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Nonprofiteer
← COLLEGE FOR KIDS INC

Form 990 for tax year 2023

Filed by COLLEGE FOR KIDS INC.

Totals

Total revenue
$4,503,212
Total expenses
$1,524,113
Contributions and grants received
$4,412,200
Grants paid
$84,581
Program service revenue
$0
Investment income
$102,534
Other revenue
-$11,522
Total assets, end of year
$11,797,072
Total liabilities, end of year
$141,222
Net assets or fund balances, end of year
$11,655,850
Program services expenses (Part IX)
$1,037,435
Management and general expenses
$265,164
Fundraising expenses
$221,514
Program service expenses (Part III)
$1,037,435

Program services were 68.1% 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

    $371,781

  • 1e · Government grants (contributions)

    $262,716

  • 1f · All other contributions, gifts and grants

    $3,777,703

  • 3 · Investment income

    total $102,534 · related or exempt $4,017 · excluded $98,517

  • 8a · Fundraising events: gross income

    $94,667

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

    $371,781

  • 8b · Fundraising events: direct expenses

    $111,235

  • 8c · Net income from fundraising events

    total -$16,568 · excluded -$16,568

  • 11a · Other revenue: MISCELLANEOUS

    total $5,046 · related or exempt $5,046

  • 11e · Other revenue, total

    $5,046

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $84,581 · program services $84,581

  • 5 · Compensation of officers, directors and key employees

    total $134,588 · program services $94,212 · management and general $26,917 · fundraising $13,459

  • 7 · Other salaries and wages

    total $692,998 · program services $441,898 · management and general $134,959 · fundraising $116,141

  • 8 · Pension plan contributions

    total $18,407 · program services $11,924 · management and general $3,600 · fundraising $2,883

  • 9 · Other employee benefits

    total $74,907 · program services $48,525 · management and general $14,652 · fundraising $11,730

  • 10 · Payroll taxes

    total $64,248 · program services $41,620 · management and general $12,567 · fundraising $10,061

  • 11c · Fees: accounting

    total $12,500 · management and general $12,500

  • 11g · Fees: other

    total $3,226 · program services $1,430 · management and general $1,589 · fundraising $207

  • 13 · Office expenses

    total $27,130 · program services $7,209 · management and general $19,295 · fundraising $626

  • 16 · Occupancy

    total $49,197 · program services $36,897 · management and general $9,840 · fundraising $2,460

  • 17 · Travel

    total $30,590 · program services $22,421 · management and general $7,211 · fundraising $958

  • 22 · Depreciation, depletion and amortization

    total $944 · program services $708 · management and general $189 · fundraising $47

  • 23 · Insurance

    total $13,430 · program services $9,111 · management and general $4,083 · fundraising $236

  • 24a · Other expenses: STUDENT ADVOCACY

    total $119,952 · program services $119,952

  • 24b · Other expenses: MENTOR MANAGEMENT

    total $86,706 · program services $86,706

  • 24c · Other expenses: FUNDRAISING EVENTS

    total $52,432 · fundraising $52,432

  • 24d · Other expenses: TELEPHONE

    total $21,051 · program services $13,156 · management and general $3,057 · fundraising $4,838

  • 24e · All other expenses

    total $37,226 · program services $17,085 · management and general $14,705 · fundraising $5,436

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $88,747 · end of year $119,491

  • 2 · Savings and temporary cash investments

    beginning of year $1,945,897 · end of year $641,233

  • 3 · Pledges and grants receivable

    beginning of year $649,698 · end of year $1,622,608

  • 9 · Prepaid expenses and deferred charges

    beginning of year $22,425 · end of year $26,163

  • 10a · Land, buildings and equipment: cost or other basis

    $28,713

  • 10b · Land, buildings and equipment: accumulated depreciation

    $23,679

  • 10c · Land, buildings and equipment, net

    beginning of year $5,978 · end of year $5,034

  • 11 · Investments: publicly traded securities

    beginning of year $988,058 · end of year $3,585,269

  • 15 · Other assets

    beginning of year $5,017,840 · end of year $5,797,274

  • 17 · Accounts payable and accrued expenses

    beginning of year $29,438 · end of year $65,131

  • 25 · Other liabilities

    beginning of year $109,199 · end of year $76,091

  • 27 · Net assets without donor restrictions

    beginning of year $7,297,692 · end of year $9,499,365

  • 28 · Net assets with donor restrictions

    beginning of year $1,282,314 · end of year $2,156,485

Mission and programs · 2023

Mission

THE ORGANIZATION'S MISSION IS TO PASSIONATELY PROMOTE SELF-WORTH, PERSONAL RESPONSIBILITY, AND ACADEMIC SUCCESS FOR QUALIFIED, FINANCIALLY AT-RISK STUDENTS THROUGHOUT PALM BEACH COUNTY BY PROVIDING A UNIQUE SET OF RESOURCES WHICH INCLUDES ONE-ON-ONE MENTORING SERVICES, COLLEGE READINESS COACHING, COLLEGE ADVISING, POST-SECONDARY RETENTION SERVICES, AND A GUARANTEED POST-SECONDARY FULL-TUITION COLLEGE SCHOLARSHIP.

Activities or mission (Part I)

TAKE STOCK IN CHILDREN PALM BEACH COUNTY (PBC) RECEIVED AN EXTRAORDINARY, ONE-TIME UNRESTRICTED GIFT OF 1 MILLION FROM AMAZON CO-FOUNDER MACKENZIE SCOTT IN THE FISCAL YEAR ENDING JUNE 30, 2024. THIS GIFT WAS PART OF A LARGER 640 MILLION DONATION SHARED AMONG 361 SMALL NONPROFIT ORGANIZATIONS. THIS EXTRAORDINARY CONTRIBUTION SIGNIFICANTLY SUPPORTS OUR MISSION AND WILL HELP US EXPAND OUR REACH AND IMPACT IN THE COMMUNITY. OUR MISSION IS TO PASSIONATELY PROMOTE PERSONAL RESPONSIBILITY AND ACADEMIC SUCCESS FOR AT-RISK PALM BEACH COUNTY YOUTH THROUGH A WRAPAROUND, EVIDENCE-BASED PROGRAM MODEL EQUIPPED WITH MENTORING, COLLEGE READINESS, SCHOLARSHIPS, AND COLLEGE RETENTION SERVICES. IN THE 2024 FISCAL YEAR, WE SERVED 1,334 STUDENTS ACROSS 57 PALM BEACH COUNTY SCHOOLS, WITH 456 VOLUNTEER MENTORS. NOTABLY, 100% OF OUR STUDENTS ARE AT OR BELOW THE FEDERAL POVERTY RATE. OUR PROGRAM'S EFFECTIVENESS IS DEMONSTRATED BY AN UNRIVALED 100% HIGH SCHOOL GRADUATION RATE AND A 96% COLLEGE ENROLLMENT RATE,

  • TAKE STOCK IN CHILDREN PALM BEACH COUNTY IS DEDICATED TO PROMOTING PERSONAL RESPONSIBILITY AND ACADEMIC SUCCESS FOR AT-RISK YOUTH THROUGH A COMPREHENSIVE, EVIDENCE-BASED PROGRAM MODEL. OUR INNOVATIVE MULTI-YEAR APPROACH PROVIDES WRAPAROUND SUPPORT SERVICES TO STUDENTS THROUGHOUT THEIR MIDDLE AND HIGH SCHOOL YEARS, CONTINUING THROUGH POST-SECONDARY COMPLETION. STUDENTS, TYPICALLY ENROLLED FROM 6TH TO 9TH GRADE, PARTICIPATE FOR AN AVERAGE OF 5 TO 8 YEARS. EACH STUDENT IS MATCHED WITH A CARING ADULT MENTOR FOR WEEKLY MEETINGS, RECEIVES CONTINUOUS ACADEMIC SUPPORT, AND BENEFITS FROM ONGOING COLLEGE READINESS SERVICES PROVIDED BY ASSIGNED COLLEGE READINESS COACHES. UPON HIGH SCHOOL GRADUATION, STUDENTS RECEIVE A MINIMUM 2-YEAR FLORIDA PREPAID COLLEGE TUITION SCHOLARSHIP. THROUGHOUT THE SCHOOL YEAR, WE OFFER MONTHLY WORKSHOPS FOR STUDENTS AND FAMILIES, ADDRESSING SOCIAL/EMOTIONAL ISSUES, COMMON STRESSORS, SYSTEM BARRIERS, COMMUNICATION TOOLS, FINANCIAL LITERACY, AND ACADEMIC PREPARATION. WE ALSO PROVIDE LOCAL COMMUNITY SERVICE OPPORTUNITIES TO DEVELOP STUDENTS' INTERESTS, SKILLS, AND TALENTS WHILE FOSTERING COMMUNITY ENGAGEMENT. IN THE SENIOR YEAR, STUDENTS ARE INTRODUCED TO COLLEGE RETENTION SPECIALISTS WHO ASSIST WITH THE TRANSITION TO HIGHER EDUCATION AND CONTINUE TO PROVIDE POST-SECONDARY ACADEMIC ADVISING THROUGH COMPLETION. IN FISCAL YEAR 2024, WE SERVED 1,334 STUDENTS ACROSS 57 PALM BEACH COUNTY SCHOOLS AND COLLEGE CAMPUSES, AN INCREASE FROM 1,266 IN FY 2023, WITH SUPPORT FROM 456 VOLUNTEER MENTORS. 100% OF STUDENTS ARE AT OR BELOW THE FEDERAL POVERTY RATE. OUR PROGRAM'S SUCCESS IS EVIDENT IN OUR 100% HIGH SCHOOL GRADUATION RATE AND 96% COLLEGE ENROLLMENT RATE, SIGNIFICANTLY CONTRIBUTING TO THE ECONOMIC VIABILITY OF OUR COMMUNITY. THIS YEAR, WE RECEIVED AN EXTRAORDINARY, ONE-TIME UNRESTRICTED GIFT OF 1 MILLION FROM MACKENZIE SCOTT, WHICH WILL HELP US EXPAND OUR REACH AND IMPACT, FURTHERING OUR MISSION TO PROVIDE EDUCATIONAL OPPORTUNITIES AND SUPPORT FOR AT-RISK YOUTH IN PALM BEACH COUNTY.

    Expenses $1,037,435 · Grants $84,581

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Evan Bolinski CFA

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Mack Perry

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Eric Ray

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Cj Janney

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Zachary Berg CFP

    IMMEDIATE PA

    Total calculated
    $0
    Hours/week
    1

  • Shiva Ahrens

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Keven Allen Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marcia Andrews

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Peter Barbatis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeff Michaud

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Keith Oswald

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Katia Saint-Preux

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mike Murgio

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Maximillian Kaye

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kevin Probel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nancy Stellway

    EXECUTIVE DI

    Total calculated
    $136,269
    From this org
    $132,332
    From related orgs
    $0
    Other
    $3,937
    Hours/week
    40

  • Lidia Vargas

    DIR. OF DEVE

    Total calculated
    $130,721
    From this org
    $126,784
    From related orgs
    $0
    Other
    $3,937
    Hours/week
    40

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
2023
Filed
21 October 2024
IRS schema version
2023v5.0
Source object
202412969349301856

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

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