Quilts for Kids Inc Co Lynele Jones
Nonprofit profile at a glance
- EIN
- 471086532
- IRS 990-EZ coverage
- 2015–2024
- Forms available
- Form 990-EZ 2024
- Location
- Boulder, CO, USA
- Phone
- 3035791147
- Rating
- 88
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Human Service Organizations
Reported finances
- Revenue
- $140,824
- Expenses
- $143,863
- Assets
- $136,422
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
People named in this filing
- James Hopkins (Executive Dir.)
- Paul MacGowan (Treasurer)
- Maria Clara (Director)
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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of Quilts for Kids is to provide jobs for economically-challenged women and to sponsor education of at-risk girls, who live in a community of about 500 marginalized people who have survived primarily by begging in the streets of Kathmandu, Nepal.
What it reported doing in 2024
In 2024 Quilts for Kids provided funds for 73 children in living in an immigrant camp in Kathmandu, Nepal, to attend classes in nursery school up thorugh college. About $500 per child was paid for school supplies, books, backpack, exams, 2 school uniforms, and 2 pairs of shoes. One young woman is studying for a Business Analytics Masters degree at U MASS in Boston, 3 attend nursing college in India, and others attend business schools, cooking school, or fashion institute in Kathmandu. Most of these children would otherwise be begging on the streets of Kathmandu. In addition, the organization provided nutritional, dental, medical, and funeral support to families in the community.
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
- Hybrid. The nonprofit split its reported program spending across 49% for direct work, and 51% for grants.
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 total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 100
- Sustainability: 32
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 82.5%; rating input score 83
- Program expense ratio: 80.8%; rating input score 81
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -2.2%; rating input score 28; 28th percentile among comparable filings
- Total-asset coverage ratio: 0.95; rating input score 58; 58th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 20.9%; rating input score 16; 16th percentile among comparable filings
Growth
- Program expense growth: 6% per year; rating input score 100; 51st percentile among comparable filings
- Revenue growth: 4.2% per year; rating input score 100; 43rd percentile among comparable filings
- Asset growth: 11.1% per year; rating input score 100; 64th percentile among comparable filings
Details
- Where the money goes: 82.5% of revenue deployed · 80.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $116K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 9 filing years from 2015 to 2024
- 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 28/100.
- Review — Sustainability: Total-asset coverage ratio scored 58/100.
- High — Sustainability: Officer compensation ratio scored 16/100.