My Kids Club

Nonprofit profile at a glance

EIN
832337004
IRS 990 coverage
2018–2023
Forms available
Form 990 2023
Location
Selma, NC, USA
Phone
9193511559
Rating
69
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Boys and Girls Clubs

Official website

Reported finances

Revenue
$1,653,519
Expenses
$434,774
Assets
$3,803,136
Liabilities
$166,066

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

Leadership & pay

24 people listed

Executive titles in this filing

  • LYNN DANIELS BOWLES (PRESIDENT)
  • SARAH SHERASKI (EXECUTIVE DIRECTOR)

Highest reported compensation

  • SARAH SHERASKI (EXECUTIVE DIRECTOR): $61,950 total reported compensation

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

Overview

Mission

To encourage and empower youth to grow in character and understanding through studies and opportunities for academic success, civic encouragement, and habits that underscore healthy living to achieve their potential as responsible caring citizens.

What it reported doing in 2023

After school child development program

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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

SUPPORTED - The filed numbers largely add up and most voting board members are independent. 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: 35
  • Transparency & Controls: 92
  • Accountability: 90
  • Sustainability: 82
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 14.6%; rating input score 15
  • Program expense ratio: 54.8%; rating input score 55
  • Fundraising efficiency: $43 raised per $1 spent on fundraising; rating input score 75; 75th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • 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: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • 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: Fail

Sustainability

  • Operating margin: 73.7%; rating input score 97; 97th percentile among comparable filings
  • Total-asset coverage ratio: 8.75; rating input score 91; 91st percentile among comparable filings
  • Liabilities to assets ratio: 0.04; rating input score 55; 55th percentile among comparable filings
  • Officer compensation ratio: 14.2%; rating input score 24; 24th percentile among comparable filings

Growth

  • Program expense growth: 46.3% per year; rating input score 100; 95th percentile among comparable filings
  • Revenue growth: 35.2% per year; rating input score 100; 93rd percentile among comparable filings
  • Asset growth: 49.6% per year; rating input score 100; 96th percentile among comparable filings

Details

  • Where the money goes: 14.6% of revenue deployed · 54.8% of spending went to programs
  • Governance: 25 of 25 board members independent · 6 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $238K in reported program spending
  • Leadership: top reported pay $62K · 24 people listed
  • Consistency: 27 of 27 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 6 filing years from 2018 to 2023
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • High — Financial Efficiency: Mission deployment rate scored 15/100.
  • Review — Financial Efficiency: Program expense ratio scored 55/100.
  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • High — Sustainability: Officer compensation ratio scored 24/100.
  • Review — Sustainability: Liabilities to assets ratio scored 55/100.