PARTNERSHIP FOR REGIONALEDUCATIONAL PREPARATION-KANSAS CITY: Form 990, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
PARTNERSHIP FOR REGIONALEDUCATIONAL PREPARATION-KANSAS CITY (EIN 26-0524230)
Tax period
2019-07-01 to 2020-06-30
Filed
2021-05-16
IRS object ID
202101379349300650
Schema version
2019v5.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2021-05-16T20:55:22-05:00ReturnTs
Tax Period End2020-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN341874260PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CBIZ MHM LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1700 WEST 47TH STREET SUITE 1100AddressLine1Txt
CityKANSAS CITYCityNm
State AbbreviationMOStateAbbreviationCd
ZIP64112ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2019-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN260524230EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1PARTNERSHIP FOR REGIONAL EDUCATIONALBusinessNameLine1Txt
Business Name Line2PREPARATION - KANSAS CITY INCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlPARTBusinessNameControlTxt
Phone8167531000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12300 MAIN STREET NO 340AddressLine1Txt
CityKANSAS CITYCityNm
State AbbreviationMOStateAbbreviationCd
ZIP64108ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSUSAN WALLYPersonNm
Person TitlePRESIDENT & CEOPersonTitleTxt
Phone8167531000PhoneNum
Signature2021-05-16SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLISA BURKEPreparerPersonNm
PTINP00220718PTIN
Phone8169455500PhoneNum
Preparation2021-05-05PreparationDt
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerSUSAN WALLYPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line12300 MAIN STREET NO 340AddressLine1Txt
CityKANSAS CITYCityNm
State AbbreviationMOStateAbbreviationCd
ZIP64108ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$2,692,143GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.PREPKC.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2007FormationYr
Legal Domicile StateMOLegalDomicileStateCd
Activity Or MissionSEE SCHEDULE OActivityOrMissionDesc
Voting Members Governing Body9VotingMembersGoverningBodyCnt
Voting Members Independent9VotingMembersIndependentCnt
Total Employee17TotalEmployeeCnt
Total Volunteers792TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$875,105PYContributionsGrantsAmt
CY Contributions Grants$1,840,153CYContributionsGrantsAmt
PY Program Service Revenue$322,223PYProgramServiceRevenueAmt
CY Program Service Revenue$409,778CYProgramServiceRevenueAmt
PY Investment Income$130,476PYInvestmentIncomeAmt
CY Investment Income$117,407CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$1,327,804PYTotalRevenueAmt
CY Total Revenue$2,367,338CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$1,283,575PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$1,354,931CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$123,685CYTotalFundraisingExpenseAmt
PY Other Expenses$774,955PYOtherExpensesAmt
CY Other Expenses$641,935CYOtherExpensesAmt
PY Total Expenses$2,058,530PYTotalExpensesAmt
CY Total Expenses$1,996,866CYTotalExpensesAmt
PY Revenues Less Expenses-$730,726PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$370,472CYRevenuesLessExpensesAmt
Total Assets BOY$5,295,688TotalAssetsBOYAmt
Total Assets EOY$5,809,291TotalAssetsEOYAmt
Total Liabilities BOY$97,046TotalLiabilitiesBOYAmt
Total Liabilities EOY$298,619TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$5,198,642NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$5,510,672NetAssetsOrFundBalancesEOYAmt
MissionSEE SCHEDULE OMissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$1,678,137ExpenseAmt
Revenue$409,778RevenueAmt
DescSEE SCHEDULE ODesc
Total Program Service Expenses$1,678,137TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document53IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee17EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
DAF Excess Business Holdings0DAFExcessBusinessHoldingsInd
Taxable Distributions0TaxableDistributionsInd
Distribution To Donor0DistributionToDonorInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members9GoverningBodyVotingMembersCnt
Independent Voting Member9IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldMOStatesWhereCopyOfReturnIsFldCd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonE2E LLC NANCY MCCULLOUGHPersonNm
Phone8162894274PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1519 SW BOULEVARDAddressLine1Txt
CityKANSAS CITYCityNm
State AbbreviationMOStateAbbreviationCd
ZIP64108ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (12 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
CHRIS GENTILE
BOARD CHAIR1.00Yes (X)Yes (X)$0$0$0
DAVID WARM
DIRECTOR1.00Yes (X)$0$0$0
RAY DANIELS
DIRECTOR1.00Yes (X)$0$0$0
RAMON MURGUIA
DIRECTOR1.00Yes (X)$0$0$0
EDWARD F HONESTY
DIRECTOR1.00Yes (X)$0$0$0
TOM FORRESTER
DIRECTOR1.00Yes (X)$0$0$0
LEO E MORTON
DIRECTOR1.00Yes (X)$0$0$0
MADELINE ROMIOUS
DIRECTOR1.00Yes (X)$0$0$0
BRIAN WIMES
DIRECTOR1.00Yes (X)$0$0$0
SUSAN WALLY
PRESIDENT & CEO60.00Yes (X)$162,500$0$4,875
DOUG ELMER
VICE PRESIDENT60.00Yes (X)$145,000$0$4,350
SUSAN ENGELMAN
BENCHMARKING COACH40.00$113,000$0$15,974Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$420,500TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$25,199TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K3IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Federated Campaigns$82,599FederatedCampaignsAmt
All Other Contributions$1,757,554AllOtherContributionsAmt
Total Contributions$1,840,153TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescDISTRICT COST SHARINGDesc
Business611710BusinessCd
Total Revenue Column$409,778TotalRevenueColumnAmt
Related Or Exempt Func Income$409,778RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$409,778TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$76,607TotalRevenueColumnAmt
Exclusion$76,607ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$365,605SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$324,805SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$40,800SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$40,800TotalRevenueColumnAmt
Exclusion$40,800ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,367,338TotalRevenueColumnAmt
Related Or Exempt Func Income$409,778RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$117,407ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$318,219TotalAmt
Program Services$199,937ProgramServicesAmt
Management And General$44,360ManagementAndGeneralAmt
Fundraising$73,922FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$1,036,712TotalAmt
Program Services$975,754ProgramServicesAmt
Management And General$17,972ManagementAndGeneralAmt
Fundraising$42,986FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$36,319TotalAmt
Management And General$36,319ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$238TotalAmt
Management And General$238ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$165,070TotalAmt
Program Services$86,353ProgramServicesAmt
Management And General$78,717ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$32,713TotalAmt
Program Services$31,070ProgramServicesAmt
Management And General$1,643ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$15,581TotalAmt
Program Services$13,520ProgramServicesAmt
Management And General$717ManagementAndGeneralAmt
Fundraising$1,344FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
TEXTBOOKS, MATERIALS, A$126,776$117,131$9,645
CONVENING AND NETWORKIN$113,411$102,545$5,433$5,433
TUITION, REGISTRATION,$97,107$97,107
COACHING/TRAINING$54,720$54,720

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,996,866TotalAmt
Program Services$1,678,137ProgramServicesAmt
Management And General$195,044ManagementAndGeneralAmt
Fundraising$123,685FundraisingAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$2,817,947BOYAmt
EOY$2,893,308EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$170,000BOYAmt
EOY$595,231EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$64,170BOYAmt
EOY$75,854EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$134,533BOYAmt
EOY$117,482EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$20,400LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$10,200LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$12,239BOYAmt
EOY$10,200EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$2,035,865BOYAmt
EOY$2,069,823EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
BOY$60,934BOYAmt
EOY$47,393EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$5,295,688BOYAmt
EOY$5,809,291EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$97,046BOYAmt
EOY$37,679EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$32,240EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$228,700EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$97,046BOYAmt
EOY$298,619EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$4,881,266BOYAmt
EOY$4,708,855EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$317,376BOYAmt
EOY$801,817EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$5,198,642BOYAmt
EOY$5,510,672EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$5,295,688BOYAmt
EOY$5,809,291EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$370,472ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$23,077NetUnrlzdGainsLossesInvstAmt
Donated Services And Use Fclts-$81,519DonatedServicesAndUseFcltsAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,128,299CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,487,297CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,180,321CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$875,105CurrentTaxYearMinus1YearAmt
Current Tax Year$1,840,153CurrentTaxYearAmt
Total$6,511,175TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,128,299CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,487,297CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,180,321CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$875,105CurrentTaxYearMinus1YearAmt
Current Tax Year$1,840,153CurrentTaxYearAmt
Total$6,511,175TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$3,335,325SubstantialContributorsTotAmt
Public Support Total170$3,175,850PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$53,187CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$57,726CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$79,076CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$105,383CurrentTaxYearMinus1YearAmt
Current Tax Year$76,607CurrentTaxYearAmt
Total$371,979TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$3,365CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,235CurrentTaxYearMinus2YearsAmt
Total$5,600TotalAmt
FieldValueIRS element (for citing)
Total Support$6,888,754TotalSupportAmt
Public Support CY1700.46100PublicSupportCY170Pct
Public Support PY1700.50950PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$20,400OtherCostOrOtherBasisAmt
Depreciation$10,200DepreciationAmt
Book Value$10,200BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$10,200TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescPPP LOAN PAYABLEDesc
Amt$228,700Amt
FieldValueIRS element (for citing)
Total Liability$228,700TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$2,390,177TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$23,077NetUnrealizedGainsInvstAmt
Revenue Not Reported$23,077RevenueNotReportedAmt
Revenue Subtotal$2,367,100RevenueSubtotalAmt
Investment Expenses Not Incld$238InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt$238RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$2,367,338TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$2,078,147TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$81,519DonatedServicesUseFcltsAmt
Expenses Not Reported$81,519ExpensesNotReportedAmt
Expenses Subtotal$1,996,628ExpensesSubtotalAmt
Investment Expenses Not Incld2$238InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt$238ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$1,996,866TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationTHE ORGANIZATION HAS BEEN GRANTED EXEMPTION FROM INCOME TAXES BY THE INTERNAL REVENUE SERVICE UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION IS NOT CONSIDERED TO BE A PRIVATE FOUNDATION. MANAGEMENT HAS ASSESSED THE EXPOSURE OF THE ORGANIZATION TO ANY UNCERTAIN TAX POSITIONS AND HAS CONCLUDED THAT NO MATERIAL UNCERTAIN TAX POSITIONS EXISTED AS OF JUNE 30, 2020 AND 2019.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeYes (X)CompensationCommitteeInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonSUSAN WALLYPersonNm
TitlePRESIDENT & CEOTitleTxt
Base Compensation Filing Org$162,500BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$0CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization$0BonusFilingOrganizationAmount
Bonus Related Organizations$0BonusRelatedOrganizationsAmt
Other Compensation Filing Org$0OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs$0OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org$4,875DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$0DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$0NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$0NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$167,375TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$0TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org$0CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs$0CompReportPrior990RltdOrgsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART I, LINE 1PREP-KC FOCUSES ON PROVIDING STUDENTS FROM KANSAS CITY'S BI-STATE URBAN SCHOOL DISTRICTS WITH OPPORTUNITIES TO SUCCEED IN COLLEGE AND THEIR CAREERS. WORKING WITH THESE URBAN DISTRICTS, PREP-KC SUPPORTS AT-SCALE IMPROVEMENTS IN UNDERSERVED STUDENTS' OUTCOMES, MOST OF WHOM ARE FIRST-GENERATION COLLEGE-GOERS. PREP-KC INVESTS IN RESEARCH-BASED STRATEGIES THAT WILL PREPARE STUDENTS FOR CAREERS IN HIGH-DEMAND, WELL PAYING JOBS IN THE KANSAS CITY REGION. PREP-KC PARTNERS WITH SIX SCHOOL DISTRICTS AND FOUR CHARTER SCHOOLS ON BOTH SIDES OF THE STATE LINE. TOGETHER, THESE DISTRICTS SERVE OVER 70,000 STUDENTS AND PRODUCE OVER 2,900 ANNUAL HIGH SCHOOL GRADUATES; 81% OF THESE STUDENTS IDENTIFY AS STUDENTS OF COLOR, AS 88% LOW-INCOME. BY PROVIDING STUDENTS FROM THESE URBAN SCHOOLS WITH OPPORTUNITIES TO PREPARE FOR POSTSECONDARY EDUCATION AND MEANINGFUL CAREERS, PREP-KC'S WORK OFFERS A PATH TO ECONOMIC OPPORTUNITY. IT ALSO EXPANDS AND DIVERSIFIES THE REGION'S HOMEGROWN TALENT PIPELINE.
FORM 990, PART III, LINE 4ASINCE ITS FOUNDING IN 2006, PREP-KC HAS BEEN DEVELOPING AND PILOTING AT-SCALE STRATEGIES TO IMPROVE STUDENT OUTCOMES IN THE BI-STATE REGION'S URBAN SCHOOL DISTRICTS. AS PREP-KC MEASURED PROGRESS SUCH AS HIGH SCHOOL GRADUATION RATES, IT BECAME CLEAR THAT A HIGH SCHOOL DIPLOMA IS NOT ENOUGH TO PROVIDE STUDENTS FROM LOW-INCOME BACKGROUNDS THE PREPARATION, EXPERIENCE, AND RELATIONSHIPS THEY NEED TO SUCCEED AFTER HIGH SCHOOL, AND TO GAIN ACCESS TO HIGH-GROWTH, HIGH-DEMAND CAREERS IN OUR REGION'S ECONOMY. TO ACHIEVE THESE GOALS, EVERY STUDENT NEEDS ACCESS TO INFORMATION, RESOURCES, AND OPPORTUNITIES TO PREPARE FOR COLLEGE AND CAREER SUCCESS. THESE SUPPORTS ARE ESPECIALLY CRITICAL--BUT TOO OFTEN UNAVAILABLE-- TO YOUNG PEOPLE GROWING UP IN THE HISTORICALLY UNDERSERVED NEIGHBORHOODS SERVED BY PREP-KC'S PARTNER SCHOOLS. THIS OPPORTUNITY GAP FOR STUDENTS IN UNDERSERVED COMMUNITIES LIMITS THESE YOUNG PEOPLE'S OPTIONS AFTER HIGH SCHOOL IN AN ERA WHERE A HIGH SCHOOL DIPLOMA PROVIDES NO GUARANTEE OF MEANINGFUL EMPLOYMENT OR ECONOMIC SECURITY. IN 2011, PREP-KC CREATED AND PILOTED STRATEGIES TO HELP COHORTS OF STUDENTS IN URBAN HIGH SCHOOLS GO BEYOND THE STANDARD REQUIREMENTS FOR A DIPLOMA AND DEVELOP CONCRETE EVIDENCE OF THEIR COLLEGE AND CAREER READINESS. AS WE TRACKED IMPACT DATA AND LEARNED FIRST-HAND FROM OUR STUDENTS' SUCCESS, PREP-KC INITIATED THE PHRASE "MARKET VALUE ASSETS" (MVA) TO DESCRIBE THE RIGOROUS EXPERIENCES THAT ALIGN STUDENTS' HIGH SCHOOL EDUCATION WITH POSTSECONDARY INSTITUTIONS' EXPECTATIONS AND THE 21ST-CENTURY WORKFORCE NEEDS. THESE ASSETS HAVE TANGIBLE, EVIDENCE-BASED VALUE TO STUDENTS' PROSPECTS FOR POSTSECONDARY ACCESS AND ATTAINMENT AND SUCCESS IN ENTERING HIGH-GROWTH, HIGH-DEMAND CAREER PATHWAYS. PREP-KC ALSO FOUND THAT ATTAINING AN MVA INCREASED HIGH SCHOOL GRADUATION RATES, DOUBLED POSTSECONDARY ENROLLMENT, AND INCREASED POSTSECONDARY PERSISTENCE FOR STUDENTS. MVAS ARE THOSE ASSETS THAT HAVE TANGIBLE, EVIDENCE-BASED VALUE TO STUDENTS' PROSPECTS FOR POSTSECONDARY ACCESS AND ATTAINMENT, AND SUCCESS IN ENTERING HIGH-GROWTH, HIGH-DEMAND CAREER PATHWAYS. PREP-KC NOW INVESTS IN AND MEASURES THE FOLLOWING FOUR MVAS: 1) AT LEAST NINE COLLEGE CREDITS EARNED DURING HIGH SCHOOL; 2) AN INDUSTRY RECOGNIZED CREDENTIAL EARNED DURING HIGH SCHOOL; 3) COMPLETION OF A RIGOROUS INTERNSHIP OR CLIENT PROJECT DURING HIGH SCHOOL; OR 4) RECEIVING A KC SCHOLARS OR HONEYWELL HOPE SCHOLARSHIP (THESE HIGH-VALUE SCHOLARSHIPS PROVIDE INTENSIVE SUPPORTS FOR STUDENTS DURING THE POSTSECONDARY APPLICATION, ADMISSIONS, AND TRANSITION PROCESSES.) CURRENTLY, APPROXIMATELY 34% (943 OUT OF 2800) OF PREP-KC PARTNER HIGH SCHOOL GRADUATES EARN A MARKET VALUE ASSET. PREP-KC IS PRESENTLY ENGAGING IN AN INTENSIVE, ORGANIZATION-WIDE EFFORT TO INCREASE GRADUATES' PERCENTAGE OF EARNING A MARKET VALUE ASSET TO 85% (2400 OUT OF APPROXIMATELY 2800) BY 2025. THIS STRATEGIC INITIATIVE WILL HELP OVER 10,000 STUDENTS FROM URBAN SCHOOLS EARN THESE HIGH-VALUE ASSETS BY 2025. AS THE REGION'S FIRST ORGANIZATION TO FOCUS OUR WORK ON HELPING STUDENTS ATTAIN MVAS, PREP-KC IS EXCITED THAT KC RISING AND THE EWING MARION KAUFFMAN FOUNDATION'S REAL WORLD LEARNING INITIATIVE HAVE ADOPTED THE CONCEPT OF MARKET VALUE ASSETS ACROSS THE BI-STATE REGION. OVER THE NEXT SEVERAL YEARS, PREP-KC IS POSITIONED TO PLAY A SIGNIFICANT ROLE AS A SOURCE OF TECHNICAL ASSISTANCE AND STRATEGIC CONSULTATION IN THESE REGIONAL EFFORTS. DURING THE PANDEMIC, PREP-KC HAS ALSO HELPED TEACHERS AND SCHOOLS FIND WAYS TO CONTINUE OFFERING STUDENTS THE OPPORTUNITY TO EARN MARKET VALUE ASSETS IN A REMOTE SETTING. DESPITE THE CHALLENGES PRESENTED BY SCHOOL CLOSURES, PREP-KC'S PARTNER DISTRICTS WERE ABLE TO INCREASE THE NUMBER OF GRADUATES FROM THE CLASS OF 2019 EARNING MARKET VALUE ASSETS (703) AND THE CLASS OF 2020 (943). DUAL ENROLLMENT COLLEGE COURSES, CLIENT PROJECTS, AND SOME INTERNSHIPS HAVE TRANSLATED WELL TO THE VIRTUAL ENVIRONMENT. HOWEVER, MOST INDUSTRY-RECOGNIZED CREDENTIALS REQUIRE SPECIALIZED EQUIPMENT OR WORKPLACE-BASED PRACTICAL TRAINING. THEREFORE, CERTIFICATION PROVIDERS TEMPORARILY SCALED BACK THESE PROGRAMS SINCE THE START OF THE PANDEMIC. PREP-KC HELPED SCHOOLS INTEGRATE MARKET VALUE ASSETS INTO THE REMOTE ENVIRONMENT FOR THE 2020-2021 SCHOOL YEAR. THIS WORK INCLUDES EARLY EFFORTS TO CREATE UNIVERSAL ACCESS TO MARKET VALUE ASSETS FOR ALL SENIORS AT SEVERAL OF OUR PARTNER SCHOOLS. CLIENT PROJECTS GREW SUBSTANTIALLY THIS YEAR, OFFERING MANY STUDENTS THE OPPORTUNITY TO COMPLETE AUTHENTIC PROBLEMS ON BEHALF OF INDUSTRY PARTNERS. ADDITIONALLY, SOME SCHOOLS HAVE BUILT SCALED-BACK INTERNSHIPS AND CLIENT PROJECTS INTO MIDDLE SCHOOL STUDENTS' COURSES TO PREPARE THEM FOR MORE RIGOROUS MVA OPPORTUNITIES NEXT YEAR. THE CONNECTOR PLATFORM HAS BECOME A CRITICAL COMPONENT OF PREP-KC'S EFFORTS TO INTEGRATE INDUSTRY PROFESSIONALS INTO THE CLASSROOM, BOTH DURING THE PANDEMIC AND AFTER SCHOOLS REOPEN. SINCE THE COVID-19 PANDEMIC SHUTTERED SCHOOL BUILDINGS IN EARLY MARCH, PREP-KC HAS DEDICATED OUR TIME AND ENERGY TO HELPING OUR SCHOOL PARTNERS TRANSITION TO VIRTUAL LEARNING ENVIRONMENTS AND PROVIDE CONTINUITY FOR STUDENTS AND TEACHERS. THROUGH APRIL 1, 2021, 831 TEACHERS HAVE PARTICIPATED IN 624 CONNECTOR SESSIONS, LOGGING AN ESTIMATED 15,600 STUDENT VIEWS DURING THE 2020-2021 SCHOOL YEAR. CONNECTOR USAGE SHOWS SUBSTANTIAL GROWTH IN THE PAST YEAR COMPARED TO 215 TEACHERS PARTICIPATING IN 375 CONNECTOR SESSIONS THAT RECORDED AN ESTIMATED 9,375 STUDENT VIEWS DURING THE 2019-2020 SCHOOL YEAR. AS PART OF OUR ONGOING EFFORTS TO ENSURE THAT EVERY STUDENT HAS A STRONG ACADEMIC FOUNDATION, PREP-KC WILL CONTINUE TO STRENGTHEN OUR K-3 LITERACY BENCHMARKING WORK ACROSS AN ESTIMATED 235 CLASSROOMS THAT WILL SERVE AT LEAST 4,000 STUDENTS NEXT YEAR. K-3 LITERACY BENCHMARKING HAS ALREADY DELIVERED PROMISING EARLY RESULTS DURING THE FIRST PHASE OF THE INITIATIVE. OVER THE PAST FOUR YEARS, PREP-KC PARTNER SCHOOLS IMPLEMENTING PREP-KC'S K-3 LITERACY BENCHMARKING INITIATIVE CUT THE PROFICIENCY GAP IN 3RD-GRADE READING SCORES IN HALF. PREP-KC HAS SPENT 15 YEARS BUILDING A ROBUST AND DIVERSE NETWORK OF BUSINESS AND INDUSTRYPROFESSIONALS COMMITTED TO VOLUNTEERING THEIR TIME, ENERGY, AND EXPERTISE TO HELP STUDENTS ATTENDING PREP-KC'S PARTNER SCHOOLS PREPARE FOR COLLEGE AND CAREER SUCCESS. DURING THE 2019-2020 SCHOOL YEAR, PREP-KC ENGAGED 792 INDUSTRY VOLUNTEERS FROM 223 BUSINESS AND POSTSECONDARY INSTITUTIONS WHO REACHED 8,429 STUDENTS THROUGH VIRTUAL (DUE TO COVID-19) CER EXPLORATION AND PREPARATION ACTIVITIES.
FORM 990, PART VI, SECTION B, LINE 11BTHE ORGANIZATION'S OFFICERS WILL REVIEW THE FORM 990 PRIOR TO FILING THE RETURNS WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12CALL BOARD MEMBERS AND DIRECTORS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY. IF INTERESTS ARISE DURING THE YEAR THEY MUST NOTIFY THE CORPORATION'S BOARD OF DIRECTORS OR EXECUTIVE COMMITTEE AS SOON AS SUCH KNOWLEDGE OF ANY POTENTIAL CONFLICTS ARISE.
FORM 990, PART VI, SECTION B, LINE 15ATHE COMPENSATION OF THE CEO OF THE ORGANIZATION WAS DETERMINED AND APPROVED BY THE BOARD.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC FOR REVIEW AT THEIR OFFICES FROM 8 A.M. - 5 P.M., MONDAY THROUGH FRIDAY.

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