Kiwanis Club Of Bradenton Foundation Inc
- Assets
- $14.6m
- Revenue
- $936.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Bradenton, FL
- Founding
- 11/1998
- Data as of
- 09/2021
- EIN
- 65-0221660
Organization Overview
Kiwanis Club Of Bradenton Foundation Inc is located in Bradenton, FL. The organization was established in 1998. 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. Kiwanis Club Of Bradenton 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 09/2021, Kiwanis Club Of Bradenton Foundation Inc generated $936.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $619.4k during the year ending 09/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE FOUNDATION IS TO OPERATE A CHARITABLE FOUNDATION TO ACCEPT DONATIONS; TO MANAGE THE INVESTMENTS DERIVED FROM THE DONATIONS; AND TO EXPEND THE INCOME DERIVED FROM SUCH INVESTMENTS TO ASSIST NEEDY PERSONS, PARTICULARLY YOUNG PEOPLE, IN ATTAINING VOCATIONAL EXCELLENCE, AND TO AID HANDICAPPED PERSONS IN REGAINING HAPPY, USEFUL LIVES, EITHER DIRECTLY OR BY FURNISHING THE FUNDS TO OTHER ORGANIZATIONS ORGANIZED FOR CHARITABLE, EDUCATIONAL, RELIGIOUS OR OTHER QUALIFIED PUBLIC PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KIWANIS CLUB OF BRADENTON, INC (A SUPPORTING ORGANIZATION) - WHICH PRACTICES THE HIGH PRINCIPLES AND IDEALS OF KIWANIS INTERNATIONAL AND TO FURTHER THE COMMON GOOD AND GENERAL WELFARE OF THE PEOPLE OF FLORIDA, BY FUNDING THE CHARITABLE INITIATIVE OF THE KIWANIS CLUB OF BRADENTON TO QUALIFIED CHARITABLE ORGANIZATIONS.
TO ASSIST AT-RISK FAMILIES,WITH AN EMPHASIS ON YOUNG PEOPLE, IN ATTAINING VOCATIONS EXCELLENCE, AND TO AID HANDICAPPED PERSONS IN REGAINING HAPPY, USEFUL LIVES,BY FURNISHING THE FUNDS TO OTHER ORGANIZATIONS ORGANIZED FOR CHARITABLE, EDUCATIONAL, RELIGIOUS OR OTHER QUALIFIED PUBLIC PURPOSES WITHIN THE MEANING OF SECTIONS 501(C)(3) OF THE INTERNAL REVENUE CODE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon Barhorst Secretary | OfficerTrustee | 4 | $0 |
Byron Shinn President | OfficerTrustee | 4 | $0 |
Betsy Benac Vice President | OfficerTrustee | 4 | $0 |
Janene Amick Treasurer | OfficerTrustee | 4 | $0 |
John Tucker Jr Director | Trustee | 4 | $0 |
Jason Bartz Director | Trustee | 4 | $0 |
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 | $16,750 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,750 |
| Total Program Service Revenue | $0 |
| Investment income | $449,150 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $470,127 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $936,027 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,400 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $32,779 |
| Fees for services: Other | $28,630 |
| Advertising and promotion | $0 |
| Office expenses | $673 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $3,202 |
| All other expenses | $0 |
| Total functional expenses | $619,361 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,102 |
| Savings and temporary cash investments | $638,585 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $13,943,815 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,601,502 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $14,598,455 |
| Net assets with donor restrictions | $3,047 |
| 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 | $14,601,502 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Kiwanis Club Of Bradenton Foundation Inc has recieved totaling $18,584.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Sarasota County Inc Sarasota, FL PURPOSE: GENERAL SUPPORT | $10,853 |
Manatee Community Foundation Inc Bradenton, FL PURPOSE: GENERAL SUPPORT, SCHOLARSHIPS | $7,731 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Goal Scholarship Program Inc Peachtree Corners, GA | $58,000,031 | $45,569,079 |
Georgia State University Athletic Association Inc Atlanta, GA | $12,025,331 | $28,251,593 |
Vinik Family Foundation Tampa, FL | $192,173,639 | $29,773,809 |
Hire Heroes Usa Alpharetta, GA | $7,840,449 | $13,205,192 |
Scholarships For Kids Inc Birmingham, AL | $21,791,162 | $14,541,038 |
Apogee Georgia School Choice Scholarship Fund Atlanta, GA | $21,549,156 | $14,581,744 |
Special Operations Warrior Foundation Tampa, FL | $175,400,415 | $16,396,122 |
Inspire Brands Foundation Inc Atlanta, GA | $11,528,068 | $11,993,911 |
Floridamakes Inc Orlando, FL | $1,478,174 | $9,967,367 |
Watson-Brown Foundation Inc Thomson, GA | $0 | $9,697,974 |
Alef Fund Inc Atlanta, GA | $10,107,377 | $6,194,898 |
Broward Education Foundation Inc Fort Lauderdale, FL | $12,469,303 | $5,256,121 |