Kansas City Regional Destination Development Foundation
- Assets
- $495.6k
- Revenue
- $330.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Kansas City, MO
- Founding
- 08/2006
- Data as of
- 12/2021
- EIN
- 20-3056780
Organization Overview
Kansas City Regional Destination Development Foundation, operating under the name Visit Kc Foundation, is located in Kansas City, MO. The organization was established in 2006. According to its NTEE Classification (S11) the organization is classified as: Single Organization Support, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Visit Kc Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Visit Kc Foundation generated $330.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $280.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Visit Kc Foundation has awarded 26 individual grants totaling $1,865,076. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE QUALITY OF LIFE FOR KC AND ITS RESIDENTS THROUGH THE SUPPORT, EDUCATION, DEVELOPMENT AND RESEARCH OF THIS REGION'S DIVERSE MULTICULTURAL EVENTS AND RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KC RESTAURANT WEEK - THIS PROGRAM WAS DEVELOPED IN PARTNERSHIP WITH THE GREATER KANSAS CITY RESTAURANT ASSOCIATION TO SHOWCASE KANSAS CITY RESTAURANTS TO LOCAL RESIDENTS AND VISITORS OVER A TEN DAY PERIOD. THE PROMOTION HIGHLIGHTS DINING AND GIVING BACK TO CHARITIES DEDICATED TO IMPROVING OUR COMMUNITY WITH SERVICE AND EDUCATIONAL OPPORTUNITIES IN THE HOSPITALITY COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cici Rojas Chair | OfficerTrustee | 1 | $0 |
Cindy Circo Vice Chair/sec./treas. | OfficerTrustee | 1 | $0 |
Jason Fulvi President And CEO | Officer | 40 | $0 |
Rachel Merlo Director | Trustee | 1 | $0 |
Pat Macdonald Director | Trustee | 1 | $0 |
Brian Jonhston Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $330,344 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $330,344 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $330,344 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $236,096 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,000 |
| Interest | $0 |
| Payments to affiliates | $40,920 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $80 |
| Total functional expenses | $280,096 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $493,256 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,301 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $495,557 |
| Accounts payable and accrued expenses | $44,790 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $13,362 |
| Total liabilities | $58,152 |
| Net assets without donor restrictions | $437,405 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $495,557 |
Grants Awarded
Over the last fiscal year, Kansas City Regional Destination Development Foundation has awarded $234,096 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Kansas City, MO PURPOSE: GENERAL SUPPORT | $116,340 |
Kansas City, MO PURPOSE: GENERAL SUPPORT | $100,556 |
Kansas City, MO PURPOSE: GENERAL SUPPORT | $17,200 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kansas City Regional Destination Development Foundation has recieved totaling $1,700.
| Awarding Organization | Amount |
|---|---|
Ewing Marion Kauffman Foundation Kansas City, MO PURPOSE: SUPPORT FOR THE 2019 VISIT KC ANNUAL MEETING IN KANSAS CITY, MISSOURI, FEBRUARY 13, 2019. 201812-5622 | $1,700 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Swope Community Enterprises Kansas City, MO | $0 | -$1,888,854 |
National Community Investment Fund Irrv Tr Chicago, IL | $49,874,763 | $9,294,920 |
Cedar Valley Friends Of The Family Inc Waterloo, IA | $2,837,799 | $5,986,099 |
Dairy Lab Services Inc Dubuque, IA | $2,147,827 | $2,967,894 |
Tulsas Future Inc Tulsa, OK | $2,018,642 | $4,150,136 |
Ladies Union Benevolent Association St Joseph, MO | $16,215,368 | $4,268,127 |
Employer Services Assurance Corporation Little Rock, AR | $1,737,233 | $2,709,348 |
Oklahoma City Economic Development Foundation Inc Oklahoma City, OK | $2,119,683 | $2,021,989 |
National Association Of Electrical Distributors Education Foundation St Louis, MO | $19,969,630 | $3,274,087 |
Felix E Martin Jr Foundation Inc Louisville, KY | $76,641,628 | $5,817,946 |
Creighton Dental Qalicb Inc Omaha, NE | $58,173,712 | $318,000 |
St Joseph Services Inc Chicago, IL | $1,123,789 | $1,648,775 |