| Return Reference | Explanation |
|---|---|
| FORM 990, PART III, LINE 3 | KC ACTION FUND DISSOLVED EFFECTIVE DECEMBER 3, 2024. THE FUND DISTRIBUTED ITS REMAINING ASSETS IN ACCORDANCE WITH ITS GOVERNING DOCUMENTS. SEE SCHEDULE N. |
| FORM 990, PART V, LINE 2A: | KC ACTION FUND EMPLOYEES WERE 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 WHO WORKED SOLELY FOR KC ACTION FUND. ALL REQUIRED EMPLOYMENT TAX RETURNS WERE 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 $20,000 WAS PAID IN 2024. 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 WAS REVIEWED BY THE BOARD AT THE BEGINNING OF THE YEAR. |
| FORM 990, PART VI, SECTION B, LINE 15 | 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. |
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