Kaboom Inc
- Assets
- $34.1m
- Revenue
- $14.8m
- Investments
- $0.0
- Employees
- 76
- Location
- Bethesda, MD
- Founding
- 05/1996
- Data as of
- 12/2022
- EIN
- 52-1970904
Organization Overview
Kaboom Inc is located in Bethesda, MD. The organization was established in 1996. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Kaboom Inc employed 76 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kaboom 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 12/2022, Kaboom Inc generated $14.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (13.7%) each year. All expenses for the organization totaled $17.6m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (10.1%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Kaboom Inc has awarded 229 individual grants totaling $4,492,380. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
KABOOM!, INC. IS THE NATIONAL NONPROFIT, THAT WORKS TO END PLAYSPACE INEQUITY. SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIRECT IMPACT OFFERINGS - KABOOM! SEEKS TO END PLAYSPACE INEQUITY BY ADDRESSING DISPARITIES IN ACCESS TO QUALIFY PLACES TO PLAY. KABOOM! PLAYSPACES INCLUDE PLAYSPACE PROJECTS (PLAYGROUNDS, MULTISPORT COURTS, AND ADVENTURE COURSES) AND PLAY EVERYWHERE GRANTS, EACH DESIGNED TO MEET THE UNIQUE NEEDS AND DESIRES OF THE COMMUNITIES KABOOM! WORKS WITH. SEE SCHEDULE O.
THOUGHT LEADERSHIP - THROUGH MEDIA OPPORTUNITIES, CONFERENCE ATTENDANCE AND DEVELOPING RELATIONSHIPS WITH INFLUENCERS, FUNDERS, CITY LEADERS AND COMMUNITY ADVOCATES, KABOOM! SEEKS TO LEAD THE CONVERSATION AND DRIVE COMMUNICATIONS TO SUPPORT THE ADVANCEMENT OF ITS MISSION AND TO EDUCATE AND INSPIRE STAKEHOLDERS AND COMMUNITIES TO TAKE ACTION TO ENSURE KIDS HAVE THE OPPORTUNITIES TO THRIVE. SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jake Siewert Board Chair (until Nov 2022) | OfficerTrustee | 1.75 | $0 |
Lynn M Ross Board Chair (from Nov 2022) | OfficerTrustee | 1.75 | $0 |
Ladan Manteghi Board Vice Chair (from Nov 2022) | OfficerTrustee | 1.75 | $0 |
Eric Rothman Board Treasurer | OfficerTrustee | 1.5 | $0 |
Eric Wayne Board Secretary | OfficerTrustee | 1.5 | $0 |
Michael Araten Member | Trustee | 1.75 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Signal Group Government Relations And Strategic Manag | 12/30/22 | $127,000 |
Orr Group Inc Campaign Strategy & Support Services | 12/30/22 | $177,500 |
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 | $6,087,900 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,087,900 |
| Total Program Service Revenue | $7,689,784 |
| Investment income | $545,603 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $390,123 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,775,995 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $145,083 |
| 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. | $613,621 |
| Compensation of current officers, directors, key employees. | $56,685 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,724,721 |
| Pension plan accruals and contributions | $242,386 |
| Other employee benefits | $975,035 |
| Payroll taxes | $439,906 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $27,961 |
| Fees for services: Accounting | $60,180 |
| Fees for services: Lobbying | $33,908 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $139,179 |
| Fees for services: Other | $1,346,102 |
| Advertising and promotion | $30,562 |
| Office expenses | $173,547 |
| Information technology | $226,067 |
| Royalties | $0 |
| Occupancy | $733,365 |
| Travel | $397,968 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,384 |
| Interest | $22,913 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $156,186 |
| Insurance | $93,204 |
| All other expenses | $13,541 |
| Total functional expenses | $17,558,280 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,101,381 |
| Pledges and grants receivable | $2,569,938 |
| Accounts receivable, net | $300,620 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $18,353 |
| Prepaid expenses and deferred charges | $206,717 |
| Net Land, buildings, and equipment | $1,738,532 |
| Investments—publicly traded securities | $22,602,492 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,553,470 |
| Total assets | $34,091,503 |
| Accounts payable and accrued expenses | $1,715,758 |
| Grants payable | $77,608 |
| Deferred revenue | $2,306,957 |
| 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 | $150,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,314,559 |
| Total liabilities | $11,564,882 |
| Net assets without donor restrictions | $17,547,399 |
| Net assets with donor restrictions | $4,979,222 |
| 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 | $34,091,503 |
Grants Awarded
Over the last fiscal year, Kaboom Inc has awarded $145,083 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
SHUMWAY LEADERSHIP ACADEMYCHANDLER USD PURPOSE: PLAY PRODUCTS-RIGAMAJIG | $6,432 |
BOYS & GIRLS CLUB OF RUSK COUNTY PURPOSE: PLAY PRODUCTS-RIGAMAJIG | $6,002 |
THE NEIGHBORHOOD CENTER PURPOSE: PLAY PRODUCTS-RIGAMAJIG | $6,189 |
HARAMBE CHRISTIAN SCHOOL PURPOSE: PLAY PRODUCTS-RIGAMAJIG | $6,271 |
SARA HOLBROOK COMMUNITY CENTER PURPOSE: PLAY PRODUCTS-RIGAMAJIG | $6,197 |
FIRST TEE-GREATER PHILADELPHIA PURPOSE: PLAY PRODUCTS-RIGAMAJIG | $6,194 |