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Nonprofiteer
← THINK BIG FOR KIDS INC

Form 990 for tax year 2023

Filed by THINK BIG FOR KIDS INC.

Totals

Total revenue
$944,625
Total expenses
$740,726
Contributions and grants received
$912,433
Grants paid
$121,859
Program service revenue
$0
Investment income
$48,952
Other revenue
-$16,760
Total assets, end of year
$2,061,531
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,061,531
Program services expenses (Part IX)
$496,322
Management and general expenses
$156,942
Fundraising expenses
$87,462
Program service expenses (Part III)
$496,322

Program services were 67.0% 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

    $86,300

  • 1f · All other contributions, gifts and grants

    $826,133

  • 3 · Investment income

    total $48,952 · excluded $48,952

  • 8a · Fundraising events: gross income

    $0

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

    $86,300

  • 8b · Fundraising events: direct expenses

    $16,760

  • 8c · Net income from fundraising events

    total -$16,760 · excluded -$16,760

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $121,859 · program services $121,859

  • 5 · Compensation of officers, directors and key employees

    total $152,096 · program services $106,467 · management and general $30,419 · fundraising $15,210

  • 7 · Other salaries and wages

    total $229,458 · program services $160,620 · management and general $45,892 · fundraising $22,946

  • 9 · Other employee benefits

    total $5,723 · program services $4,006 · management and general $1,145 · fundraising $572

  • 10 · Payroll taxes

    total $28,550 · program services $19,985 · management and general $5,710 · fundraising $2,855

  • 11c · Fees: accounting

    total $5,623 · management and general $5,623

  • 11g · Fees: other

    total $8,818 · management and general $8,818

  • 12 · Advertising and promotion

    total $9,158 · program services $9,158

  • 13 · Office expenses

    total $9,464 · management and general $9,464

  • 14 · Information technology

    total $76,327 · program services $51,902 · management and general $24,425

  • 17 · Travel

    total $22,325 · program services $22,325

  • 23 · Insurance

    total $21,925 · management and general $21,925

  • 24a · Other expenses: BENEFICIARY EVENTS

    total $36,725 · fundraising $36,725

  • 24b · Other expenses: DONOR & VOLUNTEER EVENT

    total $8,609 · fundraising $8,609

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $3,460 · management and general $3,460

  • 24d · Other expenses: MENTORSHIP EVENTS

    total $545 · fundraising $545

  • 24e · All other expenses

    total $61 · management and general $61

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,770,340 · end of year $505,528

  • 2 · Savings and temporary cash investments

    beginning of year $80,546 · end of year $1,556,003

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,850,886 · end of year $2,061,531

Mission and programs · 2023

Mission

THINK BIG FOR KIDS IS BREAKING THE CYCLE OF POVERTY BY PROVIDING MIDDLE AND HIGH SCHOOL STUDENTS WITH CAREER OPPORTUNITIES, MENTORSHIP, AND JOB READINESS TRAINING TO EXCEL IN TODAY'S WORKFORCE.

Activities or mission (Part I)

TO BREAK THE CYCLE OF POVERTY BY PREPARING KIDS FOR THE WORKFORCE THROUGH CAREERS.

  • THINK BIG FOR KIDS IS A NATIONAL NON-PROFIT THAT PARTNERS WITH COMPANIES FROM DIVERSE INDUSTRIES TO PROVIDE THE AWARENESS, GUIDANCE, AND SUPPORT YOUNG PEOPLE NEED TO SET AND ACHIEVE THEIR POST-GRADUATION GOALS. OUR UNIQUE "THREE PILLARS" APPROACH INCORPORATES CAREER EXPLORATION, MENTORSHIP, AND JOB READINESS AND PLACEMENT. WE'VE DEVELOPED A PROGRAMMATIC ROADMAP THAT FIRST ENGAGES KIDS DURING THE CRITICAL MIDDLE SCHOOL YEARS AND SUPPORTS THEM THROUGHOUT HIGH SCHOOL AND INTO YOUNG ADULTHOOD. DURING THE PROGRAM, STUDENTS LEARN ABOUT CAREER OPPORTUNITIES AND WORK WITH EXPERIENCED MENTORS TO PURSUE THEIR EDUCATIONAL AND PROFESSIONAL GOALS. AS THEY APPROACH GRADUATION, WE OFFER WORK PLACEMENT, INTERNSHIPS, AND SCHOLARSHIPS TO HELP THEM PURSUE ON-THE-JOB TRAINING, TRADE SCHOOL CERTIFICATION, OR A 2 TO 4-YEAR COLLEGE DEGREE. TO FURTHER OUR MISSION TO BREAK THE CYCLE OF POVERTY, WE WORK WITH OUR PARTNERS TO CONNECT GRADUATES TO JOBS THEY'RE PASSIONATE ABOUT AFTER COMPLETING THEIR EDUCATION.FOUNDED BY TECH ENTREPRENEUR TONY DIBENEDETTO, THE ORGANIZATION WORKS WITH BUSINESS PARTNERS AND LIKE-MINDED ORGANIZATIONS TO DEVELOP KIDS' UNTAPPED POTENTIAL. OUR VISION IS TO SERVE 10,000 KIDS BY 2025 BY PARTNERING WITH ORGANIZATIONS, COMPANIES, AND VOLUNTEERS TO PROVIDE MIDDLE AND HIGH SCHOOL STUDENTS IN POVERTY WITH OPPORTUNITIES.THE THINK BIG FOR KIDS MISSION FOCUSES ON THREE PILLARS:- CAREER EXPLORATION: WE PROVIDE MIDDLE-SCHOOL STUDENTS WITH A CHANCE TO LEARN ABOUT DIVERSE JOB OPPORTUNITIES IN TODAY'S WORKPLACE BY ORGANIZING CAREER SHOWCASES, SKILL-BUILDING WORKSHOPS, FIELDTRIPS, AND SUMMER PROGRAMS.- MENTORSHIP: WE PAIR STUDENTS WITH AN EXPERIENCED MENTOR ALIGNED WITH THEIR INTERESTS WHO CAN HELP THEM UNDERSTAND THEIR CAREER OPTIONS, CHOOSE THE RIGHT EDUCATION PATH, REMAIN ACCOUNTABLE, AND PLAN FOR POST-GRADUATION.- JOB READINESS & PLACEMENT: WE PREPARE HIGH SCHOOL STUDENTS FOR THEIR FUTURE CAREER BY COORDINATING INTERNSHIP AND JOB SHADOWING OPPORTUNITIES, ORGANIZING JOB READINESS WORKSHOPS, AWARDING SCHOLARSHIPS, AND ASSISTING WITH JOB PLACEMENT.

    Expenses $496,322 · Grants $121,859

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

Listed in Part VII

  • Tony Dibenedetoo

    PRESIDENT

    Total calculated
    $0
    Hours/week
    15
  • Holly Grogan

    TREASURER

    Total calculated
    $0
    Hours/week
    8
  • Amy Alley

    EXECUTIVE DIRECTOR/SECRETARY

    Total calculated
    $152,096
    From this org
    $143,750
    From related orgs
    $0
    Other
    $8,346
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $138,750
    Bonus
    $5,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $8,346
    Filer's total
    $152,096

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 survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
BONUSES ARE BASED ON ACHIEVING GOALS FOR THAT YEAR. THEY ARE NOT GUARANTEED AND ARE NOT AN EXPECTATION OF EMPLOYEES.

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
13 November 2024
IRS schema version
2023v5.1
Source object
202443189349309469

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