Witkids INC FY2021 filing

Tax-deductible

San Diego, CA501(c)(3)EducationEIN 27-1276677

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Witkids, INC. (wit) provides the only 6 unit college credit social entrepreneur and leadership course.

501(c)(3) charity; gifts are tax-deductible.
48¢ of each $1 spent went to programs.
$78K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $22K a year · 12% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
48%
of spending
Concern: 48% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$78K
to officers and key staff · 44% of spending
Concern: pay to officers and key staff is 44% of spending; over 30%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.8 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $110
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$6K
48% of total assets
Looks good: liabilities are 48% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 4 voting members
Looks good: 3 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$123K
-61% vs prior year
Spent
$179K
To programs
48%
Net assets
$6K
By yearFY2020–FY2025
Revenue
$123K
FY2021▼ -61%
Revenue by fiscal year
FY2020$313K
FY2021$123K
FY2022$113K
FY2023$125K
FY2024$239K
FY2025$30K
Expenses
$179K
FY2021▼ -7%
Expenses by fiscal year
FY2020$192K
FY2021$179K
FY2022$115K
FY2023$106K
FY2024$212K
FY2025Not on file
Net assets
$6K
FY2021▼ -90%
Net assets by fiscal year
FY2020$63K
FY2021$6K
FY2022$5K
FY2023$24K
FY2024$51K
FY2025−$22K

From the FY2021 Form 990 (year ending June 2021) · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2010.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

48 cents of each dollar spent went to programs.

Program services 48% · $87K Management & general 36% · $64K Fundraising 16% · $29K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990; $78K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$78,000Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A

Sarah Hernholm’s $16K as President is at the 50th percentile of top reported officer pay among 146 <$100K education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Sarah Hernholm$16,250$86,885$35,750$58,500$78,000$81,250

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes
  • Loans to or from officersSch L · Pt II2 listed

Programs and updates

Offers college credit courses in social entrepreneurship and leadership.

Provided by the organization

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1 program service account for $87K of program spending, described in the organization's own filed words · FY2020.
01

Wit provides the only 6 unit college credit social entrepreneur and leadership course in the country for high school teens.

$87Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$110
Grants paid · 1 grant · $21K · 2019–2019
Unitemized GrantFY2019$21,287

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$123K
Ln 12
Fees for servicesLn 2g$82K
Gifts and grantsLn 1h$22K
Other incomeLn 4–11$19K
Money outPt IX
$179K
Ln 25
Programscol B$87K
Managementcol C$64K
Fundraisingcol D$29K
Owns and owesPt X
$6K
net assets · Ln 32
Cash and savingsLn 1–2$11K
Total assetsLn 16$12K
LiabilitiesLn 26$6K
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$22K
Fees for servicesLn 2g$82K
Other incomeLn 4–11$19K
Total revenueLn 12$123K
Assets in detailPt X, end of year
CashLn 1$110
SavingsLn 2$11K
Cash and savings togetherLn 1–2$11K
Land, buildings, equipmentLn 10c$604
Total assetsLn 16$12K
LiabilitiesLn 26$6K
Net assetsLn 32$6K
OperationsPt I, VI
EmployeesI 51
VolunteersI 65
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$65K$11K
Land, buildings, equipmentLn 10c$918$604
Total assetsLn 16$66K$12K
LiabilitiesLn 26$4K$6K
Net assetsLn 32$63K$6K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$928$928
Pay of current officers, directors and key staffLn 5$78K$31K$23K$23K
Payroll taxesLn 10$6K$2K$2K$2K
Other fees for servicesLn 11g$35K$22K$13K
Advertising and promotionLn 12$10K$5K$5K
Office expensesLn 13$14K$2K$10K$2K
TravelLn 17$1K$1K
Depreciation, depletion and amortizationLn 22$314$314
InsuranceLn 23$9K$2K$5K$2K
Other expenses (24a–d)Ln 24$25K$21K$4K
All other expensesLn 24e$65$65
Total functional expensesLn 25$179K$87K$64K$29K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $30K−$22K 990 PDF
FY2024 $239K$212K$27K$51K 990 PDF
FY2023 $125K$106K$18K$24K 990 PDF
FY2022 $113K$115K−$2K$5K 990 PDF
FY2021 Viewing $123K$179K−$56K$6K 990 PDF
FY2020 $313K$192K$121K$63K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $122,537 across 6 lines filed
VIII-1f All other contributions, gifts and grants$22,153
VIII-1h Total contributions, gifts and grants$22,153
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $81,554$81,554
VIII-8 Net income from fundraising eventsExcluded from tax $900$900
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $430 · Excluded from tax $17,500$17,930
VIII-12 Total revenueRelated to mission $81,984 · Unrelated business $0 · Excluded from tax $18,400$122,537
Part IX · Statement of functional expenses $179,023 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $928$928
IX-5 Pay of current officers, directors and key staffPrograms $31,200 · Management $23,400 · Fundraising $23,400$78,000
IX-10 Payroll taxesPrograms $2,432 · Management $1,824 · Fundraising $1,824$6,080
IX-11g Other fees for servicesPrograms $22,000 · Management $13,068$35,068
IX-12 Advertising and promotionPrograms $4,877 · Management $4,912$9,789
IX-13 Office expensesPrograms $2,400 · Management $9,797 · Fundraising $1,600$13,797
IX-17 TravelManagement $1,062$1,062
IX-22 Depreciation, depletion and amortizationManagement $314$314
IX-23 InsurancePrograms $2,293 · Management $5,212 · Fundraising $1,719$9,224
IX-24 Other expenses (24a–d)Programs $20,607 · Management $4,089$24,696
IX-24e All other expensesManagement $65$65
IX-25 Total functional expensesPrograms $86,737 · Management $63,743 · Fundraising $28,543$179,023
Part X · Balance sheet $12,154 assets, 10 lines filed
Asset lines not itemized here account for $131; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $7,507$110
X-2 Savings and temporary cash investmentsStart of year $57,906$11,309
X-10c Land, buildings and equipment, netStart of year $918$604
X-16 Total assetsStart of year $66,331$12,154
X-17 Accounts payable and accrued expenses$1,050
X-19 Deferred revenueStart of year $3,536$4,311
X-25 Other liabilitiesStart of year $0$513
X-26 Total liabilitiesStart of year $3,565$5,874
X-32 Total net assets or fund balancesStart of year $62,766$6,280
X-33 Total liabilities and net assetsStart of year $66,331$12,154
Part XI · Reconciliation of net assets $6,280 net assets at year end
XI-1 Total revenue$122,537
XI-2 Total expenses$179,023
XI-3 Revenue less expenses−$56,486
XI-4 Net assets at start of year$62,766
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,280

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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