EIN 47-5323398

Prospect Business Association

IRS 501(c) type
501(c)(3)
Num. employees
3
Year formed
2018
Most recent tax filings
2022-12-01
Description
Prospect Business Association is a community development corporation in Kansas City, MO whose mission is: Promoting social welfare and economic development.
Total revenues
$198,488
2022
Total expenses
$422,690
2022
Total assets
$341,812
2022
Num. employees
3
2022

Program areas at Prospect Business Association

Provided small businesses throughout Kansas City metropolitan area technical assistance, one-on-one coaching, diseminated information pertaining to financial assistance due to COVID, provided technical assistance in completing application to obtain financial support and accounting services to businesses applying CARES act funding and provided financial and banking workshop/training during the year.

Who funds Prospect Business Association

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
JP Morgan Chase FoundationIn Support of Underserved Small Business Expansion$150,000
Local Initiatives Support CorporationSee Part Iv$126,500
Ewing Marion Kauffman FoundationSupport for the Prospect Business Association's Entrepreneurship Training Program in Kansas City Serving Low To Moderate Income Entrepreneurs. 202104-10295$100,000
...and 3 more grants received

Personnel at Prospect Business Association

NameTitleCompensation
Simone CurlsExecutive Director$109,405
Donald MaxwellBoard President / Founder / President$0
Clyde McQueenChairman / Board Chair$0
Mary ShannonSecretart / Secretary$0
Teodis WatsonTreasurer$0

Financials for Prospect Business Association

RevenuesFYE 12/2022
Total grants, contributions, etc.$198,407
Program services$0
Investment income and dividends$81
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$198,488

Form 990s for Prospect Business Association

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122023-01-13990View PDF
2020-122021-07-20990EZView PDF
2019-122020-10-14990EZView PDF
Data update history
September 21, 2024
Received grants
Identified 4 new grant, including a grant for $100,000 from Ewing Marion Kauffman Foundation
January 9, 2024
Posted financials
Added Form 990 for fiscal year 2022
October 25, 2023
Received grants
Identified 4 new grant, including a grant for $160,000 from Ewing Marion Kauffman Foundation
August 8, 2023
Posted financials
Added Form 990EZ for fiscal year 2020
June 20, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Trade associationsBusiness and community development organizationsCharities
Issues
Community improvementBusiness and industry
Characteristics
Receives government fundingTax deductible donations
General information
Address
2420 E Linwood Blvd Suite 2
Kansas City, MO 64109
Metro area
Kansas City, MO-KS
County
Jackson County, MO
Phone
(816) 666-9722
IRS details
EIN
47-5323398
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2018
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S20: Community, Neighborhood Development, Improvement
NAICS code, primary
813910: Trade Associations
Parent/child status
Independent
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