Kiwanis International Foundation

Nonprofit profile at a glance

EIN
366072039
IRS 990 coverage
2009–2024
Forms available
Form 990 2024, Form 990-T 2024, Form 990-N 2016
Location
Indianapolis, IN, USA
Phone
3178758755
Rating
59
Verdict
MIXED
Rating confidence
Standard
Sector
Public Foundations

Official website

Reported finances

Revenue
$5,419,526
Expenses
$3,414,447
Assets
$21,930,957
Liabilities
$457,834

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

15 people listed

Executive titles in this filing

  • AMY ZIMMERMAN (IMMEDIATE PAST PRESIDENT)
  • LENORA J HANNA (PRESIDENT - ELECT)
  • RICHARD A POULTON (VICE PRESIDENT)
  • ROBERT S MAXWELL (PRESIDENT)
  • PAUL PALAZZOLO (EXECUTIVE DIRECTOR)

Highest reported compensation

  • PAUL PALAZZOLO (EXECUTIVE DIRECTOR): $214,906 total reported compensation
  • ELIZABETH WARREN (DIRECTOR OF PROGRAMS AND PARTNERSHIPS): $149,619 total reported compensation
  • MICHAEL MALIK (DIRECTOR OF DEVELOPMENT): $140,151 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The organization provides grants to unicef to reduce the impact that maternal and neonatal tetanus has on the global community. In addition, the organization provides grants for youth scholarships, projects undertaken by kiwanis family clubs throughout the world that help underserved children in need. The organization exists to support the mission of kiwanis international.

What it reported doing in 2024

Kiwanis international foundation (dba kiwanis children's fund) is continuing its commitment to sustain efforts to eliminate iodine deficiency disorders and maternal and neonatal tetanus by supporting kiwanis' global partners iodine global network, unicef, and unicef USA. Grantmaking to support local kiwanis family service projects that align with the kiwanis causes of health and nutrition, education and literacy, and youth leadership development. Support for programs of kiwanis international and its related organizations (kiwanis youth programs, circle k, aktion club, builders club, k-kids and key leader), including funding for robust higher education scholarships and programs to help young people and adults with disabilities develop into community leaders.

Operating model

Revenue model
Donor-supported. 85% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 81% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

MIXED - Most voting board members are independent and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 41
  • Transparency & Controls: 62
  • Accountability: 100
  • Sustainability: 81
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 48.7%; rating input score 49
  • Program expense ratio: 39.1%; rating input score 39
  • Fundraising efficiency: $1.86 raised per $1 spent on fundraising; rating input score 5; 5th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 17th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: 3 of 8 controls in place; rating input score 38
    • Claims monitoring procedures: Pass
    • Requires narrative reports: Pass
    • Conducts field audits: Fail
    • May suspend future funding: Fail
    • Requires financial reports: Pass
    • Conducts site visits: Fail
    • Requires grant agreements: Fail
    • May require repayment: Fail
  • Grant itemization coverage: 74.4%; rating input score 74; 20th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 37%; rating input score 88; 88th percentile among comparable filings
  • Total-asset coverage ratio: 6.42; rating input score 87; 87th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 80; 80th percentile among comparable filings
  • Officer compensation ratio: 7.7%; rating input score 38; 38th percentile among comparable filings

Growth

  • Program expense growth: -19.7% per year; rating input score 0; 1st percentile among comparable filings
  • Revenue growth: -9% per year; rating input score 0; 2nd percentile among comparable filings
  • Asset growth: -1.4% per year; rating input score 0; 9th percentile among comparable filings

Details

  • Where the money goes: 48.7% of revenue deployed · 39.1% of spending went to programs
  • Governance: 12 of 12 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $1.3M in reported program spending
  • Leadership: top reported pay $215K · 15 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 44 of 46 current checks pass · 2 findings to review
  • Schedules: 9 filed schedules · includes major donors, foreign activity, grants, and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 31 filed money-flow records
  • Related organizations: 33 filed related-organization links
  • 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 — Financial Efficiency: Mission deployment rate scored 49/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 39/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Financial Efficiency: Fundraising efficiency scored 5/100.
  • Moderate — Transparency & Controls: Foreign activity oversight: 5 of 8 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Officer compensation ratio scored 38/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Review — Transparency & Controls: Foreign grant itemization did not reconcile in the filed values.