Kfact EIN 46-4198995

Kfact FY2021 filing

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Offers comprehensive services like prevention, intervention, youth development, advocacy, and college/career mentorship. For fiscal year 2021 it reported $178K in revenue, $244K in expenses, and $17K in net assets.Pt I

Type
Public charity (501(c)(3)) · Youth Development
Location
Rockford, IL
Website
www.k-fact.org
Filings
3 on file (2021–2021)
Revenue
$178KFY2021
Expenses
$244K
Net assets
$17K
People
7
Filings
3
Updates
0
More identity details & actions ⌄
EIN  46-4198995 Public charity (501(c)(3)) Rockford, IL
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Offers comprehensive services like prevention, intervention, youth development, advocacy, and college/career mentorship.
Leadership
Shamika Williams · CEO · $2K
Money in and out
$178K revenue, $244K expenses
Bottom line
96% program efficiency
Where the money goes · FY2021
Total revenue
$178K
Pt VIII · Ln 12
Total expenses
$244K
Pt IX · Ln 25
Net assets
$17K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$66K
Where spending went · Part IX cols B–D
Program services $0.96 Management & general $0.04
Program efficiency
96%
of spending reaches programs
Operating runway
0.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
-37%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$178K
FY2021
Expenses
$244K
FY2021
Total assets
$21K
FY2021
Total liabilities
$4K
FY2021
Total revenue
$178K
Pt VIII · Ln 12
Total expenses
$244K
Pt IX · Ln 25
Net assets
$17K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$66K
Total assetsPt X · Ln 16$21K
Program-expense ratioPt IX · col B96%
Voting members of governing bodyPt I · Ln 3pending
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service account for $233K of program spending, described in the organization's own filed words · FY2020.
01

Building Healthy Futures

Every year, keeping families and communities together (kfact) serves over 100 girls through its lady all stars mentoring program. With a mission to empower young women, kfact has a 98% retention rate, a 100% high school graduation rate, and 92% of the girls move on to post-secondary education.

$233Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CKfact
EINHdr · item D46-4198995
Principal addressHdr · item CRockford, IL
WebsiteHdr · item Jwww.k-fact.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O50)
Ruling yearIRS BMFApr 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$2,377Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Scholarship Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Shamika Williams’s $2K as CEO is at the 8th percentile of top reported officer pay among 113 <$100K youth development 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.

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Statement of Revenue

Part VIII
Contributions & grants100%$178K
Total revenueLn 12$178K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.96 Management & general $0.04
Program services96%$233K
Management & general4%$11K
Total functional expensesLn 25$244K

Balance Sheet

Part X · end of year
CashLn 1$11K
Total assetsLn 16$21K
Total liabilitiesLn 26$4K
Total net assetsLn 32$17K
Months of cash on handcomputed0.5

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $11K · Operating expenses/yr $244K
0.5 months
Where the money goes
Program services
Program services $233K · Total expenses $244K
96%
Management & General
Management & general $11K · Total expenses $244K
4%
Fundraising
Fundraising $0 · Total expenses $244K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $178K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $178K · Total revenue $178K
100%
Government reliance
Government grants — · Total revenue $178K
Earned-income share
Program service revenue $0 · Total revenue $178K
0%
Investment reliance
Investment income $0 · Total revenue $178K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $244K
0%
Growth & trend
Revenue growth (YoY)
This year $178K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $17K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $178K · Expenses $244K
-37%
Liabilities-to-Assets
Total liabilities — · Total assets $21K
Net-asset ratio
Net assets $17K · Total assets $21K
81%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $21K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Shamika Williams · Reported title CEO · Highest reported compensation $2K · Total expenses $244K
1.0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $131K · Total expenses $244K
54%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 96%
Overhead ratio 4%
Fundraising cost ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$12K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$290K revenue · ⤓ 990 PDF
FY2023not on file
FY2022$407K revenue · ⤓ 990 PDF
FY2021$178K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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