Tutors For Kids Incorporated
- Assets
- $397.4k
- Revenue
- $29.6k
- Investments
- $0.0
- Employees
- 0
- Location
- The Villages, FL
- Founding
- 05/2012
- Data as of
- 12/2021
- EIN
- 45-4815598
Organization Overview
Tutors For Kids Incorporated is located in The Villages, FL. The organization was established in 2012. According to its NTEE Classification (B90) the organization is classified as: Educational Services, 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. Tutors For Kids Incorporated 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, Tutors For Kids Incorporated generated $29.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (32.5%) each year. All expenses for the organization totaled $18.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (36.1%) per year over the past 6 years. 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
VOLUNTEER ONE-ON-ONE TUTORING IN LOCAL SCHOOLS (11 ELEMENTARY AND 1 MIDDLE SCHOOL) - FOR READING AND MATH. DISTRIBUTING NEW BOOKS TO THE CHILDREN IN THE SCHOOLS WHERE WE TUTOR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STARTING IN MARCH 2020, BECAUSE OF THE COVID PANDEMIC, TUTORS FOR KIDS WAS NOT PERMITTED TO GO TO THE SCHOOLS; THEREFORE THE 475 VOLUNTEER TUTORS WERE "FURLOUGHED". DURING 2021 AS SCHOOLS LIFTED RESTRICTIONS, SOME TUTORS RETURNED TO SCHOOLS AND DISTRIBUTED BOOKS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Russo Chair Emeritus | OfficerTrustee | 10 | $0 |
Rhonda Casey Chair | OfficerTrustee | 15 | $0 |
Eileen Honohan Vice Chair | OfficerTrustee | 15 | $0 |
Shirley Potts Treasurer | OfficerTrustee | 15 | $0 |
Glendon Moyer Recording Secretary | OfficerTrustee | 2 | $0 |
Martha Friedman Director | Trustee | 2 | $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 | $21,344 |
| Noncash contributions included in lines 1a–1f | $4,275 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,344 |
| Total Program Service Revenue | $0 |
| Investment income | $8,252 |
| 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 | $29,596 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $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 | $286 |
| Information technology | $5,668 |
| 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 | $652 |
| All other expenses | $11,919 |
| Total functional expenses | $18,525 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,690 |
| Savings and temporary cash investments | $105,188 |
| 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 | $215,247 |
| 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 | $66,318 |
| Total assets | $397,443 |
| 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 | $397,443 |
| Total liabilities and net assets/fund balances | $397,443 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Tutors For Kids Incorporated has recieved totaling $2,845.
| Awarding Organization | Amount |
|---|---|
The Duke Energy Foundation Charlotte, NC PURPOSE: VIBRANT ECONOMIES | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $345 |
Endowment Analysis
| Earnings | $8,247 |
| Net Contributions | $50,000 |
| Ending Balance | $58,247 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hillsborough Education Foundation Inc Tampa, FL | $10,731,665 | $10,065,447 |
The Cottage School Educational Resource Center Inc Roswell, GA | $19,413,651 | $9,463,796 |
Slam Foundation Inc Miami, FL | $8,480,329 | $6,817,017 |
Healthmpowers Inc Norcross, GA | $4,830,831 | $6,606,779 |
Renaissance Learning Center Inc Jupiter, FL | $2,830,246 | $5,315,115 |
South Florida Bible College & Theological Seminary Deerfield Beach, FL | $14,829,232 | $12,057,041 |
Innovations For Learning Inc Odessa, FL | $7,585,037 | $2,086,723 |
Florida League Of International Baccalaureate Schools Inc Clearwater, FL | $1,934,067 | $2,961,719 |
Library And Information Resources Network Inc Clearwater, FL | $1,570,735 | $3,169,409 |
Lighthouse Academies Land O Lakes, FL | $3,426,213 | $3,123,865 |
Impact Florida Inc Tallahassee, FL | $2,740,879 | $3,235,545 |
Academy Prep Center Of Tampa Inc Tampa, FL | $7,772,771 | $3,246,003 |