2017-11-15T15:37:35-06:00 2017-06-30 341874260 CBIZ MHM LLC 700 West 47th Street Suite 1100 Kansas City MO 64112 990 2016-07-20 813287932 Kansas City Scholars inc KANS 8165815700 8080 Ward Parkway No 402 kansas city MO 64114 Beth Tankersley-Bankhead Executive Director 8165815700 2017-11-15 1 LISA BURKE P00220718 8169455500 4.15.200.102 2017-11-15 15:31:29 CS P 4E265A33165D35D9640AA168D46E9A4D53241CCF 686FD21B2BDCEC725286C8CE5A9B3BEB65EF5DF5 2016 2021-01-29 14:40:06Z X X Beth Tankersley-Bankhead 8080 Ward Parkway No 402 kansas city MO 64114 4210486 0 X www.kcscholars.org X 2016 MO The mission of KC Scholars is to increase postsecondary education attainment in the greater Kansas City area. KC Scholars will provide the means through scholarships, financial incentives to promote college savings, and support services for low- and modest-income students and adults needing access to pursue and complete a postsecondary credit-bearing credential or degree. By doing so, KC Scholars will improve the educational attainment, economic independence, quality of the workforce, and participation in community activities in greater Kansas City. 5 5 0 300 0 0 4207672 0 2814 0 4210486 0 0 253728 0 0 496255 749983 3460503 3909820 449317 3460503 X The mission of KC Scholars is to increase postsecondary education attainment in the greater Kansas City area. KC Scholars will provide the means through scholarships, financial incentives to promote college savings, and support services for low- and modest-income students and adults needing access to pursue and complete a postsecondary credit-bearing credential or degree. By doing so, KC Scholars will improve the educational attainment, economic independence, quality of the workforce, and participation in community activities in greater Kansas City. 0 0 183708 KC Scholars serves a six-county area of the Kansas City region: Wyandotte and Johnson Counties in Kansas and Cass, Clay, Jackson and Platte in Missouri. The program is designed to serve low- and modest-income high school students who are in public, charter, and private schools and home-schooled; and adults with some college, but no degree. During the year, the organization awarded the following scholarships: 287 traditional scholarships, 90 adult learner scholarships, and 190 college savings accounts seeded, of which 70 were college saving match participants. 183708 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 0 0 X Kansas City Scholars Inc 8165815700 8080 Ward Parkway No 402 kansas city MO 64114 X Beth Tankersley-Bankhead executive director 40.00 X X 0 0 0 Terry Bassham DIRECTOR 0.25 X 0 0 0 Tammy Edwards TREASURER 0.25 X X 0 0 0 Michelle Kay DIRECTOR 0.25 X 0 0 0 Jan Kreamer BOARD CHAIR 0.25 X X 0 0 0 David Warm DIRECTOR 0.25 X 0 0 0 0 0 0 0 0 0 0 0 4207672 11613 4207672 2814 2814 4210486 0 0 2814 X 67751 67751 155358 155358 7244 7244 7744 7744 15631 15631 2196 2196 24844 24844 203471 203471 20171 20171 19798 19798 12642 12642 1290 1290 1607 1607 3482 3482 scholarship support 183708 183708 programming/events 16547 16547 professional developmen 3577 3577 meals & entertainment 2278 2278 644 644 749983 183708 566275 0 0 264718 0 167156 21870 1607 0 20263 0 3446350 0 11333 0 3909820 0 18319 0 430998 0 449317 X 0 194034 0 3266469 0 3460503 0 3909820 3460503 0 X 0 0 0 X 4207672 4207672 4207672 4207672 3943193 264479 2814 2814 4210486 X Part II, Short Year Explanation: Effective date of exemption was july 20, 2016 causing the return to be a short year return. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1446 48 1398 20424 1559 18865 20263 repo investment *4185 3446350 F 3446350 deferred rent 642 payable to kauffman 430356 430998 Form 990, Part VI, Section B, line 11b Reviewed by the CFO Consultant (e2E) and Executive Director prior to filing. Pending return will also be provided to the Chair and Treasurer of the board with a full review of filed report by the complete board at next Board Meeting. Form 990, Part VI, Section B, line 12c Reviewed with each Board Member and referenced Quarterly for monitoring, Board members sign upon review Form 990, Part VI, Section B, line 15a The Kauffman Foundation, the entity that made the hiring decision, conducted comparative analysis regarding compensation ranges for similar positions nationwide, including a specific analysis by Deloitte. This information informed the setting of compensation for the executive director position, as well as all other positions for KC Scholars Form 990, Part VI, Section C, line 19 upon request Form 990, Part IX, line 11g contractors: Program service expenses 0. Management and general expenses 162,876. Fundraising expenses 0. Total expenses 162,876. payroll processor: Program service expenses 0. Management and general expenses 133. Fundraising expenses 0. Total expenses 133. professional fees - other: Program service expenses 0. Management and general expenses 63. Fundraising expenses 0. Total expenses 63. professional fees - recruiting: Program service expenses 0. Management and general expenses 40,399. Fundraising expenses 0. Total expenses 40,399. FORM 990, PART IX BECAUSE THIS WAS KANSAS CITY SCHOLARS INAGURAL YEAR, MANAGEMENT AND GENERAL EXPENSES AS A PERCENTAGE OF TOTAL COSTS WERE HIGHER DUE TO ADDED COSTS FOR THE SET-UP OF THE ORGANIZATION AND AMOUNTS EXPENDED TO GET PROGRAM STRUCTURE IN PLACE FOR THE FUTURE. SOME SCHOLARSHIPS WERE AWARDED, BUT NOT PAID DURING THE YEAR ENDED JUNE 30, 2017, BUT KANSAS CITY SCHOLARS INTENDS TO SCALE THE PROGRAM TO PAYING APPROXIMATELY 2,000 SCHOLARSHIPS ANNUALLY IN FUTURE YEARS. THEREFORE, THE VAST MAJORITY OF THE ORGANIZATION'S OPERATIONAL EXPENSES WILL BE PROGRAM RELATED.