Ridekc Development Corporation FY2022 filing

Kansas City, MOUnknown exempt organizationEIN 82-4528619Revenue $283K in FY2022

On file with the IRS1200 E 18th Street · Kansas City, MO

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To promote and facilitate transit-oriented development in the Kansas City metropolitan area in support of the Kansas City Area Transit Authority (KCATA), an entity formed through interstate compact.

100¢ of each $1 spent went to programs.
$172K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · 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
0 of 2
filings with a surplus
Average deficit $456K a year · 261% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$172K
to officers and key staff · 17% of spending
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
18 mo
of spending, in cash
Looks good: 17.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $75K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$4.2M
195% of total assets
Concern: liabilities are 195% of assets; over 80%.
Pt X · Ln 26
Independent board members
8
of 12 voting members
Looks good: 8 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$283K
Spent
$1.0M
To programs
100%
Net assets
−$2.1M
By yearFY2022–FY2023
Revenue
$283K
FY2022
Tap a bar for its year
Revenue by fiscal year
FY2022$283K
FY2023$66K
Expenses
$1.0M
FY2022
Tap a bar for its year
Expenses by fiscal year
FY2022$1.0M
FY2023$229K
Net assets
−$2.1M
FY2022
Tap a bar for its year
Net assets by fiscal year
FY2022−$2.1M
FY2023$0

From the FY2022 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2022 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

100 cents of each dollar spent went to programs.

Program services 100% · $1.0M Management & general 0% · $2K

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

13 people listed on the 990; $172K paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$172,046Pt VII · Sec A
Chairman Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Ridekc Development Corporation executive salaries →

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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
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Encourages development near transit stops to boost public transportation use.

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Provided by the organization

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1 program · $1.0M · in their own filed words · FY2022
01

Management of proposed projects that accomplish transit-oriented development, including programs which analyze and vet potential projects through the Sustaining Transportation and Reinvesting Together Program, or START Program, where projects are analyzed for potential support and completion through the KCATA.

$1.0Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2021
Total grants receivedfrom 1 funder$75K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$283K
Ln 12
Fees for servicesLn 2g$268K
Investment incomeLn 3$15K
Other incomeLn 4–11$10
Money outPt IX
$1.0M
Ln 25
Programscol B$1.0M
Managementcol C$2K
Owns and owesPt X
−$2.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.5M
Total assetsLn 16$2.2M
LiabilitiesLn 26$4.2M
PeoplePt VI, VII
13
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$268K
Investment incomeLn 3$15K
Other incomeLn 4–11$10
Total revenueLn 12$283K
Assets in detailPt X, end of year
CashLn 1$206K
SavingsLn 2$1.3M
Cash and savings togetherLn 1–2$1.5M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$537K
Other assetsLn 15$0
Total assetsLn 16$2.2M
LiabilitiesLn 26$4.2M
Net assetsLn 32−$2.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$2.1M$1.5M
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$539K$537K
Total assetsLn 16$2.6M$2.2M
LiabilitiesLn 26$3.9M$4.2M
Net assetsLn 32−$1.3M−$2.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$172K$172K$0$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$0$0$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$0$0$0$0
Payroll taxesLn 10$0$0$0$0
Management feesLn 11a$429K$429K$0$0
Legal feesLn 11b$301K$301K$0$0
Accounting feesLn 11c$0$0$0$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$0$0$0$0
Advertising and promotionLn 12$0$0$0$0
Office expensesLn 13$3K$3K$0$0
Information technologyLn 14$0$0$0$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$73K$73K$0$0
TravelLn 17$10K$10K$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$40K$40K$0$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$2K$0$2K$0
InsuranceLn 23$0$0$0$0
Other expenses (24a–d)Ln 24$2K$2K$0$0
Total functional expensesLn 25$1.0M$1.0M$2K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $66K$229K−$163K$0 990 PDF
FY2022 Viewing $283K$1.0M−$750K−$2.1M 990 PDF

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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 FY2022 990 (6 parts)
Part I · Summary $283,213 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$268,417
I-10 Investment incomePrior year $503$14,786
I-11 Other revenuePrior year $0$10
I-12 Total revenuePrior year $503$283,213
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$172,046
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $364,477$860,699
I-18 Total expensesPrior year $364,477$1,032,745
I-19 Revenue less expensesPrior year −$363,974−$749,532
Part VI · Governance 8 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $283,213 across 6 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $268,417 · Unrelated business $0 · Excluded from tax $0$268,417
VIII-3 Investment incomeRelated to mission $14,786 · Unrelated business $0 · Excluded from tax $0$14,786
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $10 · Unrelated business $0 · Excluded from tax $0$10
VIII-12 Total revenueRelated to mission $283,213 · Unrelated business $0 · Excluded from tax $0$283,213
Part IX · Statement of functional expenses $1,032,745 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $172,046 · Management $0 · Fundraising $0$172,046
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$0
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$0
IX-10 Payroll taxesPrograms $0 · Management $0 · Fundraising $0$0
IX-11a Management feesPrograms $428,724 · Management $0 · Fundraising $0$428,724
IX-11b Legal feesPrograms $300,874 · Management $0 · Fundraising $0$300,874
IX-11c Accounting feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $0$0
IX-13 Office expensesPrograms $3,208 · Management $0 · Fundraising $0$3,208
IX-14 Information technologyPrograms $0 · Management $0 · Fundraising $0$0
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $73,438 · Management $0 · Fundraising $0$73,438
IX-17 TravelPrograms $10,439 · Management $0 · Fundraising $0$10,439
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $39,760 · Management $0 · Fundraising $0$39,760
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $1,897 · Fundraising $0$1,897
IX-23 InsurancePrograms $0 · Management $0 · Fundraising $0$0
IX-24 Other expenses (24a–d)Programs $2,359 · Management $0 · Fundraising $0$2,359
IX-25 Total functional expensesPrograms $1,030,848 · Management $1,897 · Fundraising $0$1,032,745
Part X · Balance sheet $2,164,018 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $249,988$205,652
X-2 Savings and temporary cash investmentsStart of year $1,834,649$1,338,271
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $5,335$5,335
X-10c Land, buildings and equipment, netStart of year $539,357$537,460
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$77,300
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $2,629,329$2,164,018
X-17 Accounts payable and accrued expensesStart of year $111,677$299,977
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $15,000$33,333
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$78,335
X-26 Total liabilitiesStart of year $3,932,514$4,216,735
X-32 Total net assets or fund balancesStart of year −$1,303,185−$2,052,717
X-33 Total liabilities and net assetsStart of year $2,629,329$2,164,018
Part XI · Reconciliation of net assets −$2,052,717 net assets at year end
XI-1 Total revenue$283,213
XI-2 Total expenses$1,032,745
XI-3 Revenue less expenses−$749,532
XI-4 Net assets at start of year−$1,303,185
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$2,052,717

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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