KC Social Innovation Center Inc

EIN: 811552437 501(c)(3)

Kansas City, MO

Total Revenue
$571,264
Total Expenses
$595,708
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
MO
Principal Officer
Kari Keefe
Tax Period
2021-01-01 to 2021-12-31

KC Social Innovation Center Inc, founded in 2016, is a small nonprofit that reported $571K in total revenue in fiscal year 2021. Revenue decreased 13% compared to the prior year.

Mission

KCSIC manages a portfolio of programs, projects and pilots that create a network for technology, community, investment, education and business sectors to work directly with youth, and come together to solve Kansas City's biggest problems and help transform communities.

Program Service Accomplishments

Program 1
Expenses: $344,084

Hire KC Youth was started in 2014 by former Kansas City, Missouri Mayor Sly James. Today, with the leadership of Mayor Lucas, Hire KC acts as the city's youth success platform helping to align and...

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Hire KC Youth was started in 2014 by former Kansas City, Missouri Mayor Sly James. Today, with the leadership of Mayor Lucas, Hire KC acts as the city's youth success platform helping to align and organize the region's work-based opportunities across the public, private and nonprofit sectors to support equity, and to illuminate career pathways so that all youth can learn and grow into promising futures. Mayor Lucas committed to moving forward with Hire KC in spite of the challenges posed by COVID-19, and the City?s youth internship program transitioned to virtual experiences, and subsequently KCSIC launched the Youth Opportunity Relief Program YORP, a campaign designed to help youth regain some of the financial and experiential losses around summer jobs that simply are not available in the current labor market as a result of COVID-19. At a time when students and youth across the city remain unclear and uncertain about returning to school, and as many families struggle to make ends meet with under-employment and joblessness, Hire KC is addressing the youth population directly with safe, innovative ways to support youth engagement and employment this summer, and into the fall, with experiential opportunities that have financial benefits.

Program 2
Expenses: $61,848

RethinkEd

Program 3
Expenses: $24,018

Consulting - KCSIC provides consulting and expertise to clients as a think and do tank helping create a sandbox for technology, community, education and business to collaborate to explore and...

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Consulting - KCSIC provides consulting and expertise to clients as a think and do tank helping create a sandbox for technology, community, education and business to collaborate to explore and catalyze solutions to bring value to digitally empowered communities. In 2018, KCSIC helped assess Metropolitan Community College's internal capacity for innovation to help map a route for innovation practices around a core set of engagement and experiences designed for staff and faculty, with the goal of accelerating the modernization of the institution's people, spaces and places to better meet student and community needs. Notably, KCSIC 1 introduced Design Thinking to the Chancellor's Innovation Council, 2 led an institutional kickoff with a Summer Innovation Summit event that resulted in 36 idea submissions, three of which advanced to a demo day style pitch at the annual In-Service event where one project received an investment of $10,000 and two other projects were awarded internal capacity and resources to launch their concept throughout the District and 4 helped MCC create a process and protocol to support and advance ideas, scaffolding an Innovation in a box Playbook, coordinating Design Thinking workshops for innovation-curious staff/faculty, and providing capacity and training for innovation leaders and project teams, and innovation coaching to help projects and ideas advance.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $79,527
Program Service Revenue $491,737
Investment Income $0
Other Revenue $0
TOTAL REVENUE $571,264

Expense Breakdown

Grants Paid $104,516
Salaries & Benefits $310,013
Fundraising Expenses $5,741
Program Expenses $438,121
Other Expenses $181,179
TOTAL EXPENSES $595,708

Year-over-Year Comparison

2021 2020 Change
Revenue $571,264 $658,799 -0.1%
Expenses $595,708 $687,817 -0.1%
Net Income $-24,444 $-29,018 -0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
7
Employees
32
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kari Keefe Executive Director 40.00
$85,715 $0 $85,715
Jason Cuba Director 1.00
Director
$0 $0 $0
Aaron Deacon Chairman 2.00
Officer Director
$0 $0 $0
Anurag Patel Vice President 1.00
Officer Director
$0 $0 $0
Anna Woodworth Secretary 1.00
Officer Director
$0 $0 $0
Dr Angie Besendorfer Treasurer 1.00
Officer Director
$0 $0 $0
Scott Barton Director 1.00
Director
$0 $0 $0
Bryan Bowman Director 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2021 $571,264 $595,708 No data $-24,444
2020 $658,799 $687,817 $140,760 $-29,018
2019 $469,560 $611,483 $94,579 $-141,923
2018 $556,292 $424,475 $205,496 $131,817
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