Malivai Washington Kids Foundation Inc
- Assets
- $13.5m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 104
- Location
- Jacksonville, FL
- Founding
- 05/1999
- Data as of
- 06/2023
- EIN
- 59-3559150
Organization Overview
Malivai Washington Kids Foundation Inc is located in Jacksonville, FL. The organization was established in 1999. According to its NTEE Classification (N66) the organization is classified as: Racquet Sports, under the broad grouping of Recreation & Sports and related organizations. As of 06/2023, Malivai Washington Kids Foundation Inc employed 104 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Malivai Washington Kids Foundation 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 06/2023, Malivai Washington Kids Foundation Inc generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $2.3m during the year ending 06/2023. While expenses have increased by 10.5% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE YOUTH DEVELOPMENT PROGRAMS IN AT-RISK NEIGHBORHOODS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMS INCLUDE HOMEWORK ASSISTANCE, MENTORING, TENNIS LESSONS AND LIFE SKILLS CLASSES. SERVICES WERE PROVIDED TO MORE THAN 2500 YOUTH DURING THE FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terri Florio Executive Dir. | OfficerTrustee | 40 | $137,181 |
Bill Hendrich Board Member | Trustee | 1 | $0 |
Irene Wolfe Vice Chair | OfficerTrustee | 1 | $0 |
Travis Cox Exec. Committee | Trustee | 1 | $0 |
Dana Leonard Board Member | Trustee | 1 | $0 |
Carol Lynch Board Member | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $40,353 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $746,156 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,054,275 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,840,784 |
| Total Program Service Revenue | $0 |
| Investment income | $89,753 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $22,787 |
| Net Income from Fundraising Events | $220,072 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,175,978 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $27,321 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $137,181 |
| Compensation of current officers, directors, key employees. | $20,416 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,139,741 |
| Pension plan accruals and contributions | $12,435 |
| Other employee benefits | $89,524 |
| Payroll taxes | $96,104 |
| 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 | $63,476 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $125,882 |
| Travel | $3,243 |
| 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 | $211,133 |
| Insurance | $81,198 |
| All other expenses | $17,805 |
| Total functional expenses | $2,309,483 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,057,214 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $109,228 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,782,607 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $2,557,422 |
| Intangible assets | $0 |
| Other assets | $2,029,734 |
| Total assets | $13,536,205 |
| Accounts payable and accrued expenses | $103,160 |
| 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 | $20,000 |
| Total liabilities | $123,160 |
| Net assets without donor restrictions | $10,990,521 |
| Net assets with donor restrictions | $2,422,524 |
| 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 | $13,536,205 |