Kids Chance Inc
- Assets
- $273.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Colfax, NC
- Founding
- 04/2006
- Data as of
- 12/2023
- 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 12/2023, Kids Chance Inc generated $60.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.8%) each year. All expenses for the organization totaled $61.8k during the year ending 12/2023. 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
2023
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 2023, 12 COLLEGE STUDENTS BENEFITED FROM THE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Darnell President | 0 | $0 | |
Kara Faust Vice-Preside | 0 | $0 | |
James Garrison Treasurer | 0 | $0 | |
Dana Genheimer Immediate Pa | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $41,765 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $17 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $19,046 |
| Other Revenue | $0 |
| Total Revenue | $60,828 |
| 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 | $15,008 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $176 |
| Other expenses | $5,068 |
| Total expenses | $61,752 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $273,772 |
| Other assets | $0 |
| Total assets | $273,772 |
| Total liabilities | $734 |
| Net assets or fund balances | $273,038 |