Invest For Kids Inc
- Assets
- $849.5k
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 09/2009
- Data as of
- 12/2021
- EIN
- 27-0826182
Organization Overview
Invest For Kids Inc is located in Chicago, IL. The organization was established in 2009. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund 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. Invest 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 12/2021, Invest For Kids Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Invest For Kids Inc has awarded 31 individual grants totaling $2,396,840. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE FUNDS THAT WILL BENEFIT CHICAGO-AREA CHILDREN'S CHARITIES. THE ACCOMPLISHMENT OF THIS MISSION IS THROUGH AN ANNUAL CONFERENCE THAT RAISES MONEY BY PRESENTING IDEAS FROM AN ELITE GROUP OF SUCCESSFUL INVESTMENT MANAGERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDS DISPERSED TO THE FOLLOWING ORGANIZATIONS TO FURTHER CHILDREN'S WELFARE BY AIDING THEIR MISSIONS:FUNDS DISPERSED FROM 2021 CONFERENCE:CATALYST SCHOOLS $190,000FRIENDS OF THE CHILDREN - CHICAGO $190,000JUVENILE PROTECTIVE ASSOCIATION $190,000LINK UNLIMITED SCHOLARS $190,000THRIVE SCHOLARS $100,000TRUE STAR FOUNDATION INC. $ 20,000GEM-IFK VENTURE FOR EDUCATIONAL SUPPORT $ 41,000ILLINOIS NETWORK OF CHARTER SCHOOLS $ 35,500HARRIS THEATER-ATP $ 5,000CHICAGO SCHOLARS $ 54,000RESIDUAL FUNDS DISPERSED FROM 2020 CONFERENCE:BOTTOM LINE $ 10,000BRAVEN INC $ 5,000URBAN PREP ACADEMIES $ 10,000VOCEL $ 10,000YOUNG MEN'S EDUCATIONAL NETWORK $ 10,000
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian T Burke Cfo/director | OfficerTrustee | 3 | $0 |
Ronald S Levin President/dir. | OfficerTrustee | 18 | $0 |
Benjamin Kovler Ceo/tr/secr. | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,726,576 |
| Noncash contributions included in lines 1a–1f | $139,505 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,726,576 |
| Total Program Service Revenue | $0 |
| Investment income | $47 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $344 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,726,967 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,060,500 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $4,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $129,042 |
| Advertising and promotion | $4,000 |
| Office expenses | $1,682 |
| 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 | $101,864 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,744 |
| All other expenses | $201 |
| Total functional expenses | $1,310,260 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $849,493 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $849,493 |
| 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 | $745,327 |
| Net assets with donor restrictions | $104,166 |
| 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 | $849,493 |
Grants Awarded
Over the last fiscal year, Invest For Kids Inc has awarded $1,050,500 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
Evanston, IL PURPOSE: To aid their exempt purpose | $190,000 |
Chicago, IL PURPOSE: To aid their exempt purpose | $190,000 |
Chicago, IL PURPOSE: To aid their exempt purpose | $190,000 |
Chicago, IL PURPOSE: To aid their exempt purpose | $190,000 |
Boston, MA PURPOSE: To aid their exempt purpose | $100,000 |
Chicago, IL PURPOSE: To aid their exempt purpose | $54,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Invest For Kids Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Kleinmuntz Family Foundation Chicago, IL PURPOSE: CHILDREN'S CHARITIES | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lodgic Holdings Inc Mooseheart, IL | $17,554,057 | $6,408,971 |
Illinois Childrens Healthcare Foundation Oak Brook, IL | $172,838,273 | $9,428,256 |
Childserve Foundation Inc Johnston, IA | $15,317,194 | $6,918,113 |
Iowa Community Action Association Des Moines, IA | $753,837 | $3,823,427 |
Share Our Spare Chicago, IL | $1,000,301 | $3,535,972 |
Lux Family Foundation St Louis, MO | $0 | $335,497 |
Voice Of Judah Israel Inc Fort Wayne, IN | $1,559,331 | $3,178,865 |
Cornerstone Of Hope Inc Paducah, KY | $781,400 | $2,454,747 |
Virginia Henry Charitable Trust 0403231952 Po Box Chicago, IL | $27,737,979 | $3,536,006 |
American Warrior Initiative Inc Madison, WI | $3,298,583 | $1,806,705 |
Chaddock Childrens Foundation Quincy, IL | $5,809,375 | $1,961,321 |
Chicago White Sox Charities Inc Chicago, IL | $4,778,883 | $3,310,890 |