Kidz Dreamz Klub
- Assets
- $316.5k
- Revenue
- $304.2k
- Investments
- $0.0
- Employees
- 15
- Location
- Lexington, NC
- Founding
- 08/2015
- Data as of
- 12/2022
- EIN
- 47-1220258
Organization Overview
Kidz Dreamz Klub is located in Lexington, NC. The organization was established in 2015. According to its NTEE Classification (P28) the organization is classified as: Neighborhood Centers, under the broad grouping of Human Services and related organizations. As of 12/2022, Kidz Dreamz Klub employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kidz Dreamz Klub 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 12/2022, Kidz Dreamz Klub generated $304.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 20.7% each year . All expenses for the organization totaled $290.7k during the year ending 12/2022. While expenses have increased by 19.8% per year over the past 6 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
OUR VISION IS TO BUILD AN ECOSYSTEM OF WELL-RESOURCED CHILD DEVELOPMENT PROGRAMS FOR INFANTS TODDLERS PRESCHOOLERS AND SCHOOL-AGE CHILDREN AND BECOME A LEADER IN PROVIDING QUALITY CARE FOR THE CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT AFTERSCHOOL PROGRAM AND SUMMER CAMPS FOR SCHOOL-AGED CHILDREN.
REDUCING ADVERSE CHILDHOOD EXPERIENCES RACHEX PROJECT
LOVE'S CHILDCARE CENTER - AN EARLY CHILDHOOD EDUCATION PROGRAM
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Akashambatwa Director | Trustee | 40 | $28,600 |
Patrick Horton Executive Director | OfficerTrustee | 25 | $15,846 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,743 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $118,493 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $121,236 |
| Total Program Service Revenue | $173,977 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,000 |
| 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 | $304,213 |
| 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. | $36,776 |
| Compensation of current officers, directors, key employees. | $36,776 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $106,785 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,590 |
| Payroll taxes | $11,728 |
| Fees for services: Management | $9,295 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,163 |
| 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 | $7,945 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,360 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,692 |
| Interest | $9,772 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,445 |
| Insurance | $7,655 |
| All other expenses | $60,508 |
| Total functional expenses | $290,714 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,410 |
| Savings and temporary cash investments | $10,500 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4 |
| 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 | $192,751 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,815 |
| Total assets | $316,480 |
| Accounts payable and accrued expenses | $2,905 |
| 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 | $3,282 |
| Secured mortgages and notes payable | $157,260 |
| Unsecured mortgages and notes payable | $9,602 |
| Other liabilities | $0 |
| Total liabilities | $173,049 |
| Net assets without donor restrictions | $60,259 |
| Net assets with donor restrictions | $83,172 |
| 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 | $316,480 |