philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Independence Council for Economic Development FY2021 filing

Independence, MOUnknown exempt organizationEIN 43-1304196Revenue $634K in FY2021

On file with the IRSiced.org201 N Forest Avenue Suite 120 · Independence, MO

Tell your story. Claim this org

Stimulate Economic growth within the city of Independence mo

37¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average surplus $95K a year · 21% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
37%
of spending
Concern: 37% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 4.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
−$4K
-2% of total assets
Looks good: liabilities are -2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
29
of 29 voting members
Looks good: 29 of 29 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$634K
Spent
$446K
To programs
37%
Net assets
$216K
By yearFY2021–FY2023
Revenue
$634K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$634K
FY2022$590K
FY2023$131K
Expenses
$446K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$446K
FY2022$387K
FY2023$236K
Net assets
$216K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$216K
FY2022$419K
FY2023$108K

From the FY2021 Form 990 (year ending June 2021) · see the original

Give Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

37 cents of each dollar spent went to programs.

Program services 37% · $166K Management & general 63% · $280K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to fix it

Who runs it and what they're paid

29 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Rich Webb
Director
$0Pt VII · Sec A
Bob Glaser
Director
$0Pt VII · Sec A
Matt Medley
Director
$0Pt VII · Sec A
Blake Roberson
Director - at Large
$0Pt VII · Sec A
Jack Figg
Director
$0Pt VII · Sec A
Mark Randall
Director
$0Pt VII · Sec A
See Independence Council for Economic Development executive salaries →

On this list? Claim this org

Something off? Claim to fix it

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes economic growth within Independence, Missouri.

Questions for Independence Council for Economic Development

Tap to ask. Independence Council for Economic Development sees how many people are interested.

Your first name shows with your question. Independence Council for Economic Development answers here, for everyone.

Provided by the organization

Know this org? Add your story

2 programs · $166K · in their own filed words · FY2020
01

Operation of Ennovation Center at Facility

$157Kprogram expense
02

Stimulate economic growth within the City of Independence MO

$9Kprogram expense

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$634K
Ln 12
Gifts and grantsLn 1h$290K
Fees for servicesLn 2g$226K
Other incomeLn 4–11$117K
Money outPt IX
$446K
Ln 25
Programscol B$166K
Managementcol C$280K
Owns and owesPt X
$216K
net assets · Ln 32
Cash and savingsLn 1–2$181K
Total assetsLn 16$212K
LiabilitiesLn 26−$4K
PeoplePt VI, VII
29
listed · VII A
PaidVII A0
Voting boardVI 1a29
IndependentVI 1b29
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$290K
Government grantsLn 1e$170K
Fees for servicesLn 2g$226K
Investment incomeLn 3$23
Other incomeLn 4–11$117K
Total revenueLn 12$634K
Assets in detailPt X, end of year
SavingsLn 2$181K
Cash and savings togetherLn 1–2$181K
Land, buildings, equipmentLn 10c$12K
Total assetsLn 16$212K
LiabilitiesLn 26−$4K
Net assetsLn 32$216K
OperationsPt I, VI
EmployeesI 56
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$6K$181K
Land, buildings, equipmentLn 10c$12K
Total assetsLn 16$33K$212K
LiabilitiesLn 26$4K−$4K
Net assetsLn 32$29K$216K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$89K$7K$82K
Other salaries and wagesLn 7$159K$46K$113K
Other employee benefitsLn 9$40K$10K$30K
Payroll taxesLn 10$19K$4K$15K
Accounting feesLn 11c$7K$2K$4K
Office expensesLn 13$27K$9K$18K
OccupancyLn 16$5K$5K
TravelLn 17$9K$2K$7K
Conferences, conventions and meetingsLn 19$55$55
InterestLn 20$873$873
Depreciation, depletion and amortizationLn 22$2K$2K−$289
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$59K$59K
All other expensesLn 24e$27K$23K$4K
Total functional expensesLn 25$446K$166K$280K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $131K$236K−$105K$108K 990 PDF
FY2022 $590K$387K$203K$419K 990 PDF
FY2021 Viewing $634K$446K$187K$216K 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $633,702 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $259,512$290,336
I-9 Program service revenuePrior year $219,034$226,079
I-10 Investment incomePrior year $17$23
I-11 Other revenue$117,264
I-12 Total revenuePrior year $478,563$633,702
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $377,720$307,577
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $118,815$138,728
I-18 Total expensesPrior year $496,535$446,305
I-19 Revenue less expensesPrior year −$17,972$187,397
Part VI · Governance 29 of 29 board members independent, 4 to look at
VI-1a Voting members of the governing body29
VI-1b Independent voting members29
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $633,702 across 8 lines filed
Lines not itemized here account for $1,859 of total revenue; see the IRS return.
VIII-1b Membership dues$72,630
VIII-1e Government grants$170,000
VIII-1f All other contributions, gifts and grants$47,706
VIII-1h Total contributions, gifts and grants$290,336
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $224,220$224,220
VIII-3 Investment incomeRelated to mission $23$23
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $117,264$117,264
VIII-12 Total revenueRelated to mission $343,366 · Unrelated business $0 · Excluded from tax $0$633,702
Part IX · Statement of functional expenses $446,305 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $7,102 · Management $81,675$88,777
IX-7 Other salaries and wagesPrograms $46,350 · Management $112,968$159,318
IX-9 Other employee benefitsPrograms $10,377 · Management $30,003$40,380
IX-10 Payroll taxesPrograms $4,163 · Management $14,939$19,102
IX-11c Accounting feesPrograms $2,151 · Management $4,400$6,551
IX-13 Office expensesPrograms $9,270 · Management $18,194$27,464
IX-16 OccupancyManagement $4,800$4,800
IX-17 TravelPrograms $1,950 · Management $6,575$8,525
IX-19 Conferences, conventions and meetingsManagement $55$55
IX-20 InterestManagement $873$873
IX-22 Depreciation, depletion and amortizationPrograms $2,478 · Management −$289$2,189
IX-23 InsuranceManagement $2,256$2,256
IX-24 Other expenses (24a–d)Programs $58,707$58,707
IX-24e All other expensesPrograms $23,274 · Management $4,034$27,308
IX-25 Total functional expensesPrograms $165,822 · Management $280,483 · Fundraising $0$446,305
Part X · Balance sheet $212,130 assets, 10 lines filed
X-2 Savings and temporary cash investmentsStart of year $6,423$180,919
X-4 Accounts receivableStart of year $26,585$19,698
X-10c Land, buildings and equipment, net$11,513
X-16 Total assetsStart of year $33,008$212,130
X-17 Accounts payable and accrued expensesStart of year $873$966
X-25 Other liabilitiesStart of year $3,623−$4,745
X-26 Total liabilitiesStart of year $4,496−$3,779
X-27 Net assets without donor restrictionsStart of year $28,512$215,909
X-32 Total net assets or fund balancesStart of year $28,512$215,909
X-33 Total liabilities and net assetsStart of year $33,008$212,130
Part XI · Reconciliation of net assets $215,909 net assets at year end
XI-1 Total revenue$633,702
XI-2 Total expenses$446,305
XI-3 Revenue less expenses$187,397
XI-4 Net assets at start of year$28,512
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$215,909

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.