Overview
What is For The Kids Foundation Inc?
For The Kids Foundation Inc, based in Anchorage, Alaska, serves as a dedicated fundraising entity for its affiliate, Big Brothers Big Sisters of Alaska (BBBSAK). The foundation's primary objective is to collect and resell donated clothing and household items, channeling the proceeds towards BBBSAK's mentoring programs. In 2022, For The Kids Foundation donated an impressive sum of 180,870 to its affiliate, furthering their mission to empower children in Alaska. Additionally, the foundation collaborates with other charitable organizations in the collection and sale of used clothing, demonstrating its commitment to community involvement and charitable causes. With an employee count of 11, For The Kids Foundation Inc plays a significant role in enhancing the lives of Alaska's youth through its financial support and collaborative efforts.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88%, Three-Star out of Four Star rating
For The Kids Foundation Inc has achieved a solid 88% rating from Charity Navigator, reflecting its strong accountability and financial health. The rating is based entirely on one beacon score focused on organizational practices, which underscores the charity's commitment to transparency and responsible management of funds. An independent board composed of 100% members further emphasizes its governance strength.
The foundation exhibits excellent practices in various areas, such as having no material diversion of assets and maintaining comprehensive conflict of interest, whistleblower, and document retention policies. Additionally, the charity's liabilities to assets ratio at 6.25% suggests a stable financial position, indicative of effective financial oversight.
However, the program expense ratio stands at 65.25%, which, while decent, indicates that there is some room for improvement in directing expenditures towards program services. Overall, the foundation demonstrates a strong commitment to accountability, though it could enhance its impact by optimizing its spending on direct programs.
This AI summary has been generated from information found on Charity Navigator.
Is For The Kids Foundation Inc legitimate?
For The Kids Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. For The Kids Foundation 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $168,636
For more financial information, click here
What is the mission statement of For The Kids Foundation Inc?
The For The Kids Foundation Inc's mission is primarily focused on raising funds for Big Brothers Big Sisters of Alaska, a charitable organization. This is achieved through various activities, including the collection and resale of used clothing and other items, as well as collaborating with other charitable organizations in similar endeavors. The primary objective of these activities is to support Big Brothers Big Sisters of Alaska and contribute to their mentoring programs. In 2022, the For The Kids Foundation donated a significant sum of 180,870 to Big Brothers Big Sisters of Alaska to further enhance their programs.
Who is the CEO of For The Kids Foundation Inc?
Russell Pounds is the Board Presid of For The Kids Foundation Inc.
What is the revenue of For The Kids Foundation Inc?
For The Kids Foundation Inc's revenue in 2022 was $485,445.
Who are the executives of For The Kids Foundation Inc and what are their salaries?
The average compensation at For The Kids Foundation Inc during 2022 was $15,331. There are 11 employees and 12 volunteers at For The Kids Foundation Inc.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $107,600
- Other: $16,681
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for For The Kids Foundation Inc?
For The Kids Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of For The Kids Foundation Inc
For The Kids Foundation Inc, a charitable organization, is committed to raising funds primarily for Big Brothers Big Sisters of Alaska (BBBSAK). This mission is achieved through various activities, including the collection and sale of used clothing and other household items. Furthermore, the foundation collaborates with other charitable organizations in the process of collecting and selling used clothing. Their sole program involves donating the proceeds from these activities to BBBSAK, thereby supporting its mentoring programs. In 2022, For The Kids Foundation Inc donated an impressive 180,870 to BBBSAK, contributing significantly to their initiatives.
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Impact
July, 2024
For The Kids Foundation Inc has made a significant impact by raising funds for Big Brothers Big Sisters of Alaska. In 2022 alone, they donated $180,870 to further the mentoring programs of BBBSAK. Through their efforts in collecting and reselling donated clothing and household items, For The Kids Foundation has played a crucial role in supporting the mission of BBBSAK and helping to make a positive difference in the lives of youth in Alaska.
This information is meant to be a general summary of For The Kids Foundation 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: $2
- Gross Receipts: $2,159,391
Assets and Liabilities:
- Total Assets: $427,198
- Total Liabilities: $26,705
- Net Assets: $400,493
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Organization Details
Founding Year
1998
Phone
(907) 563-1997Principal Officer
Russell Pounds
Main Address
2207 E TUDOR ROAD NO 39, ANCHORAGE, AK, 99507
NTEE Category
Code: T12 - Philanthropy
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