Kids Chance Inc
- Assets
- $279.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Colfax, NC
- Founding
- 04/2006
- Data as of
- 12/2021
- EIN
- 56-2454264
Organization Overview
Kids Chance Inc is located in Colfax, NC. The organization was established in 2006. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Kids Chance 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, Kids Chance Inc generated $96.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $59.0k during the year ending 12/2021. While expenses have increased by 6.2% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE PURPOSE OF THE ORGANIZATION IS SINGULAR, TO PROVIDE COLLEGE SCHOLARSHIP ASSISTANCE FOR CHILDREN WHO HAVE HAD A PARENT KILLED OR CATASTROPHICALLY INJURED WHILE IN THE COURSE AND SCOPE OF THEIR EMPLOYMENT. TO BE ELIGIBLE FOR FUNDS, THE INJURY OR DEATH MUST BE A WORKERS' COMPENSATION CLAIM VALIDATED BY THE NORTH CAROLINA INDUSTRIAL COMMISSION. FOR ONGOING SCHOLARSHIP PAYMENTS, THE STUDENT MUST MAINTAIN A GPA OF 2.5 AS WELL AS MAINTAIN STATUS AS A FULL-TIME STUDENT WHICH REQUIRES 12 HOURS PER SEMESTER. IN 2021, 11 COLLEGE STUDENTS BENEFITED FROM THE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kara Faust Vice-Preside | 5 | $0 | |
Jennifer Condo President | 5 | $0 | |
Gregory Shue Treasurer | 5 | $0 | |
Dana Genheimer Immediate Pa | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $61,208 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $28 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $35,310 |
| Other Revenue | $0 |
| Total Revenue | $96,546 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $11,600 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $710 |
| Other expenses | $4,234 |
| Total expenses | $59,044 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $279,086 |
| Other assets | $0 |
| Total assets | $279,086 |
| Total liabilities | $646 |
| Net assets or fund balances | $278,440 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kids Chance Inc has recieved totaling $13.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $13 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Beemok Family Foundation Charleston, SC | $51,753,352 | $227,490 |
Golf Club Of Tennessee Kingston Springs, TN | $25,072,540 | $8,179,428 |
Watson-Brown Foundation Inc Thomson, GA | $0 | $9,697,974 |
National Consortium For Graduate Dgrs Minorities In Engineering Alexandria, VA | $15,486,907 | $10,356,249 |
Laura Holland Uzzell Foundation Morrisville, NC | $14,769,987 | $6,660,101 |
Alef Fund Inc Atlanta, GA | $10,107,377 | $6,194,898 |
Bill And Carol Latimer Charitable Foundation Union City, TN | $129,837,485 | $34,799,223 |
Chi Omega Foundation Memphis, TN | $45,483,838 | $7,373,045 |
University Of West Georgia Foundation Inc Carrollton, GA | $86,140,941 | $10,389,838 |
Memphis Teacher Residency Inc Memphis, TN | $5,540,031 | $6,575,161 |
South Carolina Educational Credit For Exceptional Needs Children Fun Columbia, SC | $1,181,238 | $5,546,279 |
Coca-Cola Scholars Foundation Inc Atlanta, GA | $71,605,468 | $31,599,185 |