Overview
What is Kids Chance Of Kentucky Inc?
Kids Chance of Kentucky Inc. is a nonprofit organization located in Lexington, Kentucky. Their primary mission is to provide educational scholarships to the children of Kentucky workers who have suffered serious or fatal injuries in work-related accidents. By offering these scholarships, they aim to help these children continue their education and secure a brighter future despite the unfortunate circumstances their families have faced. Their work extends beyond just financial aid, as they are committed to supporting the educational aspirations of these children, thereby providing them with opportunities for personal growth and development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (73%)
Kids Chance of Kentucky Inc has received a "Needs Improvement" rating with an overall score of 73%. The organization demonstrates strong accountability and finance practices, with perfect scores in areas such as independent board members, board size, and material diversion of assets. Additionally, a noteworthy program expense ratio of 95.96% indicates that a significant portion of funds is utilized for its programs.
However, there are notable limitations in the organization's governance practices. The absence of key policies, including a conflict of interest policy, a whistleblower policy, and a document retention policy, raises concerns about transparency and accountability. Furthermore, the nonprofit has not posted its tax form on its website, which is a critical element for public trust and accessibility of information.
In summary, while Kids Chance of Kentucky Inc shows strengths in financial management and program expenditure, the missing governance policies suggest areas for improvement to enhance its overall effectiveness and transparency in operations.
This AI summary has been generated from information found on Charity Navigator.
Is Kids Chance Of Kentucky Inc legitimate?
Kids Chance Of Kentucky Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kids Chance Of Kentucky Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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What is the mission statement of Kids Chance Of Kentucky Inc?
Kids Chance of Kentucky Inc. is an organization committed to providing educational scholarships for children who have been seriously or fatally injured in work-related accidents. Their mission is to support these children by alleviating the financial burden of education, enabling them to pursue their academic dreams despite the tragic circumstances. By offering scholarships, Kids Chance of Kentucky Inc. aims to ensure that these children have the opportunity to build a better future for themselves. This support not only helps the children but also their families, providing them with a sense of hope and stability during challenging times. The organization's actions reflect a deep commitment to uplifting and empowering the children of injured workers, thereby contributing to a more compassionate and supportive society.
Who is the CEO of Kids Chance Of Kentucky Inc?
Gary Davis is the President & Board Member of Kids Chance Of Kentucky Inc.
What is the revenue of Kids Chance Of Kentucky Inc?
Kids Chance Of Kentucky Inc's revenue in 2022 was $72,806.
Who are the executives of Kids Chance Of Kentucky Inc and what are their salaries?
Here are 18 key members and their salaries:
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Where can I find the form 990 for Kids Chance Of Kentucky Inc?
Kids Chance Of Kentucky Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Kids Chance Of Kentucky Inc
Kids Chance of Kentucky Inc is an organization dedicated to extending educational opportunities to children whose parents have suffered serious or fatal injuries in work-related accidents. The mission of this nonprofit is to provide financial assistance in the form of scholarships, enabling these children to pursue their higher education. By offering these scholarships, Kids Chance of Kentucky Inc aims to alleviate the financial burden that often accompanies such tragedies and empower these children to build a brighter future for themselves. The organization's commitment to these children is a testament to its belief in the transformative power of education, and its goal is to help these young individuals overcome the challenges they face and achieve their academic goals.
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Impact
August, 2024
Kids Chance Of Kentucky Inc's impact is profound in providing educational scholarships to the children of Kentucky workers who have been seriously or fatally injured in work-related accidents. By offering these scholarships, they are helping these children access education opportunities that may have otherwise been out of reach due to their family's circumstances. This support not only aids in the academic advancement of these students but also provides them with a sense of hope and encouragement for their future. Overall, Kids Chance Of Kentucky Inc is making a lasting impact on the lives of these young individuals by helping them pursue their educational goals despite challenging circumstances.
This information is meant to be a general summary of Kids Chance Of Kentucky Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $22,294
- Gross Receipts: $493,201
Assets and Liabilities:
- Total Assets: $353,058
- Total Liabilities: $0
- Net Assets: $353,058
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Organization Details
Founding Year
2003
Phone
(859) 219-0194Principal Officer
Gary Davis
Main Address
PO BOX 910234, LEXINGTON, KY, 40591
NTEE Category
Code: B82 - Education
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