Witkids INC FY2023 filing

Tax-deductible

San Diego, CA501(c)(3)EducationEIN 27-1276677Revenue $125K in FY2023

On file with the IRSdoingwit.org550 W B St 4th Floor, 92101-3537 · San Diego, CATax-exempt since Feb 2010Publicly supported charity — 170(b)(1)(A)(vi)

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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.
56¢ of each $1 spent went to programs.
$36K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
56%
of spending
Worth a look: 56% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$36K
to officers and key staff · 34% of spending
Concern: pay to officers and key staff is 34% of spending; over 30%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.2 months of spending in cash; 1 to 3.
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
$5K
18% of total assets
Looks good: liabilities are 18% 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
$125K
+10% vs prior year
Spent
$106K
To programs
56%
Net assets
$24K
By yearFY2020–FY2025
Revenue
$125K
FY2023▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2020$313K
FY2021$123K
FY2022$113K
FY2023$125K
FY2024$239K
FY2025$30K
Expenses
$106K
FY2023▼ -8%
Tap a bar for its year
Expenses by fiscal year
FY2020$192K
FY2021$179K
FY2022$115K
FY2023$106K
FY2024$212K
FY2025Not on file
Net assets
$24K
FY2023▲ +349%
Tap a bar for its year
Net assets by fiscal year
FY2020$63K
FY2021$6K
FY2022$5K
FY2023$24K
FY2024$51K
FY2025−$22K

From the FY2023 Form 990 (year ending June 2023) · see the original

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You’re viewing the FY2023 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

56 cents of each dollar spent went to programs.

Program services 56% · $59K Management & general 44% · $47K

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; $36K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$35,750Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$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 II1 listed

Programs and updates

Offers college credit courses in social entrepreneurship and leadership.

Questions for Witkids INC

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Provided by the organization

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1 program · $59K · in their own filed words · FY2022
01

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

$59Kprogram expense

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 FY2023 990, line by line.

1The main four
Money inPt VIII
$125K
Ln 12
Fees for servicesLn 2g$72K
Gifts and grantsLn 1h$52K
Money outPt IX
$106K
Ln 25
Programscol B$59K
Managementcol C$47K
Owns and owesPt X
$24K
net assets · Ln 32
Cash and savingsLn 1–2$19K
Total assetsLn 16$29K
LiabilitiesLn 26$5K
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$52K
Government grantsLn 1e$396
Fees for servicesLn 2g$72K
Total revenueLn 12$125K
Assets in detailPt X, end of year
CashLn 1$19K
Cash and savings togetherLn 1–2$19K
Land, buildings, equipmentLn 10c$78
Total assetsLn 16$29K
LiabilitiesLn 26$5K
Net assetsLn 32$24K
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 FY23End FY23
Cash and savingsLn 1–2$1K$19K
Land, buildings, equipmentLn 10c$270$78
Total assetsLn 16$11K$29K
LiabilitiesLn 26$6K$5K
Net assetsLn 32$5K$24K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$36K$29K$7K
Payroll taxesLn 10$3K$2K$569
Accounting feesLn 11c$6K$3K$3K
Other fees for servicesLn 11g$7K$4K$3K
Advertising and promotionLn 12$2K$830$830
TravelLn 17$9K$1K$8K
Conferences, conventions and meetingsLn 19$4K$4K
InterestLn 20$137$137
Depreciation, depletion and amortizationLn 22$192$192
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$27K$13K$14K
All other expensesLn 24e$4K$2K$2K
Total functional expensesLn 25$106K$59K$47K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $30K−$22K 990 PDF
FY2024 $239K$212K$27K$51K 990 PDF
FY2023 Viewing $125K$106K$18K$24K 990 PDF
FY2022 $113K$115K−$2K$5K 990 PDF
FY2021 $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 FY2023 990 (6 parts)
Part I · Summary $124,634 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $68,600$52,182
I-9 Program service revenuePrior year $44,577$72,452
I-10 Investment income$0
I-11 Other revenuePrior year $50$0
I-12 Total revenuePrior year $113,227$124,634
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $63,087$38,597
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $52,175$67,552
I-18 Total expensesPrior year $115,262$106,149
I-19 Revenue less expensesPrior year −$2,035$18,485
Part VI · Governance 3 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $124,634 across 5 lines filed
VIII-1e Government grants$396
VIII-1f All other contributions, gifts and grants$51,786
VIII-1h Total contributions, gifts and grants$52,182
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $72,452$72,452
VIII-12 Total revenueRelated to mission $72,452$124,634
Part IX · Statement of functional expenses $106,149 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $28,600 · Management $7,150$35,750
IX-10 Payroll taxesPrograms $2,278 · Management $569$2,847
IX-11c Accounting feesPrograms $3,150 · Management $3,150$6,300
IX-11g Other fees for servicesPrograms $4,462 · Management $2,975$7,437
IX-12 Advertising and promotionPrograms $830 · Management $830$1,660
IX-17 TravelPrograms $1,275 · Management $8,006$9,281
IX-19 Conferences, conventions and meetingsPrograms $3,589$3,589
IX-20 InterestManagement $137$137
IX-22 Depreciation, depletion and amortizationManagement $192$192
IX-23 InsuranceManagement $8,308$8,308
IX-24 Other expenses (24a–d)Programs $13,197 · Management $13,623$26,820
IX-24e All other expensesPrograms $1,781 · Management $2,047$3,828
IX-25 Total functional expensesPrograms $59,162 · Management $46,987 · Fundraising $0$106,149
Part X · Balance sheet $29,112 assets, 7 lines filed
Asset lines not itemized here account for $9,952; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $1,457$19,082
X-10c Land, buildings and equipment, netStart of year $270$78
X-16 Total assetsStart of year $11,453$29,112
X-25 Other liabilitiesStart of year $6,159$5,333
X-26 Total liabilitiesStart of year $6,159$5,333
X-32 Total net assets or fund balancesStart of year $5,294$23,779
X-33 Total liabilities and net assetsStart of year $11,453$29,112
Part XI · Reconciliation of net assets $23,779 net assets at year end
XI-1 Total revenue$124,634
XI-2 Total expenses$106,149
XI-3 Revenue less expenses$18,485
XI-4 Net assets at start of year$5,294
XI-10 Net assets at end of year$23,779

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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