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← POOLS FOR KIDS INC

Form 990 for tax year 2023

Filed by POOLS FOR KIDS INC.

Totals

Total revenue
$531,457
Total expenses
$512,004
Contributions and grants received
$530,232
Grants paid
$503,176
Program service revenue
$0
Investment income
$0
Other revenue
$1,225
Total assets, end of year
$74,195
Total liabilities, end of year
$7,462
Net assets or fund balances, end of year
$66,733
Program services expenses (Part IX)
$503,176
Management and general expenses
$1,508
Fundraising expenses
$7,320
Program service expenses (Part III)
$503,176

Program services were 98.3% 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.

  • 1c · Fundraising events

    $138,344

  • 1f · All other contributions, gifts and grants

    $391,888

  • 8a · Fundraising events: gross income

    $12,000

  • 8a · Fundraising events: contributions included on line 1c

    $138,344

  • 8b · Fundraising events: direct expenses

    $10,775

  • 8c · Net income from fundraising events

    total $1,225 · excluded $1,225

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $503,176 · program services $503,176

  • 11b · Fees: legal

    total $1,258 · management and general $1,258

  • 11c · Fees: accounting

    total $150 · management and general $150

  • 11e · Fees: professional fundraising services

    total $3,750 · fundraising $3,750

  • 13 · Office expenses

    total $170 · management and general $100 · fundraising $70

  • 14 · Information technology

    total $3,500 · fundraising $3,500

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $54,280 · end of year $74,195

  • 17 · Accounts payable and accrued expenses

    end of year $904

  • 24 · Unsecured notes and loans payable

    beginning of year $7,000 · end of year $6,558

  • 27 · Net assets without donor restrictions

    beginning of year $47,280 · end of year $66,733

Mission and programs · 2023

Mission

To help build and upgrade aquatics sports facilities for youth athletics in Colorado. Over 300 athletes have benefited from upgrades that Pools for Kids has donated to in the past.

  • As a direct result of these upgrades, athletes training at facilites that Pools For Kids has upgraded have earned over 135 Division I college scholarships, with some athletes earning spots at such prestigious institutions as the Air Force Academy, Stanford, Harvard, Princeton, Columbia, Dartmouth, University of Denver, and many others. Most recently, PFK has raised the funds to upgrad the former Meyers Pool (now the Arvada Aquatic Complex) to a state-of-the-art diving favility that will be utilized for the next 50 years by the community.

    Expenses $503,176 · Grants $503,176

As filed on the 2023 return.

Listed in Part VII

  • John M Perkins IV

    Vice President

    Total calculated
    $0
    Hours/week
    5
  • Carson Brush

    Vice President and Treasurer

    Total calculated
    $0
    Hours/week
    5
  • Levent Afsar

    President & Secretary

    Total calculated
    $0
    Hours/week
    5

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

  • City Of Arvada

    $443,514

    To buildupgrade aquatics sport facil

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202443209349306379

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

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