2020-04-07T10:25:16-05:00 2019-06-30 341874260 CBIZ MHM LLC 700 WEST 47TH STREET SUITE 1100 KANSAS CITY MO 64112 990 2018-07-01 260524230 PARTNERSHIP FOR REGIONAL EDUCATIONAL PREPARATION - KANSAS CITY INC PART 8167531000 2300 MAIN STREET NO 340 KANSAS CITY MO 64108 SUSAN WALLY PRESIDENT & CEO 8167531000 2020-04-06 1 LISA BURKE P00220718 8169455500 12.221.96.220 2020-04-06 20:33:12 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 15221FC6E68EB1B2961E8E3A93BE1F1B90CD87D2 2018 2021-01-29 14:40:06Z SUSAN WALLY 2300 MAIN STREET NO 340 KANSAS CITY MO 64108 1575700 0 X WWW.PREPKC.ORG X 2007 MO SEE SCHEDULE O 8 8 15 883 0 0 1180321 875105 369652 322223 109295 130476 2235 0 1661503 1327804 0 0 0 0 1009622 1283575 0 0 116079 624729 774955 1634351 2058530 27152 -730726 5836160 5295688 48748 97046 5787412 5198642 X SEE SCHEDULE O 0 0 1706615 322223 SEE SCHEDULE OSINCE ITS FOUNDING IN 2006, PREP-KC HAS BEEN DEVELOPING AND PILOTING STRATEGIES TO HELP STUDENTS IN URBAN HIGH SCHOOLS GO BEYOND THE TRADITIONAL REQUIREMENTS FOR A HIGH SCHOOL DIPLOMA AND DEVELOP CONCRETE EVIDENCE OF THEIR READINESS FOR COLLEGE AND CAREER. AS WE GAINED EXPERIENCE AND TRACKED DATA IMPACT, PREP-KC COINED THE TERM "MARKET VALUE ASSETS" TO DESCRIBE THESE RIGOROUS EXPERIENCES THAT ALIGN STUDENTS' HIGH SCHOOL EDUCATION WITH THE EXPECTATIONS OF POSTSECONDARY INSTITUTIONS AND THE 21ST-CENTURY WORKFORCE.MVAS ARE THOSE 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 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 FULL SCHOLARSHIPS ARE AWARDED DURING THE JUNIOR YEAR AND PROVIDE INTENSIVE SUPPORTS FOR STUDENTS DURING THE POSTSECONDARY APPLICATION, ADMISSIONS, AND TRANSITION PROCESSES.)MARKET VALUE ASSETS CAN BENEFIT EVERY HIGH SCHOOL GRADUATE IN THE REGION AS WELL AS THE REGIONAL WORKFORCE. HOWEVER, MARKET VALUE ASSETS MAY HAVE THE MOST PROFOUND IMPACT ON STUDENTS WHO GROW UP IN LOW-INCOME HOUSEHOLDS. NUMEROUS RESEARCH SOURCES AS WELL AS PREP-KC'S EXPERIENCE HELPING STUDENTS FROM URBAN SCHOOLS - MANY OF WHOM ARE THE FIRST IN THEIR FAMILIES TO COMPLETE ANY POSTSECONDARY EDUCATION OR TRAINING - DEMONSTRATE THAT THESE MARKET VALUE ASSETS CAN CHANGE A STUDENTS' TRAJECTORY DURING AND AFTER HIGH SCHOOL AND PROVIDE A POWERFUL SPRINGBOARD FOR ECONOMIC MOBILITY. BECAUSE PREP-KC'S PARTNER HIGH SCHOOLS SERVE 48% OF ALL STUDENTS GROWING UP IN LOW-INCOME HOUSEHOLDS IN THE BI-STATE 9-COUNTY METROPOLITAN AREA, PREP-KC HAS THE OPPORTUNITY NOT ONLY TO CHANGE THE TRAJECTORY OF INDIVIDUAL STUDENTS' LIVES, BUT TO HELP MAKE SIGNIFICANT INROADS TOWARDS ECONOMIC MOBILITY AND "INCLUSIVE PROSPERITY" ACROSS THE ENTIRE KANSAS CITY REGION. DURING THE SUMMER OF 2019, PREP-KC PROVIDED 57 STUDENTS WITH OPPORTUNITIES TO COMPLETE INTERNSHIPS ACROSS THE CITY, AND 142 IMMERSIVE SUMMER OPPORTUNITIES FOR PREP-KC STUDENTS IN HEALTH CAREERS, BIOSCIENCE, TECHNOLOGY, BUSINESS AND FINANCE. 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 AND AFFIRMED THE CONCEPT OF MARKET VALUE ASSETS ACROSS THE BI-STATE KANSAS CITY 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.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. IN 2014, THESE DISTRICTS FACED A 22-POINT DIFFERENCE BETWEEN THEIR 3RD-GRADE READING SCORES AND STATEWIDE RESULTS ACROSS MISSOURI. BY 2018, THAT GAP HAD NARROWED BY HALF TO AN 11-POINT GAP.PREP-KC HAS SPENT 13 YEARS BUILDING A ROBUST AND DIVERSE NETWORK OF BUSINESS AND INDUSTRY PROFESSIONALS WHO ARE 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 2018-2019 SCHOOL YEAR, PREP-KC ENGAGED 872 INDUSTRY VOLUNTEERS WHO REACHED 8,554 STUDENTS THROUGH FACE-TO-FACE CAREER EXPLORATION AND PREPARATION ACTIVITIES. A CRITICAL COMPONENT OF PREP-KC'S EFFORTS TO INTEGRATE INDUSTRY PROFESSIONALS INTO THE CLASSROOM AT SCALE IS THE CONNECTOR PLATFORM. THE CONNECTOR, LAUNCHED BY PREP-KC AS PART OF A NATIONAL EFFORT, ALLOWS INDUSTRY PROFESSIONALS TO WORK ALONGSIDE TEACHERS AND STUDENTS VIRTUALLY BY USING THE ZOOM TELECONFERENCING TECHNOLOGY. THESE VIRTUAL CONNECTIONS REMOVE MUCH OF THE LOGISTICAL CHALLENGES OF CONNECTING INDUSTRY PROFESSIONALS WITH STUDENTS AND WILL ACCELERATE PREP-KC'S ABILITY TO SCALE RELATIONSHIPS BETWEEN VOLUNTEERS, STUDENTS, AND TEACHERS. LAST YEAR, INDUSTRY VOLUNTEERS PROVIDED 131 SESSIONS ON THE CONNECTOR THAT WERE WATCHED BY 6,236 STUDENTS. 1706615 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 26 0 15 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MO X X E2E LLC NANCY MCCULLOUGH 8162894274 519 SW BLVD KANSAS CITY MO 64108 CHRIS GENTILE BOARD CHAIR 1.00 X X 0 0 0 DAVID WARM DIRECTOR 1.00 X 0 0 0 RAY DANIELS DIRECTOR 1.00 X 0 0 0 RAMON MURGUIA DIRECTOR 1.00 X 0 0 0 EDWARD F HONESTY DIRECTOR 1.00 X 0 0 0 TOM FORRESTER DIRECTOR 1.00 X 0 0 0 LEO E MORTON DIRECTOR 1.00 X 0 0 0 MADELINE ROMIOUS DIRECTOR 1.00 X 0 0 0 SUSAN WALLY PRESIDENT & CEO 60.00 X 162500 0 4875 DOUG ELMER VICE PRESIDENT 60.00 X 145000 0 4350 SUSAN ENGELMANN BENCHMARKING COACH 40.00 X 118950 0 8401 LISA WALKER BENCHMARK PROGRAM COORDINATOR 40.00 X 104800 0 17208 531250 0 34834 4 1 1 0 0 22156 852949 27195 875105 DISTRICT COST SHARING 611710 322223 322223 322223 105383 105383 272989 244944 2952 28045 -2952 25093 25093 1327804 322223 0 130476 X 316725 198682 44278 73765 966850 917149 15309 34392 34853 34853 283 283 280406 191765 88641 48905 46651 2254 8919 7760 445 714 TUITION, REGISTRATION, 113137 113137 TEXTBOOKS, MATERIALS, A 107174 64609 42565 COACHING/TRAINING 94277 94277 CONVENING AND NETWORKIN 87001 72585 7208 7208 2058530 1706615 235836 116079 3077432 2817947 353981 170000 54805 64170 7078 134533 20400 8161 17341 12239 2325523 2035865 0 60934 5836160 5295688 48748 97046 48748 97046 X 5110753 4881266 676659 317376 5787412 5198642 5836160 5295688 -730726 46849 95107 0 X 0 1 X 1 0 X 1131779 1128299 1487297 1180321 875105 5802801 1131779 1128299 1487297 1180321 875105 5802801 2620103 3182698 47667 53187 57726 79076 105383 343039 3365 2235 5600 6151440 0.51740 0.46420 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20400 8161 12239 12239 X 1540362 46849 163040 2952 212841 1327521 283 283 1327804 2129132 67933 2952 70885 2058247 283 283 2058530 PART X, LINE 2: THE 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, 2019 AND 2018. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSSES ON STATEMENT OF FUNCTIONAL EXPENSES 2,952. X X X X 0 0 0 0 0 0 0 0 0 SUSAN WALLY PRESIDENT & CEO 162500 0 0 0 0 0 4875 0 0 0 167375 0 0 0 LISA WALKER BENCHMARK PROGRAM COORDINATOR 104800 0 0 0 0 0 17208 0 0 0 122008 0 0 0 X 27195 FMV 0 0 0 FORM 990, PART I, LINE 1 PREP-KC FOCUSES ON PROVIDING STUDENTS FROM URBAN SCHOOL DISTRICTS WITH OPPORTUNITIES TO SUCCEED IN COLLEGE AND THEIR CAREERS. BY WORKING WITH URBAN SCHOOL DISTRICTS, PREP-KC SUPPORTS AT-SCALE IMPROVEMENTS IN OUTCOMES FOR UNDERSERVED STUDENTS, MOST OF WHOM ARE FIRST-GENERATION COLLEGE-GOERS. PREP-KC INVESTS IN RESEARCH-BASED STRATEGIES THAT WILL PREPARE STUDENTS FOR CAREERS IN HIGH-DEMAND, HIGH-SALARY JOBS IN THE KANSAS CITY REGION. PREP-KC PARTNERS WITH SIX URBAN SCHOOL DISTRICTS AND FOUR CHARTER SCHOOLS ON BOTH SIDES OF THE STATE LINE. TOGETHER, THESE DISTRICTS SERVE OVER 69,000 STUDENTS. 79% OF THESE STUDENTS IDENTIFY AS STUDENTS OF COLOR, AND 84% QUALIFY FOR FREE AND REDUCED LUNCH, WHICH REFLECTS A DISPROPORTIONATE NUMBER OF STUDENTS OF COLOR AND STUDENTS GROWING UP IN LOW-INCOME HOUSEHOLDS ACROSS THE 9-COUNTY METROPOLITAN REGION. WHILE PREP-KC'S STUDENTS REPRESENTED ONLY 16% OF THE HIGH SCHOOL GRADUATES FROM THE 9-COUNTY REGION'S CLASS OF 2017, THEY ARE 34% OF THE REGION'S GRADUATES OF COLOR AND 48% OF THE REGION'S HIGH SCHOOL GRADUATES FROM LOW-INCOME HOUSEHOLDS. BY PROVIDING STUDENTS FROM THESE URBAN SCHOOLS WITH OPPORTUNITIES TO PREPARE FOR POST-SECONDARY EDUCATION AND MEANINGFUL CAREERS, PREP-KC'S WORK PROVIDES A PATH TO ECONOMIC OPPORTUNITY AND EXPANDS AND DIVERSIFIES THE KANSAS CITY REGION'S HOMEGROWN TALENT PIPELINE. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S OFFICERS WILL REVIEW THE FORM 990 PRIOR TO FILING THE RETURNS WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL 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 15A THE COMPENSATION OF THE CEO OF THE ORGANIZATION WAS DETERMINED AND APPROVED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE 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. FORM 990, PART IX, LINE 11G CONTRACTORS: PROGRAM SERVICE EXPENSES 155,436. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 155,436. GRANT MANAGEMENT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 72,570. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 72,570. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 36,329. MANAGEMENT AND GENERAL EXPENSES 16,071. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 52,400.