Totals
- Total revenue
- $46,433,388
- Total expenses
- $75,390,632
- Contributions and grants received
- $46,488,358
- Grants paid
- $0
- Program service revenue
- $6,000
- Investment income
- $34,792
- Other revenue
- -$95,762
- Total assets, end of year
- $19,484,598
- Total liabilities, end of year
- $533,005
- Net assets or fund balances, end of year
- $18,951,593
- Program services expenses (Part IX)
- $72,704,134
- Management and general expenses
- $1,702,349
- Fundraising expenses
- $984,149
- Program service expenses (Part III)
- $72,704,134
Program services were 96.4% 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
$157,654
-
1f · All other contributions, gifts and grants
$46,330,704
-
1g · Noncash contributions included above
$41,012,907
-
2a · Program service revenue: AFFILIATES DUES
total $6,000 · related or exempt $6,000
-
3 · Investment income
total $59,575 · excluded $59,575
-
7a · Gross sales of assets other than inventory
securities $336,064
-
7b · Less cost or other basis and sales expenses
securities $360,847
-
7c · Gain or loss
securities -$24,783
-
7d · Net gain or loss
total -$24,783 · excluded -$24,783
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$157,654
-
8b · Fundraising events: direct expenses
$95,762
-
8c · Net income from fundraising events
total -$95,762 · excluded -$95,762
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $445,020 · program services $112,234 · management and general $197,455 · fundraising $135,331
-
7 · Other salaries and wages
total $2,366,336 · program services $938,249 · management and general $882,871 · fundraising $545,216
-
8 · Pension plan contributions
total $83,788 · program services $33,910 · management and general $30,925 · fundraising $18,953
-
9 · Other employee benefits
total $260,361 · program services $103,635 · management and general $96,943 · fundraising $59,783
-
10 · Payroll taxes
total $200,524 · program services $75,496 · management and general $76,778 · fundraising $48,250
-
11b · Fees: legal
total $22,805 · management and general $22,805
-
11c · Fees: accounting
total $27,576 · management and general $27,576
-
11d · Fees: lobbying
total $101,000 · management and general $101,000
-
11g · Fees: other
total $104,019 · program services $23,785 · management and general $70,190 · fundraising $10,044
-
12 · Advertising and promotion
total $13,311 · management and general $13,311
-
13 · Office expenses
total $17,502 · program services $11,508 · management and general $3,911 · fundraising $2,083
-
14 · Information technology
total $143,837 · program services $68,882 · management and general $45,868 · fundraising $29,087
-
16 · Occupancy
total $266,320 · program services $119,578 · management and general $90,042 · fundraising $56,700
-
17 · Travel
total $69,671 · program services $4,339 · management and general $3,924 · fundraising $61,408
-
22 · Depreciation, depletion and amortization
total $27,206 · management and general $27,206
-
23 · Insurance
total $7,188 · program services $3,442 · management and general $2,292 · fundraising $1,454
-
24a · Other expenses: GOOD DISTRIBUTED
total $70,104,471 · program services $70,104,471
-
24b · Other expenses: PRODUCT PURCHASES
total $774,072 · program services $774,072
-
24c · Other expenses: EQUIPMENT PURCHASES
total $233,454 · program services $230,042 · management and general $2,088 · fundraising $1,324
-
24d · Other expenses: MISCELLANEOUS EXPENSES
total $122,171 · program services $100,491 · management and general $7,164 · fundraising $14,516
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,991,320 · end of year $2,093,585
-
2 · Savings and temporary cash investments
beginning of year $43,875 · end of year $26,411
-
3 · Pledges and grants receivable
beginning of year $46,538,336 · end of year $10,726,925
-
8 · Inventories for sale or use
beginning of year $6,691,573 · end of year $5,389,750
-
9 · Prepaid expenses and deferred charges
beginning of year $41,089 · end of year $72,934
-
10a · Land, buildings and equipment: cost or other basis
$336,299
-
10b · Land, buildings and equipment: accumulated depreciation
$269,373
-
10c · Land, buildings and equipment, net
beginning of year $94,132 · end of year $66,926
-
11 · Investments: publicly traded securities
end of year $996,076
-
12 · Investments: other securities
beginning of year $858,236
-
15 · Other assets
beginning of year $150,148 · end of year $111,991
-
17 · Accounts payable and accrued expenses
beginning of year $402,215 · end of year $270,729
-
23 · Secured mortgages and notes payable
beginning of year $148,139 · end of year $144,459
-
25 · Other liabilities
beginning of year $140,307 · end of year $117,817
-
27 · Net assets without donor restrictions
beginning of year $54,477,861 · end of year $18,085,367
-
28 · Net assets with donor restrictions
beginning of year $1,240,187 · end of year $866,226
Mission and programs · 2023
Mission
BY PARTNERING WITH TEACHERS AND STUDENTS IN UNDER-RESOURCED SCHOOLS, WE PROVIDE THE SUPPORT NEEDED FOR TEACHERS TO TEACH AND LEARNERS TO LEARN.
Activities or mission (Part I)
TO CREATE EQUITABLE LEARNING SPACES FOR ALL STUDENTS. KIDS IN NEED FOUNDATION'S PROGRAMS PROVIDE SUPPLIES DIRECTLY TO UNDER-RESOURCED SCHOOLS, REACHING STUDENTS THROUGH THEIR SCHOOLS AND TEACHERS. WHEN SUPPLIES ARE LACKING, THE QUALITY OF EDUCATION IS IN JEOPARDY, AND THAT AFFECTS FUTURE OPPORTUNITIES FOR CHILDREN.
-
NATIONAL NETWORK OF RESOURCE CENTERS (INCLUDING TWIN CITIES RESOURCE CENTER) - THE FOUNDATION PARTNERS WITH OVER 40 RESOURCE CENTERS ACROSS THE COUNTRY TO HELP DISTRIBUTE MUCH-NEEDED SCHOOL SUPPLIES TO STUDENTS WHO WOULD OTHERWISE GO WITHOUT. THESE ORGANIZATIONS FOCUS ON SCHOOLS WITH HIGH PERCENTAGES OF STUDENTS ENROLLED IN THE FEDERAL FREE AND REDUCED LUNCH PROGRAM. THE RESOURCE CENTERS ARE INDEPENDENTLY OPERATED BY NONPROFIT ORGANIZATIONS THAT MEET THE FOUNDATION'S REQUIREMENTS.
Expenses $66,428,661 · Revenue $44,244,671
-
SUPPLY A STUDENT: THE FOUNDATION SEEKS SPONSORS TO PROVIDE SCHOOL SUPPLIES TO CHILDREN IN NEED. UNDER THIS PROGRAM, THE FOUNDATION PROVIDES BACKPACKS CONTAINING SCHOOL SUPPLIES FOR CHILDREN IN NEED. THESE SCHOOL SUPPLIES ARE SHIPPED TO VARIOUS SCHOOLS AND APPROVED CHARITIES.
Expenses $3,765,206 · Revenue $2,507,802
-
SUPPLY A TEACHER - FOCUSES ON CORE MISSION OF PROVIDING ESSENTIAL SCHOOL SUPPLIES TO THE CLASSROOMS OF CHILDREN MOST IN NEED. SUCCESSFUL APPLICANTS RECEIVE TWO LARGE BOXES CONTAINING A PREDETERMINED ASSORTMENT OF CORE ITEMS WITH A RETAIL VALUE OF APPROXIMATELY $500.
Expenses $2,196,547 · Revenue $1,463,002
-
SECOND RESPONDER THE FOUNDATION PROVIDES FREE SCHOOL SUPPLIES TO STUDENTS WHO HAVE BEEN AFFECTED BY A NATURAL DISASTER, SUCH AS A TORNADO, HURRICANE, WILDFIRE, OR FLOOD, TO FACILITATE THEIR RECOVERY FROM THE TRAUMA OF THEIR EXPERIENCES AND HELP THEM RESUME THEIR NORMAL ROUTINES.
Expenses $313,720 · Revenue $208,952
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
COREY GORDON
CEO
- Total calculated
- $283,872
- From this org
- $238,243
- From related orgs
- $0
- Other
- $45,629
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $219,400
- Bonus
- $16,096
- Other
- $2,747
- Deferred
- $11,895
- Nontaxable benefits
- $33,734
- Filer's total
- $283,872
-
SUZANNE WERDANN
CHIEF BRAND OFFICER
- Total calculated
- $225,903
- From this org
- $175,330
- From related orgs
- $0
- Other
- $50,573
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $161,662
- Bonus
- $11,352
- Other
- $2,316
- Deferred
- $9,288
- Nontaxable benefits
- $41,285
- Filer's total
- $225,903
-
WADE JONES
VP FINANCE & OPERATIONS
- Total calculated
- $161,148
- From this org
- $142,606
- From related orgs
- $0
- Other
- $18,542
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $132,400
- Bonus
- $9,013
- Other
- $1,193
- Deferred
- $7,130
- Nontaxable benefits
- $11,412
- Filer's total
- $161,148
-
PAUL WILSON
VP OF DEVELOPMENT
- Total calculated
- $168,287
- From this org
- $131,169
- From related orgs
- $0
- Other
- $37,118
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $123,150
- Bonus
- $5,700
- Other
- $2,319
- Deferred
- $5,238
- Nontaxable benefits
- $31,880
- Filer's total
- $168,287
-
CAITLIN STACK
SR DIR NATIONAL PROGRAMS
- Total calculated
- $122,790
- From this org
- $106,289
- From related orgs
- $0
- Other
- $16,501
- Hours/week
- 40
-
BILL BRIGGS
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
NICK ENDSLEY
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
AL COBB
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
TERRY REED
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
DAWN SOUTHGATE
IMMEDIATE PAST CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
BRAD DEMSKY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
GREGORY WORKS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
HEATHER GREEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
JANE THOMPSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
JOHN CASTILLO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
MIKAELA WARDLAW LEMMON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
PAUL KURTZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
SARAH KYDD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
SUSAN FULGINITI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
VICTOR PHAM
BOARD MEMBER
- 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Approval by the board or compensation committee
- 5a · Pay contingent on this organization's revenues
- 6a · Pay contingent on this organization's net earnings
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5b · Pay contingent on a related organization's revenues
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 3
- THE BOARD'S EXECUTIVE COMMITTEE, WILL CONDUCT AN ANNUAL REVIEW OF THE CEO WITH INPUT FROM THE STAFF ON OVERALL ORGANIZATIONAL PERFORMANCE, METRICS, ETC. THE EXECUTIVE COMMITTEE WILL ESTABLISH A SALARY UPLIFT FOR THE CEO AND COMMUNICATE ANY ADJUSTMENTS TO THE HEAD OF HR AND VP OF FINANCE AND OPERATIONS CONCURRENTLY.
- PART I, LINE 5
- OUR VP OF DEVELOPMENT HAS AN INCENTIVE PLAN TARGET AS DOES THE ENTIRE DEVELOPMENT TEAM THAT IS BASED ON THEIR ACCOUNT GROWTH.
- PART I, LINE 6
- THE ORGANIZATION HAS A BONUS POOL PLAN FOR ALL NON-DEVELOPMENT TEAM MEMBERS THAT IS BASED ON SURPASSING BUDGET.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 21 August 2024
- IRS schema version
- 2023v5.1
- Source object
- 202442489349301469
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