Kids Financial Literacy Inc

Nonprofit profile at a glance

EIN
814574319
IRS 990-EZ coverage
2016–2023
Forms available
Form 990-EZ 2023
Location
Brooklyn, NY, USA
Phone
9175338637
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Educational Services and Schools - Other

Reported finances

Revenue
$43
Expenses
$3,938
Assets
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • Isaac Sutton (Vice President)

People named in this filing

  • Louise Sutton (Treasurer)
  • Isaac Sutton (Vice President)
  • Eli Sitt (Secretary)

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

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Our mission is to enrich lives by educating students about the monetary system using our engaging 3D presentations. Kids Financial Literacy is an interactive program designed to educate children from grades 5-8 about fundamental financial skills and responsibility. The lessons encourage the students to become financially responsible adults, with a respectable financial future. Each grade focuses on a specific theme, teaching children the knowledge they will need to navigate todays complex monetary system.

What it reported doing in 2023

The Company educates children from 5th through 8th grade about money. We teach them the basics of money, business, taxes, banks, credit cards, saving, and investing. Weve educated thousands of students throughout the year, visiting about 17 schools throughout NY and NJ. We serve Jewish day schools as well as Parochial schools. Each school we educate the students directly with our instructor. All the students receive our workbooks, and the teachers receive our teaching guide. The three largest program services are: Presentation of the 3-dimensional boards in the classroom, Workbooks, and Teaching guides.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
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: 100
  • Transparency & Controls: 82
  • Sustainability: 1
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -9,058.1%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 57.1%; rating input score 2; 2nd percentile among comparable filings

Growth

  • Program expense growth: -42.5% per year; rating input score 0; 10th percentile among comparable filings
  • Revenue growth: -29.6% per year; rating input score 0; 11th percentile among comparable filings
  • Asset growth: -7.8% per year; rating input score 0; 20th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $4K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 5 of 5 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 8 filing years from 2016 to 2023
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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 1/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 2/100.