Kansas City Area Development Council
Nonprofit profile at a glance
- EIN
- 431852671
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024
- Location
- Kansas City, MO, USA
- Phone
- 8162212121
- Rating confidence
- Limited
- Sector
- Chambers of Commerce & Business Leagues
Reported finances
- Revenue
- $6,369,926
- Expenses
- $6,332,734
- Assets
- $3,589,586
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
81 people listed
Executive titles in this filing
- TIM COWDEN (PRESIDENT & CEO)
- KIMBERLY YOUNG (PRESIDENT, KC ANIMAL HEALTH CORRIDOR)
Highest reported compensation
- TIM COWDEN (PRESIDENT & CEO): $560,540 total reported compensation
- JONATHAN KNECHT (SENIOR VP, MARKETING & CREATIVE): $393,440 total reported compensation
- JILL MCCARTHY (SENIOR VP, CORPORATE ATTRACTION): $368,712 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Kansas city area development council is a private, non-profit organization charged with representing the economic interests of the entire two-state, 18-county region of greater Kansas city.(continued on schedule o)our mission is to:* brand the region as one product to stimulate economic growth.* enhance awareness of our metro's assets to create positive perceptions.* promote the region as the business location of choice.* position the region competitively against other major metros for the retention, expansion and attraction of jobs and investments.* equally support all regional communities.* assist companies from outside the region to find the best kc location for their needs. * facilitate final negotiations between the company and its selected community.
What it reported doing in 2024
Kcadc promotes Kansas city as a great place to work and live while building relationships with real estate developers and site consultants to enhance growth in the region. This is accomplished by raising the region's profile among top business decision makers, upgrading Kansas city's national image, and presenting the region as a top u.s. City to attract companies, jobs, and new residents.
Operating model
- Revenue model
- Membership-supported. 72% of the money available for current operations came from membership dues.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 75
- Accountability: 99
- Sustainability: 34
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 75%; rating input score 75; 0th percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 91.6%; rating input score 92; 27th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 98.6%; rating input score 99; 27th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 0.6%; rating input score 36; 36th percentile among comparable filings
- Total-asset coverage ratio: 0.57; rating input score 20; 20th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 97; 97th percentile among comparable filings
- Officer compensation ratio: 41.2%; rating input score 2; 2nd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 2.3% per year; rating input score 100; 22nd percentile among comparable filings
- Asset growth: -4.8% per year; rating input score 0; 4th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 71 of 72 board members independent · 9 of 9 filing controls reported
- Programs: 2 filed program accomplishments
- Leadership: top reported pay $561K · 81 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 4 contractors listed · $603K reported
- Consistency: 9 of 11 current checks pass · 2 findings to review
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Filing history: 11 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 12 filed money-flow records
- Related organizations: 3 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 36/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- High — Sustainability: Total-asset coverage ratio scored 20/100.
- High — Sustainability: Officer compensation ratio scored 2/100.