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Nonprofiteer
← KARS 4 KIDS INC

Form 990 for tax year 2023

Filed by KARS 4 KIDS INC.

Totals

Total revenue
$89,097,897
Total expenses
$86,661,555
Contributions and grants received
$99,912,838
Grants paid
$36,172,067
Program service revenue
$0
Investment income
$0
Other revenue
-$10,814,941
Total assets, end of year
$35,759,989
Total liabilities, end of year
$4,345,358
Net assets or fund balances, end of year
$31,414,631
Program services expenses (Part IX)
$40,525,749
Management and general expenses
$8,543,176
Fundraising expenses
$37,592,630
Program service expenses (Part III)
$40,525,749

Program services were 46.8% 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.

  • 1d · Related organizations

    $1,253,187

  • 1f · All other contributions, gifts and grants

    $98,659,651

  • 1g · Noncash contributions included above

    $98,342,891

  • 10a · Gross sales of inventory

    $88,127,404

  • 10b · Cost of goods sold

    $98,942,345

  • 10c · Net income from sales of inventory

    total -$10,814,941 · excluded -$10,814,941

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $35,540,567 · program services $35,540,567

  • 3 · Grants to foreign organizations and individuals

    total $631,500 · program services $631,500

  • 5 · Compensation of officers, directors and key employees

    total $300,121 · management and general $181,328 · fundraising $118,793

  • 7 · Other salaries and wages

    total $4,797,733 · program services $234,998 · management and general $3,083,416 · fundraising $1,479,319

  • 10 · Payroll taxes

    total $405,653 · program services $10,535 · management and general $264,303 · fundraising $130,815

  • 11b · Fees: legal

    total $1,834,537 · management and general $1,834,537

  • 11c · Fees: accounting

    total $80,000 · management and general $80,000

  • 11g · Fees: other

    total $383,245 · management and general $383,245

  • 12 · Advertising and promotion

    total $39,673,600 · program services $4,077,808 · management and general $13,007 · fundraising $35,582,785

  • 13 · Office expenses

    total $2,406,523 · program services $11,334 · management and general $2,114,271 · fundraising $280,918

  • 16 · Occupancy

    total $144,086 · management and general $144,086

  • 22 · Depreciation, depletion and amortization

    total $19,007 · program services $19,007

  • 23 · Insurance

    total $189,018 · management and general $189,018

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $255,965 · management and general $255,965

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,321,116 · end of year $2,202,609

  • 3 · Pledges and grants receivable

    beginning of year $1,792,301 · end of year $1,975,704

  • 4 · Accounts receivable

    beginning of year $3,040,460 · end of year $2,070,848

  • 7 · Other notes and loans receivable

    end of year $902,968

  • 8 · Inventories for sale or use

    beginning of year $12,149,124 · end of year $12,142,877

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

    $16,432,935

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

    $225,075

  • 10c · Land, buildings and equipment, net

    beginning of year $15,692,457 · end of year $16,207,860

  • 14 · Intangible assets

    beginning of year $90,000 · end of year $115,907

  • 15 · Other assets

    end of year $141,216

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,046,195 · end of year $4,328,409

  • 25 · Other liabilities

    beginning of year $10,650,584 · end of year $16,949

  • 27 · Net assets without donor restrictions

    beginning of year $19,388,679 · end of year $31,414,631

Mission and programs · 2023

Mission

KARS 4 KIDS, INC. FUNDS EDUCATIONAL AND YOUTH PROGRAMS FOR JEWISH CHILDREN AND FAMILIES IN COMMUNITIES ACROSS THE UNITED STATES. OUR FULL SUITE OF PROGRAMS INCLUDES SCHOOL PLACEMENT AND TUITION ASSISTANCE, MENTORSHIP AND EXTRACURRICULAR PROGRAMS, FAMILY RETREATS AND SUMMER CAMPS. OUR WIDE ARRAY OF SERVICES IS DESIGNED TO IMPACT EVERY ASPECT OF A CHILD'S DEVELOPMENT FROM THE ACADEMIC TO THE SOCIAL AND CULTURAL. THIS HOLISTIC APPROACH INVOLVES SCHOOL, FAMILY AND COMMUNITY WORKING TOGETHER TO DEVELOP OUR YOUTH INTO PRODUCTIVE AND RESPONSIBLE ADULTS.

  • KARS 4 KIDS FUNDS EDUCATIONAL, DEVELOPMENTAL, AND RECREATIONAL PROGRAMS FOR JEWISH YOUTH AND THEIR FAMILIES. OUR GOAL IS TO FOSTER A GENERATION OF WELL-BALANCED, PRODUCTIVE ADULTS. OUR MEANS TO ACCOMPLISH THIS GOAL IS TO PROVIDE CHILDREN AND THEIR FAMILIES WITH A STRONG NETWORK OF PERSONAL GUIDANCE AND EDUCATIONAL RESOURCES, INDIVIDUALIZED TO THEIR NEEDS. OUR WIDE ARRAY OF SERVICES IS DESIGNED TO MAXIMIZE EACH FACET OF A CHILD'S DEVELOPMENT - ACADEMIC, SOCIAL AND CULTURAL.KARS 4 KIDS'S OVERALL AREAS OF ACTIVITY CONSIST OF EDUCATIONAL PROGRAMMING, SCHOOL PLACEMENT, TUITION ASSISTANCE, MENTORSHIP PROGRAMS, CULTURAL ACTIVITIES, WEEKEND RETREATS, RELIGIOUS INSTRUCTION, SUMMER CAMPS, RECREATION AND GUIDANCE COUNSELING.

    Expenses $40,525,749 · Grants $36,172,067

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

Listed in Part VII

  • ELIYOHU MINTZ

    CEO

    Total calculated
    $172,230
    From this org
    $117,650
    From related orgs
    $0
    Other
    $54,580
    Hours/week
    25 + 25 related

    Schedule J breakdown matched by us

    Base
    $117,650
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $26,227 + $28,353 related
    Filer's total
    $143,877 + $28,353 related

  • SHIMSHON BANDMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JOSEPH E WEINBERGER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • REUVEN KANAREK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • JEFFREY RUBIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • SHOSHANA JOSELIT

    SECRETARY/TREASURER

    Total calculated
    $57,693
    From this org
    $57,693
    From related orgs
    $0
    Other
    $0
    Hours/week
    25

  • BENTZION TURIN

    GENERAL COUNSEL

    Total calculated
    $0
    Hours/week
    20 + 17 related

  • ROBERT MOSKOWITZ

    PRESIDENT

    Total calculated
    $137,942
    From this org
    $127,815
    From related orgs
    $0
    Other
    $10,127
    Hours/week
    40

  • ESTHER LANDAU

    COO

    Total calculated
    $149,034
    From this org
    $126,178
    From related orgs
    $0
    Other
    $22,856
    Hours/week
    40

  • DAVID SHWEKY

    SCHEDULE TEAM

    Total calculated
    $101,065
    From this org
    $101,065
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • MARK ARAKANCHI

    MANAGER OF K4K OPERATIONS

    Total calculated
    $127,199
    From this org
    $127,199
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • YISACHAR B BROYDE

    REAL ESTATE DEVELOPMENT

    Total calculated
    $102,796
    From this org
    $102,796
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • DAN LAPAN

    PERFORMANCE & SYSTEM ANALYST

    Total calculated
    $103,829
    From this org
    $103,829
    From related orgs
    $0
    Other
    $0
    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. 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 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • K4K LLC

    REAL ESTATE · DE · income $13,739,647 · assets $18,098,417

    Directly controlled by KARS 4 KIDS INC

  • K4K MEDIA LLC

    ADVERTISING · DE

    Directly controlled by KARS 4 KIDS INC

  • CARSANDMORE2001 LLC

    HOLDING COMPANY · DE · income $1,216,411 · assets $525,787

    Directly controlled by KARS 4 KIDS INC

  • JFY CAPITAL LLC

    HOLDING COMPANY · NJ

    Directly controlled by K4K LLC

  • ROLLING BROOK LLC

    REAL ESTATE · DE

    Directly controlled by K4K LLC

  • CHARITABLE HOLDINGS LLC

    REAL ESTATE · DE

    Directly controlled by K4K LLC

  • RE 4 KIDS LLC

    REAL ESTATE · DE

    Directly controlled by K4K LLC

  • KARS4KIDS HOLDINGS LLC

    REAL ESTATE · DE

    Directly controlled by K4K LLC

  • K4K LTD

    BACK OFFICE · IS · assets $207,927

    Directly controlled by KARS 4 KIDS INC

  • KARS RESOURCES LTD

    BACK OFFICE · IS

    Directly controlled by KARS 4 KIDS INC

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2024
IRS schema version
2023v5.0
Source object
202401369349304895

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