Edc Strategic Initiatives Fund
- Assets
- $279.0k
- Revenue
- $579.0
- Investments
- $0.0
- Employees
- 0
- Location
- Kansas City, MO
- Founding
- 06/2019
- Data as of
- 04/2023
- EIN
- 43-1204633
Organization Overview
Edc Strategic Initiatives Fund is located in Kansas City, MO. The organization was established in 2019. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, 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. Edc Strategic Initiatives Fund 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 04/2023, Edc Strategic Initiatives Fund generated $579.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (54.1%) each year. All expenses for the organization totaled $75.2k during the year ending 04/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE CHARITABLE FUND WILL ASSIST FOR PROFIT AND NOT FOR PROFIT ORGANIZATIONS IN EFFORTS TO LESSEN THE BURDENS OF GOVERNMENT BY COMBATTING COMMUNITY DETERIORATION, ETC.
Describe the Organization's Program Activity:
REDEVELOPMENT OF CENTRALLY LOCATED INDUSTRIAL SITES THROUGH MERGING OF PUBLIC FUNDS AND DEVELOPMENT INCENTIVES WITH PRIVATE FUNDS AND DEVELOPMENT INITIATIVES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Spencer Fields Vice President/director | OfficerTrustee | 1 | $0 |
Bridgette Williams Chairwoman/director | OfficerTrustee | 1 | $0 |
Clyde Mcqueen Director | Trustee | 1 | $0 |
Rosana Privitera Biondo Director | Trustee | 1 | $0 |
Heather Brown Interim Pres. & CEO Until 7/1/2022 | OfficerTrustee | 1 | $0 |
Jill Quinn Secretary Until 10/31/2022 | Officer | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $579 |
| 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 | $579 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,000 |
| 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 | $21,858 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,295 |
| All other expenses | $0 |
| Total functional expenses | $75,153 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $184,530 |
| Savings and temporary cash investments | $94,445 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $278,975 |
| Accounts payable and accrued expenses | $0 |
| 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 | $47,931 |
| Total liabilities | $47,931 |
| Net assets without donor restrictions | $231,044 |
| 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 | $278,975 |
Grants Awarded
Over the last fiscal year, Edc Strategic Initiatives Fund has awarded $65,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PROSPECT BUSINESS ASSOCIATION PURPOSE: OPERATIONS- TO HIRE A FULL TIME EMPLOYEE | $50,000 |
IVANHOE NEIGHBORHOOD COUNCIL PURPOSE: OPERATIONS- STRUCTURAL BUILDING EXPANSION AND IMPROVEMENTS NEEDED FOR CURRENT AND FUTURE PROGRAMMING | $15,000 |