Kids Chance Of Kentucky Inc
- Assets
- $486.9k
- Revenue
- $169.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 04/2004
- Data as of
- 12/2021
- EIN
- 20-0447512
Organization Overview
Kids Chance Of Kentucky Inc is located in Lexington, KY. The organization was established in 2004. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kids Chance Of Kentucky Inc 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 Chance Of Kentucky Inc generated $169.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $124.9k during the year ending 12/2021. While expenses have increased by 12.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE EDUCATIONAL SCHOLARSHIPS TO CHILDREN OF KENTUCKY WORKERS WHO HAVE BEEN SERIOUSLY OR FATALLY INJURED IN WORK RELATED ACCIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVISION OF EDUCATIONAL SCHOLARSHIPS TO THE CHILDREN OF KENTUCKY WORKERS WHO HAVE BEEN SERIOUSLY OR FATALLY INJURED IN WORK RELATED ACCIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Davis President & Board Member | OfficerTrustee | 1 | $39,639 |
Larry B Clevinger Vice President & Board Mem | OfficerTrustee | 1 | $0 |
Melanie Gabbard Treasurer & Board Member | OfficerTrustee | 1 | $0 |
Bill Londigran Board Member | Trustee | 1 | $0 |
Dr Gregory Gleis Board Member | Trustee | 1 | $0 |
Hon Dwight T Lovan Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $125,404 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $23,290 |
| Noncash contributions included in lines 1a–1f | $125,404 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $148,694 |
| Total Program Service Revenue | $0 |
| Investment income | $8,268 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $80,406 |
| Net Income from Fundraising Events | -$67,855 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $169,513 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $118,425 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $124,913 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $85,259 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $401,689 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $486,948 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $486,948 |
| Total liabilities and net assets/fund balances | $486,948 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Kids Chance Of Kentucky Inc has recieved totaling $18,050.
| Awarding Organization | Amount |
|---|---|
Jewish Federation Of Cleveland Cleveland, OH PURPOSE: GENERAL SUPPORT | $12,250 |
Arizona Community Foundation Phoenix, AZ PURPOSE: PROGRAM SUPPORT | $5,800 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Equity Fund Inc Chicago, IL | $118,912,735 | $59,533,345 |
Education Loan Finance Inc Knoxville, TN | $2,281,627,256 | $227,234,757 |
National Merit Scholarship Corporation Evanston, IL | $183,825,978 | $50,191,294 |
Virginia Student Aid Foundation Charlottesville, VA | $165,530,915 | $45,876,846 |
Evans Scholars Foundation Glenview, IL | $101,873,087 | $62,566,812 |
Cardinal Services Inc Of Indiana Warsaw, IN | $28,675,162 | $26,373,889 |
Horatio Alger Association Of Distinguished Americans Inc Alexandria, VA | $58,355,936 | $27,092,429 |
College Now Greater Cleveland Inc Cleveland, OH | $24,271,314 | $18,465,003 |
Hca Healthcare Foundation Nashville, TN | $97,582,102 | $44,453,527 |
James Madison University Foundation Inc Harrisonburg, VA | $191,139,680 | $18,508,438 |
Marine Corps Scholarship Foundation Inc Alexandria, VA | $149,128,193 | $34,285,716 |
Children Of Fallen Patriots Foundation Reston, VA | $18,264,760 | $13,060,746 |