Nonprofit · EIN 47-5323398
PROSPECT BUSINESS ASSOCIATION
Tax-exempt (reinstated) · KANSAS CITY, MO 64109
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $658,578 | $593,652 | $64,926 | $572,478 | $0 | $572,478 |
| December 31, 2024 | 990 | $852,335 | $620,034 | $232,301 | $505,886 | -$1,666 | $507,552 |
| December 31, 2023 | 990 | $522,442 | $408,365 | $114,077 | $455,547 | $0 | $455,547 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $658,578
- of which government grants
- $57,262
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $10,002
- Compensation of officers, directors and key employees
- $126,250
- Other salaries and wages
- $193,304
- Salaries, compensation and benefits (total)
- $353,671
- Professional fundraising fees
- $0
- Accounting fees
- $24,823
- Occupancy
- $54,000
- Travel
- $5,247
- Program services (functional)
- $461,861
- Management and general (functional)
- $116,690
- Fundraising (functional)
- $15,101
Balance sheet and other
- Total assets, start of year
- $505,884
- Total assets, end of year
- $572,478
- Total liabilities, end of year
- $0
- Net assets, end of year
- $572,478
- Land, buildings and equipment
- $11,706
- Net assets without donor restrictions
- $572,478
- Gross receipts
- $658,578
- Employees
- 3
- Volunteers
- 0
- Year formed
- 2018
- State of legal domicile
- MO
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SIMONE CURLS | CEO Trustee or director | 40 | $126,250 |
| CLYDE MCQUEEN | BOARD CHAIR Trustee or director | 2.25 | $0 |
| DONALD MAXWELL | PRESIDENT Trustee or director | 2.5 | $0 |
| MARY SHANNON | BOARD SECRETARY Trustee or director | 2.25 | $0 |
| THEODIS SHANNON | BOARD TREASURER Trustee or director | 2.5 | $0 |
| DAVID PUENTE | DIRECTOR Trustee or director | 0.25 | $0 |
| RON LINDSEY | DIRECTOR Trustee or director | 0.25 | $0 |
| KAREN CURLS | DIRECTOR Trustee or director | 0.25 | $0 |
990 for the year ended December 31, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SIMONE CURLS | EXECUTIVE DIRECTOR Officer | 40 | $140,000 |
| CLYDE MCQUEEN | BOARD CHAIR Trustee or director, Officer | 2 | $0 |
| DONALD MAXWELL | PRESIDENT Trustee or director, Officer | 2.25 | $0 |
| MARY SHANNON | SECRETARY Trustee or director, Officer | 0.25 | $0 |
| TEODIS WATSON | TREASURER Trustee or director, Officer | 2.5 | $0 |
| KAREN CURLS | DIRECTOR Trustee or director | 0.5 | $0 |
| RON LINDSAY | DIRECTOR Trustee or director | 0.25 | $0 |
| MYRON MCCANT | DIRECTOR Trustee or director | 0.5 | $0 |
| DAVID PRUENTE | DIRECTOR Trustee or director | 0.5 | $0 |
| BRIEN STARNER | DIRECTOR Trustee or director | 0.25 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SIMONE CURLS | EXECUTIVE DIRECTOR Officer, Key employee, Highest-paid employee | 40 | $110,833 |
| CLYDE MCQUEEN | CHAIRMAN Trustee or director, Officer | 2 | $0 |
| DONALD MAXWELL | FOUNDER Trustee or director, Officer | 2.25 | $0 |
| MARY SHANNON | SECRETARY Trustee or director, Officer | 0.25 | $0 |
| TEODIS WATSON | TREASURER Trustee or director, Officer | 2.5 | $0 |
| RONDALD LINDSAY | DIRECTOR Trustee or director | 0.25 | $0 |
| MYRON MCCANT | DIRECTOR Trustee or director | 0.5 | $0 |
| DAVID PUENTE | DIRECTOR Trustee or director | 0.5 | $0 |
| BRIEN STARNER | DIRECTOR Trustee or director | 0.25 | $0 |
| SHERLY VICKERS | DIRECTOR Trustee or director | 0 | $0 |
| KAREN CURLS | DIRECTOR Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 2420 E LINWOOD BLVD STE 109, KANSAS CITY, MO 64109-2142
- In care of
- % SIMONE CURLS
- Principal officer (990 for 2025)
- SIMONE CURLS, 2420 E LINWOOD BLVD, STE 201, KANSAS CITY, MO 64109
- Signed the 990
- SIMONE CURLS, CEO
- Phone
- (816) 666-9722
Mission
PROMOTING SOCIAL WELFARE AND ECONOMIC DEVELOPMENT
Program accomplishments
- PROVIDED SMALL BUSINESSES THROUGHOUT THE KANSAS CITY METROPOLTIAN AREA WITH TECHNICIAL ASSISTANCE ONE-ON-ONE COACHING DISEMINATED INFORMATION PERTAINING TO ASSISTANCE FROM BING IMPACTED BY LINGERING EFFECTS OF COVID AND RELATED ECONOMIC CHANGES TO THE BUSINESS ENVIROMENT AND PROVIDED TECHNICAL ASSISTANCE IN APPLYING FOR FUNDING AND FINANCIAL AND BANKING WORKSHOPS AND RELATED SUPPORT.Expenses $461,861 · grants $10,002 · revenue $658,578
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 47-5323398
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W99)
- Assets (IRS master file)
- $572,478
- Income (IRS master file)
- $658,578
Revocation and reinstatement
- Exemption revoked
- May 15, 2018
- Posted by the IRS
- October 6, 2018
- Reinstated
- Effective September 15, 2018
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $658,578 | $593,652 | $572,478 | IRS |
| 990 | December 2024 | $852,335 | $620,034 | $505,886 | IRS |
| 990 | December 2023 | $522,442 | $408,365 | $455,547 | XML |
| 990 | December 2022 | $198,488 | $422,690 | $341,812 | IRS |
| 990 | December 2021 | $743,886 | $286,275 | $518,397 | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-5323398).
Questions about PROSPECT BUSINESS ASSOCIATION
- What is the EIN of PROSPECT BUSINESS ASSOCIATION?
- The employer identification number (EIN) of PROSPECT BUSINESS ASSOCIATION is 47-5323398.
- Is PROSPECT BUSINESS ASSOCIATION tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2018 and reinstated it effective September 15, 2018.
- Are donations to PROSPECT BUSINESS ASSOCIATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PROSPECT BUSINESS ASSOCIATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PROSPECT BUSINESS ASSOCIATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PROSPECT BUSINESS ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of PROSPECT BUSINESS ASSOCIATION?
- The 990 for the year ended December 31, 2025 names SIMONE CURLS.
- Who are the officers and directors of PROSPECT BUSINESS ASSOCIATION?
- The 990 for the year ended December 31, 2025 lists 8 people; 1 received compensation from the organization, the highest $126,250 (SIMONE CURLS, CEO).
- How much revenue does PROSPECT BUSINESS ASSOCIATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $658,578, expenses of $593,652 and total assets of $572,478 at year end.
Other nonprofits in KANSAS CITY
- AMERICAN PUBLIC WORKS ASSOCIATION EIN 36-2202880 · last filed 990 for 2025
- VETERANS COMMUNITY PROJECT EIN 47-4960735 · last filed 990 for 2025
- DISABLED AMERICAN VETERANS EIN 43-6074338 · last filed 990 for 2025
- KANSAS CITY STREETCAR AUTHORITY EIN 46-1005930 · last filed 990 for 2025
- KC2026 EIN 93-1734832 · last filed 990 for 2024
- JOURNEY TO NEW LIFE INC EIN 46-3435417 · last filed 990 for 2024
- LINDA HALL LIBRARY FOUNDATION EIN 46-4390683 · last filed 990 for 2025
- CITY WIDE TRANSPORTATION INC EIN 41-2045048 · last filed 990 for 2018
All nonprofits in KANSAS CITY · Missouri · Public and societal benefit