Overview
What is Kansas City Downtown Minority Development Corporation?
The Kansas City Downtown Minority Development Corporation, located at 4609 THE PASEO, Kansas City, Missouri 64110, is a nonprofit organization dedicated to fostering entrepreneurship among minorities in the central business district of Kansas City, Missouri, as well as economically disadvantaged areas within the city. They provide financing to support this entrepreneurship, working towards the betterment of the local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
The Kansas City Downtown Minority Development Corporation has earned a commendable Four-Star rating from Charity Navigator, reflecting its high level of accountability and financial health. With an overall score of 94%, the organization demonstrates strong financial management practices, including a program expense ratio of 99.37%, indicating that nearly all of its expenses are directed towards its programs rather than administrative costs.
The organization shows a commitment to governance, with a board composed entirely of independent members, which enhances its credibility and reduces potential conflicts of interest. Furthermore, it has established comprehensive policies, such as a whistleblower policy and document retention guidelines, ensuring transparency and ethical operations. The absence of any material diversion of assets further reinforces the organization's integrity.
While the rating highlights many strengths, it is essential for potential supporters to continue monitoring the organization's impact and effectiveness over time. Overall, the Kansas City Downtown Minority Development Corporation appears to be a well-managed nonprofit dedicated to serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is Kansas City Downtown Minority Development Corporation legitimate?
Kansas City Downtown Minority Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kansas City Downtown Minority Development Corporation 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Kansas City Downtown Minority Development Corporation?
The Kansas City Downtown Minority Development Corporation is dedicated to fostering entrepreneurship among minority groups in economically disadvantaged areas, specifically within the central business district. This is achieved by providing necessary financing to support the growth and establishment of minority-owned businesses in these areas. Their primary mission is to empower minority entrepreneurs, thereby contributing to the economic development of the community. The organization has been providing various forms of support to these businesses, aiming to promote economic growth and equality.
Who is the CEO of Kansas City Downtown Minority Development Corporation?
Donna Wilson is the Chair of Kansas City Downtown Minority Development Corporation.
What is the revenue of Kansas City Downtown Minority Development Corporation?
Kansas City Downtown Minority Development Corporation's revenue in 2022 was $3,405.
Who are the executives of Kansas City Downtown Minority Development Corporation and what are their salaries?
There 4 volunteers at Kansas City Downtown Minority Development Corporation.
Here are 4 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Where can I find the form 990 for Kansas City Downtown Minority Development Corporation?
Kansas City Downtown Minority Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Kansas City Downtown Minority Development Corporation
The Kansas City Downtown Minority Development Corporation is committed to fostering entrepreneurship among minority groups in economically disadvantaged areas of the city, specifically focusing on the Central Business District. To achieve this mission, the organization provides financing to support the growth and development of minority-owned businesses within these areas. By doing so, the corporation aims to contribute to the economic growth and vitality of these neighborhoods, ultimately promoting social and economic equality for minority communities.
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Impact
October, 2024
The Kansas City Downtown Minority Development Corporation plays a pivotal role in fostering minority entrepreneurship within the Kansas City, Missouri, central business district and adjacent economically disadvantaged areas. By providing essential financing and support, the organization empowers minority business owners, helping to cultivate a vibrant and diverse economic landscape.
Through its initiatives, the Corporation contributes significantly to community improvement, enabling minority entrepreneurs to launch, sustain, and grow their businesses. This support not only stimulates economic activity but also creates jobs and enhances the overall quality of life in underrepresented neighborhoods. Consequently, the Corporation's impact is felt widely, promoting inclusivity and economic equity throughout the city.
This information is meant to be a general summary of Kansas City Downtown Minority Development Corporation. 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 2022.
- Investment Income: $3,405
- Gross Receipts: $3,405
Assets and Liabilities:
- Total Assets: $742,323
- Total Liabilities: $0
- Net Assets: $742,323
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Organization Details
Founding Year
1999
Phone
(816) 472-8900Principal Officer
Donna Wilson
Main Address
4609 THE PASEO, KANSAS CITY, MO, 64110
NTEE Category
Code: S43 - Community improvement
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