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Nonprofiteer
← KINGSWOOD HOME FOR CHILDREN INC

Form 990 for tax year 2023

Filed by KINGSWOOD HOME FOR CHILDREN INC.

Totals

Total revenue
$2,061,669
Total expenses
$1,311,402
Contributions and grants received
$1,749,360
Grants paid
$0
Program service revenue
$56,525
Investment income
$179,849
Other revenue
$75,935
Total assets, end of year
$4,465,453
Total liabilities, end of year
$121,117
Net assets or fund balances, end of year
$4,344,336
Program services expenses (Part IX)
$1,215,740
Management and general expenses
$93,045
Fundraising expenses
$2,617
Program service expenses (Part III)
$1,215,740

Program services were 92.7% 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

    $1,749,360

  • 1g · Noncash contributions included above

    $84,715

  • 2a · Program service revenue: TITLE I

    total $35,589 · related or exempt $35,589

  • 2b · Program service revenue: USDA SUMMER FEEDING PROGRAM

    total $20,936 · related or exempt $20,936

  • 3 · Investment income

    total $121,423 · excluded $121,423

  • 7a · Gross sales of assets other than inventory

    other assets $65,000

  • 7b · Less cost or other basis and sales expenses

    other assets $6,574

  • 7c · Gain or loss

    other assets $58,426

  • 7d · Net gain or loss

    total $58,426 · related or exempt $58,426

  • 8a · Fundraising events: gross income

    $62,435

  • 8c · Net income from fundraising events

    total $62,435 · excluded $62,435

  • 11a · Other revenue: OTHER INCOME

    total $13,500 · related or exempt $13,500

  • 11e · Other revenue, total

    $13,500

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $636,225 · program services $585,327 · management and general $50,898

  • 9 · Other employee benefits

    total $71,605 · program services $66,343 · management and general $5,262

  • 10 · Payroll taxes

    total $55,509 · program services $51,069 · management and general $4,440

  • 11g · Fees: other

    total $51,638 · program services $48,023 · management and general $3,615

  • 12 · Advertising and promotion

    total $3,776 · program services $3,512 · management and general $264

  • 13 · Office expenses

    total $7,794 · program services $7,170 · management and general $624

  • 16 · Occupancy

    total $75,918 · program services $70,603 · management and general $5,315

  • 19 · Conferences, conventions and meetings

    total $151 · program services $151

  • 22 · Depreciation, depletion and amortization

    total $95,109 · program services $87,500 · management and general $7,609

  • 23 · Insurance

    total $86,387 · program services $80,590 · management and general $5,797

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $80,877 · program services $75,216 · management and general $5,661

  • 24b · Other expenses: CHILDREN'S TUITION

    total $38,536 · program services $38,536

  • 24c · Other expenses: VEHICLE EXPENSE

    total $29,914 · program services $27,820 · management and general $2,094

  • 24d · Other expenses: FOOD EXPENSE

    total $24,679 · program services $24,679

  • 24e · All other expenses

    total $53,284 · program services $49,201 · management and general $1,466 · fundraising $2,617

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $479,309 · end of year $431,737

  • 2 · Savings and temporary cash investments

    beginning of year $34,383 · end of year $34,383

  • 3 · Pledges and grants receivable

    beginning of year $5,107 · end of year $6,162

  • 9 · Prepaid expenses and deferred charges

    beginning of year $20,463 · end of year $10,703

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

    $3,092,653

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

    $2,260,455

  • 10c · Land, buildings and equipment, net

    beginning of year $794,931 · end of year $832,198

  • 11 · Investments: publicly traded securities

    beginning of year $2,327,591 · end of year $3,145,447

  • 15 · Other assets

    beginning of year $1,440 · end of year $4,823

  • 17 · Accounts payable and accrued expenses

    beginning of year $73,118 · end of year $50,223

  • 19 · Deferred revenue

    beginning of year $62,109 · end of year $63,609

  • 25 · Other liabilities

    beginning of year $3,671 · end of year $7,285

  • 27 · Net assets without donor restrictions

    beginning of year $3,524,326 · end of year $4,344,336

Mission and programs · 2023

Mission

Withheld by Nonprofiteer: this text may name a private individual.

Activities or mission (Part I)

Withheld by Nonprofiteer: this text may name a private individual.

  • KINGSWOOD HOME FOR CHILDREN, INC., IS A PRIVATE, RESIDENTIAL HOME FOR CHILDREN AGES 5-18 THAT PROVIDES A SAFE, CHRISTIAN HOME FOR CHILDREN WHO HAVE BEEN ABANDONED, ABUSED, NEGLECTED, OR DISPLACED.

    Expenses $1,215,740 · Revenue $56,525

As filed on the 2023 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Dr Peter Clark

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Chad Gust

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dale Moles

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Joe Morris

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Clark Rucker

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Sheets

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Leah Taylor

    SECRETARY/TR

    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
2023
Filed
18 June 2025
IRS schema version
2023v6.0
Source object
202502049349300140

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