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Nonprofiteer
← KFACT

Form 990 for tax year 2023

Filed by KFACT.

Totals

Total revenue
$290,489
Total expenses
$310,912
Contributions and grants received
$290,489
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$12,405
Total liabilities, end of year
$54,271
Net assets or fund balances, end of year
-$41,866
Program services expenses (Part IX)
$295,317
Management and general expenses
$15,595
Fundraising expenses
$0
Program service expenses (Part III)
$295,317

Program services were 95.0% 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.

  • 1e · Government grants (contributions)

    $82,082

  • 1f · All other contributions, gifts and grants

    $208,407

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $142,496 · program services $128,246 · management and general $14,250

  • 10 · Payroll taxes

    total $7,300 · program services $6,570 · management and general $730

  • 12 · Advertising and promotion

    total $694 · program services $694

  • 13 · Office expenses

    total -$156 · program services -$140 · management and general -$16

  • 16 · Occupancy

    total $15,736 · program services $15,736

  • 22 · Depreciation, depletion and amortization

    total $1,499 · program services $1,499

  • 23 · Insurance

    total $4,259 · program services $3,834 · management and general $425

  • 24a · Other expenses: PROGRAM DEVELOPMENT

    total $51,455 · program services $51,455

  • 24b · Other expenses: MSP PROGRAM EXPENSES

    total $28,589 · program services $28,589

  • 24c · Other expenses: TRANSPORTATION

    total $25,347 · program services $25,347

  • 24d · Other expenses: HSP PROGRAM EXPENSES

    total $17,813 · program services $17,813

  • 24e · All other expenses

    total $15,880 · program services $15,674 · management and general $206

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year -$3,234

  • 2 · Savings and temporary cash investments

    beginning of year $7,000 · end of year $7,000

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

    $17,033

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

    $11,628

  • 10c · Land, buildings and equipment, net

    beginning of year $6,903 · end of year $5,405

  • 17 · Accounts payable and accrued expenses

    end of year $22,889

  • 24 · Unsecured notes and loans payable

    beginning of year $32,112 · end of year $29,652

  • 25 · Other liabilities

    beginning of year $0 · end of year $1,730

  • 27 · Net assets without donor restrictions

    beginning of year -$23,428 · end of year -$43,851

  • 28 · Net assets with donor restrictions

    beginning of year $1,985 · end of year $1,985

Mission and programs · 2023

Mission

KFACT SPECIALIZES IN PROVIDING AN ARRAY OF HOLISTIC COMPREHENSIVE SERVICES: SCHOOL BASED PREVENTION EDUCATION GROUPS, INTERVENTION SERVICES, YOUTH DEVELOPMENT PROGRAMS, YOUTH ADVOCACY, COLLEGE AND CAREER MENTORSHIP, TRANSITIONAL ASSISTANCE FROM HIGH SCHOOL TO POST-SECONDARY EDUCATION AND ONGOING SUPPORT THROUGH E-MENTORING.

  • BUILDING HEALTHY FUTURES - EVERY YEAR, KEEPING FAMILIES AND COMMUNITIES TOGETHER (KFACT) SERVES OVER 100 GIRLS THROUGH ITS LADY ALL STARS MENTORING PROGRAM. WITH A MISSION TO EMPOWER YOUNG WOMEN, KFACT HAS A 98% RETENTION RATE, A 100% HIGH SCHOOL GRADUATION RATE, AND 92% OF THE GIRLS MOVE ON TO POST-SECONDARY EDUCATION.

    Expenses $295,317

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

Listed in Part VII

  • Rebecca Newgren

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Heather Kinsey

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Crystal Matlock

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Shamika Williams

    CEO

    Total calculated
    $0
    Hours/week
    40

  • Delicia Harris

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

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
13 January 2025
IRS schema version
2023v6.0
Source object
202500159349300650

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