Form 990 for tax year 2022

Filed by KINGSWOOD HOME FOR CHILDREN INC.

What the amendment changed

Compared with the return it replaced , filed 15 May 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue: $1,507,835 changed to $1,706,369
Total expenses: $1,218,271 changed to $1,265,610
Contributions and grants received: $1,368,673 changed to $1,547,746
Program service revenue: $33,107 changed to $39,764
Investment income: $65,567 changed to $67,844
Other revenue: $40,488 changed to $51,015
Total assets, end of year: $3,569,007 changed to $3,663,224
Total liabilities, end of year: $128,890 changed to $138,898
Net assets or fund balances, end of year: $3,440,117 changed to $3,524,326
Program services expenses: $1,131,696 changed to $1,173,971
Management and general expenses: $81,908 changed to $85,416
Fundraising expenses: $4,667 changed to $6,223
Program service expenses (Part III): $1,131,696 changed to $1,173,971

Listed only on the earlier return

Joe MorrisJOE MORRIS

Listed only on the later return

Dr Brance HagoodDR BRANCE HAGOOD
Mary MoffattMARY MOFFATT
Pastor Ben ShounPASTOR BEN SHOUN
Rick SosnoskiRICK SOSNOSKI

Listed under a different title

Leah TaylorLEAH TAYLOR: BOARD MEMBER then EX-OFFICIO M

Totals

Total revenue: $1,706,369
Total expenses: $1,265,610
Contributions and grants received: $1,547,746
Grants paid: $0
Program service revenue: $39,764
Investment income: $67,844
Other revenue: $51,015
Total assets, end of year: $3,663,224
Total liabilities, end of year: $138,898
Net assets or fund balances, end of year: $3,524,326
Program services expenses (Part IX): $1,173,971
Management and general expenses: $85,416
Fundraising expenses: $6,223
Program service expenses (Part III): $1,173,971

Program services were 92.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

1f · All other contributions, gifts and grants

$1,547,746
1g · Noncash contributions included above

$132,032
2a · Program service revenue: TITLE I

total $31,680 · related or exempt $31,680
2b · Program service revenue: USDA SUMMER FEEDING PROGRAM

total $8,084 · related or exempt $8,084
3 · Investment income

total $47,921 · related or exempt $47,921
7a · Gross sales of assets other than inventory

securities $2,014,039
7b · Less cost or other basis and sales expenses

securities $1,994,116
7c · Gain or loss

securities $19,923
7d · Net gain or loss

total $19,923 · related or exempt $19,923
8a · Fundraising events: gross income

$49,705
8c · Net income from fundraising events

total $49,705 · excluded $49,705
11a · Other revenue: OTHER INCOME

total $1,310 · related or exempt $1,310
11e · Other revenue, total

$1,310

Functional expenses

Part IX, the statement of functional expenses.

7 · Other salaries and wages

total $591,088 · program services $543,801 · management and general $47,287
9 · Other employee benefits

total $66,540 · program services $61,863 · management and general $4,677
10 · Payroll taxes

total $47,609 · program services $43,800 · management and general $3,809
11g · Fees: other

total $24,979 · program services $23,230 · management and general $1,749
12 · Advertising and promotion

total $8,115 · program services $7,547 · management and general $568
13 · Office expenses

total $28,457 · program services $26,180 · management and general $2,277
16 · Occupancy

total $166,050 · program services $154,427 · management and general $11,623
19 · Conferences, conventions and meetings

total $1,391 · program services $1,391
22 · Depreciation, depletion and amortization

total $90,762 · program services $83,501 · management and general $7,261
23 · Insurance

total $56,624 · program services $52,680 · management and general $3,944
24a · Other expenses: CHILDREN'S TUITION

total $61,979 · program services $61,979
24b · Other expenses: CHILDREN'S EXPENSES/NEEDS

total $33,058 · program services $33,058
24c · Other expenses: SCHOOL SUPPLIES

total $19,629 · program services $19,629
24d · Other expenses: VEHICLE EXPENSE

total $19,162 · program services $17,821 · management and general $1,341
24e · All other expenses

total $50,167 · program services $43,064 · management and general $880 · fundraising $6,223

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $480,403 · end of year $479,309
2 · Savings and temporary cash investments

beginning of year $349,120 · end of year $34,383
3 · Pledges and grants receivable

beginning of year $8,670 · end of year $5,107
9 · Prepaid expenses and deferred charges

beginning of year $13,243 · end of year $20,463
10a · Land, buildings and equipment: cost or other basis

$2,960,278
10b · Land, buildings and equipment: accumulated depreciation

$2,165,347
10c · Land, buildings and equipment, net

beginning of year $745,553 · end of year $794,931
11 · Investments: publicly traded securities

beginning of year $1,574,162 · end of year $2,327,591
15 · Other assets

beginning of year $3,938 · end of year $1,440
17 · Accounts payable and accrued expenses

beginning of year $25,397 · end of year $73,118
19 · Deferred revenue

beginning of year $62,109 · end of year $62,109
25 · Other liabilities

beginning of year $16,368 · end of year $3,671
27 · Net assets without donor restrictions

beginning of year $3,071,215 · end of year $3,524,326

Mission and programs · 2022

Mission

Withheld by Nonprofiteer: this text may name a private individual.

Activities or mission (Part I)

Withheld by Nonprofiteer: this text may name a private individual.

KINGSWOOD HOME FOR CHILDREN, INC., IS A PRIVATE, RESIDENTIAL HOME FOR CHILDREN AGES 5-18 THAT PROVIDES A SAFE, CHRISTIAN HOME FOR CHILDREN WHO HAVE BEEN ABANDONED, ABUSED, NEGLECTED, OR DISPLACED.

Expenses $1,173,971 · Revenue $39,764

As filed on the 2022 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

Dr Peter ClarkDR PETER CLARK

BOARD MEMBER

Total calculated

$0

Hours/week

1
Christina ColeyCHRISTINA COLEY

SECRETARY/TR

Total calculated

$0

Hours/week

1
Chad GustCHAD GUST

BOARD MEMBER

Total calculated

$0

Hours/week

1
Dr Brance HagoodDR BRANCE HAGOOD

BOARD MEMBER

Total calculated

$0

Hours/week

1
Mary MoffattMARY MOFFATT

BOARD MEMBER

Total calculated

$0

Hours/week

1
Dale MolesDALE MOLES

BOARD MEMBER

Total calculated

$0

Hours/week

1
Chase MoselyCHASE MOSELY

BOARD MEMBER

Total calculated

$0

Hours/week

1
Clark RuckerCLARK RUCKER

CHAIR

Total calculated

$0

Hours/week

1
Jennifer SheetsJENNIFER SHEETS

VICE CHAIR

Total calculated

$0

Hours/week

1
Pastor Ben ShounPASTOR BEN SHOUN

BOARD MEMBER

Total calculated

$0

Hours/week

1
Rick SosnoskiRICK SOSNOSKI

BOARD MEMBER

Total calculated

$0

Hours/week

1
Leah TaylorLEAH TAYLOR

EX-OFFICIO M

Total calculated

$0

Hours/week

1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type: form_990
Tax year: 2022
Filed: 25 October 2024
IRS schema version: 2022v5.0
Source object: 202520489349300322

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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