Overview
What is The Downtown Shareholders Of Kansas City Kansas Inc?
The Downtown Shareholders of Kansas City Kansas Inc, situated at 726 Armstrong Avenue Suite 201, Kansas City, Kansas, is a nonprofit organization dedicated to enhancing the economic viability and revitalization of the downtown metropolitan area in Kansas City, Kansas. By providing maintenance and safety services, the organization aims to attract new businesses and retain existing ones in the district, ultimately transforming it into a thriving hub for commerce, culture, residence, entertainment, and various activities. The mission of The Downtown Shareholders of Kansas City Kansas Inc is to stimulate and promote the revitalization of the downtown area, contributing to its overall prosperity and profitability.
Official website here: www.downtownkck.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star Rating)
The Downtown Shareholders Of Kansas City Kansas Inc has received an 83% rating from Charity Navigator, reflecting a solid performance in accountability and finance. This score is solely based on their financial practices, which are critical for assessing the organization’s operational integrity and transparency. A three-star rating indicates that the nonprofit meets certain standards of accountability, although there is room for improvement in areas such as governance policies.
The organization excels with a fully independent board, consisting of 19 members, and has not reported any material diversion of assets. Their financial health is reinforced by a low liabilities-to-assets ratio of 8.75% and a high program expense ratio of 88.85%, suggesting they allocate a significant portion of their expenses to programs directly related to their mission. Additionally, they have implemented conflict of interest and document retention policies, enhancing their governance framework.
However, it is worth noting that the nonprofit is missing a whistleblower policy, which could be a limitation in safeguarding against misconduct within the organization. While their financial accountability is strong, addressing this gap could further bolster their governance practices. Overall, The Downtown Shareholders demonstrate a commendable commitment to responsible financial management, yet the absence of certain policies suggests areas for potential enhancement.
This AI summary has been generated from information found on Charity Navigator.
Is The Downtown Shareholders Of Kansas City Kansas Inc legitimate?
The Downtown Shareholders Of Kansas City Kansas Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Downtown Shareholders Of Kansas City Kansas Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Official website here: www.downtownkck.org
What is the mission statement of The Downtown Shareholders Of Kansas City Kansas Inc?
The Downtown Shareholders of Kansas City Inc has a mission to stimulate, promote, and encourage the revitalization of a downtown area, transforming it into a thriving and profitable center for businesses, commerce, culture, residences, entertainment, and various activities. Their goal is to improve the economic viability of the area, attract new businesses, and retain existing ones in this downtown region. Through their activities, they aim to enhance the downtown area as a desirable and prosperous hub, benefiting both local businesses and the community at large.
Official website here: www.downtownkck.org
What is the revenue of The Downtown Shareholders Of Kansas City Kansas Inc?
The Downtown Shareholders Of Kansas City Kansas Inc's revenue in 2023 was $468,379.
Official website here: www.downtownkck.org
Who are the executives of The Downtown Shareholders Of Kansas City Kansas Inc and what are their salaries?
Here are 20 key members and their salaries:
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Official website here: www.downtownkck.org
Where can I find the form 990 for The Downtown Shareholders Of Kansas City Kansas Inc?
The Downtown Shareholders Of Kansas City Kansas Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.downtownkck.org
Learn more at the official website: www.downtownkck.org
Mission Statement of The Downtown Shareholders Of Kansas City Kansas Inc
The Downtown Shareholders of Kansas City Kansas Inc, an organization dedicated to revitalization, has a mission to stimulate, promote, and encourage the transformation of a downtown area into a thriving and profitable hub. This hub encompasses various activities such as business, commerce, culture, residence, entertainment, and other ventures. Their objective is to enhance the economic viability of the area, attract new businesses, and retain existing ones in the downtown region. By doing so, they aim to create a vibrant and profitable center that benefits the community as a whole. The organization achieves this through the Downtown Self-Supported Municipal Improvement District (SSMID), which provides and funds maintenance and safety services, ultimately contributing to the overall success and attractiveness of the downtown area.
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Impact
July, 2024
The Downtown Shareholders Of Kansas City Kansas Inc's impact is significant in promoting and encouraging the revitalization of the downtown Kansas City, Kansas metropolitan area. Through providing services and support to improve economic viability, attract new businesses, and retain current businesses in the downtown area, the organization plays a crucial role in creating a thriving and profitable center of business, commerce, culture, residence, entertainment, and other activities. Their efforts contribute to the overall improvement of the community and help in making downtown Kansas City, Kansas a more vibrant and dynamic place for residents and visitors alike.
This information is meant to be a general summary of The Downtown Shareholders Of Kansas City Kansas Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $18
- Program Service Revenue: $48,650
- Gross Receipts: $468,379
Assets and Liabilities:
- Total Assets: $217,503
- Total Liabilities: $34,021
- Net Assets: $183,482
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SSMID MANAGEMENT FEE
Revenue
$39,600
PROGRAM EVENTS
Revenue
$9,050
Organization Details
Founding Year
2005
Principal Officer
Wil Anderson
Website
www.downtownkck.orgNTEE Category
Code: S310 - Community improvement
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