Its 4 The Kids
- Assets
- $474.8k
- Revenue
- $153.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Miami, FL
- Founding
- Data as of
- 12/2023
- EIN
- 84-3340809
Organization Overview
Its 4 The Kids is located in Miami, FL. According to its NTEE Classification (O12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Its 4 The Kids 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, Its 4 The Kids generated $153.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (12.4%) each year. All expenses for the organization totaled $228.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Its 4 The Kids has awarded 11 individual grants totaling $336,377. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ITS4THEKIDS FOUNDATION FOCUSES ON HELPING CHILDREN THAT ARE FACING UNIQUE CHALLENGES TO THEIR HEALTH AND WELL BEING. RICKY PATEL FOUNDED AND ESTABLISHED ITS4THEKIDS FOUNDATION TO HELP WITH CHILDRENS CAUSES. THREE PRIMARY AREAS OF FOCUS OF THIS ORGANIZATION INCLUDE THE GRACIOUS HANDS ORPHANAGE IN HAITI, NICKLAUS CHILDREN'S HOSPITAL IN MIAMI, FLORIDA AND THE PITCH PERFECT PROGRAM AVAILABLE WORLDWIDE TO PITCH AN IDEA TO HELP CHILDREN IN NEED AND HAVE THEIR PROJECT FUNDED. OUR MISSION IS TO PROVIDE A BETTER QUALITY OF LIFE TO ALL CHILDREN THROUGH HANDS ON ASSISTANCE. THIS IS ACCOMPLISHED THOUGH DEVELOPING AND FUNDING NEW INNOVATIVE PROGRAMS AND CREATING EASIER ACCESS TO RESOURCES TO CREATE A COMMUNITY CULTURE OF GIVING BACK. WE STRONGLY BELIEVE THIS WILL PROVIDE CHILDREN THE OPPORTUNITY TO BECOME HEALTHY AND FULFILLED ADULTS WHO COULD THEN HELP OTHERS IN THE COMMUNITY AND AROUND THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOOD AND SUPPLIES WERE SUPPLIED WITH FUNDING FOR HAITI ORPHANAGE
CONTRIBUTION OF BAGS OF ESSENTIALS DONATED TO CHILDREN, CONTRIBUTION FOR ITS4THEKIDS INCENTIVE W/MIAM POLICE, CONTRIBUTIONS OF ARTS & CRAFTS FOR CHILDREN, CONTRIBUTION FOR TUTORING PROGRAM, CONTRIBUTION TO FEED CHILDREN
BAGS OF ESSENTIALS DONATED TO CHILDREN
GENERAL DONATION TO UNDERSERVED CHILDREN IN SOUTH FLORIDA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ricky Patel President | OfficerTrustee | $0 | |
Arti Patel Director | Trustee | $0 | |
Zak Mann Director | Trustee | $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 | $143,255 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $143,255 |
| Total Program Service Revenue | $0 |
| Investment income | $10,162 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $153,417 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $147,284 |
| Grants and other assistance to domestic individuals. | $9,278 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| All other expenses | $18,025 |
| Total functional expenses | $228,771 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,543 |
| Savings and temporary cash investments | $0 |
| 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 | $18,171 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $414,082 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $474,796 |
| Accounts payable and accrued expenses | $6,243 |
| 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 | $6,243 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $468,553 |
| Total liabilities and net assets/fund balances | $474,796 |
Grants Awarded
Over the last fiscal year, Its 4 The Kids has awarded $117,039 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
VISHAL BHAGAT MEMORIAL GOLF TMT PURPOSE: JUVENILE DIABETES | $10,000 |
TEXAS DEPT OF FAMILY PROTECTIVE SER PURPOSE: SUPPLIES FOR FAMILY | $77,339 |
DRUMS OF HOPE - HONDURAS PURPOSE: SUPPLIES TO ORPHANGE | $29,700 |