Overview
What is Prospect Business Association?
Prospect Business Association, situated in Kansas City, Missouri, is a dedicated community development corporation. Their primary objective is to foster both social well-being and economic growth in the area. In pursuit of this mission, they engage in various activities that contribute to the betterment of the community. The specifics of their activities are geared towards promoting development, ultimately aiming to create a more prosperous and socially supportive environment.
Is Prospect Business Association legitimate?
Prospect Business Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Prospect Business Association 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: $109,504
Professional Fundraising Fees: $0
Other Salaries and Wages: $108,473
For more financial information, click here
What is the mission statement of Prospect Business Association?
The Prospect Business Association serves as a community development corporation, dedicated to promoting both social welfare and economic development. Its mission is geared towards enhancing the well-being of the community and fostering economic growth. The organization strives to contribute positively to the society, working towards a balanced development of its social and economic aspects.
Who is the CEO of Prospect Business Association?
Donald Maxwell is the Founder of Prospect Business Association.
What is the revenue of Prospect Business Association?
Prospect Business Association's revenue in 2022 was $198,488.
Who are the executives of Prospect Business Association and what are their salaries?
The average compensation at Prospect Business Association during 2022 was $72,659. There are 3 employees and 20 volunteers at Prospect Business Association.
Here are 11 key members and their salaries:
- Compensation: $109,405
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Where can I find the form 990 for Prospect Business Association?
Prospect Business Association's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Prospect Business Association
Prospect Business Association, a community development corporation situated in Kansas City, MO, is dedicated to fostering social welfare and promoting economic growth. Their mission is multifaceted, aiming to enhance the community's well-being and stimulate economic progress. By undertaking various initiatives, this organization strives to create a prosperous and supportive environment for all its residents.
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Impact
October, 2024
The Prospect Business Association significantly impacts Kansas City, MO, by fostering social welfare and stimulating economic development. Through various initiatives, the association strengthens local businesses and promotes community engagement, creating a more vibrant and sustainable economy. By supporting entrepreneurs and encouraging investment in the area, it helps to enhance the overall quality of life for residents. The association plays a crucial role in nurturing a sense of community, driving collaborative efforts to address local challenges, and ensuring that growth benefits all members of the community. Its commitment to public benefit highlights the importance of inclusive development and the drive to uplift underserved areas within the city.
This information is meant to be a general summary of Prospect Business Association. 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: $81
- Gross Receipts: $198,488
Assets and Liabilities:
- Total Assets: $341,812
- Total Liabilities: $0
- Net Assets: $341,812
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Organization Details
Founding Year
2018
Phone
(816) 666-9722Principal Officer
Donald Maxwell
Main Address
2420 EAST LINWOOD BOULEVARD SUITE 2, KANSAS CITY, MO, 64109
NTEE Category
Code: W99 - Public benefit
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