Kids in Need Foundation

Tax-deductible

Little Canada, MN501(c)(3)Since 2017EducationEIN 82-1078462Revenue $55.0M in FY2024

On file with the IRSkinf.org200 S Owasso Blvd E, 55117-1082 · Little Canada, MNTax-exempt since Sep 2017Publicly supported charity — 170(b)(1)(A)(vi)

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Every child in america should have equal opportunity and access to a quality education.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Run by 901 volunteers and 31 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $4.1M a year · 5% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$786K
to officers and key staff · 1% of spending
Top officer’s pay higher than 54% of similar orgs
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
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 · $1.6M
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$872K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 15 voting members
Looks good: 14 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$55.0M
+19% vs prior year
Spent
$54.5M
To programs
95%
Net assets
$19.5M
By yearFY2020–FY2024
Revenue
$55.0M
FY2024▲ +19%
Tap a bar for its year
Revenue by fiscal year
FY2020$51.7M
FY2021$145.2M
FY2022$149.4M
FY2023$46.4M
FY2024$55.0M
Expenses
$54.5M
FY2024▼ -28%
Tap a bar for its year
Expenses by fiscal year
FY2020$48.7M
FY2021$131.1M
FY2022$117.4M
FY2023$75.4M
FY2024$54.5M
Net assets
$19.5M
FY2024▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020$9.7M
FY2021$23.9M
FY2022$55.7M
FY2023$19.0M
FY2024$19.5M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2017.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $51.6M Management & general 3% · $1.9M Fundraising 2% · $1.1M

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

19 people listed on the 990; $786K paid to officers and key staff.

Part VII, Section A · reportable compensation
$252,907Pt VII · Sec A
VP of Development
$152,387Pt VII · Sec A
VP Finance & Operations
$148,864Pt VII · Sec A
VP, Brand Awareness & Engagement
$130,059Pt VII · Sec A
Dir., Development & Corp Partnerships
$101,828Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Corey Gordon’s $253K as CEO is at the 54th percentile of top reported officer pay among 3683 $10–100M 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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Corey Gordon$252,907$238,243$231,857$199,869$212,256
Suzanne Werdann—$175,330$153,351$122,607$125,401
Paul Wilson$152,387$131,169—$125,955—
Wade Jones$148,864$142,606$129,254$117,918—
Tara Stern$130,059————
Caitlin Stack—$106,289———
Gina Palmer$101,828————
Becky Shaw————$73,679

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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Ensures every child in America has equal opportunity and access to a quality education.

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Provided by the organization

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3 programs · $51.3M · in their own filed words · FY2024
01

National network of resource centers (including twin cities resource center) the foundation partners with over 40 resource centers across the country to help distribute much-needed school supplies to students who would otherwise go without.

$45.7Mprogram expense
02

Supply a student the foundation seeks sponsors to provide school supplies to children in need. Under this program, the foundation provides backpacks containing school supplies for children in needs. These school supplies are shipped to various schools and approved charities.

$3.2Mprogram expense
03

Supply a teacher focuses on core mission of providing essential school supplies to the classrooms of children most in need. Successful applicants receive two large boxes containing a predetermined assortment of core items with a retail value of approximately $500.

$2.4Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$1.6M

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$55.0M
Ln 12
Gifts and grantsLn 1h$55.0M
Investment incomeLn 3$83K
Money outPt IX
$54.5M
Ln 25
Programscol B$51.6M
Managementcol C$1.9M
Fundraisingcol D$1.1M
Owns and owesPt X
$19.5M
net assets · Ln 32
Cash and savingsLn 1–2$3.6M
Total assetsLn 16$20.4M
LiabilitiesLn 26$872K
PeoplePt VI, VII
19
listed · VII A
PaidVII A5
Voting boardVI 1a15
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$55.0M
Noncash giftsLn 1g$47.7M
Fundraising eventsLn 1c$65K
Investment incomeLn 3$83K
Total revenueLn 12$55.0M
Assets in detailPt X, end of year
CashLn 1$3.6M
SavingsLn 2$25K
Cash and savings togetherLn 1–2$3.6M
InvestmentsLn 11–13$1.1M
Land, buildings, equipmentLn 10c$49K
Other assetsLn 15$32K
Total assetsLn 16$20.4M
LiabilitiesLn 26$872K
Net assetsLn 32$19.5M
OperationsPt I, VI
EmployeesI 531
VolunteersI 6901
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$2.1M$3.6M
InvestmentsLn 11–13$996K$1.1M
Land, buildings, equipmentLn 10c$67K$49K
Total assetsLn 16$19.5M$20.4M
LiabilitiesLn 26$533K$872K
Net assetsLn 32$19.0M$19.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$466K$118K$207K$142K
Other salaries and wagesLn 7$2.2M$888K$828K$510K
Pension plan contributionsLn 8$78K$32K$28K$17K
Other employee benefitsLn 9$546K$211K$206K$129K
Payroll taxesLn 10$209K$79K$80K$50K
Legal feesLn 11b$9K$9K
Accounting feesLn 11c$30K$30K
Lobbying feesLn 11d$92K$92K
Other fees for servicesLn 11g$212K$25K$160K$27K
Advertising and promotionLn 12$6K$6K
Office expensesLn 13$47K$22K$15K$9K
Information technologyLn 14$168K$81K$54K$34K
OccupancyLn 16$277K$128K$91K$58K
TravelLn 17$76K$5K$4K$68K
Depreciation, depletion and amortizationLn 22$18K$18K
InsuranceLn 23$8K$4K$3K$2K
Other expenses (24a–d)Ln 24$50.1M$50.0M$31K$38K
Total functional expensesLn 25$54.5M$51.6M$1.9M$1.1M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $55.0M$54.5M$506K$19.5M 990 PDF
FY2023 $46.4M$75.4M−$29.0M$19.0M 990 PDF
FY2022 $149.4M$117.4M$32.0M$55.7M 990 PDF
FY2021 $145.2M$131.1M$14.1M$23.9M 990 PDF
FY2020 $51.7M$48.7M$3.0M$9.7M 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 FY2024 990 (6 parts)
Part I · Summary $55,026,598 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $46,488,358$54,969,744
I-9 Program service revenuePrior year $6,000$0
I-10 Investment incomePrior year $34,792$82,915
I-11 Other revenuePrior year −$95,762−$26,061
I-12 Total revenuePrior year $46,433,388$55,026,598
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $3,356,029$3,524,731
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $72,034,603$50,995,418
I-18 Total expensesPrior year $75,390,632$54,520,149
I-19 Revenue less expensesPrior year −$28,957,244$506,449
Part VI · Governance 14 of 15 board members independent, no flags
VI-1a Voting members of the governing body15
VI-1b Independent voting members14
VI-2 Family or business relationship among officers or directorsNo
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 $55,026,598 across 7 lines filed
VIII-1c Fundraising events$64,750
VIII-1f All other contributions, gifts and grants$54,904,994
VIII-1g Noncash contributions (included above)$47,680,412
VIII-1h Total contributions, gifts and grants$54,969,744
VIII-3 Investment incomeExcluded from tax $82,915$82,915
VIII-8 Net income from fundraising eventsExcluded from tax −$26,061−$26,061
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $56,854$55,026,598
Part IX · Statement of functional expenses $54,520,149 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $117,602 · Management $206,900 · Fundraising $141,804$466,306
IX-7 Other salaries and wagesPrograms $887,991 · Management $827,845 · Fundraising $510,106$2,225,942
IX-8 Pension plan contributionsPrograms $31,699 · Management $28,476 · Fundraising $17,388$77,563
IX-9 Other employee benefitsPrograms $211,115 · Management $206,377 · Fundraising $128,574$546,066
IX-10 Payroll taxesPrograms $78,632 · Management $79,967 · Fundraising $50,255$208,854
IX-11b Legal feesManagement $9,129$9,129
IX-11c Accounting feesManagement $29,894$29,894
IX-11d Lobbying feesManagement $92,000$92,000
IX-11g Other fees for servicesPrograms $24,830 · Management $159,620 · Fundraising $27,090$211,540
IX-12 Advertising and promotionFundraising $6,329$6,329
IX-13 Office expensesPrograms $22,308 · Management $15,262 · Fundraising $9,420$46,990
IX-14 Information technologyPrograms $80,658 · Management $53,709 · Fundraising $34,060$168,427
IX-16 OccupancyPrograms $127,816 · Management $91,478 · Fundraising $57,595$276,889
IX-17 TravelPrograms $4,507 · Management $4,076 · Fundraising $67,544$76,127
IX-22 Depreciation, depletion and amortizationManagement $18,006$18,006
IX-23 InsurancePrograms $3,768 · Management $2,509 · Fundraising $1,591$7,868
IX-24 Other expenses (24a–d)Programs $49,983,702 · Management $30,750 · Fundraising $37,767$50,052,219
IX-25 Total functional expensesPrograms $51,574,628 · Management $1,855,998 · Fundraising $1,089,523$54,520,149
Part X · Balance sheet $20,420,547 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $2,093,585$3,559,172
X-2 Savings and temporary cash investmentsStart of year $26,411$25,418
X-3 Pledges and grants receivableStart of year $10,726,925$9,091,326
X-8 Inventories for sale or useStart of year $5,389,750$6,465,125
X-9 Prepaid expenses and deferred chargesStart of year $72,934$89,532
X-10c Land, buildings and equipment, netStart of year $66,926$48,920
X-11 Publicly traded securitiesStart of year $996,076$1,108,939
X-15 Other assetsStart of year $111,991$32,115
X-16 Total assetsStart of year $19,484,598$20,420,547
X-17 Accounts payable and accrued expensesStart of year $270,729$693,136
X-25 Other liabilitiesStart of year $117,817$38,218
X-26 Total liabilitiesStart of year $533,005$871,664
X-27 Net assets without donor restrictionsStart of year $18,085,367$18,343,678
X-28 Net assets with donor restrictionsStart of year $866,226$1,205,205
X-32 Total net assets or fund balancesStart of year $18,951,593$19,548,883
X-33 Total liabilities and net assetsStart of year $19,484,598$20,420,547
Part XI · Reconciliation of net assets $19,548,883 net assets at year end
XI-1 Total revenue$55,026,598
XI-2 Total expenses$54,520,149
XI-3 Revenue less expenses$506,449
XI-4 Net assets at start of year$18,951,593
XI-5 Net unrealized gains (losses) on investments$90,841
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$19,548,883

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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