Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1986.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
85 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
16 people listed on the 990; $160K paid to officers and key staff.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|
| Rick McDowell | $175,763 | $160,428 | $142,476 | $139,917 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Fosters economic innovation and growth by promoting a pro-business environment and strong community relationships.
Questions for Lee's Summit Economic Development Council
Your first name shows with your question. Lee's Summit Economic Development Council answers here, for everyone.
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Community 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.
Business Retention and Expansion
Work with local employers to act as their ombudsman to help resolve problems and to grow their businesses.
Community 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.
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $557K | $539K |
| Land, buildings, equipmentLn 10c | $29K | $26K |
| Total assetsLn 16 | $648K | $574K |
| LiabilitiesLn 26 | $126K | $114K |
| Net assetsLn 32 | $522K | $460K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of disqualified personsLn 6 | $187K | $152K | $22K | $13K |
| Other salaries and wagesLn 7 | $108K | $88K | $13K | $8K |
| Pension plan contributionsLn 8 | $2K | $1K | $222 | $129 |
| Other employee benefitsLn 9 | $27K | $22K | $3K | $2K |
| Payroll taxesLn 10 | $22K | $18K | $3K | $2K |
| Legal feesLn 11b | $9K | $7K | $1K | $641 |
| Accounting feesLn 11c | $25K | $20K | $3K | $2K |
| Other fees for servicesLn 11g | $25K | $20K | $3K | $2K |
| Office expensesLn 13 | $3K | $2K | $308 | $179 |
| OccupancyLn 16 | $19K | $15K | $2K | $1K |
| Depreciation, depletion and amortizationLn 22 | $1K | $1K | $178 | $105 |
| InsuranceLn 23 | $9K | $8K | $1K | $651 |
| Other expenses (24a–d)Ln 24 | $97K | $97K | ||
| All other expensesLn 24e | $51K | $46K | $3K | $2K |
| Total functional expensesLn 25 | $585K | $497K | $55K | $32K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $402K | $264K | $138K | $349K | 990 PDF |
| FY2024 | $97K | $202K | −$106K | $212K | 990 PDF |
| FY2023 | $306K | $446K | −$140K | $318K | 990 PDF |
| FY2022 Viewing | $524K | $585K | −$61K | $460K | 990 PDF |
| FY2021 | $600K | $545K | $55K | $522K | 990 PDF |
| FY2020 | $641K | $567K | $74K | $468K | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $523,598 revenue, 12 lines filed
Part VI · Governance 14 of 14 board members independent, 1 to look at
Part VIII · Statement of revenue $523,598 across 7 lines filed
Part IX · Statement of functional expenses $584,871 across 14 lines filed
Part X · Balance sheet $574,098 assets, 11 lines filed
Part XI · Reconciliation of net assets $459,726 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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