Gifts For Kids Inc
- Assets
- $79.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Sharon, MA
- Founding
- 10/2005
- Data as of
- 01/2023
- EIN
- 20-3361694
Organization Overview
Gifts For Kids Inc is located in Sharon, MA. The organization was established in 2005. According to its NTEE Classification (P58) the organization is classified as: Gift Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gifts For Kids 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 01/2023, Gifts For Kids Inc generated $94.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (24.4%) each year. All expenses for the organization totaled $81.2k during the year ending 01/2023. As we would expect to see with falling revenues, expenses have declined by (23.7%) per year over the past 3 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
2023
Describe the Organization's Program Activity:
Part 3
GIFTS FOR KIDS INC MATCHED COMMUNITY SPONSORS WITH CHILDREN FROM FAMILIES RECEIVING SUPPORT FROM LOCAL SOCIAL SERVICE AGENCIES. CASH DONATIONS WERE ALSO ACCEPTED AND USED TO PROVIDE GIFTS FOR CHILDREN WHO WERE NOT SPONSORED. A TOTAL OF 1,155 CHILDREN RECEIVED SUPPORT THROUGH GFK
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bonnie Rubenstein Director | 1 | $0 | |
Alison Reid Director | 1 | $0 | |
Pam Morrison Director | 0.5 | $0 | |
Marjorie Weinberger Director | 0.5 | $0 | |
Catherine Sandquist Director | 2 | $0 | |
Sarah Mercuri President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $94,603 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $94,603 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $417 |
| Printing, publications, postage, and shipping | $163 |
| Other expenses | $312 |
| Total expenses | $81,243 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $79,722 |
| Other assets | $0 |
| Total assets | $79,722 |
| Total liabilities | $0 |
| Net assets or fund balances | $79,722 |