Totals
- Total revenue
- $540,135
- Total expenses
- $409,253
- Contributions and grants received
- $511,479
- Grants paid
- $1,731
- Program service revenue
- $23,521
- Investment income
- $0
- Other revenue
- $5,135
- Total assets, end of year
- $180,012
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $180,012
- Program services expenses (Part IX)
- $380,738
- Management and general expenses
- $22,783
- Fundraising expenses
- $5,732
- Program service expenses (Part III)
- $380,738
Program services were 93.0% 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.
-
1f · All other contributions, gifts and grants
$511,479
-
2a · Program service revenue: IMPACT FACTORY
total $23,271 · related or exempt $23,271
-
2b · Program service revenue: PROGRAM SERVICE REVENUE
total $250 · related or exempt $250
-
3 · Investment income
total $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$2,166
-
10b · Cost of goods sold
$271
-
10c · Net income from sales of inventory
total $1,895 · related or exempt $1,895
-
11a · Other revenue: OTHER REVENUE
total $3,240 · related or exempt $3,240
-
11e · Other revenue, total
$3,240
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,731 · program services $1,731
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $17,793 · program services $17,793
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $211,174 · program services $211,174
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $4,708 · program services $4,708
-
10 · Payroll taxes
total $36,461 · program services $36,461
-
11a · Fees: management
total $26,086 · program services $26,086
-
11b · Fees: legal
total $10,090 · program services $7,590 · management and general $2,500
-
11c · Fees: accounting
total $85 · management and general $85
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $23,175 · program services $22,750 · fundraising $425
-
12 · Advertising and promotion
total $4,000 · program services $4,000
-
13 · Office expenses
total $0
-
14 · Information technology
total $13,336 · program services $2,346 · management and general $10,891 · fundraising $99
-
15 · Royalties
total $0
-
16 · Occupancy
total $6,412 · program services $6,370 · management and general $42
-
17 · Travel
total $21,929 · program services $15,862 · management and general $1,505 · fundraising $4,562
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $2,583 · management and general $2,583
-
24a · Other expenses: Printing and Publications
total $17,000 · program services $17,000
-
24b · Other expenses: DUES & SUBSCRIPTIONS
total $5,448 · management and general $5,080 · fundraising $368
-
24c · Other expenses: ADMIN SUPPLIES
total $4,700 · program services $4,407 · management and general $15 · fundraising $278
-
24d · Other expenses: MISCELLANEOUS
total $1,962 · program services $1,928 · management and general $34
-
24e · All other expenses
total $580 · program services $532 · management and general $48
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $64,136 · end of year $180,012
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
27 · Net assets without donor restrictions
beginning of year $64,136 · end of year $180,012
Mission and programs · 2024
Mission
Philanthropy Kids is dedicated to celebrating and inspiring philanthropy in youth.
-
Philanthropy Kids operates an innovation program, Impact Factory, which works with kids and young adults to design and execute charitable initiatives related to their personal interests and talents. These projects range in scope and style, yet each program participant is provided a variety of resources to practice social entrepreneurship and develop the business leadership skills necessary to successfully grow ideas into full-scale systems. This program also provides professional mentorship to participants that facilitate project completion and provide personal enrichment.
Expenses $351,032 · Grants $1,731 · Revenue $23,521
-
Philanthropy Kids operates an education program, PAVE, that teaches youth about philanthropy, leadership, public communication, and social entrepreneurship. This program primarily partners with schools in North Texas to introduce philanthropic education during class-time and in after-school offerings. This program results in significant behavioral and academic improvements for its participants as evidenced by quantitative and qualitative data we collect.
Expenses $29,706
As filed on the 2024 return.
Listed in Part VII
-
Amit BanerjeeAMIT BANERJEE
CEO
- Total calculated
- $17,793
- From this org
- $17,793
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Nick Marino JrNICK MARINO JR
President
- Total calculated
- $0
- Hours/week
- 2
-
Rebecca GalentineREBECCA GALENTINE
Director
- Total calculated
- $0
- Hours/week
- 1
-
Seth BlockSETH BLOCK
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
Dion HarrisonDION HARRISON
Director
- Total calculated
- $0
- Hours/week
- 1
-
Bora LaciBORA LACI
Director
- Total calculated
- $0
- Hours/week
- 1
-
Tina LinTINA LIN
Director
- Total calculated
- $0
- Hours/week
- 1
-
Kenyatta LovettKENYATTA LOVETT
Director
- Total calculated
- $0
- Hours/week
- 1
-
Teresa SolanoTERESA SOLANO
PRESIDENT-ELECT
- Total calculated
- $0
- Hours/week
- 1
-
Patrick TicknerPATRICK TICKNER
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Tiffanie TovarTIFFANIE TOVAR
Director
- Total calculated
- $0
- Hours/week
- 1
-
Damian WilliamsDAMIAN WILLIAMS
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Reo PruiettREO PRUIETT
Director
- 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
- 2024
- Filed
- 14 April 2025
- IRS schema version
- 2024v5.1
- Source object
- 202531049349302138
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