College For Kids Inc, operating under the name Take Stock In Children Pbc, is located in West Palm Beach, FL. The organization was established in 2007. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2024, Take Stock In Children Pbc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Take Stock In Children Pbc 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 06/2024, Take Stock In Children Pbc generated $4.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.6% each year . All expenses for the organization totaled $1.5m during the year ending 06/2024. While expenses have increased by 1.5% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TAKE STOCK IN CHILDREN PALM BEACH COUNTY (PBC) RECEIVED AN EXTRAORDINARY, ONE-TIME UNRESTRICTED GIFT OF 1 MILLION FROM AMAZON CO-FOUNDER MACKENZIE SCOTT IN THE FISCAL YEAR ENDING JUNE 30, 2024. THIS GIFT WAS PART OF A LARGER 640 MILLION DONATION SHARED AMONG 361 SMALL NONPROFIT ORGANIZATIONS. THIS EXTRAORDINARY CONTRIBUTION SIGNIFICANTLY SUPPORTS OUR MISSION AND WILL HELP US EXPAND OUR REACH AND IMPACT IN THE COMMUNITY. OUR MISSION IS TO PASSIONATELY PROMOTE PERSONAL RESPONSIBILITY AND ACADEMIC SUCCESS FOR AT-RISK PALM BEACH COUNTY YOUTH THROUGH A WRAPAROUND, EVIDENCE-BASED PROGRAM MODEL EQUIPPED WITH MENTORING, COLLEGE READINESS, SCHOLARSHIPS, AND COLLEGE RETENTION SERVICES. IN THE 2024 FISCAL YEAR, WE SERVED 1,334 STUDENTS ACROSS 57 PALM BEACH COUNTY SCHOOLS, WITH 456 VOLUNTEER MENTORS. NOTABLY, 100% OF OUR STUDENTS ARE AT OR BELOW THE FEDERAL POVERTY RATE. OUR PROGRAM'S EFFECTIVENESS IS DEMONSTRATED BY AN UNRIVALED 100% HIGH SCHOOL GRADUATION RATE AND A 96% COLLEGE ENROLLMENT RATE,
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAKE STOCK IN CHILDREN PALM BEACH COUNTY IS DEDICATED TO PROMOTING PERSONAL RESPONSIBILITY AND ACADEMIC SUCCESS FOR AT-RISK YOUTH THROUGH A COMPREHENSIVE, EVIDENCE-BASED PROGRAM MODEL. OUR INNOVATIVE MULTI-YEAR APPROACH PROVIDES WRAPAROUND SUPPORT SERVICES TO STUDENTS THROUGHOUT THEIR MIDDLE AND HIGH SCHOOL YEARS, CONTINUING THROUGH POST-SECONDARY COMPLETION. STUDENTS, TYPICALLY ENROLLED FROM 6TH TO 9TH GRADE, PARTICIPATE FOR AN AVERAGE OF 5 TO 8 YEARS. EACH STUDENT IS MATCHED WITH A CARING ADULT MENTOR FOR WEEKLY MEETINGS, RECEIVES CONTINUOUS ACADEMIC SUPPORT, AND BENEFITS FROM ONGOING COLLEGE READINESS SERVICES PROVIDED BY ASSIGNED COLLEGE READINESS COACHES. UPON HIGH SCHOOL GRADUATION, STUDENTS RECEIVE A MINIMUM 2-YEAR FLORIDA PREPAID COLLEGE TUITION SCHOLARSHIP. THROUGHOUT THE SCHOOL YEAR, WE OFFER MONTHLY WORKSHOPS FOR STUDENTS AND FAMILIES, ADDRESSING SOCIAL/EMOTIONAL ISSUES, COMMON STRESSORS, SYSTEM BARRIERS, COMMUNICATION TOOLS, FINANCIAL LITERACY, AND ACADEMIC PREPARATION. WE ALSO PROVIDE LOCAL COMMUNITY SERVICE OPPORTUNITIES TO DEVELOP STUDENTS' INTERESTS, SKILLS, AND TALENTS WHILE FOSTERING COMMUNITY ENGAGEMENT. IN THE SENIOR YEAR, STUDENTS ARE INTRODUCED TO COLLEGE RETENTION SPECIALISTS WHO ASSIST WITH THE TRANSITION TO HIGHER EDUCATION AND CONTINUE TO PROVIDE POST-SECONDARY ACADEMIC ADVISING THROUGH COMPLETION. IN FISCAL YEAR 2024, WE SERVED 1,334 STUDENTS ACROSS 57 PALM BEACH COUNTY SCHOOLS AND COLLEGE CAMPUSES, AN INCREASE FROM 1,266 IN FY 2023, WITH SUPPORT FROM 456 VOLUNTEER MENTORS. 100% OF STUDENTS ARE AT OR BELOW THE FEDERAL POVERTY RATE. OUR PROGRAM'S SUCCESS IS EVIDENT IN OUR 100% HIGH SCHOOL GRADUATION RATE AND 96% COLLEGE ENROLLMENT RATE, SIGNIFICANTLY CONTRIBUTING TO THE ECONOMIC VIABILITY OF OUR COMMUNITY. THIS YEAR, WE RECEIVED AN EXTRAORDINARY, ONE-TIME UNRESTRICTED GIFT OF 1 MILLION FROM MACKENZIE SCOTT, WHICH WILL HELP US EXPAND OUR REACH AND IMPACT, FURTHERING OUR MISSION TO PROVIDE EDUCATIONAL OPPORTUNITIES AND SUPPORT FOR AT-RISK YOUTH IN PALM BEACH COUNTY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Evan Bolinski CFA Chair | OfficerTrustee | 1 | $0 |
Mack Perry Vice Chair | OfficerTrustee | 1 | $0 |
Eric Ray Secretary | OfficerTrustee | 1 | $0 |
Cj Janney Treasurer | OfficerTrustee | 1 | $0 |
Zachary Berg CFP Immediate Pa | OfficerTrustee | 1 | $0 |
Shiva Ahrens Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $371,781 |
Related organizations | $0 |
Government grants | $262,716 |
All other contributions, gifts, grants, and similar amounts not included above | $3,777,703 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $4,412,200 |
Total Program Service Revenue | $0 |
Investment income | $102,534 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | -$16,568 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $4,503,212 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $84,581 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $134,588 |
Compensation of current officers, directors, key employees. | $26,917 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $692,998 |
Pension plan accruals and contributions | $18,407 |
Other employee benefits | $74,907 |
Payroll taxes | $64,248 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $12,500 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $3,226 |
Advertising and promotion | $0 |
Office expenses | $27,130 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $49,197 |
Travel | $30,590 |
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 | $944 |
Insurance | $13,430 |
All other expenses | $37,226 |
Total functional expenses | $1,524,113 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $119,491 |
Savings and temporary cash investments | $641,233 |
Pledges and grants receivable | $1,622,608 |
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 | $26,163 |
Net Land, buildings, and equipment | $5,034 |
Investments—publicly traded securities | $3,585,269 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $5,797,274 |
Total assets | $11,797,072 |
Accounts payable and accrued expenses | $65,131 |
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 | $76,091 |
Total liabilities | $141,222 |
Net assets without donor restrictions | $9,499,365 |
Net assets with donor restrictions | $2,156,485 |
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 | $0 |
Total liabilities and net assets/fund balances | $11,797,072 |