PROSPECT BUSINESS ASSOCIATION

KANSAS CITY, MO | Jackson County
Economic Development
PROSPECT BUSINESS ASSOCIATION
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As of , this nonprofit no longer meets findCRA's qualification requirements and will no longer appear in CQ search results.

Reason for disqualification:

Overview

PROSPECT BUSINESS ASSOCIATION
47-5323398
2420 E LINWOOD BLVD STE 109
KANSAS CITY, MO 64109
Jackson County
(816) 666-9722

aa.pbakcmo@gmail.com
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Mission Statement info

TO BUILD A VIBRANT, AND HEALTHY COMMUNITY THROUGH BUSINESS AND ECONOMIC DEVELOPMENT.

CRA Category info
  • Economic Development
Nonprofit location info
  • LMI Census Tract
  • Majority Minority Census Tract
  • Opportunity Zone
Awards & Certifications info
  • This nonprofit has not received any CRA awards or certifications.
Founded info
2015
Total Employees info
6
Total Volunteers info
0
Nonprofit Classification (NTEE Code) info
W99

W - Public, Society Benefit

Public & Societal Benefit N.E.C.

Use this code for organizations that clearly provide services relating to public affairs or society benefit where the major purpose is unclear enough that a more specific code cannot be accurately assigned.

IRS Activity Codes info
-
Not reported
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
813410
Civic and Social Organizations
Targeted Clients info
  • Small Businesses
CRA Income Characteristics info
  • Low-Income
  • Moderate-Income

CRA Alignment

CRA Category info
Economic Development
Workforce development, job training, and small business or startup support.
What does it mean for a nonprofit to be CRA aligned?
Each nonprofit on Community Qualifier has been reviewed by findCRA utilizing a dual evaluation process. Nonprofits are first evaluated by our proprietary algorithm, CRANIA, and then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
Programs & Services info

Not reported by nonprofit


This nonprofit has claimed its profile but has not yet provided this information.
Awards & Certifications info
Community Development Financial Institution info
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$198.5K
Revenue
$198.5K
Assets
$341.8K

IRS Business Master File Details info

As of August 2024
Exempt Ruling Date info
2018-10
Deductibility Status info
Deductible
Last Tax Filing info
2022
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
Basis for Foundation/Public Charity Status info
Organization normally receives no more than one-third of support from gross investment and unrelated business income and at same time more than one-third of its support from contributions, fees and gross receipts related to exempt purposes 509(a)(2)

IRS Publication 78 Details info

As of August 2024
Verified in Publication 78 info
No
Deductibility Limitation info
Not reported
Organization Description info
Not reported

IRS Form 990 Returns info

Through August 2023
Tax period ending in
2021-12
E-File
990
XML
990
Tax period ending in
2020-12
E-File
990-EZ
XML
990-EZ
Tax period ending in
2019-12
PDF
990-EZ
E-File
990-EZ
XML
990-EZ

Nonprofit Location

Physical Address info
2420 E LINWOOD BLVD STE 109
KANSAS CITY, MO 64109
Jackson County
Area Type info
Metropolitan Statistical Area
FIPS Geocoded Address info
28140
MSA/MD info
29
State info
095
County info
0054.00
Tract info
Low
Income Level info
Core-Based Statistical Area info
28140 - Kansas City, MO-KS
Combined Statistical Area info
312 - Kansas City-Overland Park-Kansas City, MO-KS
Metropolitan Division info
Not located in an MD.
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 91.28%
FFIEC Distressed Census Tract info
FFIEC Underserved Census Tract info
Geographies Served info
  • KS - Johnson County
  • KS - Leavenworth County
  • KS - Shawnee County
  • KS - Wyandotte County
  • MO - Cass County
  • MO - Clay County
  • MO - Jackson County
  • MO - Platte County

Market Data

Census Tract County
0054.00 Jackson County
Population
Total Population 826 715,526
Total Households 536 298,908
Income
Median Income* $33,438 $65,169
Median Family Income (2024 FFIEC est.) $103,000 $103,000
Tract Income Percentage 38.62% N/A
Below Poverty Level 25.8% 13.9%
Unemployment Level 12.0% 4.9%
Housing
Total Housing Units 687 330,584
Total Owner-Occupied Units 15.3% 58.5%
Total Renter-Occupied Units 62.7% 41.5%
Total Vacant Units 22.0% 5.6%
* Census Tract Median Income based on 2020 Tract Median Family Income as reported in the 2024 FFIEC Census Flat File. County Income based on Median Household Income as reported in the 2022 American Community Survey.
View more than 200 performance context data points for this county now.

Management

11
Total Voting Members
in Governing Body info
11
Independent Voting Members
in Governing Body info
Tax Filing Signatory info
Donald Maxwell
(816) 921-5800
Principal Officer info
Donald Maxwell
findCRA Profile Owner
Simone Curls
Executive Director
Prospectbakcmo@gmail.com
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Whistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed
Organization Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

Information in this section is extracted from the nonprofit's e-filed tax return and based on answers provided by the nonprofit in their 990 e-filed for the tax period ending on 2021-12.

A hyphen (“-“) in this section indicates that the information was not required by the IRS or not reported by the nonprofit in its tax return e-filing.

This Nonprofit Profile was created using data available from publicly available government and industry sources, our own research, and information provided directly the nonprofit organization. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit help.findcra.com.