Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for instructions and the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
|
Total |
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Calendar year (or fiscal year beginning in) ![]() |
(a) 2015 | (b) 2016 | (c) 2017 | (d) 2018 | (e) 2019 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | 1,128,299 | 1,487,297 | 1,180,321 | 875,105 | 1,840,153 | 6,511,175 |
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.... | ||||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 4 | Total. Add lines 1 through 3 | 1,128,299 | 1,487,297 | 1,180,321 | 875,105 | 1,840,153 | 6,511,175 |
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f).. | 3,335,325 | |||||
| 6 | Public support. Subtract line 5 from line 4. | 3,175,850 | |||||
Calendar year
(or fiscal year beginning in) ![]() |
(a) 2015 | (b) 2016 | (c) 2017 | (d) 2018 | (e) 2019 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | 1,128,299 | 1,487,297 | 1,180,321 | 875,105 | 1,840,153 | 6,511,175 |
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | 53,187 | 57,726 | 79,076 | 105,383 | 76,607 | 371,979 |
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | 3,365 | 2,235 | 5,600 | |||
| 11 | Total support. Add lines 7 through 10 | 6,888,754 | |||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2015 | (b) 2016 | (c) 2017 | (d) 2018 | (e) 2019 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | ||||||
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | ||||||
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | ||||||
| 6 | Total. Add lines 1 through 5 | ||||||
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | ||||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | ||||||
| c | Add lines 7a and 7b.. | ||||||
| 8 | Public support. (Subtract line 7c from line 6.) | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2015 | (b) 2016 | (c) 2017 | (d) 2018 | (e) 2019 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | ||||||
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | ||||||
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | ||||||
| 11 | Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | ||||||
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
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| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 1-1/2% of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by .035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | ||
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
||
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | ||
| 4 Amounts paid to acquire exempt-use assets | ||
| 5 Qualified set-aside amounts (prior IRS approval required) | ||
| 6 Other distributions (describe in Part VI). See instructions | ||
| 7Total annual distributions. Add lines 1 through 6. | ||
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
||
| 9 Distributable amount for 2019 from Section C, line 6 | ||
| 10 Line 8 amount divided by Line 9 amount | ||
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2019 |
(iii) Distributable Amount for 2019 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2019 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2019 (reasonable cause required-- explain in Part VI). See instructions. |
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| 3 Excess distributions carryover, if any, to 2019: | ||||
| a From 2014....... | ||||
| b From 2015....... | ||||
| c From 2016....... | ||||
| d From 2017....... | ||||
| e From 2018....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2019 distributable amount | ||||
|
i
Carryover from 2014 not applied (see instructions) |
||||
| j Remainder. Subtract lines 3g, 3h, and 3i from 3f. | ||||
| 4Distributions for 2019 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2019 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from 4. | ||||
|
5
Remaining underdistributions for years prior to 2019, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
6
Remaining underdistributions for 2019. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
7 Excess distributions carryover to 2020. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2015..... | ||||
| b Excess from 2016..... | ||||
| c Excess from 2017..... | ||||
| d Excess from 2018..... | ||||
| e Excess from 2019..... | ||||
| Facts And Circumstances Test |
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| Return Reference | Explanation |
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| Software ID: | |
| Software Version: |
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART I, LINE 1 | PREP-KC FOCUSES ON PROVIDING STUDENTS FROM KANSAS CITY'S BI-STATE URBAN SCHOOL DISTRICTS WITH OPPORTUNITIES TO SUCCEED IN COLLEGE AND THEIR CAREERS. WORKING WITH THESE URBAN DISTRICTS, PREP-KC SUPPORTS AT-SCALE IMPROVEMENTS IN UNDERSERVED STUDENTS' OUTCOMES, MOST OF WHOM ARE FIRST-GENERATION COLLEGE-GOERS. PREP-KC INVESTS IN RESEARCH-BASED STRATEGIES THAT WILL PREPARE STUDENTS FOR CAREERS IN HIGH-DEMAND, WELL PAYING JOBS IN THE KANSAS CITY REGION. PREP-KC PARTNERS WITH SIX SCHOOL DISTRICTS AND FOUR CHARTER SCHOOLS ON BOTH SIDES OF THE STATE LINE. TOGETHER, THESE DISTRICTS SERVE OVER 70,000 STUDENTS AND PRODUCE OVER 2,900 ANNUAL HIGH SCHOOL GRADUATES; 81% OF THESE STUDENTS IDENTIFY AS STUDENTS OF COLOR, AS 88% LOW-INCOME. BY PROVIDING STUDENTS FROM THESE URBAN SCHOOLS WITH OPPORTUNITIES TO PREPARE FOR POSTSECONDARY EDUCATION AND MEANINGFUL CAREERS, PREP-KC'S WORK OFFERS A PATH TO ECONOMIC OPPORTUNITY. IT ALSO EXPANDS AND DIVERSIFIES THE REGION'S HOMEGROWN TALENT PIPELINE. |
| FORM 990, PART III, LINE 4A | SINCE ITS FOUNDING IN 2006, PREP-KC HAS BEEN DEVELOPING AND PILOTING AT-SCALE STRATEGIES TO IMPROVE STUDENT OUTCOMES IN THE BI-STATE REGION'S URBAN SCHOOL DISTRICTS. AS PREP-KC MEASURED PROGRESS SUCH AS HIGH SCHOOL GRADUATION RATES, IT BECAME CLEAR THAT A HIGH SCHOOL DIPLOMA IS NOT ENOUGH TO PROVIDE STUDENTS FROM LOW-INCOME BACKGROUNDS THE PREPARATION, EXPERIENCE, AND RELATIONSHIPS THEY NEED TO SUCCEED AFTER HIGH SCHOOL, AND TO GAIN ACCESS TO HIGH-GROWTH, HIGH-DEMAND CAREERS IN OUR REGION'S ECONOMY. TO ACHIEVE THESE GOALS, EVERY STUDENT NEEDS ACCESS TO INFORMATION, RESOURCES, AND OPPORTUNITIES TO PREPARE FOR COLLEGE AND CAREER SUCCESS. THESE SUPPORTS ARE ESPECIALLY CRITICAL--BUT TOO OFTEN UNAVAILABLE-- TO YOUNG PEOPLE GROWING UP IN THE HISTORICALLY UNDERSERVED NEIGHBORHOODS SERVED BY PREP-KC'S PARTNER SCHOOLS. THIS OPPORTUNITY GAP FOR STUDENTS IN UNDERSERVED COMMUNITIES LIMITS THESE YOUNG PEOPLE'S OPTIONS AFTER HIGH SCHOOL IN AN ERA WHERE A HIGH SCHOOL DIPLOMA PROVIDES NO GUARANTEE OF MEANINGFUL EMPLOYMENT OR ECONOMIC SECURITY. IN 2011, PREP-KC CREATED AND PILOTED STRATEGIES TO HELP COHORTS OF STUDENTS IN URBAN HIGH SCHOOLS GO BEYOND THE STANDARD REQUIREMENTS FOR A DIPLOMA AND DEVELOP CONCRETE EVIDENCE OF THEIR COLLEGE AND CAREER READINESS. AS WE TRACKED IMPACT DATA AND LEARNED FIRST-HAND FROM OUR STUDENTS' SUCCESS, PREP-KC INITIATED THE PHRASE "MARKET VALUE ASSETS" (MVA) TO DESCRIBE THE RIGOROUS EXPERIENCES THAT ALIGN STUDENTS' HIGH SCHOOL EDUCATION WITH POSTSECONDARY INSTITUTIONS' EXPECTATIONS AND THE 21ST-CENTURY WORKFORCE NEEDS. THESE ASSETS HAVE TANGIBLE, EVIDENCE-BASED VALUE TO STUDENTS' PROSPECTS FOR POSTSECONDARY ACCESS AND ATTAINMENT AND SUCCESS IN ENTERING HIGH-GROWTH, HIGH-DEMAND CAREER PATHWAYS. PREP-KC ALSO FOUND THAT ATTAINING AN MVA INCREASED HIGH SCHOOL GRADUATION RATES, DOUBLED POSTSECONDARY ENROLLMENT, AND INCREASED POSTSECONDARY PERSISTENCE FOR STUDENTS. MVAS ARE THOSE ASSETS THAT HAVE TANGIBLE, EVIDENCE-BASED VALUE TO STUDENTS' PROSPECTS FOR POSTSECONDARY ACCESS AND ATTAINMENT, AND SUCCESS IN ENTERING HIGH-GROWTH, HIGH-DEMAND CAREER PATHWAYS. PREP-KC NOW INVESTS IN AND MEASURES THE FOLLOWING FOUR MVAS: 1) AT LEAST NINE COLLEGE CREDITS EARNED DURING HIGH SCHOOL; 2) AN INDUSTRY RECOGNIZED CREDENTIAL EARNED DURING HIGH SCHOOL; 3) COMPLETION OF A RIGOROUS INTERNSHIP OR CLIENT PROJECT DURING HIGH SCHOOL; OR 4) RECEIVING A KC SCHOLARS OR HONEYWELL HOPE SCHOLARSHIP (THESE HIGH-VALUE SCHOLARSHIPS PROVIDE INTENSIVE SUPPORTS FOR STUDENTS DURING THE POSTSECONDARY APPLICATION, ADMISSIONS, AND TRANSITION PROCESSES.) CURRENTLY, APPROXIMATELY 34% (943 OUT OF 2800) OF PREP-KC PARTNER HIGH SCHOOL GRADUATES EARN A MARKET VALUE ASSET. PREP-KC IS PRESENTLY ENGAGING IN AN INTENSIVE, ORGANIZATION-WIDE EFFORT TO INCREASE GRADUATES' PERCENTAGE OF EARNING A MARKET VALUE ASSET TO 85% (2400 OUT OF APPROXIMATELY 2800) BY 2025. THIS STRATEGIC INITIATIVE WILL HELP OVER 10,000 STUDENTS FROM URBAN SCHOOLS EARN THESE HIGH-VALUE ASSETS BY 2025. AS THE REGION'S FIRST ORGANIZATION TO FOCUS OUR WORK ON HELPING STUDENTS ATTAIN MVAS, PREP-KC IS EXCITED THAT KC RISING AND THE EWING MARION KAUFFMAN FOUNDATION'S REAL WORLD LEARNING INITIATIVE HAVE ADOPTED THE CONCEPT OF MARKET VALUE ASSETS ACROSS THE BI-STATE REGION. OVER THE NEXT SEVERAL YEARS, PREP-KC IS POSITIONED TO PLAY A SIGNIFICANT ROLE AS A SOURCE OF TECHNICAL ASSISTANCE AND STRATEGIC CONSULTATION IN THESE REGIONAL EFFORTS. DURING THE PANDEMIC, PREP-KC HAS ALSO HELPED TEACHERS AND SCHOOLS FIND WAYS TO CONTINUE OFFERING STUDENTS THE OPPORTUNITY TO EARN MARKET VALUE ASSETS IN A REMOTE SETTING. DESPITE THE CHALLENGES PRESENTED BY SCHOOL CLOSURES, PREP-KC'S PARTNER DISTRICTS WERE ABLE TO INCREASE THE NUMBER OF GRADUATES FROM THE CLASS OF 2019 EARNING MARKET VALUE ASSETS (703) AND THE CLASS OF 2020 (943). DUAL ENROLLMENT COLLEGE COURSES, CLIENT PROJECTS, AND SOME INTERNSHIPS HAVE TRANSLATED WELL TO THE VIRTUAL ENVIRONMENT. HOWEVER, MOST INDUSTRY-RECOGNIZED CREDENTIALS REQUIRE SPECIALIZED EQUIPMENT OR WORKPLACE-BASED PRACTICAL TRAINING. THEREFORE, CERTIFICATION PROVIDERS TEMPORARILY SCALED BACK THESE PROGRAMS SINCE THE START OF THE PANDEMIC. PREP-KC HELPED SCHOOLS INTEGRATE MARKET VALUE ASSETS INTO THE REMOTE ENVIRONMENT FOR THE 2020-2021 SCHOOL YEAR. THIS WORK INCLUDES EARLY EFFORTS TO CREATE UNIVERSAL ACCESS TO MARKET VALUE ASSETS FOR ALL SENIORS AT SEVERAL OF OUR PARTNER SCHOOLS. CLIENT PROJECTS GREW SUBSTANTIALLY THIS YEAR, OFFERING MANY STUDENTS THE OPPORTUNITY TO COMPLETE AUTHENTIC PROBLEMS ON BEHALF OF INDUSTRY PARTNERS. ADDITIONALLY, SOME SCHOOLS HAVE BUILT SCALED-BACK INTERNSHIPS AND CLIENT PROJECTS INTO MIDDLE SCHOOL STUDENTS' COURSES TO PREPARE THEM FOR MORE RIGOROUS MVA OPPORTUNITIES NEXT YEAR. THE CONNECTOR PLATFORM HAS BECOME A CRITICAL COMPONENT OF PREP-KC'S EFFORTS TO INTEGRATE INDUSTRY PROFESSIONALS INTO THE CLASSROOM, BOTH DURING THE PANDEMIC AND AFTER SCHOOLS REOPEN. SINCE THE COVID-19 PANDEMIC SHUTTERED SCHOOL BUILDINGS IN EARLY MARCH, PREP-KC HAS DEDICATED OUR TIME AND ENERGY TO HELPING OUR SCHOOL PARTNERS TRANSITION TO VIRTUAL LEARNING ENVIRONMENTS AND PROVIDE CONTINUITY FOR STUDENTS AND TEACHERS. THROUGH APRIL 1, 2021, 831 TEACHERS HAVE PARTICIPATED IN 624 CONNECTOR SESSIONS, LOGGING AN ESTIMATED 15,600 STUDENT VIEWS DURING THE 2020-2021 SCHOOL YEAR. CONNECTOR USAGE SHOWS SUBSTANTIAL GROWTH IN THE PAST YEAR COMPARED TO 215 TEACHERS PARTICIPATING IN 375 CONNECTOR SESSIONS THAT RECORDED AN ESTIMATED 9,375 STUDENT VIEWS DURING THE 2019-2020 SCHOOL YEAR. AS PART OF OUR ONGOING EFFORTS TO ENSURE THAT EVERY STUDENT HAS A STRONG ACADEMIC FOUNDATION, PREP-KC WILL CONTINUE TO STRENGTHEN OUR K-3 LITERACY BENCHMARKING WORK ACROSS AN ESTIMATED 235 CLASSROOMS THAT WILL SERVE AT LEAST 4,000 STUDENTS NEXT YEAR. K-3 LITERACY BENCHMARKING HAS ALREADY DELIVERED PROMISING EARLY RESULTS DURING THE FIRST PHASE OF THE INITIATIVE. OVER THE PAST FOUR YEARS, PREP-KC PARTNER SCHOOLS IMPLEMENTING PREP-KC'S K-3 LITERACY BENCHMARKING INITIATIVE CUT THE PROFICIENCY GAP IN 3RD-GRADE READING SCORES IN HALF. PREP-KC HAS SPENT 15 YEARS BUILDING A ROBUST AND DIVERSE NETWORK OF BUSINESS AND INDUSTRYPROFESSIONALS COMMITTED TO VOLUNTEERING THEIR TIME, ENERGY, AND EXPERTISE TO HELP STUDENTS ATTENDING PREP-KC'S PARTNER SCHOOLS PREPARE FOR COLLEGE AND CAREER SUCCESS. DURING THE 2019-2020 SCHOOL YEAR, PREP-KC ENGAGED 792 INDUSTRY VOLUNTEERS FROM 223 BUSINESS AND POSTSECONDARY INSTITUTIONS WHO REACHED 8,429 STUDENTS THROUGH VIRTUAL (DUE TO COVID-19) CER EXPLORATION AND PREPARATION ACTIVITIES. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE ORGANIZATION'S OFFICERS WILL REVIEW THE FORM 990 PRIOR TO FILING THE RETURNS WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | ALL BOARD MEMBERS AND DIRECTORS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY. IF INTERESTS ARISE DURING THE YEAR THEY MUST NOTIFY THE CORPORATION'S BOARD OF DIRECTORS OR EXECUTIVE COMMITTEE AS SOON AS SUCH KNOWLEDGE OF ANY POTENTIAL CONFLICTS ARISE. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE COMPENSATION OF THE CEO OF THE ORGANIZATION WAS DETERMINED AND APPROVED BY THE BOARD. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC FOR REVIEW AT THEIR OFFICES FROM 8 A.M. - 5 P.M., MONDAY THROUGH FRIDAY. |
| Software ID: | |
| Software Version: |