Kansas City Area Development Council
- Assets
- $4.1m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 32
- Location
- Kansas City, MO
- Founding
- 09/1999
- Data as of
- 12/2021
- EIN
- 43-1852671
Organization Overview
Kansas City Area Development Council is located in Kansas City, MO. The organization was established in 1999. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Kansas City Area Development Council employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kansas City Area Development Council is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Kansas City Area Development Council generated $5.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $5.1m during the year ending 12/2021. While expenses have increased by 0.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
TO PROMOTE THE ECONOMIC DEVELOPMENT OF THE BI-STATE METROPOLITAN KANSAS CITY AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KCADC PROMOTES KANSAS CITY AS A GREAT PLACE TO WORK AND LIVE WHILE BUILDING RELATIONSHIPS WITH REAL ESTATE DEVELOPERS AND SITE CONSULTANTS TO ENHANCE GROWTH IN THE REGION. THIS IS ACCOMPLISHED BY RAISING THE REGION'S PROFILE AMONG TOP BUSINESS DECISION MAKERS, UPGRADING KANSAS CITY'S NATIONAL IMAGE, AND PRESENTING THE REGION AS A TOP U.S. CITY TO ATTRACT COMPANIES, JOBS AND NEW RESIDENTS.
SELF SUSTAINING PROJECTS AND ANNUAL DINNER FOR MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Cowden President & CEO | Officer | 40 | $406,866 |
Jonathan Knecht Senior Vice President - Marketing & Creative | Officer | 40 | $269,993 |
Jill Mccarthy Senior Vice President - Corporate Attraction | Officer | 40 | $240,182 |
Kim Young President, Ahc | Officer | 40 | $196,865 |
Jessica Palm Vice President - Marketing & Public Relations | 40 | $141,055 | |
Jennifer Lyon Vice President, Investor Relations & Marketing | 40 | $130,223 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,171,013 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $384,826 |
| 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 | $4,555,839 |
| Total Program Service Revenue | $833,800 |
| Investment income | $30,004 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,402 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,415,241 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $75,000 |
| 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. | $1,230,157 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,600,646 |
| Pension plan accruals and contributions | $90,481 |
| Other employee benefits | $99,790 |
| Payroll taxes | $162,171 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $657 |
| Fees for services: Accounting | $32,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $51,804 |
| Advertising and promotion | $519,494 |
| Office expenses | $46,100 |
| Information technology | $133,634 |
| Royalties | $0 |
| Occupancy | $221,628 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $430,898 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $124,655 |
| Insurance | $0 |
| All other expenses | $28,105 |
| Total functional expenses | $5,139,383 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,299,529 |
| 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 | $406,343 |
| Investments—publicly traded securities | $2,351,780 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,057,652 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $4,057,652 |
| 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 | $4,057,652 |
Grants Awarded
Over the last fiscal year, Kansas City Area Development Council has awarded $75,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Kansas City, MO PURPOSE: TO SUPPORT KCADC'S MISSION OF RECRUITING COMPANIES TO THE KANSAS CITY REGION | $50,000 |
Kansas City, MO PURPOSE: TO SUPPORT KCADC'S MISSION OF RECRUITING COMPANIES TO THE KANSAS CITY REGION | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kansas City Area Development Council has recieved totaling $60,000.
| Awarding Organization | Amount |
|---|---|
Delta Dental Plan Of Kansas Inc Wichita, KS PURPOSE: Charitable Giving | $60,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Association Of Orthopaedic Surgeons Of America Rosemont, IL | $21,165,468 | $24,653,127 |
Nashville Convention & Visitors Bureau Nashville, TN | $15,667,602 | $21,623,147 |
St John Building Corporation St Louis, MO | $229,726,241 | $17,258,959 |
Appraisal Institute Chicago, IL | $29,125,581 | $19,187,200 |
American Massage Therapy Assn Evanston, IL | $43,659,958 | $20,082,192 |
National Roofing Contractors Association Rosemont, IL | $27,483,299 | $17,802,756 |
National Biodiesel Board Jefferson City, MO | $12,011,947 | $15,134,555 |
American Marketing Association Inc Chicago, IL | $9,741,723 | $15,191,106 |
Alliance For Audited Media Lisle, IL | $17,794,762 | $11,739,341 |
American Society Of Safety Professionals Park Ridge, IL | $23,941,077 | $16,437,200 |
Prestressed Concrete Institute Chicago, IL | $8,854,978 | $13,790,264 |
Nashville Downtown Partnership Inc Nashville, TN | $5,610,530 | $12,726,748 |