for strategic planning 30,000 was paid for consulting services related to new markets tax credit applications 2950 was paid for IT consulting 2000 for photography services, 5 21572 fees for loan servicing services, and 6 1138 for various other matters.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 4d
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 11g
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt025000
IRS990/TempOrPermanentEndowmentsInd0true
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt05803505
IRS990/TotalAssetsEOYAmt07572841
IRS990/TotalAssetsGrp/BOYAmt05803505
IRS990/TotalAssetsGrp/EOYAmt07572841

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,572,841
Liabilities
$442,206
Net assets
$7,130,635
Revenue
$2,492,335
Expenses
$764,474
Net income
$1,727,861
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.3$17.0$12.3$3.80$9.35$5.55
2023Detailed filing. Detailed filing data is available for this year.$28.6$10.7$17.9$7.55$4.01$3.55
2022Detailed filing. Detailed filing data is available for this year.$30.3$12.8$17.4$6.76$5.24$1.52
2021Detailed filing. Detailed filing data is available for this year.$30.3$14.4$15.9$6.21$2.70$3.51
2020Detailed filing. Detailed filing data is available for this year.$20.3$7.94$12.4$4.59$2.55$2.04
2019Detailed filing. Detailed filing data is available for this year.$9.77$0.86$8.91$2.87$1.10$1.78
2018Detailed filing. Detailed filing data is available for this year.$7.57$0.44$7.13$2.49$0.76$1.73
2017Detailed filing. Detailed filing data is available for this year.$5.80$0.40$5.40$1.39$0.83$0.56
2016Detailed filing. Detailed filing data is available for this year.$5.15$0.31$4.84$2.51$0.71$1.79
2015Summary only. Only limited summary data is available for this year.$3.40$0.36$3.05$1.73$0.65$1.08
2014Detailed filing. Detailed filing data is available for this year.$2.28$0.32$1.97$0.81$0.53$0.28