Morningstars Development Company Inc
- Assets
- $4.3m
- Revenue
- $288.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Kansas City, MO
- Founding
- 01/2004
- Data as of
- 12/2021
- EIN
- 43-1692966
Organization Overview
Morningstars Development Company Inc is located in Kansas City, MO. The organization was established in 2004. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., 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. Morningstars Development Company Inc 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, Morningstars Development Company Inc generated $288.1k 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 (23.4%) each year. All expenses for the organization totaled $325.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
EXPANDED COMMUNITY SERVICES WORK, PROVIDES FACILITIES FOR MEETINGS OF COMMUNITY ORGANIZATION, EXTENDS SERVICES TO SENIORS AND INCREASE YOUTH AWARENESS
Describe the Organization's Program Activity:
Part 3 - Line 4a
INCREASED AWARENESS OF DISADVANTAGED INNER CITY YOUTH THRU CULTURAL ACTIVITIES SUCH AS CHESS, FIELD TRIPS, MOVIES, AND VISITING SPEAKERS. COMBAT FUNDS USED TO ASSIST DISADVANTAGED RESIDENTS WITH ISSUES SUCH AS MARITAL AND SEXUAL ABUSE, HOUSING EVICTION, HOUSING DISCRIMINATION, FOOD STAMPS, SOCIAL SERVICE REFERRALS, AND UTILITY ASSISTANCE.
COMMUNITY SERVICE WORKERS PROVIDED COUNSELING SERVICES TO INDIVIDUALS REFERRED THROUGH THE COURT SYSTEMS.
PROVIDED FACILITIES FOR THE COMMUNITY TO PROVIDE EDUCATIONAL TRAINING OPPORTUNITIES AVAILABLE IN THE GREATER KANSAS CITY AREA. PROVIDED RESOURCES SUCH AS SANITIZERS, FOOD, ETC. TO THE COMMUNITY THROUGH THE COVID SHUTDOWN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bobbie Stevenson President | OfficerTrustee | 10 | $0 |
Linda Watkins Treasurer | OfficerTrustee | 10 | $0 |
Sammy Howell Member | Trustee | 40 | $0 |
Clifford Watkins Secretary | Trustee | 10 | $0 |
Charles Cooper Member | Trustee | 10 | $0 |
John Modest Miles Member | Trustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Willie Smith Financial Group Accounting | 12/30/17 | $16,500 |
Merit General Contractors Construction | 12/30/17 | $113,703 |
Pelofsky And Associates Fund Raising | 12/30/17 | $12,150 |
Rodney Bland Community Service | 12/30/17 | $17,890 |
Pat Jordan And Associates Fund Raising | 12/30/17 | $12,150 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $37,740 |
| All other contributions, gifts, grants, and similar amounts not included above | $227,425 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $265,165 |
| Total Program Service Revenue | $21,209 |
| Investment income | $451 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,225 |
| 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 | $288,050 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $1,400 |
| 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 | $9,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $45,231 |
| Advertising and promotion | $0 |
| Office expenses | $1,836 |
| 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 | $2,552 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $114,468 |
| Insurance | $6,498 |
| All other expenses | $108,816 |
| Total functional expenses | $325,684 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,494 |
| Savings and temporary cash investments | $0 |
| 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 | $4,243,246 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,299,740 |
| Accounts payable and accrued expenses | $564 |
| 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 | $251,122 |
| Total liabilities | $251,686 |
| Net assets without donor restrictions | $4,048,054 |
| 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 | $4,299,740 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Morningstars Development Company Inc has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $30,000 |
Endowment Analysis
Peer Organizations
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|---|---|---|
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Northeast Nebraska Community Action Partnership Inc Pender, NE | $3,455,970 | $8,987,958 |
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Downtown Parking Management Inc Cedar Rapids, IA | $2,652,564 | $2,696,142 |
St Marys Building Corporation St Louis, MO | $40,020,947 | $3,125,452 |
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Providence Building Corporation Inc St Louis, MO | $6,600,443 | $3,711,993 |
Austin Peoples Action Center Chicago, IL | $1,169,247 | $2,618,671 |
Scott County Regional Authority Bettendorf, IA | $3,455,493 | $3,293,735 |
Choose Chicago Foundation Chicago, IL | $859,781 | $2,550,000 |
Delta Institute Chicago, IL | $8,129,187 | $1,847,841 |