Kids in Need Foundation

Nonprofit profile at a glance

EIN
311437587
IRS 990 coverage
2010–2018
Forms available
Form 990 2018
Location
Roseville, MN, USA
Phone
9372961230
Rating confidence
Limited
Sector
Nonmonetary Support N.E.C.

Official website

Reported finances

Revenue
$0
Expenses
$0
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2018. Amounts in USD.

Leadership & pay

25 people listed

Executive titles in this filing

  • DAVID SMITH (EXECUTIVE DIRECTOR)

People named in this filing

  • ANNE BANNISTER (IMMEDIATE PAST CHAIR)
  • BRAD DEMSKY (BOARD MEMBER)
  • JIMMY FREEMAN (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 2018. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To ensure that every child is prepared to learn and succeed by providing free school supplies nationally to students most in need. This is done through four major programs: national network of resource centers, teacher supply box, second responder, and school ready supplies. Effective january 1, 2018, this organization merged with kids in need foundation mn merger co., a Minnesota nonprofit corporation. The merged entity chose to keep kids in need foundation as the name for the new entity. The mission and purpose of the combined nonprofit corporation has not changed.

What it reported doing in 2018

Distribute school supplies nationally to students most in need. This is done through four major programs: national network of resource centers, teacher supply box, secod responder, and school ready suppplies. Effective january 1, 2018, this organization merged with kids in need foundation mn merger co., a Minnesota nonprofit corporation. The merged entity chose to keep kids in need foundation as the name for the new entity. The mission and purpose of the combined nonprofit corporation has not changed.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 85
  • Accountability: 88
  • Sustainability: NotEnoughData
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 94.4%; rating input score 94; 25th 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; 64th percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • 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: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: Limited
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: -9.2% per year; rating input score 0; 34th percentile among comparable filings
  • Revenue growth: 5.7% per year; rating input score 100; 79th percentile among comparable filings
  • Asset growth: 8% per year; rating input score 100; 78th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 24 of 24 board members independent · 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 25 people listed
  • Consistency: 10 of 11 current checks pass · 1 finding to review
  • Schedules: 4 filed schedules
  • Filing history: 9 filing years from 2010 to 2018
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: Filed and resolved organization relationships.
  • 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.

  • Moderate — Transparency & Controls: Series filing activity did not reconcile in the filed values.
  • High — Growth: Program expense growth scored 0/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.