Overview
What is Capital For Kids?
Capital for Kids is a network of investment management individuals and organizations, based in Dallas, Texas, specifically at 2807 Allen Street 816, with a single employee. Established in 2007, its primary mission is to enhance the lives of children in need within the Dallas/Fort Worth area. Over the years, it has donated grant money to over 50 local charitable organizations that share this commitment, focusing on education, protection, and child development. Capital for Kids serves as a valuable resource in the North Texas area, contributing to the well-being of underprivileged children through its grant-giving activities.
Official website here: www.capitalforkids.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Capital For Kids has received a Two-Star out of Four Star rating from Charity Navigator, indicating that there are significant areas requiring enhancement. The organization scored 60% overall, with strong marks in Accountability & Finance at 83%, which reflects effective management of resources. However, the scores for Leadership & Adaptability and Culture & Community were notably low, at 10% and 7%, respectively, suggesting challenges in these critical areas.
The organization demonstrates a strong commitment to serving at-risk children, reflected in its strategic goals aimed at supporting and promoting volunteer services for relevant nonprofits. The independent board structure is robust, with 100% independent members, which is a positive aspect of its governance. However, the lack of essential policies, such as conflict of interest and whistleblower protections, raises concerns about its accountability practices.
Despite a favorable program expense ratio of 82.91%, indicating that a significant portion of funds is directed toward programs, the absence of financial statements and other crucial documentation suggests a need for improved transparency. Overall, while Capital For Kids has a solid mission and some positive governance elements, its low scores in leadership and community engagement point to potential weaknesses that must be addressed to enhance its effectiveness and reputation.
This AI summary has been generated from information found on Charity Navigator.
Is Capital For Kids legitimate?
Capital For Kids is a legitimate nonprofit organization registered as a 501(c)(3) entity. Capital For Kids 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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Other Salaries and Wages: $53,455
For more financial information, click here
Official website here: www.capitalforkids.org
What is the mission statement of Capital For Kids?
Capital for Kids is an organization that aims to improve the lives of children in need in a specific area, such as Dallas/Fort Worth. This mission is carried out through a network of investment management individuals and organizations, who support organizations that educate, protect, and foster the development of children. Capital for Kids has been donating grant money to various charitable organizations dedicated to improving the lives of children in need since the 2007 tax year, with over 50 different organizations receiving support through 2022.
Official website here: www.capitalforkids.org
What is the revenue of Capital For Kids?
Capital For Kids's revenue in 2023 was $1,344,349.
Official website here: www.capitalforkids.org
Who are the executives of Capital For Kids and what are their salaries?
The average compensation at Capital For Kids during 2023 was $53,455. There is 1 employee at Capital For Kids.
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Official website here: www.capitalforkids.org
Where can I find the form 990 for Capital For Kids?
Capital For Kids's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.capitalforkids.org
Learn more at the official website: www.capitalforkids.org
Mission Statement of Capital For Kids
Capital For Kids, a network comprising investment management individuals and organizations, is dedicated to enhancing the lives of children in need within the Dallas/Fort Worth area. The organization's mission is to support charitable organizations that focus on educating, safeguarding, and fostering the development of children in need. Capital For Kids has been making a difference by donating grant money to over 50 different organizations in the region since the 2007 tax year. These supported organizations work tirelessly to improve the lives of children in need, addressing various challenges they face. By providing financial assistance, Capital For Kids contributes to the collective effort of improving the well-being and opportunities for children in the Dallas/Fort Worth area.
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Impact
October, 2024
Capital For Kids has significantly impacted the lives of children in need within the Dallas/Fort Worth area. Since its inception in 2007, the initiative has distributed grant money to over 50 local charitable organizations. These organizations focus on critical areas such as education, protection, and overall development, ensuring that at-risk children receive the support they require to thrive. By fostering a network of investment management professionals and organizations dedicated to this cause, Capital For Kids enhances opportunities for youth development, empowering the next generation and fostering a more supportive community for children facing challenges.
This information is meant to be a general summary of Capital For Kids. 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 2023.
- Investment Income: $99
- Gross Receipts: $1,344,349
Assets and Liabilities:
- Total Assets: $1,290,407
- Total Liabilities: $1,226,900
- Net Assets: $63,507
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Organization Details
Founding Year
2006
Principal Officer
Eliot D Raffkind
Website
www.capitalforkids.orgNTEE Category
Code: O19 - Youth development
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