Kids In Need Foundation
- Assets
- $19.5m
- Revenue
- $46.4m
- Investments
- $0.0
- Employees
- 42
- Location
- Roseville, MN
- Founding
- 09/2017
- Data as of
- 12/2023
- EIN
- 82-1078462
Organization Overview
Kids In Need Foundation is located in Roseville, MN. The organization was established in 2017. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 12/2023, Kids In Need Foundation employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kids In Need Foundation 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 In Need Foundation generated $46.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.0%) each year. All expenses for the organization totaled $75.4m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.0%) per year over the past 6 years. 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 CREATE EQUITABLE LEARNING SPACES FOR ALL STUDENTS. KIDS IN NEED FOUNDATION'S PROGRAMS PROVIDE SUPPLIES DIRECTLY TO UNDER-RESOURCED SCHOOLS, REACHING STUDENTS THROUGH THEIR SCHOOLS AND TEACHERS. WHEN SUPPLIES ARE LACKING, THE QUALITY OF EDUCATION IS IN JEOPARDY, AND THAT AFFECTS FUTURE OPPORTUNITIES FOR CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NATIONAL NETWORK OF RESOURCE CENTERS (INCLUDING TWIN CITIES RESOURCE CENTER) - THE FOUNDATION PARTNERS WITH OVER 40 RESOURCE CENTERS ACROSS THE COUNTRY TO HELP DISTRIBUTE MUCH-NEEDED SCHOOL SUPPLIES TO STUDENTS WHO WOULD OTHERWISE GO WITHOUT. THESE ORGANIZATIONS FOCUS ON SCHOOLS WITH HIGH PERCENTAGES OF STUDENTS ENROLLED IN THE FEDERAL FREE AND REDUCED LUNCH PROGRAM. THE RESOURCE CENTERS ARE INDEPENDENTLY OPERATED BY NONPROFIT ORGANIZATIONS THAT MEET THE FOUNDATION'S REQUIREMENTS.
SECOND RESPONDER THE FOUNDATION PROVIDES FREE SCHOOL SUPPLIES TO STUDENTS WHO HAVE BEEN AFFECTED BY A NATURAL DISASTER, SUCH AS A TORNADO, HURRICANE, WILDFIRE, OR FLOOD, TO FACILITATE THEIR RECOVERY FROM THE TRAUMA OF THEIR EXPERIENCES AND HELP THEM RESUME THEIR NORMAL ROUTINES.
SUPPLY A STUDENT: THE FOUNDATION SEEKS SPONSORS TO PROVIDE SCHOOL SUPPLIES TO CHILDREN IN NEED. UNDER THIS PROGRAM, THE FOUNDATION PROVIDES BACKPACKS CONTAINING SCHOOL SUPPLIES FOR CHILDREN IN NEED. THESE SCHOOL SUPPLIES ARE SHIPPED TO VARIOUS SCHOOLS AND APPROVED CHARITIES.
SUPPLY A TEACHER - FOCUSES ON CORE MISSION OF PROVIDING ESSENTIAL SCHOOL SUPPLIES TO THE CLASSROOMS OF CHILDREN MOST IN NEED. SUCCESSFUL APPLICANTS RECEIVE TWO LARGE BOXES CONTAINING A PREDETERMINED ASSORTMENT OF CORE ITEMS WITH A RETAIL VALUE OF APPROXIMATELY $500.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Corey Gordon CEO | Officer | 40 | $238,243 |
Suzanne Werdann Chief Brand Officer | 40 | $175,330 | |
Wade Jones VP Finance & Operations | Officer | 40 | $142,606 |
Paul Wilson VP Of Development | 40 | $131,169 | |
Caitlin Stack Sr Dir National Programs | 40 | $106,289 | |
Bill Briggs Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $157,654 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $46,330,704 |
| Noncash contributions included in lines 1a–1f | $41,012,907 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,488,358 |
| Total Program Service Revenue | $6,000 |
| Investment income | $59,575 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$24,783 |
| Net Income from Fundraising Events | -$95,762 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $46,433,388 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $445,020 |
| Compensation of current officers, directors, key employees. | $197,455 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,366,336 |
| Pension plan accruals and contributions | $83,788 |
| Other employee benefits | $260,361 |
| Payroll taxes | $200,524 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,805 |
| Fees for services: Accounting | $27,576 |
| Fees for services: Lobbying | $101,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $104,019 |
| Advertising and promotion | $13,311 |
| Office expenses | $17,502 |
| Information technology | $143,837 |
| Royalties | $0 |
| Occupancy | $266,320 |
| Travel | $69,671 |
| 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 | $27,206 |
| Insurance | $7,188 |
| All other expenses | $0 |
| Total functional expenses | $75,390,632 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,093,585 |
| Savings and temporary cash investments | $26,411 |
| Pledges and grants receivable | $10,726,925 |
| 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 | $5,389,750 |
| Prepaid expenses and deferred charges | $72,934 |
| Net Land, buildings, and equipment | $66,926 |
| Investments—publicly traded securities | $996,076 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $111,991 |
| Total assets | $19,484,598 |
| Accounts payable and accrued expenses | $270,729 |
| 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 | $144,459 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $117,817 |
| Total liabilities | $533,005 |
| Net assets without donor restrictions | $18,085,367 |
| Net assets with donor restrictions | $866,226 |
| 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 | $19,484,598 |