The Kiwanis Club Of Carefree Benefit Foundation Inc
- Assets
- $4.9m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 17
- Location
- Carefree, AZ
- Founding
- 09/1974
- Data as of
- 09/2023
- EIN
- 86-0643425
Organization Overview
The Kiwanis Club Of Carefree Benefit Foundation Inc is located in Carefree, AZ. The organization was established in 1974. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2023, Kiwanis Club Of Carefree Benefit Foundation Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kiwanis Club Of Carefree Benefit 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 09/2023, Kiwanis Club Of Carefree Benefit Foundation Inc generated $5.4m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 40.5% each year . All expenses for the organization totaled $5.2m during the year ending 09/2023. While expenses have increased by 36.4% per year over the past 5 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.
Since 2019, Kiwanis Club Of Carefree Benefit Foundation Inc has awarded 79 individual grants totaling $2,736,466. 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
TO SERVE THE CHILDREN OF THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS AND GRANTS TO STUDENTS AND ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Moore Director | Trustee | 1 | $0 |
Darrell Doepke Director | Trustee | 1 | $0 |
Geno Orrico Director | Trustee | 1 | $0 |
Diane Dunseath Director | Trustee | 1 | $0 |
John Dione Director | Trustee | 1 | $0 |
Barb Pearse Director | Trustee | 1 | $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 | $2,721,269 |
| Noncash contributions included in lines 1a–1f | $2,700,121 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,721,269 |
| Total Program Service Revenue | $0 |
| Investment income | $49,389 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,865 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,640,538 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,414,061 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $355,206 |
| Grants and other assistance to domestic individuals. | $921,997 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $58,120 |
| Compensation of current officers, directors, key employees. | $58,120 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $523,079 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $72,367 |
| Payroll taxes | $46,668 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,565 |
| Fees for services: Accounting | $42,801 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $27,328 |
| Office expenses | $0 |
| Information technology | $8,294 |
| Royalties | $0 |
| Occupancy | $119,902 |
| 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 | $82,385 |
| Insurance | $27,884 |
| All other expenses | $114,863 |
| Total functional expenses | $5,157,617 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $238,497 |
| Savings and temporary cash investments | $2,327,565 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $894 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $248,945 |
| Prepaid expenses and deferred charges | $13,701 |
| Net Land, buildings, and equipment | $1,933,659 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $181,501 |
| Other assets | $0 |
| Total assets | $4,944,762 |
| Accounts payable and accrued expenses | $150,148 |
| Grants payable | $751,881 |
| 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 | $181,501 |
| Other liabilities | $0 |
| Total liabilities | $1,083,530 |
| Net assets without donor restrictions | $3,861,232 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $4,944,762 |
Grants Awarded
Over the last fiscal year, The Kiwanis Club Of Carefree Benefit Foundation Inc has awarded $693,027 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
CAVE CREEK MUSEUM PURPOSE: Support local nonprofit | $16,517 |
ARIZONA FRIENDS OF FOSTER CHILDREN PURPOSE: Support art education & service | $5,000 |
DESERT FOOTHILLS FAMILY YMCA PURPOSE: Support childrens programs | $175,000 |
DESERT FOOTHILLS ATHLETIC CLUB PURPOSE: Enhance patio | $5,000 |
FOOTHILLS CARING CORPS INC PURPOSE: Support van fleet | $38,413 |
DESERT FOOTHILLS LAND TRUST PURPOSE: Support scouting | $10,797 |