Hispanic Economic Development Corporation Of Greater Kansas City in Kansas City, Missouri (MO)

Hispanic Economic Development Corporation Of Greater Kansas City
Employer Identification Number (EIN)	431654693
Name of Organization	Hispanic Economic Development Corporation Of Greater Kansas City
In Care of Name	Bernardo Ramirez
Address	2130 Jefferson St, Kansas City, MO 64108-2116
Activities	Area development, redevelopment of renewal, Attracting new industry or retaining industry in an area
Subsection	Charitable Organization
Ruling Date	02/1995
Deductibility	Contributions are deductible
Foundation	Organization which receives a substantial part of its support from a governmental unit or the general public
Organization	Corporation
Exempt Organization Status	Unconditional Exemption
Tax Period	05/2014
Assets	$1,000,000 to $4,999,999
Income	$500,000 to $999,999
Filing Requirement	990 (all other) or 990EZ return
Asset Amount	$2,407,469
Amount of Income	$756,225
Form 990 Revenue Amount	$294,733
National Taxonomy of Exempt Entities (NTEE)	Community Improvement, Capacity Building: Urban, Community Economic Development

Non-representatives - add comments:

Amount of income in 2014: $756,225 (it was $445,615 in 2013)

This organization:	$756,225
Other organizations performing similar types of work:	$190,298

Assets in 2014: $2,407,469 (it was $2,400,263 in 2013)

This organization:	$2,407,469
Other organizations performing similar types of work:	$326,461

Expenses in 2013: $576,401

Hispanic Economic Development Corporation Of Greater Kansas City:	$576,401
Other organizations performing similar types of work:	$231,022

Income to expenses ratio in 2013: 1.3

Hispanic Economic Development Corporation Of Greater Kansas City:	1.3
Other organizations performing similar types of work:	1.0

Number of employees in 2013: 4

Hispanic Economic Development Corporation Of Greater Kansas City:	4
Other organizations performing similar types of work:	2

Grants share in income in 2013: 93.7%

Hispanic Economic Development Corporation Of Greater Kansas City:	93.7%
Other organizations performing similar types of work:	35.7%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Support schedule

	2012	2013
Checklist
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?	Yes	Yes
Is the organization required to complete Schedule B, Schedule of Contributors?	Yes	Yes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?	No	No
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?	No	No
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?	No	No
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?	No	No
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?	No	No
Did the organization maintain collections of works of art, historical treasures, or other similar assets?	No	No
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?	No	No
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?	No	No
Did the organization report an amount for land, buildings, and equipment?	Yes	Yes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?	Yes	Yes
Did the organization report an amount for investments-program related that is 5% or more of its total assets?	No	No
Did the organization report an amount for other assets that is 5% or more of its total assets?	Yes	Yes
Did the organization report an amount for other liabilities?	Yes	Yes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?	No	No
Did the organization obtain separate, independent audited financial statements for the tax year?	Yes	Yes
Was the organization included in consolidated, independent audited financial statements for the tax year?	No	No
Is the organization a school described in section 170(b)(1)(A)(ii)?	No	No
Did the organization maintain an office, employees, or agents outside of the United States?	No	No
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?	No	No
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?	No	No
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?	No	No
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?	No	No
Did the organization report more than $15,000 total of fundraising event gross income and contributions?	No	No
Did the organization report more than $15,000 of gross income from gaming activities?	No	No
Did the organization operate one or more hospital facilities?	No	No
Did the organization attach a copy of its audited financial statements?	No	No
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?	No	No
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?	No	No
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?	No	No
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?	No	No
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?	No	No
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?	No	No
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?	No	No
Did the organization engage in an excess benefit transaction with a disqualified person during the year?	No	No
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?	No	No
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?	No	No
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?	No	No
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?	No	No
A family member of a current or former officer, director, trustee, or key employee?	No	No
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?	No	No
Did the organization receive more than $25,000 in non-cash contributions?	No	No
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?	No	No
Did the organization liquidate, terminate, or dissolve and cease operations?	No	No
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?	No	No
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?	Yes	Yes
Was the organization related to any tax-exempt or taxable entity?	No	No
Did the organization have a controlled entity within the meaning of section 512(b)(13)?	No	No
Did the organization make any transfers to an exempt non-charitable related organization?	No	No
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?	No	No

	2011	2012	2013
Statements Regarding Other IRS Filings and Tax Compliance
The number reported in Box 3 of Form 1096		8	10
The number of Forms W-2G		0	0
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?		Yes	No
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return		5	4
Did the organization file all required federal employment tax returns?		Yes	Yes
Did the organization have unrelated business gross income of $1,000 or more during the year?	No	No	No
Has it filed a Form 990-T for this year?		No	No
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?		No	No
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?		No	No
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?		No	No
Did the organization file Form 8886-T?		No	No
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?		No	No
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?		No	No
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?		No	No
Did the organization notify the donor of the value of the goods or services provided?		No	No
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?		No	No
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?		No	No
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?		No	No
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?		No	No
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?		No	No
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?		No	No
Did the sponsoring organization make any taxable distributions under section 4966?		No	No
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?		No	No
Initiation fees and capital contributions	$0	$0	$0
Gross receipts for public use of club facilities	$0	$0	$0
Gross income from members or shareholders	$0	$0	$0
Gross income from other sources	$0	$0	$0
Is the organization filing Form 990 in lieu of Form 1041?		No	No
The amount of tax-exempt interest received or accrued during the year		$0	$0
Is the organization licensed to issue qualified health plans in more than one state?		No	No
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans		$0	$0
The amount of reserves on hand		$0	$0
Did the organization receive any payments for indoor tanning services during the tax year?		No	No
Has it filed a Form 720 to report these payments?		No	No

	2012	2013
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization	$78,022	$78,022
Total reportable compensation from related organizations	$0	$0
Total estimated amount of other compensation from the organization and related organizations	$0	$0
Total number of individuals who received more than $100,000 of reportable compensation from the organization	0	0
Total number of independent contractors who received more than $100,000 of compensation from the organization	0	0

	2011	2012	2013
Statement of Revenue
Total revenue	$468,748	$424,039	$445,615
Contributions, Gifts, Grants and Other Similar Amounts	$283,377	$382,969	$417,708
Program Service Revenue	$12,071	$16,700	$6,985
Other Activities Related to Real Estate		$16,700	$6,985
All other program service revenue		$0	$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)	$20,106	$23,398	$23,716
Income from investment of tax-exempt bond proceeds	$0	$0	$0
Royalties	$0	$0	$0
Net rental income	$0	$0	$0
Net gain/loss from sales of assets other than inventory	$153,194	$972	$-2,794
Gross amount from sales of assets other than inventory (Securities / Other)	$1,344,294 / $0	$1,212,248 / $0	$252,864 / $0
Less: cost or other basis and sales expenses (Securities / Other)	$1,191,100 / $0	$1,211,276 / $0	$255,658 / $0
Gain or (loss) (Securities / Other)	$153,194 / $0	$972 / $0	$-2,794 / $0
Net income/loss from fundraising events	$0	$0	$0
Net income/loss from gaming activities	$0	$0	$0
Net income/loss from sales of inventory	$0	$0	$0
Miscellaneous Revenue	$0	$0	$0

	2011	2012	2013
Statement of Functional Expenses
Total functional expenses	$440,016	$514,766	$576,401
Grants and other assistance to domestic organizations and domestic governments		$0	$0
Grants and other assistance to domestic individuals		$0	$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals		$0	$0
Benefits paid to or for members		$0	$0
Compensation of current officers, directors, trustees, and key employees	$76,411	$77,918	$81,965
Compensation not included above, to disqualified persons		$0	$0
Other salaries and wages	$128,975	$128,096	$112,818
Pension plan accruals and contributions		$0	$0
Other employee benefits		$38,627	$34,122
Payroll taxes	$15,382	$15,640	$30,756
Fees for services (non-employees)
Management		$0	$0
Legal		$10,448	$6,762
Accounting		$22,441	$24,577
Lobbying		$0	$0
Professional fundraising services	$0	$0	$0
Investment management fees		$6,743	$7,500
Other		$49,935	$41,435
Advertising and promotion		$5,870	$40,448
Office expenses		$16,801	$16,400
Information technology		$0	$0
Royalties		$0	$0
Occupancy		$33,595	$21,835
Travel		$15,776	$21,311
Payments of travel or entertainment expenses for any federal, state, or local public officials		$0	$0
Conferences, conventions, and meetings		$1,226	$1,662
Interest		$0	$0
Payments to affiliates		$0	$0
Depreciation, depletion, and amortization		$20,474	$22,526
Insurance		$9,468	$9,597
Other expenses		$35,132	$78,010
Other expenses		$11,086	$7,325
Other expenses		$6,266	$6,828
Other expenses		$5,019	$6,619
Other expenses		$0	$3,905

	2011	2012	2013
Balance Sheet
Total assets	$2,515,662	$2,362,367	$2,400,263
Cash - non-interest-bearing		$6,477	$45,153
Savings and temporary cash investments		$0	$0
Pledges and grants receivable, net		$32,417	$42,760
Accounts receivable, net		$90,082	$37,196
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees		$0	$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations		$0	$0
Notes and loans receivable, net		$0	$0
Inventories for sale or use		$0	$0
Prepaid expenses and deferred charges		$10,697	$7,281
Land, buildings, and equipment: cost or other basis		$797,438	$780,770
Investments - publicly traded securities		$0	$0
Investments - other securities		$1,425,256	$1,487,103
Investments - program-related		$0	$0
Intangible assets		$0	$0
Other assets		$0	$0
Total liabilities	$9,423	$5,277	$44,326
Accounts payable and accrued expenses		$1,369	$2,951
Grants payable		$0	$35,000
Deferred revenue		$0	$0
Tax-exempt bond liabilities	$0	$0	$0
Escrow or custodial account liability		$0	$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons		$0	$0
Secured mortgages and notes payable to unrelated third parties	$0	$0	$0
Unsecured notes and loans payable to unrelated third parties	$0	$0	$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)		$3,908	$6,375
Total net assets or fund balances	$2,506,239	$2,357,090	$2,355,937
Unrestricted net assets		$931,834	$876,335
Temporarily restricted net assets		$1,425,256	$1,479,602
Permanently restricted net assets		$0	$0
Capital stock or trust principal, or current funds		$0	$0
Paid-in or capital surplus, or land, building, or equipment fund		$0	$0
Retained earnings, endowment, accumulated income, or other funds	$0	$0	$0

Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:	An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported	0
Sum of amounts of support	$0

	2009 - 2013 Total
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
Public Support	$1,713,107
Subtotal Support	$1,713,107
Gifts, grants, contributions, and membership fees received	$1,713,107
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf	$0
The value of services or facilities furnished by a governmental unit to the organization without charge	$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support	$0
Total Support	$1,803,969
Public Support	$1,713,107
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources	$90,862
Net income from unrelated business activities, whether or not the business is regularly carried on	$0
Other income. Do not include gain or loss from the sale of capital assets	$0
Gross receipts from related activities, etc.	$57,193

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Id	Name	Address	State	Established	Total Income
Organizations performing similar types of work
1	Poplar Bluff Industries Inc	1111 W Pine St, Poplar Bluff, MO 63901-4841	MO	1965-07	$2,169,753
2	Uptown Columbus Inc	PO BOX 1237, Columbus, GA 31902-1237	GA	1985-04	$12,826,789
3	South Bronx Overall Economic Development Corporation	555 Bergen Ave, Bronx, NY 10455-1368	NY	1973-08	$8,444,805
4	West Central Indiana Economic Development District Inc	1718 Wabash Ave, Terre Haute, IN 47807-3323	IN	1969-08	$5,403,201
5	South Georgia Regional Development Center	PO BOX 1223, Valdosta, GA 31603-1223	GA	1979-09	$4,665,054
6	Cape Girardeau Missouri Public Facilities Authority	401 Independence St, Cpe Girardeau, MO 63703-6224	MO	1989-10	$2,487,882
7	Hispanic Economic Development Corporation Of Greater Kansas City	2130 Jefferson St, Kansas City, MO 64108-2116	MO	1995-02	$756,225
8	Clayton Century Foundation	50 Gay Avenue, Clayton, MO 63105	MO	1998-06	$580,491
9	First Step Fund	4747 Troost Ave, Kansas City, MO 64110-1727	MO	1994-08	$489,073
10	Civic Entrepreneurs Organization	121 South Meramec No 906, St Louis, MO 63105-1725	MO	1984-08	$322,294
11	Technical Assistance Corp	1627 Washington Ave, Saint Louis, MO 63103-1830	MO	1995-03	$319,383
12	Willow Springs Community Foundation	127 E Main St, Willow Spgs, MO 65793	MO	1993-02	$309,445
13	Kirksville Regional Economic Development Inc	407 S Elson St, Kirksville, MO 63501-3448	MO	1987-11	$173,255
14	Gladstone Economic Betterment Council	P O Box 10719, Gladstone, MO 64118	MO	1990-08	$129,618
15	Downtown Jefferson City Inc	Po Box 652, Jefferson City, MO 65102-0652	MO	1988-06	$61,784
16	Historic Clarksville Incorporated	105 South Second Street, Clarksville, MO 63336	MO	1988-09	$39,333
17	Higginsville Community Betterment Corporation	C/O Timothy H Thurmon 2023 Main, Higginsville, MO 64037	MO	1995-11	$7,510
18	Historic Wayland Inc	Rr 3 Box 41, Kahoka, MO 63445-9428	MO	1998-08	$0
19	Trenton Downtown Improvement Association Inc	PO BOX 307, Trenton, MO 64683	MO	1993-06	$0
20	West End Community Center Restoration Corp, C-O Peter A Smith	10 S Broadway Ste 600, St Louis, MO 63102-1733	MO	1998-09	$0

Number of organizations performing similar types of work

Alaska	1
Alabama	4
Arkansas	6
Arizona	6
California	34
Colorado	8
Connecticut	9
District of Columbia	7
Florida	22
Georgia	12
Hawaii	1
Iowa	18
Idaho	3
Illinois	30
Indiana	20
Kansas	1
Kentucky	5
Louisiana	8
Massachusetts	17
Maryland	11
Maine	2
Michigan	17
Minnesota	11
Missouri	17
Mississippi	6

Montana	4
North Carolina	24
North Dakota	3
Nebraska	2
New Hampshire	2
New Jersey	17
New Mexico	2
Nevada	3
New York	59
Ohio	18
Oklahoma	5
Oregon	4
Pennsylvania	32
South Carolina	7
South Dakota	3
Tennessee	11
Texas	21
Utah	1
Virginia	10
Vermont	1
Washington	6
Wisconsin	14
West Virginia	3
Wyoming	2
International	1

Total

531

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