College For Kids Inc
- Assets
- $7.0m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 14
- Location
- West Palm Beach, FL
- Founding
- 03/2007
- Data as of
- 06/2022
- EIN
- 20-8077416
Organization Overview
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 06/2022, Take Stock In Children Pbc employed 14 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 06/2022, Take Stock In Children Pbc generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $1.6m during the year ending 06/2022. While expenses have increased by 7.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO PASSIONATELY PROMOTE SELF-WORTH, PERSONAL RESPONSIBILITY, AND ACADEMIC SUCCESS FOR QUALIFIED, FINANCIALLY AT-RISK STUDENTS THROUGHOUT PALM BEACH COUNTY BY PROVIDING A UNIQUE SET OF RESOURCES WHICH INCLUDES ONE-ON-ONE MENTORING SERVICES, COLLEGE READINESS COACHING, COLLEGE ADVISING, POST-SECONDARY RETENTION SERVICES, AND A GUARANTEED POST-SECONDARY FULL-TUITION COLLEGE SCHOLARSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TAKE STOCK IN CHILDREN PROGRAM HAS EFFECTIVELY PROVIDED A PATHWAY TO SUCCESS FOR UNDERSERVED YOUTH BY PROVIDING STUDENTS WITH THE RESOURCES THEY NEED TO ACHIEVE ACADEMIC SUCCESS. THE PROGRAM ACCOMPLISHES ITS SUCCESS AS A RESULT OF ITS INNOVATIVE MULTI-YEAR PROGRAM MODEL THAT PROVIDES WRAPAROUND SUPPORT SERVICES TO ITS STUDENTS THROUGHOUT THEIR MIDDLE AND HIGH SCHOOL YEARS AND CONTINUES THROUGH POST-SECONDARY COMPLETION. THE AVERAGE LENGTH OF TIME FOR A STUDENT IN THE PROGRAM IS 5 TO 8 YEARS. BY ENROLLING STUDENTS IN 6TH - 9TH GRADE, THE PROGRAM CAN PROVIDE SERVICES AT AN EARLY STAGE. EACH STUDENT IS MATCHED WITH A CARING ADULT MENTOR WHO MEETS WITH THE STUDENT WEEKLY, RECEIVES CONTINUOUS ACADEMIC SUPPORT THROUGHOUT THE YEAR, AND PROVIDES ONGOING COLLEGE READINESS SERVICES THROUGH THEIR ASSIGNED COLLEGE READINESS COACH. UPON HIGH SCHOOL GRADUATION, EACH STUDENT RECEIVES A MINIMUM OF A 2-YEAR FLORIDA PREPAID COLLEGE TUITION SCHOLARSHIP. THROUGHOUT THE SCHOOL YEAR, STUDENTS AND THEIR FAMILIES ATTEND MONTHLY WORKSHOPS GEARED TOWARD AIDING IN SOCIAL/EMOTIONAL ISSUES, OVERCOMING COMMON STRESSORS AND SYSTEM BARRIERS, COMMUNICATION TOOLS, FINANCIAL LITERACY, TUTORING RESOURCES, HIGH SCHOOL PREP PLANS, ETC. STUDENTS ARE ALSO PROVIDED WITH LOCAL COMMUNITY SERVICE OPPORTUNITIES TO PROVIDE STUDENTS WITH MEANINGFUL TASKS THAT AID IN DEVELOPING THEIR INTERESTS, SKILLS, AND TALENTS, ALL WHILE GIVING BACK TO THEIR COMMUNITY. DURING THE STUDENT'S SENIOR YEAR OF HIGH SCHOOL, THEY ARE INTRODUCED TO THE PROGRAM'S COLLEGE RETENTION SPECIALISTS AND BEGIN TO RECEIVE SERVICES TO AID IN THE TRANSITION PERIOD BETWEEN HIGH SCHOOL GRADUATION AND THE STUDENT'S FIRST DAY OF COLLEGE. ONCE THE STUDENT GRADUATES HIGH SCHOOL, THEY CONTINUE TO RECEIVE POST-SECONDARY ACADEMIC ADVISING SERVICES THROUGH POST-SECONDARY COMPLETION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Stellway Executive Di | Officer | 40 | $115,928 |
Lidia Vargas Dir. Of Deve | $109,906 | ||
Evan Bolinski CFA Chair | OfficerTrustee | 1 | $0 |
Mack Perry Vice Chair | OfficerTrustee | 1 | $0 |
Zachary Berg CFP Immediate Pa | OfficerTrustee | 1 | $0 |
Rachel Rego Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $533,014 |
| Related organizations | $0 |
| Government grants | $349,431 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,302,143 |
| Noncash contributions included in lines 1a–1f | $70,289 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,184,588 |
| Total Program Service Revenue | $0 |
| Investment income | -$43,944 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,147,013 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $429,857 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $119,158 |
| Compensation of current officers, directors, key employees. | $23,832 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $553,464 |
| Pension plan accruals and contributions | $17,187 |
| Other employee benefits | $67,318 |
| Payroll taxes | $49,387 |
| 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 | $3,334 |
| Advertising and promotion | $0 |
| Office expenses | $17,917 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $54,056 |
| Travel | $13,780 |
| 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 | $1,230 |
| Insurance | $12,379 |
| All other expenses | $34,443 |
| Total functional expenses | $1,560,803 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,036 |
| Savings and temporary cash investments | $1,906,081 |
| Pledges and grants receivable | $140,762 |
| 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 | $22,505 |
| Net Land, buildings, and equipment | $6,945 |
| Investments—publicly traded securities | $312,779 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,533,008 |
| Total assets | $7,045,116 |
| Accounts payable and accrued expenses | $20,317 |
| 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 | $3,151 |
| Total liabilities | $23,468 |
| Net assets without donor restrictions | $6,418,447 |
| Net assets with donor restrictions | $603,201 |
| 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 | $7,045,116 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that College For Kids Inc has recieved totaling $5,300.
| Awarding Organization | Amount |
|---|---|
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $5,300 |
Endowment Analysis
| Beg. Balance | $28,901 |
| Earnings | -$2,799 |
| Ending Balance | $26,102 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vinik Family Foundation Tampa, FL | $192,173,639 | $29,773,809 |
Hire Heroes Usa Alpharetta, GA | $7,840,449 | $13,205,192 |
Scholarships For Kids Inc Birmingham, AL | $21,791,162 | $14,541,038 |
Apogee Georgia School Choice Scholarship Fund Atlanta, GA | $21,549,156 | $14,581,744 |
Special Operations Warrior Foundation Tampa, FL | $175,400,415 | $16,396,122 |
Inspire Brands Foundation Inc Atlanta, GA | $11,528,068 | $11,993,911 |
Floridamakes Inc Orlando, FL | $1,478,174 | $9,967,367 |
Watson-Brown Foundation Inc Thomson, GA | $0 | $9,697,974 |
Alef Fund Inc Atlanta, GA | $10,107,377 | $6,194,898 |
Broward Education Foundation Inc Fort Lauderdale, FL | $12,469,303 | $5,256,121 |
University Of West Georgia Foundation Inc Carrollton, GA | $86,140,941 | $10,389,838 |
Coca-Cola Scholars Foundation Inc Atlanta, GA | $71,605,468 | $31,599,185 |