Nonprofit · EIN 84-4576270
PROSPECT KC
Tax-exempt (reinstated) · KANSAS CITY, MO 64111
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $850,741 | $843,551 | $7,190 | $45,795 | $48,181 | -$2,386 |
| December 31, 2023 | 990 | $575,806 | $624,595 | -$48,789 | $131,883 | $141,459 | -$9,576 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $686,564
- of which government grants
- $49,677
- Program service revenue
- $0
- Investment income
- $0
- Net income from fundraising events
- -$2,376
- Net income from sales of inventory
- $166,553
- Other revenue
- $164,177
Expenses
- Grants and similar amounts paid
- $841
- Compensation of officers, directors and key employees
- $89,866
- Other salaries and wages
- $311,415
- Salaries, compensation and benefits (total)
- $522,603
- Professional fundraising fees
- $14,025
- Legal fees
- $3,500
- Accounting fees
- $1,200
- Occupancy
- $49,900
- Travel
- $32,113
- Depreciation
- $16,954
- Program services (functional)
- $627,434
- Management and general (functional)
- $153,891
- Fundraising (functional)
- $62,226
Balance sheet and other
- Total assets, start of year
- $131,883
- Total assets, end of year
- $45,795
- Total liabilities, end of year
- $48,181
- Net assets, end of year
- -$2,386
- Land, buildings and equipment
- $36,566
- Gross receipts
- $1,016,666
- Employees
- 30
- Volunteers
- 468
- Year formed
- 2020
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SHANITA MCAFEE | EXECUTIVE DIRECTOR Officer | 80 | $84,500 | $5,366 |
| CAROL TAYLOR | BOARD CHAIR Trustee or director, Officer | 10 | $0 | $0 |
| ANDREA NEWTON | GOVERNANCE CHAIR Trustee or director, Officer | 10 | $0 | $0 |
| THERESA DAVIS-SENDER | SECRETARY Trustee or director, Officer | 10 | $0 | $0 |
| MARAGRET OKUREN | TREASURER Trustee or director, Officer | 10 | $0 | $0 |
| DENNIS POWELL | MEMBER Trustee or director | 2 | $0 | $0 |
| IMAN LOTT-POWELL | MEMBER Trustee or director | 2 | $0 | $0 |
| VELISA JONES | MEMBER Trustee or director | 2 | $0 | $0 |
| SHEILA JOHNSON | MEMBER Trustee or director | 2 | $0 | $0 |
| SHAY MOORE | MEMBER Trustee or director | 2 | $0 | $0 |
| TAWANA WHITMORE | MEMBER Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SHANITA MCAFEE BRYANT | EXECUTIVE DIRECTOR Officer | 80 | $19,222 | $585 |
| CAROL TAYLOR | BOARD CHAIR Trustee or director, Officer | 10 | $0 | $0 |
| ANDREA NEWTON | GOVERNANCE CHAIR Trustee or director, Officer | 10 | $0 | $0 |
| THERESA DAVIS-SENDER | SECRETARY Trustee or director, Officer | 10 | $0 | $0 |
| MARAGRET OKUREN | TREASURER Trustee or director, Officer | 10 | $0 | $0 |
| DENNIS POWELL | MEMBER Trustee or director | 2 | $0 | $0 |
| IMAN LOTT-POWELL | MEMBER Trustee or director | 2 | $0 | $0 |
| VELISA JONES | MEMBER Trustee or director | 2 | $0 | $0 |
| SHEILA JOHNSON | MEMBER Trustee or director | 2 | $0 | $0 |
| SHAY MOORE | MEMBER Trustee or director | 2 | $0 | $0 |
| TAWANA WHITMORE | MEMBER Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 11 E 40TH ST, KANSAS CITY, MO 64111-4909
- Principal officer (990 for 2024)
- SHANITA MCAFEE, 11 EAST 40TH ST, KANSAS CITY, MO 64111
- Signed the 990
- SHANITA MCAFEE, EXECUTIVE DIRECTOR
- Phone
- (816) 721-9704
- Website
- THEPROSPECTKC.ORG
- Return prepared by
- KELLER & OWENS LLC
Mission
TO EMPOWER COMMUNITIES THROUGH FOOD-BASED SOLUTIONS AND CULINARY WORKFORCE DEVELOPMENT.
Program accomplishments
- 16-WEEK TRAINING PROGRAMExpenses $357,637 · revenue $329,702
- COMMUNITY CULINARY AND EDUCATION WORKSHOPS.Expenses $194,505
- COMMUNITY MEALS AND OUTREACH WITH AN EMPHASIS ON FOOD RECOVERY AND REDIRECTION.Expenses $75,292 · grants $841
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 84-4576270
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Employment (J22)
- Assets (IRS master file)
- $45,795
- Income (IRS master file)
- $1,016,666
Revocation and reinstatement
- Exemption revoked
- May 15, 2023
- Posted by the IRS
- August 14, 2023
- Reinstated
- Effective May 15, 2023
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $850,741 | $843,551 | $45,795 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $575,806 | $624,595 | $131,883 | XML |
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 84-4576270).
Questions about PROSPECT KC
- What is the EIN of PROSPECT KC?
- The employer identification number (EIN) of PROSPECT KC is 84-4576270.
- Is PROSPECT KC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2023 and reinstated it effective May 15, 2023.
- Are donations to PROSPECT KC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PROSPECT KC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PROSPECT KC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PROSPECT KC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PROSPECT KC?
- The 990 for the year ended December 31, 2024 names SHANITA MCAFEE.
- Who are the officers and directors of PROSPECT KC?
- The 990 for the year ended December 31, 2024 lists 11 people; 1 received compensation from the organization, the highest $84,500 (SHANITA MCAFEE, EXECUTIVE DIRECTOR).
- How much revenue does PROSPECT KC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $850,741, expenses of $843,551 and total assets of $45,795 at year end.
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