2025-06-16T13:33:58-05:00 2024-12-31 481108284 IFFT & CO PA 11030 GRANADA LN SUITE 100 OVERLAND PARK KS 66211 990 2024-01-01 481054127 HEARTLAND BUSINESS CAPITAL INC HEAR 9135991717 8900 INDIAN CREEK PARKWAY 280 OVERLAND PARK KS 66210 BRETT R LARSON EXECUTIVE DIRECTOR 9135991717 2025-06-13 1 1 MARK W EATON P00556079 9133451120 2024 2025-03-06 01:10:19Z BRETT R LARSON 8900 INDIAN CREEK PARKWAY 280 OVERLAND PARK KS 66210 789356 0 X WWW.HBCLOANS.COM X 1987 KS ORGANIZED FOR THE CHARITABLE PURPOSE OF FURTHERING THE ECONOMIC DEVELOPMENT AND SOCIAL WELFARE OF THE GREATER KANSAS CITY METROPOLITAN AREA, WITH SPECIFIC EMPHASIS UPON PROMOTING AND ASSISTING THE GROWTH AND DEVELOPMENT OF BUSINESS CONCERNS. 11 11 5 23 0 0 17866 34427 521300 609340 158250 145589 0 0 697416 789356 0 0 0 0 453170 457202 0 0 0 150987 160653 604157 617855 93259 171501 816937 892371 318262 222195 498675 670176 THE CHARITABLE PURPOSE OF THE ORGANIZATION IS TO FURTHER THE ECONOMIC DEVELOPMENT AND SOCIAL WELFARE OF THE GREATER KANSAS CITY METROPOLITAN AREA, WITH SPECIFIC EMPHASIS UPON PROMOTING AND ASSISTING THE GROWTH AND DEVELOPMENT OF BUSINESS CONCERNS. 0 0 543512 609340 THE COMPANY IS ORGANIZED EXCLUSIVELY FOR CHARITABLE PURPOSES - FOR THE PURPOSE OF FURTHERING ECONOMIC DEVELOPMENT AND SOCIAL WELFARE, SERVING THE GREATER KANSAS CITY METROPOLITAN AREA. 543512 0 1 0 0 0 0 0 1 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 5 1 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 KS MO X BRETT R LARSON 9135991717 8900 INDIAN CREEK PARKWAY SUITE 280 OVERLAND PARK KS 66210 PAUL BYERS DIRECTOR 2.00 X 0 0 0 ROBIN WELLS SECRETARY 2.00 X X 0 0 0 BRETT OSBORN PRESIDENT 2.00 X X 0 0 0 CHRIS CALVERT VICE PRESIDENT 2.00 X X 0 0 0 BOB MAYER DIRECTOR 2.00 X 0 0 0 BRETT BOGAN DIRECTOR 2.00 X 0 0 0 CHERI STREETER DIRECTOR 2.00 X 0 0 0 BRETT KIDD TREASURER 2.00 X X 0 0 0 KIM CURTIS DIRECTOR 2.00 X 0 0 0 BARBARA HAKE DIRECTOR 2.00 X 0 0 0 CASEY WILHM DIRECTOR 2.00 X 0 0 0 BRETT LARSON EXECUTIVE DIRECTOR 40.00 X 202025 0 26942 202025 0 26942 1 0 1 0 0 34427 34427 SERVICING FEES 522292 396619 396619 LOAN PACKAGING FEES 522292 212721 212721 609340 145589 145589 789356 609340 0 145589 228967 206070 22897 190318 171286 19032 5289 4760 529 7512 6761 751 25116 22604 2512 15368 15368 18166 16350 1816 16336 16336 26414 23772 2642 7578 6820 758 46751 42076 4675 11927 10734 1193 2790 2511 279 10783 9705 1078 CONTINUING EDUCATION 2647 2382 265 LOAN SERVICING COSTS 1443 1299 144 CONTRIBUTIONS 400 400 OTHER 50 46 4 617855 543512 74343 0 677152 804509 14659 11936 91324 79525 5115 11799 120011 64127 816937 892371 206139 172781 52300 10000 59823 39414 318262 222195 X 498675 670176 498675 670176 816937 892371 171501 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 87215 75416 11799 4109 4109 0 11799 OPERATING LEASE RIGHT OF USE ASSET 30132 DEPOSITS 4494 INTEREST RECEIVABLE 29501 64127 X 789356 0 789356 0 789356 617855 0 617855 0 617855 PART IV, LINE 2B: MORTGAGE FEE ESCROW LIABILITY DEPOSITS ARE HELD IN A SEPARATE CASH ACCOUNT ON BEHALF OF PARTICIPATING LENDERS, AND ARE REMITTED TO THE SMALL BUSINESS ADMINISTRATION UPON FUNDING OF THE LOAN. A CONTRACTUAL OBLIGATION TO THE PARTICIPATING LENDER TO REFUND THAT FEE EXISTS IF THE LOAN IS NEVER FUNDED, OR IF THE FEE THAT WAS ESCROWED EXCEEDS THE ACTUAL FEE PAID TO THE SMALL BUSINESS ADMINISTRATION. PART X, LINE 2: THE COMPANY IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(4). THE COMPANY RECOGNIZES THE FINANCIAL STATEMENT BENEFIT OF A TAX POSITION ONLY AFTER DETERMINING THAT THE RELEVANT TAX AUTHORITY WOULD MORE LIKELY THAN NOT SUSTAIN THE POSITION FOLLOWING AN AUDIT. FOR TAX POSITIONS MEETING THE MORE-LIKELY-THAN-NOT THRESHOLD, THE AMOUNT RECOGNIZED IN THE FINANCIAL STATEMENTS IS THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT WITH THE RELEVANT TAX AUTHORITY. THE COMPANY IS SUBJECT TO INCOME TAX REGULATIONS IN THE U.S. FEDERAL JURISDICTION AND CERTAIN STATE JURISDICTIONS. TAX REGULATIONS WITHIN EACH JURISDICTION ARE SUBJECT TO THE INTERPRETATION OF THE RELATED TAX LAWS AND REGULATIONS AND REQUIRE SIGNIFICANT JUDGMENT TO APPLY. WITH FEW EXCEPTIONS, THE COMPANY IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE APPLICABLE TAX AUTHORITIES FOR THE YEARS BEFORE 2021. IF ANY WERE TO BE INCURRED, THE COMPANY'S POLICY IS TO RECORD PENALTIES AND INTEREST ASSESSED BY INCOME TAX AUTHORITIES AS OPERATING EXPENSES. X X 0 0 0 0 0 0 0 0 0 BRETT LARSON EXECUTIVE DIRECTOR 153556 0 36578 0 11891 0 10149 0 16793 0 228967 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE DIRECTOR REVIEWED A DRAFT OF FORM 990, WHICH HE APPROVED. THE BOARD REVIEWS THE FORM 990 AT THE ANNUAL BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY REQUIRES THAT OFFICERS AND DIRECTORS ANNUALLY DISCLOSE ANY INTERESTS THAT COULD GIVE RISE TO CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 PURSUANT TO THE COMPANY'S PERSONNEL MANUAL, THE BOARD OF DIRECTORS DETERMINE THE COMPENSATION OF THE EXECUTIVE DIRECTOR. THE COMPANY PERSONNEL COMMITTEE MAKES A RECOMMENDATION TO THE BOARD OF DIRECTORS IN REGARDS TO BASE SALARY AND INCENTIVE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 A "MINUTE BOOK" WITH ALL REQUIRED INFORMATION IS AVAILABLE FOR INSPECTION BY THE PUBLIC AT THE ORGANIZATION'S OFFICE DURING NORMAL BUSINESS HOURS. FORM 990, PART XI, QUESTION 2C: THE PROCESS FOR OVERSEEING THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.