Civic Intelligence

Lee'S Summit Economic Development Council

990 • Fiscal year 2020 • EIN 43-1386718

Jul 01, 2019 to Jun 30, 2020 • Filed on May 11, 2021

Organization ProfileWWW.LEESSUMMIT.ORG

View Organization Page

218 SE Main StreetLees Summit, MO 64063

(816) 525-6617

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.21x

Higher debt load relative to assets than 73% of similar nonprofits.

2020 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

65th percentile

0.20x

Higher debt load relative to revenue than 65% of similar nonprofits.

2020 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2020

Net Margin

54th percentile

12%

Higher net margin than 54% of similar nonprofits.

2020 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

96th percentile

$185,540

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 28.9% of source-year revenue.

2020 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2020

Asset Growth

75th percentile

15%

Faster asset growth than 75% of similar nonprofits.

2020 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

63rd percentile

4.1%

Faster revenue growth than 63% of similar nonprofits.

2020 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets73rd percentile

Assets

Up

$593,686

Up $75,681 (+15%) from 2019

Net Assets

Up

$468,376

Up $73,304 (+19%) from 2019

Liabilities

Up

$125,310

Up $2,377 (+1.9%) from 2019

Revenue And Expenses
Liabilities / Revenue65th percentileNet Margin54th percentile

Revenue

Up

$641,305

Up $24,989 (+4.1%) from 2019

Expenses

Down

$566,895

Down $7,342 (-1.3%) from 2019

Net Income

Up

$74,410

Up $32,331 (+77%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth75th percentile

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

$1.0M$500K$0Assets 2011: $830,333Liabilities 2011: $366,258Net Assets 2011: $464,0752011Assets 2012: $851,160Liabilities 2012: $374,370Net Assets 2012: $476,7902012Assets 2013: $827,215Liabilities 2013: $449,247Net Assets 2013: $377,9682013Assets 2014: $774,957Liabilities 2014: $409,870Net Assets 2014: $365,0872014Assets 2015: $593,069Liabilities 2015: $153,013Net Assets 2015: $440,0562015Assets 2016: $466,646Liabilities 2016: $22,408Net Assets 2016: $444,2382016Assets 2017: $479,923Liabilities 2017: $22,008Net Assets 2017: $457,9152017Assets 2018: $475,187Liabilities 2018: $123,366Net Assets 2018: $351,8212018Assets 2019: $518,005Liabilities 2019: $122,933Net Assets 2019: $395,0722019Assets 2020: $593,686Liabilities 2020: $125,310Net Assets 2020: $468,3762020Assets 2021: $648,031Liabilities 2021: $125,778Net Assets 2021: $522,2532021Assets 2022: $574,098Liabilities 2022: $114,372Net Assets 2022: $459,7262022Assets 2023: $391,548Liabilities 2023: $73,496Net Assets 2023: $318,0522023Assets 2024: $213,803Liabilities 2024: $2,158Net Assets 2024: $211,6452024

Highlighted filing

2020

Assets$593,686
Liabilities$125,310
Net Assets$468,376
Open 2020 Filing

Operations Trend

Revenue Growth63rd percentile

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

$800K$600K$400K$200K$0-$200KExpenses 2011: $561,6982011Expenses 2012: $535,6462012Expenses 2013: $651,4852013Revenue 2014: $581,777Expenses 2014: $612,933Net Income 2014: -$31,1562014Revenue 2015: $515,526Expenses 2015: $408,005Net Income 2015: $107,5212015Revenue 2016: $504,533Expenses 2016: $484,983Net Income 2016: $19,5502016Revenue 2017: $536,427Expenses 2017: $524,515Net Income 2017: $11,9122017Revenue 2018: $597,143Expenses 2018: $599,005Net Income 2018: -$1,8622018Revenue 2019: $616,316Expenses 2019: $574,237Net Income 2019: $42,0792019Revenue 2020: $641,305Expenses 2020: $566,895Net Income 2020: $74,4102020Revenue 2021: $600,128Expenses 2021: $545,037Net Income 2021: $55,0912021Revenue 2022: $523,598Expenses 2022: $584,871Net Income 2022: -$61,2732022Revenue 2023: $305,733Expenses 2023: $446,197Net Income 2023: -$140,4642023Revenue 2024: $96,945Expenses 2024: $202,496Net Income 2024: -$105,5512024

Highlighted filing

2020

Revenue$641,305
Expenses$566,895
Net Income$74,410
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 11, 2021
Return Version
2019v5.0
Gross Receipts
$641,305
Mission and Program Overview

Mission

To promote and enhance the city of lee's summit as a model community for economic innovation and growth fueled by a pro-business environment, diverse economic base and a commitment to strong relationships and work ethic.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$355,913$416,081▲ $60,168
Cash and Non-Interest-Bearing Accounts$126,086$121,245▼ $4,841
Land, Buildings, and Equipment, Net$34,282$31,442▼ $2,840
Accounts Receivable-$24,918-
Total Assets$518,005$593,686▲ $75,681
Other Assets Total$1,724--
Liabilities
Deferred Revenue$105,000$105,000→ $0
Accounts Payable and Accrued Expenses$17,933$19,201▲ $1,268
Other Liabilities-$1,109-
Total Liabilities$122,933$125,310▲ $2,377
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$395,072$468,376▲ $73,304
Total Net Assets Fund Balance$395,072$468,376▲ $73,304
Total Liabilities and Net Assets / Fund Balance$518,005$593,686▲ $75,681

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$31,442$81,130$112,572
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rick McdowellPresident/ceFT$139,917$45,623$185,540
Rick McdowellPresident/CEO-$139,464$46,076$185,540

Board Members and Trustees

NameTitle
Chip MoxleyChair
Machelle RiffePast Chairma
Tim PaulsonVice Chair
Clint HaynesDirector
Dan RexrothDirector
Heidi ThummelDirector
John McdonaldDirector
Linda HarrelsonDirector
Loren WilliamsonDirector
Michael VanbuskirkDirector
Mike LallyDirector
Will CoatesDirector
Steve ArboCity Manager
Bill BairdMayor
Dr Dennis CarpenterR7 Superinte
Todd HaynesSecretary
Larry HillierTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$638,925
Program Service Revenue
$0
Investment Income
$2,380
Other Revenue
$0
All Other Contributions
$11,200
Change in Net Assets
$74,410

Audited Revenue Reconciliation

Revenue per Audited Statements
$641,305
Total Revenue per Audited Statements
$641,305
Total Revenue per Form 990
$641,305
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$372,769
Other Expenses$189,626
Total Fundraising Expense$23,920
Grants and Similar Amounts Paid$4,500
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$189,516--$189,516
Other Salaries and Wages$92,518$32,119$13,383$138,020
All Other Expenses$46,988$3,418$1,497$51,903
Payroll Taxes$12,594$6,118$2,549$21,261
Fees for Services Other$16,731$2,419$1,008$20,158
Other Employee Benefits$14,153$4,185$1,744$20,082
Fees for Services Accounting$15,363$2,218$924$18,505
Occupancy$15,333$2,231$930$18,494
Other Expenses$10,000$1,743$726$10,000
Office Expenses$5,259$771$321$6,351
Travel$4,979--$4,979
Grants to Domestic Orgs$4,500--$4,500
Pension Plan Contributions$2,146$1,231$513$3,890
Insurance$3,035$439$183$3,657
Depreciation Depletion$1,251$341$142$1,734
Total Functional Expenses$485,742$57,233$23,920$566,895

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$568,001
Expenses per Audited Statements$566,895
Total Expenses per Form 990$566,895
Expenses Not Reported on Form 990$1,106
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$1,109
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 7A

“Board members are elected by the general membership.”

Form 990, Page 6, Part VI, Line 7B

“The general membership approves nominations for officers and board of director vacancies for the fiscal year.”

Form 990, Page 6, Part VI, Line 11B

“A copy of the tax return is provided electronically to the governing body.”

Form 990, Page 6, Part VI, Line 12C

“Board members report any conflicts of interest every year.”

Form 990, Page 6, Part VI, Line 15A

“The executive committee reviews the ceo's compensation annually and prepares a written contract.”

Form 990, Page 6, Part VI, Line 19

“The organization provides copies of its governing documents, conflict of interest policy, and financial statements to the public upon request.”

Filing and Contact Details

Filer

Filer Name
LEE'S SUMMIT ECONOMIC
EIN
43-1386718
Phone
8165256617
Address
218 SE MAIN STREET, LEES SUMMIT, MO 64063

Signing Officer

Name
Rick Mcdowell
Title
President/CEO
Phone
8165256617
Signed
2021-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rick Mcdowell
Formed
1985
Legal Domicile
Mo
Voting Board Members
15
Independent Board Members
15
Employees
4

Preparer

Firm
Spilker Mckeone & Nelson Pc
Address
408 SE 3RD ST, LEES SUMMIT, MO 64063-2823
Preparer
Michele R Spilker CPA
Phone
8168751189
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“To promote and enhance the city of lee's summit as a model community for economic innovation and growth fueled by a pro-business environment, diverse economic base and a commitment to strong relationships and work ethic.”

Form 990, Part XI, Line 9

“Book / tax depreciation difference -1,106”

Form 990, Page 12, Part XII, Line 2C

“The organization is audited every three years and reviewed the other two years.”

Financial Statement Notes

Schedule D, Page 4, Part XII, Line 2D

“Book / tax depreciation difference 1,106”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT/CE
IRS990/Form990PartVIISectionAGrp/TitleTxt1CITY MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt2MAYOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3R7 SUPERINTE
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt8TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt12VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14PAST CHAIRMA
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01985
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GovernmentGrantsAmt0300000
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt04500
IRS990/GrantsToDomesticOrgsGrp/TotalAmt04500
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0641305
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/FundraisingAmt0183
IRS990/InsuranceGrp/ManagementAndGeneralAmt0439
IRS990/InsuranceGrp/ProgramServicesAmt03035
IRS990/InsuranceGrp/TotalAmt03657
IRS990/InvestmentIncomeGrp/ExclusionAmt02380
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02380
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt081130
IRS990/LandBldgEquipBasisNetGrp/BOYAmt034282
IRS990/LandBldgEquipBasisNetGrp/EOYAmt031442
IRS990/LandBldgEquipCostOrOtherBssAmt0112572
IRS990/LegalDomicileStateCd0MO
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt0327725
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROMOTE AND ENHANCE THE CITY OF LEE'S SUMMIT AS A MODEL COMMUNITY FOR ECONOMIC INNOVATION AND GROWTH FUELED BY A PRO-BUSINESS ENVIRONMENT, DIVERSE ECONOMIC BASE AND A COMMITMENT TO STRONG RELATIONSHIPS AND WORK ETHIC.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0395072
IRS990/NetAssetsOrFundBalancesEOYAmt0468376
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0395072
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0468376
IRS990/NoncashContributionsAmt011200
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt0930
IRS990/OccupancyGrp/ManagementAndGeneralAmt02231
IRS990/OccupancyGrp/ProgramServicesAmt015333
IRS990/OccupancyGrp/TotalAmt018494
IRS990/OfficeExpensesGrp/FundraisingAmt0321
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0771
IRS990/OfficeExpensesGrp/ProgramServicesAmt05259
IRS990/OfficeExpensesGrp/TotalAmt06351
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01724
IRS990/OtherChangesInNetAssetsAmt0-1106
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt01744
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt04185
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt014153
IRS990/OtherEmployeeBenefitsGrp/TotalAmt020082
IRS990/OtherExpensesGrp/Desc0LOCAL ADS/BRANDING
IRS990/OtherExpensesGrp/Desc1CONTRACT LABOR
IRS990/OtherExpensesGrp/Desc2BOARD/INVESTOR MEETINGS
IRS990/OtherExpensesGrp/Desc3KCADC DUES
IRS990/OtherExpensesGrp/FundraisingAmt0726
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01743
IRS990/OtherExpensesGrp/ProgramServicesAmt027770
IRS990/OtherExpensesGrp/ProgramServicesAmt112461
IRS990/OtherExpensesGrp/ProgramServicesAmt211145
IRS990/OtherExpensesGrp/ProgramServicesAmt310000
IRS990/OtherExpensesGrp/TotalAmt027770
IRS990/OtherExpensesGrp/TotalAmt114930
IRS990/OtherExpensesGrp/TotalAmt211145
IRS990/OtherExpensesGrp/TotalAmt310000
IRS990/OtherLiabilitiesGrp/EOYAmt01109
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt013383
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt032119
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt092518
IRS990/OtherSalariesAndWagesGrp/TotalAmt0138020
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt02549
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06118
IRS990/PayrollTaxesGrp/ProgramServicesAmt012594
IRS990/PayrollTaxesGrp/TotalAmt021261
IRS990/PensionPlanContributionsGrp/FundraisingAmt0513
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01231
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt02146
IRS990/PensionPlanContributionsGrp/TotalAmt03890
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0RICK MCDOWELL
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0COMMUNITY PRODUCT DEVELOPMENT - AS A TRUSTED, NEUTRAL ADVISOR, PROMOTE A PRO-BUSINESS ENVIRONMENT AND CIVIC DIALOGUE BY COLLABORATING WITH PUBLIC AND PRIVATE SECTOR STAKEHOLDERS TO IMPROVE THE QUALITY OF LIFE IN LEE'S SUMMIT.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0167755
IRS990/ProgSrvcAccomActy2Grp/GrantAmt04500
IRS990/ProgSrvcAccomActy3Grp/Desc0COMMUNITY IMAGE ENHANCEMENT - PUBLICIZE AND MERCHANDISE LEE'S SUMMIT TO KEEP THE COMMUNITY AT THE TOP OF OPINION AND DECISION MAKERS' MINDS. TARGET INDUSTRY ATTRACTION - WORK WITH INVESTORS, COMMUNITY PARTNERS AND ALLIES TO ATTRACT INVESTMENT AND HIGHER PAYING JOBS THAT CONTRIBUTE TO THE TAX BASE.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0161141
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0613010
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt02000
IRS990/PYInvestmentIncomeAmt03306
IRS990/PYOtherExpensesAmt0208464
IRS990/PYRevenuesLessExpensesAmt042079
IRS990/PYSalariesCompEmpBnftPaidAmt0363773
IRS990/PYTotalExpensesAmt0574237
IRS990/PYTotalRevenueAmt0616316
IRS990/ReconcilationRevenueExpnssAmt074410
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0355913
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0416081
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/AgreeCarryoverPriorYearInd0false
IRS990ScheduleC/OnlyInHouseLobbyingInd0true
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt031442
IRS990ScheduleD/EquipmentGrp/DepreciationAmt081130
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0112572
IRS990ScheduleD/ExpensesNotReportedAmt01106
IRS990ScheduleD/ExpensesSubtotalAmt0566895
IRS990ScheduleD/OtherExpensesIncludedAmt01106
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01109
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITIES
IRS990ScheduleD/RevenueSubtotalAmt0641305
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BOOK / TAX DEPRECIATION DIFFERENCE 1,106
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt031442
IRS990ScheduleD/TotalExpensesPerForm990Amt0566895
IRS990ScheduleD/TotalLiabilityAmt01109
IRS990ScheduleD/TotalRevenuePerForm990Amt0641305
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0641305
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0568001
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0139464
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount0453
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt023308
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt022315
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0RICK MCDOWELL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0185540
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO PROMOTE AND ENHANCE THE CITY OF LEE'S SUMMIT AS A MODEL COMMUNITY FOR ECONOMIC INNOVATION AND GROWTH FUELED BY A PRO-BUSINESS ENVIRONMENT, DIVERSE ECONOMIC BASE AND A COMMITMENT TO STRONG RELATIONSHIPS AND WORK ETHIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS ARE ELECTED BY THE GENERAL MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GENERAL MEMBERSHIP APPROVES NOMINATIONS FOR OFFICERS AND BOARD OF DIRECTOR VACANCIES FOR THE FISCAL YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A COPY OF THE TAX RETURN IS PROVIDED ELECTRONICALLY TO THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOARD MEMBERS REPORT ANY CONFLICTS OF INTEREST EVERY YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE EXECUTIVE COMMITTEE REVIEWS THE CEO'S COMPENSATION ANNUALLY AND PREPARES A WRITTEN CONTRACT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION PROVIDES COPIES OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7BOOK / TAX DEPRECIATION DIFFERENCE -1,106
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE ORGANIZATION IS AUDITED EVERY THREE YEARS AND REVIEWED THE OTHER TWO YEARS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$593,686
Liabilities
$125,310
Net assets
$468,376
Revenue
$641,305
Expenses
$566,895
Net income
$74,410
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.14$0.02$2.12$0.97$2.02$1.06
2023Detailed filing. Detailed filing data is available for this year.$3.92$0.73$3.18$3.06$4.46$1.40
2022Detailed filing. Detailed filing data is available for this year.$5.74$1.14$4.60$5.24$5.85$0.61
2021Detailed filing. Detailed filing data is available for this year.$6.48$1.26$5.22$6.00$5.45$0.55
2020Detailed filing. Detailed filing data is available for this year.$5.94$1.25$4.68$6.41$5.67$0.74
2019Detailed filing. Detailed filing data is available for this year.$5.18$1.23$3.95$6.16$5.74$0.42
2018Detailed filing. Detailed filing data is available for this year.$4.75$1.23$3.52$5.97$5.99$0.02
2017Detailed filing. Detailed filing data is available for this year.$4.80$0.22$4.58$5.36$5.25$0.12
2016Detailed filing. Detailed filing data is available for this year.$4.67$0.22$4.44$5.05$4.85$0.20
2015Detailed filing. Detailed filing data is available for this year.$5.93$1.53$4.40$5.16$4.08$1.08
2014Detailed filing. Detailed filing data is available for this year.$7.75$4.10$3.65$5.82$6.13$0.31
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.27$4.49$3.78$6.51
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.51$3.74$4.77$5.36
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.30$3.66$4.64$5.62