Nonprofit · EIN 43-1848034
INDEPENDENCE AVENUE DEVELOPMENT
Tax-exempt · KANSAS CITY, MO 64106
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $0 | $0 | $0 | $1,493,325 | $1,531,465 | -$38,140 |
| June 30, 2024 | 990 | $0 | $0 | $0 | $1,493,325 | $1,531,465 | -$38,140 |
| June 30, 2023 | 990 | $0 | $0 | $0 | $1,493,325 | $1,531,465 | -$38,140 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
Balance sheet and other
- Total assets, start of year
- $1,493,325
- Total assets, end of year
- $1,493,325
- Total liabilities, end of year
- $1,531,465
- Net assets, end of year
- -$38,140
- Land, buildings and equipment
- $1,493,325
- Net assets without donor restrictions
- -$38,140
- Gross receipts
- $0
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1998
- State of legal domicile
- MO
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MARC HAHN | PRESIDENT AND CEO Trustee or director, Officer | 1 | $0 | $1,256,936 | $68,190 |
| JOE MASSMAN | EVP/CFO/COO Trustee or director, Officer | 1 | $0 | $748,622 | $81,794 |
990 for the year ended June 30, 2024: 2 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MARC HAHN | DIRECTOR/PRESIDENT Trustee or director, Officer | 1 | $0 | $1,234,698 | $66,382 |
| JOSEPH MASSMAN | DIRECTOR/TREASURER/SECRETARY Trustee or director, Officer | 1 | $0 | $720,932 | $75,640 |
990 for the year ended June 30, 2023: 2 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MARC HAHN | DIRECTOR/PRESIDENT Trustee or director, Officer | 1 | $0 | $1,055,780 | $60,700 |
| JOSEPH MASSMAN | DIRECTOR/TREASURER/SECRETARY Trustee or director, Officer | 1 | $0 | $694,814 | $68,476 |
Address and contacts
- Address (IRS master file)
- 1750 INDEPENDENCE AVE, KANSAS CITY, MO 64106-1453
- In care of
- % KCU
- Principal officer (990 for 2024)
- JOSEPH MASSMAN, 1750 INDEPENDENCE AVENUE, KANSAS CITY, MO 64106
- Signed the 990
- JOSEPH MASSMAN, DIRECTOR/TREASURER/SECRETARY
- Phone
- (816) 654-7000
- Return prepared by
- Forvis Mazars LLP
Mission
THE COMPANY IS A SUPPORTING ORGANIZATION TO KANSAS CITY UNIVERSITY. THE COMPANY'S PRINCIPAL PURPOSE IS TO ACQUIRE AND HOLD REAL PROPERTY FOR THE BENEFIT OF THE UNIVERSITY.
Program accomplishments
- TO ACQUIRE AND HOLD REAL PROPERTY IN THE SURROUNDING AREA OF KANSAS CITY UNIVERSITY.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | Check at the IRS |
| 2023 | May 31, 2024 | October 15, 2024 | Check at the IRS |
IRS record
- EIN
- 43-1848034
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2000
- Accounting year ends
- May
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Education (B194)
- Assets (IRS master file)
- $1,493,325
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $0 | $0 | $1,493,325 | XML |
| 990 | June 2024 | $0 | $0 | $1,493,325 | XML |
| 990 | June 2023 | $0 | $0 | $1,493,325 | XML |
| 990 | June 2022 | $0 | $0 | $1,493,325 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 43-1848034).
Questions about INDEPENDENCE AVENUE DEVELOPMENT
- What is the EIN of INDEPENDENCE AVENUE DEVELOPMENT?
- The employer identification number (EIN) of INDEPENDENCE AVENUE DEVELOPMENT is 43-1848034.
- Is INDEPENDENCE AVENUE DEVELOPMENT tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to INDEPENDENCE AVENUE DEVELOPMENT tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does INDEPENDENCE AVENUE DEVELOPMENT file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of INDEPENDENCE AVENUE DEVELOPMENT due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INDEPENDENCE AVENUE DEVELOPMENT last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of INDEPENDENCE AVENUE DEVELOPMENT?
- The 990 for the year ended June 30, 2025 names JOSEPH MASSMAN.
- Who are the officers and directors of INDEPENDENCE AVENUE DEVELOPMENT?
- The 990 for the year ended June 30, 2025 lists 2 people; 0 received compensation from the organization.
- How much revenue does INDEPENDENCE AVENUE DEVELOPMENT have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $0, expenses of $0 and total assets of $1,493,325 at year end.
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