Kids Karate
- Assets
- $1.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Newton Center, MA
- Founding
- 07/2002
- Data as of
- 12/2021
- EIN
- 02-0547496
Organization Overview
Kids Karate is located in Newton Center, MA. The organization was established in 2002. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kids Karate is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Kids Karate generated $7.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (22.6%) each year. All expenses for the organization totaled $10.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (19.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
A. TO BENEFIT THE PUBLIC INTEREST BY PROVIDING TOP QUALITY MARTIAL ARTSINSTRUCTION TO LARGE NUMBERS OF CHILDREN AT SUBSTANTIALLY BELOW MARKETPRICE, IN UNDERPRIVILEGED AS WELL AS MIDDLE CLASS AREAS (CONT. ON SCHEDULE O).
A. TO BENEFIT THE PUBLIC INTEREST BY PROVIDING TOP QUALITY MARTIAL ARTSINSTRUCTION TO LARGE NUMBERS OF CHILDREN AT SUBSTANTIALLY BELOW MARKETPRICE, IN UNDERPRIVILEGED AS WELL AS MIDDLE CLASS AREAS (CONT. ON SCHEDULE O).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frederick J Klingmeyer Sr Trustee | 0.1 | $0 | |
Margaret L Klingmeyer Trustee | 0.1 | $0 | |
Richard S Jacobs Director And Trustee | 12 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $7,495 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $7,495 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $6,077 |
| Professional fees and other payments to independent contractors | $929 |
| Occupancy, rent, utilities, and maintenance | $2,400 |
| Printing, publications, postage, and shipping | $27 |
| Other expenses | $1,470 |
| Total expenses | $10,903 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $1,804 |
| Other assets | $0 |
| Total assets | $1,804 |
| Total liabilities | $24,298 |
| Net assets or fund balances | -$22,494 |
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