Kck 501 Minnesota All Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 842336967 ✦ Kansas city, KS ✦ Designated as a 501(c)(3)

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Overview

What is Kck 501 Minnesota All Inc?

Kck 501 Minnesota All Inc is a nonprofit organization established with a mission to support the unified government in financing a grocery store in Kansas City, Kansas. They achieve this goal through a New Markets Tax Credit (NMTC) transaction, which generates the necessary funds for the project. This grocery store initiative is intended to benefit the local community, serving as a vital resource for food access and sustenance.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 94%, Four-Star out of Four Stars

Kck 501 Minnesota All Inc has achieved a commendable Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The organization scored a perfect 100% in its Accountability & Finance metrics, reflecting strong governance and prudent financial management practices. The 94% overall score signifies that the charity is well-equipped to effectively utilize donations for its intended purpose.

The organization excels in maintaining an independent board, with 100% of its members being independent, which is crucial for unbiased decision-making. Additionally, Kck 501 Minnesota All Inc has implemented robust policies, such as a conflict of interest policy and whistleblower policy, both of which contribute to its transparency and ethical standards. Its strong financial ratios, including a liabilities-to-assets ratio of 0.45%, further demonstrate its sound financial position.

While the organization appears to be performing exceptionally well in terms of governance and financial responsibility, there are no noted limitations or areas for improvement in the available data. Overall, Kck 501 Minnesota All Inc stands out as a reliable and trustworthy nonprofit dedicated to its mission.


This AI summary has been generated from information found on Charity Navigator.

Is Kck 501 Minnesota All Inc legitimate?

Kck 501 Minnesota All Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kck 501 Minnesota All 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.


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 Kck 501 Minnesota All Inc?

Kck 501 Minnesota All Inc serves as a nonprofit organization with a mission to finance the establishment of a grocery store, utilizing the proceeds from a New Markets Tax Credit (NMTC) transaction. Their primary objective is to support the local community by facilitating the creation of a grocery store, thereby addressing potential food accessibility issues. This venture aims to contribute positively to the local economy and improve the quality of life for the community members.

Who is the CEO of Kck 501 Minnesota All Inc?

Deborah Jonscher is the President of Kck 501 Minnesota All Inc.

What is the revenue of Kck 501 Minnesota All Inc?

Kck 501 Minnesota All Inc's revenue in 2021 was $49,987.

Who are the executives of Kck 501 Minnesota All Inc and what are their salaries?


Here are 5 key members and their salaries:


Katherine Carttar (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathleen Vonachen (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Fisher (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Greg Kindle (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Todd Jordan (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Kck 501 Minnesota All Inc?

Kck 501 Minnesota All Inc's most recent form 990 was submitted in 2021 and can be accessed here.

Mission Statement of Kck 501 Minnesota All Inc

Kck 501 Minnesota All Inc, as a nonprofit support organization, is dedicated to financing the establishment of a grocery store. This mission is accomplished through the utilization of New Markets Tax Credits (NMTC). By doing so, the organization aims to contribute positively to its community. The exact location of this grocery store is not specified in the provided information. However, it's clear that Kck 501 Minnesota All Inc plays a significant role in facilitating the financial aspect of this project, ultimately benefiting the community by providing a much-needed resource.

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Impact




October, 2024

Kck 501 Minnesota All Inc plays a significant role in addressing food accessibility and economic development in Kansas City, KS. By serving as a support organization for the unified government, it facilitates the financing of a grocery store through the New Markets Tax Credit (NMTC) program. This initiative not only aims to provide essential grocery services to underserved areas but also fosters local economic growth by creating jobs and stimulating surrounding businesses.

The grocery store project addresses the pressing need for fresh food options in communities that may otherwise lack access. This access to nutritious food can lead to improved health outcomes for residents. Additionally, the financing structure provided by Kck 501 Minnesota All Inc enables the development of infrastructure essential to supporting local economies and enhancing the overall quality of life in the area.

Overall, the organization's impact extends beyond mere food provision; it contributes to community revitalization and economic empowerment, aiming to create a sustainable environment where residents can thrive.




This information is meant to be a general summary of Kck 501 Minnesota All 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.

Revenue
$49,987 (2021)
Expenses
$6,000 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Investment Income: $49,987
  • Gross Receipts: $49,987

Assets and Liabilities:

  • Total Assets: $5,120,335
  • Total Liabilities: $14,778
  • Net Assets: $5,105,557

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Organization Details

Founding Year

2019

Principal Officer

Deborah Jonscher

Main Address

701 N 7TH ST 3RD FLOOR, KANSAS CITY, KS, 66101

NTEE Category

Code: W19 - Public benefit

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