Children's Campus Inc

Nonprofit profile at a glance

EIN
271299380
IRS 990 coverage
2010–2016
Forms available
Form 990 2016
Location
Kansas City, KS, USA
Phone
9132812648
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Children's, Youth Services

Official website

Reported finances

Revenue
$904,003
Expenses
$1,164,063
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2016. Amounts in USD.

Leadership & pay

16 people listed

Executive titles in this filing

  • BETTY SHELTON (PRESIDENT)

People named in this filing

  • BETTY SHELTON (PRESIDENT)
  • MORRIS JERY NUNN (SECRETARY)
  • W TERRANCE BROWN (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2016. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of the cci, incorporated in 2009, is to assure that children birth to five years of age who are most at risk for academic failure access the resources they need to succeed.

What it reported doing in 2016

Acquisition of federal new markets tax credits and financing for the cckc building: during fy 2010, the children's campus of Kansas city, inc. (cckc) and children's campus, inc. (cci) closed on a new markets tax credits transaction. Cckc served as the leverage lender in a $10,112,951 loan agreement with nmi 47 investment fund, llc (nmi). Cci served as the qalicb and entered into a loan payable agreement with nmi for $13,279,916. As stated in the qalicb loan agreement, cci paid quarterly interest and management fees on the qalicb loan. The federal new markets tax credits played a key role in financing the completion of the cckc building. On december 8, 2016, u.s. Bancorp community development corporation (usb), the tax credit investor, exercised its put option allowing usb to sell its ownership interest in nmi, resulting in the transfer of the $13,279,916 loan payable to nmi to cckc. Cckc subsequently forgave the cci loan payable, and the transaction also resulted in the forgiveness of the cckc leverage loan. The difference between the the forgiveness of the $13,279,916 loan payable and $10,112,951 note receivable was recognized as contribution revenue by cckc in the amount of $3,166,965. Cci also took out a construction loan to finance the remaining building costs. Monthly principal and interest payments are being made on the construction mortgage.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 90
  • Accountability: 100
  • Sustainability: 12
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 99.7%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 7 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -28.8%; rating input score 5; 5th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 84; 84th percentile among comparable filings

Growth

  • Program expense growth: -2.6% per year; rating input score 0; 22nd percentile among comparable filings
  • Revenue growth: 0.7% per year; rating input score 100; 31st percentile among comparable filings
  • Asset growth: -15% per year; rating input score 0; 5th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 99.7% of spending went to programs
  • Governance: 15 of 15 board members independent · 7 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $1.2M in reported program spending
  • Leadership: top reported pay $0 · 16 people listed
  • Consistency: 21 of 21 current checks pass
  • Schedules: 5 filed schedules
  • Filing history: 7 filing years from 2010 to 2016
  • Contacts: How to reach this organization
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 5/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 0/100.
  • High — Growth: Asset growth scored 0/100.