| Return Reference | Explanation |
|---|---|
| FORM 990, PART V, LINE 2A: | KC ACTION FUND EMPLOYEES ARE COMPENSATED BY SCHOOL SMART KC, AN UNRELATED 501(C)(3) ORGANIZATION ACTING AS A COMMON PAYMASTER. THE NUMBER OF EMPLOYEES REPORTED ON FORM 990, PART V, LINE 2A REPRESENTS THE NUMBER OF EMPLOYEES WORKING SOLELY FOR KC ACTION FUND. ALL REQUIRED EMPLOYMENT TAX RETURNS ARE FILED BY SCHOOL SMART KC. |
| FORM 990, PART VI, SECTION A, LINE 3 | THE ORGANIZATION CONTRACTED YIELD CREATIVE LLC TO PERFORM STRATEGIC ADVISOR DUTIES FROM JUNE 2023 THROUGH FEBRUARY 2024. COMPENSATION OF $70,000 WAS PAID IN 2023. AWAIS SUFI, TREASURER, IS THE FOUNDER, MANAGING PARTNER, AND OWNER OF YIELD CREATIVE LLC (SEE SCHEDULE L, PART IV). |
| FORM 990, PART VI, SECTION B, LINE 11B | FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE ORGANIZATION'S CONFLICT-OF-INTEREST POLICY IS REVIEWED BY THE BOARD ANNUALLY. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE BOARD CONDUCTS A REVIEW OF SIMILARLY SITUATED ORGANIZATIONS PRIOR TO FINALIZING THE EXECUTIVE DIRECTOR COMPENSATION. THE LAST REVIEW WAS COMPLETED IN 2021 UPON THE APPOINTMENT OF THE EXECUTIVE DIRECTOR WITH ONLY COST OF LIVING ADJUSTMENTS PROVIDED THEREAFTER. THE ORGANIZATION CONTRACTED WITH YIELD CREATIVE LLC TO PERFORM STRATEGIC ADVISOR DUTIES FROM JUNE 2023 TO FEBRUARY 2024. AWAIS SUFI, TREASURER, IS THE FOUNDER, MANAGING PARTNER, AND OWNER OF YIELD CREATIVE LLC. THIS ARRANGEMENT WAS APPROVED BY ALL INDEPENDENT BOARD MEMBERS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART IX, LINE 11G | DATA AND ANALYTICS: PROGRAM SERVICE EXPENSES 160,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 160,000. PUBLIC RELATIONS: PROGRAM SERVICE EXPENSES 67,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 67,000. SHARED SERVICES - SSKC: PROGRAM SERVICE EXPENSES 3,246. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,246. STRATEGY CONSULTING: PROGRAM SERVICE EXPENSES 70,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 70,000. |
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