Form 990 for tax year 2023
Filed by INVEST FOR KIDS INC.
This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.
What the amendment changed
Compared with the latest return for 2023 , filed 4 February 2025. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.
Both are the same on the two returns, so the amendment changed something else.
Totals
- Total revenue
- $2,123,711
- Total expenses
- $2,013,626
- Contributions and grants received
- $2,071,168
- Grants paid
- $1,678,500
- Program service revenue
- $0
- Investment income
- $52,543
- Other revenue
- $0
- Total assets, end of year
- $701,773
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $701,773
- Program services expenses (Part IX)
- $2,008,351
- Management and general expenses
- $5,275
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,008,351
Program services were 99.7% 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
$2,071,168
-
3 · Investment income
total $52,033 · excluded $52,033
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $1,200,000
-
7b · Less cost or other basis and sales expenses
securities $1,199,490
-
7c · Gain or loss
securities $510
-
7d · Net gain or loss
total $510 · excluded $510
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,678,500 · program services $1,678,500
-
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 $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $5,275 · management and general $5,275
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $199,284 · program services $199,284
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $590 · program services $590
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $158 · program services $158
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $108,968 · program services $108,968
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $2,014 · program services $2,014
-
24a · Other expenses: CRM Software
total $9,048 · program services $9,048
-
24b · Other expenses: CC Fee
total $6,116 · program services $6,116
-
24c · Other expenses: Postage and Shipping
total $3,048 · program services $3,048
-
24d · Other expenses: License & Fees
total $230 · program services $230
-
24e · All other expenses
total $395 · program services $395
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $0
-
2 · Savings and temporary cash investments
beginning of year $591,688 · end of year $701,773
-
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 $496,919 · end of year $637,380
-
28 · Net assets with donor restrictions
beginning of year $94,769 · end of year $64,393
Mission and programs · 2023
Mission
To raise funds that will benefit Chicago-area children's charities. The accomplishment of this mission is through an annual conference that raises money by presenting ideas from an elite group of successful investment managers.
-
Funds dispersed to the following organizations to further children's welfare by aiding their missions:Funds dispersed from 2023 Conference:Beat the Streets Chicago $200,000Garfield Park Conservatory Alliance $200,000High Jump $200,000Ignite, Org. $200,000Project VISION, Inc. $200,000Providence Englewood Charter School $200,000Noble Network's Summer of a Lifetime $200,000C.H.A.M.P.S. Male Mentoring $100,000Chicago Scholars $ 73,000INCS $ 35,500Chicago Math & Science Academy $ 30,000DePaul University-Division of A&E R $ 20,000Bloc $ 10,000Harris Theater-ATP $ 10,000
Expenses $2,008,351 · Grants $1,678,500
As filed on the 2023 return.
Listed in Part VII
-
Benjamin Kovler
CEO/Tr/Secr.
- Total calculated
- $0
- Hours/week
- 2
-
Ronald S Levin
President/Dir.
- Total calculated
- $0
- Hours/week
- 20
-
Brian T Burke
CFO/Director
- Total calculated
- $0
- Hours/week
- 3
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
-
$200,000
To aid their exempt purpose
-
$200,000
To aid their exempt purpose
-
$200,000
To aid their exempt purpose
-
$200,000
To aid their exempt purpose
-
$200,000
To aid their exempt purpose
-
$200,000
To aid their exempt purpose
-
$200,000
To aid their exempt purpose
-
$100,000
To aid their exempt purpose
-
$73,000
To aid their exempt purpose
-
$35,500
To aid their exempt purpose
The 10 largest by cash amount. The API serves every itemized grant.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423209349317917
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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